XML 76 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions
12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Related Party Transactions
6. Related Party Transactions
 
In the ordinary course of business, CTB has made extensions of credit and had transactions with certain directors and executive officers of CTBI or our subsidiaries, including their associates (as defined by the Securities and Exchange Commission). We believe such extensions of credit and transactions were made on substantially the same terms, including interest rate and collateral, as those prevailing at the same time for comparable transactions with other persons.
 
Activity for related party extensions of credit, including unfunded commitments, during 2012 and 2011 is as follows:
 
(in thousands)
 
2012
  
2011
 
Related party extensions of credit, beginning of period
 $22,860  $19,545 
New loans and commitments
  466   5,295 
Repayments
  (2,141)  (1,281)
Increase/(decrease) due to changes in related parties
  11,853   (699)
Related party extensions of credit, end of period
 $33,038  $22,860 

The aggregate balances of related party deposits at December 31, 2012 and 2011 were $17.2 million and $20.7 million, respectively.
 
A director of CTBI is a shareholder in a law firm that provides services to CTBI and its subsidiaries. The total of those payments for legal services for the years ended December 31, 2012, 2011, and 2010 were $1.5 million, $1.4 million, and $1.1 million, respectively.