Advances from Federal Home Loan Bank

12 Months Ended

Dec. 31, 2011

Advances from Federal Home Loan Bank [Abstract]

12. Advances from Federal Home Loan Bank

Federal Home Loan Bank advances consisted of the following monthly amortizing and term borrowings at December 31:

(in thousands)	2011		2010
Monthly amortizing	$	1,609	$	1,238
Term		20,000		20,000
Total FHLB advances	$	21,609	$	21,238

The advances from the FHLB that require monthly principal payments were due for repayment as follows:

	Principal Payments Due by Period at December 31, 2011
(in thousands)	Total		Within 1 Year		2 Years		3 Years		4 Years		5 Years		After 5 Years
Outstanding advances, weighted average interest rate - 2.20%	$	1,609	$	194	$	138	$	116	$	114	$	111	$	936

At December 31, 2010, CTBI had monthly amortizing FHLB advances totaling $1.2 million at a weighted average interest rate of 3.51%.

The term advances that require the total payment to be made at maturity follow:

(in thousands) December 31	2011		2010
Advance #158, 0.37%, due 1/24/11	$	0	$	20,000
Advance #271, 0.25%, due 1/18/12		20,000		0
Total term advances	$	20,000	$	20,000

Advances totaling $21.6 million at December 31, 2011 were collateralized by FHLB stock of $25.7 million and a blanket lien on qualifying first mortgage loans. As of December 31, 2011, CTBI had a $399.4 million FHLB borrowing capacity with $21.6 million in advances and $118.5 million in letters of credit used for public fund pledging leaving $259.3 million available for additional advances. The advances had fixed interest rates ranging from 0.00% to 7.42% with a weighted average rate of 0.39%. The advances are subject to restrictions or penalties in the event of prepayment. Advance #271 matured and was paid off on January 18, 2012.