Stock Yards Bancorp Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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, 2024 and 2023
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Cash and due from banks | $78,925 | $94,466 |
| Federal funds sold and interest bearing due from banks | 212,095 | 171,493 |
| Total cash and cash equivalents | 291,020 | 265,959 |
| Mortgage loans held for sale, at fair value | 6,286 | 6,056 |
| Available for sale debt securities (amortized cost of $1,114,961 in 2024 and $1,154,153 in 2023, respectively) | 990,114 | 1,031,179 |
| Held to maturity debt securities (fair value of $341,357 in 2024 and $408,519 in 2023, respectively) | 370,171 | 439,837 |
| Federal Home Loan Bank stock, at cost | 21,603 | 16,236 |
| Loans | 6,520,402 | 5,771,038 |
| Allowance for credit losses on loans | (86,943) | (79,374) |
| Net loans | 6,433,459 | 5,691,664 |
| Premises and equipment, net | 112,736 | 101,174 |
| Premises held for sale | 2,321 | 2,502 |
| Bank owned life insurance | 89,370 | 86,927 |
| Accrued interest receivable | 27,697 | 26,830 |
| Goodwill | 194,074 | 194,074 |
| Core deposit intangible | 8,978 | 11,944 |
| Customer list intangible | 6,840 | 8,360 |
| Other assets | 308,750 | 287,360 |
| Total assets | $8,863,419 | $8,170,102 |
| Liabilities | ||
| Deposits: | ||
| Non-interest bearing | $1,456,138 | $1,548,624 |
| Interest bearing | 5,710,263 | 5,122,124 |
| Total deposits | 7,166,401 | 6,670,748 |
| Securities sold under agreements to repurchase | 162,967 | 152,991 |
| Federal funds purchased | 6,525 | 12,852 |
| Subordinated debentures | 26,806 | 26,740 |
| Federal Home Loan Bank advances | 300,000 | 200,000 |
| Accrued interest payable | 1,912 | 2,094 |
| Other liabilities | 258,332 | 246,574 |
| Total liabilities | 7,922,943 | 7,311,999 |
| Commitments and contingent liabilities (Footnote 20) | ||
| 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 29,431,000 and 29,329,000 shares in 2024 and 2023, respectively | 58,939 | 58,602 |
| Additional paid-in capital | 395,081 | 385,955 |
| Retained earnings | 577,607 | 506,344 |
| Accumulated other comprehensive loss | (91,151) | (92,798) |
| Total stockholders’ equity | 940,476 | 858,103 |
| Total liabilities and equity | $8,863,419 | $8,170,102 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.