Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 17

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 17
---
,402

			Current period gross charge offs

			$
			(1,054
			)
			 
			$
			(618
			)
			 
			$
			(573
			)
			 
			$
			(119
			)
			 
			$
			(9
			)
			 
			$
			(52
			)
			 
			$
			(351
			)
			 
			$
			(2,776
			)

For certain loan classes, such as credit cards, credit quality is evaluated based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment in credit cards based on payment activity:

			June 30,

			December 31,

			(in thousands)

			2025

			2024

			Credit cards

			Performing

			$
			26,143

			$
			24,370

			Non-performing

			130

			170

			Total credit cards

			$
			26,273

			$
			24,540

Bancorp had $717,000 and $569,000, respectively, in residential real estate loans for which formal foreclosure proceedings were in process at June 30, 2025 and December 31, 2024.

Modifications to Borrowers Experiencing Financial Difficulty

During the three and six month periods ended June 30, 2025 and 2024, there were no modifications made to loans for borrowers experiencing financial difficulty and there were no payment defaults of existing modified loans within 12 months following modification. Default is determined at 90 days or more past due, charge off, or foreclosure. 

28

			(4) 

			Goodwill 

As of June 30, 2025 and December 31, 2024, goodwill totaled $194 million, of which $172 million was attributed to the commercial banking segment and $22 million is attributed to WM&T.

The composition of goodwill presented by respective acquisition and year follows:

			June 30,

			December 31,

			(in thousands)

			2025

			2024

			Commonwealth Bancshares (2022)

			$
			58,244

			$
			58,244

			Kentucky