XML 41 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6

Securities (Tables)

9 Months Ended

Sep. 30, 2012

Securities [Abstract]

Amortized cost and fair value of securities

The amortized cost and fair value of securities at September 30, 2012 are summarized as follows:

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	26,139			$	516			$	0			$	26,655
State and political subdivisions			99,766				5,627				(29	)			105,364
U.S. government sponsored agency mortgage-backed securities			437,391				15,472				(132	)			452,731
Total debt securities			563,296				21,615				(161	)			584,750
Marketable equity securities			35,582				1,101				(203	)			36,480
Total available-for-sale securities		$	598,878			$	22,716			$	(364	)		$	621,230

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	480			$	1			$	0			$	481
State and political subdivisions			1,182				1				0				1,183
Total held-to-maturity securities		$	1,662			$	2			$	0			$	1,664

The amortized cost and fair value of securities as of December 31, 2011 are summarized as follows:

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	32,077			$	1,171			$	0			$	33,248
State and political subdivisions			68,358				3,816				(30	)			72,144
U.S. government sponsored agency mortgage-backed securities			390,714				10,186				(57	)			400,843
Total debt securities			491,149				15,173				(87	)			506,235
Marketable equity securities			20,582				718				(137	)			21,163
Total available-for-sale securities		$	511,731			$	15,891			$	(224	)		$	527,398

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	480			$	0			$	(1	)		$	479
State and political subdivisions			1,182				0				0				1,182
Total held-to-maturity securities		$	1,662			$	0			$	(1	)		$	1,661

Amortized cost and fair value of securities by contractual maturity

The amortized cost and fair value of securities at September 30, 2012 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

		Available-for-Sale								Held-to-Maturity
(in thousands)		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Due in one year or less		$	6,598			$	6,688			$	0			$	0
Due after one through five years			21,375				22,377				0				0
Due after five through ten years			64,291				67,275				1,662				1,664
Due after ten years			33,641				35,679				0				0
U.S. government sponsored agency mortgage-backed securities			437,391				452,731				0				0
Total debt securities			563,296				584,750				1,662				1,664
Marketable equity securities			35,582				36,480				0				0
Total securities		$	598,878			$	621,230			$	1,662			$	1,664

Available for sale securities and Held-to-maturity securities, continuous unrealized loss position

Certain investments in debt and marketable equity securities are reported in the financial statements at amounts less than their historical costs. CTBI evaluates its investment portfolio on a quarterly basis for impairment. The analysis performed as of September 30, 2012 indicates that all impairment is considered temporary, market driven, and not credit-related. The percentage of total investments with unrealized losses as of September 30, 2012 was 3.4% compared to 4.8% as of December 31, 2011. The following tables provide the amortized cost, gross unrealized losses, and fair market value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of September 30, 2012 that are not deemed to be other-than-temporarily impaired.

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
Less Than 12 Months
State and political subdivisions		$	4,615			$	(29	)		$	4,586
U.S. government sponsored agency mortgage-backed securities			16,617				(132	)			16,485
Total debt securities			21,232				(161	)			21,071
Total <12 months temporarily impaired AFS securities			21,232				(161	)			21,071
12 Months or More
Marketable equity securities			329				(203)				126
Total ≥12 months temporarily impaired AFS securities			329				(203)				126
Total
State and political subdivisions			4,615				(29	)			4,586
U.S. government sponsored agency mortgage-backed securities			16,617				(132	)			16,485
Total debt securities			21,232				(161	)			21,071
Marketable equity securities			329				(203	)			126
Total temporarily impaired AFS securities		$	21,561			$	(364	)		$	21,197

As of September 30, 2012, there were no held-to-maturity securities with unrealized losses.

The analysis performed as of December 31, 2011 indicated that all impairment was considered temporary, market driven, and not credit-related. The following tables provide the amortized cost, gross unrealized losses, and fair market value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of December 31, 2011 that are not deemed to be other-than-temporarily impaired.

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
Less Than 12 Months
State and political subdivisions		$	6,173			$	(25	)		$	6,148
U.S. government sponsored agency mortgage-backed securities			17,900				(57	)			17,843
Total debt securities			24,073				(82	)			23,991
Total <12 months temporarily impaired AFS securities			24,073				(82	)			23,991
12 Months or More
State and political subdivisions			613				(5	)			608
Total debt securities			613				(5	)			608
Marketable equity securities			329				(137	)			192
Total ≥12 months temporarily impaired AFS securities			942				(142	)			800
Total
State and political subdivisions			6,786				(30	)			6,756
U.S. government sponsored agency mortgage-backed securities			17,900				(57	)			17,843
Total debt securities			24,686				(87	)			24,599
Marketable equity securities			329				(137	)			192
Total temporarily impaired AFS securities		$	25,015			$	(224	)		$	24,791

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
Less Than 12 Months
U.S. Treasury and government agencies		$	480			$	(1	)		$	479
Total temporarily impaired HTM securities		$	480			$	(1	)		$	479

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of unrealized gains and losses on investments.

+ References

No definition available.

+ Details

Name:	us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration