Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 3

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 3
---
$
			990,114

HTM Debt Securities

The following table summarizes the amortized cost, unrecognized gains and losses, and fair value of Bancorp’s HTM debt securities portfolio:

			(in thousands)

			Carrying 

			Unrecognized

			September 30, 2025
			 
			value

			Gains

			Losses

			Fair value

			U.S. Treasury and other U.S. Government obligations

			$
			1,990

			$
			-

			$
			(25
			)
			 
			$
			1,965

			Government sponsored enterprise obligations

			23,012

			-

			(1,285
			)

			21,727

			Mortgage backed securities

			178,117

			3

			(18,001
			)

			160,119

			Total held to maturity debt securities

			$
			203,119

			$
			3

			$
			(19,311
			)
			 
			$
			183,811

			December 31, 2024

			U.S. Treasury and other U.S. Government obligations

			$
			153,850

			$
			-

			$
			(741
			)
			 
			$
			153,109

			Government sponsored enterprise obligations

			25,395

			-

			(2,034
			)

			23,361

			Mortgage backed securities

			190,926

			2

			(26,041
			)

			164,887

			Total held to maturity debt securities

			$
			370,171

			$
			2

			$
			(28,816
			)
			 
			$
			341,357

All investment securities classified as HTM by Bancorp as of September 30, 2025 are obligations of the U.S. Government and/or are issued by government-sponsored enterprises and have an explicit government guarantee or have a credit rating on par with the U.S. government and are generally considered risk-free. Therefore, no ACL has been recorded for Bancorp’s HTM securities as of September 30, 2025. Further, as of September