Company: SYBT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014698
Chunk: 93

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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			)

			142,629

			-0.06
			%

			(99
			)

			145,145

			-0.07
			%

			Leases

			-

			15,019

			0.00
			%

			-

			16,057

			0.00
			%

			Credit cards

			(57
			)

			25,473

			-0.22
			%

			(10
			)

			23,862

			-0.04
			%

			Total

			$
			971

			$
			6,597,388

			0.01
			%
			 
			$
			348

			$
			5,808,924

			0.01
			%

While separate from the ACL for loans and recorded in other liabilities on the consolidated balance sheets, the ACL for off balance sheet credit exposures remained unchanged between December 31, 2024 and March 31, 2025. No provision for credit loss expense for off balance sheet credit exposures was recorded for the three months ended March 31, 2025, as overall utilization was flat during the first quarter. The ACL for off balance sheet credit exposures totaled $6.8 million as of March 31, 2025 and December 31, 2024.

74

Premises and Equipment

Premises and equipment are presented on the consolidated balance sheets net of related depreciation on the respective assets, as well as fair value adjustments associated with purchase accounting. Premises and equipment increased $1 million, or 1%, between December 31, 2024 and March 31, 2025. Bancorp’s branch network currently consists of 73 locations throughout Louisville, central, eastern and northern, Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio markets.

Premises held for sale totaling $2.3 million was recorded on Bancorp’s consolidated balance sheets as of both March 31, 2025 and December 31, 2024, respectively, and consisted of three vacant parcels of land, a former administrative building and one former branch location.

BOLI

Bank-owned life insurance assets increased $621,000, or 1%, to $90 million at March 31, 2025, compared to $89 million