Stock Yards Bancorp Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
SYBT$80.38-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Cash and due from banks | $94,466 | $82,515 |
| Federal funds sold and interest bearing due from banks | 171,493 | 84,852 |
| Total cash and cash equivalents | 265,959 | 167,367 |
| Mortgage loans held for sale, at fair value | 6,056 | 2,606 |
| Available for sale debt securities (amortized cost of $1,154,153 in 2023 and $1,297,977 in 2022, respectively) | 1,031,179 | 1,144,617 |
| Held to maturity debt securities (fair value of $408,519 in 2023 and $431,833 in 2022, respectively) | 439,837 | 473,217 |
| Federal Home Loan Bank stock, at cost | 16,236 | 10,928 |
| Loans | 5,771,038 | 5,205,918 |
| Allowance for credit losses on loans | (79,374) | (73,531) |
| Net loans | 5,691,664 | 5,132,387 |
| Premises and equipment, net | 101,174 | 101,612 |
| Premises held for sale | 2,502 | 2,644 |
| Bank owned life insurance | 86,927 | 84,674 |
| Accrued interest receivable | 26,830 | 22,157 |
| Goodwill | 194,074 | 194,074 |
| Core deposit intangible | 11,944 | 14,958 |
| Customer list intangible | 8,360 | 10,032 |
| Other assets | 287,360 | 134,988 |
| Total assets | $8,170,102 | $7,496,261 |
| Liabilities | ||
| Deposits: | ||
| Non-interest bearing | $1,548,624 | $1,950,198 |
| Interest bearing | 5,122,124 | 4,441,054 |
| Total deposits | 6,670,748 | 6,391,252 |
| Securities sold under agreements to repurchase | 152,991 | 133,342 |
| Federal funds purchased | 12,852 | 8,789 |
| Subordinated debentures | 26,740 | 26,343 |
| Federal Home Loan Bank advances | 200,000 | 50,000 |
| Accrued interest payable | 2,094 | 660 |
| Other liabilities | 246,574 | 125,443 |
| Total liabilities | 7,311,999 | 6,735,829 |
| Commitments and contingent liabilities (Footnote 21) | ||
| Stockholders’ equity | ||
| Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding | — | — |
| Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 29,329,000 and 29,259,000 shares in 2023 and 2022, respectively | 58,602 | 58,367 |
| Additional paid-in capital | 385,955 | 377,703 |
| Retained earnings | 506,344 | 439,898 |
| Accumulated other comprehensive loss | (92,798) | (115,536) |
| Total stockholders’ equity | 858,103 | 760,432 |
| Total liabilities and equity | $8,170,102 | $7,496,261 |
See accompanying notes to consolidated financial statements.
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