Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies [Abstract]

Commitments and Contingencies

20.  Commitments and Contingencies

CTBI and our subsidiaries, and from time to time, our officers, are named defendants in legal actions arising from ordinary business activities.  Management, after consultation with legal counsel, believes any pending actions at December 31, 2016 are without merit or that the ultimate liability, if any, will not materially affect our consolidated financial position or results of operations.

Based on a recent discussion with a regulatory agency representative concerning the status of an ongoing review of two CTB deposit add-on products, CTBI believes it is likely that it will be cited for two violations based on alleged unfair and deceptive practices with respect to such products.  CTBI has evaluated the possible violations and their potential financial impact.  Based upon this analysis, management established an accrual in 2014, which was not considered material, for possible customer reimbursements.  We have not received a final written notice citing such violations and have not been informed as to the amount of, or relevant time period for, related reimbursement.  The actual amount of reimbursement may materially vary from the amount management has evaluated as most likely at December 31, 2016, but it is not currently expected to be material to the financial statements.