Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 107

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 on loans of $3.2 million was recorded for the six months ended June 30, 2025, consistent with strong loan growth, slight deterioration FRB unemployment forecast, increased specific reserves and annual CECL model updates. Further, net recoveries of $629,000 were recorded for the six months ended June 30, 2025, serving to increase the ACL for loans.

The ACL for loans calculation and resulting credit loss expense is significantly impacted by changes in forecasted economic conditions. Should the forecast for economic conditions change, Bancorp could experience further adjustments in its required ACL for loans.

The following table sets forth the ACL by category of loan:

			June 30, 2025

			December 31, 2024

			(dollars in thousands) 

			Allocated 

			Allowance

			% of Total 

			ACL on 

			loans

			ACL for 

			loans to 

			Total Loans

			Allocated 

			Allowance

			% of Total 

			ACL on 

			loans

			ACL for 

			loans to 

			Total Loans

			Commercial real estate - non-owner occupied

			$
			15,278

			17
			%

			0.77
			%
			 
			$
			13,935

			16
			%

			0.76
			%

			Commercial real estate - owner occupied

			11,996

			13
			%

			1.19
			%

			10,192

			12
			%

			1.02
			%

			Total commercial real estate

			27,274

			30
			%

			0.91
			%

			24,127

			28
			%

			0.85
			%

			Commercial and industrial - term

			20,677

			23
			%

			2.41
			%

			21,284

			25
			%

			2.41
			%

			Commercial and industrial - lines of credit

			7,941

			9
			%

			1.25
			%

			6,496

			7
			%

			1