<SEC-DOCUMENT>0000350852-21-000063.txt : 20210628
<SEC-HEADER>0000350852-21-000063.hdr.sgml : 20210628
<ACCEPTANCE-DATETIME>20210628133755
ACCESSION NUMBER:		0000350852-21-000063
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210628
DATE AS OF CHANGE:		20210628

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMUNITY TRUST BANCORP INC /KY/
		CENTRAL INDEX KEY:			0000350852
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				610979818
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31220
		FILM NUMBER:		211052080

	BUSINESS ADDRESS:	
		STREET 1:		346 NORTH MAYO TRAIL
		STREET 2:		P.O. BOX 2947
		CITY:			PIKEVILLE
		STATE:			KY
		ZIP:			41502-2947
		BUSINESS PHONE:		(606)433-4643

	MAIL ADDRESS:	
		STREET 1:		346 NORTH MAYO TRAIL
		STREET 2:		P.O. BOX 2947
		CITY:			PIKEVILLE
		STATE:			KY
		ZIP:			41502-2947

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY TRUST BANCORP INC/
		DATE OF NAME CHANGE:	19971124
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>ctbi11k2020esop.htm
<DESCRIPTION>CTBI 2020 ESOP FORM 11-K
<TEXT>
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  <div style="text-align: center; line-height: 18.25pt; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; line-height: 18.25pt; font-size: 14pt;">WASHINGTON, D.C.&#160; 20549</div>
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  <div style="text-align: center; line-height: 18.25pt; font-size: 14pt; font-weight: bold;">FORM 11-K</div>
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  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">FOR ANNUAL REPORTS OF EMPLOYEE STOCK REPURCHASE, SAVINGS AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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          <div style="line-height: 13.7pt; font-size: 12pt;">[X]</div>
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          <div style="line-height: 13.7pt; font-size: 12pt;">ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]</div>
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          <div style="line-height: 13.7pt; font-size: 12pt;">For the fiscal year ended December 31, 2020</div>
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          <div style="line-height: 13.7pt; font-size: 12pt;">Or</div>
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          <div style="line-height: 13.7pt; font-size: 12pt;">[&#160;&#160; ]</div>
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        <td style="width: 91.77%; vertical-align: top;">
          <div style="line-height: 13.7pt; font-size: 12pt;">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]</div>
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          <div style="line-height: 13.7pt; font-size: 12pt;">For the transition period from _____________ to _____________</div>
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  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">Commission file number 001-3220</div>
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            <div style="line-height: 13.7pt; font-size: 12pt; font-style: italic;">A.</div>
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          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; font-size: 12pt; font-style: italic;">Full title of the plan and the address of the plan, if different from that of the issuer named below:</div>
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  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">EMPLOYEE STOCK OWNERSHIP PLAN</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt; line-height: 13.7pt; font-size: 12pt; font-style: italic;">B.&#160; Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:</div>
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  <div style="text-align: center; line-height: 18.25pt; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</div>
  <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-style: italic;">(Exact name of registrant as specified in its charter)</div>
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          <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">Kentucky</div>
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          <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">61-0979818</div>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-style: italic;">(State or other jurisdiction of incorporation or organization)</div>
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          <div style="text-align: center; margin-right: 3.6pt; line-height: 11.4pt; font-size: 10pt; font-style: italic;">IRS Employer Identification No.</div>
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          <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">346 North Mayo Trail</div>
          <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">Pikeville, Kentucky</div>
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-style: italic;">(address of principal executive offices)</div>
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          <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">41501</div>
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-style: italic;">(Zip Code)</div>
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  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">(606) 432-1414</div>
  <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-style: italic;">(Registrant's telephone number)</div>
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  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Community Trust Bancorp, Inc.</div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Employee Stock Ownership Plan</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
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  <div style="text-align: center; line-height: 14.8pt; font-size: 12pt; font-weight: bold;">Contents</div>
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        <td style="width: 83.54%; vertical-align: top;" colspan="2">
          <div style="line-height: 12.55pt; font-size: 10pt;">Report of Independent Registered Public Accounting Firm</div>
        </td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 83.54%; vertical-align: top;" colspan="2">&#160;</td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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          <div style="line-height: 12.55pt; font-size: 10pt;">Financial Statements:</div>
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        <td style="width: 83.54%; vertical-align: top;" colspan="2">&#160;</td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 3.29%; vertical-align: top;">&#160;</td>
        <td style="width: 80.25%; vertical-align: top;">
          <div style="line-height: 12.55pt; font-size: 10pt;">Statements of Net Assets Available for Benefits</div>
        </td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 83.54%; vertical-align: top;" colspan="2">&#160;</td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 3.29%; vertical-align: top;">&#160;</td>
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          <div style="line-height: 12.55pt; font-size: 10pt;">Statements of Changes in Net Assets Available for Benefits</div>
        </td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
      </tr>
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        <td style="width: 83.54%; vertical-align: top;" colspan="2">&#160;</td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
      </tr>
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        <td style="width: 3.29%; vertical-align: top;">&#160;</td>
        <td style="width: 80.25%; vertical-align: top;">
          <div style="line-height: 12.55pt; font-size: 10pt;">Notes to Financial Statements</div>
        </td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 83.54%; vertical-align: top;" colspan="2">&#160;</td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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          <div style="line-height: 12.55pt; font-size: 10pt;">Supplemental Schedules:</div>
        </td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 83.54%; vertical-align: top;" colspan="2">&#160;</td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 80.25%; vertical-align: top;">
          <div style="line-height: 12.55pt; font-size: 10pt;">Schedule H, Part IV. Line 4i - Schedule of Assets (Held at Year-End)</div>
        </td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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        <td style="width: 3.29%; vertical-align: top;">&#160;</td>
        <td style="width: 80.25%; vertical-align: top;">
          <div style="line-height: 12.55pt; font-size: 10pt;">Schedule H, Part IV. Line 4j - Schedule of Reportable Transactions</div>
        </td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 83.54%; vertical-align: top;" colspan="2">&#160;</td>
        <td style="width: 16.46%; vertical-align: top;">&#160;</td>
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          <div style="line-height: 12.55pt; font-size: 10pt;">Consent of Independent Registered Public Accounting Firm</div>
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          <div style="text-align: right; line-height: 12.55pt; font-size: 10pt;">Exhibit 23.1</div>
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  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">Report of Independent Registered Public Accounting Firm</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  </div>
  <div style="line-height: 12.55pt; font-size: 10pt;">Plan Administrator, Plan Participants<br>
    &#160;&#160;&#160;and Audit Committee</div>
  <div style="line-height: 12.55pt; font-size: 10pt;">Community Trust Bancorp, Inc.<br>
    &#160;&#160;&#160;Employee Stock Ownership Plan</div>
  <div style="line-height: 12.55pt; font-size: 10pt;">Pikeville, Kentucky</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  <div style="line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt; font-style: italic; font-weight: bold;">Opinion on the Financial Statements</div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt;">We have audited the accompanying statements of net assets available for benefits of Community Trust Bancorp, Inc. Employee Stock Ownership Plan (Plan) as of
    December 31, 2020 and 2019, the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively referred to as the financial statements).&#160; In our opinion, the financial statements
    referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2020 and 2019, and the changes in net assets available for benefits for the years then ended in conformity with accounting
    principles generally accepted in the United States of America.</div>
  <div style="line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt; font-style: italic; font-weight: bold;">Basis of Opinion</div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt;">These financial statements are the responsibility of the Plan&#8217;s management.&#160; Our responsibility is to express an opinion on these financial statements based on
    our audits.</div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt;">We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with
    respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission and the PCAOB.</div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt;">We conducted our audits in accordance with the standards of the PCAOB.&#160; Those standards require that we plan and perform the audits to obtain reasonable
    assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.&#160; The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.&#160; As part of
    our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting.&#160; Accordingly, we express
    no such opinion.</div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt;">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and
    performing procedures that respond to those risks.&#160; Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.&#160; Our audits also included evaluating the accounting principles used and
    significant estimates made by management, as well as evaluating the overall presentation of the financial statements.&#160; We believe that our audits provide a reasonable basis for our opinion.</div>
  <font style="font-weight: bold; font-style: italic;">Report on Supplemental Information </font>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The supplemental information in the accompanying schedule of assets (held at year-end) at December&#160;31, 2020, and schedule of reportable transactions for the year ended December 31,
    2020, have been subjected to audit procedures performed in conjunction with the audit of the Plan&#8217;s financial statements.&#160; The supplemental schedules are the responsibility of the Plan&#8217;s management.&#160; Our audit procedures included determining whether
    the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules.&#160;
    In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under
    the <font style="font-style: italic;">Employee Retirement Income Security Act of 1974</font>.&#160; In our opinion, the schedule of assets (held at year-end) and the schedule of reportable transactions are fairly stated, in all material respects, in
    relation to the basic financial statements taken as a whole.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt;">/s/ <font style="font-weight: bold;">BKD, LLP</font><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt; font-size: 10pt;">We have served as the Plan&#8217;s auditor since 2006.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  Louisville Kentucky
  <div style="line-height: 11.4pt; font-size: 10pt;">June 28, 2021</div>
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  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Community Trust Bancorp, Inc.</div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Employee Stock Ownership Plan</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Statements of Net Assets Available for Benefits</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">December 31, 2020 and 2019</div>
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  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
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        <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">
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        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">28,834,866</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">34,430,208</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
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        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">819,312</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">975,262</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">33,487</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">53,917</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Total investments</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">29,687,665</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,459,387</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Receivables:</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Contribution receivable</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">58,392</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Accrued interest and dividends</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">299,540</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">278,432</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">
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        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">357,932</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">278,432</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 4px;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Net assets available for benefits</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">30,046,272</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,737,819</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
      </tr>

  </table>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt; font-size: 10pt; font-style: italic;">See notes to financial statements.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
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      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Community Trust Bancorp, Inc.</div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Employee Stock Ownership Plan</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Statements of Changes in Net Assets Available for Benefits</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">Years Ended December 31, 2020 and 2019</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; text-align: left; color: #000000; width: 100%;" id="z363d29ef1e7544178f0b6c340aa3a3e3">

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        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">2020</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">2019</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,834,920</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,657,451</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Investment income (loss):</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Net appreciation (depreciation) in fair value of investments</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(6,676,425</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">5,320,540</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Interest and dividends</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,182,169</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,128,975</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Total investment income (loss)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(5,494,256</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">6,449,515</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Deductions:</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Benefits paid to participants</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,032,211</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,379,611</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Increase (decrease) in net assets available for benefits</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(5,691,547</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">5,727,355</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Net assets available for benefits:</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Beginning of year</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,737,819</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">30,010,464</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 4px;">
          <div style="line-height: 11.4pt; font-size: 10pt;">End of year</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">30,046,272</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,737,819</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
      </tr>

  </table>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt; font-size: 10pt; font-style: italic;">See notes to financial statements.</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
    <div id="DSPFPageFooter">
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
    </div>
    <div id="DSPFPageBreak" style="page-break-after:always;">
      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    <div id="DSPFPageHeader"></div>
  </div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Community Trust Bancorp, Inc.</div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Employee Stock Ownership Plan</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Notes to Financial Statements</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">As of December 31, 2020 and 2019 and</div>
  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">For the Years Ended December 31, 2020 and 2019</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-weight: bold;">1.&#160; Description of Plan</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The following description of the Community Trust Bancorp, Inc. Employee Stock Ownership Plan (the &#8220;Plan&#8221;) is provided for general information purposes only.&#160; Participants should
    refer to the Plan Document and Summary Plan Description for more complete information, which are available from the Plan Administrator.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">General</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The Plan is an employee stock ownership plan covering substantially all employees of Community Trust Bancorp, Inc. (&#8220;CTBI&#8221;) and all participating subsidiaries, which include
    Community Trust Bank, Inc. and Community Trust and Investment Company (&#8220;CTIC&#8221;).&#160; CTIC served as trustee of the Plan for the years ended December 31, 2020 and 2019.&#160; CTIC also served as custodian of the Plan for the period from January 1, 2019 through
    September 11, 2020.&#160; Matrix Trust Company served as custodian of the Plan for the period from September 11, 2020 through December 31, 2020. The Plan is subject to certain provisions of the Employee Retirement Income Security Act of 1974 (ERISA).</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Eligibility</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">An employee becomes eligible to participate in the Plan on the entry date following the attainment of age twenty-one and completion of twelve consecutive months of employment in
    which the employee has at least 1,000 hours of service.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Contributions</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">In its sole discretion, annually CTBI shall determine an amount to contribute, if any, equal to a percentage of compensation for each eligible participant.&#160; The contributions are
    non-participant directed and invested directly in CTBI stock.&#160; During 2020 and 2019, the contribution percentage was 4%.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Participant Accounts</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Each participant&#8217;s account is credited with employer contributions. Earnings or losses on the investments are allocated in proportion to the participant&#8217;s interest therein.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Each participant is entitled to exercise voting rights attributable to the shares of CTBI common stock allocated to the participant&#8217;s account.&#160; The Retirement and Employee Benefits
    Committee is not permitted to vote any share for a participant.&#160; The trustee votes shares for which a participant has given no instructions.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Participant Investment Account Options</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The Plan provides for the establishment of various investment funds including CTBI common stock, mutual funds and money market funds.&#160; Employer contributions are automatically
    invested in CTBI common stock. Once a participant attains the age of 55 and has completed ten years of participation in the Plan, the participant may allocate a portion of their Plan balance to other investments within 90 days after the close of each
    Plan year.&#160; These elections may be made for six consecutive years.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Vesting</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Vesting of an employee&#8217;s interest is 100% in cases of normal retirement at age sixty-five, death or total disability.&#160; If a participant&#8217;s employment ceases for any other reason, the
    full value of his or her account is payable to him or her if he has completed at least 1,000 hours or more of vesting service for three plan years.&#160; Forfeited non vested accounts are allocated to the accounts of participants based upon compensation.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Payment of Benefits</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Distribution of funds as a result of retirement or termination from employment may be made either in a lump sum payment (including CTBI common stock if elected) or payments in cash
    and/or CTBI common stock made in equal annual installments over a period equal to five years.&#160; Notwithstanding the foregoing, if the vested interest in the ESOP Stock Fund of the Plan exceeds $1,150,000 (as adjusted per Code Section 409(o)), the
    distribution period may be extended by one year for each $230,000 (as adjusted per Code) or portion thereof that the ESOP Stock Fund&#160; exceeds $1,150,000, up to a maximum of five additional years.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Forfeited Accounts</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">At December 31, 2020 and 2019, forfeited non-vested accounts totaled <font style="color: #000000;">$30,170 </font>and $18,617, respectively.&#160; These amounts will be used to
    reinstate any previously forfeited balances required, if any, with the remainder reallocated to participants based upon compensation.</div>
  <br>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-weight: bold;">2.&#160; Summary of Significant Accounting Policies</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Basis of Accounting</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of
    America.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Valuation of Investments and Income Recognition</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Investments are reported at fair value.&#160; Common stocks and mutual funds are valued at the closing price reported on the active market on which the individual securities are traded.&#160;
    Dividend income is recorded on the ex-dividend date.&#160; Purchases and sales of securities are recognized on the trade date basis.&#160; Net appreciation/depreciation includes the Plan&#8217;s gains and losses on investments bought and sold as well as held during
    the year.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Market Risks and Use of Estimates</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and
    assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities.&#160; Actual results could differ from those estimates.</div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The Plan invests in various mutual funds and CTBI common stock.&#160; Investment securities, in general, are exposed to various risks, such as interest rates, credit, and overall market
    volatility.&#160; Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts
    reported in the statement of net assets available for plan benefits.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Administrative Expenses</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Administrative expenses of the Plan are paid by the Plan&#8217;s Sponsor as provided in the Plan document.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Payment of Benefits</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Distributions to participants are recorded by the Plan when payments are made.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
    <div id="DSPFPageFooter">
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
    </div>
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    <div id="DSPFPageHeader"></div>
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-weight: bold;">3.&#160; Net Assets by Participant and Non-Participant Directed Investments</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">All CTBI stock is non-participant directed, while the mutual and money market funds are participant directed. Information about the net assets and the significant components of the
    changes in net assets relating to the participant and non-participant directed investments is as follows:</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; text-align: left; color: #000000; width: 100%;" id="z7d2a3a69ca4a40ed8cf17ba9e59a8fc1">

      <tr>
        <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="10">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;"> 2020</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Participant Directed Funds</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Non-Participant Directed Employer Fund</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Total</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Additions:</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Investment income (loss):</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Net appreciation (depreciation) in fair value of investments</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">111,106</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(6,787,531</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$&#160;</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(6,676,425</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Interest and dividends</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">20,867</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,161,302</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,182,169</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Net investment income (loss)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">131,973</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(5,626,229</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(5,494,256</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Contributions</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">-</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,834,920</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,834,920</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Transfers from non-participant directed funds to participant directed funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">73,225</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">-</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(3,791,309</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(3,586,111</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Deductions:</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Benefits paid to participants</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(381,578</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(1,650,633</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,032,211</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Transfers from non-participant directed funds to participant directed funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">-</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(73,225</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(73,225</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Total deductions</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(381,578</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(1,723,858</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,105,436</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Net decrease</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(176,380</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(5,515,167</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(5,691,547</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Net assets available for benefits, beginning of year</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,029,179</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">34,708,640</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,737,819</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px;">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">852,799</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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          <div style="line-height: 11.4pt; font-size: 10pt;">29,193,473</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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          <div style="line-height: 11.4pt; font-size: 10pt;">30,046,272</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; text-align: left; color: #000000; width: 100%;" id="z474a749440644d03bda561ffb2f7d224">

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        <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;"> 2019</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Participant Directed Funds</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Non-Participant Directed Employer Fund</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Total</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
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        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Net appreciation in fair value of investments</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">152,259</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">5,168,281</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">5,320,540</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
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        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">38,732</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,090,243</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,128,975</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Net investment income</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">190,991</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">6,258,524</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">6,449,515</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Contributions</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">-</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,657,451</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,657,451</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Transfers from non-participant directed funds to participant directed funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">72,566</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">-</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">72,566</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Total additions</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">263,557</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">7,915,975</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">8,179,532</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%;">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Benefits paid to participants</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(212,967</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,166,644</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,379,611</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
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      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Transfers from non-participant directed funds to participant directed funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">-</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(72,566</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(72,566</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Total deductions</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(212,967</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,239,210</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">(2,452,177</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">)</div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt;">Net increase</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">50,590</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">5,676,765</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">5,727,355</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
          <div style="line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Net assets available for benefits, beginning of year</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">978,589</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">29,031,875</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">30,010,464</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px;">
          <div style="text-align: justify; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Net assets available for benefits, end of year</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,029,179</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">34,708,640</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,737,819</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
      </tr>

  </table>
  <br>
  <div style="line-height: 12.55pt; font-size: 10pt; font-weight: bold;">4.&#160; Federal Income Tax Status</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The Plan received a Letter of Determination from the Internal Revenue Service on August 28, 2015, stating the Plan and related trust are in compliance with the applicable
    requirements of the Internal Revenue Code, and therefore, not subject to tax.&#160; The Plan has been amended since receiving the initial IRS ruling.&#160; The Plan and related trust are currently designed and being operated in compliance with the applicable
    requirements of the Internal Revenue Code.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-weight: bold;">5.&#160; Plan Termination</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Although it has not expressed any intent to do so, CTBI has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions
    of ERISA.&#160; In the event of termination, participants will become fully vested in their accounts.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="line-height: 12.55pt; font-size: 10pt; font-weight: bold;">6.&#160; Exempt Party-In-Interest Transactions</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, any employer whose employees are covered
    by the Plan, and certain others.&#160; All amounts contributed to the Plan are received by CTIC as trustee and forwarded to the Custodian.&#160; Professional fees for the administration and audit of the Plan, investment of assets, and trustee services are paid
    by CTBI.&#160; During the years ended December 31, 2020 and 2019, the Plan received dividend income of <font style="color: #000000;">$1,142,015</font> and $1,071,331, respectively.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The Plan held the following party-in-interest investments (at fair value) at December 31:</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; text-align: left; color: #000000; width: 100%;" id="zbb409c509b9446bfb314c1c62c4d094d">

      <tr>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;"> 2020</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">2019</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
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          <div style="line-height: 11.4pt; font-size: 10pt;">CTBI common stock (in dollars)</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">28,834,866</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">34,430,208</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Shares outstanding</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">778,269</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">738,212</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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  </table>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-weight: bold;">7.&#160; Terminated Participants</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Included in net assets available for benefits are amounts allocated to individuals who have withdrawn from the Plan.&#160; Amounts distributed to these participants after December 31,
    2020 and 2019 were <font style="color: #000000;">$63,700</font> and $190,836, respectively.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-weight: bold;">8. Fair Value of Plan Assets</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">ASC Topic 820, <font style="font-style: italic;">Fair Value Measurements,</font> defines fair value, establishes a framework for measuring fair value in generally accepted
    accounting principles and expands disclosures about fair value measurements.&#160; In this standard, the FASB clarifies the principle that fair value should be based on the assumptions market participants would use when pricing the asset or liability.&#160; In
    support of this principle, ASC Topic 820 establishes a fair value hierarchy that prioritizes the information used to develop those assumptions.&#160; There have been no significant changes in the valuation techniques during the year ended December 31,
    2020.&#160; The Plan had no liabilities measured at fair value on a recurring basis.&#160; In addition, the Plan had no assets or liabilities measured at fair value on a nonrecurring basis.&#160; The fair value hierarchy is as follows:</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Level 1 Inputs &#8211; Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices
    for similar assets and liabilities in active markets, quoted prices in inactive markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted
    intervals.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity&#8217;s own assumptions about the assumptions that market participants
    would use in pricing the assets or liabilities.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Following are descriptions of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying statement of net
    assets available for benefits, as well as the general classification of such assets pursuant to the valuation hierarchy.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt; font-style: italic; font-weight: bold;">Investments</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Where quoted market prices are available in an active market, securities are classified within Level&#160;1 of the valuation hierarchy.&#160; Level&#160;1 securities include Community Trust
    Bancorp, Inc. common stock, mutual funds, and money market funds.&#160; Shares of mutual funds are valued at quoted market prices.&#160; The fair values of Community Trust Bancorp, Inc. common stock are derived from the closing price reported on the NASDAQ Stock
    Exchange.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The following table presents the fair value measurements of assets recognized in the accompanying statements of net assets available for benefits measured at fair value on a
    recurring basis and the level within the ASC Topic 820, fair value hierarchy, in which the fair value measurements fall at December 31, 2020 and December 31, 2019:</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; text-align: left; color: #000000; width: 100%;" id="zfcd9bf71f9324a7b9acd2b0afdf986ef">

      <tr>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="10">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Fair Value Measurements at December 31, 2020 Using</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Fair Value</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Quoted Prices in Active Markets for Identical Assets</div>
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">(Level 1)</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Significant Other Observable Inputs</div>
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">(Level 2)</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Significant Unobservable Inputs</div>
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">(Level 3)</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
          <div style="margin-right: 14.4pt; margin-left: 6pt; line-height: 11.4pt; font-size: 10pt;">CTBI common stock</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">28,834,866</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">28,834,866</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 52%;">
          <div style="margin-right: 14.4pt; margin-left: 6pt; line-height: 11.4pt; font-size: 10pt;">Mutual funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">819,312</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">819,312</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
          <div style="margin-right: 14.4pt; margin-left: 6pt; line-height: 11.4pt; font-size: 10pt;">Money market funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">33,487</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">33,487</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 4px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">29,687,665</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">29,687,665</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
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  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
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  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
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      <tr>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Fair Value Measurements at December 31, 2019 Using</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Fair Value</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">(Level 2)</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">Significant Unobservable Inputs</div>
          <div style="text-align: center; line-height: 11.4pt; font-size: 10pt; font-weight: bold;">(Level 3)</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
          <div style="margin-right: 14.4pt; margin-left: 6pt; line-height: 11.4pt; font-size: 10pt;">CTBI common stock</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">34,430,208</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">34,430,208</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 52%;">
          <div style="margin-right: 14.4pt; margin-left: 6pt; line-height: 11.4pt; font-size: 10pt;">Mutual funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">975,262</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">975,262</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
          <div style="margin-right: 14.4pt; margin-left: 6pt; line-height: 11.4pt; font-size: 10pt;">Money market funds</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">53,917</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">53,917</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 4px;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,459,387</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">35,459,387</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
      </tr>

  </table>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
    <div id="DSPFPageFooter">
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  <div style="line-height: 12.55pt; font-size: 10pt; font-weight: bold;">9.&#160; Risk and Uncertainties</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">Since March 13, 2020, the United States has been operating under a state of emergency in response to the spread of COVID-19.&#160; COVID-19 and related governmental responses have
    affected economic and financial market conditions as well as the operations, results, and prospects of companies across many industries.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-size: 10pt;">The coronavirus pandemic has caused increased volatility in financial markets and the possibility of prolonged adverse economic conditions.&#160; These changes in economic and financial
    market conditions could result in decreases in the fair value of Plan investments.<font style="font-style: italic;">&#160; </font>There is uncertainty around the duration and breadth of the COVID-19 pandemic, and as a result the ultimate impact to the fair
    value of Plan investments<font style="font-size: 12pt;">&#160;<font style="font-size: 10pt;">cannot be reasonably estimated</font>&#160;</font>at this time.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
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      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  <br>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">SUPPLEMENTAL SCHEDULES</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Community Trust Bancorp, Inc.</div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Employee Stock Ownership Plan</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
  <div style="text-align: center; line-height: 15.95pt; color: #000000; font-size: 14pt; font-weight: bold;">Form 5500, Schedule H, Part IV, Line 4i</div>
  <div style="text-align: center; line-height: 15.95pt; color: #000000; font-size: 14pt; font-weight: bold;">EIN 61-0979818, Plan #007</div>
  <div style="text-align: center; line-height: 15.95pt; color: #000000; font-size: 14pt; font-weight: bold;">Schedule of Assets (Held at Year-End)</div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-size: 12pt; font-weight: bold;">December 31, 2020</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
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          <div style="text-align: center; line-height: 11.4pt; color: #000000; font-size: 10pt; font-weight: bold;">Identity of Issuer (a) (b)</div>
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          <div style="text-align: center; line-height: 11.4pt; color: #000000; font-size: 10pt; font-weight: bold;">Description of Investment (c)</div>
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        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="text-align: center; line-height: 11.4pt; color: #000000; font-size: 10pt; font-weight: bold;">Cost (d)</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <div style="text-align: center; line-height: 11.4pt; color: #000000; font-size: 10pt; font-weight: bold;">Current Value (e)</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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      <tr>
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          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt; font-weight: bold;">Mutual Funds</div>
        </td>
        <td valign="bottom" style="vertical-align: top;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Federated MDT Small Cap Core Instl</div>
        </td>
        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Equity Fund, 581 units</div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Vanguard TG Retirement 2020 Inv</div>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Equity Bond Fund, 1,353 units</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">46,394</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Vanguard TG Retirement 2025 Inv</div>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Equity Bond Fund, 1,224 units</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">26,368</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Vanguard TG Retirement 2030 Inv</div>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Equity Bond Fund, 1,270 units</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">51,484</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Vanguard TG Retirement 2035 Inv</div>
        </td>
        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Equity Bond Fund, 1,002 units</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">25,266</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">William Blair Small-Mid Cap Gr I</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Goldman Sachs Short-Duration Inc Instl</div>
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          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Fixed Bond Fund, 3,654 units</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;"><br>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">37,786</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt; font-weight: bold;">Money Market Funds</div>
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        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">Goldman Sachs FS Government FST</div>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">** <br>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 38%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: top; width: 38%;" colspan="1">&#160;</td>
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        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <div style="line-height: 11.4pt; color: #000000; font-size: 10pt;">&#160; * Indicates a party-in-interest to the Plan.</div>
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  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Community Trust Bancorp, Inc.</div>
  <div style="text-align: center; line-height: 15.95pt; font-size: 14pt; font-weight: bold;">Employee Stock Ownership Plan</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  <div style="text-align: center; line-height: 15.95pt; color: #000000; font-size: 14pt; font-weight: bold;">Form 5500, Schedule H, Part IV, Line 4j</div>
  <div style="text-align: center; line-height: 15.95pt; color: #000000; font-size: 14pt; font-weight: bold;">EIN 61-0979818, Plan #007</div>
  <div style="text-align: center; line-height: 15.95pt; color: #000000; font-size: 14pt; font-weight: bold;">Schedule of Reportable Transactions</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
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  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-size: 12pt; font-weight: bold;">For the Year Ended December 31, 2020</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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      <tr>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;&#160;&#160;&#160;&#160;</td>
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      <tr>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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      <tr>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.333333333333333333333333333%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Community Trust Bancorp, Inc. common stock</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">2,919,899</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.333333333333333333333333333%; background-color: #CCEEFF;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">59</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">$</div>
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">2,919,899</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.333333333333333333333333333%; background-color: #CCEEFF;">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.333333333333333333333333333%;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.333333333333333333333333333%;">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.333333333333333333333333333%;">&#160;&#160;&#160;&#160;&#160;&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.333333333333333333333333333%; background-color: #CCEEFF;">
          <div style="line-height: 11.4pt; font-size: 10pt;">Community Trust Bancorp, Inc. common stock</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 21.3333%; background-color: rgb(204, 238, 255);">
          <div style="text-align: right; line-height: 11.4pt; font-size: 10pt;">$1,727,710</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">72</div>
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        <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
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        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 11.4pt; font-size: 10pt;">1,311,116</div>
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          <div style="text-align: right; line-height: 11.4pt; font-size: 10pt;">$416,594</div>
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  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">SIGNATURES</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; text-indent: 36pt; line-height: 12.55pt; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, CTBI has duly caused this report to be signed on its behalf by the undersigned thereunto duly
    authorized.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="line-height: 12.55pt;">
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        <tr>
          <td valign="top" style="width: 50%;">&#160;</td>
          <td valign="top" colspan="2" style="width: 38%;"><strong>COMMUNITY TRUST BANCORP, INC.<br>
            </strong></td>
          <td valign="top" style="width: 12%;">&#160;</td>
        </tr>
        <tr>
          <td valign="top" style="width: 50%;">&#160;</td>
          <td valign="top" style="width: 3%;">&#160;</td>
          <td valign="top" style="width: 35%;">&#160;</td>
          <td valign="top" style="width: 12%;">&#160;</td>
        </tr>
        <tr>
          <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
            <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">Date:&#160; June 28, 2021<br>
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            <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
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          <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Jean R. Hale<br>
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          <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
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        <tr>
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          <td valign="top" style="width: 3%;">&#160;</td>
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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>ctbi11k2020esopex23-1.htm
<DESCRIPTION>CTBI 2020 ESOP FORM 11-K EXHIBIT 23.1
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  <div style="text-align: right; line-height: 12.55pt; font-size: 10pt; font-weight: bold;">Exhibit 23.1</div>
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  <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
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  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 12pt; font-size: 10pt;">We consent to the incorporation by reference in Registration Statement on Form S-8 (Registration No. 333-208053) of Community Trust Bancorp, Inc. of our report
    dated June 28, 2021, relating to the financial statements and supplemental schedules of the Community Trust Bancorp, Inc. Employee Stock Ownership Plan, which appears in this Annual Report on Form 11-K of the Community Trust Bancorp, Inc. Employee
    Stock Ownership Plan for the year ended December 31, 2020.</div>
  <div style="line-height: 12.55pt; margin-bottom: 12pt;"><font style="font-weight: bold;">/s/ BKD. LLP</font><br style="line-height: 12.55pt;">
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  <div style="line-height: 12.55pt; font-size: 10pt;">Louisville, Kentucky</div>
  <div style="line-height: 12.55pt; font-size: 10pt;">June 28, 2021</div>
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