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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Reconciliation of Revenues and Measures of Profit or Loss from Segment to Consolidated

The following tables present the reconciliations of reportable segment revenues and measures of profit or loss and line item reconciliation to CTBI’s consolidated financial statement totals.

(in thousands) Year Ended December 31, 2024		Community Banking Services				Holding Company				Eliminations				Consolidated
Interest income:
Interest and fees on loans, including loans held for sale		$	274,619			$	0			$	0			$	274,619
Interest and dividends on securities:
Taxable			24,953				0				0				24,953
Tax exempt			2,553				0				0				2,553
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock			783				0				0				783
Interest on Federal Reserve Bank deposits			10,101				0				0				10,101
Other, including interest on federal funds sold			301				133				0				434
Total interest income			313,310				133				0				313,443
Interest expense:
Interest on deposits			112,516				0				0				112,516
Interest on repurchase agreements and federal funds purchased			10,393				0				0				10,393
Interest on advances from Federal Home Loan Bank			16				0				0				16
Interest on long-term debt			365				4,410				(252	)			4,523
Total interest expense			123,290				4,410				(252	)			127,448
Net interest income			190,020				(4,277	)			252				185,995
Provision for credit losses			10,951				0				0				10,951
Net interest income after provision for credit losses			179,069				(4,277	)			252				175,044
Noninterest income:
Deposit related fees			29,824				0				0				29,824
Gains on sales of loans, net			294				0				0				294
Trust and wealth management income			14,921				0				0				14,921
Loan related fees			4,957				0				0				4,957
Bank owned life insurance			5,236				0				0				5,236
Brokerage revenue			2,272				0				0				2,272
Securities gains (losses)			631				0				0				631
Dividend and undistributed income from subsidiaries			0				88,430				(88,430	)			0
Other noninterest income			5,540				1,173				(2,283	)			4,430
Total noninterest income			63,675				89,603				(90,713	)			62,565
Noninterest expense:
Officer salaries and employee benefits			15,107				2,039				(830	)			16,316
Other salaries and employee benefits			63,111				873				(873	)			63,111
Occupancy, net			9,440				2				0				9,442
Equipment			2,746				201				(185	)			2,762
Data processing			11,152				20				0				11,172
Bank franchise tax			1,685				0				0				1,685
Legal fees			906				184				0				1,090
Professional fees			2,581				441				(239	)			2,783
Advertising and marketing			3,078				52				0				3,130
FDIC insurance			2,586				0				0				2,586
Other real estate owned provision and expense			152				0				0				152
Repossession expense			1,089				0				0				1,089
Other noninterest expense			14,666				1,095				(156	)			15,605
Total noninterest expense			128,299				4,907				(2,283	)			130,923
Income before income taxes			114,445				80,419				(88,178	)			106,686
Income taxes			26,267				(2,394	)			0				23,873
Net income		$	88,178			$	82,813			$	(88,178	)		$	82,813

(in thousands) Year Ended December 31, 2023		Community Banking Services				Holding Company				Eliminations				Consolidated
Interest income:
Interest and fees on loans, including loans held for sale		$	230,844			$	0			$	0			$	230,844
Interest and dividends on securities:
Taxable			27,263				0				0				27,263
Tax exempt			2,678				0				0				2,678
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock			759				0				0				759
Interest on Federal Reserve Bank deposits			6,831				0				0				6,831
Other, including interest on federal funds sold			146				129				0				275
Total interest income			268,521				129				0				268,650
Interest expense:
Interest on deposits			81,167				0				0				81,167
Interest on repurchase agreements and federal funds purchased			8,994				0				0				8,994
Interest on advances from Federal Home Loan Bank			1,004				0				0				1,004
Interest on long-term debt			333				4,286				(244	)			4,375
Total interest expense			91,498				4,286				(244	)			95,540
Net interest income			177,023				(4,157	)			244				173,110
Provision for credit losses			6,811				0				0				6,811
Net interest income after provision for credit losses			170,212				(4,157	)			244				166,299
Noninterest income:
Deposit related fees			29,935				0				0				29,935
Gains on sales of loans, net			395				0				0				395
Trust and wealth management income			13,025				0				0				13,025
Loan related fees			3,792				0				0				3,792
Bank owned life insurance			3,517				0				0				3,517
Brokerage revenue			1,473				0				0				1,473
Securities gains (losses)			996				0				0				996
Dividend and undistributed income from subsidiaries			0				83,593				(83,593	)			0
Other noninterest income			5,551				1,400				(2,425	)			4,526
Total noninterest income			58,684				84,993				(86,018	)			57,659
Noninterest expense:
Officer salaries and employee benefits			13,766				2,511				(1,071	)			15,206
Other salaries and employee benefits			58,505				826				(826	)			58,505
Occupancy, net			8,900				0				0				8,900
Equipment			2,943				125				(125	)			2,943
Data processing			9,711				15				0				9,726
Bank franchise tax			1,649				0				0				1,649
Legal fees			1,008				123				0				1,131
Professional fees			2,083				383				(247	)			2,219
Advertising and marketing			3,191				23				0				3,214
FDIC insurance			2,483				0				0				2,483
Other real estate owned provision and expense			350				0				0				350
Repossession expense			531				0				0				531
Other noninterest expense			17,852				838				(157	)			18,533
Total noninterest expense			122,972				4,844				(2,426	)			125,390
Income before income taxes			105,924				75,992				(83,348	)			98,568
Income taxes			22,576				(2,012	)			0				20,564
Net income		$	83,348			$	78,004			$	(83,348	)		$	78,004

(in thousands) Year Ended December 31, 2022		Community Banking Services				Holding Company				Eliminations				Consolidated
Interest income:
Interest and fees on loans, including loans held for sale		$	169,885			$	0			$	0			$	169,885
Interest and dividends on securities:
Taxable			21,695				0				0				21,695
Tax exempt			2,998				0				0				2,998
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock			603				0				0				603
Interest on Federal Reserve Bank deposits			2,439				0				0				2,439
Other, including interest on federal funds sold			60				62				0				122
Total interest income			197,680				62				0				197,742
Interest expense:
Interest on deposits			24,068				0				0				24,068
Interest on repurchase agreements and federal funds purchased			2,540				0				0				2,540
Interest on advances from Federal Home Loan Bank			20				0				0				20
Interest on long-term debt			70				2,060				(118	)			2,012
Total interest expense			26,698				2,060				(118	)			28,640
Net interest income			170,982				(1,998	)			118				169,102
Provision for credit losses			4,905				0				0				4,905
Net interest income after provision for credit losses			166,077				(1,998	)			118				164,197
Noninterest income:
Deposit related fees			29,049				0				0				29,049
Gains on sales of loans, net			1,525				0				0				1,525
Trust and wealth management income			12,394				0				0				12,394
Loan related fees			6,185				0				0				6,185
Bank owned life insurance			2,708				0				0				2,708
Brokerage revenue			1,846				0				0				1,846
Securities gains (losses)			(168	)			0				0				(168	)
Dividend and undistributed income from subsidiaries			0				86,202				(86,202	)			0
Other noninterest income			5,430				710				(1,763	)			4,377
Total noninterest income			58,969				86,912				(87,965	)			57,916
Noninterest expense:
Officer salaries and employee benefits			13,877				2,570				(525	)			15,922
Other salaries and employee benefits			56,568				801				(801	)			56,568
Occupancy, net			8,380				0				0				8,380
Equipment			2,703				75				(75	)			2,703
Data processing			8,889				24				(3	)			8,910
Bank franchise tax			1,528				0				0				1,528
Legal fees			1,044				115				0				1,159
Professional fees			2,125				402				(252	)			2,275
Advertising and marketing			2,982				23				0				3,005
FDIC insurance			1,447				0				0				1,447
Other real estate owned provision and expense			456				0				0				456
Repossession expense			546				0				0				546
Other noninterest expense			17,381				898				(107	)			18,172
Total noninterest expense			117,926				4,908				(1,763	)			121,071
Income before income taxes			107,120				80,006				(86,084	)			101,042
Income taxes			21,036				(1,808	)			0				19,228
Net income		$	86,084			$	81,814			$	(86,084	)		$	81,814

Other Segment Disclosures

The following tables present other segment disclosures:

(thousands) Year Ended December 31, 2024		Community Banking Services				Holding Company				Eliminations				Consolidated
Depreciation		$	3,622			$	201			$	0			$	3,823
Amortization of operating lease right-of-use assets			1,180				0				0				1,180
Significant non-cash items:
Provision for credit losses			10,951				0				0				10,951
Change in cash surrender value of bank owned life insurance			3,995				0				0				3,995
Expenditures for long-lived assets			7,807				271				0				8,078

(thousands) Year Ended December 31, 2023		Community Banking Services				Holding Company				Eliminations				Consolidated
Depreciation		$	3,666			$	125			$	0			$	3,791
Amortization of operating lease right-of-use assets			1,560				0				0				1,560
Significant non-cash items:
Provision for credit losses			6,811				0				0				6,811
Change in cash surrender value of bank owned life insurance			2,361				0				0				2,361
Expenditures for long-lived assets			6,093				229				0				6,322

(thousands) Year Ended December 31, 2022		Community Banking Services				Holding Company				Eliminations				Consolidated
Depreciation		$	3,305			$	76			$	0			$	3,381
Amortization of operating lease right-of-use assets			1,838				0				0				1,838
Significant non-cash items:
Provision for credit losses			4,905				0				0				4,905
Change in cash surrender value of bank owned life insurance			1,650				0				0				1,650
Expenditures for long-lived assets			6,123				95				0				6,218

Reconciliation of Reportable Segment Assets to Consolidated

Below is a reconciliation of our reportable segment assets to CTBI’s consolidated total assets:

(in thousands)		December 31 2024				December 31 2023
Assets
Community banking services assets		$	6,186,518			$	5,765,286
Holding company assets			822,851				767,923
Elimination of subsidiary and parent cash and intercompany receivables			(3,780	)			(6,317	)
Elimination of investment in subsidiaries			(812,345	)			(757,196	)
Consolidated total assets		$	6,193,245			$	5,769,696

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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