Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense for the three and six months ended June 30, 2019 were as follows:

(in thousands)	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Finance lease cost:
Amortization of right-of-use assets – finance leases	$	9	$	17
Interest on lease liabilities – finance leases		13		27
Total finance lease cost		22		44
Short-term lease cost		68		139
Operating lease cost		442		888
Sublease income		63		131
Total lease cost	$	469	$	940

Supplemental Cash Flow Information Related to Operating and Finance Leases

Supplemental cash flow information related to CTBI’s operating and finance leases for the three and six months ended June 30, 2019 was as follows:

(in thousands)	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Finance lease – operating cash flows	$	13		$	27
Finance lease – financing cash flows		4			7
Operating lease – operating cash flows (fixed payments)		407			848
Weighted average lease term – financing leases	26.5 years			26.92 years
Weighted average lease term – operating leases	14.17 years			14.34 years
Weighted average discount rate – financing leases		3.70	%		3.70	%
Weighted average discount rate – operating leases		3.26	%		3.00	%

Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2019 are as follows:

(in thousands)	Operating Leases			Finance Leases
2019	$	813		$	34
2020		1,647			67
2021		1,668			75
2022		1,654			75
2023		1,575			75
Thereafter		10,895			2,060
Total lease payments		18,252			2,386
Less imputed interest		(4,171	)		(923	)
Total	$	14,081		$	1,463

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