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Regulatory Matters | 12 Months Ended
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Dec. 31, 2024
Regulatory Matters [Abstract] |
Regulatory Matters | 20. Regulatory Matters CTBI’s principal source of funds is dividends received from our banking subsidiary, CTB. Regulations limit the amount of dividends that may be paid by CTB without prior approval. During 2025, approximately $102.6 million plus any 2025 net profits can be paid by CTB without prior regulatory approval. CTBI and CTB are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a material adverse effect on CTBI’s financial statements. Under regulatory capital adequacy guidelines, CTBI and CTB must meet specific capital guidelines that involve quantitative measures of CTBI’s and CTB’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Additionally, CTB must meet specific capital guidelines to be considered well capitalized per the regulatory framework for prompt corrective action. CTBI’s and CTB’s capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors. CTBI and CTB must maintain certain minimum capital ratios as set forth in the table below for capital adequacy purposes. On October 29, 2019, federal banking regulators adopted a final rule to simplify the regulatory capital requirements for eligible community banks and holding companies that opt-in to the community bank leverage ratio framework (the “CBLR framework”), as required by Section 201 of the Economic Growth, Relief and Consumer Protection Act of 2018. Under the final rule, which became effective as of January 1, 2020, community banks and holding companies (which includes CTB and CTBI) that satisfy certain qualifying criteria, including having less than $10 billion in average total consolidated assets and a leverage ratio (referred to as the “community bank leverage ratio”) of greater than 9%, were eligible to opt-in to the CBLR framework. The community bank leverage ratio is the ratio of a banking organization’s Tier 1 capital to its average total consolidated assets, both as reported on the banking organization’s applicable regulatory filings. Accordingly, a qualifying community banking organization that has a community bank leverage ratio greater than 9% will be considered to have met: (i) the risk-based and leverage capital requirements of the generally applicable capital rules; (ii) the capital ratio requirements in order to be considered well-capitalized under the prompt corrective action framework; and (iii) any other applicable capital or leverage requirements. Management elected to use the CBLR framework for CTBI and CTB. CTBI’s and CTB’s CBLR ratios as of December 31, 2024 and 2023 are disclosed below. Consolidated Capital Ratios
|  | Actual |  |  | For Capital Adequacy Purposes |
(in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
As of December 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |
CBLR |  | $ | 847,280 |  |  |  | 13.76 | % |  | $ | 554,207 |  |  |  | 9.00 | %
As of December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |
CBLR |  | $ | 797,672 |  |  |  | 13.69 | % |  | $ | 524,234 |  |  |  | 9.00 | %
Community Trust Bank, Inc.’s Capital Ratios
|  | Actual |  |  | For Capital Adequacy Purposes |
(in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
As of December 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |
CBLR |  | $ | 813,737 |  |  |  | 13.29 | % |  | $ | 551,141 |  |  |  | 9.00 | %
As of December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |
CBLR |  | $ | 766,180 |  |  |  | 13.22 | % |  | $ | 521,612 |  |  |  | 9.00 | %

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