Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 91

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 91
---
 $7.1 million as of September 30, 2025.

While no provision for credit loss expense for off balance sheet credit exposures was recorded for the three month period ended September 30, 2024, expense of $475,000 was recorded for the nine month period ended September 30, 2024, driven by increased availability in the C&D portfolio. The ACL for off balance sheet credit exposures was $6.3 million as of September 30, 2024.

Bancorp’s loan portfolio is well-diversified with no significant concentrations of credit. Geographically, most loans are extended to borrowers in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. The adequacy of the ACL is monitored on an ongoing basis and it is the opinion of management that the balance of the ACL at September 30, 2025 is adequate to absorb probable losses inherent in the loan portfolio as of the financial statement date.

71

Non-interest Income 

			Three months ended September 30,

			Nine months ended September 30,

			(dollars in thousands)

			2025

			2024

			$ Variance

			% Variance

			2025

			2024

			$ Variance

			% Variance

			Wealth management and trust services

			$
			10,704

			$
			10,931

			$
			(227
			)

			(2
			)%
			 
			$
			31,834

			$
			32,497

			$
			(663
			)

			(2
			)%

			Deposit service charges

			2,281

			2,314

			(33
			)

			(1
			)

			6,429

			6,630

			(201
			)

			(3
			)

			Debit and credit card income

			5,009

			5,083

			(74
			)

			(1
			)

			14,354

			14,688

			(334
			)

			(2
			)

			Treasury management fees

			2,923

			2,939