XML 49 R35.htm IDEA: XBRL DOCUMENT

Loans (Tables)

12 Months Ended

Dec. 31, 2023

Major Classification of Loans Net of Unearned Income, Deferred Loan Origination Costs and Net Premiums on Acquired Loans

Major classifications of loans, net of unearned income, deferred loan origination costs and fees, and net premiums on acquired loans, are summarized as follows:

(in thousands)	December 31 2023		December 31 2022
Hotel/motel	$	395,765	$	343,640
Commercial real estate residential		417,943		372,914
Commercial real estate nonresidential		778,637		762,349
Dealer floorplans		70,308		77,533
Commercial other		321,082		312,422
Commercial loans		1,983,735		1,868,858

Real estate mortgage		937,524		824,996
Home equity lines		147,036		120,540
Residential loans		1,084,560		945,536

Consumer direct		159,106		157,504
Consumer indirect		823,505		737,392
Consumer loans		982,611		894,896

Loans and lease financing	$	4,050,906	$	3,709,290

Shift in Reserve Estimates Due to Change in Modeling

During the quarter ended June 30, 2023, CTBI implemented third party software for its ACL calculations. During the implementation process, discounted cash flow (“DCF”) modeling was chosen for all loan segments. The primary reasons that contributed to this decision were: DCF models allow for the effective incorporation of a reasonable and supportable forecast in a directionally consistent and objective manner; the analysis aligns well with other calculations outside of the ACL estimation which will mitigate model risk in other areas; and peer data is available for certain inputs if first -party data is not available or meaningful. This change in modeling resulted in a shift in our reserve estimates as of June 30, 2023 as presented below:

(in thousands)	ACL Software June 30, 2023		CTBI Internal ACL Model June 30, 2023		Change in Allocation

Hotel/motel	$	5,192	$	6,038	$	(846	)
Commercial real estate residential		3,749		4,669		(920	)
Commercial real estate nonresidential		7,797		8,794		(997	)
Dealer floorplans		1,157		1,719		(562	)
Commercial other		6,176		4,547		1,629
Commercial loans reserve allocation		24,071		25,767		(1,696	)

Real estate mortgage		7,884		8,443		(559	)
Home equity lines		1,108		1,065		43
Residential loans reserve allocation		8,992		9,508		(516	)

Consumer direct		2,563		1,673		890
Consumer indirect		12,392		10,959		1,433
Consumer loans reserve allocation		14,955		12,632		2,323

Loans and lease financing allowance for credit loss	$	48,018		47,907	$	111

Balance in ACL

The following tables present the balance in the ACL for the years ended December 31, 2023 and December 31, 2022.

	Year Ended December 31, 2023
(in thousands)	Beginning Balance		Provision Charged to Expense			Losses Charged Off			Recoveries		Ending Balance
ACL
Hotel/motel	$	5,171	$	(579	)	$	0		$	0	$	4,592
Commercial real estate residential		4,894		(706	)		(28	)		125		4,285
Commercial real estate nonresidential		9,419		(2,252	)		(294	)		687		7,560
Dealer floorplans		1,776		(1,117	)		0			0		659
Commercial other		5,285		(91	)		(1,900	)		466		3,760
Real estate mortgage		7,932		2,364			(140	)		41		10,197
Home equity		1,106		278			(23	)		6		1,367
Consumer direct		1,694		1,804			(541	)		304		3,261
Consumer indirect		8,704		7,110			(5,333	)		3,381		13,862
Total	$	45,981	$	6,811		$	(8,259	)	$	5,010	$	49,543

	Year Ended December 31, 2022
(in thousands)	Beginning Balance		Provision Charged to Expense			Losses Charged Off			Recoveries		Ending Balance
ACL
Hotel/motel	$	5,080	$	307		$	(216	)	$	0	$	5,171
Commercial real estate residential		3,986		951			(92	)		49		4,894
Commercial real estate nonresidential		8,884		(154	)		(46	)		735		9,419
Dealer floorplans		1,436		340			0			0		1,776
Commercial other		4,422		947			(1,082	)		998		5,285
Real estate mortgage		7,637		466			(223	)		52		7,932
Home equity		866		257			(37	)		20		1,106
Consumer direct		1,951		(210	)		(609	)		562		1,694
Consumer indirect		7,494		2,001			(3,041	)		2,250		8,704
Total	$	41,756	$	4,905		$	(5,346	)	$	4,666	$	45,981

Nonaccrual Loans and Accruing Loans 90 Days Past Due Segregated by Class of Loans

Refer to note 1 to the consolidated financial statements for further information regarding our nonaccrual policy. Nonaccrual loans and loans 90 days past due and still accruing segregated by class of loans for both December 31, 2023 and December 31, 2022 were as follows:

	December 31, 2023
(in thousands)	Nonaccrual Loans with No ACL		Nonaccrual Loans with ACL		90+ and Still Accruing		Total Nonperforming Loans

Hotel/motel	$	0	$	0	$	0	$	0
Commercial real estate residential		0		498		1,059		1,557
Commercial real estate nonresidential		0		680		2,270		2,950
Dealer floorplans		0		0		0		0
Commercial other		236		452		162		850
Total commercial loans		236		1,630		3,491		5,357

Real estate mortgage		0		1,996		5,302		7,298
Home equity lines		0		186		557		743
Total residential loans		0		2,182		5,859		8,041

Consumer direct		0		0		15		15
Consumer indirect		0		0		555		555
Total consumer loans		0		0		570		570

Loans and lease financing	$	236	$	3,812	$	9,920	$	13,968

	December 31, 2022
(in thousands)	Nonaccrual Loans with No ACL		Nonaccrual Loans with ACL		90+ and Still Accruing		Total Nonperforming Loans

Hotel/motel	$	0	$	0	$	0	$	0
Commercial real estate residential		0		355		258		613
Commercial real estate nonresidential		0		1,116		1,947		3,063
Dealer floorplans		0		0		0		0
Commercial other		0		982		369		1,351
Total commercial loans		0		2,453		2,574		5,027

Real estate mortgage		0		4,069		4,929		8,998
Home equity lines		0		291		487		778
Total residential loans		0		4,360		5,416		9,776

Consumer direct		0		0		41		41
Consumer indirect		0		0		465		465
Total consumer loans		0		0		506		506

Loans and lease financing	$	0	$	6,813	$	8,496	$	15,309

Bank's Loan Portfolio Aging Analysis, Segregated by Class

The following tables present CTBI’s loan portfolio aging analysis, segregated by class, as of December 31, 2023 and December 31, 2022 (includes loans 90 days past due and still accruing as well):

	December 31, 2023
(in thousands)	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Past Due		Current		Total Loans
Hotel/motel	$	0	$	0	$	0	$	0	$	395,765	$	395,765
Commercial real estate residential		1,047		275		1,525		2,847		415,096		417,943
Commercial real estate nonresidential		549		332		2,619		3,500		775,137		778,637
Dealer floorplans		0		0		0		0		70,308		70,308
Commercial other		663		494		641		1,798		319,284		321,082
Total commercial loans		2,259		1,101		4,785		8,145		1,975,590		1,983,735

Real estate mortgage		1,323		3,455		6,168		10,946		926,578		937,524
Home equity lines		911		273		707		1,891		145,145		147,036
Total residential loans		2,234		3,728		6,875		12,837		1,071,723		1,084,560

Consumer direct		1,013		118		15		1,146		157,960		159,106
Consumer indirect		4,550		1,029		555		6,134		817,371		823,505
Total consumer loans		5,563		1,147		570		7,280		975,331		982,611

Loans and lease financing	$	10,056	$	5,976	$	12,230	$	28,262	$	4,022,644	$	4,050,906

	December 31, 2022
(in thousands)	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Past Due		Current		Total Loans
Hotel/motel	$	0	$	0	$	0	$	0	$	343,640	$	343,640
Commercial real estate residential		602		225		574		1,401		371,513		372,914
Commercial real estate nonresidential		2,549		395		2,611		5,555		756,794		762,349
Dealer floorplans		0		0		0		0		77,533		77,533
Commercial other		1,029		850		496		2,375		310,047		312,422
Total commercial loans		4,180		1,470		3,681		9,331		1,859,527		1,868,858

Real estate mortgage		869		3,402		7,067		11,338		813,658		824,996
Home equity lines		786		44		740		1,570		118,970		120,540
Total residential loans		1,655		3,446		7,807		12,908		932,628		945,536

Consumer direct		555		126		41		722		156,782		157,504
Consumer indirect		4,407		764		465		5,636		731,756		737,392
Total consumer loans		4,962		890		506		6,358		888,538		894,896

Loans and lease financing	$	10,797	$	5,806	$	11,994	$	28,597	$	3,680,693	$	3,709,290

Credit Risk Profile of the Bank's Commercial Loan Portfolio Based on Rating Category and Payment Activity, Segregated by Class of Loans

The following tables present the credit risk profile of CTBI’s commercial loan portfolio based on rating category and payment activity, segregated by class of loans and based on last credit decision or year of origination:

	Term Loans Amortized Cost Basis by Origination Year
(in thousands) December 31	2023			2022			2021			2020			2019			Prior			Revolving Loans		Total
Hotel/motel
Risk rating:
Pass	$	79,651		$	144,826		$	28,011		$	17,664		$	40,873		$	42,030		$	4,042	$	357,097
Watch		11,569			2,826			6,835			4,623			3,361			1,648			0		30,862
OAEM		0			3,982			0			0			0			1,954			0		5,936
Substandard		0			0			0			0			0			1,118			0		1,118
Doubtful		0			0			0			0			0			752			0		752
Total hotel/motel		91,220			151,634			34,846			22,287			44,234			47,502			4,042		395,765

Commercial real estate residential
Risk rating:
Pass		109,304			89,119			98,896			30,972			11,908			36,964			14,700		391,863
Watch		2,317			2,131			473			1,395			721			6,359			124		13,520
OAEM		0			0			0			0			0			63			0		63
Substandard		760			854			4,532			834			285			5,232			0		12,497
Doubtful		0			0			0			0			0			0			0		0
Total commercial real estate residential		112,381			92,104			103,901			33,201			12,914			48,618			14,824		417,943

Commercial real estate residential current period gross charge-offs		0			0			(28	)		0			0			0			0		(28	)

Commercial real estate nonresidential
Risk rating:
Pass		149,633			142,580			136,090			68,240			55,850			140,074			31,536		724,003
Watch		552			3,664			6,305			2,347			1,938			6,003			354		21,163
OAEM		2,375			15			0			7,255			0			1,486			0		11,131
Substandard		2,520			1,598			2,538			4,472			2,000			9,199			0		22,327
Doubtful		0			0			0			0			0			13			0		13
Total commercial real estate nonresidential		155,080			147,857			144,933			82,314			59,788			156,775			31,890		778,637

Commercial real estate nonresidential current period gross charge-offs		0			0			(7	)		0			0			(287	)		0		(294	)

Dealer floorplans
Risk rating:
Pass		0			0			0			0			0			0			70,308		70,308
Watch		0			0			0			0			0			0			0		0
OAEM		0			0			0			0			0			0			0		0
Substandard		0			0			0			0			0			0			0		0
Doubtful		0			0			0			0			0			0			0		0
Total dealer floorplans		0			0			0			0			0			0			70,308		70,308

Commercial other
Risk rating:
Pass		73,115			47,575			40,448			30,033			4,780			22,588			81,791		300,330
Watch		1,138			1,109			569			126			239			635			5,877		9,693
OAEM		29			0			0			0			0			0			30		59
Substandard		4,921			3,581			381			890			211			403			613		11,000
Doubtful		0			0			0			0			0			0			0		0
Total commercial other		79,203			52,265			41,398			31,049			5,230			23,626			88,311		321,082

Commercial other current period gross charge-offs		(725	)		(710	)		(302	)		(27	)		(90	)		(46	)		0		(1,900	)

Commercial loans
Risk rating:

Pass		411,703			424,100			303,445			146,909			113,411			241,655			202,377		1,843,600
Watch		15,576			9,730			14,182			8,491			6,259			14,645			6,355		75,238
OAEM		2,404			3,997			0			7,255			0			3,503			30		17,189
Substandard		8,201			6,033			7,451			6,196			2,496			15,952			613		46,942
Doubtful		0			0			0			0			0			766			0		766
Total commercial loans	$	437,884		$	443,860		$	325,078		$	168,851		$	122,166		$	276,521		$	209,375	$	1,983,735

Total commercial loans current period gross charge-offs	$	(725	)	$	(710	)	$	(337	)	$	(27	)	$	(90	)	$	(333	)	$	0	$	(2,222	)

	Term Loans Amortized Cost Basis by Origination Year
(in thousands) December 31	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
Hotel/motel
Risk rating:
Pass	$	145,262	$	36,002	$	17,742	$	54,328	$	13,178	$	35,179	$	545	$	302,236
Watch		7,921		8,996		5,523		3,453		0		13,555		0		39,448
OAEM		0		0		0		0		0		1,956		0		1,956
Substandard		0		0		0		0		0		0		0		0
Doubtful		0		0		0		0		0		0		0		0
Total hotel/motel		153,183		44,998		23,265		57,781		13,178		50,690		545		343,640

Commercial real estate residential
Risk rating:
Pass		119,826		110,963		38,423		15,467		10,492		36,307		14,297		345,775
Watch		1,474		898		1,675		848		2,136		7,015		152		14,198
OAEM		0		0		0		39		0		0		29		68
Substandard		182		4,289		1,878		346		3,639		2,539		0		12,873
Doubtful		0		0		0		0		0		0		0		0
Total commercial real estate residential		121,482		116,150		41,976		16,700		16,267		45,861		14,478		372,914

Commercial real estate nonresidential
Risk rating:
Pass		175,220		171,311		80,932		70,848		44,099		137,575		23,166		703,151
Watch		3,331		5,765		10,090		2,178		1,962		10,022		1,550		34,898
OAEM		19		0		0		0		0		90		0		109
Substandard		1,939		2,537		4,877		3,135		508		10,865		25		23,886
Doubtful		0		0		0		0		0		305		0		305
Total commercial real estate nonresidential		180,509		179,613		95,899		76,161		46,569		158,857		24,741		762,349

Dealer floorplans
Risk rating:

Pass		0		0		0		0		0		0		77,153		77,153
Watch		0		0		0		0		0		0		380		380
OAEM		0		0		0		0		0		0		0		0
Substandard		0		0		0		0		0		0		0		0
Doubtful		0		0		0		0		0		0		0		0
Total dealer floorplans		0		0		0		0		0		0		77,533		77,533

Commercial other
Risk rating:
Pass		78,846		60,550		34,841		8,922		2,333		23,961		77,355		286,808
Watch		1,622		393		604		217		159		780		6,402		10,177
OAEM		30		0		0		0		0		0		30		60
Substandard		6,090		5,489		885		356		143		758		952		14,673
Doubtful		466		129		0		109		0		0		0		704
Total commercial other		87,054		66,561		36,330		9,604		2,635		25,499		84,739		312,422

Commercial loans
Risk rating:
Pass		519,154		378,826		171,938		149,565		70,102		233,022		192,516		1,715,123
Watch		14,348		16,052		17,892		6,696		4,257		31,372		8,484		99,101
OAEM		49		0		0		39		0		2,046		59		2,193
Substandard		8,211		12,315		7,640		3,837		4,290		14,162		977		51,432
Doubtful		466		129		0		109		0		305		0		1,009
Total commercial loans	$	542,228	$	407,322	$	197,470	$	160,246	$	78,649	$	280,907	$	202,036	$	1,868,858

Credit Risk Profile of Residential Real Estate and Consumer Loan Portfolio Based on Performing and Nonperforming Status Segregated by Class

The following tables present the credit risk profile of CTBI’s residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by class:

(in thousands)	Term Loans Amortized Cost Basis by Origination Year
December 31	2023			2022			2021			2020			2019			Prior			Revolving Loans		Total
Home equity lines
Performing	$	0		$	0		$	0		$	0		$	0		$	7,630		$	138,663	$	146,293
Nonperforming		0			0			0			0			0			442			301		743
Total home equity lines		0			0			0			0			0			8,072			138,964		147,036

Home equity lines current period gross charge-offs		0			0			0			0			0			(23	)		0		(23	)

Mortgage loans
Performing		200,442			162,407			159,857			119,772			56,601			231,147			0		930,226
Nonperforming		0			200			151			192			533			6,222			0		7,298
Total mortgage loans		200,442			162,607			160,008			119,964			57,134			237,369			0		937,524

Mortgage loans current period gross charge-offs		0			0			(47	)		0			(40	)		(53	)		0		(140	)

Residential loans
Performing		200,442			162,407			159,857			119,772			56,601			238,777			138,663		1,076,519
Nonperforming		0			200			151			192			533			6,664			301		8,041
Total residential loans	$	200,442		$	162,607		$	160,008		$	119,964		$	57,134		$	245,441		$	138,964	$	1,084,560

Total residential loans current period gross charge-offs		0			0			(47	)		0			(40	)		(76	)		0		(163	)

Consumer direct loans
Performing	$	63,686		$	34,722		$	26,250		$	15,560		$	6,951		$	11,922		$	0	$	159,091
Nonperforming		0			4			11			0			0			0			0		15
Total consumer direct loans		63,686			34,726			26,261			15,560			6,951			11,922			0		159,106

Total consumer direct loans current period gross charge-offs		(65	)		(263	)		(129	)		(37	)		(27	)		(20	)		0		(541	)

Consumer indirect loans
Performing		359,049			251,086			109,231			69,319			23,767			10,498			0		822,950
Nonperforming		133			223			157			11			22			9			0		555
Total consumer indirect loans		359,182			251,309			109,388			69,330			23,789			10,507			0		823,505

Total consumer indirect loans current period gross charge-offs		(541	)		(2,320	)		(1,688	)		(492	)		(121	)		(171	)		0		(5,333	)

Consumer loans
Performing		422,735			285,808			135,481			84,879			30,718			22,420			0		982,041
Nonperforming		133			227			168			11			22			9			0		570
Total consumer loans	$	422,868		$	286,035		$	135,649		$	84,890		$	30,740		$	22,429		$	0	$	982,611

Total consumer loans current period gross charge-offs	$	(606	)	$	(2,583	)	$	(1,817	)	$	(529	)	$	(148	)	$	(191	)	$	0	$	(5,874	)

(in thousands)	Term Loans Amortized Cost Basis by Origination Year
December 31	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
Home equity lines
Performing	$	0	$	0	$	0	$	0	$	0	$	10,195	$	109,567	$	119,762
Nonperforming		0		0		0		0		0		502		276		778
Total home equity lines		0		0		0		0		0		10,697		109,843		120,540

Mortgage loans
Performing		176,736		177,469		132,795		62,415		30,473		236,110		0		815,998
Nonperforming		0		282		98		791		422		7,405		0		8,998
Total mortgage loans		176,736		177,751		132,893		63,206		30,895		243,515		0		824,996

Residential loans
Performing		176,736		177,469		132,795		62,415		30,473		246,305		109,567		935,760
Nonperforming		0		282		98		791		422		7,907		276		9,776
Total residential loans	$	176,736	$	177,751	$	132,893	$	63,206	$	30,895	$	254,212	$	109,843	$	945,536

Consumer direct loans
Performing	$	62,239	$	42,014	$	23,921	$	11,166	$	6,766	$	11,357	$	0	$	157,463
Nonperforming		25		11		5		0		0		0		0		41
Total consumer direct loans		62,264		42,025		23,926		11,166		6,766		11,357		0		157,504

Consumer indirect loans
Performing		371,079		168,513		116,267		45,748		26,247		9,073		0		736,927
Nonperforming		65		251		96		30		1		22		0		465
Total consumer indirect loans		371,144		168,764		116,363		45,778		26,248		9,095		0		737,392

Consumer loans
Performing		433,318		210,527		140,188		56,914		33,013		20,430		0		894,390
Nonperforming		90		262		101		30		1		22		0		506
Total consumer loans	$	433,408	$	210,789	$	140,289	$	56,944	$	33,014	$	20,452	$	0	$	894,896

Collateral Dependent Loans Evaluated Individually by Segment

In accordance with ASC 326-20-30-2, if a loan does not share risk characteristics with other pooled loans in determining the ACL, the loan shall be evaluated for expected credit losses on an individual basis. Of the loans that CTBI has individually evaluated, the loans listed below by segment are those that are collateral dependent:

	December 31, 2023
(in thousands)	Number of Loans		Recorded Investment		Specific Reserve
Hotel/motel		3	$	6,810	$	0
Commercial real estate residential		2		5,080		0
Commercial real estate nonresidential		9		21,637		250
Commercial other		2		5,658		0
Total collateral dependent loans		16	$	39,185	$	250

	December 31, 2022
(in thousands)	Number of Loans		Recorded Investment		Specific Reserve
Hotel/motel		1	$	1,168	$	0
Commercial real estate residential		4		7,786		0
Commercial real estate nonresidential		8		14,718		200
Commercial other		2		8,926		1,000
Total collateral dependent loans		15	$	32,598	$	1,200

Modified Loans Segregated by Class of Loans and Concession Granted

Certain loans have been modified where the customer is facing financial difficulty and economic concessions were granted to borrowers consisting of reductions in the interest rates, payment extensions, forgiveness of principal, and forbearances. These loans, segregated by class of loans and concession granted, are presented below for the year ended December 31, 2023:

	Interest Rate Reduction					Term Extension
(in thousands)	Amortized Cost at December 31, 2023		% of total			Amortized Cost at December 31, 2023		% of total
Hotel/motel	$	0		0.00	%	$	0		0.00	%
Commercial real estate residential		534		0.13			1,788		0.43
Commercial real estate nonresidential		4,504		0.58			5,342		0.69
Dealer floorplans		0		0.00			0		0.00
Commercial other		0		0.00			6,025		1.88
Commercial loans		5,038		0.25			13,155		0.66

Real estate mortgage		581		0.06			5,431		0.58
Home equity lines		0		0.00			246		0.17
Residential loans		581		0.05			5,677		0.52

Consumer direct		0		0.00			165		0.10
Consumer indirect		0		0.00			334		0.04
Consumer loans		0		0.00			499		0.05

Loans and lease financing	$	5,619		0.14	%	$	19,331		0.48	%

	Combination – Term Extension and Interest Rate Reduction					Payment Change
(in thousands)	Amortized Cost at December 31, 2023		% of total			Amortized Cost at December 31, 2023		% of total
Hotel/motel	$	0		0.00	%	$	1,955		0.49	%
Commercial real estate residential		0		0.00			218		0.05
Commercial real estate nonresidential		0		0.00			0		0.00
Dealer floorplans		0		0.00			0		0.00
Commercial other		29		0.01			288		0.09
Commercial loans		29		0.00			2,461		0.01

Real estate mortgage		1,101		0.12			0		0.00
Home equity lines		125		0.09			42		0.03
Residential loans		1,226		0.11			42		0.00

Consumer direct		0		0.00			18		0.01
Consumer indirect		0		0.00			0		0.00
Consumer loans		0		0.00			18		0.00

Loans and lease financing	$	1,255		0.03	%	$	2,521		0.06	%

Financial Effect of Modifications Made to Borrowers Experiencing Financial Difficulty

The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023:

Loan Type	Interest Rate Reduction Financial Impact	Term Extension Financial Impact

Hotel/motel

Commercial real estate residential	Reduced weighted-average contractual interest rate from 9.5% to 7.8%	Added a weighted-average 0.5 years to life of the loans

Commercial real estate nonresidential	Reduced weighted-average contractual interest rate from 9.5% to 7.5%	Added a weighted-average 0.1 years to life of the loans

Dealer floorplans

Commercial other		Added a weighted-average 3.0 years to life of the loans

Real estate mortgage	Reduced weighted-average contractual interest rate from 7.0% to 4.4%	Added a weighted-average 2.8 years to life of the loans

Home equity lines		Added a weighted-average 6.1 years to life of the loans

Consumer direct		Removed a weighted-average 0.8 years to life of the loans

Consumer indirect		Added a weighted-average 0.3 years to life of the loans

Loan Type	Combination – Term Extension and Interest Rate Reduction Financial Impact	Payment Changes Financial Impact

Hotel/motel		Provided payment changes that will be added to the end of the original loan term

Commercial real estate residential		Provided payment changes that will be added to the end of the original loan term

Commercial real estate nonresidential

Dealer floorplans

Commercial other	Reduced weighted-average contractual interest rate from 12.8% to 11.3% and increased the weighted-average life by 2.9 years	Provided payment changes that will be added to the end of the original loan term

Real estate mortgage	Reduced weighted-average contractual interest rate from 6.3% to 5.8% and increased the weighted-average life by 12.2 years

Home equity lines	Reduced weighted-average contractual interest rate from 9.4% to 8.1% and increased the weighted-average life by 9.3 years	Provided payment changes that will be added to the end of the original loan term

Consumer direct		Provided payment changes that will be added to the end of the original loan term

Consumer indirect

Troubled Debt Restructurings

Presented below, segregated by class of loans, are TDRs that occurred during the year ended December 31, 2022:

			Year Ended December 31, 2022
			Pre-Modification Outstanding Balance
(in thousands)	Number of Loans			Term Modification		Combination		Other		Total Modification
Commercial real estate residential		6		$	659	$	0	$	66	$	725
Commercial real estate nonresidential		8			1,206		0		118		1,324
Hotel/motel		0			0		0		0		0
Commercial other		22			12,812		0		66		12,878
Total commercial loans		36			14,677		0		250		14,927

Real estate mortgage		5			593		1,309		0		1,902
Total residential loans		5			593		1,309		0		1,902

Total troubled debt restructurings		41		$	15,270	$	1,309	$	250	$	16,829

			Year Ended December 31, 2022
			Post-Modification Outstanding Balance
(in thousands)	Number of Loans			Term Modification		Combination		Other		Total Modification
Commercial real estate residential		6		$	659	$	0	$	66	$	725
Commercial real estate nonresidential		8			1,342		0		118		1,460
Hotel/motel		0			0		0		0		0
Commercial other		22			12,811		0		66		12,877
Total commercial loans		36			14,812		0		250		15,062

Real estate mortgage		5			593		1,309		0		1,902
Total residential loans		5			593		1,309		0		1,902

Total troubled debt restructurings		41		$	15,405	$	1,309	$	250	$	16,964

Payment Status of Modified Loans to Borrowers Experiencing Financial Difficulty

The table below represents the payment status of modified loans to borrowers experiencing financial difficulty as of December 31, 2023.

	Past Due Status (Amortized Cost Basis)
	Current		30-89 Days		90+ Days		Nonaccrual
Hotel/motel	$	1,955	$	0	$	0	$	0
Commercial real estate residential		2,128		412		0		0
Commercial real estate nonresidential		9,846		0		0		0
Dealer floorplans		0		0		0		0
Commercial other		5,683		371		0		287
Real estate mortgage		6,382		0		361		370
Home equity lines		361		0		32		21
Consumer direct		159		24		0		0
Consumer indirect		303		31		0		0
Total	$	26,817	$	838	$	393	$	678

Loans Modified as TDRs That Subsequently Defaulted

The allowance for credit losses may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan. Presented below, segregated by class of loans, are loans that were modified as TDRs during the year ended December 31, 2022 that subsequently defaulted. CTBI considers a loan in default when it is 90 days or more past due or transferred to nonaccrual.

(in thousands)	Year Ended December 31, 2022
	Number of Loans		Recorded Balance
Residential:
Real estate mortgage		2	$	751
Total defaulted restructured loans		2	$	751