Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 5

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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 WM&T accounts.

Based on an evaluation of available information including security type, counterparty credit quality, past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability, Bancorp has concluded that it expects to receive all contractual cash flows from each security held in its AFS and HTM debt securities portfolio. As such, no allowance or impairment was recorded with respect to investment securities as of September 30, 2025 and December 31, 2024.

13

Unrealized and Unrecognized Loss Analysis on Debt Securities

Debt securities with unrealized and unrecognized losses at September 30, 2025 and December 31, 2024, aggregated by investment category and length of time securities have been in a continuous unrealized loss position follows:

			AFS Debt Securities

			Less than 12 months

			12 months or more

			Total

			(in thousands)

			Fair

			Unrealized

			Fair

			Unrealized

			Fair

			Unrealized

			September 30, 2025

			value

			losses

			value

			losses

			value

			losses

			Government sponsored enterprise obligations

			$
			-

			$
			-

			$
			70,992

			$
			(3,088
			)
			 
			$
			70,992

			$
			(3,088
			)

			Mortgage-backed securities

			-

			-

			528,631

			(74,850
			)

			528,631

			(74,850
			)

			Obligations of states and political subdivisions

			1,174

			(1
			)

			93,924

			(10,153
			)

			95,098

			(10,154
			)

			Other

			-

			-

			553

			(42
			)

			553

			(42
			)

			Total AFS debt securities

			$
			1,174

			$
			(1
			)
			 
			$
			694,100

			$
			(88,133
			)
			 
			$