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Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2018
Commitments and Contingencies [Abstract] |
Commitments and Contingencies | Note 11 – Commitments and Contingencies As of July 25, 2018, Community Trust Bank, Inc. (“CTB”), the bank subsidiary of CTBI, entered into a Consent Order with the Board of Governors of the Federal Reserve System (“FRB”). Pursuant to the Consent Order, the FRB ordered CTB to cease and desist and take certain affirmative actions related to specified deposit add-on products. The Consent Order requires CTB to deposit an amount of not less than $4.75 million in a segregated account for the purpose of funding restitution, although the actual amount of such reimbursement may vary from the deposited amount. As CTBI previously disclosed in a Form 8-K filed on June 14, 2018, CTBI increased its related accrual from $1.2 million to $4.75 million on June 14, 2018 based on communications with regulatory agency representatives. As a result of the increased accrual, a charge to earnings was reflected in the second quarter 2018 financial results of $2.8 million after-tax, or $0.16 per share. CTBI and subsidiaries, and from time to time, our officers, are named defendants in legal actions rising from ordinary business activities. Management, after consultation with legal counsel, believes any pending actions are without merit or that the ultimate liability, if any, will not materially affect our consolidated financial position or results of operations.

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