Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 106

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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0.34
			%

			Non-performing assets to total assets

			0.20
			%

			0.25
			%

			ACL for loans to total non-performing loans

			503
			%

			391
			%

As of June 30, 2025, non-accrual loans totaled $18 million compared to $22 million at December 31, 2024. The decrease in total non-accrual loans between December 31, 2024 and June 30, 2025 stemmed mainly from the payoff of two CRE relationships during the first quarter and the paydown of another during the second quarter.

Non-performing assets as of June 30, 2025 consisted of approximately 100 loans, ranging in individual amounts up to $4 million, and one residential real estate property held as OREO.

Delinquent Loans

Delinquent loans (consisting of all loans 30 days or more past due) totaled $37 million and $32 million at June 30, 2025 and December 31, 2024. Delinquent loans to total loans were 0.54% and 0.50% at June 30, 2025 and December 31, 2024, respectively. The increase in delinquent loans over this period was primarily driven by two individual and unrelated CRE and C&D relationships totaling $3 million that went past due in addition to an increase in past due residential real estate loans.

81

Allowance for Credit Losses on Loans 

The ACL for loans is a valuation allowance for loans estimated at each balance sheet date in accordance with GAAP. When Bancorp deems all or a portion of a loan to be uncollectible, the appropriate amount is written off and the ACL is reduced by the same amount. Subsequent recoveries, if any, are credited to the ACL when received. Allocations of the ACL may be made for specific loans, but the entire ACL for loans is available for any loan that, in Bancorp’s judgment, should be charged-off. See the Footnote titled “Summary of Significant Accounting Policies” from Bancorp’s most recent Annual Report on Form 10-K for discussion of Bancorp’s ACL methodology on loans.

Bancorp’s ACL for loans was $91 million as of June 30, 2025 compared to $87 million as of December 31, 2024. Provision expense for credit losses