Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 34

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 34
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	$
			58

			$
			58

There were no liabilities measured at fair value on a non-recurring basis at June 30, 2025 and December 31, 2024.

39

For Level 3 assets measured at fair value on a non-recurring basis, the significant unobservable inputs used in the fair value measurements are presented below.

			June 30, 2025

			(dollars in thousands)

			Fair Value

			Valuation Technique

			Unobservable Inputs

			Weighted Average

			Collateral dependent loans

			$
			9,103

			Appraisal

			Appraisal discounts

			31.0
			
			%

			Other real estate owned

			10

			Appraisal

			Appraisal discounts

			92.5

			December 31, 2024

			(dollars in thousands)

			Fair Value

			Valuation Technique

			Unobservable Inputs

			Weighted Average

			Collateral dependend loans

			$
			12,227

			Appraisal

			Appraisal discounts

			15.7
			
			%

40

			(14) 

			Disclosure of Financial Instruments Not Reported at Fair Value

GAAP requires disclosure of the fair value of financial assets and liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis. The estimated fair values of Bancorp’s financial instruments not measured at fair value on a recurring or non-recurring basis follows:

			Carrying

			Fair Value Measurements Using:

			June 30, 2025 (in thousands)

			amount

			Fair value

			Level 1

			Level 2

			Level 3

			Assets

			Cash and cash equivalents

			$
			451,412

			$
			451,412

			$
			451,412

			$
			—

			$
			—

			HTM debt securities

			207,980

			187,271

			1,945

			185,326

			—

			Federal Home Loan Bank stock

			22,839

			22,839

			—

			22,839

			—

			Loans