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Related Party Transactions
 12 Months Ended
Dec. 31, 2013
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 during 2013 and 2012 is as follows:

(in thousands)
 
2013
  
2012
 
Related party extensions of credit, beginning of period
 $33,038  $22,860 
New loans and advances on lines of credit
  8,305   466 
Repayments
  (8,237)  (2,141)
Increase/(decrease) due to changes in related parties
  (3)  11,853 
Related party extensions of credit, end of period
 $33,103  $33,038 
 
The aggregate balances of related party deposits at December 31, 2013 and 2012 were $13.3 million and $17.2 million, respectively.
 
A director of CTBI, is a shareholder in a law firm that provided services to CTBI and its subsidiaries during the years 2013, 2012, and 2011.  Approximately $1.1 million in legal fees and $0.2 million in expenses paid on behalf of CTBI, $1.3 million total, were paid to this law firm during 2013.  Approximately $1.3 million in legal fees and $0.2 million in expenses, $1.5 million total, were paid during 2012, and approximately $1.2 million in legal fees and $0.2 million in expenses, $1.4 million in total, were paid during 2011.