Additionally, Philip Poindexter (age 42), formerly Stock Yards Bank's Executive Vice President and Director of Commercial Lending, has been promoted to the newly created position of Chief Lending Officer. Poindexter will directly oversee the Company's commercial and private banking activities for Louisville, Cincinnati and Indianapolis, as well as small business lending, treasury and international services.

Commenting on the announcement, Heintzman said, "I am pleased to announce the progression of these two officers within our management ranks. These promotions recognize not only the hard work of these individuals and their dedication to our company and client base, but also the extraordinary talent and skill they bring to their new positions. I congratulate Ja and Phil and commend them for their accomplishments."

"We have witnessed much growth and progress at S.Y. Bancorp since 2005, when I assumed the position of President along with my succession to Chairman and Chief Executive Officer," Heintzman continued. "The Company has solidified its presence in Indianapolis, much to Ja's credit, and has established operations in our newest market in Cincinnati. Along with our expanding operational footprint, total assets have increased to almost $1.6 billion, so it is clear to me that the time is right to separate the role of President. Such a move allows greater focus on our day-to-day banking operations by Ja, a proven leader in our organization, concurrent with the strong leadership that Senior Executive Vice President Kathy Thompson continues to provide at our flagship trust operations, Stock Yards Trust Company, one of our state's largest bank-owned trust companies. As a result, this new structure permits me to place greater emphasis on the operational and financial aspects of our business, along with an increased focus on strategic matters that will shape our long-term future."

Hillebrand, with 20 years of banking experience spanning the areas of private banking, commercial lending and retail banking, is a Louisville native and a graduate of Bellarmine University. He began his career with PNC Bank in 1988 before joining Jefferson Banking Company, now BB&T, in 1994.

Poindexter, who joined S.Y. Bancorp in 2004, began his banking career in 1989 as a commercial lender for NCNB Bank (now Bank of America) in South Florida. In 1992, he began working for PNC Bank in Louisville as a corporate banker. He then moved to Jefferson Banking Company, now BB&T, in 1994 and most recently served as City Executive for BB&T, managing all commercial banking functions for the Louisville region. Poindexter, also a Louisville native, graduated from Indiana University.

Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.596 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.

This release 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.

SOURCE: S.Y. Bancorp, Inc.

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

Commenting on the Company's progress, David Heintzman, Chairman and Chief Executive Officer, said, "It is gratifying that, in the face of difficult economic conditions, S.Y. Bancorp has continued to demonstrate sound long-term fundamentals, most notably signified by robust loan growth. Despite national economic trends, our asset quality has remained strong. All of these factors bode well for the Company's fundamental performance in the future and serve to counter the near-term impact of our expansion to new markets, which has placed additional pressure on earnings as these newer offices continue to gain momentum."

Heintzman pointed out that in the fourth quarter of 2007, the Company opened a second office in Indianapolis and entered the Cincinnati market with one new office there. Expenses for those offices were in the process of ramping up in the second half of 2007 in terms of personnel and office space, and those expenses only reached normalized operating levels beginning in 2008. While these expansion initiatives contributed to the Company's loan growth in the second quarter, their start-up expenses also weighed on Company's second quarter earnings as the breakeven point for new offices is usually 18 months or more.

Heintzman noted that recent weakness in the broader stock market has hurt one important area of non-interest income for the Company. Income from investment management and trust services, which constitutes the single largest component of non-interest income, has been virtually flat in 2008 compared with average double-digit increases in the last several years. While assets under management declined slightly to $1.536 billion at June 30, 2008, growth from net new accounts was nearly $50 million or double that of second quarter 2007.

Concluding, Heintzman said, "Recent capital management strategies, primarily focused on stock repurchases, resulted in higher earnings per share for the second quarter of 2008 versus the year-earlier period despite slightly lower net income for the period. Although we are pleased with our progress in many aspects of our business, we remain cautious about the near term, knowing that current economic pressures will continue to have an impact on already fluid conditions in the housing and credit markets. We believe the Company's second quarter performance was solid given these conditions, showing the fundamental strength and diversity of our business and markets, and we remain confident in our strategies to drive top- and bottom-line growth over the longer term."

S.Y. Bancorp's total assets increased 12% to $1.596 billion at June 30, 2008, from $1.425 billion at June 30, 2007, and were up 5% from $1.517 billion at March 31, 2008. The year-over-year change in total assets was driven by strong growth in the Company's loan portfolio, which rose 14% to $1.321 billion at June 30, 2008, from $1.163 billion at June 30, 2007, and 2% versus $1.290 billion at March 31, 2008. Deposits increased 16% to $1.263 billion at June 30, 2008, compared with $1.085 billion a year ago, and were up 10% from $1.148 billion at the end of the first quarter of 2008, with increases largely reflecting higher time deposits.

Net interest income, the Company's largest source of revenue, increased $795,000 or 6% in the second quarter of 2008 compared with the year-earlier period, reflecting primarily the impact of the Company's growing loan portfolio. Net interest margin for the second quarter declined 19 basis points year over year to 4.07% from 4.26% in the second quarter of 2007, but improved 12 basis points from 3.95% in the first quarter of the year. While the net interest margin expanded sequentially from the first quarter of 2008, management expects that strong competition for deposits used to fund loan growth will put pressure on margins in upcoming quarters. For the first half of 2008, net interest income increased $642,000 or 2% versus the same period last year, primarily because of strong loan growth, which offset pressure on net interest margin in the wake of recent rate cuts by the Federal Reserve together with competitive factors. For the first six months of 2008, the Company's net interest margin was 4.01% compared with 4.24% in the year-earlier period.

Non-performing loans for the second quarter increased to $5,481,000 from $4,769,000 in the second quarter of 2007, and, on a linked-quarter basis, increased from $4,589,000 in the first quarter of 2008. However, the ratio of non-performing loans to total loans was 0.42% in the second quarter of 2008, compared with 0.41% in the second quarter of last year, and up slightly from 0.36% in the first quarter of 2008. Despite the sequential quarterly increase in non-performing loans, non-performing loans to total loans, at 0.42%, remains below the average for the past five years. Also, net charge-offs totaled $616,000 in the second quarter of 2008, or 0.05% of average loans in the second quarter of 2008, which was unchanged from both the year-earlier quarter and the first quarter of 2008. Further, loans past due less than 90 days fell in the second quarter of 2008 compared with the first quarter of 2008.

The Company's allowance for loan losses was 1.09% of total loans at June 30, 2008, up from 1.04% at June 30, 2007, but unchanged from 1.09% at March 31, 2008. For the second quarter of 2008, the loan loss provision totaled $975,000 versus $460,000 in the year-earlier period. For the first six months of 2008, the loan loss provision totaled $2,200,000 versus $1,240,000 in the first half of 2007.

Non-interest income declined $57,000 or 1% in the second quarter compared with the same quarter last year, primarily due to lower investment management and trust income, which fell $100,000 or 3% during the quarter; reduced service charge income, which declined $87,000 or 4%; and lower gains on sales of mortgage loans, which were down $40,000 or 10%. These declines were partially offset by higher bankcard transaction revenue, which rose $101,000 or 17% for the quarter. Non-interest income increased $137,000 or 1% in the first half of 2008 compared with the year-earlier period, primarily reflecting a slowdown in service charge income and management and trust income.

Non-interest expense increased $817,000 or 7% in the second quarter of 2008 versus the same period last year. Higher non-interest expense for the quarter was due primarily to an increase of $735,000 or 11% in salaries and employee benefits, in part reflecting staffing costs for a second banking location in the Indianapolis market and a new banking office in the Cincinnati market, both opened since the first quarter last year, along with an associated increase of $106,000 in net occupancy expense. These increases were offset somewhat by a decline of $155,000 in data processing expenses. Non-interest expense rose $1,386,000 or 6% in the first half of 2008 compared with the year-earlier period primarily due to salaries and employee benefits.

The Company's second quarter efficiency ratio was 55.19% compared with 53.22% in the second quarter of 2007 and 57.26% in the first quarter of 2008.

In May, S.Y. Bancorp's Board of Directors declared its regular quarterly cash dividend of $0.17 per share. The latest dividend was distributed on July 1, 2008, to stockholders of record as of June 16, 2008. During the second quarter of 2008, S.Y. Bancorp made no repurchases of its common stock, choosing instead to use its capital to support loan growth. The Company has remaining authorization to purchase up to 163,000 shares under the current plan, which will expire in November 2008 unless otherwise extended or completed at an earlier date.

Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.596 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.

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.

                          S.Y. Bancorp, Inc.
               Summary Unaudited Financial Information
               (in thousands except per share amounts)

                            Second Quarter Ended   Six Months Ended
                                  June 30,             June 30,
                            -------------------- ---------------------
                                2008     2007       2008       2007
                            --------- ---------- ---------- ----------
Interest income               $21,436 $   22,815 $   43,314 $   45,421
Interest expense                7,062      9,236     15,679     18,428
                            --------- ---------- ---------- ----------
Net interest income            14,374     13,579     27,635     26,993
Provision for loan losses         975        460      2,200      1,240
                            --------- ---------- ---------- ----------
Net interest income after
 provision for loan losses     13,399     13,119     25,435     25,753
Non-interest income             7,667      7,724     15,017     14,880
Non-interest expense           12,301     11,484     24,244     22,858
                            --------- ---------- ---------- ----------
Net income before income
 taxes                          8,765      9,359     16,208     17,775
Income tax expense              2,636      3,062      5,041      5,774
                            --------- ---------- ---------- ----------
Net income                    $ 6,129 $    6,297 $   11,167 $   12,001
                            ========= ========== ========== ==========
Net income per share:
  Basic                       $  0.46 $     0.44 $     0.83 $     0.84
                            ========= ========== ========== ==========
  Diluted                     $  0.45 $     0.43 $     0.82 $     0.82
                            ========= ========== ========== ==========
Weighted average shares
 outstanding:
  Basic                        13,409     14,325     13,431     14,357
                            ========= ========== ========== ==========
  Diluted                      13,584     14,536     13,598     14,588
                            ========= ========== ========== ==========

                                       June 30,   Dec. 31,  June 30,
                                         2008       2007       2007
                                      ---------- ---------- ----------
Total assets                          $1,596,320 $1,482,219 $1,425,299
Total loans                            1,320,509  1,201,938  1,162,906
Non-interest-bearing
 deposits                                182,580    170,477    184,000
Interest-bearing deposits              1,080,752    936,230    901,316
                                      ---------- ---------- ----------
  Total deposits                       1,263,332  1,106,707  1,085,316
Stockholders' equity                     134,848    133,024    141,888
Book value per share                       10.05       9.78       9.92

Unaudited supplemental financial information for the second quarter and six months ended June 30, 2008 and 2007, appears on the following pages.

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2008 Earnings Release
(all figures other than per share amounts and number of employees are
 expressed in thousands unless otherwise noted)

                           Second Quarter Ended    Six Months Ended
                                 June 30,              June 30,
                           -------------------- ----------------------
                                 2008     2007     2008        2007
                           -----------  ------- ----------  ----------
Income Statement Data
Net interest income,
 fully tax equivalent
 (1)                           $14,621  $13,856 $   28,129  $   27,553
                           ===========  ======= ==========  ==========
Net interest income            $14,374  $13,579 $   27,635  $   26,993
Provision for loan
 losses                            975      460      2,200       1,240
                           -----------  ------- ----------  ----------
Net interest income after
 provision for loan
 losses                         13,399   13,119     25,435      25,753
                           -----------  ------- ----------  ----------
Gain on the sale of
 securities                          -        -          -           -
Investment management
 and trust income                3,236    3,336      6,515       6,533
Service charges on
 deposit accounts                2,117    2,204      4,109       4,222
Bankcard transaction
 revenue                           691      590      1,312       1,132
Gains on sales of
 mortgage loans held for
 sale                              351      391        694         647
Brokerage commissions
 and fees                          444      452        885         945
Bank owned life
 insurance                         258      247        510         483
Other non-interest
 income                            570      504        992         918
                           ------------ ------- ----------- ----------
Total non-interest
 income                          7,667    7,724     15,017      14,880
                           ------------ ------- ----------- ----------
Salaries and employee
 benefits expense                7,367    6,632     14,555      13,239
Net occupancy expense            1,036      930      2,045       1,820
Data processing expense            896    1,051      1,648       2,066
Furniture and equipment
 expense                           276      290        552         582
State bank taxes                   314      311        654         489
Other non-interest
 expenses                        2,412    2,270      4,790       4,662
                           -----------  ------- ----------  ----------
Total non-interest
 expense                        12,301   11,484     24,244      22,858
                           -----------  ------- ----------  ----------
Net income before income
 tax expense                     8,765    9,359     16,208      17,775
Income tax expense               2,636    3,062      5,041       5,774
                           -----------  ------- ----------  ----------
Net income                     $ 6,129  $ 6,297 $   11,167  $   12,001
                           ===========  ======= ==========  ==========

Weighted average shares
 - basic                        13,409   14,325     13,431      14,357
Weighted average shares
 - diluted                      13,584   14,536     13,598      14,588

Basic earnings per share       $  0.46  $  0.44 $     0.83  $     0.84
Diluted earnings per
 share                            0.45     0.43       0.82        0.82
Cash dividend declared
 per share                        0.17     0.16       0.34        0.31

Balance Sheet Data (at
 period end)
Total loans                                     $1,320,509  $1,162,906
Allowance for loan
 losses                                             14,456      12,065
Total assets                                     1,596,320   1,425,299
Non-interest bearing
 deposits                                          182,580     184,000
Interest bearing
 deposits                                        1,080,752     901,316
Federal home loan bank
 advances                                           90,000      70,000
Subordinated debentures                                 60          90
Stockholders' equity                               134,848     141,888
Total shares outstanding                            13,424      14,298
Book value per share                                 10.05        9.92
Market value per share                               21.36       23.76

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2008 Earnings Release


                        Second Quarter Ended      Six Months Ended
                              June 30,                June 30,
                       ----------------------- -----------------------
                          2008        2007        2008        2007
                       ----------- ----------- ----------- -----------
Average Balance
 Sheet Data
Average loans          $1,308,304  $1,160,064  $1,271,745  $1,151,437
Average assets          1,536,473   1,401,020   1,503,313   1,403,910
Average earning
 assets                 1,443,187   1,304,508   1,409,710   1,309,397
Average deposits        1,187,325   1,075,459   1,152,600   1,086,489
Average long-term
 debt                      91,379      60,420      90,721      58,218
Average interest
 bearing liabilities    1,195,756   1,048,552   1,168,069   1,056,183
Average
 stockholders'
 equity                   134,696     141,133     133,298     140,252

Performance Ratios
Annualized return on
 average assets              1.60%       1.80%       1.49%       1.72%
Annualized return on
 average equity             18.30%      17.90%      16.85%      17.26%
Net interest margin,
 fully tax
 equivalent                  4.07%       4.26%       4.01%       4.24%
Non-interest income
 to total revenue,
 fully tax
 equivalent                 34.40%      35.79%      34.81%      35.07%
Efficiency ratio            55.19%      53.22%      56.19%      53.87%

Capital Ratios
Average stockholders'
 equity to average
 assets                      8.77%      10.07%       8.87%       9.99%
Tier 1 risk-based
 capital                                             9.31       10.70
Total risk-based
 capital                                            10.32       11.62
Leverage                                             8.75       10.17

Loans by Type
Commercial and
 industrial                                    $  331,665  $  310,697
Construction and
 development                                      182,041     127,793
Real estate mortgage
 - commercial
 investment                                       264,743     227,530
Real estate mortgage
 - owner occupied
 commercial                                       207,398     183,199
Real estate mortgage
 - 1-4 family
 residential                                      160,152     145,165
Home equity                                       142,154     143,015
Consumer                                           38,037      25,507

Asset Quality Data
Allowance for loan
 losses to total
 loans                                               1.09%       1.04%
Allowance for loan
 losses to average
 loans                                               1.14%       1.05%
Allowance for loan
 losses to non-
 performing loans                                  263.75%     252.99%
Nonaccrual loans                               $    4,938  $    4,055
Restructured loans                                      -           -
Loans - 90 days past
 due & still
 accruing                                             543         714
Total non-performing
 loans                                              5,481       4,769
OREO and repossessed
 assets                                             2,995       2,780
Total non-performing
 assets                                             8,476       7,549
Non-performing loans
 to total loans                                      0.42%       0.41%
Non-performing
 assets to total
 assets                                              0.53%       0.53%
Net charge-offs to
 average loans (2)                                   0.09%       0.12%
Net charge-offs        $      616  $      578  $    1,194  $    1,378

Other Information
Total assets under
 management (in
 millions)                                     $    1,536  $    1,669
Full-time equivalent
 employees                                            457         460

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2008 Earnings Release


                               Five Quarter Comparison
               -------------------------------------------------------
                 6/30/08    3/31/08   12/31/07     9/30/07    6/30/07
               ---------- ---------- ----------  ---------- ----------
Income
 Statement
 Data
Net interest
 income, fully
 tax
 equivalent
 (1)           $   14,621 $   13,508 $   13,499  $   13,802 $   13,856
               ========== ========== ==========  ========== ==========
Net interest
 income        $   14,374 $   13,261 $   13,243  $   13,541 $   13,579
Provision for
 loan losses          975      1,225      1,435         850        460
               ---------- ---------- ----------- ---------- ----------
Net interest
 income after
 provision for
 loan losses       13,399     12,036     11,808      12,691     13,119
               ---------- ---------- ----------- ---------- ----------
Gain on the
 sale of
 securities             -          -          -           -          -
Investment
 management
 and trust
 income             3,236      3,279      3,126       3,227      3,336
Service
 charges on
 deposit
 accounts           2,117      1,992      2,276       2,260      2,204
Bankcard
 transaction
 revenue              691        621        631         596        590
Gains on sales
 of mortgage
 loans held
 for sale             351        343        290         227        391
Brokerage
 commissions
 and fees             444        441        486         498        452
Bank owned
 life
 insurance            258        252        252         250        247
Other non-
 interest
 income               570        422        739         508        504
               ---------- ---------- ----------- ---------- ----------
Total non-
 interest
 income             7,667      7,350      7,800       7,566      7,724
               ---------- ---------- ----------- ---------- ----------
Salaries and
 employee
 benefits
 expense            7,367      7,188      6,898       6,865      6,632
Net occupancy
 expense            1,036      1,009        985         917        930
Data
 processing
 expense              896        752        998         979      1,051
Furniture and
 equipment
 expense              276        276        275         291        290
State bank
 taxes                314        340        340         326        311
Other non-
 interest
 expenses           2,412      2,378      2,650       2,149      2,270
               ---------- ---------- ----------  ---------- ----------
Total non-
 interest
 expense           12,301     11,943     12,146      11,527     11,484
               ---------- ---------- ----------  ---------- ----------
Net income
 before income
 tax expense        8,765      7,443      7,462       8,730      9,359
Income tax
 expense            2,636      2,405      1,298       2,843      3,062
               ---------- ---------- ----------  ---------- ----------
Net income     $    6,129 $    5,038 $    6,164  $    5,887 $    6,297
               ========== ========== ==========  ========== ==========

Weighted
 average
 shares -
 basic             13,409     13,452     13,779      14,185     14,325
Weighted
 average
 shares -
 diluted           13,584     13,610     13,974      14,400     14,536

Basic earnings
 per share     $     0.46 $     0.37 $     0.45  $     0.42 $     0.44
Diluted
 earnings per
 share               0.45       0.37       0.44        0.41       0.43
Cash dividend
 declared per
 share               0.17       0.17       0.16        0.16       0.16

Balance Sheet
 Data (at
 period end)
Total loans    $1,320,509 $1,289,913 $1,201,938  $1,156,899 $1,162,906
Allowance for
 loan losses       14,456     14,097     13,450      12,550     12,065
Total assets    1,596,320  1,517,258  1,482,219   1,410,453  1,425,299
Non-interest
 bearing
 deposits         182,580    175,028    170,477     167,614    184,000
Interest
 bearing
 deposits       1,080,752    972,980    936,230     899,815    901,316
Federal home
 loan bank
 advances          90,000     90,000     90,000      70,000     70,000
Subordinated
 debentures            60         60         90          90         90
Stockholders'
 equity           134,848    131,547    133,024     138,623    141,888
Total shares
 outstanding       13,424     13,406     13,600      14,005     14,298
Book value per
 share              10.05       9.81       9.78        9.90       9.92
Market value
 per share          21.36      23.24      23.94       27.04      23.76

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2008 Earnings Release

                               Five Quarter Comparison
                  6/30/08    3/31/08   12/31/07    9/30/07    6/30/07
                ---------- ---------- ---------- ---------- ----------
Average Balance
 Sheet Data
Average loans   $1,308,304 $1,235,185 $1,178,068 $1,155,211 $1,160,064
Average assets   1,536,473  1,470,153  1,436,666  1,409,653  1,401,020
Average earning
 assets          1,443,187  1,376,233  1,341,624  1,311,152  1,304,508
Average
 deposits        1,187,325  1,117,873  1,089,400  1,063,718  1,075,459
Average long-
 term debt          91,379     90,062     76,394     70,090     60,420
Average
 interest
 bearing
 liabilities     1,195,756  1,140,382  1,089,233  1,057,138  1,048,552
Average
 stockholders'
 equity            134,696    131,901    135,370    141,583    141,133

Performance
 Ratios
Annualized
 return on
 average assets      1.60%      1.38%      1.70%      1.66%      1.80%
Annualized
 return on
 average equity     18.30%     15.36%     18.07%     16.50%     17.90%
Net interest
 margin, fully
 tax equivalent      4.07%      3.95%      3.99%      4.18%      4.26%
Non-interest
 income to
 total revenue,
 fully
tax equivalent      34.40%     35.24%     36.62%     35.41%     35.79%
Efficiency
 ratio              55.19%     57.26%     57.03%     53.95%     53.22%

Capital Ratios
Average
 stockholders'
 equity to
 average assets      8.77%      8.97%      9.42%     10.04%     10.07%
Tier 1 risk-
 based capital       9.31%      9.07%      9.82%     10.47%     10.70%
Total risk-
 based capital      10.32%     10.06%     10.82%     11.42%     11.62%
Leverage             8.75%      8.85%      9.21%      9.81%     10.17%

Loans by Type
Commercial and
 industrial     $  331,665 $  332,144 $  309,506 $  292,240 $  298,006
Construction
 and
 development       182,041    174,604    144,668    137,659    145,468
Real estate
 mortgage -
 commercial
 investment        264,743    252,706    240,610    236,847    227,530
Real estate
 mortgage -
 owner occupied
 commercial        207,398    202,714    200,122    186,564    183,199
Real estate
 mortgage - 1-4
 family
 residential       160,152    148,324    145,362    142,757    140,181
Home equity        142,154    136,064    136,962    136,064    143,015
Consumer            38,037     43,357     24,708     24,768     25,507

Asset Quality
 Data
Allowance for
 loan losses to
 total loans         1.09%      1.09%      1.12%      1.08%      1.04%
Allowance for
 loan losses to
 average loans       1.14%      1.14%      1.16%      1.09%      1.05%
Allowance for
 loan losses to
 non-performing
 loans             263.75%    307.19%    399.11%    295.71%    252.99%
Nonaccrual
 loans          $    4,938 $    4,034 $    2,964 $    2,985 $    4,055
Restructured
 loans                   -          -          -          -          -
Loans - 90 days
 past due &
 still accruing        543        555        406      1,259        714
Total non-
 performing
 loans               5,481      4,589      3,370      4,244      4,769
OREO and
 repossessed
 assets              2,995      3,715      3,831      3,436      2,780
Total non-
 performing
 assets              8,476      8,304      7,201      7,680      7,549
Non-performing
 loans to total
 loans               0.42%      0.36%      0.28%      0.37%      0.41%
Non-performing
 assets to
 total assets        0.53%      0.55%      0.49%      0.54%      0.53%
Net charge-offs
 to average
 loans (2)           0.09%      0.05%      0.05%      0.05%      0.05%
Net charge-offs $      616 $      578 $      535 $      365 $      578

Other
 Information
Total assets
 under
 management (in
 millions)      $    1,536 $    1,549 $    1,669 $    1,707 $    1,669
Full-time
 equivalent
 employees             457        460        446        443        460

(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) - Amounts not annualized

Certain prior-period amounts have been reclassified to conform with
 current presentation.

SOURCE: S.Y. Bancorp, Inc.

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

Expected next dividend:
Dividend Announcement Date: 7/23/2008
Dividend Record Date: 9/12/2008
Dividend Pay Date: 10/1/2008
Dividend Amount: 0.23

Expected next dividend:
Dividend Announcement Date: 8/20/2008
Dividend Record Date: 9/15/2008
Dividend Pay Date: 10/1/2008
Dividend Amount: 0.17