Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 27

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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 days or less) for the six month period ended June 30, 2024 totaled $600 million and $400 million.

Information regarding FHLB advances follows. The average interest rate information provided includes the benefit associated with the related interest rate swaps:

			(dollars in thousands)

			June 30, 2025

			December 31, 2024

			Outstanding balance at end of period

			$
			300,000

			$
			300,000

			Weighted average interest rate at end of period

			3.77
			
			%

			3.77
			
			%

FHLB advances are collateralized by certain CRE and residential real estate mortgage loans under blanket mortgage collateral pledge agreements. Bancorp views these advances as an effective lower-costing funding option compared to other alternatives, such as brokered deposits, to fund loan growth. At June 30, 2025 and December 31, 2024, the amount of available credit from the FHLB totaled $1.31 billion and $1.25 billion, respectively.

Bancorp also had unsecured available FFP lines with correspondent banks totaling $80 million at both June 30, 2025 and December 31, 2024, respectively.

35

			(12) 

			Commitments and Contingent Liabilities

As of June 30, 2025 and December 31, 2024, Bancorp had various commitments outstanding that arose in the normal course of business which are properly not reflected in the condensed consolidated financial statements. Total off-balance sheet commitments to extend credit follows:

			(in thousands)

			June 30, 2025

			December 31, 2024

			Commercial and industrial

			$
			851,192

			$
			876,503

			Construction and development

			587,692

			566,045

			Home equity lines of credit

			429,714

			403,461

			Credit cards

			93,788

			92,060

			Overdrafts

			55,979

			58,078

			Standby letters of credit

			28,109

			30,472

			Other

			82,402

			86,010

			Future loan commitments

			401,402