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Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Shares to be Issued and Remaining Shares Available for Future Issuance

The following table provides detail of the number of shares to be issued upon exercise of outstanding stock-based awards and remaining shares available for future issuance under all of CTBI’s equity compensation plans as of December 31, 2019:

Plan Category (shares in thousands)

Number of Shares to Be Issued Upon Exercise

Weighted Average Price

Shares Available for Future Issuance

Equity compensation plans approved by shareholders:

Stock options

20

$

32.04

481(a

)

Restricted stock

(c)

(b)

(a)

Performance units

(d)

(b)

(a)

Stock appreciation rights (“SARs”)

(e)

(b)

(a)

Total

481

(a) Under the 2015 Plan, 550,000 shares are authorized for issuance; 72,909 have been issued as of December 31, 2019  In January of 2016, 18,069 restricted stock shares were issued under the terms of the 2015 Plan pursuant to awards granted under the 2006 Plan.  Additional shares will not be issued pursuant to awards granted from prior plans.

(b) Not applicable

(c) The maximum number of shares of restricted stock that may be granted is 550,000 shares, and the maximum that may be granted to a participant during any calendar year is 75,000 shares.

(d) No performance units payable in stock had been issued as of December 31, 2019.  The maximum payment that can be made pursuant to performance units granted to any one participant in any calendar year is $1,000,000.

(e) No SARS have been issued.  The maximum number of shares with respect to which SARs may be granted to a participant during any calendar year is 100,000 shares.

Unrecognized Compensation Cost, Grant-Date Fair Value of Shares Vested, Cash Received from Option Exercises and Actual Tax Benefit Realized for Tax Deductions from Option Exercises

The following table shows the unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the plans at December 31, 2019, 2018, and 2017 and the total grant-date fair value of shares vested, cash received from option exercises under all share-based payment arrangements, and the actual tax benefit realized for the tax deductions from option exercises of the share-based payment arrangements for the years ended December 31, 2019, 2018, and 2017.

(in thousands)		2019				2018				2017
Unrecognized compensation cost of unvested share-based compensation arrangements granted under the plan at year-end		$	1,410			$	1,072			$	1,242
Grant date fair value of shares vested for the year			605				645				564
Cash received from option exercises under all share-based payment arrangements for the year			401				399				693
Tax benefit realized for the tax deductions from option exercises of the share-based payment arrangements for the year			27				49				138

2015 Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Shares to be Issued and Remaining Shares Available for Future Issuance

The following table details the shares available for future issuance under the 2015 Plan at December 31, 2019.

Plan Category		Shares Available for Future Issuance
Shares available at January 1, 2019			508,729
Stock option grants			0
Restricted stock grants			(27,921	)
Forfeitures			588
Shares available for future issuance at December 31, 2019			481,396

Schedule of Stock Option Activity

CTBI’s stock option activity for the 2015 Plan for the years ended December 31, 2019, 2018, and 2017 is summarized as follows:

December 31		2019								_2018*								2017
		Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price
Outstanding at beginning of year			0			$	0				10,000			$	33.55				10,000			$	33.55
Granted			0				0				0				0				0				0
Exercised			0				0				(10,000	)			33.55				0				0
Forfeited/expired			0				0				0				0				0				0
Outstanding at end of year			0			$	0				0			$	0				10,000			$	33.55
Exercisable at end of year			0			$	0				0			$	0				0			$	0

Schedule of Intrinsic Values of Options Exercised, Exercisable, and Outstanding

The following table shows the intrinsic values of options exercised, exercisable, and outstanding for the 2015 Plan for the years ended December 31, 2019, 2018 and 2017:

(in thousands)		2019				2018				2017
Options exercised		$	0			$	140				0
Options exercisable			0				0				0
Outstanding options			0				0				136

Schedule of Restricted Stock Activity

The following table shows restricted stock activity for the 2015 Plan for the years ended December 31, 2019, 2018 and 2017:

December 31		2019								2018								2017
		Grants				Weighted Average Fair Value at Grant				Grants				Weighted Average Fair Value at Grant				Grants				Weighted Average Fair Value at Grant
Outstanding at beginning of year			34,255			$	44.46				33,085			$	41.84				17,496			$	33.55
Granted			27,921				41.12				11,320				49.30				23,668				46.45
Vested			(10,596	)			42.39				(8,761	)			40.46				(5,751	)			35.79
Forfeited			(588	)			43.04				(1,389	)			46.77				(2,328	)			41.31
Outstanding at end of year			50,992			$	43.08				34,255			$	44.46				33,085			$	41.84

2006 Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock Option Activity

CTBI’s stock option activity for the 2006 Plan for the years ended December 31, 2019, 2018, and 2017 is summarized as follows:

December 31		2019								2018								2017
		Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price
Outstanding at beginning of year			32,571			$	32.47				35,376			$	31.90				61,041			$	29.84
Granted			0				0				0				0				0				0
Exercised			(12,076	)			33.19				(2,475	)			25.52				(25,665	)			27.01
Forfeited/expired			0				0				(330	)			23.79				0				0
Outstanding at end of year			20,495			$	32.04				32,571			$	32.47				35,376			$	31.90
Exercisable at end of year			495			$	22.81				2,571			$	25.11				5,376			$	25.22

Summary for Status of Nonvested Options

A summary of the status of CTBI’s 2006 Plan for nonvested options as of December 31, 2019, and changes during the year ended December 31, 2019, is presented as follows:

Nonvested Options		Options				Weighted Average Grant Date Fair Value
Nonvested at January 1, 2019			30,000			$	6.98
Granted			0				0
Vested			10,000				7.76
Forfeited			0				0
Nonvested at December 31, 2019			20,000			$	6.59

Schedule of Intrinsic Values of Options Exercised, Exercisable, and Outstanding

The following table shows the intrinsic values of options exercised, exercisable, and outstanding for the 2006 Plan for the years ended December 31, 2019, 2018, and 2017:

(in thousands)		2019				2018				2017
Options exercised		$	135			$	56			$	537
Options exercisable			12				37				118
Outstanding options			299				233				538

Schedule of Restricted Stock Activity

The following table shows restricted stock activity for the years ended December 31, 2019, 2018, and 2017:

December 31		2019								2018								2017
		Grants				Weighted Average Fair Value at Grant				Grants				Weighted Average Fair Value at Grant				Grants				Weighted Average Fair Value at Grant
Outstanding at beginning of year			2,064			$	32.27				5,426			$	33.24				11,989			$	32.85
Granted			0				0				0				0				0				0
Vested			(2,064	)		$	32.27				(3,236	)			33.90				(6,214	)			32.48
Forfeited			0				0				(126	)			32.27				(349	)			33.31
Outstanding at end of year			0			$	0.00				2,064			$	32.27				5,426			$	33.24

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