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Loans (Tables)
 9 Months Ended
Sep. 30, 2016
Loans [Abstract]  
Summary of 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 net premiums on acquired loans, are summarized as follows:

 
(in thousands)
 
September 30
2016
  
December 31
2015
 
Commercial construction
 
$
68,275
  
$
78,020
 
Commercial secured by real estate
  
1,083,640
   
1,052,919
 
Equipment lease financing
  
6,242
   
8,514
 
Commercial other
  
354,984
   
358,898
 
Real estate construction
  
55,412
   
61,750
 
Real estate mortgage
  
706,028
   
707,874
 
Home equity
  
89,467
   
89,450
 
Consumer direct
  
131,815
   
126,406
 
Consumer indirect
  
435,436
   
390,130
 
Total loans
 
$
2,931,299
  
$
2,873,961
 
Nonaccrual Loans Segregated by Class of Loans
Nonaccrual loans segregated by class of loans were as follows:

 (in thousands)
 
September 30
2016
  
December 31
2015
 
Commercial:
      
Commercial construction
 
$
2,216
  
$
3,402
 
Commercial secured by real estate
  
7,328
   
5,928
 
Commercial other
  
1,446
   
1,485
 
         
Residential:
        
Real estate construction
  
11
   
249
 
Real estate mortgage
  
5,475
   
5,206
 
Home equity
  
322
   
183
 
         
Consumer:
        
Consumer direct
  
0
   
110
 
Total nonaccrual loans
 
$
16,798
  
$
16,563
 
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, 2016 and December 31, 2015:

  
September 30, 2016
 
(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
 
$
41
  
$
0
  
$
2,215
  
$
2,256
  
$
66,019
  
$
68,275
  
$
24
 
Commercial secured by real estate
  
3,720
   
2,850
   
9,196
   
15,766
   
1,067,874
   
1,083,640
   
5,001
 
Equipment lease financing
  
0
   
0
   
0
   
0
   
6,242
   
6,242
   
0
 
Commercial other
  
1,277
   
236
   
1,283
   
2,796
   
352,188
   
354,984
   
345
 
Residential:
                            
Real estate construction
  
1,386
   
286
   
478
   
2,150
   
53,262
   
55,412
   
478
 
Real estate mortgage
  
897
   
5,762
   
8,369
   
15,028
   
691,000
   
706,028
   
4,819
 
Home equity
  
947
   
320
   
641
   
1,908
   
87,559
   
89,467
   
405
 
Consumer:
                            
Consumer direct
  
901
   
250
   
109
   
1,260
   
130,555
   
131,815
   
109
 
Consumer indirect
  
2,406
   
977
   
317
   
3,700
   
431,736
   
435,436
   
317
 
Total
 
$
11,575
  
$
10,681
  
$
22,608
  
$
44,864
  
$
2,886,435
  
$
2,931,299
  
$
11,498
 

  
December 31, 2015
 
(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
 
$
36
  
$
6
  
$
3,431
  
$
3,473
  
$
74,547
  
$
78,020
  
$
30
 
Commercial secured by real estate
  
2,947
   
622
   
7,923
   
11,492
   
1,041,427
   
1,052,919
   
3,757
 
Equipment lease financing
  
199
   
0
   
0
   
199
   
8,315
   
8,514
   
0
 
Commercial other
  
762
   
121
   
1,476
   
2,359
   
356,539
   
358,898
   
310
 
Residential:
                            
Real estate construction
  
443
   
62
   
291
   
796
   
60,954
   
61,750
   
55
 
Real estate mortgage
  
1,128
   
3,888
   
10,907
   
15,923
   
691,951
   
707,874
   
6,925
 
Home equity
  
527
   
148
   
580
   
1,255
   
88,195
   
89,450
   
448
 
Consumer:
                            
Consumer direct
  
835
   
479
   
126
   
1,440
   
124,966
   
126,406
   
126
 
Consumer indirect
  
2,133
   
814
   
395
   
3,342
   
386,788
   
390,130
   
395
 
Total
 
$
9,010
  
$
6,140
  
$
25,129
  
$
40,279
  
$
2,833,682
  
$
2,873,961
  
$
12,046
 

*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 tables present 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, 2016 and December 31, 2015:

 (in thousands)
 
Commercial Construction
  
Commercial Secured by Real Estate
  
Equipment Leases
  
Commercial Other
  
Total
 
September 30, 2016
               
Pass
 
$
55,878
  
$
970,069
  
$
5,885
  
$
304,799
  
$
1,336,631
 
Watch
  
4,006
   
54,232
   
0
   
31,638
   
89,876
 
OAEM
  
2,330
   
27,688
   
357
   
6,675
   
37,050
 
Substandard
  
5,871
   
31,095
   
0
   
11,052
   
48,018
 
Doubtful
  
190
   
556
   
0
   
820
   
1,566
 
Total
 
$
68,275
  
$
1,083,640
  
$
6,242
  
$
354,984
  
$
1,513,141
 
                     
December 31, 2015
                    
Pass
 
$
62,978
  
$
937,196
  
$
8,514
  
$
312,100
  
$
1,320,788
 
Watch
  
4,931
   
71,830
   
0
   
37,670
   
114,431
 
OAEM
  
2,206
   
13,765
   
0
   
963
   
16,934
 
Substandard
  
6,780
   
29,232
   
0
   
7,072
   
43,084
 
Doubtful
  
1,125
   
896
   
0
   
1,093
   
3,114
 
Total
 
$
78,020
  
$
1,052,919
  
$
8,514
  
$
358,898
  
$
1,498,351
 
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 the CTBI’s residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by class, as of September 30, 2016 and December 31, 2015:

(in thousands)
 
Real Estate Construction
  
Real Estate Mortgage
  
Home Equity
  
Consumer Direct
  
Consumer
Indirect
  
Total
 
September 30, 2016
                  
Performing
 
$
54,923
  
$
695,734
  
$
88,740
  
$
131,706
  
$
435,119
  
$
1,406,222
 
Nonperforming (1)
  
489
   
10,294
   
727
   
109
   
317
   
11,936
 
Total
 
$
55,412
  
$
706,028
  
$
89,467
  
$
131,815
  
$
435,436
  
$
1,418,158
 
                         
December 31, 2015
                        
Performing
 
$
61,446
  
$
695,743
  
$
88,819
  
$
126,170
  
$
389,735
  
$
1,361,913
 
Nonperforming (1)
  
304
   
12,131
   
631
   
236
   
395
   
13,697
 
Total
 
$
61,750
  
$
707,874
  
$
89,450
  
$
126,406
  
$
390,130
  
$
1,375,610
 

(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 table presents impaired loans, the average investment in impaired loans, and interest income recognized on impaired loans for the periods ended September 30, 2016, December 31, 2015, and September 30, 2015:

  
September 30, 2016
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
         
Commercial construction
 
$
4,270
  
$
4,293
  
$
0
 
Commercial secured by real estate
  
32,311
   
33,004
   
0
 
Commercial other
  
11,382
   
13,191
   
0
 
Real estate mortgage
  
1,489
   
1,489
   
0
 
             
Loans with a specific valuation allowance:
            
Commercial construction
  
1,668
   
1,670
   
212
 
Commercial secured by real estate
  
3,537
   
4,688
   
747
 
Commercial other
  
388
   
408
   
190
 
             
Totals:
            
Commercial construction
  
5,938
   
5,963
   
212
 
Commercial secured by real estate
  
35,848
   
37,692
   
747
 
Commercial other
  
11,770
   
13,599
   
190
 
Real estate mortgage
  
1,489
   
1,489
   
0
 
Total
 
$
55,045
  
$
58,743
  
$
1,149
 

  
Three Months Ended
  
Nine Months Ended
 
  
September 30, 2016
  
September 30, 2016
 
(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
 
$
4,299
  
$
63
  
$
4,450
  
$
168
 
Commercial secured by real estate
  
32,534
   
390
   
31,795
   
1,164
 
Commercial other
  
11,497
   
153
   
11,564
   
470
 
Real estate mortgage
  
1,492
   
15
   
1,759
   
45
 
                 
Loans with a specific valuation allowance:
                
Commercial construction
  
1,798
   
0
   
2,524
   
0
 
Commercial secured by real estate
  
3,547
   
1
   
3,957
   
19
 
Commercial other
  
405
   
0
   
597
   
0
 
                 
Totals:
                
Commercial construction
  
6,097
   
63
   
6,974
   
168
 
Commercial secured by real estate
  
36,081
   
391
   
35,752
   
1,183
 
Commercial other
  
11,902
   
153
   
12,161
   
470
 
Real estate mortgage
  
1,492
   
15
   
1,759
   
45
 
Total
 
$
55,572
  
$
622
  
$
56,646
  
$
1,866
 

  
December 31, 2015
 
(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
 
$
2,861
  
$
2,862
  
$
0
  
$
4,574
  
$
200
 
Commercial secured by real estate
  
30,761
   
32,166
   
0
   
30,605
   
1,378
 
Commercial other
  
7,500
   
9,148
   
0
   
8,802
   
316
 
Real estate mortgage
  
1,744
   
1,744
   
0
   
1,179
   
50
 
                     
Loans with a specific valuation allowance:
                    
Commercial construction
  
3,402
   
3,402
   
831
   
3,631
   
0
 
Commercial secured by real estate
  
2,660
   
2,768
   
1,227
   
2,349
   
7
 
Commercial other
  
960
   
1,153
   
403
   
836
   
1
 
                     
Totals:
                    
Commercial construction
  
6,263
   
6,264
   
831
   
8,205
   
200
 
Commercial secured by real estate
  
33,421
   
34,934
   
1,227
   
32,954
   
1,385
 
Commercial other
  
8,460
   
10,301
   
403
   
9,638
   
317
 
Real estate mortgage
  
1,744
   
1,744
   
0
   
1,179
   
50
 
Total
 
$
49,888
  
$
53,243
  
$
2,461
  
$
51,976
  
$
1,952
 

  
September 30, 2015
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
         
Commercial construction
 
$
4,669
  
$
4,669
  
$
0
 
Commercial secured by real estate
  
30,318
   
31,551
   
0
 
Commercial other
  
7,163
   
8,804
   
0
 
Real estate mortgage
  
1,189
   
1,189
   
0
 
             
Loans with a specific valuation allowance:
            
Commercial construction
  
3,411
   
3,412
   
719
 
Commercial secured by real estate
  
835
   
1,075
   
317
 
Commercial other
  
754
   
935
   
312
 
             
Totals:
            
Commercial construction
  
8,080
   
8,081
   
719
 
Commercial secured by real estate
  
31,153
   
32,626
   
317
 
Commercial other
  
7,917
   
9,739
   
312
 
Real estate mortgage
  
1,189
   
1,189
   
0
 
Total
 
$
48,339
  
$
51,635
  
$
1,348
 

  
Three Months Ended
  
Nine Months Ended
 
  
September 30, 2015
  
September 30, 2015
 
(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
 
$
4,864
  
$
41
  
$
5,142
  
$
160
 
Commercial secured by real estate
  
30,713
   
316
   
30,357
   
985
 
Commercial other
  
7,312
   
73
   
9,182
   
201
 
Real estate mortgage
  
1,183
   
13
   
1,090
   
37
 
                 
Loans with a specific valuation allowance:
                
Commercial construction
  
3,445
   
0
   
3,712
   
0
 
Commercial secured by real estate
  
841
   
6
   
2,244
   
7
 
Commercial other
  
776
   
1
   
788
   
1
 
                 
Totals:
                
Commercial construction
  
8,309
   
41
   
8,854
   
160
 
Commercial secured by real estate
  
31,554
   
322
   
32,601
   
992
 
Commercial other
  
8,088
   
74
   
9,970
   
202
 
Real estate mortgage
  
1,183
   
13
   
1,090
   
37
 
Total
 
$
49,134
  
$
450
  
$
52,515
  
$
1,391
 

*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, 2016 and 2015 and the year ended December 31, 2015:

  
Three Months Ended
September 30, 2016
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial secured by real estate
  
2
  
$
152
  
$
0
  
$
0
  
$
152
 
Total troubled debt restructurings
  
2
  
$
152
  
$
0
  
$
0
  
$
152
 

  
Nine Months Ended
September 30, 2016
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  
5
  
$
1,408
  
$
0
  
$
0
  
$
1,408
 
Commercial secured by real estate
  
23
   
5,761
   
0
   
580
   
6,341
 
Commercial other
  
16
   
5,041
   
0
   
0
   
5,041
 
Residential:
                    
Real estate mortgage
  
1
   
0
   
0
   
280
   
280
 
Total troubled debt restructurings
  
45
  
$
12,210
  
$
0
  
$
860
  
$
13,070
 

  
Three Months Ended
September 30, 2015
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial secured by real estate
  
5
  
$
346
  
$
0
  
$
165
  
$
511
 
Commercial other
  
1
   
1,139
   
0
   
0
   
1,139
 
Total troubled debt restructurings
  
6
  
$
1,485
  
$
0
  
$
165
  
$
1,650
 

  
Nine Months Ended
September 30, 2015
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial secured by real estate
  
13
  
$
953
  
$
0
  
$
165
  
$
1,118
 
Commercial other
  
4
   
1,193
   
0
   
0
   
1,193
 
Residential:
                    
Real estate mortgage
  
1
   
0
   
0
   
290
   
290
 
Total troubled debt restructurings
  
18
  
$
2,146
  
$
0
  
$
455
  
$
2,601
 

  
Year Ended
December 31, 2015
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  
3
  
$
428
  
$
0
  
$
0
  
$
428
 
Commercial secured by real estate
  
21
   
4,244
   
0
   
1,760
   
6,004
 
Commercial other
  
7
   
3,847
   
0
   
0
   
3,847
 
Residential:
                    
Real estate mortgage
  
3
   
0
   
0
   
848
   
848
 
Total troubled debt restructurings
  
34
  
$
8,519
  
$
0
  
$
2,608
  
$
11,127
 
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 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, 2016
  
Nine Months Ended
September 30, 2016
 
  
Number of Loans
  
Recorded Balance
  
Number of Loans
  
Recorded Balance
 
Commercial:
            
Commercial secured by real estate
  
1
  
$
1,446
   
2
  
$
1,956
 
Commercial other
  
1
   
14
   
2
   
372
 
Total defaulted restructured loans
  
2
  
$
1,460
   
4
  
$
2,328
 

 (in thousands)
 
Three Months Ended
September 30, 2015
  
Nine Months Ended
September 30, 2015
 
  
Number of Loans
  
Recorded Balance
  
Number of Loans
  
Recorded Balance
 
Commercial:
            
Commercial secured by real estate
  
2
  
$
31
   
4
  
$
390
 
Residential:
                
Real estate construction
  
0
   
0
   
1
   
290
 
Total defaulted restructured loans
  
2
  
$
31
   
5
  
$
680