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Loans (Tables)

3 Months Ended

Mar. 31, 2015

Loans [Abstract]

Summary of major classification of loans net of unearned income, deferred loan origination costs and net premiums on acquired loans

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 2015				December 31 2014
Commercial construction		$	119,222			$	121,942
Commercial secured by real estate			966,335				948,626
Equipment lease financing			10,908				10,344
Commercial other			341,400				352,048
Real estate construction			60,894				62,412
Real estate mortgage			708,067				712,465
Home equity			87,136				88,335
Consumer direct			120,005				122,136
Consumer indirect			332,515				315,516
Total loans		$	2,746,482			$	2,733,824

Nonaccrual loans segregated by class of loans

Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		March 31 2015				December 31 2014
Commercial:
Commercial construction		$	4,063			$	4,339
Commercial secured by real estate			4,709				6,725
Commercial other			2,269				2,423
Residential:
Real estate construction			596				602
Real estate mortgage			5,381				6,513
Home equity			246				369
Total nonaccrual loans		$	17,264			$	20,971

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, 2015 and December 31, 2014:

		March 31, 2015
(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		$	298			$	190			$	5,764			$	6,252			$	112,970			$	119,222			$	1,701
Commercial secured by real estate			4,434				3,120				8,119				15,673				950,662				966,335				5,685
Equipment lease financing			0				0				0				0				10,908				10,908				0
Commercial other			667				1,586				4,054				6,307				335,093				341,400				2,320
Residential:
Real estate construction			437				76				778				1,291				59,603				60,894				196
Real estate mortgage			1,618				3,898				11,626				17,142				690,925				708,067				7,284
Home equity			784				641				431				1,856				85,280				87,136				280
Consumer:
Consumer direct			841				160				163				1,164				118,841				120,005				163
Consumer indirect			1,823				368				169				2,360				330,155				332,515				169
Total		$	10,902			$	10,039			$	31,104			$	52,045			$	2,694,437			$	2,746,482			$	17,798

		December 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		$	40			$	31			$	6,171			$	6,242			$	115,700			$	121,942			$	1,863
Commercial secured by real estate			2,471				1,595				10,763				14,829				933,797				948,626				4,682
Equipment lease financing			0				0				0				0				10,344				10,344				0
Commercial other			826				55				4,205				5,086				346,962				352,048				2,367
Residential:
Real estate construction			92				144				985				1,221				61,191				62,412				383
Real estate mortgage			1,005				5,171				13,049				19,225				693,240				712,465				7,742
Home equity			779				197				703				1,679				86,656				88,335				422
Consumer:
Consumer direct			1,307				295				141				1,743				120,393				122,136				141
Consumer indirect			2,304				586				385				3,275				312,241				315,516				385
Total		$	8,824			$	8,074			$	36,402			$	53,300			$	2,680,524			$	2,733,824			$	17,985

*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 table presents 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, 2015 and December 31, 2014:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Equipment Leases				Commercial Other				Total
March 31, 2015
Pass		$	98,846			$	853,434			$	10,908			$	296,424			$	1,259,612
Watch			9,473				73,254				0				36,668				119,395
OAEM			1,153				6,642				0				828				8,623
Substandard			5,688				29,074				0				5,618				40,380
Doubtful			4,062				3,931				0				1,862				9,855
Total		$	119,222			$	966,335			$	10,908			$	341,400			$	1,437,865
December 31, 2014
Pass		$	101,314			$	834,751			$	10,344			$	307,270			$	1,253,679
Watch			9,857				69,123				0				36,114				115,094
OAEM			934				10,973				0				881				12,788
Substandard			5,647				27,901				0				5,772				39,320
Doubtful			4,190				5,878				0				2,011				12,079
Total		$	121,942			$	948,626			$	10,344			$	352,048			$	1,432,960

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

The following table presents 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, 2015 and December 31, 2014:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
March 31, 2015
Performing		$	60,102			$	695,402			$	86,610			$	119,842			$	332,346			$	1,294,302
Nonperforming (1)			792				12,665				526				163				169				14,315
Total		$	60,894			$	708,067			$	87,136			$	120,005			$	332,515			$	1,308,617
December 31, 2014
Performing		$	61,427			$	698,210			$	87,544			$	121,995			$	315,131			$	1,284,307
Nonperforming (1)			985				14,255				791				141				385				16,557
Total		$	62,412			$	712,465			$	88,335			$	122,136			$	315,516			$	1,300,864

(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 tables present impaired loans, the average investment in impaired loans, and interest income recognized on impaired loans for the periods ended March 31, 2015, December 31, 2014, and March 31, 2014:

		March 31, 2015
(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		$	5,280			$	5,280			$	0			$	5,297			$	51
Commercial secured by real estate			29,606				30,431				0				29,991				310
Commercial other			12,747				14,337				0				12,868				61
Real estate mortgage			900				900				0				902				12
Loans with a specific valuation allowance:
Commercial construction			3,863				3,863				734				3,895				0
Commercial secured by real estate			3,222				3,650				869				3,440				1
Commercial other			846				970				184				859				0
Totals:
Commercial construction			9,143				9,143				734				9,192				51
Commercial secured by real estate			32,828				34,081				869				33,431				311
Commercial other			13,593				15,307				184				13,727				61
Real estate mortgage			900				900				0				902				12
Total		$	56,464			$	59,431			$	1,787			$	57,252			$	435

		December 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		$	5,653			$	5,654			$	0			$	5,415			$	205
Commercial secured by real estate			31,639				33,268				0				34,650				1,180
Commercial other			13,069				14,597				0				15,663				783
Real estate mortgage			1,277				1,277				0				1,507				53
Loans with a specific valuation allowance:
Commercial construction			3,974				3,974				734				4,216				0
Commercial secured by real estate			2,718				2,876				827				4,376				11
Commercial other			738				862				181				531				1
Totals:
Commercial construction			9,627				9,628				734				9,631				205
Commercial secured by real estate			34,357				36,144				827				39,026				1,191
Commercial other			13,807				15,459				181				16,194				784
Real estate mortgage			1,277				1,277				0				1,507				53
Total		$	59,068			$	62,508			$	1,742			$	66,358			$	2,233

		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

*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, 2015 and 2014 and the year ended December 31, 2014:

		Three Months Ended March 31, 2015
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial secured by real estate			4			$	290			$	0			$	0			$	290
Commercial other			2				36				0				0				36
Total troubled debt restructurings			6			$	326			$	0			$	0			$	326

		Year Ended December 31, 2014
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			1			$	7			$	0			$	0			$	7
Commercial secured by real estate			11				5,707				0				68				5,775
Commercial other			8				1,268				0				0				1,268
Residential:
Real estate mortgage			2				0				0				848				848
Total troubled debt restructurings			22			$	6,982			$	0			$	916			$	7,898

		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

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, 2015
		Number of Loans				Recorded Balance
Commercial:
Commercial construction			0			$	0
Commercial secured by real estate			1				261
Commercial other			0				0
Total defaulted restructured loans			1			$	261

(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

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