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Loans (Tables)

9 Months Ended

Sep. 30, 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)		September 30 2017				December 31 2016
Commercial construction		$	74,282			$	66,998
Commercial secured by real estate			1,197,604				1,085,428
Equipment lease financing			3,290				5,512
Commercial other			339,337				350,159
Real estate construction			64,441				57,966
Real estate mortgage			712,237				702,969
Home equity			96,755				91,511
Consumer direct			137,657				133,093
Consumer indirect			487,818				444,735
Total loans		$	3,113,421			$	2,938,371

Nonaccrual Loans Segregated by Class of Loans

Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		September 30 2017				December 31 2016
Commercial:
Commercial construction		$	1,311			$	1,912
Commercial secured by real estate			7,879				6,326
Commercial other			1,070				1,559
Residential:
Real estate construction			1,062				11
Real estate mortgage			7,915				6,260
Home equity			561				555
Total nonaccrual loans		$	19,798			$	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 September 30, 2017 and December 31, 2016:

		September 30, 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		$	69			$	42			$	1,311			$	1,422			$	72,860			$	74,282			$	0
Commercial secured by real estate			3,549				1,287				8,316				13,152				1,184,452				1,197,604				1,518
Equipment lease financing			0				0				0				0				3,290				3,290				0
Commercial other			773				203				1,134				2,110				337,227				339,337				307
Residential:
Real estate construction			144				382				344				870				63,571				64,441				155
Real estate mortgage			1,005				5,205				13,646				19,856				692,381				712,237				7,389
Home equity			685				250				756				1,691				95,064				96,755				333
Consumer:
Consumer direct			810				152				156				1,118				136,539				137,657				156
Consumer indirect			3,570				927				364				4,861				482,957				487,818				364
Total		$	10,605			$	8,448			$	26,027			$	45,080			$	3,068,341			$	3,113,421			$	10,222

		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 September 30, 2017 and December 31, 2016:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Equipment Leases				Commercial Other				Total
September 30, 2017
Pass		$	64,983			$	1,059,574			$	3,229			$	292,574			$	1,420,360
Watch			3,566				67,065				0				31,270				101,901
OAEM			1,657				21,676				61				2,056				25,450
Substandard			3,898				49,072				0				13,078				66,048
Doubtful			178				217				0				359				754
Total		$	74,282			$	1,197,604			$	3,290			$	339,337			$	1,614,513
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 September 30, 2017 and December 31, 2016:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
September 30, 2017
Performing		$	63,224			$	696,933			$	95,861			$	137,501			$	487,454			$	1,480,973
Nonperforming (1)			1,217				15,304				894				156				364				17,935
Total		$	64,441			$	712,237			$	96,755			$	137,657			$	487,818			$	1,498,908
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 September 30, 2017, December 31, 2016, and September 30, 2016:

		September 30, 2017
(in thousands)		Recorded Balance				Unpaid Contractual Principal Balance				Specific Allowance
Loans without a specific valuation allowance:
Commercial construction		$	4,613			$	4,621			$	0
Commercial secured by real estate			25,322				25,916				0
Commercial other			9,994				11,804				0
Real estate construction			873				873				0
Real estate mortgage			1,196				1,196				0
Loans with a specific valuation allowance:
Commercial construction			153				174				25
Commercial secured by real estate			3,918				5,023				1,301
Commercial other			130				133				65
Totals:
Commercial construction			4,766				4,795				25
Commercial secured by real estate			29,240				30,939				1,301
Commercial other			10,124				11,937				65
Real estate construction			873				873				0
Real estate mortgage			1,196				1,196				0
Total		$	46,199			$	49,740			$	1,391

		Three Months Ended								Nine Months Ended
		September 30, 2017								September 30, 2017
(in thousands)		Average Investment in Impaired Loans				*Interest Income Recognized				Average Investment in Impaired Loans				*Interest Income Recognized
Loans without a specific valuation allowance:
Commercial construction		$	4,662			$	50			$	4,955			$	136
Commercial secured by real estate			25,452				276				27,318				980
Equipment lease financing			0				0				45				0
Commercial other			10,191				123				10,717				396
Real estate construction			860				0				569				0
Real estate mortgage			1,197				8				1,601				30
Loans with a specific valuation allowance:
Commercial construction			153				0				156				0
Commercial secured by real estate			3,984				3				4,236				8
Commercial other			130				0				87				0
Totals:
Commercial construction			4,815				50				5,111				136
Commercial secured by real estate			29,436				279				31,554				988
Equipment lease financing			0				0				45				0
Commercial other			10,321				123				10,804				396
Real estate construction			860				0				569				0
Real estate mortgage			1,197				8				1,601				30
Total		$	46,629			$	460			$	49,684			$	1,550

		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

		September 30, 2016
(in thousands)		Recorded Balance				Unpaid Contractual Principal Balance				Specific Allowance
Loans without a specific valuation allowance:
Commercial construction		$	4,270			$	4,293			$	0
Commercial secured by real estate			32,311				33,004				0
Commercial other			11,382				13,191				0
Real estate mortgage			1,489				1,489				0
Loans with a specific valuation allowance:
Commercial construction			1,668				1,670				212
Commercial secured by real estate			3,537				4,688				747
Commercial other			388				408				190
Totals:
Commercial construction			5,938				5,963				212
Commercial secured by real estate			35,848				37,692				747
Commercial other			11,770				13,599				190
Real estate mortgage			1,489				1,489				0
Total		$	55,045			$	58,743			$	1,149

		Three Months Ended								Nine Months Ended
		September 30, 2016								September 30, 2016
(in thousands)		Average Investment in Impaired Loans				*Interest Income Recognized				Average Investment in Impaired Loans				*Interest Income Recognized
Loans without a specific valuation allowance:
Commercial construction		$	4,299			$	63			$	4,450			$	168
Commercial secured by real estate			32,534				390				31,795				1,164
Commercial other			11,497				153				11,564				470
Real estate mortgage			1,492				15				1,759				45
Loans with a specific valuation allowance:
Commercial construction			1,798				0				2,524				0
Commercial secured by real estate			3,547				1				3,957				19
Commercial other			405				0				597				0
Totals:
Commercial construction			6,097				63				6,974				168
Commercial secured by real estate			36,081				391				35,752				1,183
Commercial other			11,902				153				12,161				470
Real estate mortgage			1,492				15				1,759				45
Total		$	55,572			$	622			$	56,646			$	1,866

*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 and nine months ended September 30, 2017 and 2016 and the year ended December 31, 2016:

		Three Months Ended September 30, 2017
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial secured by real estate			6			$	295			$	0			$	0			$	295
Commercial other			1				102				0				0				102
Total troubled debt restructurings			7			$	397			$	0			$	0			$	397

		Nine Months Ended September 30, 2017
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			2			$	0			$	0			$	114			$	114
Commercial secured by real estate			11				874				0				192				1,066
Commercial other			10				237				0				136				373
Residential:
Real estate construction			1				846				0				0				846
Real estate mortgage			1				323				0				0				323
Total troubled debt restructurings			25			$	2,280			$	0			$	442			$	2,722

		Three Months Ended September 30, 2016
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial secured by real estate			2			$	152			$	0			$	0			$	152
Total troubled debt restructurings			2			$	152			$	0			$	0			$	152

		Nine Months Ended September 30, 2016
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			5			$	1,408			$	0			$	0			$	1,408
Commercial secured by real estate			23				5,761				0				580				6,341
Commercial other			16				5,041				0				0				5,041
Residential:
Real estate mortgage			1				0				0				280				280
Total troubled debt restructurings			45			$	12,210			$	0			$	860			$	13,070

		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

Summary of Defaulted Restructured Loans

Presented below, segregated by class of loans, are loans that were modified as troubled debt restructurings within the prior twelve months which subsequently defaulted during the three and nine months ended September 30, 2017 and 2016.  CTBI considers a loan in default when it is 90 days or more past due or transferred to nonaccrual.

(in thousands)		Three Months Ended September 30, 2017								Nine Months Ended September 30, 2017
		Number of Loans				Recorded Balance				Number of Loans				Recorded Balance
Commercial:
Commercial secured by real estate			2			$	961				2			$	961
Residential:
Real estate construction			1				846				1				846
Total defaulted restructured loans			3			$	1,807				3			$	1,807

(in thousands)		Three Months Ended September 30, 2016								Nine Months Ended September 30, 2016
		Number of Loans				Recorded Balance				Number of Loans				Recorded Balance
Commercial:
Commercial secured by real estate			1			$	1,446				2			$	1,956
Commercial other			1				14				2				372
Total defaulted restructured loans			2			$	1,460				4			$	2,328

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