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Loans (Tables)
 6 Months Ended
Jun. 30, 2017
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)
 
June 30
2017
  
December 31
2016
 
Commercial construction
 
$
72,054
  
$
66,998
 
Commercial secured by real estate
  
1,179,229
   
1,085,428
 
Equipment lease financing
  
4,903
   
5,512
 
Commercial other
  
352,173
   
350,159
 
Real estate construction
  
58,566
   
57,966
 
Real estate mortgage
  
708,467
   
702,969
 
Home equity
  
93,721
   
91,511
 
Consumer direct
  
135,228
   
133,093
 
Consumer indirect
  
483,001
   
444,735
 
Total loans
 
$
3,087,342
  
$
2,938,371
 
Nonaccrual Loans Segregated by Class of Loans
Nonaccrual loans segregated by class of loans were as follows:

 (in thousands)
 
June 30
2017
  
December 31
2016
 
Commercial:
      
Commercial construction
 
$
1,328
  
$
1,912
 
Commercial secured by real estate
  
8,713
   
6,326
 
Commercial other
  
1,404
   
1,559
 
         
Residential:
        
Real estate construction
  
189
   
11
 
Real estate mortgage
  
7,461
   
6,260
 
Home equity
  
556
   
555
 
Total nonaccrual loans
 
$
19,651
  
$
16,623
 
Bank's Loan Portfolio Aging Analysis, Segregated by Class
The following tables present CTBI’s loan portfolio aging analysis, segregated by class, as of June 30, 2017 and December 31, 2016:

  
June 30, 2017
 
(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
 
$
0
  
$
0
  
$
1,352
  
$
1,352
  
$
70,702
  
$
72,054
  
$
24
 
Commercial secured by real estate
  
2,272
   
3,540
   
7,757
   
13,569
   
1,165,660
   
1,179,229
   
2,171
 
Equipment lease financing
  
0
   
0
   
130
   
130
   
4,773
   
4,903
   
130
 
Commercial other
  
513
   
420
   
1,123
   
2,056
   
350,117
   
352,173
   
235
 
Residential:
                            
Real estate construction
  
1,254
   
177
   
393
   
1,824
   
56,742
   
58,566
   
205
 
Real estate mortgage
  
950
   
4,113
   
11,270
   
16,333
   
692,134
   
708,467
   
5,042
 
Home equity
  
1,004
   
261
   
692
   
1,957
   
91,764
   
93,721
   
300
 
Consumer:
                            
Consumer direct
  
788
   
132
   
34
   
954
   
134,274
   
135,228
   
34
 
Consumer indirect
  
2,826
   
793
   
221
   
3,840
   
479,161
   
483,001
   
221
 
Total
 
$
9,607
  
$
9,436
  
$
22,972
  
$
42,015
  
$
3,045,327
  
$
3,087,342
  
$
8,362
 
 
  
December 31, 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
 
$
22
  
$
0
  
$
1,940
  
$
1,962
  
$
65,036
  
$
66,998
  
$
28
 
Commercial secured by real estate
  
2,033
   
478
   
8,847
   
11,358
   
1,074,070
   
1,085,428
   
3,015
 
Equipment lease financing
  
0
   
0
   
0
   
0
   
5,512
   
5,512
   
0
 
Commercial other
  
997
   
122
   
1,235
   
2,354
   
347,805
   
350,159
   
141
 
Residential:
                            
Real estate construction
  
707
   
42
   
152
   
901
   
57,065
   
57,966
   
152
 
Real estate mortgage
  
1,493
   
5,278
   
10,695
   
17,466
   
685,503
   
702,969
   
6,295
 
Home equity
  
829
   
288
   
905
   
2,022
   
89,489
   
91,511
   
467
 
Consumer:
                            
Consumer direct
  
873
   
265
   
68
   
1,206
   
131,887
   
133,093
   
68
 
Consumer indirect
  
3,288
   
851
   
681
   
4,820
   
439,915
   
444,735
   
681
 
Total
 
$
10,242
  
$
7,324
  
$
24,523
  
$
42,089
  
$
2,896,282
  
$
2,938,371
  
$
10,847
 

*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 June 30, 2017 and December 31, 2016:

 (in thousands)
 
Commercial Construction
  
Commercial Secured by Real Estate
  
Equipment Leases
  
Commercial Other
  
Total
 
June 30, 2017
               
Pass
 
$
62,033
  
$
1,056,938
  
$
4,667
  
$
302,783
  
$
1,426,421
 
Watch
  
3,988
   
64,594
   
0
   
30,861
   
99,443
 
OAEM
  
1,874
   
23,458
   
106
   
8,775
   
34,213
 
Substandard
  
3,981
   
33,882
   
130
   
9,389
   
47,382
 
Doubtful
  
178
   
357
   
0
   
365
   
900
 
Total
 
$
72,054
  
$
1,179,229
  
$
4,903
  
$
352,173
  
$
1,608,359
 
                     
December 31, 2016
                    
Pass
 
$
55,315
  
$
975,383
  
$
5,206
  
$
299,301
  
$
1,335,205
 
Watch
  
3,366
   
51,932
   
137
   
32,780
   
88,215
 
OAEM
  
2,535
   
25,772
   
169
   
7,913
   
36,389
 
Substandard
  
5,592
   
31,945
   
0
   
9,599
   
47,136
 
Doubtful
  
190
   
396
   
0
   
566
   
1,152
 
Total
 
$
66,998
  
$
1,085,428
  
$
5,512
  
$
350,159
  
$
1,508,097
 
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 CTBI’s residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by class, as of June 30, 2017 and December 31, 2016:

(in thousands)
 
Real Estate Construction
  
Real Estate Mortgage
  
Home Equity
  
Consumer Direct
  
Consumer
Indirect
  
Total
 
June 30, 2017
                  
Performing
 
$
58,172
  
$
695,964
  
$
92,865
  
$
135,194
  
$
482,780
  
$
1,464,975
 
Nonperforming (1)
  
394
   
12,503
   
856
   
34
   
221
   
14,008
 
Total
 
$
58,566
  
$
708,467
  
$
93,721
  
$
135,228
  
$
483,001
  
$
1,478,983
 
                         
December 31, 2016
                        
Performing
 
$
57,803
  
$
690,414
  
$
90,489
  
$
133,025
  
$
444,054
  
$
1,415,785
 
Nonperforming (1)
  
163
   
12,555
   
1,022
   
68
   
681
   
14,489
 
Total
 
$
57,966
  
$
702,969
  
$
91,511
  
$
133,093
  
$
444,735
  
$
1,430,274
 

(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 June 30, 2017, December 31, 2016, and June 30, 2016:

  
June 30, 2017
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
         
Commercial construction
 
$
4,707
  
$
4,709
  
$
0
 
Commercial secured by real estate
  
27,509
   
28,195
   
0
 
Equipment lease financing
  
130
   
130
   
0
 
Commercial other
  
10,719
   
12,619
   
0
 
Real estate construction
  
846
   
846
   
0
 
Real estate mortgage
  
1,803
   
1,803
   
0
 
             
Loans with a specific valuation allowance:
            
Commercial construction
  
153
   
174
   
25
 
Commercial secured by real estate
  
4,731
   
5,833
   
1,227
 
Commercial other
  
131
   
134
   
67
 
             
Totals:
            
Commercial construction
  
4,860
   
4,883
   
25
 
Commercial secured by real estate
  
32,240
   
34,028
   
1,227
 
Equipment lease financing
  
130
   
130
   
0
 
Commercial other
  
10,850
   
12,753
   
67
 
Real estate construction
  
846
   
846
   
0
 
Real estate mortgage
  
1,803
   
1,803
   
0
 
Total
 
$
50,729
  
$
54,443
  
$
1,319
 
 
  
Three Months Ended
  
Six Months Ended
 
  
June 30, 2017
  
June 30, 2017
 
(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
 
$
5,041
  
$
49
  
$
5,101
  
$
86
 
Commercial secured by real estate
  
27,858
   
343
   
28,252
   
704
 
Equipment lease financing
  
135
   
0
   
68
   
0
 
Commercial other
  
10,882
   
133
   
10,981
   
273
 
Real estate construction
  
846
   
0
   
423
   
0
 
Real estate mortgage
  
1,803
   
11
   
1,804
   
22
 
                 
Loans with a specific valuation allowance:
                
Commercial construction
  
153
   
0
   
157
   
0
 
Commercial secured by real estate
  
4,745
   
5
   
4,362
   
5
 
Commercial other
  
131
   
0
   
66
   
0
 
                 
Totals:
                
Commercial construction
  
5,194
   
49
   
5,258
   
86
 
Commercial secured by real estate
  
32,603
   
348
   
32,614
   
709
 
Equipment lease financing
  
135
   
0
   
68
   
0
 
Commercial other
  
11,013
   
133
   
11,047
   
273
 
Real estate construction
  
846
   
0
   
423
   
0
 
Real estate mortgage
  
1,803
   
11
   
1,804
   
22
 
Total
 
$
51,594
  
$
541
  
$
51,214
  
$
1,090
 

  
December 31, 2016
 
(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
 
$
4,102
  
$
4,123
  
$
0
  
$
4,367
  
$
218
 
Commercial secured by real estate
  
29,025
   
29,594
   
0
   
31,136
   
1,609
 
Commercial other
  
11,215
   
13,155
   
0
   
11,561
   
632
 
Real estate mortgage
  
1,483
   
1,483
   
0
   
1,691
   
52
 
                     
Loans with a specific valuation allowance:
                    
Commercial construction
  
1,507
   
1,509
   
213
   
2,290
   
0
 
Commercial secured by real estate
  
4,731
   
5,885
   
1,035
   
4,151
   
19
 
Commercial other
  
139
   
139
   
65
   
483
   
0
 
                     
Totals:
                    
Commercial construction
  
5,609
   
5,632
   
213
   
6,657
   
218
 
Commercial secured by real estate
  
33,756
   
35,479
   
1,035
   
35,287
   
1,628
 
Commercial other
  
11,354
   
13,294
   
65
   
12,044
   
632
 
Real estate mortgage
  
1,483
   
1,483
   
0
   
1,691
   
52
 
Total
 
$
52,202
  
$
55,888
  
$
1,313
  
$
55,679
  
$
2,530
 
 
  
June 30, 2016
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
         
Commercial construction
 
$
4,455
  
$
4,741
  
$
0
 
Commercial secured by real estate
  
30,181
   
30,816
   
0
 
Commercial other
  
11,328
   
13,113
   
0
 
Real estate mortgage
  
1,761
   
1,761
   
0
 
             
Loans with a specific valuation allowance:
            
Commercial construction
  
2,207
   
2,209
   
287
 
Commercial secured by real estate
  
2,667
   
3,721
   
720
 
Commercial other
  
670
   
683
   
330
 
             
Totals:
            
Commercial construction
  
6,662
   
6,950
   
287
 
Commercial secured by real estate
  
32,848
   
34,537
   
720
 
Commercial other
  
11,998
   
13,796
   
330
 
Real estate mortgage
  
1,761
   
1,761
   
0
 
Total
 
$
53,269
  
$
57,044
  
$
1,337
 

  
Three Months Ended
  
Six Months Ended
 
  
June 30, 2016
  
June 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
 
$
4,730
  
$
56
  
$
4,526
  
$
105
 
Commercial secured by real estate
  
30,339
   
387
   
31,426
   
774
 
Commercial other
  
11,446
   
169
   
11,597
   
317
 
Real estate mortgage
  
1,764
   
14
   
1,893
   
30
 
                 
Loans with a specific valuation allowance:
                
Commercial construction
  
2,372
   
0
   
2,887
   
0
 
Commercial secured by real estate
  
3,598
   
0
   
4,163
   
18
 
Commercial other
  
667
   
0
   
693
   
0
 
                 
Totals:
                
Commercial construction
  
7,102
   
56
   
7,413
   
105
 
Commercial secured by real estate
  
33,937
   
387
   
35,589
   
792
 
Commercial other
  
12,113
   
169
   
12,290
   
317
 
Real estate mortgage
  
1,764
   
14
   
1,893
   
30
 
Total
 
$
54,916
  
$
626
  
$
57,185
  
$
1,244
 

*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 six months ended June 30, 2017 and 2016 and the year ended December 31, 2016:

  
Three Months Ended
June 30, 2017
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  
2
  
$
0
  $
0
  
$
114
  
$
114
 
Commercial secured by real estate
  
4
   
530
   
0
   
192
   
722
 
Commercial other
  
7
   
82
   
0
   
136
   
218
 
Residential:
                    
Real estate construction
  
1
   
846
   
0
   
0
   
846
 
Total troubled debt restructurings
  
14
  
$
1,458
  
$
0
  
$
442
  
$
1,900
 

  
Six Months Ended
June 30, 2017
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  
2
  
$
0
  
$
0
  
$
114
  
$
114
 
Commercial secured by real estate
  
5
   
579
   
0
   
192
   
771
 
Commercial other
  
9
   
135
   
0
   
136
   
271
 
Residential:
                    
Real estate construction
  
1
   
846
   
0
   
0
   
846
 
Real estate mortgage
  
1
   
323
   
0
   
0
   
323
 
Total troubled debt restructurings
  
18
  
$
1,883
  
$
0
  
$
442
  
$
2,325
 

  
Three Months Ended
June 30, 2016
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  
4
  
$
120
  
$
0
  
$
0
  
$
120
 
Commercial secured by real estate
  
8
   
1,611
   
0
   
536
   
2,147
 
Commercial other
  
6
   
440
   
0
   
0
   
440
 
Total troubled debt restructurings
  
18
  
$
2,171
  
$
0
  
$
536
  
$
2,707
 

  
Six Months Ended
June 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
  
21
   
5,609
   
0
   
580
   
6,189
 
Commercial other
  
16
   
5,041
   
0
   
0
   
5,041
 
Residential:
                    
Real estate mortgage
  
1
   
0
   
0
   
280
   
280
 
Total troubled debt restructurings
  
43
  
$
12,058
  
$
0
  
$
860
  
$
12,918
 

  
Year Ended
December 31, 2016
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
               
Commercial construction
  
1
  
$
1,288
  
$
0
  
$
0
  
$
1,288
 
Commercial secured by real estate
  
27
   
8,827
   
0
   
581
   
9,408
 
Commercial other
  
14
   
5,088
   
0
   
87
   
5,175
 
Residential:
                    
Real estate mortgage
  
1
   
0
   
0
   
281
   
281
 
Total troubled debt restructurings
  
43
  
$
15,203
  
$
0
  
$
949
  
$
16,152
 
Summary of Defaulted Restructured Loans
Presented below, segregated by class of loans, are loans that were modified as troubled debt restructurings within the prior twelve months which subsequently defaulted during the three and six months ended June 30, 2016.  There were no such loans that defaulted during the three and six months ended June 30, 2017.  CTBI considers a loan in default when it is 90 days or more past due or transferred to nonaccrual.

 (in thousands)
 
Three Months Ended
June 30, 2016
  
Six Months Ended
June 30, 2016
 
  
Number of Loans
  
Recorded Balance
  
Number of Loans
  
Recorded Balance
 
Commercial:
            
Commercial secured by real estate
  
0
  
$
0
   
1
  
$
510
 
Commercial other
  
0
   
0
   
1
   
358
 
Total defaulted restructured loans
  
0
  
$
0
   
2
  
$
868