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Loans (Tables)

12 Months Ended

Dec. 31, 2012

Loans [Abstract]

Summary of major classification of loans net of unearned income and deferred loan origination cost

Major classifications of loans, net of unearned income, deferred loan origination costs, and net premiums on acquired loans, are summarized as follows:

(in thousands)		December 31 2012				December 31 2011
Commercial construction		$	119,447			$	120,577
Commercial secured by real estate			807,213				798,887
Equipment lease financing			9,246				9,706
Commercial other			376,348				374,597
Real estate construction			55,041				53,534
Real estate mortgage			696,928				650,075
Home equity			82,292				84,841
Consumer direct			122,581				123,949
Consumer indirect			281,477				340,382
Total loans		$	2,550,573			$	2,556,548

Nonaccrual loans segregated by class of loans

Refer to note 1 to the consolidated financial statements for further information regarding our nonaccrual policy. Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		December 31 2012				December 31 2011
Commercial:
Commercial construction		$	5,955			$	7,029
Commercial secured by real estate			5,572				9,810
Commercial other			1,655				3,914
Residential:
Real estate construction			315				607
Real estate mortgage			3,153				4,204
Home equity			141				189
Total nonaccrual loans		$	16,791			$	25,753

Bank's loan portfolio aging analysis, segregated by class

The following tables present CTBI's loan portfolio aging analysis, segregated by class, as of December 31, 2012 and 2011:

		December 31, 2012
(in thousands)		30-59 Days Past Due				60-89 Days Past Due				90+ Days Past Due				Total Past Due				Current				Total Loans				90+ and Accruing*
Commercial:
Commercial construction		$	1,413			$	312			$	9,598			$	11,323			$	108,124			$	119,447			$	3,778
Commercial secured by real estate			9,733				1,633				10,456				21,822				785,391				807,213				5,943
Equipment lease financing			0				0				0				0				9,246				9,246				0
Commercial other			259				1,142				5,164				6,565				369,783				376,348				3,867
Residential:
Real estate construction			248				572				511				1,331				53,710				55,041				196
Real estate mortgage			2,765				4,029				7,138				13,932				682,996				696,928				4,511
Home equity			921				102				565				1,588				80,704				82,292				441
Consumer:
Consumer direct			1,360				336				98				1,794				120,787				122,581				98
Consumer indirect			2,772				907				381				4,060				277,417				281,477				381
Total		$	19,471			$	9,033			$	33,911			$	62,415			$	2,488,158			$	2,550,573			$	19,215

		December 31, 2011
(in thousands)		30-59 Days Past Due				60-89 Days Past Due				90+ Days Past Due				Total Past Due				Current				Total Loans				90+ and Accruing*
Commercial:
Commercial construction		$	362			$	33			$	10,171			$	10,566			$	110,011			$	120,577			$	3,292
Commercial secured by real estate			4,566				2,978				11,998				19,542				779,345				798,887				3,969
Equipment lease financing			0				0				0				0				9,706				9,706				0
Commercial other			2,286				688				2,504				5,478				369,119				374,597				619
Residential:
Real estate construction			305				91				622				1,018				52,516				53,534				16
Real estate mortgage			2,067				4,974				6,547				13,588				636,487				650,075				2,719
Home equity			968				312				482				1,762				83,079				84,841				346
Consumer:
Consumer direct			1,723				171				71				1,965				121,984				123,949				71
Consumer indirect			2,684				755				483				3,922				336,460				340,382				483
Total		$	14,961			$	10,002			$	32,878			$	57,841			$	2,498,707			$	2,556,548			$	11,515

*90+ and Accruing are also included in 90+ Days Past Due column.

Credit risk profile of the bank's commercial loan portfolio based on rating category and payment activity, segregated by class of loans

The following tables present the credit risk profile of CTBI's commercial loan portfolio based on rating category and payment activity, segregated by class of loans, as of December 31, 2012 and 2011:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Commercial Other				Equipment Leases				Total
December 31, 2012
Pass		$	92,140			$	665,764			$	328,646			$	9,246			$	1,095,796
Watch			12,915				79,517				28,760				0				121,192
OAEM			1,054				16,532				2,816				0				20,402
Substandard			7,383				40,021				14,878				0				62,282
Doubtful			5,955				5,379				1,248				0				12,582
Total		$	119,447			$	807,213			$	376,348			$	9,246			$	1,312,254
December 31, 2011
Pass		$	85,886			$	643,312			$	323,471			$	9,706			$	1,062,375
Watch			17,721				78,611				38,185				0				134,517
OAEM			1,379				21,087				1,668				0				24,134
Substandard			8,783				46,238				7,364				0				62,385
Doubtful			6,808				9,639				3,909				0				20,356
Total		$	120,577			$	798,887			$	374,597			$	9,706			$	1,303,767

Credit risk profile of residential real estate and consumer loan portfolio based on performing and nonperforming status segregated by class [Table Text Block]

The following tables present the credit risk profile of CTBI's residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by class, as of December 31, 2012 and 2011:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
December 31, 2012
Performing		$	54,530			$	689,264			$	81,710			$	122,483			$	281,096			$	1,229,083
Nonperforming (1)			511				7,664				582				98				381				9,236
Total		$	55,041			$	696,928			$	82,292			$	122,581			$	281,477			$	1,238,319
December 31, 2011
Performing		$	52,911			$	643,152			$	84,306			$	123,878			$	339,899			$	1,244,146
Nonperforming (1)			623				6,923				535				71				483				8,635
Total		$	53,534			$	650,075			$	84,841			$	123,949			$	340,382			$	1,252,781

(1) A loan is considered nonperforming if it is 90 days or more past due or on nonaccrual.

Impaired loans, average investment in impaired loans, and interest income recognized on impaired loans

The following table presents impaired loans, the average investment in impaired loans, and interest income recognized on impaired loans for the years ended December 31, 2012 and 2011:

		December 31, 2012
(in thousands)		Recorded Balance				Unpaid Contractual Principal Balance				Specific Allowance				Average Investment in Impaired Loans				*Interest Income Recognized
Loans without a specific valuation allowance:
Commercial construction		$	3,692			$	4,146			$	0			$	4,249			$	97
Commercial secured by real estate			35,046				35,818				0				35,542				1,337
Commercial other			13,285				15,484				0				11,083				416
Real estate mortgage			695				695				0				481				30
Loans with a specific valuation allowance:
Commercial construction			5,703				6,933				1,820				6,585				0
Commercial secured by real estate			3,067				3,189				1,090				3,243				0
Commercial other			1,010				2,331				338				1,441				0
Commercial			61,803				67,901				3,248				62,143				1,850
Residential			695				695				0				481				30
Total		$	62,498			$	68,596			$	3,248			$	62,624			$	1,880

		December 31, 2011
(in thousands)		Recorded Balance				Unpaid Contractual Principal Balance				Specific Allowance				Average Investment in Impaired Loans				*Interest Income Recognized
Loans without a specific valuation allowance:
Commercial construction		$	4,778			$	4,778			$	0			$	8,992			$	252
Commercial secured by real estate			27,811				29,765				0				31,480				1,543
Commercial other			1,770				2,501				0				3,392				143
Loans with a specific valuation allowance:
Commercial construction			5,794				6,643				2,203				7,681				0
Commercial secured by real estate			3,525				3,669				1,156				4,747				23
Commercial other			3,432				6,022				1,310				5,071				22
Commercial			47,110				53,378				4,669				61,363				1,983
Total		$	47,110			$	53,378			$	4,669			$	61,363			$	1,983

		December 31, 2010
(in thousands)		Recorded Balance				Unpaid Contractual Principal Balance				Specific Allowance				Average Investment in Impaired Loans				*Interest Income Recognized
Loans without a specific valuation allowance:
Commercial construction		$	6,313			$	6,313			$	0			$	6,262			$	43
Commercial secured by real estate			23,503				24,034				0				23,629				330
Commercial other			4,357				4,616				0				4,407				71
Real estate construction			790				790				0				790				0
Real estate mortgage			950				950				0				950				0
Loans with a specific valuation allowance:
Commercial construction			9,528				10,813				2,554				9,686				0
Commercial secured by real estate			9,188				9,358				2,575				9,191				2
Commercial other			8,680				10,338				3,093				8,090				85
Commercial			61,569				65,472				8,222				61,265				531
Residential			1,740				1,740				0				1,740				0
Total		$	63,309			$	67,212			$	8,222			$	63,005			$	531

*Cash basis interest is substantially the same as interest income recognized.

Troubled debt restructuring

During 2012, certain loans were modified in troubled debt restructurings, where economic concessions were granted to borrowers consisting of reductions in the interest rates, payment extensions, forgiveness of principal, and forbearances. Presented below, segregated by class of loans, are troubled debt restructurings that occurred during the year ended December 31, 2012 and 2011:

		Year Ended December 31, 2012
(in thousands)		Number of Loans				Post-Modification Outstanding Balance				Net Charge-offs Resulting from Modification
Commercial:
Commercial construction			5			$	557			$	0
Commercial secured by real estate			11				4,506				0
Commercial other			23				3,233				0
Residential:
Real estate mortgage			1				391				0
Total troubled debt restructurings			40			$	8,687			$	0

		Year Ended December 31, 2011
(in thousands)		Number of Loans				Post-Modification Outstanding Balance				Net Charge-offs Resulting from Modification
Commercial:
Commercial construction			7			$	3,457			$	0
Commercial secured by real estate			19				17,497				0
Commercial other			13				2,068				(1	)
Total troubled debt restructurings			39			$	23,022			$	(1	)

Summary of defaulted restructured loans

Loans retain their accrual status at the time of their modification. As a result, if a loan is on nonaccrual at the time it is modified, it stays as nonaccrual, and if a loan is on accrual at the time of the modification, it generally stays on accrual. Commercial and consumer loans modified in a troubled debt restructuring are closely monitored for delinquency as an early indicator of possible future default. If loans modified in a troubled debt restructuring subsequently default, CTBI evaluates the loan for possible further impairment. The allowance for loan losses may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan. Presented below, segregated by class of loans, are loans that were modified as troubled debt restructurings which have subsequently defaulted. CTBI considers a loan in default when it is 90 days or more past due or transferred to nonaccrual.

(in thousands)		Year Ended December 31, 2012
		Number of Loans				Recorded Balance
Commercial:
Commercial secured by real estate			1			$	344
Commercial other			6				83
Total defaulted restructured loans			7			$	427

(in thousands)		Year Ended December 31, 2011
		Number of Loans				Recorded Balance
Commercial:
Commercial construction			2			$	3,913
Commercial secured by real estate			2				1,669
Commercial other			6				1,280
Total defaulted restructured loans			10			$	6,862

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