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Note 24 - Stock Yards Bancorp, Inc. (Parent Company Only)
 12 Months Ended
Dec. 31, 2018
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)
  
201
8
    
201
7
  
                 
Assets
  
 
 
 
  
 
 
 
Cash on deposit with subsidiary bank
   $
7,655
     $
10,648
  
Investment in and receivable from subsidiaries
    
356,118
      
321,617
  
Other assets
    
3,147
      
1,521
  
                 
Total assets
   $
366,920
     $
333,786
  
                 
Liabilities and stockholders
’
equity
  
 
 
 
  
 
 
 
Other liabilities
   $
420
     $
142
  
                 
Total stockholders’ equity
    
366,500
      
333,644
  
                 
Total liabilities and stockholders
’
equity
   $
366,920
     $
333,786
  
 
 
 
Condensed Statements of Income
  
 
 
 
  
 
 
 
  
 
 
 
                         
   
Years ended December 31,
  
(In thousands)
  
201
8
    
201
7
    
201
6
  
                         
                         
Income - dividends and interest from subsidiaries
   $
21,403
     $
18,160
     $
16,147
  
Other income
    
12
      
82
      
1
  
Less expenses
    
4,818
      
3,255
      
2,235
  
Income before income taxes and equity in undistributed net income of subsidiary
    
16,597
      
14,987
      
13,913
  
Income tax benefit
    
(1,713
 )    
(1,985
 )    
(987
 )
Income before equity in undistributed net income of subsidiary
    
18,310
      
16,972
      
14,900
  
Equity in undistributed net income of subsidiary
    
37,207
      
21,071
      
26,127
  
Net income
    
55,517
      
38,043
      
41,027
  
                         
Comprehensive Income
   $
52,811
     $
37,612
     $
38,896
  
 
Condensed Statements of Cash Flows
  
 
 
 
  
 
 
 
  
 
 
 
                         
   
Years ended December 31
  
(In thousands)
  
201
8
    
201
7
    
201
6
  
Operating activities
  
 
 
 
  
 
 
 
  
 
 
 
Net income
   $
55,517
     $
38,043
     $
41,027
  
Adjustments to reconcile net income to net cash provided by operating activities:
                        
Equity in undistributed net income of subsidiaries
    
(37,207
 )    
(21,071
 )    
(26,127
 )
Gain on sale of fixed assets
    
(10
 )    
–
      
–
  
Stock compensation expense
    
4,027
      
2,892
      
2,473
  
Excess tax benefits from stock-based compensation arrangements
    
(549
 )    
(1,463
 )    
(1,705
 )
Recover of impairment loss on other assets held for investment
    
–
      
–
      
(588
 )
Depreciation, amortization and accretion, net
    
–
      
4
      
10
  
Proceeds from liquidation of private investment fund
    
–
      
(81
 )    
–
  
Decrease (increase) in other assets
    
(1,080
 )    
5,943
      
(990
 )
Increase in other liabilities
    
220
      
10
      
11
  
                         
Net cash provided by operating activities
    
20,918
      
24,277
      
14,111
  
                         
Investing activities
  
 
 
 
  
 
 
 
  
 
 
 
Proceeds from sale of other assets held for investment
    
–
      
–
      
1,108
  
Proceeds from sale of fixed assets
    
13
      
–
      
–
  
Proceeds from liquidation of private investment fund
    
–
      
81
      
–
  
                         
Net cash provided by investing activities
    
13
      
81
      
1,108
  
                         
Financing activities
  
 
 
 
  
 
 
 
  
 
 
 
Common stock repurchases
    
(2,004
 )    
(2,389
 )    
2,337
  
Excess tax benefit from stock-based compensation arrangements
    
–
      
–
      
1,705
  
Cash used for settlement of stock awards
    
(154
 )    
(216
 )    
(1,918
 )
Cash dividends paid
    
(21,766
 )    
(18,077
 )    
(16,093
 )
                         
Net cash used in financing activities
    
(23,924
 )    
(20,682
 )    
(13,969
 )
                         
Net increase (decrease) in cash
    
(2,993
 )    
3,676
      
1,250
  
Cash at beginning of year
    
10,648
      
6,972
      
5,722
  
                         
Cash at end of year
   $
7,655
     $
10,648
     $
6,972