Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense for the three months ended March 31, 2019 were as follows:

(in thousands)	2019
Short-term lease cost	$	71
Operating lease cost		461
Sublease income		(68	)
Total lease cost	$	464

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to CTBI’s operating leases for the three months ended March 31, 2019 was as follows:

(in thousands)	2019
Operating lease – operating cash flows (fixed payments)	$	458
Right-of-use assets obtained in exchange for new operating lease liabilities	$	0
Weighted average lease term – operating leases	15.35 years
Weighted average discount rate – operating leases		3.47	%

Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2019 are as follows:

(in thousands)	Operating Leases
2019	$	1,271
2020		1,715
2021		1,744
2022		1,729
2023		1,650
Thereafter		12,822
Total lease payments		20,931
Less imputed interest		(5,188	)
Total	$	15,743

Minimum Non-cancellable Rental Payments

At December 31, 2018, minimum non-cancellable rental payments were as follows:

(in thousands)	Operating Lease Payments
2019	$	1,999
2020		1,710
2021		1,737
2022		1,760
2023		1,696
Thereafter		13,031
Total	$	21,933