Company: SYBT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014698
Chunk: 33

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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			—

			$
			—

			$
			12,227

			$
			12,227

			$
			4

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

37

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.

			March 31, 2025

			(dollars in thousands)

			Fair Value

			Valuation Technique

			Unobservable Inputs

			Weighted Average

			Collateral dependent loans

			$
			8,191

			Appraisal

			Appraisal discounts

			28.0
			
			%

			Other real estate owned

			85

			Appraisal

			Appraisal discounts

			60.6

			December 31, 2024

			(dollars in thousands)

			Fair Value

			Valuation Technique

			Unobservable Inputs

			Weighted Average

			Collateral dependend loans

			$
			12,227

			Appraisal

			Appraisal discounts

			15.7
			
			%

38

			(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:

			March 31, 2025 (in thousands)

			amount

			Fair value

			Level 1

			Level 2

			Level 3

			Assets

			Cash and cash equivalents

			$
			403,736

			$
			403,736

			$
			403,736

			$
			—

			$
			—

			HTM debt securities

			212,451

			189,017

			1,931

			187,086

			—

			Federal Home Loan Bank stock

			29,315