Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

6.  Related Party Transactions

In the ordinary course of business, CTB has made extensions of credit and had transactions with certain directors and executive officers of CTBI or our subsidiaries, including their associates (as defined by the Securities and Exchange Commission).  We believe such extensions of credit and transactions were made on substantially the same terms, including interest rate and collateral, as those prevailing at the same time for comparable transactions with other persons.

Activity for related party extensions of credit during 2015 and 2014 is as follows:

(in thousands)	2015			2014
Related party extensions of credit, beginning of period	$	37,473		$	33,103
New loans and advances on lines of credit		867			5,500
Repayments		(9,116	)		(1,281	)
Increase (decrease) due to changes in related parties		0			151
Related party extensions of credit, end of period	$	29,224		$	37,473

The aggregate balances of related party deposits at December 31, 2015 and 2014 were $12.5 million and $12.4 million, respectively.

A director of CTBI is a shareholder in a law firm that provided services to CTBI and its subsidiaries during the years 2015, 2014, and 2013.  Approximately $1.2 million in legal fees and $0.1 million in expenses paid on behalf of CTBI, $1.3 million total, were paid to this law firm during 2015.  Approximately $1.0 million in legal fees and $0.1 million in expenses, $1.1 million total, were paid during 2014, and approximately $1.1 million in legal fees and $0.2 million in expenses, $1.3 million in total, were paid during 2013.