Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 73

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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	$
			8,408,159

			$
			7,670,807

			$
			737,352

			10
			%

			Average interest bearing liabilities

			6,326,894

			5,611,573

			715,321

			13
			%

			Five year Treasury note rate at period end

			3.74
			%

			3.58
			%

			16 bps

			4
			%

			Average five year Treasury note rate

			4.00
			%

			4.13
			%

			(13) bps

			-3
			%

			Prime rate at period end

			7.25
			%

			8.00
			%

			(75) bps

			-9
			%

			Average Prime rate

			7.49
			%

			8.48
			%

			(99) bps

			-12
			%

			One month term SOFR at period end

			4.13
			%

			4.85
			%

			(72) bps

			-15
			%

			Average one month term SOFR

			4.31
			%

			5.29
			%

			(98) bps

			-19
			%

*See table titled, "Average Balance Sheets and Interest Rates (FTE)" for detail of Net interest income (FTE). 

NIM and net interest spread calculations above exclude the sold portion of certain participation loans, which totaled $2 million at both September 30, 2025 and December 31, 2024, respectively. These sold loans are on Bancorp’s balance sheet as required by GAAP because Bancorp retains some form of effective control; however, Bancorp receives no interest income on the sold portion. These participation loans sold are excluded from NIM and spread analysis, as Bancorp believes it provides a more accurate depiction of loan portfolio performance.

At September 30, 2025, Bancorp’s loan portfolio consisted of approximately 64% fixed and 36% variable rate loans. At inception, most of Bancorp’s fixed rate loans are generally priced in relation to the five year