Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2023

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Shares to be Issued and Remaining Shares Available for Future Issuance

The following table provides detail of the number of shares to be issued upon exercise of outstanding stock-based awards and remaining shares available for future issuance under all of CTBI’s equity compensation plans as of December 31, 2023:

Plan Category (shares in thousands)	Number of Shares to Be Issued Upon Exercise		Weighted Average Price		Shares Available for Future Issuance
Equity compensation plans approved by shareholders:
Stock options		20	$	32.27		348	(a)
Restricted stock	(c)		(b)		(a)
Performance units	(d)		(b)		(a)
Stock appreciation rights (“SARs”)	(e)		(b)		(a)
Total						348

(a) Under the 2015 Plan, 550,000 shares are authorized for issuance; 206,949 have been issued as of December 31, 2023.  In January of 2016, 18,069 restricted stock shares were issued under the terms of the 2015 Plan pursuant to awards granted under the 2006 Plan.  Additional shares will not be issued pursuant to awards granted from prior plans.

(b) Not applicable.

(c) The maximum number of shares of restricted stock that may be granted is 550,000 shares, and the maximum that may be granted to a participant during any calendar year is 75,000 shares.

(d) No performance units payable in stock had been issued as of December 31, 2023.  The maximum payment that can be made pursuant to performance units granted to any one participant in any calendar year is $1,000,000.

(e) No SARS have been issued.  The maximum number of shares with respect to which SARs may be granted to a participant during any calendar year is 100,000 shares.

Unrecognized Compensation Cost, Grant-Date Fair Value of Shares Vested, Cash Received from Option Exercises and Actual Tax Benefit Realized for Tax Deductions from Option Exercises

The following table shows the unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the plans at December 31, 2023, 2022, and 2021 and the total grant-date fair value of shares vested, cash received from option exercises under all share-based payment arrangements, and the actual tax benefit realized for the tax deductions from option exercises of the share-based payment arrangements for the years ended December 31, 2023, 2022, and 2021.

(in thousands)	2023		2022		2021
Unrecognized compensation cost of nonvested share-based compensation arrangements granted under the plan at year-end	$	2,954	$	2,108	$	1,093
Total fair value of shares vested for the year		974		1,306		664
Cash received from option exercises under all share-based payment arrangements for the year		0		0		0
Tax benefit realized for the tax deductions from option exercises of the share-based payment arrangements for the year		0		0		0

2015 Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Shares to be Issued and Remaining Shares Available for Future Issuance

The following table details the shares available for future issuance under the 2015 Plan at December 31, 2023.

Plan Category	Shares Available for Future Issuance
Shares available at January 1, 2023		400,221
Stock option grants		0
Restricted stock grants		(52,865	)
Forfeitures		790
Shares available for future issuance at December 31, 2023		348,146

Schedule of Restricted Stock Activity

The following table shows restricted stock activity for the 2015 Plan for the years ended December 31, 2023, 2022, and 2021:

December 31	2023					2022					2021
	Grants			Weighted Average Fair Value at Grant		Grants			Weighted Average Fair Value at Grant		Grants			Weighted Average Fair Value at Grant
Outstanding at beginning of year		68,137		$	44.13		47,063		$	42.90		55,551		$	44.04
Granted		52,865			43.10		50,438			45.15		9,193			38.70
Vested		(23,372	)		43.32		(29,364	)		43.92		(17,681	)		44.31
Forfeited		(790	)		44.87		0			-		0			-
Outstanding at end of year		96,840		$	43.75		68,137		$	44.13		47,063		$	42.90

2006 Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock Option Activity

CTBI’s stock option activity for the 2006 Plan for the years ended December 31, 2023, 2022, and 2021 is summarized as follows:

December 31	2023				2022				2021
	Options		Weighted Average Exercise Price		Options		Weighted Average Exercise Price		Options		Weighted Average Exercise Price
Outstanding at beginning of year		20,000	$	32.27		20,000	$	32.27		20,000	$	32.27
Granted		0		0		0		0		0		0
Exercised		0		0		0		0		0		0
Forfeited/expired		0		0		0		0		0		0
Outstanding at end of year		20,000	$	32.27		20,000	$	32.27		20,000	$	32.27
Exercisable at end of year		20,000	$	32.27		20,000	$	32.27		20,000	$	32.27

Schedule of Intrinsic Values of Options Exercised, Exercisable, and Outstanding

The following table shows the intrinsic values of options exercised, exercisable, and outstanding for the 2006 Plan for the years ended December 31, 2023, 2022, and 2021:

(in thousands)	2023		2022		2021
Options exercised	$	0	$	0	$	0
Options exercisable		232		273		227
Outstanding options		232		273		227