Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 52

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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 not 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 September 30, 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

			September 30, 2025

			Amount

			Ratio

			Amount

			Ratio

			Amount

			Ratio

			Total risk-based capital (1)

			Consolidated

			$
			1,028,017

			13.17
			
			%

			$
			624,415

			8.00
			
			%

			NA

			NA

			Bank

			1,001,121

			12.83

			624,072

			8.00

			$
			780,090

			10.00
			%

			Common equity tier 1 risk-based capital (1)

			Consolidated

			904,431

			11.59

			351,234

			4.50

			NA

			NA

			Bank

			903,588

			11.58

			351,040

			4.50

			507,058

			6.50

			Tier 1 risk-based capital (1)