XML 1080 R13.htm IDEA: XBRL DOCUMENT v2.4.1.9
Related Party Transactions
 12 Months Ended
Dec. 31, 2014
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 2014 and 2013 is as follows:

(in thousands)
 
2014
  
2013
 
Related party extensions of credit, beginning of period
 
$
33,103
  
$
33,038
 
New loans and advances on lines of credit
  
5,500
   
8,305
 
Repayments
  
(1,281
)
  
(8,237
)
Increase (decrease) due to changes in related parties
  
151
   
(3
)
Related party extensions of credit, end of period
 
$
37,473
  
$
33,103
 

The aggregate balances of related party deposits at December 31, 2014 and 2013 were $12.4 million and $13.3 million, respectively.

A director of CTBI, is a shareholder in a law firm that provided services to CTBI and its subsidiaries during the years 2014, 2013, and 2012.  Approximately $1.0 million in legal fees and $0.1 million in expenses paid on behalf of CTBI, $1.1 million total, were paid to this law firm during 2014.  Approximately $1.1 million in legal fees and $0.2 million in expenses, $1.3 million total, were paid during 2013, and approximately $1.3 million in legal fees and $0.2 million in expenses, $1.5 million in total, were paid during 2012.