Company: SYBT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014698
Chunk: 74

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 as an adjustment to interest expense in periods in which the hedged forecasted transaction affects earnings.

63

Provision for Credit Losses 

Provision for credit losses on loans at March 31, 2025 represents the amount of expense that, based on management’s judgment, is required to maintain the ACL for loans at an appropriate level under the CECL model. The determination of the amount of the ACL for loans is complex and involves a high degree of judgment and subjectivity. See the Footnote titled “Basis of Presentation and Summary of Significant Accounting Policies” in Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 for detailed discussion regarding Bancorp’s ACL methodology by loan segment.

An analysis of the changes in the ACL for loans, including provision, and selected ratios follow:

			Three months ended 

			March 31,

			(dollars in thousands)

			2025

			2024

			Beginning balance

			$
			86,943

			$
			79,374

			Provision for credit losses on loans

			900

			1,175

			Total charge-offs

			(614
			)

			(262
			)

			Total recoveries

			1,585

			610

			Net loan recoveries

			971

			348

			Ending balance

			$
			88,814

			$
			80,897

			Average total loans

			$
			6,597,388

			$
			5,808,924

			Provision for credit losses on loans to average total loans (1)

			0.01
			%

			0.02
			%

			Net loan recoveries to average total loans (1)

			0.01
			%

			0.01
			%

			ACL for loans to total loans

			1.34
			%

			1.38
			%

			ACL for loans to average total loans

			1.35
			%

			1.39
			%

(1) Ratios are not annualized

The ACL for loans totaled $89 million as of March 31, 2025 compared to $81 million at March 31, 2024, representing an ACL to total loans