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Loans (Tables)

3 Months Ended

Mar. 31, 2017

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 2017				December 31 2016
Commercial construction		$	69,777			$	66,998
Commercial secured by real estate			1,102,986				1,085,428
Equipment lease financing			5,443				5,512
Commercial other			350,506				350,159
Real estate construction			55,746				57,966
Real estate mortgage			704,555				702,969
Home equity			91,330				91,511
Consumer direct			132,201				133,093
Consumer indirect			457,321				444,735
Total loans		$	2,969,865			$	2,938,371

Nonaccrual Loans Segregated by Class of Loans

Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		March 31 2017				December 31 2016
Commercial:
Commercial construction		$	1,684			$	1,912
Commercial secured by real estate			5,668				6,326
Commercial other			1,466				1,559
Residential:
Real estate construction			189				11
Real estate mortgage			6,887				6,260
Home equity			604				555
Consumer:
Consumer direct			0				0
Total nonaccrual loans		$	16,498			$	16,623

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, 2017 and December 31, 2016:

		March 31, 2017
(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		$	60			$	112			$	1,708			$	1,880			$	67,897			$	69,777			$	24
Commercial secured by real estate			3,905				793				7,982				12,680				1,090,306				1,102,986				3,135
Equipment lease financing			1				137				0				138				5,305				5,443				0
Commercial other			327				601				1,308				2,236				348,270				350,506				271
Residential:
Real estate construction			184				58				223				465				55,281				55,746				34
Real estate mortgage			1,244				4,700				9,096				15,040				689,515				704,555				4,323
Home equity			855				116				730				1,701				89,629				91,330				332
Consumer:
Consumer direct			718				150				49				917				131,284				132,201				49
Consumer indirect			2,104				554				415				3,073				454,248				457,321				415
Total		$	9,398			$	7,221			$	21,511			$	38,130			$	2,931,735			$	2,969,865			$	8,583

		December 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		$	22			$	0			$	1,940			$	1,962			$	65,036			$	66,998			$	28
Commercial secured by real estate			2,033				478				8,847				11,358				1,074,070				1,085,428				3,015
Equipment lease financing			0				0				0				0				5,512				5,512				0
Commercial other			997				122				1,235				2,354				347,805				350,159				141
Residential:
Real estate construction			707				42				152				901				57,065				57,966				152
Real estate mortgage			1,493				5,278				10,695				17,466				685,503				702,969				6,295
Home equity			829				288				905				2,022				89,489				91,511				467
Consumer:
Consumer direct			873				265				68				1,206				131,887				133,093				68
Consumer indirect			3,288				851				681				4,820				439,915				444,735				681
Total		$	10,242			$	7,324			$	24,523			$	42,089			$	2,896,282			$	2,938,371			$	10,847

*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, 2017 and December 31, 2016:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Equipment Leases				Commercial Other				Total
March 31, 2017
Pass		$	58,298			$	976,696			$	5,168			$	301,815			$	1,341,977
Watch			3,966				68,036				0				31,490				103,492
OAEM			2,300				22,947				138				6,091				31,476
Substandard			5,035				34,944				137				10,726				50,842
Doubtful			178				363				0				384				925
Total		$	69,777			$	1,102,986			$	5,443			$	350,506			$	1,528,712
December 31, 2016
Pass		$	55,315			$	975,383			$	5,206			$	299,301			$	1,335,205
Watch			3,366				51,932				137				32,780				88,215
OAEM			2,535				25,772				169				7,913				36,389
Substandard			5,592				31,945				0				9,599				47,136
Doubtful			190				396				0				566				1,152
Total		$	66,998			$	1,085,428			$	5,512			$	350,159			$	1,508,097

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 March 31, 2017 and December 31, 2016:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
March 31, 2017
Performing		$	55,523			$	693,345			$	90,394			$	132,152			$	456,906			$	1,428,320
Nonperforming (1)			223				11,210				936				49				415				12,833
Total		$	55,746			$	704,555			$	91,330			$	132,201			$	457,321			$	1,441,153
December 31, 2016
Performing		$	57,803			$	690,414			$	90,489			$	133,025			$	444,054			$	1,415,785
Nonperforming (1)			163				12,555				1,022				68				681				14,489
Total		$	57,966			$	702,969			$	91,511			$	133,093			$	444,735			$	1,430,274

(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, 2017, December 31, 2016, and March 31, 2016:

		March 31, 2017
(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		$	4,966			$	4,968			$	0			$	5,161			$	37
Commercial secured by real estate			28,493				28,956				0				28,645				361
Commercial other			10,927				12,847				0				11,079				140
Real estate mortgage			1,802				1,802				0				1,804				11
Loans with a specific valuation allowance:
Commercial construction			153				174				25				161				0
Commercial secured by real estate			3,959				5,051				927				3,978				0
Commercial other			0				0				0				0				0
Totals:
Commercial construction			5,119				5,142				25				5,322				37
Commercial secured by real estate			32,452				34,007				927				32,623				361
Commercial other			10,927				12,847				0				11,079				140
Real estate mortgage			1,802				1,802				0				1,804				11
Total		$	50,300			$	53,798			$	952			$	50,828			$	549

		December 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		$	4,102			$	4,123			$	0			$	4,367			$	218
Commercial secured by real estate			29,025				29,594				0				31,136				1,609
Commercial other			11,215				13,155				0				11,561				632
Real estate mortgage			1,483				1,483				0				1,691				52
Loans with a specific valuation allowance:
Commercial construction			1,507				1,509				213				2,290				0
Commercial secured by real estate			4,731				5,885				1,035				4,151				19
Commercial other			139				139				65				483				0
Totals:
Commercial construction			5,609				5,632				213				6,657				218
Commercial secured by real estate			33,756				35,479				1,035				35,287				1,628
Commercial other			11,354				13,294				65				12,044				632
Real estate mortgage			1,483				1,483				0				1,691				52
Total		$	52,202			$	55,888			$	1,313			$	55,679			$	2,530

		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

*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, 2017 and 2016 and the year ended December 31, 2016:

		Three Months Ended March 31, 2017
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial secured by real estate			1			$	49			$	0			$	0			$	49
Commercial other			2				53				0				0				53
Residential:
Real estate mortgage			1				323				0				0				323
Total troubled debt restructurings			4			$	425			$	0			$	0			$	425

		Year Ended December 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			27				8,827				0				581				9,408
Commercial other			14				5,088				0				87				5,175
Residential:
Real estate mortgage			1				0				0				281				281
Total troubled debt restructurings			43			$	15,203			$	0			$	949			$	16,152

		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

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, 2017								Three Months Ended March 31, 2016
		Number of Loans				Recorded Balance				Number of Loans				Recorded Balance
Commercial:
Commercial secured by real estate			0			$	0				1			$	510
Commercial other			0				0				1				358
Total defaulted restructured loans			0			$	0				2			$	868

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