This presentation contains forward-looking statements about future financial performance, business plans and strategies of Stock Yards Bancorp, Inc. Because forward- looking statements involve risks and uncertainties, actual results may differ materially from those expressed or implied. We caution investors not to place undue reliance on these forward-looking statements and advise them to carefully review the risk factors described in documents that the Company files with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
2
COVID-19 pandemic
Generally followed our Pandemic Plan that was in place and updated in November 2019
Geographically diversified our key operational teams by dividing them and having them work from different locations
Identified at risk employees and immediately arranged for them to work from home
Altered branch delivery channel by closing branch lobbies except by appointment and handled all transactions through the drive-up under normal operating hours
Continued to relocate staff to alternate sites and homes
Utilizing all customer communication methods we encouraged customers to utilize the bank's online, mobile, and telephone services, as well as night drops, ITM's, and ATM's
Provided consistent communication to employees all things COVID-19, including guidance on hygiene and social distancing
Supplied all employees with hand sanitizer, sanitizing wipes, gloves, and masks
3
Customer segment profiles affected by COVID-19
Industry
Total exposure
% of gross loans
Recreation / entertainment
$56 million
2.0%
Restaurant / bar
$30 million
1.0%
Travel related
$24 million
0.8%
Investment Commercial Real
Total exposure
% of gross loans
Estate
Shopping center
$58 million
2.0%
Lodging / hotel
$62 million
2.2%
Nursing homes / residential care
$50 million
1.8%
Industry segments based on following criteria:
Implementation of corporate travel restrictions coupled with decline in leisure travel
Cancellation of events of all types and sizes
State mandated closures including elective medical treatments and retail establishments
Residents within nursing homes/assisted living centers are deemed an "at-risk population"
4
SBA Payroll Protection Plan
As of June 30, 2020
3,250 SBA payroll protection plan loans originated
$647 million total
$20.0 million in origination fees received
338 new clients with $85 million in PPP loans
$28 million new credits already approved
5
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Stock Yards Bancorp Inc. published this content on 05 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 12:06:06 UTC.
Stock Yards Bancorp, Inc. is engaged in the business of banking through its subsidiaries, Stock Yards Bank & Trust Company (the Bank). The Company has two segments: Commercial Banking, and WM&T. Commercial Banking segment provides a full range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, international banking, correspondent banking, and other banking services. The Bank also offers securities brokerage services via its banking center network through an arrangement with a third-party broker-dealer in the Commercial Banking segment. WM&T segment provides investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations in all markets in which it operates.
STOCK YARDS BANCORP, INC. 
