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Loans (Tables)

12 Months Ended

Dec. 31, 2013

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 2013				December 31 2012
Commercial construction		$	110,779			$	119,447
Commercial secured by real estate			872,542				807,213
Equipment lease financing			8,840				9,246
Commercial other			374,881				376,348
Real estate construction			56,075				55,041
Real estate mortgage			697,601				696,928
Home equity			84,880				82,292
Consumer direct			122,215				122,581
Consumer indirect			287,541				281,477
Total loans		$	2,615,354			$	2,550,573

Nonaccrual loans segregated by class of loans

Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		December 31 2013				December 31 2012
Commercial:
Commercial construction		$	4,519			$	5,955
Commercial secured by real estate			6,576				5,572
Commercial other			2,801				1,655
Residential:
Real estate construction			481				315
Real estate mortgage			5,152				3,153
Home equity			429				141
Total nonaccrual loans		$	19,958			$	16,791

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, 2013 and 2012:

		December 31, 2013
(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		$	250			$	166			$	6,012			$	6,428			$	104,351			$	110,779			$	1,673
Commercial secured by real estate			3,703				1,982				16,660				22,345				850,197				872,542				12,403
Equipment lease financing			0				0				0				0				8,840				8,840				0
Commercial other			344				422				6,156				6,922				367,959				374,881				3,723
Residential:
Real estate construction			81				383				694				1,158				54,917				56,075				213
Real estate mortgage			1,274				4,419				9,346				15,039				682,562				697,601				4,847
Home equity			786				330				737				1,853				83,027				84,880				324
Consumer:
Consumer direct			1,063				291				119				1,473				120,742				122,215				119
Consumer indirect			2,750				668				297				3,715				283,826				287,541				297
Total		$	10,251			$	8,661			$	40,021			$	58,933			$	2,556,421			$	2,615,354			$	23,599

		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

*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, 2013 and 2012:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Equipment Leases				Commercial Other				Total
December 31, 2013
Pass		$	85,699			$	746,202			$	8,840			$	321,819			$	1,162,559
Watch			13,519				77,561				0				32,800				123,880
OAEM			0				6,639				0				6,200				12,839
Substandard			7,208				37,334				0				11,772				56,314
Doubtful			4,353				4,806				0				2,291				11,450
Total		$	110,779			$	872,542			$	8,840			$	374,881			$	1,367,042
December 31, 2012
Pass		$	92,140			$	665,764			$	9,246			$	328,646			$	1,095,796
Watch			12,915				79,517				0				28,760				121,192
OAEM			1,054				16,532				0				2,816				20,402
Substandard			7,383				40,021				0				14,878				62,282
Doubtful			5,955				5,379				0				1,248				12,582
Total		$	119,447			$	807,213			$	9,246			$	376,348			$	1,312,254

Credit risk profile of residential real estate and consumer loan portfolio based on performing and nonperforming status segregated by class

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, 2013 and 2012:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
December 31, 2013
Performing		$	55,381			$	687,602			$	84,127			$	122,096			$	287,244			$	1,236,450
Nonperforming (1)			694				9,999				753				119				297				11,862
Total		$	56,075			$	697,601			$	84,880			$	122,215			$	287,541			$	1,248,312
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

(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, 2013, 2012, and 2011:

		December 31, 2013
(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		$	5,457			$	5,458			$	0			$	5,595			$	240
Commercial secured by real estate			35,258				36,173				0				32,472				1,231
Commercial other			14,839				16,435				0				15,396				568
Real estate mortgage			1,024				1,024				0				934				43
Loans with a specific valuation allowance:
Commercial construction			4,353				4,359				1,189				4,935				0
Commercial secured by real estate			4,039				4,326				1,005				5,033				1
Commercial other			330				453				102				525				0
Totals:
Commercial construction			9,810				9,817				1,189				10,530				240
Commercial secured by real estate			39,297				40,499				1,005				37,505				1,232
Commercial other			15,169				16,888				102				15,921				568
Real estate mortgage			1,024				1,024				0				934				43
Total		$	65,300			$	68,228			$	2,296			$	64,890			$	2,083

		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 construction			9,395				11,079				1,820				10,834				97
Commercial secured by real estate			38,113				39,007				1,090				38,785				1,337
Commercial other			14,295				17,815				338				12,524				416
Real estate mortgage			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 construction			10,572				11,421				2,203				16,673				252
Commercial secured by real estate			31,336				33,434				1,156				36,227				1,566
Commercial other			5,202				8,523				1,310				8,463				165
Total		$	47,110			$	53,378			$	4,669			$	61,363			$	1,983

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

Troubled debt restructuring

Presented below, segregated by class of loans, are troubled debt restructurings that occurred during the years ended December 31, 2013 and 2012:

		Year Ended December 31, 2013
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			6			$	2,603			$	0			$	0			$	2,603
Commercial secured by real estate			27				2,568				0				2,920				5,488
Commercial other			30				6,471				0				152				6,623
Residential:
Real estate mortgage			1				373				0				0				373
Total troubled debt restructurings			64			$	12,015			$	0			$	3,072			$	15,087

		Year Ended December 31, 2012
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			5			$	557			$	0			$	0			$	557
Commercial secured by real estate			11				3,624				0				882				4,506
Commercial other			22				3,217				0				11				3,228
Residential:
Real estate mortgage			1				0				391				0				391
Total troubled debt restructurings			39			$	7,398			$	391			$	893			$	8,682

Summary of defaulted restructured loans

Presented below, segregated by class of loans, are loans that were modified as troubled debt restructurings within the past twelve months 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, 2013
		Number of Loans				Recorded Balance
Commercial:
Commercial secured by real estate			2			$	89
Commercial other			6				596
Residential:
Real estate mortgage			1				373
Total defaulted restructured loans			9			$	1,058

(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

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