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Loans (Tables)
 9 Months Ended
Sep. 30, 2021
Loans [Abstract]  
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 fees, and net premiums on acquired loans, are summarized as follows:

(in thousands)
  
September 30
2021
    
December 31
2020
  
Hotel/motel
  
$
252,951
    
$
260,699
  
Commercial real estate residential
    
330,660
      
287,928
  
Commercial real estate nonresidential
    
732,442
      
743,238
  
Dealer floorplans
    
61,423
      
69,087
  
Commercial other
    
286,209
      
279,908
  
Commercial unsecured SBA PPP
    
99,116
      
252,667
  
Commercial loans
    
1,762,801
      
1,893,527
  
                 
Real estate mortgage
    
763,005
      
784,559
  
Home equity lines
    
105,007
      
103,770
  
Residential loans
    
868,012
      
888,329
  
                 
Consumer direct
    
155,022
      
152,304
  
Consumer indirect
    
612,394
      
620,051
  
Consumer loans
    
767,416
      
772,355
  
                 
Loans and lease financing
  
$
3,398,229
    
$
3,554,211
  
Activity in Allowance for Credit Losses

The following tables present the balance in the allowance for credit losses (“ACL”) for the periods ended September 30, 2021, December 31, 2020, and September 30, 2020:


 
  
Three Months Ended
September 30, 2021
  
(in thousands)
  
Beginning Balance
    
Provision Charged to Expense
    
Losses
Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                              
Hotel/motel
  
$
5,674
    
$
(467
)
  
$
0
    
$
0
    
$
5,207
  
Commercial real estate residential
    
3,796
      
79
      
(4
)
    
5
      
3,876
  
Commercial real estate nonresidential
    
9,308
      
(569
)
    
(117
)
    
8
      
8,630
  
Dealer floorplans
    
1,261
      
(85
)
    
0
      
0
      
1,176
  
Commercial other
    
4,574
      
320
      
(203
)
    
52
      
4,743
  
Real estate mortgage
    
7,708
      
(269
)
    
(9
)
    
8
      
7,438
  
Home equity
    
673
      
181
      
(14
)
    
5
      
845
  
Consumer direct
    
1,635
      
290
      
(194
)
    
110
      
1,841
  
Consumer indirect
    
7,066
      
357
      
(515
)
    
551
      
7,459
  
Total
  
$
41,695
    
$
(163
)
  
$
(1,056
)
  
$
739
    
$
41,215
  

 
  
Nine Months Ended
September 30, 2021
  
(in thousands)
  
Beginning Balance
    
Provision Charged to Expense
    
Losses
Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                              
Hotel/motel
  
$
6,356
    
$
(1,149
)
  
$
0
    
$
0
    
$
5,207
  
Commercial real estate residential
    
4,464
      
(567
)
    
(28
)
    
7
      
3,876
  
Commercial real estate nonresidential
    
11,086
      
(2,502
)
    
(268
)
    
314
      
8,630
  
Dealer floorplans
    
1,382
      
(206
)
    
0
      
0
      
1,176
  
Commercial other
    
4,289
      
632
      
(433
)
    
255
      
4,743
  
Real estate mortgage
    
7,832
      
(214
)
    
(203
)
    
23
      
7,438
  
Home equity
    
844
      
20
      
(33
)
    
14
      
845
  
Consumer direct
    
1,863
      
91
      
(502
)
    
389
      
1,841
  
Consumer indirect
    
9,906
      
(3,024
)
    
(2,007
)
    
2,584
      
7,459
  
Total
  
$
48,022
    
$
(6,919
)
  
$
(3,474
)
  
$
3,586
    
$
41,215
  

 
  
Year Ended
December 31, 2020
  
(in thousands)
  
Beginning Balance, Prior to Adoption of ASC 326
    
Impact of Adoption of ASC 326
    
Provision Charged to Expense
    
Losses
Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                                    
Hotel/motel
  
$
3,371
    
$
170
    
$
2,858
    
$
(43
)
  
$
0
    
$
6,356
  
Commercial real estate residential
    
3,439
      
(721
)
    
1,772
      
(182
)
    
156
      
4,464
  
Commercial real estate
nonresidential
    
8,515
      
119
      
3,303
      
(941
)
    
90
      
11,086
  
Dealer floorplans
    
802
      
820
      
(214
)
    
(26
)
    
0
      
1,382
  
Commercial other
    
5,556
      
(391
)
    
2,040
      
(3,339
)
    
423
      
4,289
  
Real estate mortgage
    
4,604
      
1,893
      
1,584
      
(321
)
    
72
      
7,832
  
Home equity
    
897
      
(75
)
    
16
      
(4
)
    
10
      
844
  
Consumer direct
    
1,711
      
(40
)
    
609
      
(927
)
    
510
      
1,863
  
Consumer indirect
    
6,201
      
1,265
      
4,079
      
(4,670
)
    
3,031
      
9,906
  
Total
  
$
35,096
    
$
3,040
    
$
16,047
    
$
(10,453
)
  
$
4,292
    
$
48,022
  

 
  
Three Months Ended
September 30, 2020
  
(in thousands)
  
Beginning Balance
    
Provision Charged to Expense
    
Losses
Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                              
Hotel/motel
  
$
6,132
    
$
(81
)
  
$
(42
)
  
$
0
    
$
6,009
  
Commercial real estate residential
    
3,439
      
1,224
      
(50
)
    
5
      
4,618
  
Commercial real estate nonresidential
    
11,408
      
475
      
(761
)
    
32
      
11,154
  
Dealer floorplans
    
1,585
      
(172
)
    
0
      
0
      
1,413
  
Commercial other
    
4,703
      
112
      
(318
)
    
101
      
4,598
  
Real estate mortgage
    
7,336
      
524
      
(97
)
    
23
      
7,786
  
Home equity
    
856
      
56
      
(4
)
    
1
      
909
  
Consumer direct
    
1,932
      
42
      
(150
)
    
95
      
1,919
  
Consumer indirect
    
9,243
      
253
      
(846
)
    
930
      
9,580
  
Total
  
$
46,634
    
$
2,433
    
$
(2,268
)
  
$
1,187
    
$
47,986
  

 
  
Nine Months Ended
September 30, 2020
  
(in thousands)
  
Beginning Balance, Prior to Adoption of ASC 326
    
Impact of Adoption of ASC 326
    
Provision Charged to Expense
    
Losses
Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                                    
Hotel/motel
  
$
3,371
    
$
170
    
$
2,510
    
$
(42
)
  
$
0
    
$
6,009
  
Commercial real estate residential
    
3,439
      
(721
)
    
2,035
      
(148
)
    
13
      
4,618
  
Commercial real estate nonresidential
    
8,515
      
119
      
3,408
      
(937
)
    
49
      
11,154
  
Dealer floorplans
    
802
      
820
      
(183
)
    
(26
)
    
0
      
1,413
  
Commercial other
    
5,556
      
(391
)
    
1,749
      
(2,669
)
    
353
      
4,598
  
Real estate mortgage
    
4,604
      
1,893
      
1,511
      
(276
)
    
54
      
7,786
  
Home equity
    
897
      
(75
)
    
88
      
(4
)
    
3
      
909
  
Consumer direct
    
1,711
      
(40
)
    
715
      
(780
)
    
313
      
1,919
  
Consumer indirect
    
6,201
      
1,265
      
3,258
      
(3,610
)
    
2,466
      
9,580
  
Total
  
$
35,096
    
$
3,040
    
$
15,091
    
$
(8,492
)
  
$
3,251
    
$
47,986
  
Nonaccrual Loans Segregated by Class of Loans

Refer to Note 1 to the condensed consolidated financial statements for further information regarding our nonaccrual policy. Nonaccrual loans and loans 90 days past due and still accruing segregated by class of loans for both September 30, 2021 and December 31, 2020 were as follows:

  
September 30, 2021
  
 (in thousands)
  
Nonaccrual Loans
with No ACL
    
Nonaccrual Loans
with ACL
    
90+ and Still
Accruing
    
Total
Nonperforming
Loans
  
                         
Hotel/motel
  
$
0
    
$
1,099
    
$
0
    
$
1,099
  
Commercial real estate residential
    
0
      
671
      
925
      
1,596
  
Commercial real estate nonresidential
    
3,276
      
1,396
      
963
      
5,635
  
Commercial other
    
0
      
402
      
226
      
628
  
Total commercial loans
    
3,276
      
3,568
      
2,114
      
8,958
  
                                 
Real estate mortgage
    
0
      
4,673
      
3,824
      
8,497
  
Home equity lines
    
0
      
567
      
392
      
959
  
Total residential loans
    
0
      
5,240
      
4,216
      
9,456
  
                                 
Consumer direct
    
0
      
0
      
114
      
114
  
Consumer indirect
    
0
      
0
      
206
      
206
  
Total consumer loans
    
0
      
0
      
320
      
320
  
                                 
Loans and lease financing
  
$
3,276
    
$
8,808
    
$
6,650
    
$
18,734
  


 
December 31, 2020
  
 (in thousands)
  
Nonaccrual Loans
with No ACL
    
Nonaccrual Loans
with ACL
    
90+ and Still
Accruing
    
Total
Nonperforming
Loans
  
                         
Hotel/motel
  
$
0
    
$
0
    
$
0
    
$
0
  
Commercial real estate residential
    
0
      
1,225
      
4,776
      
6,001
  
Commercial real estate nonresidential
    
0
      
1,424
      
7,852
      
9,276
  
Commercial other
    
0
      
867
      
269
      
1,136
  
Total commercial loans
    
0
      
3,516
      
12,897
      
16,413
  
                                 
Real estate mortgage
    
0
      
5,346
      
3,420
      
8,766
  
Home equity lines
    
0
      
582
      
392
      
974
  
Total residential loans
    
0
      
5,928
      
3,812
      
9,740
  
                                 
Consumer direct
    
0
      
0
      
71
      
71
  
Consumer indirect
    
0
      
0
      
353
      
353
  
Total consumer loans
    
0
      
0
      
424
      
424
  
                                 
Loans and lease financing
  
$
0
    
$
9,444
    
$
17,133
    
$
26,577
  
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, 2021 and December 31, 2020 (includes loans 90 days past due and still accruing as well):

  
September 30, 2021
  
(in thousands)
  
30-59
Days
Past Due
    
60-89
Days
Past Due
    
90+ Days
Past Due
    
Total
Past Due
    
Current
    
Total
Loans
  
Hotel/motel
  
$
0
    
$
0
    
$
0
    
$
0
    
$
252,951
    
$
252,951
  
Commercial real estate residential
    
1,037
      
146
      
1,494
      
2,677
      
327,983
      
330,660
  
Commercial real estate nonresidential
    
741
      
294
      
5,092
      
6,127
      
726,315
      
732,442
  
Dealer floorplans
    
0
      
0
      
0
      
0
      
61,423
      
61,423
  
Commercial other
    
544
      
43
      
290
      
877
      
285,332
      
286,209
  
Commercial unsecured SBA PPP
    
0
      
0
      
0
      
0
      
99,116
      
99,116
  
Total commercial loans
    
2,322
      
483
      
6,876
      
9,681
      
1,753,120
      
1,762,801
  
                                                 
Real estate mortgage
    
1,283
      
1,887
      
6,731
      
9,901
      
753,104
      
763,005
  
Home equity lines
    
569
      
243
      
916
      
1,728
      
103,279
      
105,007
  
Total residential loans
    
1,852
      
2,130
      
7,647
      
11,629
      
856,383
      
868,012
  
                                                 
Consumer direct
    
393
      
91
      
114
      
598
      
154,424
      
155,022
  
Consumer indirect
    
2,128
      
500
      
205
      
2,833
      
609,561
      
612,394
  
Total consumer loans
    
2,521
      
591
      
319
      
3,431
      
763,985
      
767,416
  
                                                 
Loans and lease financing
  
$
6,695
    
$
3,204
    
$
14,842
    
$
24,741
    
$
3,373,488
    
$
3,398,229
  


 
December 31, 2020
  
(in thousands)
  
30-59
Days
Past Due
    
60-89
Days
Past Due
    
90+ Days
Past Due
    
Total
Past Due
    
Current
    
Total
Loans
  
Hotel/motel
  
$
0
    
$
0
    
$
0
    
$
0
    
$
260,699
    
$
260,699
  
Commercial real estate residential
    
722
      
413
      
5,577
      
6,712
      
281,216
      
287,928
  
Commercial real estate nonresidential
    
1,199
      
0
      
8,703
      
9,902
      
733,336
      
743,238
  
Dealer floorplans
    
0
      
0
      
0
      
0
      
69,087
      
69,087
  
Commercial other
    
658
      
136
      
835
      
1,629
      
278,279
      
279,908
  
Commercial unsecured SBA PPP
    
0
      
0
      
0
      
0
      
252,667
      
252,667
  
Total commercial loans
    
2,579
      
549
      
15,115
      
18,243
      
1,875,284
      
1,893,527
  
                                                 
Real estate mortgage
    
1,784
      
3,501
      
6,897
      
12,182
      
772,377
      
784,559
  
Home equity lines
    
509
      
305
      
919
      
1,733
      
102,037
      
103,770
  
Total residential loans
    
2,293
      
3,806
      
7,816
      
13,915
      
874,414
      
888,329
  
                                                 
Consumer direct
    
659
      
87
      
71
      
817
      
151,487
      
152,304
  
Consumer indirect
    
2,960
      
973
      
353
      
4,286
      
615,765
      
620,051
  
Total consumer loans
    
3,619
      
1,060
      
424
      
5,103
      
767,252
      
772,355
  
                                                 
Loans and lease financing
  
$
8,491
    
$
5,415
    
$
23,355
    
$
37,261
    
$
3,516,950
    
$
3,554,211
  
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 and based on last credit decision or year of origination:

September 30, 2021
  
Term Loans Amortized Cost Basis by Origination Year
  
(in thousands)
  
2021
    
2020
    
2019
    
2018
    
2017
    
Prior
    
Revolving
Loans
    
Total
  
Hotel/motel
                                                
Risk rating:
                                                
Pass
  
$
28,642
    
$
11,297
    
$
54,177
    
$
18,893
    
$
34,319
    
$
25,001
    
$
90
    
$
172,419
  
Watch
    
9,317
      
14,137
      
8,882
      
8,850
      
2,702
      
32,176
       0      
76,064
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Substandard
    
0
      
0
      
0
      
3,369
      
1,099
      
0
      
0
      
4,468
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total hotel/motel
  
$
37,959
    
$
25,434
    
$
63,059
    
$
31,112
    
$
38,120
    
$
57,177
    
$
90
    
$
252,951
  
                                                                 
Commercial real estate residential
                                                                
Risk rating:
                                                                
Pass
  
$
107,880
    
$
59,176
    
$
34,280
    
$
21,489
    
$
14,686
    
$
53,399
    
$
9,628
    
$
300,538
  
Watch
    
2,367
      
2,385
      
1,976
      
2,169
      
681
      
7,683
      
167
      
17,428
  
OAEM
    
0
      
0
      
0
      
0
      
138
      
0
      
0
      
138
  
Substandard
    
4,307
      
2,120
      
632
      
1,863
      
484
      
3,125
      
25
      
12,556
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial real estate residential
  
$
114,554
    
$
63,681
    
$
36,888
    
$
25,521
    
$
15,989
    
$
64,207
    
$
9,820
    
$
330,660
  
                                                                 
Commercial real estate nonresidential
                                                                
Risk rating:
                                                                
Pass
  
$
143,376
    
$
102,955
    
$
93,085
    
$
58,540
    
$
73,293
    
$
179,541
    
$
19,996
    
$
670,786
  
Watch
    
3,743
      
2,943
      
3,584
      
3,910
      
3,654
      
12,305
      
788
      
30,927
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
272
      
20
      
292
  
Substandard
    
6,326
      
6,260
      
3,843
      
973
      
2,230
      
10,572
      
202
      
30,406
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
31
      
0
      
31
  
Total commercial real estate nonresidential
  
$
153,445
    
$
112,158
    
$
100,512
    
$
63,423
    
$
79,177
    
$
202,721
    
$
21,006
    
$
732,442
  
                                                                 
Dealer floorplans
                                                                
Risk rating:
                                                                
Pass
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
61,068
    
$
61,068
  
Watch
    
0
      
0
      
0
      
0
      
0
      
0
      
355
      
355
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Substandard
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total dealer floorplans
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
61,423
    
$
61,423
  
                                                                 
Commercial other
                                                                
Risk rating:
                                                                
Pass
  
$
57,905
    
$
49,472
    
$
18,560
    
$
30,565
    
$
10,019
    
$
14,906
    
$
72,931
    
$
254,358
  
Watch
    
7,189
      
2,285
      
1,609
      
872
      
409
      
1,181
      
11,402
      
24,947
  
OAEM
    
0
      
0
      
551
      
389
      
16
      
0
      
482
      
1,438
  
Substandard
    
2,106
      
1,707
      
209
      
164
      
335
      
618
      
327
      
5,466
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial other
  
$
67,200
    
$
53,464
    
$
20,929
    
$
31,990
    
$
10,779
    
$
16,705
    
$
85,142
    
$
286,209
  
                                                                 
Commercial unsecured SBA PPP
                                                                
Risk rating:
                                                                
Pass
  
$
84,205
    
$
14,911
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
99,116
  
Watch
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Substandard
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial unsecured SBA PPP
  
$
84,205
    
$
14,911
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
99,116
  
                                                                 
Commercial loans
                                                                
Risk rating:
                                                                
Pass
  
$
422,008
    
$
237,811
    
$
200,102
    
$
129,487
    
$
132,317
    
$
272,847
    
$
163,713
    
$
1,558,285
  
Watch
    
22,616
      
21,750
      
16,051
      
15,801
      
7,446
      
53,345
      
12,712
      
149,721
  
OAEM
    
0
      
0
      
551
      
389
      
154
      
272
      
502
      
1,868
  
Substandard
    
12,739
      
10,087
      
4,684
      
6,369
      
4,148
      
14,315
      
554
      
52,896
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
31
      
0
      
31
  
Total commercial loans
  
$
457,363
    
$
269,648
    
$
221,388
    
$
152,046
    
$
144,065
    
$
340,810
    
$
177,481
    
$
1,762,801
  


December 31, 2020
  
Term Loans Amortized Cost Basis by Origination Year
  
(in thousands)
  
2020
    
2019
    
2018
    
2017
    
2016
    
Prior
    
Revolving
Loans
    
Total
  
Hotel/motel
                                                
Risk rating:
                                                
Pass
  
$
11,507
    
$
70,504
    
$
27,453
    
$
39,651
    
$
6,357
    
$
22,372
    
$
0
    
$
177,844
  
Watch
    
23,951
      
2,506
      
3,366
      
2,102
      
16,740
      
7,422
      
0
      
56,087
  
OAEM
    
0
      
1,993
      
9,576
      
0
      
0
      
0
      
0
      
11,569
  
Substandard
    
0
      
0
      
0
      
1,113
      
8,840
      
5,246
      
0
      
15,199
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total hotel/motel
  
$
35,458
    
$
75,003
    
$
40,395
    
$
42,866
    
$
31,937
    
$
35,040
    
$
0
    
$
260,699
  
                                                                 
Commercial real estate residential
                                                                
Risk rating:
                                                                
Pass
  
$
85,403
    
$
39,238
    
$
29,179
    
$
17,390
    
$
21,272
    
$
46,419
    
$
10,470
    
$
249,371
  
Watch
    
1,714
      
2,214
      
2,438
      
2,962
      
4,520
      
5,306
      
182
      
19,336
  
OAEM
    
1,921
      
1,361
      
323
      
142
      
129
      
0
      
0
      
3,876
  
Substandard
    
4,301
      
606
      
1,991
      
4,076
      
1,108
      
3,263
      
0
      
15,345
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial real estate residential
  
$
93,339
    
$
43,419
    
$
33,931
    
$
24,570
    
$
27,029
    
$
54,988
    
$
10,652
    
$
287,928
  
                                                                 
Commercial real estate nonresidential
                                                                
Risk rating:
                                                                
Pass
  
$
125,205
    
$
97,204
    
$
77,685
    
$
80,416
    
$
100,740
    
$
165,839
    
$
25,524
    
$
672,613
  
Watch
    
5,133
      
3,175
      
5,075
      
6,366
      
3,020
      
11,046
      
601
      
34,416
  
OAEM
    
0
      
887
      
68
      
0
      
0
      
3,382
      
115
      
4,452
  
Substandard
    
7,254
      
6,152
      
3,471
      
2,462
      
1,358
      
10,817
      
215
      
31,729
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
28
      
0
      
28
  
Total commercial real estate nonresidential
  
$
137,592
    
$
107,418
    
$
86,299
    
$
89,244
    
$
105,118
    
$
191,112
    
$
26,455
    
$
743,238
  
                                                                 
Dealer floorplans
                                                                
Risk rating:
                                                                
Pass
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
68,610
    
$
68,610
  
Watch
    
0
      
0
      
0
      
0
      
0
      
0
      
477
      
477
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Substandard
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total dealer floorplans
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
69,087
    
$
69,087
  
                                                                 
Commercial other
                                                                
Risk rating:
                                                                
Pass
  
$
75,014
    
$
26,385
    
$
33,825
    
$
13,975
    
$
6,225
    
$
22,733
    
$
78,547
    
$
256,704
  
Watch
    
2,888
      
378
      
1,130
      
555
      
464
      
595
      
7,030
      
13,040
  
OAEM
    
25
      
0
      
5,056
      
181
      
367
      
0
      
124
      
5,753
  
Substandard
    
2,136
      
556
      
318
      
460
      
460
      
411
      
70
      
4,411
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial other
  
$
80,063
    
$
27,319
    
$
40,329
    
$
15,171
    
$
7,516
    
$
23,739
    
$
85,771
    
$
279,908
  
                                                                 
Commercial unsecured SBA PPP
                                                                
Risk rating:
                                                                
Pass
  
$
252,667
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
252,667
  
Watch
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Substandard
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial unsecured SBA PPP
  
$
252,667
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
252,667
  
                                                                 
Commercial loans
                                                                
Risk rating:
                                                                
Pass
  
$
549,796
    
$
233,331
    
$
168,142
    
$
151,432
    
$
134,594
    
$
257,363
    
$
183,151
    
$
1,677,809
  
Watch
    
33,686
      
8,273
      
12,009
      
11,985
      
24,744
      
24,369
      
8,290
      
123,356
  
OAEM
    
1,946
      
4,241
      
15,023
      
323
      
496
      
3,382
      
239
      
25,650
  
Substandard
    
13,691
      
7,314
      
5,780
      
8,111
      
11,766
      
19,737
      
285
      
66,684
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
28
      
0
      
28
  
Total commercial loans
  
$
599,119
    
$
253,159
    
$
200,954
    
$
171,851
    
$
171600000
    
$
304,879
    
$
191,965
    
$
1,893,527
  
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:

September 30, 2021
  
Term Loans Amortized Cost Basis by Origination Year
  
(in thousands)
  
2021
    
2020
    
2019
    
2018
    
2017
    
Prior
    
Revolving
Loans
    
Total
  
Home equity lines
                                                
Performing
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
11,722
    
$
92,326
    
$
104,048
  
Nonperforming
    
0
      
0
      
0
      
0
      
0
      
550
      
409
      
959
  
Total home equity lines
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
12,272
    
$
92,735
    
$
105,007
  
                                                                 
Mortgage loans
                                                                
Performing
  
$
143,400
    
$
178,922
    
$
83,055
    
$
41,138
    
$
46,078
    
$
261,915
    
$
0
    
$
754,508
  
Nonperforming
    
0
      
0
      
318
      
233
      
499
      
7,447
      
0
      
8,497
  
Total mortgage loans
  
$
143,400
    
$
178,922
    
$
83,373
    
$
41,371
    
$
46,577
    
$
269,362
    
$
0
    
$
763,005
  
                                                                 
Residential loans
                                                                
Performing
  
$
143,400
    
$
178,922
    
$
83,055
    
$
41,138
    
$
46,078
    
$
273,637
    
$
92,326
    
$
858,556
  
Nonperforming
    
0
      
0
      
318
      
233
      
499
      
7,997
      
409
      
9,456
  
Total residential loans
  
$
143,400
    
$
178,922
    
$
83,373
    
$
41,371
    
$
46,577
    
$
281,634
    
$
92,735
    
$
868,012
  
                                                                 
Consumer direct loans
                                                                
Performing
  
$
56,175
    
$
46,993
    
$
21,184
    
$
12,154
    
$
5,183
    
$
13,219
    
$
0
    
$
154,908
  
Nonperforming
    
0
      
112
      
2
      
0
      
0
      
0
      
0
      
114
  
Total consumer direct loans
  
$
56,175
    
$
47,105
    
$
21,186
    
$
12,154
    
$
5,183
    
$
13,219
    
$
0
    
$
155,022
  
                                                                 
Consumer indirect loans
                                                                
Performing
  
$
200,025
    
$
214,770
    
$
92,138
    
$
64,216
    
$
28,806
    
$
12,233
    
$
0
    
$
612,188
  
Nonperforming
    
10
      
54
      
65
      
28
      
24
      
25
      
0
      
206
  
Total consumer indirect loans
  
$
200,035
    
$
214,824
    
$
92,203
    
$
64,244
    
$
28,830
    
$
12,258
    
$
0
    
$
612,394
  
                                                                 
Consumer loans
                                                                
Performing
  
$
256,200
    
$
261,763
    
$
113,322
    
$
76,370
    
$
33,989
    
$
25,452
    
$
0
    
$
767,096
  
Nonperforming
    
10
      
166
      
67
      
28
      
24
      
25
      
0
      
320
  
Total consumer loans
  
$
256,210
    
$
261,929
    
$
113,389
    
$
76,398
    
$
34,013
    
$
25,477
    
$
0
    
$
767,416
  


December 31, 2020
  
Term Loans Amortized Cost Basis by Origination Year
  
(in thousands)
  
2020
    
2019
    
2018
    
2017
    
2016
    
Prior
    
Revolving
Loans
    
Total
  
Home equity lines
                                                
Performing
  
$
0
    
$
0
    
$
0
    
$
0
    
$
23
    
$
12,049
    
$
90,724
    
$
102,796
  
Nonperforming
    
0
      
0
      
0
      
0
      
0
      
585
      
389
      
974
  
Total home equity lines
  
$
0
    
$
0
    
$
0
    
$
0
    
$
23
    
$
12,634
    
$
91,113
    
$
103,770
  
                                                                 
Mortgage loans
                                                                
Performing
  
$
214,629
    
$
119,301
    
$
56,812
    
$
60,915
    
$
48,253
    
$
275,883
    
$
0
    
$
775,793
  
Nonperforming
    
0
      
436
      
303
      
314
      
352
      
7,361
      
0
      
8,766
  
Total mortgage loans
  
$
214,629
    
$
119,737
    
$
57,115
    
$
61,229
    
$
48,605
    
$
283,244
    
$
0
    
$
784,559
  
                                                                 
Residential loans
                                                                
Performing
  
$
214,629
    
$
119,301
    
$
56,812
    
$
60,915
    
$
48,276
    
$
287,932
    
$
90,724
    
$
878,589
  
Nonperforming
    
0
      
436
      
303
      
314
      
352
      
7,946
      
389
      
9,740
  
Total residential loans
  
$
214,629
    
$
119,737
    
$
57,115
    
$
61,229
    
$
48,628
    
$
295,878
    
$
91,113
    
$
888,329
  
                                                                 
Consumer direct loans
                                                                
Performing
  
$
72,677
    
$
32,993
    
$
18,461
    
$
9,157
    
$
6,581
    
$
12,364
    
$
0
    
$
152,233
  
Nonperforming
    
7
      
57
      
0
      
7
      
0
      
0
      
0
      
71
  
Total consumer direct loans
  
$
72,684
    
$
33,050
    
$
18,461
    
$
9,164
    
$
6,581
    
$
12,364
    
$
0
    
$
152,304
  
                                                                 
Consumer indirect loans
                                                                
Performing
  
$
301,494
    
$
135,123
    
$
100,482
    
$
50,665
    
$
23,777
    
$
8,157
    
$
0
    
$
619,698
  
Nonperforming
    
27
      
115
      
118
      
52
      
30
      
11
      
0
      
353
  
Total consumer indirect loans
  
$
301,521
    
$
135,238
    
$
100,600
    
$
50,717
    
$
23,807
    
$
8,168
    
$
0
    
$
620,051
  
                                                                 
Consumer loans
                                                                
Performing
  
$
374,171
    
$
168,116
    
$
118,943
    
$
59,822
    
$
30,358
    
$
20,521
    
$
0
    
$
771,931
  
Nonperforming
    
34
      
172
      
118
      
59
      
30
      
11
      
0
      
424
  
Total consumer loans
  
$
374,205
    
$
168,288
    
$
119,061
    
$
59,881
    
$
30,388
    
$
20,532
    
$
0
    
$
772,355
  
Collateral Dependent Loans and Impaired Loans With/Without Specific Valuation Allowance

In accordance with ASC 326-20-30-2, if a loan does not share risk characteristics with other pooled loans in determining the allowance for credit losses, the loan shall be evaluated for expected credit losses on an individual basis. Of the loans that CTBI has individually evaluated, the loans listed below by segment are those that are collateral dependent:

  
September 30, 2021
  
(in thousands)
  
Number of
Loans
    
Recorded
Investment
    
Specific
Reserve
  
Hotel/motel
    
2
    
$
9,522
    
$
600
  
Commercial real estate residential
    
4
      
7,363
      
0
  
Commercial real estate nonresidential
    
12
      
21,920
      
200
  
Commercial other
    
1
      
1,165
      
400
  
Total collateral dependent loans
    
19
    
$
39,970
    
$
1,200
  

 
December 31, 2020
  
(in thousands)
  
Number of
Loans
    
Recorded
Investment
    
Specific
Reserve
  
Hotel/motel
    
5
    
$
26,194
    
$
250
  
Commercial real estate residential
    
4
      
7,833
      
0
  
Commercial real estate nonresidential
    
12
      
24,497
      
200
  
Commercial other
    
1
      
5,050
      
0
  
Total collateral dependent loans
    
22
    
$
63,574
    
$
450
  

 
September 30, 2020
  
(in thousands)
  
Number of
Loans
    
Recorded
Investment
    
Specific
Reserve
  
Hotel/motel
    
4
    
$
24,357
    
$
250
  
Commercial real estate residential
    
4
      
7,932
      
0
  
Commercial real estate nonresidential
    
11
      
22,383
      
200
  
Commercial other
    
2
      
6,087
      
350
  
Total collateral dependent loans
    
21
    
$
60,759
    
$
800
  
Troubled Debt Restructuring

Certain loans have been modified in troubled debt restructurings, where economic concessions were granted to borrowers consisting of reductions in the interest rates, payment extensions, forgiveness of principal, and forbearances.  Presented below, segregated by class of loans, are troubled debt restructurings that occurred during the three and nine months ended September 30, 2021 and 2020 and the year ended December 31, 2020:

  
Three Months Ended
September 30, 2021
  
   
Pre-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Hotel/motel
    
0
    
$
0
    
$
0
    
$
0
  
Commercial real estate residential
    
2
      
255
      
0
      
255
  
Commercial real estate nonresidential
    
4
      
2,098
      
2,568
      
4,666
  
Commercial other
    
1
      
95
      
0
      
95
  
Total commercial loans
    
7
      
2,448
      
2,568
      
5,016
  
                                 
Total troubled debt restructurings
    
7
    
$
2,448
    
$
2,568
    
$
5,016
  

 
Three Months Ended
September 30, 2021
  
   
Post-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Hotel/motel
    
0
    
$
0
    
$
0
    
$
0
  
Commercial real estate residential
    
2
      
254
      
0
      
254
  
Commercial real estate nonresidential
    
4
      
2,196
      
2,562
      
4,758
  
Commercial other
    
1
      
101
      
0
      
101
  
Total commercial loans
    
7
      
2,551
      
2,562
      
5,113
  
                                 
Total troubled debt restructurings
    
7
    
$
2,551
    
$
2,562
    
$
5,113
  

 
Nine Months Ended
September 30, 2021
  
   
Pre-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Hotel/motel
    
0
    
$
0
    
$
0
    
$
0
  
Commercial real estate residential
    
2
      
255
      
0
      
255
  
Commercial real estate nonresidential
    
9
      
4,179
      
2,988
      
7,167
  
Commercial other
    
3
      
393
      
0
      
393
  
Total commercial loans
    
14
      
4,827
      
2,988
      
7,815
  
                                 
Total troubled debt restructurings
    
14
    
$
4,827
    
$
2,988
    
$
7,815
  


 
Nine Months Ended
September 30, 2021
  
   
Post-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Hotel/motel
    
0
    
$
0
    
$
0
    
$
0
  
Commercial real estate residential
    
2
      
254
      
0
      
254
  
Commercial real estate nonresidential
    
9
      
4,282
      
3,000
      
7,282
  
Commercial other
    
3
      
317
      
0
      
317
  
Total commercial loans
    
14
      
4,853
      
3,000
      
7,853
  
                                 
Total troubled debt restructurings
    
14
    
$
4,853
    
$
3,000
    
$
7,853
  

 
Year Ended
December 31, 2020
  
   
Pre-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Hotel/motel
    
1
    
$
1,113
    
$
0
    
$
1,113
  
Commercial real estate residential
    
12
      
4,694
      
1,809
      
6,503
  
Commercial real estate nonresidential
    
18
      
7,295
      
782
      
8,077
  
Commercial other
    
12
      
637
      
53
      
690
  
Total commercial loans
    
43
      
13,739
      
2,644
      
16,383
  
                                 
Real estate mortgage
    
4
      
1,496
      
0
      
1,496
  
Total residential loans
    
4
      
1,496
      
0
      
1,496
  
                                 
Total troubled debt restructurings
    
47
    
$
15,235
    
$
2,644
    
$
17,879
  

 
Year Ended
December 31, 2020
  
   
Post-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Hotel/motel
    
1
    
$
1,113
    
$
0
    
$
1,113
  
Commercial real estate residential
    
12
      
4,696
      
1,809
      
6,505
  
Commercial real estate nonresidential
    
18
      
7,349
      
782
      
8,131
  
Commercial other
    
12
      
571
      
51
      
622
  
Total commercial loans
    
43
      
13,729
      
2,642
      
16,371
  
                                 
Real estate mortgage
    
4
      
1,479
      
0
      
1,479
  
Total residential loans
    
4
      
1,479
      
0
      
1,479
  
                                 
Total troubled debt restructurings
    
47
    
$
15,208
    
$
2,642
    
$
17,850
  


 
Three Months Ended
September 30, 2020
  
   
Pre-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Commercial real estate residential
    
1
    
$
101
    
$
0
    
$
101
  
Commercial real estate nonresidential
    
3
      
4,421
      
0
      
4,421
  
Commercial other
    
1
      
52
      
0
      
52
  
Total commercial loans
    
5
      
4,574
      
0
      
4,574
  
                                 
Real estate mortgage
    
1
      
283
      
0
      
283
  
Total residential loans
    
1
      
283
      
0
      
283
  
                                 
Total troubled debt restructurings
    
6
    
$
4,857
    
$
0
    
$
4,857
  

 
Three Months Ended
September 30, 2020
  
   
Post-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Commercial real estate residential
    
1
    
$
101
    
$
0
    
$
101
  
Commercial real estate nonresidential
    
3
      
4,479
      
0
      
4,479
  
Commercial other
    
1
      
52
      
0
      
52
  
Total commercial loans
    
5
      
4,632
      
0
      
4,632
  
                                 
Real estate mortgage
    
1
      
282
      
0
      
282
  
Total residential loans
    
1
      
282
      
0
      
282
  
                                 
Total troubled debt restructurings
    
6
    
$
4,914
    
$
0
    
$
4,914
  

 
Nine Months Ended
September 30, 2020
  
   
Pre-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Commercial real estate residential
    
12
    
$
4,694
    
$
1,809
    
$
6,503
  
Commercial real estate nonresidential
    
15
      
7,185
      
510
      
7,695
  
Commercial other
    
10
      
631
      
25
      
656
  
Total commercial loans
    
37
      
12,510
      
2,344
      
14,854
  
                                 
Real estate mortgage
    
3
      
1,216
      
0
      
1,216
  
Total residential loans
    
3
      
1,216
      
0
      
1,216
  
                                 
Total troubled debt restructurings
    
40
    
$
13,726
    
$
2,344
    
$
16,070
  

 
Nine Months Ended
September 30, 2020
  
   
Post-Modification Outstanding Balance
  
(in thousands)
  
Number of
Loans
    
Term
Modification
    
Combination
    
Total
Modification
  
Commercial real estate residential
    
12
    
$
4,696
    
$
1,809
    
$
6,505
  
Commercial real estate nonresidential
    
15
      
7,234
      
510
      
7,744
  
Commercial other
    
10
      
565
      
25
      
590
  
Total commercial loans
    
37
      
12,495
      
2,344
      
14,839
  
                                 
Real estate mortgage
    
3
      
1,203
      
0
      
1,203
  
Total residential loans
    
3
      
1,203
      
0
      
1,203
  
                                 
Total troubled debt restructurings
    
40
    
$
13,698
    
$
2,344
    
$
16,042
  
Defaulted Restructured Loans

Loans retain their accrual status at the time of their modification. As a result, if a loan is on nonaccrual at the time it is modified, it stays as nonaccrual, and if a loan is on accrual at the time of the modification, it generally stays on accrual.  Commercial and consumer loans modified in a troubled debt restructuring are closely monitored for delinquency as an early indicator of possible future default.  If loans modified in a troubled debt restructuring subsequently default, CTBI evaluates the loan for possible further impairment.  The allowance for loan losses may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan.  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.  Presented below, segregated by segment, are troubled debt restructurings for which there was a payment default during the periods indicated and such default was within twelve months of the loan modification.  There were no defaulted restructured loans for the three months ended September 30, 2021 and 2020.

(in thousands)
 
Nine Months Ended
September 30, 2021
 
 
Nine Months Ended
September 30, 2020
 
 
 
Number of Loans
 
 
Recorded Balance
 
 
Number of Loans
 
 
Recorded Balance
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Hotel/motel
 
 
1
 
 
$
1,113
 
 
 
0
 
 
$
0
 
Commercial other
 
 
0
 
 
 
0
 
 
 
3
 
 
 
368
 
Residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage
 
 
1
 
 
 
275
 
 
 
0
 
 
 
0
 
Total defaulted restructured loans
 
 
2
 
 
$
1,388
 
 
 
3
 
 
$
368