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Loans (Tables)
 9 Months Ended
Sep. 30, 2015
Loans [Abstract]  
Summary of Major Classification of Loans Net of Unearned Income, Deferred Loan Origination Costs and Net Premiums on Acquired Loans
Major classifications of loans, net of unearned income, deferred loan origination costs, and net premiums on acquired loans, are summarized as follows:

 
(in thousands)
 
September 30
2015
  
December 31
2014
 
Commercial construction
 
$
106,855
  
$
121,942
 
Commercial secured by real estate
  
997,654
   
948,626
 
Equipment lease financing
  
9,146
   
10,344
 
Commercial other
  
346,318
   
352,048
 
Real estate construction
  
62,226
   
62,412
 
Real estate mortgage
  
706,187
   
712,465
 
Home equity
  
88,624
   
88,335
 
Consumer direct
  
125,847
   
122,136
 
Consumer indirect
  
377,603
   
315,516
 
Total loans
 
$
2,820,460
  
$
2,733,824
 
Nonaccrual Loans Segregated by Class of Loans
Nonaccrual loans segregated by class of loans were as follows:

 (in thousands)
 
September 30
2015
  
December 31
2014
 
Commercial:
    
Commercial construction
 
$
3,443
  
$
4,339
 
Commercial secured by real estate
  
4,134
   
6,725
 
Commercial other
  
1,412
   
2,423
 
         
Residential:
        
Real estate construction
  
311
   
602
 
Real estate mortgage
  
5,108
   
6,513
 
Home equity
  
200
   
369
 
         
Consumer:
        
Consumer direct
  
114
   
0
 
Total nonaccrual loans
 
$
14,722
  
$
20,971
 
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, 2015 and December 31, 2014:

  
September 30, 2015
 
(in thousands)
 
30-59 Days Past Due
  
60-89 Days Past Due
  
90+ Days Past Due
  
Total Past Due
  
Current
  
Total Loans
  
90+ and Accruing*
 
Commercial:
              
Commercial construction
 
$
251
  
$
7
  
$
5,133
  
$
5,391
  
$
101,464
  
$
106,855
  
$
1,690
 
Commercial secured by real estate
  
5,348
   
1,401
   
6,574
   
13,323
   
984,331
   
997,654
   
4,766
 
Equipment lease financing
  
0
   
0
   
0
   
0
   
9,146
   
9,146
   
0
 
Commercial other
  
870
   
417
   
4,152
   
5,439
   
340,879
   
346,318
   
2,904
 
Residential:
                            
Real estate construction
  
609
   
129
   
717
   
1,455
   
60,771
   
62,226
   
420
 
Real estate mortgage
  
1,517
   
4,637
   
10,906
   
17,060
   
689,127
   
706,187
   
7,111
 
Home equity
  
516
   
122
   
749
   
1,387
   
87,237
   
88,624
   
602
 
Consumer:
                            
Consumer direct
  
1,055
   
260
   
89
   
1,404
   
124,443
   
125,847
   
89
 
Consumer indirect
  
2,503
   
404
   
419
   
3,326
   
374,277
   
377,603
   
419
 
Total
 
$
12,669
  
$
7,377
  
$
28,739
  
$
48,785
  
$
2,771,675
  
$
2,820,460
  
$
18,001
 


  
December 31, 2014
 
(in thousands)
 
30-59 Days Past Due
  
60-89 Days Past Due
  
90+ Days Past Due
  
Total Past Due
  
Current
  
Total Loans
  
90+ and Accruing*
 
Commercial:
              
Commercial construction
 
$
40
  
$
31
  
$
6,171
  
$
6,242
  
$
115,700
  
$
121,942
  
$
1,863
 
Commercial secured by real estate
  
2,471
   
1,595
   
10,763
   
14,829
   
933,797
   
948,626
   
4,682
 
Equipment lease financing
  
0
   
0
   
0
   
0
   
10,344
   
10,344
   
0
 
Commercial other
  
826
   
55
   
4,205
   
5,086
   
346,962
   
352,048
   
2,367
 
Residential:
                            
Real estate construction
  
92
   
144
   
985
   
1,221
   
61,191
   
62,412
   
383
 
Real estate mortgage
  
1,005
   
5,171
   
13,049
   
19,225
   
693,240
   
712,465
   
7,742
 
Home equity
  
779
   
197
   
703
   
1,679
   
86,656
   
88,335
   
422
 
Consumer:
                            
Consumer direct
  
1,307
   
295
   
141
   
1,743
   
120,393
   
122,136
   
141
 
Consumer indirect
  
2,304
   
586
   
385
   
3,275
   
312,241
   
315,516
   
385
 
Total
 
$
8,824
  
$
8,074
  
$
36,402
  
$
53,300
  
$
2,680,524
  
$
2,733,824
  
$
17,985
 

*90+ and Accruing are also included in 90+ Days Past Due column.
Credit Risk Profile of the Bank's Commercial Loan Portfolio Based on Rating Category and Payment Activity, Segregated by Class of Loans
The following table presents the credit risk profile of CTBI's commercial loan portfolio based on rating category and payment activity, segregated by class of loans, as of September 30, 2015 and December 31, 2014:

 (in thousands)
 
Commercial Construction
  
Commercial Secured by Real Estate
  
Equipment Leases
  
Commercial Other
  
Total
 
September 30, 2015
          
Pass
 
$
85,878
  
$
885,941
  
$
9,146
  
$
296,254
  
$
1,277,219
 
Watch
  
6,615
   
69,393
   
0
   
41,547
   
117,555
 
OAEM
  
4,205
   
8,286
   
0
   
1,001
   
13,492
 
Substandard
  
8,999
   
33,162
   
0
   
6,451
   
48,612
 
Doubtful
  
1,158
   
872
   
0
   
1,065
   
3,095
 
Total
 
$
106,855
  
$
997,654
  
$
9,146
  
$
346,318
  
$
1,459,973
 
                     
December 31, 2014
                    
Pass
 
$
101,314
  
$
834,751
  
$
10,344
  
$
307,270
  
$
1,253,679
 
Watch
  
9,857
   
69,123
   
0
   
36,114
   
115,094
 
OAEM
  
934
   
10,973
   
0
   
881
   
12,788
 
Substandard
  
5,647
   
27,901
   
0
   
5,772
   
39,320
 
Doubtful
  
4,190
   
5,878
   
0
   
2,011
   
12,079
 
Total
 
$
121,942
  
$
948,626
  
$
10,344
  
$
352,048
  
$
1,432,960
 
Credit Risk Profile of Residential Real Estate and Consumer Loan Portfolio Based on Performing and Nonperforming Status Segregated by Class
The following table presents the credit risk profile of the CTBI's residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by class, as of September 30, 2015 and December 31, 2014:

(in thousands)
 
Real Estate Construction
  
Real Estate Mortgage
  
Home Equity
  
Consumer Direct
  
Consumer
Indirect
  
Total
 
September 30, 2015
            
Performing
 
$
61,495
  
$
693,968
  
$
87,822
  
$
125,644
  
$
377,184
  
$
1,346,113
 
Nonperforming (1)
  
731
   
12,219
   
802
   
203
   
419
   
14,374
 
Total
 
$
62,226
  
$
706,187
  
$
88,624
  
$
125,847
  
$
377,603
  
$
1,360,487
 
                         
December 31, 2014
                        
Performing
 
$
61,427
  
$
698,210
  
$
87,544
  
$
121,995
  
$
315,131
  
$
1,284,307
 
Nonperforming (1)
  
985
   
14,255
   
791
   
141
   
385
   
16,557
 
Total
 
$
62,412
  
$
712,465
  
$
88,335
  
$
122,136
  
$
315,516
  
$
1,300,864
 

(1)  A loan is considered nonperforming if it is 90 days or more past due and/or on nonaccrual.
Impaired Loans, Average Investment in Impaired Loans, and Interest Income Recognized on Impaired Loans
The following tables present impaired loans, the average investment in impaired loans, and interest income recognized on impaired loans for the periods ended September 30, 2015, December 31, 2014, and September 30, 2014:

  
September 30, 2015
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
      
Commercial construction
 
$
4,669
  
$
4,669
  
$
0
 
Commercial secured by real estate
  
30,318
   
31,551
   
0
 
Commercial other
  
7,163
   
8,804
   
0
 
Real estate mortgage
  
1,189
   
1,189
   
0
 
             
Loans with a specific valuation allowance:
            
Commercial construction
  
3,411
   
3,412
   
719
 
Commercial secured by real estate
  
835
   
1,075
   
317
 
Commercial other
  
754
   
935
   
312
 
             
Totals:
            
Commercial construction
  
8,080
   
8,081
   
719
 
Commercial secured by real estate
  
31,153
   
32,626
   
317
 
Commercial other
  
7,917
   
9,739
   
312
 
Real estate mortgage
  
1,189
   
1,189
   
0
 
Total
 
$
48,339
  
$
51,635
  
$
1,348
 

  
Three Months Ended
  
Nine Months Ended
 
  
September 30, 2015
  
September 30, 2015
 
(in thousands)
 
Average Investment in Impaired Loans
  
*Interest Income Recognized
  
Average Investment in Impaired Loans
  
*Interest Income Recognized
 
Loans without a specific valuation allowance:
        
Commercial construction
 
$
4,864
  
$
41
  
$
5,142
  
$
160
 
Commercial secured by real estate
  
30,713
   
316
   
30,357
   
985
 
Commercial other
  
7,312
   
73
   
9,182
   
201
 
Real estate mortgage
  
1,183
   
13
   
1,090
   
37
 
                 
Loans with a specific valuation allowance:
                
Commercial construction
  
3,445
   
0
   
3,712
   
0
 
Commercial secured by real estate
  
841
   
6
   
2,244
   
7
 
Commercial other
  
776
   
1
   
788
   
1
 
                 
Totals:
                
Commercial construction
  
8,309
   
41
   
8,854
   
160
 
Commercial secured by real estate
  
31,554
   
322
   
32,601
   
992
 
Commercial other
  
8,088
   
74
   
9,970
   
202
 
Real estate mortgage
  
1,183
   
13
   
1,090
   
37
 
Total
 
$
49,134
  
$
450
  
$
52,515
  
$
1,391
 

  
December 31, 2014
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
  
Average Investment in Impaired Loans
  
*Interest Income Recognized
 
Loans without a specific valuation allowance:
          
Commercial construction
 
$
5,653
  
$
5,654
  
$
0
  
$
5,415
  
$
205
 
Commercial secured by real estate
  
31,639
   
33,268
   
0
   
34,650
   
1,180
 
Commercial other
  
13,069
   
14,597
   
0
   
15,663
   
783
 
Real estate mortgage
  
1,277
   
1,277
   
0
   
1,507
   
53
 
                     
Loans with a specific valuation allowance:
                    
Commercial construction
  
3,974
   
3,974
   
734
   
4,216
   
0
 
Commercial secured by real estate
  
2,718
   
2,876
   
827
   
4,376
   
11
 
Commercial other
  
738
   
862
   
181
   
531
   
1
 
                     
Totals:
                    
Commercial construction
  
9,627
   
9,628
   
734
   
9,631
   
205
 
Commercial secured by real estate
  
34,357
   
36,144
   
827
   
39,026
   
1,191
 
Commercial other
  
13,807
   
15,459
   
181
   
16,194
   
784
 
Real estate mortgage
  
1,277
   
1,277
   
0
   
1,507
   
53
 
Total
 
$
59,068
  
$
62,508
  
$
1,742
  
$
66,358
  
$
2,233
 

  
September 30, 2014
 
(in thousands)
 
Recorded Balance
  
Unpaid Contractual Principal Balance
  
Specific Allowance
 
Loans without a specific valuation allowance:
      
Commercial construction
 
$
5,250
  
$
5,251
  
$
0
 
Commercial secured by real estate
  
33,010
   
34,086
   
0
 
Commercial other
  
15,972
   
18,247
   
0
 
Real estate mortgage
  
1,874
   
1,875
   
0
 
             
Loans with a specific valuation allowance:
            
Commercial construction
  
4,149
   
4,149
   
734
 
Commercial secured by real estate
  
6,070
   
6,219
   
1,273
 
Commercial other
  
586
   
710
   
211
 
             
Totals:
            
Commercial construction
  
9,399
   
9,400
   
734
 
Commercial secured by real estate
  
39,080
   
40,305
   
1,273
 
Commercial other
  
16,558
   
18,957
   
211
 
Real estate mortgage
  
1,874
   
1,875
   
0
 
Total
 
$
66,911
  
$
70,537
  
$
2,218
 

  
Three Months Ended
  
Nine Months Ended
 
  
September 30, 2014
  
September 30, 2014
 
(in thousands)
 
Average Investment in Impaired Loans
  
*Interest Income Recognized
  
Average Investment in Impaired Loans
  
*Interest Income Recognized
 
Loans without a specific valuation allowance:
        
Commercial construction
 
$
5,259
  
$
44
  
$
5,330
  
$
172
 
Commercial secured by real estate
  
33,290
   
261
   
34,464
   
858
 
Commercial other
  
17,577
   
248
   
16,421
   
619
 
Real estate mortgage
  
1,860
   
12
   
1,583
   
44
 
                 
Loans with a specific valuation allowance:
                
Commercial construction
  
4,213
   
0
   
4,270
   
0
 
Commercial secured by real estate
  
6,076
   
5
   
4,912
   
9
 
Commercial other
  
587
   
0
   
460
   
0
 
                 
Totals:
                
Commercial construction
  
9,472
   
44
   
9,600
   
172
 
Commercial secured by real estate
  
39,366
   
266
   
39,376
   
867
 
Commercial other
  
18,164
   
248
   
16,881
   
619
 
Real estate mortgage
  
1,860
   
12
   
1,583
   
44
 
Total
 
$
68,862
  
$
570
  
$
67,440
  
$
1,702
 

*Cash basis interest is substantially the same as interest income recognized.
Troubled Debt Restructuring
Presented below, segregated by class of loans, are troubled debt restructurings that occurred during the three and nine months ended September 30, 2015 and 2014 and the year ended December 31, 2014:

  
Three Months Ended
September 30, 2015
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
          
Commercial secured by real estate
  
5
  
$
346
  
$
0
  
$
165
  
$
511
 
Commercial other
  
1
   
1,139
   
0
   
0
   
1,139
 
Total troubled debt restructurings
  
6
  
$
1,485
  
$
0
  
$
165
  
$
1,650
 

  
Nine Months Ended
September 30, 2015
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
          
Commercial secured by real estate
  
13
  
$
953
  
$
0
  
$
165
  
$
1,118
 
Commercial other
  
4
   
1,193
   
0
   
0
   
1,193
 
Residential:
                    
Real estate mortgage
  
1
   
0
   
0
   
290
   
290
 
Total troubled debt restructurings
  
18
  
$
2,146
  
$
0
  
$
455
  
$
2,601
 

  
Three Months Ended
September 30, 2014
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
          
Commercial construction
  
1
  
$
7
  
$
0
  
$
  0  
$
7
 
Commercial secured by real estate
  
4
   
2,416
   
0
   
67
   
2,483
 
Commercial other
  
4
   
451
   
0
   
0
   
451
 
Total troubled debt restructurings
  
9
  
$
2,874
  
$
0
  
$
67
  
$
2,941
 

  
Nine Months Ended
September 30, 2014
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
          
Commercial construction
  
1
  
$
7
  
$
0
  
$
0
  
$
7
 
Commercial secured by real estate
  
7
   
2,647
   
0
   
67
   
2,714
 
Commercial other
  
7
   
512
   
0
   
0
   
512
 
Residential:
                    
Real estate mortgage
  
2
   
0
   
0
   
849
   
849
 
Total troubled debt restructurings
  
17
  
$
3,166
  
$
0
  
$
916
  
$
4,082
 

  
Year Ended
December 31, 2014
 
(in thousands)
 
Number of Loans
  
Term Modification
  
Rate Modification
  
Combination
  
Post-Modification Outstanding Balance
 
Commercial:
          
Commercial construction
  
1
  
$
7
  
$
0
  
$
0
  
$
7
 
Commercial secured by real estate
  
11
   
5,707
   
0
   
68
   
5,775
 
Commercial other
  
8
   
1,268
   
0
   
0
   
1,268
 
Residential:
                    
Real estate mortgage
  
2
   
0
   
0
   
848
   
848
 
Total troubled debt restructurings
  
22
  
$
6,982
  
$
0
  
$
916
  
$
7,898
 
Summary of Defaulted Restructured Loans
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.

 (in thousands)
 
Three Months Ended
September 30, 2015
  
Nine Months Ended
September 30, 2015
 
  
Number of Loans
  
Recorded Balance
  
Number of Loans
  
Recorded Balance
 
Commercial:
        
Commercial secured by real estate
  
2
  
$
31
   
4
  
$
390
 
Residential:
                
Real estate mortgage
  
0
   
0
   
1
   
290
 
Total defaulted restructured loans
  
2
  
$
31
   
5
  
$
680
 
 
 (in thousands)
 
Three Months Ended
September 30, 2014
  
Nine Months Ended
September 30, 2014
 
  
Number of Loans
  
Recorded Balance
  
Number of Loans
  
Recorded Balance
 
Commercial:
        
Commercial secured by real estate
  
1
  
$
2,892
   
1
  
$
2,892
 
Residential:
                
Real estate mortgage
  
1
   
594
   
2
   
1,175
 
Total defaulted restructured loans
  
2
  
$
3,486
   
3
  
$
4,067