Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 29

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 29
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FHLB advances are collateralized by certain CRE and residential real estate mortgage loans under blanket mortgage collateral pledge agreements. Bancorp views these advances as an effective lower-costing funding option compared to other alternatives, such as brokered deposits, to fund loan growth. At September 30, 2025 and December 31, 2024, the amount of available credit from the FHLB totaled $1.44 billion and $1.25 billion, respectively.

Bancorp also had unsecured available FFP lines with correspondent banks totaling $80 million at both September 30, 2025 and December 31, 2024, respectively. There were no outstanding balances associated with these lines as of both September 30, 2025 and December 31, 2024.

35

			(12) 

			Commitments and Contingent Liabilities

As of September 30, 2025 and December 31, 2024, Bancorp had various commitments outstanding that arose in the normal course of business which are properly not reflected in the condensed consolidated financial statements. Total off-balance sheet commitments to extend credit follows:

			(in thousands)

			September 30, 2025

			December 31, 2024

			Commercial and industrial

			$
			819,731

			$
			876,503

			Construction and development

			647,539

			566,045

			Home equity lines of credit

			427,799

			403,461

			Credit cards

			93,895

			92,060

			Overdrafts

			55,170

			58,078

			Standby letters of credit

			28,073

			30,472

			Other

			86,685

			86,010

			Future loan commitments

			250,219

			325,613

			Total off balance sheet commitments to extend credit

			$
			2,409,111

			$
			2,438,242

Most commitments to extend credit are an agreement to lend to a customer either unsecured or secured, as long as collateral is available as agreed upon and there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses. Since some of the commitments are expected to expire without being