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Loans (Tables)
 9 Months Ended
Sep. 30, 2014
Loans [Abstract]  
Summary of major classification of loans net of unearned income and deferred loan origination cost
Major classifications of loans, net of unearned income, deferred loan origination costs, and net premiums on acquired loans, are summarized as follows:

 
(in thousands)
 
September 30
2014
  
December 31
2013
 
Commercial construction
 $120,248  $110,779 
Commercial secured by real estate
  931,455   872,542 
Equipment lease financing
  10,055   8,840 
Commercial other
  347,035   374,881 
Real estate construction
  62,105   56,075 
Real estate mortgage
  703,323   697,601 
Home equity
  88,291   84,880 
Consumer direct
  121,367   122,215 
Consumer indirect
  300,026   287,541 
Total loans
 $2,683,905  $2,615,354 
Nonaccrual loans segregated by class of loans
Nonaccrual loans segregated by class of loans were as follows:

 (in thousands)
 
September 30
2014
  
December 31
2013
 
Commercial:
      
Commercial construction
 $4,700  $4,519 
Commercial secured by real estate
  14,202   6,576 
Commercial other
  3,134   2,801 
          
Residential:
        
Real estate construction
  413   481 
Real estate mortgage
  6,019   5,152 
Home equity
  483   429 
Total nonaccrual loans
 $28,951  $19,958 
Bank's loan portfolio aging analysis, segregated by class
The following tables present CTBI’s loan portfolio aging analysis, segregated by class, as of September 30, 2014 and December 31, 2013:

   
September 30, 2014
 
(in thousands)
 
30-59 Days Past Due
  
60-89 Days Past Due
  
90+ Days Past Due
  
Total Past Due
  
Current
  
Total Loans
  
90+ and Accruing*
 
Commercial:
                     
Commercial construction
 $142  $0  $5,951  $6,093  $114,155  $120,248  $1,251 
Commercial secured by real estate
  4,428   1,646   19,233   25,307   906,148   931,455   5,680 
Equipment lease financing
  0   0   0   0   10,055   10,055   0 
Commercial other
  2,351   2,410   5,466   10,227   336,808   347,035   2,882 
Residential:
                            
Real estate construction
  122   188   1,004   1,314   60,791   62,105   607 
Real estate mortgage
  1,402   4,350   12,914   18,666   684,657   703,323   8,361 
Home equity
  760   305   723   1,788   86,503   88,291   425 
Consumer:
                            
Consumer direct
  1,349   363   43   1,755   119,612   121,367   43 
Consumer indirect
  2,009   371   358   2,738   297,288   300,026   358 
Total
 $12,563  $9,633  $45,692  $67,888  $2,616,017  $2,683,905  $19,607 

   
December 31, 2013
 
(in thousands)
 
30-59 Days Past Due
  
60-89 Days Past Due
  
90+ Days Past Due
  
Total Past Due
  
Current
  
Total Loans
  
90+ and Accruing*
 
Commercial:
                     
Commercial construction
 $250  $166  $6,012  $6,428  $104,351  $110,779  $1,673 
Commercial secured by real estate
  3,703   1,982   16,660   22,345   850,197   872,542   12,403 
Equipment lease financing
  0   0   0   0   8,840   8,840   0 
Commercial other
  344   422   6,156   6,922   367,959   374,881   3,723 
Residential:
                            
Real estate construction
  81   383   694   1,158   54,917   56,075   213 
Real estate mortgage
  1,274   4,419   9,346   15,039   682,562   697,601   4,847 
Home equity
  786   330   737   1,853   83,027   84,880   324 
Consumer:
                            
Consumer direct
  1,063   291   119   1,473   120,742   122,215   119 
Consumer indirect
  2,750   668   297   3,715   283,826   287,541   297 
Total
 $10,251  $8,661  $40,021  $58,933  $2,556,421  $2,615,354  $23,599 

*90+ and Accruing are also included in 90+ Days Past Due column.
Credit risk profile of the bank's commercial loan portfolio based on rating category and payment activity, segregated by class of loans
The following table presents the credit risk profile of CTBI’s commercial loan portfolio based on rating category and payment activity, segregated by class of loans, as of September 30, 2014 and December 31, 2013:

 (in thousands)
 
Commercial Construction
  
Commercial Secured by Real Estate
  
Equipment Leases
  
Commercial Other
  
Total
 
September 30, 2014
               
Pass
 $100,227  $814,562  $10,055  $300,255  $1,225,099 
Watch
  8,876   66,827   0   35,301   111,004 
OAEM
  1,495   13,436   0   868   15,799 
Substandard
  5,099   23,564   0   7,727   36,390 
Doubtful
  4,551   13,066   0   2,884   20,501 
Total
 $120,248  $931,455  $10,055  $347,035  $1,408,793 
                      
December 31, 2013
                    
Pass
 $85,699  $746,202  $8,840  $321,819  $1,162,559 
Watch
  13,519   77,561   0   32,800   123,880 
OAEM
  0   6,639   0   6,200   12,839 
Substandard
  7,208   37,334   0   11,772   56,314 
Doubtful
  4,353   4,806   0   2,291   11,450 
Total
 $110,779  $872,542  $8,840  $374,881  $1,367,042 
Credit risk profile of residential real estate and consumer loan portfolio based on performing and nonperforming status segregated by class
The following table presents the credit risk profile of the CTBI’s residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by class, as of September 30, 2014 and December 31, 2013:

(in thousands)
 
Real Estate Construction
  
Real Estate Mortgage
  
Home Equity
  
Consumer Direct
  
Consumer
Indirect
  
Total
 
September 30, 2014
                  
Performing
 $61,085  $688,943  $87,383  $121,324  $299,668  $1,258,403 
Nonperforming (1)
  1,020   14,380   908   43   358   16,709 
Total
 $62,105  $703,323  $88,291  $121,367  $300,026  $1,275,112 
                          
December 31, 2013
                        
Performing
 $55,381  $687,602  $84,127  $122,096  $287,244  $1,236,450 
Nonperforming (1)
  694   9,999   753   119   297   11,862 
Total
 $56,075  $697,601  $84,880  $122,215  $287,541  $1,248,312 

(1)  A loan is considered nonperforming if it is 90 days or more past due and/or on nonaccrual.
Impaired loans, average investment in impaired loans, and interest income recognized on impaired loans
The following tables present impaired loans, the average investment in impaired loans, and interest income recognized on impaired loans for the periods ended September 30, 2014, December 31, 2013, and September 30, 2013:

   
September 30, 2014
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
         
Commercial construction
 $5,250  $5,251  $0 
Commercial secured by real estate
  33,010   34,086   0 
Commercial other
  15,972   18,247   0 
Real estate mortgage
  1,874   1,875   0 
              
Loans with a specific valuation allowance:
            
Commercial construction
  4,149   4,149   734 
Commercial secured by real estate
  6,070   6,219   1,273 
Commercial other
  586   710   211 
              
Totals:
            
Commercial construction
  9,399   9,400   734 
Commercial secured by real estate
  39,080   40,305   1,273 
Commercial other
  16,558   18,957   211 
Real estate mortgage
  1,874   1,875   0 
Total
 $66,911  $70,537  $2,218 

   
Three Months Ended
  
Nine Months Ended
 
   
September 30, 2014
  
September 30, 2014
 
(in thousands)
 
Average Investment in Impaired Loans
  
*Interest Income Recognized
  
Average Investment in Impaired Loans
  
*Interest Income Recognized
 
Loans without a specific valuation allowance:
            
Commercial construction
 $5,259  $44  $5,330  $172 
Commercial secured by real estate
  33,290   261   34,464   858 
Commercial other
  17,577   248   16,421   619 
Real estate mortgage
  1,860   12   1,583   44 
                  
Loans with a specific valuation allowance:
                
Commercial construction
  4,213   0   4,270   0 
Commercial secured by real estate
  6,076   5   4,912   9 
Commercial other
  587   0   460   0 
                  
Totals:
                
Commercial construction
  9,472   44   9,600   172 
Commercial secured by real estate
  39,366   266   39,376   867 
Commercial other
  18,164   248   16,881   619 
Real estate mortgage
  1,860   12   1,583   44 
Total
 $68,862  $570  $67,440  $1,702 
 
   
December 31, 2013
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
  
Average Investment in Impaired Loans
  
*Interest Income Recognized
 
Loans without a specific valuation allowance:
               
Commercial construction
 $5,457  $5,458  $0  $5,595  $240 
Commercial secured by real estate
  35,258   36,173   0   32,472   1,231 
Commercial other
  14,839   16,435   0   15,396   568 
Real estate mortgage
  1,024   1,024   0   934   43 
                      
Loans with a specific valuation allowance:
                    
Commercial construction
  4,353   4,359   1,189   4,935   0 
Commercial secured by real estate
  4,039   4,326   1,005   5,033   1 
Commercial other
  330   453   102   525   0 
                      
Totals:
                    
Commercial construction
  9,810   9,817   1,189   10,530   240 
Commercial secured by real estate
  39,297   40,499   1,005   37,505   1,232 
Commercial other
  15,169   16,888   102   15,921   568 
Real estate mortgage
  1,024   1,024   0   934   43 
Total
 $65,300  $68,228  $2,296  $64,890  $2,083 

   
September 30, 2013
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
         
Commercial construction
 $5,586  $6,163  $0 
Commercial secured by real estate
  31,054   31,929   0 
Commercial other
  15,179   18,212   0 
Real estate mortgage
  1,028   1,028   0 
              
Loans with a specific valuation allowance:
            
Commercial construction
  4,557   4,563   1,827 
Commercial secured by real estate
  5,423   5,733   1,295 
Commercial other
  465   590   158 
              
Totals:
            
Commercial construction
  10,143   10,726   1,827 
Commercial secured by real estate
  36,477   37,662   1,295 
Commercial other
  15,644   18,802   158 
Real estate mortgage
  1,028   1,028   0 
Total
 $63,292  $68,218  $3,280 

   
Three Months Ended
  
Nine Months Ended
 
   
September 30, 2013
  
September 30, 2013
 
(in thousands)
 
Average Investment in Impaired Loans
  
*Interest Income Recognized
  
Average Investment in Impaired Loans
  
*Interest Income Recognized
 
Loans without a specific valuation allowance:
            
Commercial construction
 $5,597  $77  $5,622  $204 
Commercial secured by real estate
  31,142   405   31,491   938 
Commercial other
  15,264   134   15,508   439 
Real estate mortgage
  1,027   8   903   32 
                  
Loans with a specific valuation allowance:
                
Commercial construction
  4,572   0   5,101   0 
Commercial secured by real estate
  5,622   0   5,362   0 
Commercial other
  515   0   587   0 
                  
Totals:
                
Commercial construction
  10,169   77   10,723   204 
Commercial secured by real estate
  36,764   405   36,853   938 
Commercial other
  15,779   134   16,095   439 
Real estate mortgage
  1,027   8   903   32 
Total
 $63,739  $624  $64,574  $1,613 

*Cash basis interest is substantially the same as interest income recognized.
Troubled debt restructuring
Presented below, segregated by class of loans, are troubled debt restructurings that occurred during the three and nine months ended September 30, 2014 and 2013 and the year ended December 31, 2013:

   
Three Months Ended
September 30, 2014
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  1  $7  $0  $0  $7 
Commercial secured by real estate
  4   2,416   0   67   2,483 
Commercial other
  4   451   0   0   451 
Total troubled debt restructurings
  9  $2,874  $0  $67  $2,941 

   
Nine Months Ended
September 30, 2014
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  1  $7  $0  $0  $7 
Commercial secured by real estate
  7   2,647   0   67   2,714 
Commercial other
  7   512   0   0   512 
Residential:
                    
Real estate mortgage
  2   0   0   849   849 
Total troubled debt restructurings
  17  $3,166  $0  $916  $4,082 

   
Three Months Ended
September 30, 2013
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial secured by real estate
  3  $905  $0  $0  $905 
Commercial other
  7   103   0   60   163 
Total troubled debt restructurings
  10  $1,008  $0  $60  $1,068 
 
   
Nine Months Ended
September 30, 2013
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  6  $2,603  $0  $0  $2,603 
Commercial secured by real estate
  23   2,172   0   0   2,172 
Commercial other
  29   6,468   0   152   6,620 
Residential:
                    
Real estate mortgage
  1   373   0   0   373 
Total troubled debt restructurings
  59  $11,616  $0  $152  $11,768 

   
Year Ended
December 31, 2013
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  6  $2,603  $0  $0  $2,603 
Commercial secured by real estate
  27   2,568   0   2,920   5,488 
Commercial other
  30   6,471   0   152   6,623 
Residential:
                    
Real estate mortgage
  1   373   0   0   373 
Total troubled debt restructurings
  64  $12,015  $0  $3,072  $15,087 
Summary of defaulted restructured loans
Presented below, segregated by class of loans, are loans that were modified as troubled debt restructurings within the past twelve months which have subsequently defaulted.  CTBI generally considers a loan in default when it is 90 days or more past due or transferred to nonaccrual.

 (in thousands)
 
Three Months Ended
September 30, 2014
  
Nine Months Ended
September 30, 2014
 
   
Number of Loans
  
Recorded Balance
  
Number of Loans
  
Recorded Balance
 
Commercial:
            
Commercial secured by real estate
  1  $2,892   1  $2,892 
Residential:
                
Real estate mortgage
  1   594   2   1,175 
Total defaulted restructured loans
  2  $3,486   3  $4,067 

 (in thousands)
 
Three Months Ended
September 30, 2013
  
Nine Months Ended
September 30, 2013
 
   
Number of Loans
  
Recorded Balance
  
Number of Loans
  
Recorded Balance
 
Commercial:
            
Commercial secured by real estate
  1   69   1   69 
Commercial other
  2   173   7   2,203 
Total defaulted restructured loans
  3  $242   8  $2,272