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Loans (Tables)
 3 Months Ended
Mar. 31, 2022
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)
  
March 31
2022
    
December 31
2021
  
Hotel/motel
  
$
274,256
    
$
257,062
  
Commercial real estate residential
    
337,447
      
335,233
  
Commercial real estate nonresidential
    
774,791
      
757,893
  
Dealer floorplans
    
72,766
      
69,452
  
Commercial other
    
322,109
      
290,478
  
Commercial unsecured SBA PPP
    
22,482
      
47,335
  
Commercial loans
    
1,803,851
      
1,757,453
  
                 
Real estate mortgage
    
780,453
      
767,185
  
Home equity lines
    
107,230
      
106,667
  
Residential loans
    
887,683
      
873,852
  
                 
Consumer direct
    
156,620
      
156,683
  
Consumer indirect
    
667,387
      
620,825
  
Consumer loans
    
824,007
      
777,508
  
                 
Loans and lease financing
  
$
3,515,541
    
$
3,408,813
  
Activity in Allowance for Credit Losses

The following tables present the balance in the allowance for credit losses (“ACL”) for the periods ended March 31, 2022,  December 31, 2021 and March 31, 2021:

   
Three Months Ended
March 31, 2022
  
(in thousands)
  
Beginning Balance
    
Provision Charged to Expense
    
Losses Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                              
Hotel/motel
  
$
5,080
    
$
(153
)
  
$
(216
)
  
$
0
    
$
4,711
  
Commercial real estate residential
    
3,986
      
110
      
(31
)
    
5
      
4,070
  
Commercial real estate nonresidential
    
8,884
      
174
      
0
      
111
      
9,169
  
Dealer floorplans
    
1,436
      
83
      
0
      
0
      
1,519
  
Commercial other
    
4,422
      
478
      
(157
)
    
101
      
4,844
  
Real estate mortgage
    
7,637
      
97
      
(93
)
    
21
      
7,662
  
Home equity
    
866
      
(33
)
    
(19
)
    
5
      
819
  
Consumer direct
    
1,951
      
(180
)
    
(170
)
    
186
      
1,787
  
Consumer indirect
    
7,494
      
299
      
(634
)
    
569
      
7,728
  
Total
  
$
41,756
    
$
875
    
$
(1,320
)
  
$
998
    
$
42,309
  

   
Year Ended
December 31, 2021
  
(in thousands)
  
Beginning Balance
    
Provision Charged to Expense
    
Losses Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                              
Hotel/motel
  
$
6,356
    
$
(1,276
)
  
$
0
    
$
0
    
$
5,080
  
Commercial real estate residential
    
4,464
      
(488
)
    
(28
)
    
38
      
3,986
  
Commercial real estate nonresidential
    
11,086
      
(2,233
)
    
(306
)
    
337
      
8,884
  
Dealer floorplans
    
1,382
      
54
      
0
      
0
      
1,436
  
Commercial other
    
4,289
      
388
      
(644
)
    
389
      
4,422
  
Real estate mortgage
    
7,832
      
3
      
(266
)
    
68
      
7,637
  
Home equity
    
844
      
39
      
(36
)
    
19
      
866
  
Consumer direct
    
1,863
      
256
      
(684
)
    
516
      
1,951
  
Consumer indirect
    
9,906
      
(3,129
)
    
(2,361
)
    
3,078
      
7,494
  
Total
  
$
48,022
    
$
(6,386
)
  
$
(4,325
)
  
$
4,445
    
$
41,756
  

   
Three Months Ended
March 31, 2021
  
(in thousands)
  
Beginning Balance
    
Provision Charged to Expense
    
Losses Charged Off
    
Recoveries
    
Ending Balance
  
ACL
                              
Hotel/motel
  
$
6,356
    
$
308
    
$
0
    
$
0
    
$
6,664
  
Commercial real estate residential
    
4,464
      
199
      
(24
)
    
2
      
4,641
  
Commercial real estate nonresidential
    
11,086
      
(135
)
    
(151
)
    
13
      
10,813
  
Dealer floorplans
    
1,382
      
(64
)
    
0
      
0
      
1,318
  
Commercial other
    
4,289
      
269
      
(112
)
    
125
      
4,571
  
Real estate mortgage
    
7,832
      
(690
)
    
(8
)
    
9
      
7,143
  
Home equity
    
844
      
(93
)
    
(5
)
    
4
      
750
  
Consumer direct
    
1,863
      
(14
)
    
(154
)
    
116
      
1,811
  
Consumer indirect
    
9,906
      
(2,279
)
    
(1,016
)
    
1,024
      
7,635
  
Total
  
$
48,022
    
$
(2,499
)
  
$
(1,470
)
  
$
1,293
    
$
45,346
  
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 March 31, 2022 and December 31, 2021 were as follows:

 
March 31, 2022
  
 (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
      
216
      
202
      
418
  
Commercial real estate nonresidential
    
2,431
      
1,430
      
414
      
4,275
  
Commercial other
    
0
      
269
      
52
      
321
  
Commercial unsecured SBA PPP
     0       0       8       8  
Total commercial loans
    
2,431
      
1,915
      
676
      
5,022
  
                                 
Real estate mortgage
    
0
      
3,985
      
3,509
      
7,494
  
Home equity lines
    
0
      
501
      
471
      
972
  
Total residential loans
    
0
      
4,486
      
3,980
      
8,466
  
                                 
Consumer direct
    
0
      
0
      
23
      
23
  
Consumer indirect
    
0
      
0
      
179
      
179
  
Total consumer loans
    
0
      
0
      
202
      
202
  
                                 
Loans and lease financing
  
$
2,431
    
$
6,401
    
$
4,858
    
$
13,690
  

 
December 31, 2021
  
 (in thousands)
  
Nonaccrual Loans
with No ACL
    
Nonaccrual Loans
with ACL
    
90+ and Still
Accruing
    
Total
Nonperforming
Loans
  
                         
Hotel/motel
  
$
0
    
$
1,075
    
$
0
    
$
1,075
  
Commercial real estate residential
    
0
      
585
      
312
      
897
  
Commercial real estate nonresidential
    
2,447
      
1,602
      
144
      
4,193
  
Commercial other
    
0
      
302
      
76
      
378
  
Total commercial loans
    
2,447
      
3,564
      
532
      
6,543
  
                                 
Real estate mortgage
    
0
      
4,081
      
4,659
      
8,740
  
Home equity lines
    
0
      
579
      
513
      
1,092
  
Total residential loans
    
0
      
4,660
      
5,172
      
9,832
  
                                 
Consumer direct
    
0
      
0
      
44
      
44
  
Consumer indirect
    
0
      
0
      
206
      
206
  
Total consumer loans
    
0
      
0
      
250
      
250
  
                                 
Loans and lease financing
  
$
2,447
    
$
8,224
    
$
5,954
    
$
16,625
  
Bank's Loan Portfolio Aging Analysis, Segregated by Class

The following tables present CTBI’s loan portfolio aging analysis, segregated by class, as of March 31, 2022 and December 31, 2021 (includes loans 90 days past due and still accruing as well):

March 31, 2022
  
(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
    
$
274,256
    
$
274,256
  
Commercial real estate residential
    
2,019
      
202
      
369
      
2,590
      
334,857
      
337,447
  
Commercial real estate nonresidential
    
1,119
      
305
      
3,756
      
5,180
      
769,611
      
774,791
  
Dealer floorplans
    
0
      
0
      
0
      
0
      
72,766
      
72,766
  
Commercial other
    
923
      
10
      
82
      
1,015
      
321,094
      
322,109
  
Commercial unsecured SBA PPP
    
0
      
279
      
8
      
287
      
22,195
      
22,482
  
Total commercial loans
    
4,061
      
796
      
4,215
      
9,072
      
1,794,779
      
1,803,851
  
                                                 
Real estate mortgage
    
1,249
      
3,206
      
5,001
      
9,456
      
770,997
      
780,453
  
Home equity lines
    
479
      
205
      
775
      
1,459
      
105,771
      
107,230
  
Total residential loans
    
1,728
      
3,411
      
5,776
      
10,915
      
876,768
      
887,683
  
                                                 
Consumer direct
    
371
      
182
      
22
      
575
      
156,045
      
156,620
  
Consumer indirect
    
1,516
      
339
      
178
      
2,033
      
665,354
      
667,387
  
Total consumer loans
    
1,887
      
521
      
200
      
2,608
      
821,399
      
824,007
  
                                                 
Loans and lease financing
  
$
7,676
    
$
4,728
    
$
10,191
    
$
22,595
    
$
3,492,946
    
$
3,515,541
  

December 31, 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
    
$
257,062
    
$
257,062
  
Commercial real estate residential
    
274
      
116
      
845
      
1,235
      
333,998
      
335,233
  
Commercial real estate nonresidential
    
1,303
      
147
      
3,509
      
4,959
      
752,934
      
757,893
  
Dealer floorplans
    
0
      
0
      
0
      
0
      
69,452
      
69,452
  
Commercial other
    
1,225
      
175
      
108
      
1,508
      
288,970
      
290,478
  
Commercial unsecured SBA PPP
    
14
      
34
      
0
      
48
      
47,287
      
47,335
  
Total commercial loans
    
2,816
      
472
      
4,462
      
7,750
      
1,749,703
      
1,757,453
  
                                                 
Real estate mortgage
    
1,171
      
2,707
      
6,859
      
10,737
      
756,448
      
767,185
  
Home equity lines
    
656
      
315
      
903
      
1,874
      
104,793
      
106,667
  
Total residential loans
    
1,827
      
3,022
      
7,762
      
12,611
      
861,241
      
873,852
  
                                                 
Consumer direct
    
396
      
179
      
44
      
619
      
156,064
      
156,683
  
Consumer indirect
    
2,889
      
533
      
206
      
3,628
      
617,197
      
620,825
  
Total consumer loans
    
3,285
      
712
      
250
      
4,247
      
773,261
      
777,508
  
                                                 
Loans and lease financing
  
$
7,928
    
$
4,206
    
$
12,474
    
$
24,608
    
$
3,384,205
    
$
3,408,813
  
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:

March 31, 2022
  
Term Loans Amortized Cost Basis by Origination Year
  
(in thousands)
  
2022
    
2021
    
2020
    
2019
    
2018
    
Prior
    
Revolving
Loans
    
Total
  
Hotel/motel
                                                
 Risk rating:
                                                
Pass
  
$
37,289
    
$
27,824
    
$
11,120
    
$
53,233
    
$
18,607
    
$
49,251
    
$
0
    
$
197,324
  
Watch
    
3,960
      
9,149
      
13,921
      
8,741
      
8,709
      
29,113
      
0
      
73,593
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Substandard
    
0
      
0
      
0
      
0
      
3,339
      
0
      
0
      
3,339
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total hotel/motel
  
$
41,249
    
$
36,973
    
$
25,041
    
$
61,974
    
$
30,655
    
$
78,364
    
$
0
    
$
274,256
  
                                                                 
Commercial real estate residential
                                                                
 Risk rating:
                                                                
Pass
  
$
26,018
    
$
135,618
    
$
48,239
    
$
17,798
    
$
18,552
    
$
52,486
    
$
10,157
    
$
308,868
  
Watch
    
614
      
2,214
      
2,367
      
2,000
      
2,409
      
7,488
      
37
      
17,129
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
15
      
0
      
15
  
Substandard
    
322
      
4,260
      
1,917
      
383
      
1,715
      
2,614
      
224
      
11,435
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial real estate residential
  
$
26,954
    
$
142,092
    
$
52,523
    
$
20,181
    
$
22,676
    
$
62,603
    
$
10,418
    
$
337,447
  
                                                                 
Commercial real estate nonresidential
                                                                
 Risk rating:
                                                                
Pass
  
$
46,930
    
$
213,550
    
$
97,038
    
$
80,023
    
$
52,560
    
$
198,565
    
$
29,254
    
$
717,920
  
Watch
    
2,647
      
4,430
      
2,688
      
3,072
      
2,602
      
13,046
      
1,041
      
29,526
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
112
      
20
      
132
  
Substandard
    
1,347
      
4,883
      
5,499
      
3,416
      
1,119
      
10,618
      
24
      
26,906
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
307
      
0
      
307
  
Total commercial real estate nonresidential
  
$
50,924
    
$
222,863
    
$
105,225
    
$
86,511
    
$
56,281
    
$
222,648
    
$
30,339
    
$
774,791
  
                                                                 
Dealer floorplans
                                                                
 Risk rating:
                                                                
Pass
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
72,309
    
$
72,309
  
Watch
    
0
      
0
      
0
      
0
      
0
      
0
      
457
      
457
  
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
    
$
72,766
    
$
72,766
  
                                                                 
Commercial other
                                                                
 Risk rating:
                                                                
Pass
  
$
38,977
    
$
60,835
    
$
39,687
    
$
13,194
    
$
29,265
    
$
29,659
    
$
80,968
    
$
292,585
  
Watch
    
949
      
648
      
702
      
364
      
473
      
1,177
      
6,728
      
11,041
  
OAEM
    
0
      
0
      
0
      
0
      
3
      
0
      
0
      
3
  
Substandard
    
1,357
      
6,954
      
2,844
      
1,254
      
329
      
795
      
4,947
      
18,480
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial other
  
$
41,283
    
$
68,437
    
$
43,233
    
$
14,812
    
$
30,070
    
$
31,631
    
$
92,643
    
$
322,109
  
                                                                 
Commercial unsecured SBA PPP
                                                                
 Risk rating:
                                                                
Pass
  
$
0
    
$
22,176
    
$
306
    
$
0
    
$
0
    
$
0
    
$
0
    
$
22,482
  
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
  
$
0
    
$
22,176
    
$
306
    
$
0
    
$
0
    
$
0
    
$
0
    
$
22,482
  
                                                                 
Commercial loans
                                                                
 Risk rating:
                                                                
Pass
  
$
149,214
    
$
460,003
    
$
196,390
    
$
164,248
    
$
118,984
    
$
329,961
    
$
192,688
    
$
1,611,488
  
Watch
    
8,170
      
16,441
      
19,678
      
14,177
      
14,193
      
50,824
      
8,263
      
131,746
  
OAEM
    
0
      
0
      
0
      
0
      
3
      
127
      
20
      
150
  
Substandard
    
3,026
      
16,097
      
10,260
      
5,053
      
6,502
      
14,027
      
5,195
      
60,160
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
307
      
0
      
307
  
Total commercial loans
  
$
160,410
    
$
492,541
    
$
226,328
    
$
183,478
    
$
139,682
    
$
395,246
    
$
206,166
    
$
1,803,851
  

December 31, 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
  
$
42,056
    
$
11,231
    
$
53,713
    
$
18,752
    
$
32,765
    
$
20,087
    
$
0
    
$
178,604
  
Watch
    
9,234
      
14,021
      
8,813
      
8,780
      
2,678
      
30,502
      
0
      
74,028
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Substandard
    
0
      
0
      
0
      
3,355
      
1,075
      
0
      
0
      
4,430
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total hotel/motel
  
$
51,290
    
$
25,252
    
$
62,526
    
$
30,887
    
$
36,518
    
$
50,589
    
$
0
    
$
257,062
  
                                                                 
Commercial real estate residential
                                                                
 Risk rating:
                                                                
Pass
  
$
142,364
    
$
54,380
    
$
22,320
    
$
19,826
    
$
11,919
    
$
45,791
    
$
9,544
    
$
306,144
  
Watch
    
2,643
      
2,359
      
1,962
      
2,119
      
554
      
6,949
      
156
      
16,742
  
OAEM
    
0
      
0
      
0
      
0
      
16
      
0
      
0
      
16
  
Substandard
    
4,822
      
1,990
      
620
      
1,835
      
596
      
2,468
      
0
      
12,331
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial real estate residential
  
$
149,829
    
$
58,729
    
$
24,902
    
$
23,780
    
$
13,085
    
$
55,208
    
$
9,700
    
$
335,233
  
                                                                 
Commercial real estate nonresidential
                                                                
 Risk rating:
                                                                
Pass
  
$
214,563
    
$
99,131
    
$
82,386
    
$
57,397
    
$
55,422
    
$
168,533
    
$
22,389
    
$
699,821
  
Watch
    
5,130
      
2,865
      
3,981
      
2,802
      
3,655
      
11,828
      
767
      
31,028
  
OAEM
    
0
      
0
      
0
      
0
      
0
      
178
      
20
      
198
  
Substandard
    
5,201
      
5,098
      
3,764
      
600
      
2,016
      
9,659
      
200
      
26,538
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
308
      
0
      
308
  
Total commercial real estate nonresidential
  
$
224,894
    
$
107,094
    
$
90,131
    
$
60,799
    
$
61,093
    
$
190,506
    
$
23,376
    
$
757,893
  
                                                                 
Dealer floorplans
                                                                
 Risk rating:
                                                                
Pass
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
69,105
    
$
69,105
  
Watch
    
0
      
0
      
0
      
0
      
0
      
0
      
347
      
347
  
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
    
$
69,452
    
$
69,452
  
                                                                 
Commercial other
                                                                
 Risk rating:
                                                                
Pass
  
$
72,650
    
$
43,838
    
$
16,495
    
$
29,858
    
$
9,105
    
$
13,346
    
$
75,119
    
$
260,411
  
Watch
    
7,196
      
1,967
      
1,582
      
599
      
332
      
1,071
      
11,792
      
24,539
  
OAEM
    
0
      
0
      
268
      
383
      
12
      
1
      
482
      
1,146
  
Substandard
    
1,600
      
1,589
      
147
      
184
      
287
      
451
      
124
      
4,382
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
0
      
0
      
0
  
Total commercial other
  
$
81,446
    
$
47,394
    
$
18,492
    
$
31,024
    
$
9,736
    
$
14,869
    
$
87,517
    
$
290,478
  
                                                                 
Commercial unsecured SBA PPP
                                                                
 Risk rating:
                                                                
Pass
  
$
46,227
    
$
1,108
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
47,335
  
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
  
$
46,227
    
$
1,108
    
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
47,335
  
                                                                 
Commercial loans
                                                                
 Risk rating:
                                                                
Pass
  
$
517,860
    
$
209,688
    
$
174,914
    
$
125,833
    
$
109,211
    
$
247,757
    
$
176,157
    
$
1,561,420
  
Watch
    
24,203
      
21,212
      
16,338
      
14,300
      
7,219
      
50,350
      
13,062
      
146,684
  
OAEM
    
0
      
0
      
268
      
383
      
28
      
179
      
502
      
1,360
  
Substandard
    
11,623
      
8,677
      
4,531
      
5,974
      
3,974
      
12,578
      
324
      
47,681
  
Doubtful
    
0
      
0
      
0
      
0
      
0
      
308
      
0
      
308
  
Total commercial loans
  
$
553,686
    
$
239,577
    
$
196,051
    
$
146,490
    
$
120,432
    
$
311,172
    
$
190,045
    
$
1,757,453
  
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:

March 31, 2022
  
Term Loans Amortized Cost Basis by Origination Year
  
(in thousands)
  
2022
    
2021
    
2020
    
2019
    
2018
    
Prior
    
Revolving
Loans
    
Total
  
Home equity lines
                                                
Performing
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
11,934
    
$
94,324
    
$
106,258
  
Nonperforming
    
0
      
0
      
0
      
0
      
0
      
635
      
337
      
972
  
Total home equity lines
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
12,569
    
$
94,661
    
$
107,230
  
                                                                 
Mortgage loans
                                                                
Performing
  
$
44,293
    
$
196,891
    
$
151,515
    
$
70,288
    
$
35,606
    
$
274,366
    
$
0
    
$
772,959
  
Nonperforming
    
0
      
0
      
0
      
485
      
415
      
6,594
      
0
      
7,494
  
Total mortgage loans
  
$
44,293
    
$
196,891
    
$
151,515
    
$
70,773
    
$
36,021
    
$
280,960
    
$
0
    
$
780,453
  
                                                                 
Residential loans
                                                                
Performing
  
$
44,293
    
$
196,891
    
$
151,515
    
$
70,288
    
$
35,606
    
$
286,300
    
$
94,324
    
$
879,217
  
Nonperforming
    
0
      
0
      
0
      
485
      
415
      
7,229
      
337
      
8,466
  
Total residential loans
  
$
44,293
    
$
196,891
    
$
151,515
    
$
70,773
    
$
36,021
    
$
293,529
    
$
94,661
    
$
887,683
  
                                                                 
Consumer direct loans
                                                                
Performing
  
$
19,055
    
$
62,560
    
$
34,193
    
$
16,419
    
$
9,332
    
$
15,038
    
$
0
    
$
156,597
  
Nonperforming
    
0
      
0
      
14
      
0
      
9
      
0
      
0
      
23
  
Total consumer direct loans
  
$
19,055
    
$
62,560
    
$
34,207
    
$
16,419
    
$
9,341
    
$
15,038
    
$
0
    
$
156,620
  
                                                                 
Consumer indirect loans
                                                                
Performing
  
$
123,676
    
$
235,189
    
$
167,492
    
$
70,474
    
$
46,187
    
$
24,190
    
$
0
    
$
667,208
  
Nonperforming
    
0
      
105
      
7
      
53
      
0
      
14
      
0
      
179
  
Total consumer indirect loans
  
$
123,676
    
$
235,294
    
$
167,499
    
$
70,527
    
$
46,187
    
$
24,204
    
$
0
    
$
667,387
  
                                                                 
Consumer loans
                                                                
Performing
  
$
142,731
    
$
297,749
    
$
201,685
    
$
86,893
    
$
55,519
    
$
39,228
    
$
0
    
$
823,805
  
Nonperforming
    
0
      
105
      
21
      
53
      
9
      
14
      
0
      
202
  
Total consumer loans
  
$
142,731
    
$
297,854
    
$
201,706
    
$
86,946
    
$
55,528
    
$
39,242
    
$
0
    
$
824,007
  

December 31, 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
    
$
10,909
    
$
94,666
    
$
105,575
  
Nonperforming
    
0
      
0
      
0
      
0
      
0
      
520
      
572
      
1,092
  
Total home equity lines
  
$
0
    
$
0
    
$
0
    
$
0
    
$
0
    
$
11,429
    
$
95,238
    
$
106,667
  
                                                                 
Mortgage loans
                                                                
Performing
  
$
195,731
    
$
161,471
    
$
75,792
    
$
37,188
    
$
42,597
    
$
245,666
    
$
0
    
$
758,445
  
Nonperforming
    
0
      
63
      
424
      
364
      
558
      
7,331
      
0
      
8,740
  
Total mortgage loans
  
$
195,731
    
$
161,534
    
$
76,216
    
$
37,552
    
$
43,155
    
$
252,997
    
$
0
    
$
767,185
  
                                                                 
Residential loans
                                                                
Performing
  
$
195,731
    
$
161,471
    
$
75,792
    
$
37,188
    
$
42,597
    
$
256,575
    
$
94,666
    
$
864,020
  
Nonperforming
    
0
      
63
      
424
      
364
      
558
      
7,851
      
572
      
9,832
  
Total residential loans
  
$
195,731
    
$
161,534
    
$
76,216
    
$
37,552
    
$
43,155
    
$
264,426
    
$
95,238
    
$
873,852
  
                                                                 
Consumer direct loans
                                                                
Performing
  
$
71,626
    
$
39,312
    
$
18,492
    
$
10,468
    
$
4,490
    
$
12,251
    
$
0
    
$
156,639
  
Nonperforming
    
0
      
4
      
3
      
34
      
3
      
0
      
0
      
44
  
Total consumer direct loans
  
$
71,626
    
$
39,316
    
$
18,495
    
$
10,502
    
$
4,493
    
$
12,251
    
$
0
    
$
156,683
  
                                                                 
Consumer indirect loans
                                                                
Performing
  
$
263,127
    
$
190,145
    
$
80,793
    
$
54,437
    
$
23,449
    
$
8,668
    
$
0
    
$
620,619
  
Nonperforming
    
24
      
135
      
20
      
0
      
23
      
4
      
0
      
206
  
Total consumer indirect loans
  
$
263,151
    
$
190,280
    
$
80,813
    
$
54,437
    
$
23,472
    
$
8,672
    
$
0
    
$
620,825
  
                                                                 
Consumer loans
                                                                
Performing
  
$
334,753
    
$
229,457
    
$
99,285
    
$
64,905
    
$
27,939
    
$
20,919
    
$
0
    
$
777,258
  
Nonperforming
    
24
      
139
      
23
      
34
      
26
      
4
      
0
      
250
  
Total consumer loans
  
$
334,777
    
$
229,596
    
$
99,308
    
$
64,939
    
$
27,965
    
$
20,923
    
$
0
    
$
777,508
  
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:

 
March 31, 2022
  
(in thousands)
  
Number of
Loans
    
Recorded
Investment
    
Specific
Reserve
  
Hotel/motel
    
1
    
$
8,348
    
$
0
  
Commercial real estate residential
    
4
      
7,119
      
0
  
Commercial real estate nonresidential
    
11
      
19,827
      
200
  
Commercial other
    
4
      
11,634
      
300
  
Total collateral dependent loans
    
20
    
$
46,928
    
$
500
  

 
December 31, 2021
  
(in thousands)
  
Number of
Loans
    
Recorded
Investment
    
Specific
Reserve
  
Hotel/motel
    
2
    
$
9,462
    
$
600
  
Commercial real estate residential
    
4
      
7,255
      
0
  
Commercial real estate nonresidential
    
11
      
19,943
      
200
  
Commercial other
    
1
      
1,113
      
350
  
Total collateral dependent loans
    
18
    
$
37,773
    
$
1,150
  

 
March 31, 2021
  
(in thousands)
  
Number of
Loans
    
Recorded
Investment
    
Specific
Reserve
  
Hotel/motel
    
6
    
$
34,174
    
$
550
  
Commercial real estate residential
    
5
      
8,679
      
0
  
Commercial real estate nonresidential
    
10
      
19,431
      
200
  
Commercial other
    
1
      
1,267
      
0
  
Total collateral dependent loans
    
22
    
$
63,551
    
$
750
  
Troubled Debt Restructuring

Certain loans have been modified in TDRs, 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 TDRs that occurred during the three months ended March 31, 2022 and 2021 and the year ended December 31, 2021:

   
Three Months Ended
March 31, 2022
  
   
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
      
154
      
0
      
154
  
Commercial real estate nonresidential
    
2
      
245
      
0
      
245
  
Commercial other
    
4
      
964
      
0
      
964
  
Total commercial loans
    
8
      
1,363
      
0
      
1,363
  
                                 
Real estate mortgage
    
2
      
0
      
916
      
916
  
Total residential loans
    
2
      
0
      
916
      
916
  
                                 
Total troubled debt restructurings
    
10
    
$
1,363
    
$
916
    
$
2,279
  

   
Three Months Ended
March 31, 2022
  
   
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
      
154
      
0
      
154
  
Commercial real estate nonresidential
    
2
      
244
      
0
      
244
  
Commercial other
    
4
      
963
      
0
      
963
  
Total commercial loans
    
8
      
1,361
      
0
      
1,361
  
                                 
Real estate mortgage
    
2
      
0
      
916
      
916
  
Total residential loans
    
2
      
0
      
916
      
916
  
                                 
Total troubled debt restructurings
    
10
    
$
1,361
    
$
916
    
$
2,277
  

   
Year Ended
December 31, 2021
  
   
Pre-Modification Outstanding Balance
  
(in thousands)
  
Number of Loans
    
Term Modification
    
Combination
    
Other
    
Total Modification
  
Hotel/motel
    
0
     $
0
     $
0
     $
0
     $
0
  
Commercial real estate residential
    
6
    

388
    

0
    

0    
388
  
Commercial real estate nonresidential
    
9
      
4,179
      
2,988
       0      
7,167
  
Commercial other
    
5
      
417
      
0
      
0
      
417
  
Total commercial loans
    
20
      
4,984
      
2,988
      
0
      
7,972
  
                                         
Real estate mortgage
    
3
      
278
      
277
      
262
      
817
  
Total residential loans
    
3
      
278
      
277
      
262
      
817
  
                             
         
Total troubled debt restructurings
    
23
    
$
5,262
    
$
3,265
    
$
262
    
$
8,789
  

   
Year Ended
December 31, 2021
  
   
Post-Modification Outstanding Balance
  
(in thousands)
  
Number of Loans
    
Term Modification
    
Combination
    
Other
    
Total Modification
  
Commercial real estate residential
    
6
    
$
424
    
$
0
    
$
 0    
$
424
  
Commercial real estate nonresidential
    
9
      
4,282
      
3,000
      
0
      
7,282
  
Hotel/motel
    
0
      
0
      
0
       0      
0
  
Commercial other
    
5
      
340
      
0
      
0
      
340
  
Total commercial loans
    
20
      
5,046
      
3,000
      
0
      
8,046
  
                                         
Real estate mortgage
    
3
      
279
      
277
      
262
      
818
  
Total residential loans
    
3
      
279
      
277
      
262
      
818
  
                                         
Total troubled debt restructurings
    
23
    
$
5,325
    
$
3,277
    
$
262
    
$
8,864
  

   
Three Months Ended
March 31, 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
    
0
      
0
      
0
      
0
  
Commercial real estate nonresidential
    
1
      
0
      
284
      
284
  
Commercial other
    
0
      
0
      
0
      
0
  
Total commercial loans
    
1
      
0
      
284
      
284
  
                                 
Real estate mortgage
    
0
      
0
      
0
      
0
  
Total residential loans
    
0
      
0
      
0
      
0
  
                                 
Total troubled debt restructurings
    
1
    
$
0
    
$
284
    
$
284
  

   
Three Months Ended
March 31, 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
    
0
      
0
      
0
      
0
  
Commercial real estate nonresidential
    
1
      
0
      
284
      
284
  
Commercial other
    
0
      
0
      
0
      
0
  
Total commercial loans
    
1
      
0
      
284
      
284
  
                                 
Real estate mortgage
    
0
      
0
      
0
      
0
  
Total residential loans
    
0
      
0
      
0
      
0
  
                                 
Total troubled debt restructurings
    
1
    
$
0
    
$
284
    
$
284
  
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 TDR are closely monitored for delinquency as an early indicator of possible future default.  If loans modified in a TDR 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 TDRs 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 TDRs 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 March 31, 2022.

(in thousands)
  
Three Months Ended
March 31, 2022
    
Year Ended
December 31, 2021
  
   
Number of Loans
    
Recorded Balance
    
Number of Loans
    
Recorded Balance
  
Commercial:
                        
Hotel/motel
    
0
    
$
0
      
1
    
$
1,113
  
Commercial other
    
0
      
0
      
0
      
0
  
Residential:
                                
Real estate mortgage
    
0
      
0
      
1
      
275
  
Total defaulted restructured loans
    
0
    
$
0
      
2
    
$
1,388