Company: SYBT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014698
Chunk: 2

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 2
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 has the intent and ability to hold to their maturity are classified as HTM securities. All other investment securities are classified as AFS securities.

AFS Debt Securities

The following table summarizes the amortized cost, unrealized gains and losses, and fair value of Bancorp’s AFS debt securities portfolio:

			(in thousands)

			Amortized 

			Unrealized

			March 31, 2025
			 
			cost

			Gains

			Losses

			Fair value

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

			$
			247,835

			$
			-

			$
			(14
			)
			 
			$
			247,821

			Government sponsored enterprise obligations

			86,596

			111

			(3,810
			)

			82,897

			Mortgage backed securities - government agencies

			677,301

			24

			(89,358
			)

			587,967

			Obligations of states and political subdivisions

			126,185

			2

			(13,185
			)

			113,002

			Other

			2,654

			-

			(102
			)

			2,552

			Total available for sale debt securities

			$
			1,140,571

			$
			137

			$
			(106,469
			)
			 
			$
			1,034,239

			December 31, 2024

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

			$
			198,182

			$
			33

			$
			-

			$
			198,215

			Government sponsored enterprise obligations

			88,895

			110

			(4,847
			)

			84,158

			Mortgage backed securities - government agencies

			696,767

			-

			(105,790
			)

			590,977

			Obligations of states and political subdivisions

			128,431

			1

			(14,198
			)

			114,234

			Other

			2,686