Stock Yards Bancorp, Inc., incorporated on January 12, 1988, is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity. The wealth management and trust segment provides investment management, trust and estate administration, and retirement plan services. The Bank provides commercial and personal banking services in the Louisville, Kentucky, Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets through 37 full service banking offices, as of December 31, 2016. The Bank also originates and sells single-family residential mortgages. Additionally, the Bank offers securities brokerage services via its branch network through an arrangement with a third party broker-dealer.
Lending Activities
The Company's loan portfolio includes commercial and industrial loans; construction and development loans, excluding undeveloped land; undeveloped land loans; real estate mortgage loans, and consumer loans. Commercial and industrial loans are secured by assets of the business and repayment is expected from cash flows of the business. Construction and development, excluding undeveloped land Loans include owner-occupied and investment construction loans and commercial development projects. Undeveloped land loans are secured by land acquired for development by the borrower, but for which no development has yet taken place. Real estate mortgage loans are secured by owner-occupied residential real estate, owner-occupied real estate used for business purposes, and income-producing investment properties. As of December 31, 2016, the Company's net loans amounted to $2.2 billion.
Investment Activities
All of the Company's investments are available-for-sale. The Company's securities available-for-sale include the United States Treasury and other United States Government obligations, government sponsored enterprise obligations, mortgage-backed securities-government agencies, obligations of states and political subdivisions, and corporate equity securities. As of December 31, 2016, the Company's total securities available-for-sale amounted to $570 million.
Sources of Funds
The Company's deposits include non-interest bearing demand deposits, interest bearing demand deposits, savings deposits, money market deposits and time deposits. As of December 31, 2016, the Company's total deposits amounted to $2.5 billion.
1040 E MAIN ST
The company trades on NASDAQ exchange. The company headquarter is located in Kentucky, KY. The company was established in the 1904.| Ticker | SYBT |
| Long Name | Stock Yards Bancorp, Inc. |
| Short Name | Stock Yards Bancorp |