Note 25 - Segments

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

(25) Segments

Bancorp’s principal activities include commercial banking and investment management and trust. Commercial banking provides a full range of loan and deposit products to individual consumers and businesses. Commercial banking also includes Bancorp’s mortgage origination and securities brokerage activity. Investment management and trust provides wealth management services including investment management, trust and estate administration, and retirement plan services.

Financial information for each business segment reflects that which is specifically identifiable or allocated based on an internal allocation method. Income taxes are allocated based on the effective federal income tax rate adjusted for any tax exempt activity. All tax exempt activity and provision for loan losses have been allocated to the commercial banking segment. Measurement of the performance of the business segments is based on the management structure of Bancorp and is not necessarily comparable with similar information for any other financial institution. Information presented is also not necessarily indicative of the segments’ operations if they were independent entities.

Principally, all of the net assets of Stock Yards Bancorp, Inc. are involved in the commercial banking segment.  Bancorp has goodwill of $682,000 related to the 1996 purchase of a bank in southern Indiana.  This purchase facilitated Bancorp’s expansion in southern Indiana.  Goodwill has been assigned to the commercial banking segment.

Selected financial information by business segment follows:

(In thousands)	Commercial banking			Investment management and trust		Total
Year ended December 31, 2015
Net interest income	$	88,124		$	194	$	88,318
Provision for loan losses		750			-		750
Investment management and trust services		-			18,026		18,026
All other non-interest income		21,924			-		21,924
Non-interest expense		62,748			10,650		73,398
Income before income taxes		46,550			7,570		54,120
Tax expense		14,238			2,695		16,933
Net income	$	32,312		$	4,875	$	37,187
Year ended December 31, 2014
Net interest income	$	83,570		$	187	$	83,757
Credit for loan losses		(400	)		-		(400	)
Investment management and trust services		-			18,212		18,212
All other non-interest income		20,913			30		20,943
Non-interest expense		62,523			10,686		73,209
Income before income taxes		42,360			7,743		50,103
Tax expense		12,527			2,754		15,281
Net income	$	29,833		$	4,989	$	34,822
Year ended December 31, 2013
Net interest income	$	77,144		$	154	$	77,298
Provision for loan losses		6,550			-		6,550
Investment management and trust services		-			16,287		16,287
All other non-interest income		22,654			61		22,715
Non-interest expense		61,891			9,461		71,352
Income before income taxes		31,357			7,041		38,398
Tax expense		8,740			2,488		11,228
Net income	$	22,617		$	4,553	$	27,170