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Loans (Tables)

3 Months Ended

Mar. 31, 2016

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 2016				December 31 2015
Commercial construction		$	74,786			$	78,020
Commercial secured by real estate			1,063,662				1,052,919
Equipment lease financing			7,463				8,514
Commercial other			352,228				358,898
Real estate construction			61,830				61,750
Real estate mortgage			705,882				707,874
Home equity			88,521				89,450
Consumer direct			126,154				126,406
Consumer indirect			408,765				390,130
Total loans		$	2,889,291			$	2,873,961

Nonaccrual Loans Segregated by Class of Loans

Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		March 31 2016				December 31 2015
Commercial:
Commercial construction		$	3,564			$	3,402
Commercial secured by real estate			7,284				5,928
Commercial other			1,824				1,485
Residential:
Real estate construction			248				249
Real estate mortgage			5,292				5,206
Home equity			234				183
Consumer:
Consumer direct			0				110
Total nonaccrual loans		$	18,446			$	16,563

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, 2016 and December 31, 2015:

		March 31, 2016
(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		$	281			$	186			$	3,219			$	3,686			$	71,100			$	74,786			$	30
Commercial secured by real estate			6,556				2,670				4,465				13,691				1,049,971				1,063,662				2,115
Equipment lease financing			0				0				0				0				7,463				7,463				0
Commercial other			358				551				1,402				2,311				349,917				352,228				246
Residential:
Real estate construction			237				41				286				564				61,266				61,830				50
Real estate mortgage			1,514				4,388				9,132				15,034				690,848				705,882				5,308
Home equity			943				140				509				1,592				86,929				88,521				329
Consumer:
Consumer direct			961				237				121				1,319				124,835				126,154				121
Consumer indirect			1,748				579				335				2,662				406,103				408,765				335
Total		$	12,598			$	8,792			$	19,469			$	40,859			$	2,848,432			$	2,889,291			$	8,534

		December 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		$	36			$	6			$	3,431			$	3,473			$	74,547			$	78,020			$	30
Commercial secured by real estate			2,947				622				7,923				11,492				1,041,427				1,052,919				3,757
Equipment lease financing			199				0				0				199				8,315				8,514				0
Commercial other			762				121				1,476				2,359				356,539				358,898				310
Residential:
Real estate construction			443				62				291				796				60,954				61,750				55
Real estate mortgage			1,128				3,888				10,907				15,923				691,951				707,874				6,925
Home equity			527				148				580				1,255				88,195				89,450				448
Consumer:
Consumer direct			835				479				126				1,440				124,966				126,406				126
Consumer indirect			2,133				814				395				3,342				386,788				390,130				395
Total		$	9,010			$	6,140			$	25,129			$	40,279			$	2,833,682			$	2,873,961			$	12,046

*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, 2016 and December 31, 2015:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Equipment Leases				Commercial Other				Total
March 31, 2016
Pass		$	60,772			$	952,066			$	7,463			$	302,014			$	1,322,315
Watch			4,038				65,452				0				36,908				106,398
OAEM			2,204				13,029				0				1,425				16,658
Substandard			6,596				32,292				0				10,805				49,693
Doubtful			1,176				823				0				1,076				3,075
Total		$	74,786			$	1,063,662			$	7,463			$	352,228			$	1,498,139
December 31, 2015
Pass		$	62,978			$	937,196			$	8,514			$	312,100			$	1,320,788
Watch			4,931				71,830				0				37,670				114,431
OAEM			2,206				13,765				0				963				16,934
Substandard			6,780				29,232				0				7,072				43,084
Doubtful			1,125				896				0				1,093				3,114
Total		$	78,020			$	1,052,919			$	8,514			$	358,898			$	1,498,351

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, 2016 and December 31, 2015:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
March 31, 2016
Performing		$	61,532			$	695,282			$	87,958			$	126,033			$	408,430			$	1,379,235
Nonperforming (1)			298				10,600				563				121				335				11,917
Total		$	61,830			$	705,882			$	88,521			$	126,154			$	408,765			$	1,391,152
December 31, 2015
Performing		$	61,446			$	695,743			$	88,819			$	126,170			$	389,735			$	1,361,913
Nonperforming (1)			304				12,131				631				236				395				13,697
Total		$	61,750			$	707,874			$	89,450			$	126,406			$	390,130			$	1,375,610

(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, 2016, December 31, 2015, and March 31, 2015:

		March 31, 2016
(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		$	4,219			$	4,220			$	0			$	4,322			$	49
Commercial secured by real estate			32,664				33,474				0				32,511				387
Commercial other			11,838				13,600				0				11,748				148
Real estate mortgage			2,018				2,018				0				2,021				16
Loans with a specific valuation allowance:
Commercial construction			3,337				3,339				746				3,401				0
Commercial secured by real estate			4,753				4,868				1,588				4,727				18
Commercial other			713				781				332				719				0
Totals:
Commercial construction			7,556				7,559				746				7,723				49
Commercial secured by real estate			37,417				38,342				1,588				37,238				405
Commercial other			12,551				14,381				332				12,467				148
Real estate mortgage			2,018				2,018				0				2,021				16
Total		$	59,542			$	62,300			$	2,666			$	59,449			$	618

		December 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		$	2,861			$	2,862			$	0			$	4,574			$	200
Commercial secured by real estate			30,761				32,166				0				30,605				1,378
Commercial other			7,500				9,148				0				8,802				316
Real estate mortgage			1,744				1,744				0				1,179				50
Loans with a specific valuation allowance:
Commercial construction			3,402				3,402				831				3,631				0
Commercial secured by real estate			2,660				2,768				1,227				2,349				7
Commercial other			960				1,153				403				836				1
Totals:
Commercial construction			6,263				6,264				831				8,205				200
Commercial secured by real estate			33,421				34,934				1,227				32,954				1,385
Commercial other			8,460				10,301				403				9,638				317
Real estate mortgage			1,744				1,744				0				1,179				50
Total		$	49,888			$	53,243			$	2,461			$	51,976			$	1,952

		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

*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, 2016 and 2015 and the year ended December 31, 2015:

		Three Months Ended March 31, 2016
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			1			$	1,288			$	0			$	0			$	1,288
Commercial secured by real estate			13				3,998				0				44				4,042
Commercial other			10				4,601				0				0				4,601
Residential:
Real estate mortgage			1				0				0				280				280
Total troubled debt restructurings			25			$	9,887			$	0			$	324			$	10,211

		Year Ended December 31, 2015
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			3			$	428			$	0			$	0			$	428
Commercial secured by real estate			21				4,244				0				1,760				6,004
Commercial other			7				3,847				0				0				3,847
Residential:
Real estate mortgage			3				0				0				848				848
Total troubled debt restructurings			34			$	8,519			$	0			$	2,608			$	11,127

		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

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)		Three Months Ended March 31, 2016
		Number of Loans				Recorded Balance
Commercial:
Commercial secured by real estate			1			$	510
Commercial other			1				358
Total defaulted restructured loans			2			$	868

(in thousands)		Three Months Ended March 31, 2015
		Number of Loans				Recorded Balance
Commercial:
Commercial secured by real estate			1			$	261
Commercial other			0				0
Total defaulted restructured loans			1			$	261

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