-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IwzfbXRJtJ2sibn5dCTpUaCMwDT25tG3s6YJaTvhuHWDmfPgAcsa7LLI3jIUH7+6
 fQ5wyC8EQsoAcebsgrobvA==

<SEC-DOCUMENT>0001193287-04-000001.txt : 20040127
<SEC-HEADER>0001193287-04-000001.hdr.sgml : 20040127
<ACCEPTANCE-DATETIME>20040127143700
ACCESSION NUMBER:		0001193287-04-000001
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040128
FILED AS OF DATE:		20040127

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BROOKS DAVID H
		CENTRAL INDEX KEY:			0001193287

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13661
		FILM NUMBER:		04545959

	BUSINESS ADDRESS:	
		STREET 1:		4010 FOX MEADOW WAY
		CITY:			PROSPECT
		STATE:			KY
		ZIP:			40059

	MAIL ADDRESS:	
		STREET 1:		4010 FOX MEADOW WAY
		CITY:			PROSPECT
		STATE:			KY
		ZIP:			40059

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			S Y BANCORP INC
		CENTRAL INDEX KEY:			0000835324
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				611137529
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1040 E MAIN ST
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40206
		BUSINESS PHONE:		5025822571

	MAIL ADDRESS:	
		STREET 1:		1040 EAST MAIN STREET
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40206
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-01-28</periodOfReport>

    <issuer>
        <issuerCik>0000835324</issuerCik>
        <issuerName>S Y BANCORP INC</issuerName>
        <issuerTradingSymbol>SYI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001193287</rptOwnerCik>
            <rptOwnerName>BROOKS DAVID H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4010 FOX MEADOW WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PROSPECT</rptOwnerCity>
            <rptOwnerState>KY</rptOwnerState>
            <rptOwnerZipCode>40059</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman &amp; CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-01-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>14.206</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>21.45</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>971.727</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares held in Trust in the directors deferred comp plan</footnote>
    </footnotes>

    <remarks>28,334 shares held Directly.  Derivative securities:  4,000 RSO @ .4308, 19,400 ISO @ 11.9688, 23,000 ISO @10.50, 32,000 ISO @ 10.315, 24,000 ISO @16.80, 18,600 ISO @19.55, 16,700 ISO @ 21.18 are held Directly.      45,656 shares are held Indirectly by Wife.  15,128.8666 shares held in ESOP Indirectly.  2,2887.2740 shares held in 401k Indirectly.</remarks>

    <ownerSignature>
        <signatureName>//David H. Brooks</signatureName>
        <signatureDate>2004-01-27</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----