Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 19

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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 acquisition, Bancorp also recorded initial intangible assets totaling $14 million associated with the customer list of the acquired WM&T business. Similar to CDI assets, this intangible asset also amortizes over its estimated useful life.

Changes in the net carrying amount of the CLI follows:

			Three months ended

			Six months ended

			June 30,

			June 30,

			(in thousands)

			2025

			2024

			2025

			2024

			Balance at beginning of period

			$
			6,498

			$
			7,980

			$
			6,840

			$
			8,360

			Amortization

			(342
			)

			(380
			)

			(684
			)

			(760
			)

			Balance at end of period

			$
			6,156

			$
			7,600

			$
			6,156

			$
			7,600

Future CDI and CLI amortization expense is estimated as follows:

			(in thousands)

			CDI

			CLI

			Remainder of 2025

			$
			1,146

			$
			684

			2026

			1,979

			1,216

			2027

			1,668

			1,064

			2028

			1,311

			912

			2029

			888

			760

			2030

			576

			608

			2031

			265

			456

			2032

			-

			304

			2033

			-

			152

			Total future expense

			$
			7,833

			$
			6,156

30

			(6) 

			Other Assets

A summary of the major components of other assets follows:

			June 30,

			December 31,

			(in thousands)

			2025

			2024

			Cash surrender value of life insurance other than BOLI

			$
			21,024

			$
			19,895

			Net deferred tax asset

			47