Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 26

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 26
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There were no impairment losses related to Bancorp’s investments in tax credit partnerships during the three and nine month periods ended September 30, 2025 and 2024.

33

			(8)

			Deposits

The composition of deposits follows:

			(in thousands)

			September 30, 2025

			December 31, 2024

			Non-interest bearing demand deposits

			$
			1,589,159

			$
			1,456,138

			Interest bearing deposits:

			Interest bearing demand

			2,573,204

			2,649,142

			Savings

			420,614

			419,355

			Money market

			1,341,727

			1,403,978

			Time deposits of $250 thousand or more

			569,260

			365,024

			Other time deposits

			1,150,008

			872,764

			Total time deposits

			1,719,268

			1,237,788

			Total interest bearing deposits

			6,054,813

			5,710,263

			Total deposits

			$
			7,643,972

			$
			7,166,401

			(9)

			Securities Sold Under Agreements to Repurchase

SSUAR represent a funding source of Bancorp and are primarily used by commercial customers in conjunction with collateralized corporate cash management accounts. Such repurchase agreements are considered financing agreements and mature within one business day from the transaction date. At September 30, 2025 and December 31, 2024, all of these financing arrangements had overnight maturities and were secured by government sponsored enterprise obligations and government enterprise mortgage-backed securities that were owned and controlled by Bancorp.

Information concerning SSUAR follows:

			(dollars in thousands)

			September 30, 2025

			December 31, 2024

			Outstanding balance at end of period

			$
			73,149

			$
			162,967

			Weighted average interest rate at end of period

			1.89
			
			%

			2.10
			
			%

			Three months ended

			Nine months ended

			September 30