|
|
(State or other jurisdiction of incorporation or organization)
|
(IRS Employer Identification No.)
|
|
|
(Address of principal executive offices)
|
(Zip code)
|
(
(Registrant’s telephone number)
|
|
Securities registered pursuant to Section 12(b) of the Act:
|
|
(Title of class)
|
|
|
(Trading symbol)
|
(Name of exchange on which registered)
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
99.1
|
Press Release dated July 17, 2024
|
COMMUNITY TRUST BANCORP, INC.
|
||
Date:
|
July 17, 2024
|
By:
|
/s/ Mark A. Gooch
|
||
Mark A. Gooch
|
||
Chairman, President, and Chief Executive Officer
|
Earnings Summary
|
||||||||||||||||||||
(in thousands except per share data)
|
2Q
2024
|
1Q
2024
|
2Q
2023
|
YTD
2024
|
YTD
2023
|
|||||||||||||||
Net income
|
$
|
19,499
|
$
|
18,679
|
$
|
19,404
|
$
|
38,178
|
$
|
38,717
|
||||||||||
Earnings per share
|
$
|
1.09
|
$
|
1.04
|
$
|
1.09
|
$
|
2.13
|
$
|
2.17
|
||||||||||
Earnings per share - diluted
|
$
|
1.09
|
$
|
1.04
|
$
|
1.08
|
$
|
2.13
|
$
|
2.16
|
||||||||||
Return on average assets
|
1.35
|
%
|
1.30
|
%
|
1.41
|
%
|
1.33
|
%
|
1.42
|
%
|
||||||||||
Return on average equity
|
11.03
|
%
|
10.61
|
%
|
11.72
|
%
|
10.82
|
%
|
11.87
|
%
|
||||||||||
Efficiency ratio
|
52.17
|
%
|
54.94
|
%
|
53.52
|
%
|
53.51
|
%
|
54.40
|
%
|
||||||||||
Tangible common equity
|
11.39
|
%
|
11.10
|
%
|
10.90
|
%
|
||||||||||||||
Dividends declared per share
|
$
|
0.46
|
$
|
0.46
|
$
|
0.44
|
$
|
0.92
|
$
|
0.88
|
||||||||||
Book value per share
|
$
|
39.91
|
$
|
39.28
|
$
|
36.71
|
||||||||||||||
Weighted average shares
|
17,939
|
17,926
|
17,884
|
17,932
|
17,877
|
|||||||||||||||
Weighted average shares - diluted
|
17,959
|
17,943
|
17,890
|
17,951
|
17,885
|
❖
|
Net interest income for the quarter of $45.7 million was $2.1 million, or 4.8%, above prior quarter and $2.6 million, or 6.0%, above
prior year same quarter, as our net interest margin increased 15 basis points from prior quarter and 3 basis points from prior year same quarter.
|
❖
|
Provision for credit losses at $3.0 million for the quarter increased $0.3 million from prior quarter and $1.0 million from prior
year same quarter.
|
❖
|
Noninterest income for the quarter ended June 30, 2024 of $15.7 million was $0.6 million, or 3.8%, above prior quarter and $1.0
million, or 6.5%, above prior year same quarter.
|
❖
|
Noninterest expense for the quarter
ended June 30, 2024 of $32.4 million was $0.2 million, or 0.6%, above prior quarter and $1.4 million, or 4.5%, above prior year same quarter.
|
❖
|
Our loan portfolio at $4.3 billion increased $100.1 million, an annualized 9.7%, from March 31, 2024 and $331.6 million, or 8.4%,
from June 30, 2023.
|
❖
|
We had net loan charge-offs of $1.4 million, or an annualized 0.13% of average loans, for the second quarter 2024 compared to $1.6
million, or an annualized 0.16% of average loans, for the first quarter 2024 and $0.7 million, or an annualized 0.07% of average loans, for the second quarter 2023.
|
❖
|
Our total nonperforming loans increased to $19.8 million at June 30, 2024 from $15.9 million at March 31, 2024 and $11.7 million at
June 30, 2023. Nonperforming assets at $21.5 million increased $4.3 million from March 31, 2024 and $7.7 million from June 30, 2023.
|
❖
|
Deposits, including repurchase agreements, at $5.0 billion decreased $57.6 million, or an annualized 4.6%, from March 31, 2024 but
increased $215.7 million, or 4.5%, from June 30, 2023.
|
❖
|
Shareholders’ equity at $719.3 million increased $11.6 million, or an annualized 6.6%, during the quarter and $59.2 million, or
9.0%, from June 30, 2023.
|
Percent Change
|
||||||||||||||||||||||||||||||||
2Q 2024
Compared to:
|
||||||||||||||||||||||||||||||||
($ in thousands)
|
2Q
2024
|
1Q
2024
|
2Q
2023
|
1Q
2024
|
2Q
2023
|
YTD
2024
|
YTD
2023
|
Percent Change
|
||||||||||||||||||||||||
Components of net interest income:
|
||||||||||||||||||||||||||||||||
Income on earning assets
|
$
|
76,648
|
$
|
75,002
|
$
|
64,827
|
2.2
|
%
|
18.2
|
%
|
$
|
151,650
|
$
|
125,822
|
20.5
|
%
|
||||||||||||||||
Expense on interest bearing liabilities
|
30,970
|
31,411
|
21,748
|
(1.4
|
%)
|
42.4
|
%
|
62,381
|
38,827
|
60.7
|
%
|
|||||||||||||||||||||
Net interest income
|
45,678
|
43,591
|
43,079
|
4.8
|
%
|
6.0
|
%
|
89,269
|
86,995
|
2.6
|
%
|
|||||||||||||||||||||
TEQ
|
292
|
294
|
298
|
(0.7
|
%)
|
(2.1
|
%)
|
586
|
596
|
(1.7
|
%)
|
|||||||||||||||||||||
Net interest income, tax equivalent
|
$
|
45,970
|
$
|
43,885
|
$
|
43,377
|
4.8
|
%
|
6.0
|
%
|
$
|
89,855
|
$
|
87,591
|
2.6
|
%
|
||||||||||||||||
Average yield and rates paid:
|
||||||||||||||||||||||||||||||||
Earning assets yield
|
5.66
|
%
|
5.55
|
%
|
5.03
|
%
|
2.0
|
%
|
12.4
|
%
|
5.60
|
%
|
4.94
|
%
|
13.4
|
%
|
||||||||||||||||
Rate paid on interest bearing liabilities
|
3.30
|
%
|
3.35
|
%
|
2.54
|
%
|
(1.5
|
%)
|
29.9
|
%
|
3.32
|
%
|
2.30
|
%
|
44.3
|
%
|
||||||||||||||||
Gross interest margin
|
2.36
|
%
|
2.20
|
%
|
2.49
|
%
|
7.2
|
%
|
(5.4
|
%)
|
2.28
|
%
|
2.64
|
%
|
(13.5
|
%)
|
||||||||||||||||
Net interest margin
|
3.38
|
%
|
3.23
|
%
|
3.35
|
%
|
4.5
|
%
|
0.9
|
%
|
3.31
|
%
|
3.42
|
%
|
(3.4
|
%)
|
||||||||||||||||
Average balances:
|
||||||||||||||||||||||||||||||||
Investment securities
|
$
|
1,095,182
|
$
|
1,148,014
|
$
|
1,230,556
|
(4.6
|
%)
|
(11.0
|
%)
|
$
|
1,121,598
|
$
|
1,241,193
|
(9.6
|
%)
|
||||||||||||||||
Loans
|
$
|
4,191,992
|
$
|
4,096,866
|
$
|
3,836,446
|
2.3
|
%
|
9.3
|
%
|
$
|
4,144,429
|
$
|
3,788,213
|
9.4
|
%
|
||||||||||||||||
Earning assets
|
$
|
5,469,813
|
$
|
5,458,075
|
$
|
5,189,716
|
0.2
|
%
|
5.4
|
%
|
$
|
5,463,944
|
$
|
5,160,712
|
5.9
|
%
|
||||||||||||||||
Interest-bearing liabilities
|
$
|
3,776,362
|
$
|
3,773,513
|
$
|
3,435,072
|
0.1
|
%
|
9.9
|
%
|
$
|
3,774,937
|
$
|
3,398,902
|
11.1
|
%
|
Percent Change
|
||||||||||||||||||||||||||||||||
2Q 2024
Compared to:
|
||||||||||||||||||||||||||||||||
($ in thousands)
|
2Q
2024
|
1Q
2024
|
2Q
2023
|
1Q
2024
|
2Q
2023
|
YTD
2024
|
YTD
2023
|
Percent Change
|
||||||||||||||||||||||||
Deposit related fees
|
$
|
7,308
|
$
|
7,011
|
$
|
7,513
|
4.2
|
%
|
(2.7
|
%)
|
$
|
14,319
|
$
|
14,800
|
(3.2
|
%)
|
||||||||||||||||
Trust revenue
|
3,736
|
3,517
|
3,351
|
6.2
|
%
|
11.5
|
%
|
7,253
|
6,430
|
12.8
|
%
|
|||||||||||||||||||||
Gains on sales of loans
|
119
|
45
|
115
|
167.9
|
%
|
4.0
|
%
|
164
|
236
|
(30.5
|
%)
|
|||||||||||||||||||||
Loan related fees
|
1,320
|
1,352
|
1,197
|
(2.4
|
%)
|
10.3
|
%
|
2,672
|
2,042
|
30.8
|
%
|
|||||||||||||||||||||
Bank owned life insurance revenue
|
1,815
|
1,292
|
735
|
40.5
|
%
|
147.0
|
%
|
3,107
|
1,593
|
95.0
|
%
|
|||||||||||||||||||||
Brokerage revenue
|
683
|
490
|
388
|
39.5
|
%
|
76.2
|
%
|
1,173
|
736
|
59.5
|
%
|
|||||||||||||||||||||
Other
|
727
|
1,427
|
1,457
|
(49.1
|
%)
|
(50.1
|
%)
|
2,154
|
2,601
|
(17.2
|
%)
|
|||||||||||||||||||||
Total noninterest income
|
$
|
15,708
|
$
|
15,134
|
$
|
14,756
|
3.8
|
%
|
6.4
|
%
|
$
|
30,842
|
$
|
28,438
|
8.5
|
%
|
Percent Change
|
||||||||||||||||||||||||||||||||
2Q 2024
Compared to:
|
||||||||||||||||||||||||||||||||
($ in thousands)
|
2Q
2024
|
1Q
2024
|
2Q
2023
|
1Q
2024
|
2Q
2023
|
YTD
2024
|
YTD
2023
|
Percent Change
|
||||||||||||||||||||||||
Salaries
|
$
|
13,037
|
$
|
13,036
|
$
|
12,732
|
0.0
|
%
|
2.4
|
%
|
$
|
26,073
|
$
|
25,365
|
2.8
|
%
|
||||||||||||||||
Employee benefits
|
6,554
|
7,086
|
5,573
|
(7.5
|
%)
|
17.6
|
%
|
13,640
|
11,848
|
15.1
|
%
|
|||||||||||||||||||||
Net occupancy and equipment
|
3,089
|
3,028
|
2,895
|
2.0
|
%
|
6.7
|
%
|
6,117
|
5,923
|
3.3
|
%
|
|||||||||||||||||||||
Data processing
|
2,669
|
2,518
|
2,383
|
6.0
|
%
|
12.0
|
%
|
5,187
|
4,686
|
10.7
|
%
|
|||||||||||||||||||||
Legal and professional fees
|
978
|
832
|
912
|
17.5
|
%
|
7.3
|
%
|
1,810
|
1,728
|
4.8
|
%
|
|||||||||||||||||||||
Advertising and marketing
|
856
|
577
|
704
|
48.2
|
%
|
21.6
|
%
|
1,433
|
1,524
|
(6.0
|
%)
|
|||||||||||||||||||||
Taxes other than property and payroll
|
438
|
442
|
433
|
(0.7
|
%)
|
1.2
|
%
|
880
|
865
|
1.7
|
%
|
|||||||||||||||||||||
Other
|
4,801
|
4,701
|
5,393
|
2.1
|
%
|
(11.0
|
%)
|
9,502
|
10,976
|
(13.4
|
%)
|
|||||||||||||||||||||
Total noninterest expense
|
$
|
32,422
|
$
|
32,220
|
$
|
31,025
|
0.6
|
%
|
4.5
|
%
|
$
|
64,642
|
$
|
62,915
|
2.7
|
%
|
Percent Change
|
||||||||||||||||||||
2Q 2024 Compared to:
|
||||||||||||||||||||
($ in thousands)
|
2Q
2024
|
1Q
2024
|
2Q
2023
|
1Q
2024
|
2Q
2023
|
|||||||||||||||
Commercial nonresidential real estate
|
$
|
825,934
|
$
|
813,904
|
$
|
787,598
|
1.5
|
%
|
4.9
|
%
|
||||||||||
Commercial residential real estate
|
480,418
|
456,585
|
393,309
|
5.2
|
%
|
22.1
|
%
|
|||||||||||||
Hotel/motel
|
417,161
|
416,759
|
372,981
|
0.1
|
%
|
11.8
|
%
|
|||||||||||||
Other commercial
|
428,263
|
397,922
|
396,741
|
7.6
|
%
|
7.9
|
%
|
|||||||||||||
Total commercial
|
2,151,776
|
2,085,170
|
1,950,629
|
3.2
|
%
|
10.3
|
%
|
|||||||||||||
Residential mortgage
|
978,144
|
955,616
|
883,104
|
2.4
|
%
|
10.8
|
%
|
|||||||||||||
Home equity loans/lines
|
154,311
|
151,577
|
132,033
|
1.8
|
%
|
16.9
|
%
|
|||||||||||||
Total residential
|
1,132,455
|
1,107,193
|
1,015,137
|
2.3
|
%
|
11.6
|
%
|
|||||||||||||
Consumer indirect
|
819,689
|
813,005
|
806,081
|
0.8
|
%
|
1.7
|
%
|
|||||||||||||
Consumer direct
|
157,327
|
155,807
|
157,848
|
1.0
|
%
|
(0.3
|
%)
|
|||||||||||||
Total consumer
|
977,016
|
968,812
|
963,929
|
0.8
|
%
|
1.4
|
%
|
|||||||||||||
Total loans
|
$
|
4,261,247
|
$
|
4,161,175
|
$
|
3,929,695
|
2.4
|
%
|
8.4
|
%
|
Percent Change
|
||||||||||||||||||||
2Q 2024 Compared to:
|
||||||||||||||||||||
($ in thousands)
|
2Q
2024
|
1Q
2024
|
2Q
2023
|
1Q
2024
|
2Q
2023
|
|||||||||||||||
Noninterest bearing deposits
|
$
|
1,241,514
|
$
|
1,274,583
|
$
|
1,361,078
|
(2.6
|
%)
|
(8.8
|
%)
|
||||||||||
Interest bearing deposits
|
||||||||||||||||||||
Interest checking
|
138,767
|
131,227
|
142,542
|
5.7
|
%
|
(2.6
|
%)
|
|||||||||||||
Money market savings
|
1,664,580
|
1,608,849
|
1,389,081
|
3.5
|
%
|
19.8
|
%
|
|||||||||||||
Savings accounts
|
527,251
|
543,338
|
611,772
|
(3.0
|
%)
|
(13.8
|
%)
|
|||||||||||||
Time deposits
|
1,161,686
|
1,226,273
|
1,012,187
|
(5.3
|
%)
|
14.8
|
%
|
|||||||||||||
Repurchase agreements
|
227,576
|
234,671
|
229,020
|
(3.0
|
%)
|
(0.6
|
%)
|
|||||||||||||
Total interest bearing deposits and repurchase agreements
|
3,719,860
|
3,744,358
|
3,384,602
|
(0.7
|
%)
|
9.9
|
%
|
|||||||||||||
Total deposits and repurchase agreements
|
$
|
4,961,374
|
$
|
5,018,941
|
$
|
4,745,680
|
(1.1
|
%)
|
4.5
|
%
|
Community Trust Bancorp, Inc.
|
||||||||||||||||||||
Financial Summary (Unaudited)
|
||||||||||||||||||||
June 30, 2024
|
||||||||||||||||||||
(in thousands except per share data and # of employees)
|
||||||||||||||||||||
Three
|
Three
|
Three
|
Six
|
Six
|
||||||||||||||||
Months
|
Months
|
Months
|
Months
|
Months
|
||||||||||||||||
Ended
|
Ended
|
Ended
|
Ended
|
Ended
|
||||||||||||||||
June 30, 2024
|
March 31, 2024
|
June 30, 2023
|
June 30, 2024
|
June 30, 2023
|
||||||||||||||||
Interest income
|
$
|
76,648
|
$
|
75,002
|
$
|
64,827
|
$
|
151,650
|
$
|
125,822
|
||||||||||
Interest expense
|
30,970
|
31,411
|
21,748
|
62,381
|
38,827
|
|||||||||||||||
Net interest income
|
45,678
|
43,591
|
43,079
|
89,269
|
86,995
|
|||||||||||||||
Loan loss provision
|
2,972
|
2,656
|
2,009
|
5,628
|
3,125
|
|||||||||||||||
Gains on sales of loans
|
119
|
45
|
115
|
164
|
236
|
|||||||||||||||
Deposit related fees
|
7,308
|
7,011
|
7,513
|
14,319
|
14,800
|
|||||||||||||||
Trust revenue
|
3,736
|
3,517
|
3,351
|
7,253
|
6,430
|
|||||||||||||||
Loan related fees
|
1,320
|
1,352
|
1,197
|
2,672
|
2,042
|
|||||||||||||||
Securities gains (losses)
|
(474
|
)
|
371
|
165
|
(103
|
)
|
383
|
|||||||||||||
Other noninterest income
|
3,699
|
2,838
|
2,415
|
6,537
|
4,547
|
|||||||||||||||
Total noninterest income
|
15,708
|
15,134
|
14,756
|
30,842
|
28,438
|
|||||||||||||||
Personnel expense
|
19,591
|
20,122
|
18,305
|
39,713
|
37,213
|
|||||||||||||||
Occupancy and equipment
|
3,089
|
3,028
|
2,895
|
6,117
|
5,923
|
|||||||||||||||
Data processing expense
|
2,669
|
2,518
|
2,383
|
5,187
|
4,686
|
|||||||||||||||
FDIC insurance premiums
|
645
|
642
|
610
|
1,287
|
1,216
|
|||||||||||||||
Other noninterest expense
|
6,428
|
5,910
|
6,832
|
12,338
|
13,877
|
|||||||||||||||
Total noninterest expense
|
32,422
|
32,220
|
31,025
|
64,642
|
62,915
|
|||||||||||||||
Net income before taxes
|
25,992
|
23,849
|
24,801
|
49,841
|
49,393
|
|||||||||||||||
Income taxes
|
6,493
|
5,170
|
5,397
|
11,663
|
10,676
|
|||||||||||||||
Net income
|
$
|
19,499
|
$
|
18,679
|
$
|
19,404
|
$
|
38,178
|
$
|
38,717
|
||||||||||
Memo: TEQ interest income
|
$
|
76,940
|
$
|
75,296
|
$
|
65,125
|
$
|
152,236
|
$
|
126,418
|
||||||||||
Average shares outstanding
|
17,939
|
17,926
|
17,884
|
17,932
|
17,877
|
|||||||||||||||
Diluted average shares outstanding
|
17,959
|
17,943
|
17,890
|
17,951
|
17,885
|
|||||||||||||||
Basic earnings per share
|
$
|
1.09
|
$
|
1.04
|
$
|
1.09
|
$
|
2.13
|
$
|
2.17
|
||||||||||
Diluted earnings per share
|
$
|
1.09
|
$
|
1.04
|
$
|
1.08
|
$
|
2.13
|
$
|
2.16
|
||||||||||
Dividends per share
|
$
|
0.46
|
$
|
0.46
|
$
|
0.44
|
$
|
0.92
|
$
|
0.88
|
||||||||||
Average balances:
|
||||||||||||||||||||
Loans
|
$
|
4,191,992
|
$
|
4,096,866
|
$
|
3,836,446
|
$
|
4,144,429
|
$
|
3,788,213
|
||||||||||
Earning assets
|
5,469,813
|
5,458,075
|
5,189,716
|
5,463,944
|
5,160,712
|
|||||||||||||||
Total assets
|
5,795,937
|
5,786,515
|
5,509,776
|
5,791,226
|
5,484,065
|
|||||||||||||||
Deposits, including repurchase agreements
|
4,959,382
|
4,956,820
|
4,727,386
|
4,958,101
|
4,707,853
|
|||||||||||||||
Interest bearing liabilities
|
3,776,362
|
3,773,513
|
3,435,072
|
3,774,937
|
3,398,902
|
|||||||||||||||
Shareholders' equity
|
711,331
|
708,341
|
663,896
|
709,836
|
657,488
|
|||||||||||||||
Performance ratios:
|
||||||||||||||||||||
Return on average assets
|
1.35
|
%
|
1.30
|
%
|
1.41
|
%
|
1.33
|
%
|
1.42
|
%
|
||||||||||
Return on average equity
|
11.03
|
%
|
10.61
|
%
|
11.72
|
%
|
10.82
|
%
|
11.87
|
%
|
||||||||||
Yield on average earning assets (tax equivalent)
|
5.66
|
%
|
5.55
|
%
|
5.03
|
%
|
5.60
|
%
|
4.94
|
%
|
||||||||||
Cost of interest bearing funds (tax equivalent)
|
3.30
|
%
|
3.35
|
%
|
2.54
|
%
|
3.32
|
%
|
2.30
|
%
|
||||||||||
Net interest margin (tax equivalent)
|
3.38
|
%
|
3.23
|
%
|
3.35
|
%
|
3.31
|
%
|
3.42
|
%
|
||||||||||
Efficiency ratio (tax equivalent)
|
52.17
|
%
|
54.94
|
%
|
53.52
|
%
|
53.51
|
%
|
54.40
|
%
|
||||||||||
Loan charge-offs
|
$
|
2,836
|
$
|
2,667
|
$
|
1,953
|
$
|
5,503
|
$
|
3,718
|
||||||||||
Recoveries
|
(1,441
|
)
|
(1,039
|
)
|
(1,279
|
)
|
(2,480
|
)
|
(2,630
|
)
|
||||||||||
Net charge-offs
|
$
|
1,395
|
$
|
1,628
|
$
|
674
|
$
|
3,023
|
$
|
1,088
|
||||||||||
Market Price:
|
||||||||||||||||||||
High
|
$
|
44.32
|
$
|
44.38
|
$
|
40.30
|
$
|
44.38
|
$
|
47.35
|
||||||||||
Low
|
$
|
39.28
|
$
|
38.44
|
$
|
32.68
|
$
|
38.44
|
$
|
32.68
|
||||||||||
Close
|
$
|
43.66
|
$
|
42.65
|
$
|
35.57
|
$
|
43.66
|
$
|
35.57
|
Community Trust Bancorp, Inc.
|
||||||||||||||||||||
Financial Summary (Unaudited)
|
||||||||||||||||||||
June 30, 2024
|
||||||||||||||||||||
(in thousands except per share data and # of employees)
|
||||||||||||||||||||
As of
|
As of
|
As of
|
||||||||||
June 30, 2024
|
March 31, 2024
|
June 30, 2023
|
||||||||||
Assets:
|
||||||||||||
Loans
|
$
|
4,261,247
|
$
|
4,161,175
|
$
|
3,929,695
|
||||||
Loan loss reserve
|
(52,148
|
)
|
(50,571
|
)
|
(48,018
|
)
|
||||||
Net loans
|
4,209,099
|
4,110,604
|
3,881,677
|
|||||||||
Loans held for sale
|
350
|
57
|
238
|
|||||||||
Securities AFS
|
1,090,322
|
1,111,505
|
1,201,253
|
|||||||||
Equity securities at fair value
|
3,054
|
3,529
|
2,545
|
|||||||||
Other equity investments
|
14,022
|
9,327
|
11,432
|
|||||||||
Other earning assets
|
108,823
|
239,554
|
62,726
|
|||||||||
Cash and due from banks
|
54,935
|
55,841
|
48,915
|
|||||||||
Premises and equipment
|
47,178
|
46,595
|
42,911
|
|||||||||
Right of use asset
|
15,121
|
15,500
|
16,678
|
|||||||||
Goodwill and core deposit intangible
|
65,490
|
65,490
|
65,490
|
|||||||||
Other assets
|
195,945
|
192,253
|
186,933
|
|||||||||
Total Assets
|
$
|
5,804,339
|
$
|
5,850,255
|
$
|
5,520,798
|
||||||
Liabilities and Equity:
|
||||||||||||
Interest bearing checking
|
$
|
138,767
|
$
|
131,227
|
$
|
142,542
|
||||||
Savings deposits
|
2,191,831
|
2,152,187
|
2,000,853
|
|||||||||
CD's >=$100,000
|
637,206
|
678,148
|
538,492
|
|||||||||
Other time deposits
|
524,480
|
548,125
|
473,695
|
|||||||||
Total interest bearing deposits
|
3,492,284
|
3,509,687
|
3,155,582
|
|||||||||
Noninterest bearing deposits
|
1,241,514
|
1,274,583
|
1,361,078
|
|||||||||
Total deposits
|
4,733,798
|
4,784,270
|
4,516,660
|
|||||||||
Repurchase agreements
|
227,576
|
234,671
|
229,020
|
|||||||||
Other interest bearing liabilities
|
64,954
|
65,014
|
65,195
|
|||||||||
Lease liability
|
15,880
|
16,208
|
17,317
|
|||||||||
Other noninterest bearing liabilities
|
42,808
|
42,368
|
32,481
|
|||||||||
Total liabilities
|
5,085,016
|
5,142,531
|
4,860,673
|
|||||||||
Shareholders' equity
|
719,323
|
707,724
|
660,125
|
|||||||||
Total Liabilities and Equity
|
$
|
5,804,339
|
$
|
5,850,255
|
$
|
5,520,798
|
||||||
Ending shares outstanding
|
18,026
|
18,019
|
17,984
|
|||||||||
30 - 89 days past due loans
|
$
|
24,099
|
$
|
12,234
|
$
|
12,158
|
||||||
90 days past due loans
|
14,703
|
11,550
|
6,399
|
|||||||||
Nonaccrual loans
|
5,127
|
4,302
|
5,345
|
|||||||||
Foreclosed properties
|
1,626
|
1,266
|
2,047
|
|||||||||
Community bank leverage ratio
|
13.90
|
%
|
13.74
|
%
|
13.82
|
%
|
||||||
Tangible equity to tangible assets ratio
|
11.39
|
%
|
11.10
|
%
|
10.90
|
%
|
||||||
FTE employees
|
930
|
945
|
953
|
Document and Entity Information |
Jun. 30, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2024 |
Entity File Number | 001-31220 |
Entity Registrant Name | Community Trust Bancorp, Inc. |
Entity Central Index Key | 0000350852 |
Entity Incorporation, State or Country Code | KY |
Entity Tax Identification Number | 61-0979818 |
Entity Address, Address Line One | P.O. Box 2947 |
Entity Address, Address Line Two | 346 North Mayo Trail |
Entity Address, City or Town | Pikeville |
Entity Address, State or Province | KY |
Entity Address, Postal Zip Code | 41502 |
City Area Code | 606 |
Local Phone Number | 432-1414 |
Title of 12(b) Security | Common Stock |
Trading Symbol | CTBI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
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