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Fair Market Value of Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2012
Fair Market Value of Financial Assets and Liabilities [Abstract]  
Fair value assets measured on recurring basis
The following tables present the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a recurring basis as of December 31, 2012 and December 31, 2011 and indicates the level within the fair value hierarchy of the valuation techniques.
 
(in thousands)
    
Fair Value Measurements at
December 31, 2012 Using
 
   
Fair Value
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs
(Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Assets measured – recurring basis
            
Available-for-sale securities:
            
U.S. Treasury and government agencies
 $60,915  $0  $60,915  $0 
State and political subdivisions
  113,221   0   113,221   0 
U.S. government sponsored agency mortgage-backed securities
  383,581   0   383,581   0 
Marketable equity securities
  45,626   45,626   0   0 
Mortgage servicing rights
  2,364   0   0   2,364 
 
(in thousands)
    
Fair Value Measurements at
December 31, 2011 Using
 
   
Fair Value
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs
(Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Assets measured – recurring basis
            
Available-for-sale securities:
            
U.S. Treasury and government agencies
 $33,248  $0  $33,248  $0 
State and political subdivisions
  72,144   0   72,144   0 
U.S. government sponsored agency mortgage-backed securities
  400,843   507   400,336   0 
Marketable equity securities
  21,163   20,675   277   211 
Mortgage servicing rights
  2,282   0   0   2,282 
Transfers between levels 1, 2, and 3 and other reasons for those transfers
Transfers between Levels 1, 2, and 3 during the year 2012 and the reasons for those transfers are as follows:
 
(in thousands)
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs
(Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Reason for Transfer
Transfers from level:
          
U.S. government sponsored agency mortgage-backed securities
 $464  $0  $0 
Quoted prices in exact security not available on the measurement date
               
Marketable equity securities
  0   323   0 
Quoted prices available on the measurement date
Total transfers from level
 $464  $323  $0  
 
Transfers to level:
          
U.S. government sponsored agency mortgage-backed securities
 $0  $464  $0 
Quoted prices in exact security not available on the measurement date
               
Marketable equity securities
  323   0   0 
Quoted prices available on the measurement date
Total transfers to level
 $323  $464  $0  
Reconciliation of the beginning and ending balance of recurring fair value measurement using significant unobservable (level 3) inputs
Following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying balance sheet using significant unobservable (Level 3) inputs:
 
(in thousands)
 
2012
  
2011
 
   
Marketable Equity Securities
  
Mortgage Servicing Rights
  
Marketable Equity Securities
  
Mortgage Servicing Rights
 
Beginning balance
 $211  $2,282  $211  $3,161 
Total recognized gains (losses)
                
Included in net income
  (41)  35   0   (842)
Issues
  0   641   0   526 
Sales
  (170)  0   0   0 
Settlements
  0   (594)  0   (563)
Ending balance
 $0  $2,364  $211  $2,282 
                  
Total gains (losses) for the period included in net income attributable to the change in unrealized gains or losses related to assets still held at the reporting date
 $0  $35  $0  $(842)
Realized and unrealized gains and losses for items included in net income in the consolidated statement of income
Realized and unrealized gains and losses for items reflected in the table above are included in net income in the consolidated statements of income as follows:
 
(in thousands)
 
2012
  
2011
 
   
Noninterest Income
  
Noninterest Expense
  
Noninterest Income
  
Noninterest Expense
 
Total gains
 $(600) $0  $(1,405) $0 
Fair value measurements of recognized assets measured on nonrecurring basis
The following table presents the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a nonrecurring basis as of December 31, 2012 and December 31, 2011 and indicates the level within the fair value hierarchy of the valuation techniques.
 
(in thousands)
    
Fair Value Measurements at
December 31, 2012 Using
 
   
Fair Value
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs
(Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Assets measured – nonrecurring basis
            
Impaired loans (collateral dependent)
 $5,465  $0  $0  $5,465 
Other real estate/assets owned
  13,892   0   0   13,892 
 
(in thousands)
    
Fair Value Measurements at
December 31, 2011 Using
 
   
Fair Value
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs
(Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Assets measured – nonrecurring basis
            
Impaired loans (collateral dependent)
 $7,898  $0  $0  $7,898 
Other real estate/assets owned
  16,362   0   0   16,362 
Quantitative information about unobservable inputs used in recurring and nonrecurring level 3 fair value measurments
The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.
 
(in thousands)
 
Quantitative Information about Level 3 Fair Value Measurements
 
   
Fair Value at December 31, 2012
 
Valuation Technique(s)
Unobservable Input
 
Range
(Weighted Average)
 
Mortgage servicing rights
 $2,364 
Discount cash flows, computer pricing model
Constant prepayment rate
  
8.5% - 25.0%
(16.3%
)
       
Probability of default
  
1.02% - 4.81%
(2.65%
)
       
Discount rate
 
Not applicable
(10.5%)
 
              
Impaired loans (collateral-dependent)
 $5,465 
Market comparable properties
Marketability discount
  
5.0% - 10.0%
(7.0%
)
              
Other real estate/assets owned
 $13,892 
Market comparable properties
Comparability adjustments (%)
  
5.0% - 35.0%
(13.0%
)
Fair value of financial instruments and levels within the fair value hierarchy of the valuation techniques
The following table presents estimated fair value of CTBI's financial instruments as of December 31, 2012 and indicates the level within the fair value hierarchy of the valuation techniques.
 
 
(in thousands)
    
Fair Value Measurements
at December 31, 2012 Using
 
   
Carrying
Amount
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs (Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Financial assets:
            
Cash and cash equivalents
 $207,560  $207,560  $0  $0 
Certificates of deposit in other banks
  5,336   0   5,370   0 
Securities available-for-sale
  603,343   45,626   557,717   0 
Securities held-to-maturity
  1,662   0   1,659   0 
Loans held for sale
  22,486   22,960   0   0 
Loans, net
  2,517,328   0   0   2,540,272 
Federal Home Loan Bank stock
  25,673   0   25,673   0 
Federal Reserve Bank stock
  4,885   0   4,885   0 
Accrued interest receivable
  12,970   0   12,790   0 
Mortgage servicing rights
  2,364   0   0   2,364 
                  
Financial liabilities:
                
Deposits
 $2,903,848  $606,448  $2,297,632  $0 
Repurchase agreements
  210,120   0   0   210,008 
Federal funds purchased
  12,314   0   12,314   0 
Advances from Federal Home Loan Bank
  1,429   0   1,719   0 
Long-term debt
  61,341   0   0   31,185 
Accrued interest payable
  1,309   0   1,309   0 
                  
Unrecognized financial instruments:
                
Letters of credit
 $0  $0  $0  $0 
Commitments to extend credit
  0   0   0   0 
Forward sale commitments
  0   0   0   0 
 
 
The following table presents estimated fair value of CTBI's financial instruments as of December 31, 2011 and indicates the level within the fair value hierarchy of the valuation techniques.
 
 
(in thousands)
    
Fair Value Measurements
at December 31, 2011 Using
 
   
Carrying
Amount
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs (Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Financial assets:
            
Cash and cash equivalents
 $238,481  $238,481  $0  $0 
Certificates of deposit in other banks
  11,875   0   11,860   0 
Securities available-for-sale
  527,398   21,182   506,005   211 
Securities held-to-maturity
  1,662   0   1,661   0 
Loans held for sale
  536   550   0   0 
Loans, net
  2,523,377   0   0   2,520,297 
Federal Home Loan Bank stock
  25,673   0   25,673   0 
Federal Reserve Bank stock
  4,883   0   4,883   0 
Accrued interest receivable
  12,280   0   12,280   0 
Mortgage servicing rights
  2,282   0   0   2,282 
                  
Financial liabilities:
                
Deposits
 $2,878,359  $584,735  $2,294,987  $0 
Repurchase agreements
  217,177   0   0   217,062 
Federal funds purchased
  13,104   0   13,104   0 
Advances from Federal Home Loan Bank
  21,609   0   21,617   0 
Long-term debt
  61,341   0   0   31,030 
Accrued interest payable
  2,171   0   2,171   0 
                  
Unrecognized financial instruments:
                
Letters of credit
 $0  $0  $0  $0 
Commitments to extend credit
  0   0   0   0 
Forward sale commitments
  0   0   0   0