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Note 24 - Stock Yards Bancorp, Inc. (Parent Company Only)
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
(24)
Stock Yards Bancorp, Inc. (parent company only)
 
Condensed Balance Sheets
 
 
 
 
 
 
 
 
 
 
December 31,
 
(in thousands)
 
2016
 
 
2015
 
                 
Assets
 
 
 
 
 
 
 
 
Cash on deposit with subsidiary bank
   $
6,972
    $
5,722
 
Investment in and receivable from subsidiaries
    
300,977
     
276,981
 
Other assets
    
6,005
     
3,840
 
Total assets
   $
313,954
    $
286,543
 
Liabilities and stockholders' equity
 
 
 
 
 
 
 
 
Other liabilities
   $
82
    $
24
 
Total stockholders’ equity
    
313,872
     
286,519
 
Total liabilities and stockholders’ equity
   $
313,954
    $
286,543
 
 
Condensed Statements of Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Years ended December 31,
 
(in thousands)
 
2016
 
 
2015
 
 
2014
 
                         
                         
Income - dividends and interest from
subsidiaries
   $
16,147
    $
14,244
    $
3,300
 
Other income
    
1
     
15
     
183
 
Expenses
    
2,235
     
2,511
     
2,472
 
Income before income taxes and
equity in undistributed net income
of subsidiary
    
13,913
     
11,748
     
1,011
 
Income tax benefit
    
(987
 )    
(1,016
 )    
(1,018
 )
Income before equity in
undistributed net income of subsidiary
    
14,900
     
12,764
     
2,029
 
Equity in undistributed net income of
subsidiary
    
26,127
     
24,423
     
32,793
 
Net income
   $
41,027
    $
37,187
    $
34,822
 
 
 
Condensed Statements of Cash Flows
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Years ended December 31
 
(in thousands)
 
2016
 
 
2015
 
 
2014
 
                         
Operating activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income
   $
41,027
    $
37,187
    $
34,822
 
Adjustments to reconcile net income
to net cash provided by operating
activities:
                        
Equity in undistributed net
income of subsidiaries
    
(26,127
 )    
(24,423
 )    
(32,793
 )
(Increase) decrease in receivable from
subsidiaries
    
-
     
(842
 )    
2,514
 
Stock compensation expense
    
2,473
     
2,134
     
2,016
 
Excess tax benefits from share- based
compensation arrangements
    
(1,705
 )    
(673
 )    
(378
 )
Recover of impairment loss on other
assets held for investment
    
(588
 )    
-
     
-
 
Depreciation, amortization
and accretion, net
    
10
     
11
     
45
 
Decrease (increase) in other assets
    
(990
 )    
531
     
(179
 )
Increase in other liabilities
    
11
     
91
     
115
 
Net cash provided by operating activities
    
14,111
     
14,016
     
6,162
 
                         
Investing activities
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sale of other assets
held for investment
    
1,108
     
—
      
—
  
                         
Net cash provided by investing activities
    
1,108
     
—
      
—
  
                         
Financing activities
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from stock options
    
2,337
     
3,249
     
2,473
 
Excess tax benefit from share-based
compensation arrangements
    
1,705
     
673
     
378
 
Common stock repurchases
    
(1,918
 )    
(918
 )    
(616
 )
Cash dividends paid
    
(16,093
 )    
(14,224
 )    
(12,924
 )
                         
Net cash used in financing activities
    
(13,969
 )    
(11,220
 )    
(10,689
 )
                         
Net increase (decrease) in cash
    
1,250
     
2,796
     
(4,527
 )
Cash at beginning of year
    
5,722
     
2,926
     
7,453
 
                         
Cash at end of year
   $
6,972
    $
5,722
    $
2,926