Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 3

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 3
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 cost, unrecognized gains and losses, and fair value of Bancorp’s HTM debt securities portfolio:

			(in thousands)

			Carrying

			Unrecognized

			Fair

			June 30, 2025
			 
			value

			Gains

			Losses

			value

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

			$
			1,985

			$
			-

			$
			(40
			)
			 
			$
			1,945

			Government sponsored enterprise obligations

			23,380

			-

			(1,303
			)

			22,077

			Mortgage backed securities

			182,615

			3

			(19,369
			)

			163,249

			Total held to maturity debt securities

			$
			207,980

			$
			3

			$
			(20,712
			)
			 
			$
			187,271

			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 June 30, 2025 are obligations of the U.S. Government and/or are issued by U.S. Government-sponsored agencies and have an implicit or explicit government guarantee. Therefore, no ACL has been recorded for Bancorp’s HTM securities as of June 30, 2025. Further, as of June 30, 2025, none of Bancorp’s HTM securities were in non-accrual or past due status.

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