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Loans (Tables)

3 Months Ended

Mar. 31, 2014

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)		March 31 2014				December 31 2013
Commercial construction		$	111,272			$	110,779
Commercial secured by real estate			874,437				872,542
Equipment lease financing			8,122				8,840
Commercial other			351,648				374,881
Real estate construction			59,730				56,075
Real estate mortgage			695,514				697,601
Home equity			84,694				84,880
Consumer direct			117,497				122,215
Consumer indirect			282,594				287,541
Total loans		$	2,585,508			$	2,615,354

Nonaccrual loans segregated by class of loans

 Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		March 31 2014				December 31 2013
Commercial:
Commercial construction		$	4,767			$	4,519
Commercial secured by real estate			13,252				6,576
Commercial other			2,629				2,801
Residential:
Real estate construction			481				481
Real estate mortgage			5,406				5,152
Home equity			349				429
Total nonaccrual loans		$	26,884			$	19,958

Bank's loan portfolio aging analysis, segregated by class

The following tables present CTBI’s loan portfolio aging analysis, segregated by class, as of March 31, 2014 and December 31, 2013:

		March 31, 2014
(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		$	386			$	52			$	6,209			$	6,647			$	104,625			$	111,272			$	1,456
Commercial secured by real estate			4,975				1,900				15,937				22,812				851,625				874,437				4,728
Equipment lease financing			0				0				0				0				8,122				8,122				0
Commercial other			578				8,182				5,595				14,355				337,293				351,648				3,323
Residential:
Real estate construction			439				31				752				1,222				58,508				59,730				271
Real estate mortgage			1,510				3,846				9,929				15,285				680,229				695,514				5,189
Home equity			843				240				648				1,731				82,963				84,694				319
Consumer:
Consumer direct			803				168				58				1,029				116,468				117,497				202
Consumer indirect			1,525				531				202				2,258				280,336				282,594				58
Total		$	11,059			$	14,950			$	39,330			$	65,339			$	2,520,169			$	2,585,508			$	15,546

		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

*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 March 31, 2014 and December 31, 2013:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Equipment Leases				Commercial Other				Total
March 31, 2014
Pass		$	90,787			$	747,805			$	8,122			$	299,605			$	1,146,319
Watch			9,141				75,684				0				32,277				117,102
OAEM			1,094				9,611				0				6,005				16,710
Substandard			5,649				28,986				0				11,552				46,187
Doubtful			4,601				12,351				0				2,209				19,161
Total		$	111,272			$	874,437			$	8,122			$	351,648			$	1,345,479
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

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 the CTBI’s residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by class, as of March 31, 2014 and December 31, 2013:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
March 31, 2014
Performing		$	58,978			$	684,919			$	84,026			$	117,295			$	282,536			$	1,227,754
Nonperforming (1)			752				10,595				668				202				58				12,275
Total		$	59,730			$	695,514			$	84,694			$	117,497			$	282,594			$	1,240,029
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

(1)  A loan is considered nonperforming if it is 90 days or more past due and/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 periods ended March 31, 2014, December 31, 2013, and March 31, 2013:

		March 31, 2014
(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		$	5,430			$	5,431			$	0			$	5,441			$	50
Commercial secured by real estate			35,719				36,618				0				36,416				265
Commercial other			14,191				15,726				0				14,324				114
Real estate mortgage			1,021				1,021				0				1,022				10
Loans with a specific valuation allowance:
Commercial construction			4,278				4,284				939				4,312				0
Commercial secured by real estate			4,234				4,611				1,084				4,686				4
Commercial other			413				536				112				439				0
Totals:
Commercial construction			9,708				9,715				939				9,753				50
Commercial secured by real estate			39,953				41,229				1,084				41,102				269
Commercial other			14,604				16,262				112				14,763				114
Real estate mortgage			1,021				1,021				0				1,022				10
Total		$	65,286			$	68,227			$	2,135			$	66,640			$	443

		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

		March 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		$	5,155			$	5,609			$	0			$	5,225			$	74
Commercial secured by real estate			33,765				34,586				0				33,908				297
Commercial other			15,779				17,920				0				15,435				154
Real estate mortgage			657				657				0				658				7
Loans with a specific valuation allowance:
Commercial construction			6,073				7,303				1,911				6,075				0
Commercial secured by real estate			4,158				4,276				1,192				4,166				0
Commercial other			867				2,188				322				868				0
Totals:
Commercial construction			11,228				12,912				1,911				11,300				74
Commercial secured by real estate			37,923				38,862				1,192				38,074				297
Commercial other			16,646				20,108				322				16,303				154
Real estate mortgage			657				657				0				658				7
Total		$	66,454			$	72,539			$	3,425			$	66,335			$	532

*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 three months ended March 31, 2014 and 2013 and the year ended December 31, 2013:

		Three Months Ended March 31, 2014
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial secured by real estate			2			$	126			$	0			$	0			$	126
Commercial other			2				41				0				0				41
Total troubled debt restructurings			4			$	167			$	0			$	0			$	167

		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

		Three Months Ended March 31, 2013
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			3			$	2,110			$	0			$	0			$	2,110
Commercial secured by real estate			5				605				0				0				605
Commercial other			9				5,493				0				92				5,585
Total troubled debt restructurings			17			$	8,208			$	0			$	92			$	8,300

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 generally considers a loan in default when it is 90 days or more past due or transferred to nonaccrual.

(in thousands)		Three Months Ended March 31, 2014
		Number of Loans				Recorded Balance
Commercial:
Commercial construction			0			$	0
Commercial secured by real estate			0				0
Commercial other			2				34
Total defaulted restructured loans			2			$	34

(in thousands)		Three Months Ended March 31, 2013
		Number of Loans				Recorded Balance
Commercial:
Commercial construction			2			$	328
Commercial secured by real estate			2				662
Commercial other			1				12
Total defaulted restructured loans			5			$	1,002

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