Company: SYBT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014698
Chunk: 90

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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			30,872

			2,259,804

			34
			%

			Total loans

			$
			1,217,234

			$
			2,965,297

			$
			1,503,312

			$
			960,517

			$
			6,646,360

			100
			%

In the event where Bancorp structures a loan with a maturity exceeding five years (typically CRE loans), an automatic rate adjustment will typically be set in place at five years from origination date to limit interest rate sensitivity.

72

Non-performing Loans and Assets

Information summarizing non-performing loans and assets follows:

			(dollars in thousands)

			March 31, 2025

			December 31, 2024

			Non-accrual loans

			$
			15,865

			$
			21,727

			Modifications to borrowers experiencing financial difficulty

			-

			-

			Loans past due 90 days or more and still accruing

			283

			487

			Total non-performing loans

			16,148

			22,214

			Other real estate owned

			85

			10

			Total non-performing assets

			$
			16,233

			$
			22,224

			Non-performing loans to total loans

			0.24
			%

			0.34
			%

			Non-performing assets to total assets

			0.18
			%

			0.25
			%

			ACL for loans to total non-performing loans

			550
			%

			391
			%

As of March 31, 2025, non-accrual loans totaled $16 million compared to $22 million at December 31, 2024. The decrease in total non-accrual loans between December 31, 2024 and March 31, 2025 stemmed mainly from the payoff of two CRE relationships during the first quarter.

Non-performing assets as of March 31, 2025 consisted of 112 loans, ranging in individual amounts up to $4 million, and two residential real estate properties held as OREO.

Delinquent Loans

Delinquent loans