0000350852-23-000019.txt : 20230118 0000350852-23-000019.hdr.sgml : 20230118 20230118083237 ACCESSION NUMBER: 0000350852-23-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20221231 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230118 DATE AS OF CHANGE: 20230118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNITY TRUST BANCORP INC /KY/ CENTRAL INDEX KEY: 0000350852 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 610979818 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31220 FILM NUMBER: 23532998 BUSINESS ADDRESS: STREET 1: 346 NORTH MAYO TRAIL STREET 2: P.O. BOX 2947 CITY: PIKEVILLE STATE: KY ZIP: 41502-2947 BUSINESS PHONE: (606)433-4643 MAIL ADDRESS: STREET 1: 346 NORTH MAYO TRAIL STREET 2: P.O. BOX 2947 CITY: PIKEVILLE STATE: KY ZIP: 41502-2947 FORMER COMPANY: FORMER CONFORMED NAME: COMMUNITY TRUST BANCORP INC/ DATE OF NAME CHANGE: 19971124 8-K 1 ctbi1222er8k.htm DECEMBER 31, 2022 EARNINGS RELEASE 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
December 31, 2022

Commission file number 001-31220

Community Trust Bancorp, Inc.
(Exact name of registrant as specified in its charter)

Kentucky
61-0979818
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
   
P.O. Box 2947
346 North Mayo Trail
Pikeville, Kentucky
41502
(Address of principal executive offices)
(Zip code)
   
(606) 432-1414
(Registrant’s telephone number)
 
Securities registered pursuant to Section 12(b) of the Act:
 
Common Stock
(Title of class)
 

CTBI
The NASDAQ Global Select Market
(Trading symbol)
(Name of exchange on which registered)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐





Item 2.02 – Results of Operations and Financial Condition

On January 18, 2023, Community Trust Bancorp, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2022.  A copy of this press release is being furnished to the Securities and Exchange Commission pursuant to Item 2.02 – Results of Operations and Financial Condition and Item 7.01 – Regulation FD Disclosure of Form 8-K and is attached hereto as Exhibit 99.1.  The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed with this report:

99.1
Press Release dated January 18, 2023


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

   
COMMUNITY TRUST BANCORP, INC.
     
Date:
January 18, 2023
By:
     
   
/s/ Mark A. Gooch
   
Mark A. Gooch
   
Vice Chairman, President, and Chief Executive Officer


EX-99.1 3 ctbi1222er8kex99.htm CTBI DECEMBER 31, 2022 EARNINGS RELEASE 8-K EXHIBIT 99.1

Exhibit 99.1




FOR IMMEDIATE RELEASE
January 18, 2023

FOR ADDITIONAL INFORMATION, PLEASE CONTACT MARK A. GOOCH, VICE CHAIRMAN, PRESIDENT, AND CEO, COMMUNITY TRUST BANCORP, INC. AT (606) 437-3229

Pikeville, Kentucky:

COMMUNITY TRUST BANCORP, INC. REPORTS EARNINGS FOR THE 4TH QUARTER AND YEAR 2022

Earnings Summary
                              
(in thousands except per share data)
  
4Q
2022
    
3Q
2022
    
4Q
2021
    
Year
2022
    
Year
2021
  
Net income
  
$
22,443
    
$
19,372
    
$
19,248
    
$
81,814
    
$
87,939
  
Earnings per share
  
$
1.26
    
$
1.09
    
$
1.08
    
$
4.59
    
$
4.94
  
Earnings per share – diluted
  
$
1.26
    
$
1.08
    
$
1.08
    
$
4.58
    
$
4.94
  
                                         
Return on average assets
    
1.64
%
    
1.40
%
    
1.41
%
    
1.50
%
    
1.63
%
Return on average equity
    
14.42
%
    
12.08
%
    
10.94
%
    
12.73
%
    
12.88
%
Efficiency ratio
    
51.81
%
    
53.70
%
    
55.40
%
    
53.12
%
    
53.11
%
Tangible common equity
    
10.58
%
    
9.93
%
    
11.82
%
                
                                         
Dividends declared per share
  
$
0.44
    
$
0.44
    
$
0.40
    
$
1.68
    
$
1.57
  
Book value per share
  
$
35.05
    
$
33.66
    
$
39.13
                  
                                         
Weighted average shares
    
17,848
      
17,841
      
17,796
      
17,836
      
17,786
  
Weighted average shares – diluted
    
17,872
      
17,857
      
17,820
      
17,851
      
17,804
  

Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the fourth quarter 2022 of $22.4 million, or $1.26 per basic share, compared to $19.4 million, or $1.09 per basic share, earned during the third quarter 2022 and $19.2 million, or $1.08 per basic share, earned during the fourth quarter 2021.  Total revenue was $0.3 million above prior quarter and $2.7 million above prior year same quarter.  Net interest revenue increased $1.2 million compared to prior quarter and $3.9 million compared to prior year same quarter, and noninterest income decreased $0.9 million compared to prior quarter and $1.2 million compared to prior year same quarter.  Our provision for credit losses for the quarter was $1.5 million compared to $2.4 million for the quarter ended September 30, 2022 and $0.5 million for the fourth quarter 2021.  Noninterest expense decreased $1.2 million compared to prior quarter and $0.9 million compared to prior year same quarter.  Net income for the year ended December 31, 2022 was below prior year by $6.1 million, primarily due to the $6.4 million recovery of provision for credit losses taken in 2021 compared to provision expense of $4.9 million for the year 2022 and a $5.3 million decline in gains on sales of loans year over year.

4th Quarter 2022 Highlights

❖
Net interest income for the quarter of $44.7 million was $1.2 million above prior quarter and $3.9 million above prior year same quarter.

❖
Provision for credit losses for the quarter were $1.5 million compared to $2.4 million for the quarter ended September 30, 2022 and $0.5 million for the fourth quarter 2021.

❖
Our loan portfolio increased $78.7 million, an annualized 8.6%, from September 30, 2022 and $300.5 million, or 8.8%, from December 31, 2021.

❖
We had a net recovery of loan charge-offs for the fourth quarter 2022 of $9 thousand compared to net loan charge-offs of $325 thousand, or 0.04% of average loans annualized, for the quarter ended September 30, 2022 and an $8 thousand net recovery of loan charge-offs for the quarter ended December 31, 2021.

❖
Our total nonperforming loans, excluding troubled debt restructurings, increased to $15.3 million at December 31, 2022 from $13.7 million at September 30, 2022 but were below the $16.6 million at December 31, 2021.  Nonperforming assets at $19.0 million increased $3.4 million from September 30, 2022 but decreased $1.1 million from December 31, 2021.

❖
Deposits, including repurchase agreements, at $4.6 billion decreased $123.6 million, or an annualized 10.3%, from September 30, 2022 but increased $26.2 million, or 0.6%, from December 31, 2021.

❖
Shareholders’ equity at $628.0 million increased $25.5 million, or an annualized 16.8%, during the quarter but declined $70.2 million, or 10.0%, from December 31, 2021, as a result of an increase year over year in unrealized losses on our securities portfolio due to an increased interest rate environment.

❖
Noninterest income for the quarter ended December 31, 2022 of $13.8 million was $0.9 million, or 6.2%, below prior quarter and $1.2 million, or 8.1%, below prior year same quarter.

❖
Noninterest expense for the quarter ended December 31, 2022 of $30.3 million was $1.2 million, or 3.9%, lower than prior quarter and $0.9 million, or 2.9%, below prior year same quarter.



Net Interest Income

                     
Percent Change
                    
                     
4Q 2022 Compared to:
                    
($ in thousands)
  
4Q
2022
    
3Q
2022
    
4Q
2021
    
3Q
2022
    
4Q
2021
    
Year
2022
    
Year
2021
    
Percent Change
  
Components of net interest income:
                                                
Income on earning assets
  
$
57,458
    
$
51,405
    
$
44,357
      
11.8
%
    
29.5
%
  
$
197,742
    
$
178,169
      
11.0
%
Expense on interest bearing liabilities
    
12,714
      
7,869
      
3,541
      
61.6

   
259.1

   
28,640
      
15,090
      
89.8

Net interest income
    
44,744
      
43,536
      
40,816
      
2.8

   
9.6

   
169,102
      
163,079
      
3.7

TEQ
    
249
      
240
      
224
      
4.0

   
11.2

   
956
      
897
      
6.5

Net interest income, tax equivalent
  
$
44,993
    
$
43,776
    
$
41,040
      
2.8
%
    
9.6
%
  
$
170,058
    
$
163,976
      
3.7
%
                                                                 
Average yield and rates paid:
                                                                
Earning assets yield
    
4.51
%
    
3.97
%
    
3.45
%
    
13.6
%
    
30.8
%
    
3.87
%
    
3.50
%
    
10.7
%
Rate paid on interest bearing liabilities
    
1.52

   
0.93

   
0.42

   
63.4

   
260.7

   
0.85

   
0.45

   
91.3

Gross interest margin
    
2.99
%
    
3.04
%
    
3.03
%
    
(1.6
%)
    
(1.5
%)
    
3.02
%
    
3.05
%
    
(1.1
%)
Net interest margin
    
3.51
%
    
3.36
%
    
3.17
%
    
4.5
%
    
10.8
%
    
3.32
%
    
3.21
%
    
3.4
%
                                                                 
Average balances:
                                                                
Investment securities
  
$
1,284,470
    
$
1,380,881
    
$
1,496,322
      
(7.0
%)
    
(14.2
%)
  
$
1,399,877
    
$
1,324,689
      
5.7
%
Loans
  
$
3,662,221
    
$
3,568,174
    
$
3,381,206
      
2.6
%
    
8.3
%
  
$
3,552,941
    
$
3,455,742
      
2.8
%
 Earning assets
  
$
5,079,176
    
$
5,163,624
    
$
5,133,843
      
(1.6
%)
    
(1.1
%)
  
$
5,129,345
    
$
5,115,961
      
0.3
%
Interest-bearing liabilities
  
$
3,321,914
    
$
3,359,242
    
$
3,337,053
      
(1.1
%)
    
(0.5
%)
  
$
3,351,221
    
$
3,376,788
      
(0.8
%)

Net interest income for the quarter of $44.7 million was $1.2 million above prior quarter and $3.9 million above prior year same quarter.  Our net interest margin, on a fully tax equivalent basis, at 3.51% increased 15 basis points from prior quarter and 34 basis points from prior year same quarter.  Our average earning assets decreased $84.4 million from prior quarter and $54.7 million from prior year same quarter.  Our yield on average earning assets increased 54 basis points from prior quarter and 106 basis points from prior year same quarter, and our cost of funds increased 59 basis points from prior quarter and 110 basis points from prior year same quarter.  While the cost of funds increased more than our yield on earning assets improved, the net interest margin increased because of the benefit of our noninterest bearing deposits.  The benefit of these deposits increased 23 basis points during the quarter.  Noninterest bearing deposits decreased $86.2 million over prior quarter but increased $63.8 million over prior year.  Net interest income for the year ended December 31, 2022 increased $6.0 million or 3.7% from the year ended December 31, 2021.

Our ratio of average loans to deposits, including repurchase agreements, was 78.2% for the quarter ended December 31, 2022 compared to 75.4% for the quarter ended September 30, 2022 and 73.3% for the quarter ended December 31, 2021.

Noninterest Income

                     
Percent Change
                    
                     
4Q 2022 Compared to:
                    
($ in thousands)
  
4Q
2022
    
3Q
2022
    
4Q
2021
    
3Q
2022
    
4Q
2021
    
Year
2022
    
Year
2021
    
Percent Change
  
Deposit related fees
  
$
7,411
    
$
7,629
    
$
7,083
      
(2.9
%)
    
4.6
%
  
$
29,049
    
$
26,529
      
9.5
%
Trust revenue
    
2,959
      
2,989
      
3,305
      
(1.0
)
    
(10.5
)
    
12,394
      
12,644
      
(2.0
)
Gains on sales of loans
    
174
      
235
      
1,241
      
(26.1
)
    
(86.0
)
    
1,525
      
6,820
      
(77.6
)
Loan related fees
    
1,119
      
1,589
      
1,254
      
(29.6
)
    
(10.8
)
    
6,185
      
5,578
      
10.9

Bank owned life insurance revenue
    
572
      
743
      
1,036
      
(22.8
)
    
(44.8
)
    
2,708
      
2,844
      
(4.8
)
Brokerage revenue
    
344
      
453
      
432
      
(24.0
)
    
(20.4
)
    
1,846
      
1,962
      
(5.9
)
Other
    
1,192
      
1,041
      
626
      
14.4

   
90.2

   
4,209
      
4,086
      
3.0

Total noninterest income
  
$
13,771
    
$
14,679
    
$
14,977
      
(6.2
%)
    
(8.1
%)
  
$
57,916
    
$
60,463
      
(4.2
%)

Noninterest income for the quarter ended December 31, 2022 of $13.8 million was $0.9 million, or 6.2%, below prior quarter and $1.2 million, or 8.1%, below prior year same quarter.  The quarter over quarter decrease included a $0.2 million decrease in deposit related fees, a $0.5 million decrease in loan related fees, and a $0.2 million decrease in bank owned life insurance income.  Noninterest income for the year 2022 decreased $2.5 million from the year ended December 31, 2021 due to a $5.3 million decline in gains on sales of loans, partially offset by a $2.5 million increase in deposit related fees.  Gains on sales of loans continue to be impacted by the slowdown in the industry-wide mortgage refinancing boom.  Deposit related fees were primarily impacted by debit card income and overdraft charges.



Noninterest Expense

                     
Percent Change
                    
                     
4Q 2022 Compared to:
                    
($ in thousands)
  
4Q
2022
    
3Q
2022
    
4Q
2021
    
3Q
2022
    
4Q
2021
    
Year
2022
    
Year
2021
    
Percent Change
  
Salaries
  
$
12,439
    
$
12,537
    
$
11,982
      
(0.8
%)
    
3.8
%
  
$
48,934
    
$
47,061
      
4.0
%
Employee benefits
    
5,433
      
6,009
      
7,486
      
(9.6
)
    
(27.4
)
    
23,556
      
27,053
      
(12.9
)
Net occupancy and equipment
    
2,576
      
2,897
      
2,625
      
(11.1
)
    
(1.9
)
    
11,083
      
10,854
      
2.1

Data processing
    
2,344
      
2,270
      
2,099
      
3.3

   
11.6

   
8,910
      
8,039
      
10.8

Legal and professional fees
    
931
      
752
      
868
      
23.9

   
7.2

   
3,434
      
3,199
      
7.3

Advertising and marketing
    
826
      
768
      
676
      
7.3

   
22.1

   
3,005
      
2,928
      
2.6

Taxes other than property and payroll
    
296
      
422
      
542
      
(30.2
)
    
(45.5
)
    
1,570
      
1,750
      
(10.3
)
Net other real estate owned expense
    
18
      
42
      
299
      
(58.4
)
    
(94.3
)
    
456
      
1,401
      
(67.4
)
Other
    
5,396
      
5,778
      
4,572
      
(6.6
)
    
18.1

   
20,123
      
17,000
      
18.4

Total noninterest expense
  
$
30,259
    
$
31,475
    
$
31,149
      
(3.9
%)
    
(2.9
%)
  
$
121,071
    
$
119,285
      
1.5
%

Noninterest expense for the quarter ended December 31, 2022 of $30.3 million was $1.2 million, or 3.9%, lower than prior quarter and $0.9 million, or 2.9%, below prior year same quarter.  The decrease in noninterest expense was primarily the result of a decline in post retirement benefits, included in employee benefits.  Noninterest expense for the year ended December 31, 2022 was $1.8 million, or 1.5%, higher than the year 2021.  Noninterest expense for the year 2022 was impacted by a $1.4 million accrual for customer refunds of re-presented returned item fees during the third quarter and year over year increases of $0.9 million in data processing expense, $0.6 million in loan related expenses, and $0.4 million in contributions, partially offset by a $1.6 million year over year decrease in personnel expense.



Balance Sheet Review

Total Loans
                              
                     
Percent Change
  
                     
4Q 2022 Compared to:
  
($ in thousands)
  
4Q
2022
    
3Q
2022
    
4Q
2021
    
3Q
2022
    
4Q
2021
  
Commercial nonresidential real estate
  
$
762,349
    
$
756,138
    
$
757,893
      
0.8
%
    
0.6
%
Commercial residential real estate
    
372,914
      
359,643
      
335,233
      
3.7

   
11.2

Hotel/motel
    
343,640
      
335,253
      
257,062
      
2.5

   
33.7

SBA guaranteed PPP loans
    
883
      
1,958
      
47,335
      
(54.9
)
    
(98.1
)
Other commercial
    
389,072
      
383,398
      
359,930
      
1.5

   
8.1

Total commercial
    
1,868,858
      
1,836,390
      
1,757,453
      
1.8

   
6.3

                                         
Residential mortgage
    
824,995
      
814,944
      
767,185
      
1.2

   
7.5

Home equity loans/lines
    
120,541
      
115,400
      
106,667
      
4.5

   
13.0

Total residential
    
945,536
      
930,344
      
873,852
      
1.6

   
8.2

                                         
Consumer indirect
    
737,392
      
703,016
      
620,825
      
4.9

   
18.8

Consumer direct
    
157,504
      
160,866
      
156,683
      
(2.1
)
    
0.5

Total consumer
    
894,896
      
863,882
      
777,508
      
3.6

   
15.1

                                         
Total loans
  
$
3,709,290
    
$
3,630,616
    
$
3,408,813
      
2.2
%
    
8.8
%

Total Deposits and Repurchase Agreements
                              
                     
Percent Change
  
                     
4Q 2022 Compared to:
  
($ in thousands)
  
4Q
2022
    
3Q
2022
    
4Q
2021
    
3Q
2022
    
4Q
2021
  
Non-interest bearing deposits
   $
1,394,915
    
$
1,481,078
    
$
1,331,103
      
(5.8
%)
    
4.8
%
Interest bearing deposits
                                        
Interest checking
    
112,265
      
100,680
      
97,064
      
11.5

   
15.7

Money market savings
    
1,348,809
      
1,268,682
      
1,206,401
      
6.3

   
11.8

Savings accounts
    
654,380
      
683,697
      
632,645
      
(4.3
)
    
3.4

Time deposits
    
915,774
      
1,000,931
      
1,077,079
      
(8.5
)
    
(15.0
)
Repurchase agreements
    
215,431
      
230,123
      
271,088
      
(6.4
)
    
(20.5
)
Total interest bearing deposits and repurchase agreements
    
3,246,659
      
3,284,113
      
3,284,277
      
(1.1
)
    
(1.1
)
Total deposits and repurchase agreements
   $
4,641,574
    
$
4,765,191
    
$
4,615,380
      
(2.6
%)
    
0.6
%

CTBI’s total assets at $5.4 billion decreased $94.0 million, or 6.8% annualized, from September 30, 2022 and $37.9 million, or 0.7%, from December 31, 2021.  Loans outstanding at December 31, 2022 were $3.7 billion, an increase of $78.7 million, an annualized 8.6%, from September 30, 2022 and $300.5 million, or 8.8%, from December 31, 2021.  The increase in loans from prior quarter included a $32.5 million increase in the commercial loan portfolio, a $15.2 million increase in the residential loan portfolio, and a $34.4 million increase in the indirect consumer loan portfolio, offset partially by a $3.4 million decrease in the consumer direct loan portfolio.  CTBI’s investment portfolio decreased $42.2 million, or an annualized 12.9%, from September 30, 2022 and $199.3 million, or 13.7%, from December 31, 2021.  Deposits in other banks decreased $121.7 million from prior quarter and $187.8 million from year end 2021.  Deposits, including repurchase agreements, at $4.6 billion decreased $123.6 million, or an annualized 10.3%, from September 30, 2022 but increased $26.2 million, or 0.6%, from December 31, 2021.  Though deposits decreased during the quarter, $48.3 million was referred to our trust subsidiary, Community Trust and Investment Company (CTIC), allowing us to maintain the overall customer relationship for those depositors who moved funds for additional investment opportunities.  During the year 2022, $100.2 million in deposits was referred to CTIC.

Shareholders’ equity at $628.0 million increased $25.5 million, or an annualized 16.8%, during the quarter but declined $70.2 million, or 10.0%, from December 31, 2021, as a result of an increase year over year in unrealized losses on our securities portfolio due to an increased interest rate environment.  Net unrealized losses on securities were $129.2 million at December 31, 2022, compared to $139.4 million at September 30, 2022 and $4.8 million at December 31, 2021.  Management has the ability and intent to hold these securities to recovery or maturity.  CTBI’s annualized dividend yield to shareholders as of December 31, 2022 was 3.83%.

Asset Quality

Our total nonperforming loans, excluding troubled debt restructurings, increased to $15.3 million at December 31, 2022 from $13.7 million at September 30, 2022 but were below the $16.6 million at December 31, 2021.  Accruing loans 90+ days past due at $8.5 million increased $2.9 million from prior quarter and $2.5 million from December 31, 2021.  Nonaccrual loans at $6.8 million decreased $1.3 million from prior quarter and $3.9 million from December, 2021.  Accruing loans 30-89 days past due at $15.3 million increased $3.2 million from prior quarter and $4.4 million from December 31, 2021.  Our loan portfolio management processes focus on the immediate identification, management, and resolution of problem loans to maximize recovery and minimize loss.

Our level of foreclosed properties was $3.7 million at December 31, 2022 compared to $1.9 million at September 30, 2022 and $3.5 million at December 31, 2021.  Sales of foreclosed properties for the quarter ended December 31, 2022 totaled $0.1 million while new foreclosed properties totaled $2.0 million.  For the year 2022, we had sales of $2.0 million and new foreclosed properties of $2.4 million.  At December 31, 2022, the book value of properties under contracts to sell was $1.2 million; however, the closings had not occurred at quarter-end.

We had a net recovery of loan charge-offs for the fourth quarter 2022 of $9 thousand, resulting from a $1.1 million recovery of a previous year’s charge-off.  Net loan charge-offs were $325 thousand, or 0.04% of average loans annualized, for the quarter ended September 30, 2022.  We had an $8 thousand net recovery of loan charge-offs for the quarter ended December 31, 2021.  Net loan charge-offs for the year 2022 were $0.7 million, or 0.02% of average loans annualized, compared to a net recovery of loan charge-offs of $0.1 million for the year 2021.

Allowance for Credit Losses

Provision for credit losses for the fourth quarter 2022 was $1.5 million, compared to $2.4 million for the quarter ended September 30, 2022 and $0.5 million for the fourth quarter 2021.  Provision for the year 2022 was $4.9 million compared to a recovery of $6.4 million during the year 2021.  Our reserve coverage (allowance for credit losses to nonperforming loans) at December 31, 2022 was 300.4% compared to 324.5% at September 30, 2022 and 251.2% at December 31, 2021.  Our credit loss reserve as a percentage of total loans outstanding at December 31, 2022 was 1.24% compared to 1.22% at September 30, 2022 and December 31, 2021.

Forward-Looking Statements

Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Community Trust Bancorp, Inc.’s (“CTBI”) actual results may differ materially from those included in the forward-looking statements. Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may increase,” “may fluctuate,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” and “could.” These forward-looking statements involve risks and uncertainties including, but not limited to, economic conditions, portfolio growth, the credit performance of the portfolios, including bankruptcies, and seasonal factors; changes in general economic conditions including the performance of financial markets, prevailing inflation and interest rates, realized gains from sales of investments, gains from asset sales, and losses on commercial lending activities; the effects of the COVID-19 pandemic on our business operations and credit quality and on general economic and financial market conditions, as well as our ability to respond to the related challenges; results of various investment activities; the effects of competitors’ pricing policies, changes in laws and regulations, competition, and demographic changes on target market populations’ savings and financial planning needs; industry changes in information technology systems on which we are highly dependent; failure of acquisitions to produce revenue enhancements or cost savings at levels or within the time frames originally anticipated or unforeseen integration difficulties; and the resolution of legal  proceedings and related matters.  In addition, the banking industry in general is subject to various monetary, operational, and fiscal policies and regulations, which include, but are not limited to, those determined by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and state regulators, whose policies, regulations, and enforcement actions could affect CTBI’s results.  These statements are representative only on the date hereof, and CTBI undertakes no obligation to update any forward-looking statements made.

Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.

Additional information follows.



Community Trust Bancorp, Inc.
  
Financial Summary (Unaudited)
  
 December 31, 2022  
(in thousands except per share data and # of employees)
  
                               
   
Three
    
Three
    
Three
    
Twelve
    
Twelve
  
   
Months
    
Months
    
Months
    
Months
    
Months
  
   
Ended
    
Ended
    
Ended
    
Ended
    
Ended
  
   
December 31, 2022
    
September 30, 2022
    
December 31, 2021
    
December 31, 2022
    
December 31, 2021
  
Interest income
  
$
57,458
    
$
51,405
    
$
44,357
    
$
197,742
    
$
178,169
  
Interest expense
    
12,714
      
7,869
      
3,541
      
28,640
      
15,090
  
Net interest income
    
44,744
      
43,536
      
40,816
      
169,102
      
163,079
  
Loan loss provision
    
1,539
      
2,414
      
533
      
4,905
      
(6,386
)
                                         
Gains on sales of loans
    
174
      
235
      
1,241
      
1,525
      
6,820
  
Deposit related fees
    
7,411
      
7,629
      
7,083
      
29,049
      
26,529
  
Trust revenue
    
2,959
      
2,989
      
3,305
      
12,394
      
12,644
  
Loan related fees
    
1,119
      
1,589
      
1,254
      
6,185
      
5,578
  
Securities gains (losses)
    
117
      
(159
)
    
(208
)
    
(168
)
    
(158
)
Other noninterest income
    
1,991
      
2,396
      
2,302
      
8,931
      
9,050
  
Total noninterest income
    
13,771
      
14,679
      
14,977
      
57,916
      
60,463
  
                                         
Personnel expense
    
17,872
      
18,546
      
19,468
      
72,490
      
74,114
  
Occupancy and equipment
    
2,576
      
2,897
      
2,625
      
11,083
      
10,854
  
Data processing expense
    
2,344
      
2,270
      
2,099
      
8,910
      
8,039
  
FDIC insurance premiums
    
374
      
360
      
339
      
1,447
      
1,381
  
Other noninterest expense
    
7,093
      
7,402
      
6,618
      
27,141
      
24,897
  
Total noninterest expense
    
30,259
      
31,475
      
31,149
      
121,071
      
119,285
  
                                         
Net income before taxes
    
26,717
      
24,326
      
24,111
      
101,042
      
110,643
  
Income taxes
    
4,274
      
4,954
      
4,863
      
19,228
      
22,704
  
Net income
  
$
22,443
    
$
19,372
    
$
19,248
    
$
81,814
    
$
87,939
  
                                         
Memo: TEQ interest income
  
$
57,707
    
$
51,645
    
$
44,581
    
$
198,698
    
$
179,066
  
                                         
Average shares outstanding
    
17,848
      
17,841
      
17,796
      
17,836
      
17,786
  
Diluted average shares outstanding
    
17,872
      
17,857
      
17,820
      
17,851
      
17,804
  
Basic earnings per share
  
$
1.26
    
$
1.09
    
$
1.08
    
$
4.59
    
$
4.94
  
Diluted earnings per share
  
$
1.26
    
$
1.08
    
$
1.08
    
$
4.58
    
$
4.94
  
Dividends per share
  
$
0.44
    
$
0.44
    
$
0.40
    
$
1.68
    
$
1.570
  
                                         
Average balances:
                                        
Loans
  
$
3,662,221
    
$
3,568,174
    
$
3,381,206
    
$
3,552,941
    
$
3,455,742
  
Earning assets
    
5,079,176
      
5,163,624
      
5,133,843
      
5,129,345
      
5,115,961
  
Total assets
    
5,412,752
      
5,477,596
      
5,418,854
      
5,438,696
      
5,387,241
  
Deposits, including repurchase agreements
    
4,682,014
      
4,733,393
      
4,612,010
      
4,688,976
      
4,592,415
  
Interest bearing liabilities
    
3,321,914
      
3,359,242
      
3,337,053
      
3,351,221
      
3,376,788
  
Shareholders' equity
    
617,338
      
636,038
      
697,727
      
642,423
      
682,697
  
                                         
Performance ratios:
                                        
Return on average assets
    
1.64
%
    
1.40
%
    
1.41
%
    
1.50
%
    
1.63
%
Return on average equity
    
14.42
%
    
12.08
%
    
10.94
%
    
12.73
%
    
12.88
%
Yield on average earning assets (tax equivalent)
    
4.51
%
    
3.97
%
    
3.45
%
    
3.87
%
    
3.50
%
Cost of interest bearing funds (tax equivalent)
    
1.52
%
    
0.93
%
    
0.42
%
    
0.85
%
    
0.45
%
Net interest margin (tax equivalent)
    
3.51
%
    
3.36
%
    
3.17
%
    
3.32
%
    
3.21
%
Efficiency ratio (tax equivalent)
    
51.81
%
    
53.70
%
    
55.40
%
    
53.12
%
    
53.11
%
                                         
Loan charge-offs
  
$
1,995
    
$
1,203
    
$
865
    
$
5,346
    
$
4,325
  
Recoveries
    
(2,004
)
    
(878
)
    
(873
)
    
(4,666
)
    
(4,445
)
Net charge-offs
  
$
(9
)
  
$
325
    
$
(8
)
  
$
680
    
$
(120
)
                                         
Market Price:
                                        
High
  
$
48.05
    
$
45.37
    
$
46.21
    
$
48.05
    
$
47.53
  
Low
  
$
40.81
    
$
39.65
    
$
41.05
    
$
39.10
    
$
36.02
  
Close
  
$
45.93
    
$
40.55
    
$
43.61
    
$
45.93
    
$
43.61
  



Community Trust Bancorp, Inc.
Financial Summary (Unaudited)
 December 31, 2022
(in thousands except per share data and # of employees)
 
   
As of
    
As of
    
As of
  
   
December 31, 2022
    
September 30, 2022
    
December 31, 2021
  
Assets:
                  
Loans
  
$
3,709,290
    
$
3,630,616
    
$
3,408,813
  
Loan loss reserve
    
(45,981
)
    
(44,433
)
    
(41,756
)
Net loans
    
3,663,309
      
3,586,183
      
3,367,057
  
Loans held for sale
    
109
      
1,043
      
2,632
  
Securities AFS
    
1,256,226
      
1,298,592
      
1,455,429
  
Equity securities at fair value
    
2,166
      
1,969
      
2,253
  
Other equity investments
    
11,563
      
11,563
      
13,026
  
Other earning assets
    
79,475
      
201,196
      
267,286
  
Cash and due from banks
    
51,306
      
60,527
      
46,558
  
Premises and equipment
    
42,633
      
41,593
      
40,479
  
Right of use asset
    
17,071
      
12,131
      
12,148
  
Goodwill and core deposit intangible
    
65,490
      
65,490
      
65,490
  
Other assets
    
190,968
      
194,051
      
145,899
  
Total Assets
  
$
5,380,316
    
$
5,474,338
    
$
5,418,257
  
                         
Liabilities and Equity:
                        
Interest bearing checking
  
$
112,265
    
$
100,680
    
$
97,064
  
Savings deposits
    
2,003,189
      
1,952,379
      
1,839,046
  
CD's >=$100,000
    
471,934
      
537,233
      
589,853
  
Other time deposits
    
443,840
      
463,698
      
487,226
  
Total interest bearing deposits
    
3,031,228
      
3,053,990
      
3,013,189
  
Noninterest bearing deposits
    
1,394,915
      
1,481,078
      
1,331,103
  
Total deposits
    
4,426,143
      
4,535,068
      
4,344,292
  
Repurchase agreements
    
215,431
      
230,123
      
271,088
  
Other interest bearing liabilities
    
58,696
      
58,701
      
58,716
  
Lease liability
    
17,628
      
12,636
      
13,005
  
Other noninterest bearing liabilities
    
34,371
      
35,250
      
32,954
  
Total liabilities
    
4,752,269
      
4,871,778
      
4,720,055
  
Shareholders' equity
    
628,047
      
602,560
      
698,202
  
Total Liabilities and Equity
  
$
5,380,316
    
$
5,474,338
    
$
5,418,257
  
                         
Ending shares outstanding
    
17,918
      
17,901
      
17,843
  
                         
30 - 89 days past due loans
  
$
15,303
    
$
12,058
    
$
10,874
  
90 days past due loans
    
8,496
      
5,554
      
5,954
  
Nonaccrual loans
    
6,813
      
8,138
      
10,671
  
Restructured loans (excluding 90 days past due and nonaccrual)
    
81,331
      
79,092
      
69,827
  
Foreclosed properties
    
3,671
      
1,864
      
3,486
  
                         
Community bank leverage ratio
    
13.55
%
    
13.24
%
    
13.00
%
Tangible equity to tangible assets ratio
    
10.58
%
    
9.93
%
    
11.82
%
FTE employees
    
985
      
964
      
974
  
EX-101.SCH 4 ctbi-20221231.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 5 ctbi-20221231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Document Type Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Amendment Flag Document Fiscal Year Focus Document Fiscal Period Focus Document Period End Date Entity Registrant Name Entity Central Index Key Entity File Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Emerging Growth Company Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code City Area Code Local Phone Number Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name EX-101.PRE 6 ctbi-20221231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 7 image0.jpg begin 644 image0.jpg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end XML 8 R1.htm IDEA: XBRL DOCUMENT v3.22.4
Document and Entity Information
Dec. 31, 2022
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Dec. 31, 2022
Entity File Number 001-31220
Entity Registrant Name Community Trust Bancorp, Inc.
Entity Central Index Key 0000350852
Entity Incorporation, State or Country Code KY
Entity Tax Identification Number 61-0979818
Entity Address, Address Line One P.O. Box 2947
Entity Address, Address Line Two 346 North Mayo Trail
Entity Address, City or Town Pikeville
Entity Address, State or Province KY
Entity Address, Postal Zip Code 41502
City Area Code 606
Local Phone Number 432-1414
Title of 12(b) Security Common Stock
Trading Symbol CTBI
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
XML 9 ctbi1222er8k_htm.xml IDEA: XBRL DOCUMENT 0000350852 2022-12-31 2022-12-31 false 0000350852 8-K 2022-12-31 001-31220 Community Trust Bancorp, Inc. KY 61-0979818 P.O. Box 2947 346 North Mayo Trail Pikeville KY 41502 606 432-1414 Common Stock CTBI NASDAQ false false false false false EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 11 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.4 html 1 23 1 false 0 0 false 0 false false R1.htm 000100 - Document - Document and Entity Information Sheet http://ctbi.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports ctbi1222er8k.htm ctbi-20221231.xsd ctbi-20221231_lab.xml ctbi-20221231_pre.xml http://xbrl.sec.gov/dei/2022 true false JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "ctbi1222er8k.htm": { "axisCustom": 0, "axisStandard": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2022": 23 }, "contextCount": 1, "dts": { "inline": { "local": [ "ctbi1222er8k.htm" ] }, "labelLink": { "local": [ "ctbi-20221231_lab.xml" ] }, "presentationLink": { "local": [ "ctbi-20221231_pre.xml" ] }, "schema": { "local": [ "ctbi-20221231.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2004/ref-2004-08-10.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-roles-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-types-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-roles-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-types-2022.xsd", "https://xbrl.sec.gov/country/2022/country-2022.xsd", "https://xbrl.sec.gov/currency/2022/currency-2022.xsd", "https://xbrl.sec.gov/dei/2022/dei-2022.xsd", "https://xbrl.sec.gov/exch/2022/exch-2022.xsd", "https://xbrl.sec.gov/naics/2022/naics-2022.xsd", "https://xbrl.sec.gov/sic/2022/sic-2022.xsd", "https://xbrl.sec.gov/stpr/2022/stpr-2022.xsd" ] } }, "elementCount": 29, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2022": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 23, "memberCustom": 0, "memberStandard": 0, "nsprefix": "ctbi", "nsuri": "http://ctbi.com/20221231", "report": { "R1": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "ctbi1222er8k.htm", "contextRef": "c20221231to20221231", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "000100 - Document - Document and Entity Information", "menuCat": "Cover", "order": "1", "role": "http://ctbi.com/role/DocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "ctbi1222er8k.htm", "contextRef": "c20221231to20221231", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2022", "xbrltype": "stringItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "trueItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://ctbi.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425", "role": "http://www.xbrl.org/2003/role/presentationRef" } }, "version": "2.2" } ZIP 16 0000350852-23-000019-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000350852-23-000019-xbrl.zip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