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Loans (Tables)

3 Months Ended

Mar. 31, 2019

Loans [Abstract]

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 2019				December 31 2018
Commercial construction		$	75,364			$	82,715
Commercial secured by real estate			1,182,804				1,183,093
Equipment lease financing			1,354				1,740
Commercial other			388,060				377,198
Real estate construction			54,013				57,160
Real estate mortgage			720,292				722,417
Home equity			108,018				106,299
Consumer direct			141,855				144,289
Consumer indirect			517,972				533,727
Total loans		$	3,189,732			$	3,208,638

Nonaccrual Loans Segregated by Class of Loans

Nonaccrual loans segregated by class of loans were as follows:

(in thousands)		March 31 2019				December 31 2018
Commercial:
Commercial construction		$	546			$	639
Commercial secured by real estate			4,967				4,537
Commercial other			1,402				797
Residential:
Real estate construction			289				22
Real estate mortgage			4,691				5,395
Home equity			483				477
Total nonaccrual loans		$	12,378			$	11,867

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, 2019 and December 31, 2018:

		March 31, 2019
(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		$	449			$	0			$	618			$	1,067			$	74,297			$	75,364			$	72
Commercial secured by real estate			7,829				1,460				12,335				21,624				1,161,180				1,182,804				7,794
Equipment lease financing			0				0				0				0				1,354				1,354				0
Commercial other			1,005				772				726				2,503				385,557				388,060				261
Residential:
Real estate construction			258				149				295				702				53,311				54,013				6
Real estate mortgage			1,145				4,836				6,854				12,835				707,457				720,292				4,203
Home equity			818				277				499				1,594				106,424				108,018				260
Consumer:
Consumer direct			735				215				30				980				140,875				141,855				30
Consumer indirect			2,854				611				390				3,855				514,117				517,972				390
Total		$	15,093			$	8,320			$	21,747			$	45,160			$	3,144,572			$	3,189,732			$	13,016

		December 31, 2018
(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		$	87			$	58			$	698			$	843			$	81,872			$	82,715			$	58
Commercial secured by real estate			6,287				1,204				8,776				16,267				1,166,826				1,183,093				4,632
Equipment lease financing			0				0				0				0				1,740				1,740				0
Commercial other			1,057				94				1,067				2,218				374,980				377,198				581
Residential:
Real estate construction			144				438				28				610				56,550				57,160				6
Real estate mortgage			1,272				5,645				7,607				14,524				707,893				722,417				4,095
Home equity			898				365				441				1,704				104,595				106,299				246
Consumer:
Consumer direct			918				191				74				1,183				143,106				144,289				74
Consumer indirect			4,715				975				507				6,197				527,530				533,727				506
Total		$	15,378			$	8,970			$	19,198			$	43,546			$	3,165,092			$	3,208,638			$	10,198

*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, 2019 and December 31, 2018:

(in thousands)		Commercial Construction				Commercial Secured by Real Estate				Equipment Leases				Commercial Other				Total
March 31, 2019
Pass		$	67,224			$	1,031,325			$	1,354			$	338,695			$	1,438,598
Watch			2,932				75,404				0				27,317				105,653
OAEM			1,823				18,501				0				5,811				26,135
Substandard			3,385				57,485				0				16,166				77,036
Doubtful			0				89				0				71				160
Total		$	75,364			$	1,182,804			$	1,354			$	388,060			$	1,647,582
December 31, 2018
Pass		$	74,222			$	1,038,309			$	1,740			$	327,431			$	1,441,702
Watch			3,070				71,834				0				28,986				103,890
OAEM			1,594				19,734				0				5,735				27,063
Substandard			3,829				53,125				0				14,970				71,924
Doubtful			0				91				0				76				167
Total		$	82,715			$	1,183,093			$	1,740			$	377,198			$	1,644,746

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, 2019 and December 31, 2018:

(in thousands)		Real Estate Construction				Real Estate Mortgage				Home Equity				Consumer Direct				Consumer Indirect				Total
March 31, 2019
Performing		$	53,718			$	711,398			$	107,275			$	141,825			$	517,582			$	1,531,798
Nonperforming (1)			295				8,894				743				30				390				10,352
Total		$	54,013			$	720,292			$	108,018			$	141,855			$	517,972			$	1,542,150
December 31, 2018
Performing		$	57,132			$	712,927			$	105,576			$	144,215			$	533,221			$	1,553,071
Nonperforming (1)			28				9,490				723				74				506				10,821
Total		$	57,160			$	722,417			$	106,299			$	144,289			$	533,727			$	1,563,892

(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, 2019, December 31, 2018, and March 31, 2018:

		March 31, 2019
(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		$	3,308			$	3,308			$	0			$	3,655			$	46
Commercial secured by real estate			32,407				34,098				0				32,811				347
Commercial other			8,903				10,598				0				8,866				139
Real estate construction			0				0				0				0				0
Real estate mortgage			2,337				2,337				0				2,329				19
Loans with a specific valuation allowance:
Commercial construction			324				324				164				324				3
Commercial secured by real estate			1,922				3,060				847				1,966				10
Commercial other			1,154				1,154				620				1,169				17
Totals:
Commercial construction			3,632				3,632				164				3,979				49
Commercial secured by real estate			34,329				37,158				847				34,777				357
Commercial other			10,057				11,752				620				10,035				156
Real estate construction			0				0				0				0				0
Real estate mortgage			2,337				2,337				0				2,329				19
Total		$	50,355			$	54,879			$	1,631			$	51,120			$	581

		December 31, 2018
(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		$	4,100			$	4,100			$	0			$	3,923			$	171
Commercial secured by real estate			29,645				31,409				0				30,250				1,412
Commercial other			8,285				9,982				0				8,774				530
Real estate construction			0				0				0				106				0
Real estate mortgage			1,882				1,882				0				1,666				41
Loans with a specific valuation allowance:
Commercial construction			127				127				50				42				0
Commercial secured by real estate			1,854				2,983				605				2,051				1
Commercial other			473				473				146				285				16
Totals:
Commercial construction			4,227				4,227				50				3,965				171
Commercial secured by real estate			31,499				34,392				605				32,301				1,413
Commercial other			8,758				10,455				146				9,059				546
Real estate construction			0				0				0				106				0
Real estate mortgage			1,882				1,882				0				1,666				41
Total		$	46,366			$	50,956			$	801			$	47,097			$	2,171

		March 31, 2018
(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		$	4,009			$	4,009			$	0			$	4,168			$	37
Commercial secured by real estate			31,284				33,377				0				31,566				352
Commercial other			9,183				10,913				0				9,332				152
Real estate construction			318				318				0				318				0
Real estate mortgage			1,286				1,294				0				1,284				0
Loans with a specific valuation allowance:
Commercial secured by real estate			2,105				3,221				739				2,132				0
Totals:
Commercial construction			4,009				4,009				0				4,168				37
Commercial secured by real estate			33,389				36,598				739				33,698				352
Commercial other			9,183				10,913				0				9,332				152
Real estate construction			318				318				0				318				0
Real estate mortgage			1,286				1,294				0				1,284				0
Total		$	48,185			$	53,132			$	739			$	48,800			$	541

*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, 2019 and 2018 and the year ended December 31, 2018:

		Three Months Ended March 31, 2019
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial secured by real estate			5				828				0				642				1,470
Commercial other			7				1,122				0				140				1,262
Residential:
Real estate mortgage			1				463				0				0				463
Total troubled debt restructurings			13			$	2,413			$	0			$	782			$	3,195

		Year Ended December 31, 2018
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			5			$	2,182			$	0			$	15			$	2,197
Commercial secured by real estate			24				4,004				0				1,383				5,387
Commercial other			8				465				0				0				465
Residential:
Real estate construction			0				0				0				0				0
Real estate mortgage			3				264				0				704				968
Total troubled debt restructurings			40			$	6,915			$	0			$	2,102			$	9,017

		Three Months Ended March 31, 2018
(in thousands)		Number of Loans				Term Modification				Rate Modification				Combination				Post-Modification Outstanding Balance
Commercial:
Commercial construction			2			$	32			$	0			$	15			$	47
Commercial secured by real estate			9				786				0				983				1,769
Commercial other			5				182				0				0				182
Total troubled debt restructurings			16			$	1,000			$	0			$	998			$	1,998

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