Stock Yards Bancorp (SYBT) 8-K S.Y. Bancorp Reports Higher Second Quarter 2012 Net Income of $6.1 Million or $0.44 Per Diluted Share

Exhibit 99.1

S.Y. Bancorp Reports Higher Second Quarter 2012 Net Income of $6.1 Million or $0.44 Per Diluted Share

LOUISVILLE, Ky.--(BUSINESS WIRE)--July 18, 2012--S.Y. Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today reported earnings for the second quarter and first half of 2012. The following is a summary of the Company's reported results:

Quarter Ended June 30,	2012			2011			Change
Net income	$	6,103,000		$	5,997,000		2	%
Net income per share, diluted	$	0.44		$	0.43		2	%
Return on average equity		12.59	%		13.62	%
Return on average assets		1.20	%		1.24	%
Six Months Ended June 30,	2012			2011			Change
Net income	$	12,605,000		$	11,488,000		10	%
Net income per share, diluted	$	0.91		$	0.83		10	%
Return on average equity		13.14	%		13.26	%
Return on average assets		1.25	%		1.21	%

Commenting on the results, David Heintzman, Chairman and Chief Executive Officer, said, "In the second quarter, we were pleased that our company was able to deliver higher earnings and strong returns on assets and equity for our stockholders. In addition, we were gratified to see both loans and deposits show solid growth year-over-year, reflecting the strength of our banking operations, while our investment management and trust services department and mortgage lending operations contributed significantly to our quarterly results.

"Our successful second quarter continued to reflect in large measure the strength of our service-oriented banking operations across three diverse and resilient markets," Heintzman continued. "Loan and deposit growth improved as we recovered from a sluggish first quarter. Additionally, credit quality remained stable, with no significant growth in our watch list or levels of past due loans, leading to a decline in our quarterly loan loss provision to its lowest point in more than a year. Overall, we believe credit quality continues to stabilize.

"Outside of banking operations, our investment management and trust services department continued to grow in the second quarter," Heintzman added. "Accounting for almost 40% of our non-interest income for the second quarter of 2012, revenues from this department, excluding one-time executor fees, increased 3% compared with the prior-year quarter. With $1.85 billion in assets under management, this department continues to consistently rank among the top 150 trust departments in the nation based on revenue – providing our company with a line of products and services seldom found at typical community banks and further differentiating Stock Yards Bank & Trust in our markets. Additionally, our mortgage division had an impressive second quarter, continuing the momentum we saw in the first quarter. Its overall revenue more than doubled in the second quarter of 2012 compared with the year-earlier period."

Concluding, Heintzman said, "At the midway point in 2012, with higher earnings and continued growth on our balance sheet, we believe the Company is well positioned to build on its record of success thus far in 2012. The strength of our diverse markets, our products and our service lines, together with our strong capital base, provide key support for our efforts to enhance stockholder value and give us confidence in the Company's ability to deliver attractive financial results again this year."

During the past year, S.Y. Bancorp's total assets have increased $140.2 million or 7%, reaching $2.084 billion at June 30, 2012, compared with $1.943 billion at June 30, 2011. In that same time, the Company's loan portfolio increased $38.9 million or 3% to $1.578 billion at June 30, 2012, compared with $1.539 billion at June 30, 2011. Total deposits increased $131.9 million or 9% to $1.664 billion at June 30, 2012, from $1.532 billion at the end of the second quarter of 2011.

The Company's capital levels continued to strengthen during the second quarter of 2012 compared with the year-earlier period and remained well above those required to be considered "well-capitalized" under regulatory standards – the highest capital rating for financial institutions. The Company's Tier 1 leverage ratio, Tier 1 risk-based capital ratio and Total risk-based capital ratio were 14.20%, 12.94% and 10.86%, respectively, at June 30, 2012 – all exceeding required minimums of 10%, 6% and 5%, respectively, necessary to be deemed a well-capitalized institution. The ratio of tangible common equity to total tangible assets was 9.39% at June 30, 2012, 9.37% at March 31, 2012, and 9.17% as of June 30, 2011. See reconciliation of GAAP and non-GAAP measures later in this release. The Company intends to maintain capital ratios at historically high levels at least until such time as the economy demonstrates sustained improvement and implications of newly proposed Basel III capital rules become definitive.

Net interest income – the Company's largest source of revenue – increased $684,000 or 4% in the second quarter of 2012 to $18.3 million from $17.6 million in the year-earlier period. This increase reflected primarily the year-over-year growth in interest-earning assets. In the second quarter of 2012, net interest margin was 3.98%, down nine basis points from 4.07% in the first quarter of 2012, and eight basis points from 4.06% in the second quarter of 2011. Overall, the decline in net interest margin over the past year reflects the pressure of an ongoing low interest rate environment and a highly competitive loan market. Looking at linked quarters over the past year, the more significant fluctuations that have occurred reflected primarily the collection of prepayment fees in the first quarter of 2012 and the effect of non-accrual loans in the third quarter of 2011. For the first half of 2012, net interest income increased $1.9 million or 5% to $36.8 million from $34.9 million in the prior-year period. Net interest margin for the first half of 2012 decreased five basis points to 4.02% from 4.07% a year ago. The Company expects that net interest margin compression will continue in reaction to competitive pressures and until prevailing interest rates begin to rise.

Non-performing loans (NPLs) totaled $35.6 million or 2.25% of total loans outstanding at June 30, 2012, up from $29.1 million or 1.90% of total loans outstanding at March 31, 2012, and $17.5 million or 1.14% of period-end loans at June 30, 2011. The sequential quarterly increase reflected the migration to non-accrual status of a single development loan totaling $8.8 million, which has been classified for some time. Non-performing assets (NPAs), which include NPLs, other real estate owned (OREO) and repossessed assets, also increased to $42.6 million or 2.04% of total assets at June 30, 2012, from $37.6 million or 1.84% of total assets at March 31, 2012, and $24.7 million or 1.27% of total assets at June 30, 2011, reflecting the aforementioned increase in non-performing loans.

Net charge-offs in the second quarter of 2012 totaled $1.9 million or 0.12% of average loans. This compared with net charge-offs of $2.6 million or 0.17% of average loans in the first quarter of 2012 and $2.0 million or 0.13% of average loans in the year-earlier period.

The Company's loan loss provision for the second quarter of 2012 was $2.5 million, bringing the Company's allowance for loan losses to 2.01% of total loans as of June 30, 2012. This compared with $4.1 million and 2.04%, respectively, for the first quarter of 2012 and $2.6 million and 1.79%, respectively, for the second quarter of 2011. The decline in the loan loss provision on a sequential-quarter basis, in spite of the rise in NPLs, reflects the Company's ongoing efforts to identify risk in its portfolio early. In this case, the aforementioned loan that migrated to non-performing status in the second quarter of 2012 had been classified for several quarters and, accordingly, already had an allocation established based on the Company's allowance methodology that approximated the specific allowance allocation. Overall, management believes that the pace of loan downgrades is slowing and some upgrades are occurring. The challenge ahead will be problem loan resolution.

Although some business conditions continue to signal signs of a recovery, the Company remains uncertain as to when the economy will begin to strengthen on a sustained and consistent basis. The prolonged economic downturn continues to create credit fatigue among traditionally solid and stable borrowers and presents a risk of involving additional customers until such time as the real estate market and overall business conditions demonstrate consistent improvements. Added to this, there is now an increased level of uncertainty regarding the global economy and how events and circumstances in Europe, Asia and elsewhere may affect the United States. Accordingly, S.Y. Bancorp intends to remain cautious in assessing the potential risk in its loan portfolio. The Company expects the allowance for loan losses and other credit costs to remain at high levels compared with pre-recession amounts until there are clearer signs of continued economic recovery and, thus, a more reliable indication of reduced overall credit risk. Still, while NPLs and NPAs are well above the Company's historic range for these metrics, they have continued to trend significantly better than those of $1-to-$2.5 billion publicly traded banks, which as of March 31, 2012, (second quarter peer data is not yet available) posted average NPLs and NPAs of 3.79% and 4.29%, respectively, according to a leading source for industry data.

Non-interest income increased $1.1 million or 14% to $9.3 million in the second quarter of 2012 compared with $8.2 million in the same quarter last year. The increase primarily reflected increased gains on sales of mortgage loans, higher brokerage fees and commissions, and increased fee income related to mortgage production. The prior-year quarter was negatively affected by a non-recurring loss from an investment in a domestic private investment fund in the second quarter of 2011. Non-interest income increased $2.4 million or 15% to $18.5 million in the first half of 2012 compared with $16.2 million in the same period last year. The increase primarily reflected the previously mentioned trends and also included a gain in the first quarter of 2012 on an investment in a domestic private investment fund that totaled approximately $400,000, which added approximately $0.03 to net income per diluted share for the first six months of 2012.

Non-interest expense increased $1.8 million or 12% to $16.5 million in the second quarter of 2012 from $14.7 million in the same period last year. The increase in non-interest expense was due primarily to higher personnel costs, reflecting staffing additions across the Company's operations – proactively building for future growth – and normal salary increases, increased data processing costs and higher occupancy expenses related to the Company's operations center and a new branch that opened in February 2012 in the Indianapolis market. In addition, the Company experienced increased OREO maintenance costs and write-downs, along with higher professional fees, advertising and mailing costs. Non-interest expense increased $1.7 million or 6% to $31.2 million for the first six months of 2012 from $29.6 million in the same period last year. The same factors as above, partially offset by a reduction in FDIC insurance expense in the year-earlier period, accounted for the increase in non-interest expense in the first half of 2012. Reflecting higher costs, the Company's second quarter efficiency ratio was 59.05% compared with 56.29% in the second quarter of 2011.

In May 2012, S.Y. Bancorp's Board of Directors declared its regular quarterly cash dividend of $0.19 per common share. The latest dividend was distributed on July 2, 2012, to stockholders of record as of June 11, 2012.

Louisville, Kentucky-based S.Y. Bancorp, Inc., with $2.1 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company's common shares trade on the NASDAQ Global Select Market under the symbol SYBT. The trust preferred securities of S.Y. Bancorp Capital Trust II also trade on the NASDAQ Global Select Market under the symbol SYBTP.

This report contains forward-looking statements under the Private Securities Litigation Reform Act that involve risks and uncertainties. Although the Company's management believes the assumptions underlying the forward-looking statements contained herein are reasonable, any of these assumptions could be inaccurate. Therefore, there can be no assurance the forward-looking statements included herein will prove to be accurate. Factors that could cause actual results to differ from those discussed in forward-looking statements include, but are not limited to: economic conditions both generally and more specifically in the markets in which the Company and its subsidiaries operate; competition for the Company's customers from other providers of financial services; government legislation and regulation, which change from time to time and over which the Company has no control; changes in interest rates; material unforeseen changes in liquidity, results of operations, or financial condition of the Company's customers; and other risks detailed in the Company's filings with the Securities and Exchange Commission, all of which are difficult to predict and many of which are beyond the control of the Company.

The following table provides a reconciliation of total stockholders' equity in accordance with GAAP to tangible common equity in accordance with applicable regulatory requirements. The Company provides the tangible common equity ratio, in addition to those defined by banking regulators, because of its widespread use by investors as a means to evaluate capital adequacy.

S.Y. Bancorp, Inc. Tangible Common Equity Ratio (Amounts in thousands)
	June 30, 2012			March 31, 2012			June 30, 2011
Tangible Common Equity Ratio
Total stockholders' equity (a)	$	196,302		$	191,823		$	178,825
Less goodwill		(682	)		(682	)		(682	)
Tangible common equity (c)	$	195,620		$	191,141		$	178,143
Total assets (b)	$	2,083,628		$	2,040,589		$	1,943,384
Less goodwill		(682	)		(682	)		(682	)
Tangible assets (d)	$	2,082,946		$	2,039,907		$	1,942,702
Total stockholders' equity to total assets (a/b)		9.42	%		9.40	%		9.20	%
Tangible common equity ratio (c/d)		9.39	%		9.37	%		9.17	%

S.Y. Bancorp, Inc. Financial Information (unaudited)
Second Quarter 2012 Earnings Release
(In thousands unless otherwise noted)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Income Statement Data
Net interest income, fully tax equivalent (1)	$	18,667	$	18,005	$	37,588	$	35,714
Interest income
Loans	$	19,473	$	19,875	$	39,353	$	39,475
Federal funds sold		62		49		134		95
Mortgage loans held for sale		56		34		119		97
Securities		1,772		1,608		3,569		3,187
Total interest income		21,363		21,566		43,175		42,854
Interest expense
Deposits		1,881		2,654		3,927		5,325
Securities sold under agreements to repurchase		43		64		92		131
Federal funds purchased		8		10		16		23
Federal Home Loan Bank advances		364		364		727		725
Subordinated debentures		772		863		1,568		1,724
Total interest expense		3,068		3,955		6,330		7,928
Net interest income		18,295		17,611		36,845		34,926
Provision for loan losses		2,475		2,600		6,550		5,400
Net interest income after provision for loan losses		15,820		15,011		30,295		29,526
Non-interest income
Investment management and trust income		3,670		3,661		7,160		7,198
Service charges on deposit accounts		2,125		2,034		4,180		3,958
Bankcard transaction revenue		1,017		960		1,982		1,837
Gains on sales of mortgage loans held for sale		866		441		1,605		823
Brokerage commissions and fees		652		530		1,193		1,043
Bank owned life insurance		260		255		517		504
Other non-interest income		700		271		1,898		794
Total non-interest income		9,290		8,152		18,535		16,157
Non-interest expense
Salaries and employee benefits expense		9,426		8,648		18,478		17,048
Net occupancy expense		1,464		1,357		2,833		2,587
Data processing expense		1,522		1,346		2,835		2,483
Furniture and equipment expense		326		337		618		692
FDIC insurance expense		346		339		697		960
(Gain) loss on other real estate owned		233		39		208		409
Other non-interest expenses		3,191		2,659		5,575		5,373
Total non-interest expense		16,508		14,725		31,244		29,552
Net income before income tax expense		8,602		8,438		17,586		16,131
Income tax expense		2,499		2,441		4,981		4,643
Net income	$	6,103	$	5,997	$	12,605	$	11,488
Weighted average shares - basic		13,874		13,789		13,859		13,768
Weighted average shares - diluted		13,941		13,879		13,916		13,857
Net income per share, basic	$	0.44	$	0.43	$	0.91	$	0.83
Net income per share, diluted		0.44		0.43		0.91		0.83
Cash dividend declared per share		0.19		0.18		0.38		0.36
Balance Sheet Data (at period end)
Total loans					$	1,577,826	$	1,538,950
Allowance for loan losses						31,773		27,564
Total assets						2,083,628		1,943,384
Non-interest bearing deposits						341,128		266,745
Interest bearing deposits						1,323,161		1,265,626
Federal home loan bank advances						60,426		60,437
Subordinated debentures						30,900		40,900
Stockholders' equity						196,302		178,825
Total shares outstanding						13,878		13,799
Book value per share						14.14		12.96
Market value per share						23.95		23.25

S.Y. Bancorp, Inc. Financial Information (unaudited)
Second Quarter 2012 Earnings Release
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Average Balance Sheet Data
Average federal funds sold	$	84,957		$	68,120		$	89,341		$	65,422
Average investment securities		271,550			214,025			264,607			215,915
Average loans		1,554,840			1,529,039			1,549,309			1,518,366
Average earning assets (3)		1,885,727			1,780,194			1,878,023			1,769,504
Average assets		2,037,921			1,932,317			2,029,981			1,921,652
Average interest bearing deposits		1,300,307			1,260,271			1,296,996			1,253,007
Average total deposits		1,626,024			1,527,510			1,617,917			1,518,387
Average securities sold under agreement to repurchase		57,930			58,044			60,330			55,912
Average federal funds purchased		21,863			21,927			20,447			23,480
Average short-term borrowings		-			1,154			-			1,182
Average long-term debt		91,326			101,338			92,482			101,339
Average interest bearing liabilities		1,471,426			1,442,734			1,470,255			1,434,920
Average stockholders' equity		194,947			176,579			192,918			174,763
Performance Ratios
Annualized return on average assets		1.20	%		1.24	%		1.25	%		1.21	%
Annualized return on average equity		12.59	%		13.62	%		13.14	%		13.26	%
Net interest margin, fully tax equivalent (3)		3.98	%		3.98	%		4.02	%		3.99	%
Non-interest income to total revenue, fully
tax equivalent		33.23	%		31.17	%		33.03	%		31.15	%
Efficiency ratio		59.05	%		56.29	%		55.67	%		56.97	%
Capital Ratios
Average stockholders' equity to average assets		9.57	%		9.14	%		9.50	%		9.09	%
Tier 1 risk-based capital								12.94	%		12.26	%
Total risk-based capital								14.20	%		14.12	%
Leverage								10.86	%		10.55	%
Loans by Type
Commercial and industrial							$	417,112		$	365,008
Construction and development								139,328			158,412
Real estate mortgage - commercial investment								420,499			382,753
Real estate mortgage - owner occupied commercial								300,911			313,531
Real estate mortgage - 1-4 family residential								154,927			159,320
Home equity - first lien								37,902			38,376
Home equity - junior lien								71,408			83,880
Consumer								35,739			37,670
Asset Quality Data
Allowance for loan losses to total loans								2.01	%		1.79	%
Allowance for loan losses to average loans		2.04	%		1.80	%		2.05	%		1.82	%
Allowance for loan losses to non-performing loans								89.35	%		157.66	%
Nonaccrual loans							$	27,907		$	15,570
Troubled debt restructuring								7,541			250
Loans - 90 days past due & still accruing								112			1,663
Total non-performing loans								35,560			17,483
OREO and repossessed assets								7,041			7,187
Total non-performing assets								42,601			24,670
Non-performing loans to total loans								2.25	%		1.14	%
Non-performing assets to total assets								2.04	%		1.27	%
Net charge-offs to average loans (2)		0.12	%		0.13	%		0.29	%		0.22	%
Net charge-offs	$	1,908		$	1,992		$	4,522		$	3,379
Other Information
Total assets under management (in millions)							$	1,848		$	1,809
Full-time equivalent employees								482			466

S.Y. Bancorp, Inc. Financial Information (unaudited)
Second Quarter 2012 Earnings Release
	Five Quarter Comparison
	6/30/12		3/31/12			12/31/11		9/30/11			6/30/11
Income Statement Data
Net interest income, fully tax equivalent (1)	$	18,667	$	18,921		$	18,388	$	18,160		$	18,005
Net interest income	$	18,295	$	18,550		$	18,016	$	17,790		$	17,611
Provision for loan losses		2,475		4,075			3,100		4,100			2,600
Net interest income after provision for loan losses		15,820		14,475			14,916		13,690			15,011
Investment management and trust income		3,670		3,490			3,296		3,347			3,661
Service charges on deposit accounts		2,125		2,055			2,223		2,167			2,034
Bankcard transaction revenue		1,017		965			940		945			960
Gains on sales of mortgage loans held for sale		866		739			725		574			441
Brokerage commissions and fees		652		541			606		570			530
Bank owned life insurance		260		257			258		257			255
Other non-interest income		700		1,198			1,181		(2	)		271
Total non-interest income		9,290		9,245			9,229		7,858			8,152
Salaries and employee benefits expense		9,426		9,052			8,549		7,528			8,648
Net occupancy expense		1,464		1,369			1,291		1,314			1,357
Data processing expense		1,522		1,313			1,248		1,283			1,346
Furniture and equipment expense		326		292			301		306			337
FDIC Insurance expense		346		351			356		339			339
Loss (gain) on other real estate owned		233		(25	)		1,301		6			39
Other non-interest expenses		3,191		2,384			3,681		2,526			2,659
Total non-interest expense		16,508		14,736			16,727		13,302			14,725
Net income before income tax expense		8,602		8,984			7,418		8,246			8,438
Income tax expense		2,499		2,482			1,076		2,472			2,441
Net income	$	6,103	$	6,502		$	6,342	$	5,774		$	5,997
Weighted average shares - basic		13,874		13,844			13,808		13,799			13,789
Weighted average shares - diluted		13,941		13,890			13,834		13,838			13,879
Net income per share, basic	$	0.44	$	0.47		$	0.46	$	0.42		$	0.43
Net income per share, diluted		0.44		0.47			0.46		0.42			0.43
Cash dividend declared per share		0.19		0.19			0.18		0.18			0.18
Balance Sheet Data (at period end)
Total loans	$	1,577,826	$	1,531,740		$	1,544,845	$	1,539,055		$	1,538,950
Allowance for loan losses		31,773		31,206			29,745		29,066			27,564
Total assets		2,083,628		2,040,589			2,053,097		1,987,954			1,943,384
Non-interest bearing deposits		341,128		328,575			313,587		285,265			266,745
Interest bearing deposits		1,323,161		1,298,742			1,304,152		1,291,295			1,265,626
Federal home loan bank advances		60,426		60,428			60,431		60,434			60,437
Subordinated debentures		30,900		30,900			40,900		40,900			40,900
Stockholders' equity		196,302		191,823			187,686		183,553			178,825
Total shares outstanding		13,878		13,872			13,819		13,801			13,799
Book value per share		14.14		13.83			13.58		13.30			12.96
Market value per share		23.95		23.20			20.53		18.62			23.25

S.Y. Bancorp, Inc. Financial Information (unaudited)
Second Quarter 2012 Earnings Release
	Five Quarter Comparison
	6/30/12			3/31/12			12/31/11			9/30/11			6/30/11
Average Balance Sheet Data
Average loans	$	1,554,840		$	1,543,778		$	1,539,227		$	1,541,899		$	1,529,039
Average assets		2,037,921			2,022,040			2,015,486			1,978,408			1,932,317
Average earning assets (3)		1,885,727			1,870,318			1,864,616			1,831,262			1,780,194
Average total deposits		1,626,024			1,609,810			1,597,461			1,563,580			1,527,510
Average long-term debt		91,326			93,637			101,332			101,335			101,338
Average interest bearing liabilities		1,471,426			1,469,083			1,483,574			1,473,340			1,442,734
Average stockholders' equity		194,947			190,888			186,935			181,933			176,579
Performance Ratios
Annualized return on average assets		1.20	%		1.29	%		1.25	%		1.16	%		1.24	%
Annualized return on average equity		12.59	%		13.70	%		13.46	%		12.59	%		13.62	%
Net interest margin, fully tax equivalent (3)		3.98	%		4.07	%		3.91	%		3.93	%		4.06	%
Non-interest income to total revenue, fully
tax equivalent		33.23	%		32.82	%		33.42	%		30.20	%		31.17	%
Efficiency ratio		59.05	%		52.32	%		60.57	%		51.13	%		56.29	%
Capital Ratios
Average stockholders' equity to average assets		9.57	%		9.44	%		9.27	%		9.20	%		9.14	%
Tier 1 risk-based capital		12.94	%		13.13	%		12.77	%		12.56	%		12.26	%
Total risk-based capital		14.20	%		14.39	%		14.63	%		14.43	%		14.12	%
Leverage		10.86	%		10.71	%		10.53	%		10.50	%		10.55	%
Loans by Type
Commercial and industrial	$	417,112		$	371,430		$	393,729		$	381,644		$	365,008
Construction and development		139,328			143,337			147,637			152,891			158,412
Real estate mortgage - commercial investment		420,499			413,182			399,655			362,498			382,753
Real estate mortgage - owner occupied commercial		300,911			300,203			297,121			328,893			313,531
Real estate mortgage - 1-4 family residential		154,927			155,185			154,565			158,594			159,320
Home equity - 1st lien		37,902			37,746			38,637			38,766			38,376
Home equity - junior lien		71,408			74,688			76,687			81,143			83,880
Consumer		35,739			35,969			36,814			34,626			37,670
Asset Quality Data
Allowance for loan losses to total loans		2.01	%		2.04	%		1.93	%		1.89	%		1.79	%
Allowance for loan losses to average loans		2.04	%		2.02	%		1.93	%		1.89	%		1.80	%
Allowance for loan losses to non-performing loans		89.35	%		107.35	%		127.67	%		104.20	%		157.66	%
Nonaccrual loans	$	27,907		$	19,232		$	18,737		$	22,673		$	15,570
Troubled debt restructuring		7,541			9,443			3,402			3,931			250
Loans - 90 days past due & still accruing		112			394			1,160			1,290			1,663
Total non-performing loans		35,560			29,069			23,299			27,894			17,483
OREO and repossessed assets		7,041			8,550			7,773			8,165			7,187
Total non-performing assets		42,601			37,619			31,072			36,059			24,670
Non-performing loans to total loans		2.25	%		1.90	%		1.51	%		1.81	%		1.14	%
Non-performing assets to total assets		2.04	%		1.84	%		1.51	%		1.81	%		1.27	%
Net charge-offs to average loans (2)		0.12	%		0.17	%		0.16	%		0.17	%		0.13	%
Net charge-offs	$	1,908		$	2,614		$	2,421		$	2,598		$	1,992
Other Information
Total assets under management (in millions)	$	1,848		$	1,839		$	1,741		$	1,722		$	1,809
Full-time equivalent employees		482			480			480			468			466
(1) - Interest income on a fully tax equivalent basis includes the additional amount of interest income that would have been earned if investments in certain tax-exempt interest earning assets had been made in assets subject to federal, state and local taxes yielding the same after-tax income.
(2) - Interim ratios not annualized
(3) - Certain prior-period amounts have been reclassified to conform with current presentation.

CONTACT:
S.Y. Bancorp, Inc.
Nancy B. Davis, 502-625-9176
Executive Vice President, Treasurer and Chief Financial Officer