Company: SYBT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014698
Chunk: 48

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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 subject to any such restrictions.

As a result of the CB acquisition, Bancorp became the 100% successor owner of the following unconsolidated trust subsidiaries: Commonwealth Statutory Trust III, Commonwealth Statutory Trust IV and Commonwealth Statutory Trust V. The sole assets of the trust subsidiaries represent the proceeds of offerings loaned in exchange for subordinated debentures with similar terms to the TPS. The TPS are treated as part of Tier 1 Capital. The subordinated note and related interest expense are included in Bancorp’s consolidated financial statements. The subordinated notes are currently redeemable at Bancorp’s option on a quarterly basis. As of March 31, 2025 and December 31, 2024, subordinated notes totaled $27 million.

Bancorp continues to exceed the regulatory requirements for all calculations. Bancorp and the Bank intend to maintain a capital position that meets or exceeds the “well-capitalized” requirements as defined by the FRB and the FDIC, in addition to the capital conservation buffer.

The following table sets forth consolidated Bancorp’s and the Bank’s risk based capital amounts and ratios:

			(dollars in thousands)

			Actual

			Minimum for adequately

			capitalized

			Minimum for well

			capitalized

			March 31, 2025

			Amount

			Ratio

			Amount

			Ratio

			Amount

			Ratio

			Total risk-based capital (1)

			Consolidated

			$
			969,918

			12.85
			
			%

			$
			603,908

			8.00
			
			%

			NA

			NA

			Bank

			944,773

			12.52

			603,520

			8.00

			$
			754,000

			10.00
			
			%

			Common equity tier 1 risk-based capital (1)

			Consolidated

			849,542

			11.25

			339,698

			4.50

			NA

			NA

			Bank

			850,457

			11.27

			339,480

			4.50

			490,360

			6.50

			Tier 1 risk-based capital (1)

			Consolidated