| Loans |
Note 3 – Loans
Major classifications of loans, net of unearned income, deferred loan origination costs and fees, and net premiums on acquired loans, are summarized as follows:
|
(in thousands)
|
|
March 31
2026
|
|
|
December 31
2025
|
|
|
Hotel/motel
|
|
$
|
507,243 |
|
|
$
|
497,764 |
|
|
Commercial real estate residential
|
|
|
596,948 |
|
|
|
580,652 |
|
|
Commercial real estate nonresidential
|
|
|
994,914 |
|
|
|
959,915 |
|
|
Dealer floorplans
|
|
|
76,888 |
|
|
|
83,812 |
|
|
Commercial other
|
|
|
364,092 |
|
|
|
371,132 |
|
|
Commercial loans
|
|
|
2,540,085 |
|
|
|
2,493,275 |
|
| |
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
1,245,759 |
|
|
|
1,206,820 |
|
|
Home equity lines
|
|
|
191,178 |
|
|
|
186,798 |
|
|
Residential loans
|
|
|
1,436,937 |
|
|
|
1,393,618 |
|
| |
|
|
|
|
|
|
|
|
|
Consumer direct
|
|
|
139,819 |
|
|
|
145,591 |
|
|
Consumer indirect
|
|
|
873,980 |
|
|
|
862,458 |
|
|
Consumer loans
|
|
|
1,013,799 |
|
|
|
1,008,049 |
|
| |
|
|
|
|
|
|
|
|
|
Net loans
|
|
$
|
4,990,821 |
|
|
$
|
4,894,942 |
|
Unearned fees included above totaled $386 thousand and $359 thousand as of March 31, 2026 and December 31, 2025, respectively, while the unamortized premiums on the indirect lending portfolio totaled $35.4 million and $34.5 million as of March 31, 2026 and December 31, 2025, respectively.
Loans identified to be sold into the secondary market are classified as held for sale and are not included in the loans balances above. Loans held for sale are recorded at lower of cost or fair value and were $0.1 million and $0.2 million at March 31, 2026 and December 31, 2025, respectively.
Accrued interest receivable from loans, which is excluded from loan balances, was $20.8 million and $19.7 million at March 31, 2026 and December 31, 2025, respectively.
CTBI has segregated and evaluates our loan portfolio through nine portfolio segments with similar risk characteristics. CTBI serves customers in small and mid-sized communities in eastern, northeastern, central, and south central Kentucky, southern West Virginia, and northeastern Tennessee. Therefore, CTBI’s exposure to credit risk is significantly affected by changes in these communities. Allowance for Credit Losses
The following tables present the activity in the ACL for loans for the three months ended March 31, 2026 and 2025.
| |
|
Three Months Ended
March 31, 2026
|
|
|
(in thousands)
|
|
Beginning
Balance
|
|
|
Provision
Charged to
Expense
|
|
|
Losses
Charged
Off
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
|
% of
Total
ACL
|
|
|
ACL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel/motel
|
|
$
|
6,902 |
|
|
$
|
(125 |
)
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
6,777 |
|
|
|
11.1 |
%
|
|
Commercial real estate residential
|
|
|
6,397 |
|
|
|
71 |
|
|
|
(7 |
)
|
|
|
5 |
|
|
|
6,466 |
|
|
|
10.5 |
|
|
Commercial real estate nonresidential
|
|
|
11,630 |
|
|
|
548 |
|
|
|
(74 |
)
|
|
|
3 |
|
|
|
12,107 |
|
|
|
19.7 |
|
|
Dealer floorplans
|
|
|
798 |
|
|
|
39 |
|
|
|
0 |
|
|
|
0 |
|
|
|
837 |
|
|
|
1.4 |
|
|
Commercial other
|
|
|
3,620 |
|
|
|
729 |
|
|
|
(552 |
)
|
|
|
119 |
|
|
|
3,916 |
|
|
|
6.4 |
|
|
Real estate mortgage
|
|
|
14,047 |
|
|
|
820 |
|
|
|
(189 |
)
|
|
|
9 |
|
|
|
14,687 |
|
|
|
23.9 |
|
|
Home equity
|
|
|
1,276 |
|
|
|
38 |
|
|
|
(14 |
)
|
|
|
1 |
|
|
|
1,301 |
|
|
|
2.1 |
|
|
Consumer direct
|
|
|
1,971 |
|
|
|
(38 |
)
|
|
|
(225 |
)
|
|
|
106 |
|
|
|
1,814 |
|
|
|
3.0 |
|
|
Consumer indirect
|
|
|
13,528 |
|
|
|
388 |
|
|
|
(1,625 |
)
|
|
|
1,125 |
|
|
|
13,416 |
|
|
|
21.9 |
|
|
Total ACL
|
|
$
|
60,169 |
|
|
$
|
2,470 |
|
|
$
|
(2,686 |
)
|
|
$
|
1,368 |
|
|
$
|
61,321 |
|
|
|
100 |
%
|
| |
|
Three Months Ended
March 31, 2025
|
|
|
(in thousands)
|
|
Beginning
Balance
|
|
|
Provision
Charged to
Expense
|
|
|
Losses
Charged
Off
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
|
% of
Total
ACL
|
|
|
ACL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel/motel
|
|
$
|
5,208 |
|
|
$
|
386 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
5,594 |
|
|
|
9.8 |
%
|
|
Commercial real estate residential
|
|
|
5,467 |
|
|
|
605 |
|
|
|
(18 |
)
|
|
|
5 |
|
|
|
6,059 |
|
|
|
10.7 |
|
|
Commercial real estate nonresidential
|
|
|
10,307 |
|
|
|
1,072 |
|
|
|
(2 |
)
|
|
|
4 |
|
|
|
11,381 |
|
|
|
20.0 |
|
|
Dealer floorplans
|
|
|
682 |
|
|
|
(131 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
551 |
|
|
|
1.0 |
|
|
Commercial other
|
|
|
3,832 |
|
|
|
428 |
|
|
|
(404 |
)
|
|
|
80 |
|
|
|
3,936 |
|
|
|
6.9 |
|
|
Real estate mortgage
|
|
|
12,504 |
|
|
|
(116 |
)
|
|
|
(78 |
)
|
|
|
12 |
|
|
|
12,322 |
|
|
|
21.6 |
|
|
Home equity
|
|
|
1,499 |
|
|
|
(199 |
)
|
|
|
0 |
|
|
|
9 |
|
|
|
1,309 |
|
|
|
2.3 |
|
|
Consumer direct
|
|
|
2,221 |
|
|
|
93 |
|
|
|
(268 |
)
|
|
|
81 |
|
|
|
2,127 |
|
|
|
3.7 |
|
|
Consumer indirect
|
|
|
13,248 |
|
|
|
1,430 |
|
|
|
(1,952 |
)
|
|
|
956 |
|
|
|
13,682 |
|
|
|
24.0 |
|
|
Total ACL
|
|
$
|
54,968 |
|
|
$
|
3,568 |
|
|
$
|
(2,722 |
)
|
|
$
|
1,147 |
|
|
$
|
56,961 |
|
|
|
100 |
%
|
Financial instrument credit losses apply to off-balance sheet credit exposures such as unfunded loan commitments and standby letters of credit. A liability for expected credit losses for off-balance sheet exposures is recognized if the entity has a present contractual obligation to extend the credit and the obligation is not unconditionally cancellable by the entity. Changes in this allowance are reflected in provision expense. The total unfunded commitment off-balance sheet credit exposure at March 31, 2026 and 2025 is presented below.
| |
|
Three Months Ended
March 31, 2026
|
|
|
(in thousands)
|
|
Beginning
Balance
|
|
|
Provision
Charged to
Expense
|
|
|
Losses
Charged Off
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
|
ACL for unfunded commitments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$
|
950 |
|
|
$
|
(118 |
)
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
832 |
|
|
Real estate mortgage
|
|
|
298 |
|
|
|
(38 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
260 |
|
|
Consumer
|
|
|
21 |
|
|
|
(3 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
18 |
|
|
Total unfunded commitment off-balance sheet credit exposure
|
|
$
|
1,269 |
|
|
$
|
(159 |
)
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
1,110 |
|
| |
|
Three Months Ended
March 31, 2025
|
|
|
(in thousands)
|
|
Beginning
Balance
|
|
|
Provision
Charged to
Expense
|
|
|
Losses
Charged Off
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
|
ACL for unfunded commitments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$
|
1,071 |
|
|
$
|
124 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
1,195 |
|
|
Real estate mortgage
|
|
|
372 |
|
|
|
(45 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
327 |
|
|
Consumer
|
|
|
22 |
|
|
|
1 |
|
|
|
0 |
|
|
|
0 |
|
|
|
23 |
|
|
Total unfunded commitment off-balance sheet credit exposure
|
|
$
|
1,465 |
|
|
$
|
80 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
1,545 |
|
Nonperforming loans
Nonaccrual loans and loans 90 days past due and still accruing, segregated by loan segment, as of March 31, 2026 and December 31, 2025 were as follows:
| |
|
March 31, 2026
|
|
|
(in thousands)
|
|
Nonaccrual Loans
with No ACL
|
|
|
Nonaccrual Loans
with ACL
|
|
|
90+ and Still
Accruing
|
|
|
Total
Nonperforming
Loans
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate residential
|
|
$
|
0 |
|
|
$
|
901 |
|
|
$
|
2,282 |
|
|
$
|
3,183 |
|
|
Commercial real estate nonresidential
|
|
|
160 |
|
|
|
3,985 |
|
|
|
1,187 |
|
|
|
5,332 |
|
|
Commercial other
|
|
|
0 |
|
|
|
1,704 |
|
|
|
184 |
|
|
|
1,888 |
|
|
Total commercial loans
|
|
|
160 |
|
|
|
6,590 |
|
|
|
3,653 |
|
|
|
10,403 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
0 |
|
|
|
4,079 |
|
|
|
4,808 |
|
|
|
8,887 |
|
|
Home equity lines
|
|
|
0 |
|
|
|
303 |
|
|
|
711 |
|
|
|
1,014 |
|
|
Total residential loans
|
|
|
0 |
|
|
|
4,382 |
|
|
|
5,519 |
|
|
|
9,901 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct
|
|
|
0 |
|
|
|
0 |
|
|
|
56 |
|
|
|
56 |
|
|
Consumer indirect
|
|
|
0 |
|
|
|
0 |
|
|
|
371 |
|
|
|
371 |
|
|
Total consumer loans
|
|
|
0 |
|
|
|
0 |
|
|
|
427 |
|
|
|
427 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
160 |
|
|
$
|
10,972 |
|
|
$
|
9,599 |
|
|
$
|
20,731 |
|
| |
|
December 31, 2025
|
|
|
(in thousands)
|
|
Nonaccrual Loans
with No ACL
|
|
|
Nonaccrual Loans
with ACL
|
|
|
90+ and Still
Accruing
|
|
|
Total
Nonperforming
Loans
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate residential
|
|
$
|
0 |
|
|
$
|
867 |
|
|
$
|
2,085 |
|
|
$
|
2,952 |
|
|
Commercial real estate nonresidential
|
|
|
86 |
|
|
|
2,972 |
|
|
|
1,187 |
|
|
|
4,245 |
|
|
Commercial other
|
|
|
26 |
|
|
|
896 |
|
|
|
901 |
|
|
|
1,823 |
|
|
Total commercial loans
|
|
|
112 |
|
|
|
4,735 |
|
|
|
4,173 |
|
|
|
9,020 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
0 |
|
|
|
3,429 |
|
|
|
5,098 |
|
|
|
8,527 |
|
|
Home equity lines
|
|
|
0 |
|
|
|
263 |
|
|
|
624 |
|
|
|
887 |
|
|
Total residential loans
|
|
|
0 |
|
|
|
3,692 |
|
|
|
5,722 |
|
|
|
9,414 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct
|
|
|
0 |
|
|
|
0 |
|
|
|
51 |
|
|
|
51 |
|
|
Consumer indirect
|
|
|
0 |
|
|
|
0 |
|
|
|
677 |
|
|
|
677 |
|
|
Total consumer loans
|
|
|
0 |
|
|
|
0 |
|
|
|
728 |
|
|
|
728 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
112 |
|
|
$
|
8,427 |
|
|
$
|
10,623 |
|
|
$
|
19,162 |
|
Interest income recognized on nonaccrual loans for the quarter ended March 31, 2026 and for the year ended December 31, 2025 totaled $4.3 thousand and $66.2 thousand, respectively. The following tables present CTBI’s loan portfolio aging analysis, segregated by loan segment, as of March 31, 2026 and December 31, 2025 (including loans 90 days past due and still accruing):
| |
|
March 31, 2026
|
|
|
(in thousands)
|
|
30-59 Days
Past Due
|
|
|
60-89
Days Past
Due
|
|
|
90+ Days
Past Due
|
|
|
Total
Past Due
|
|
|
Current
|
|
|
Total Loans
|
|
|
Hotel/motel
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
507,243 |
|
|
$
|
507,243 |
|
|
Commercial real estate residential
|
|
|
625 |
|
|
|
40 |
|
|
|
2,458 |
|
|
|
3,123 |
|
|
|
593,825 |
|
|
|
596,948 |
|
|
Commercial real estate nonresidential
|
|
|
1,328 |
|
|
|
522 |
|
|
|
4,043 |
|
|
|
5,893 |
|
|
|
989,021 |
|
|
|
994,914 |
|
|
Dealer floorplans
|
|
|
0
|
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
76,888 |
|
|
|
76,888 |
|
|
Commercial other
|
|
|
881 |
|
|
|
8,674 |
|
|
|
1,215 |
|
|
|
10,770 |
|
|
|
353,322 |
|
|
|
364,092 |
|
|
Total commercial loans
|
|
|
2,834 |
|
|
|
9,236 |
|
|
|
7,716 |
|
|
|
19,786 |
|
|
|
2,520,299 |
|
|
|
2,540,085 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
1,293 |
|
|
|
4,242 |
|
|
|
8,084 |
|
|
|
13,619 |
|
|
|
1,232,140 |
|
|
|
1,245,759 |
|
|
Home equity lines
|
|
|
1,390 |
|
|
|
613 |
|
|
|
810 |
|
|
|
2,813 |
|
|
|
188,365 |
|
|
|
191,178 |
|
|
Total residential loans
|
|
|
2,683 |
|
|
|
4,855 |
|
|
|
8,894 |
|
|
|
16,432 |
|
|
|
1,420,505 |
|
|
|
1,436,937 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct
|
|
|
992 |
|
|
|
280 |
|
|
|
56 |
|
|
|
1,328 |
|
|
|
138,491 |
|
|
|
139,819 |
|
|
Consumer indirect
|
|
|
3,379 |
|
|
|
1,019 |
|
|
|
371 |
|
|
|
4,769 |
|
|
|
869,211 |
|
|
|
873,980 |
|
|
Total consumer loans
|
|
|
4,371 |
|
|
|
1,299 |
|
|
|
427 |
|
|
|
6,097 |
|
|
|
1,007,702 |
|
|
|
1,013,799 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
9,888 |
|
|
$
|
15,390 |
|
|
$
|
17,037 |
|
|
$
|
42,315 |
|
|
$
|
4,948,506 |
|
|
$
|
4,990,821 |
|
| |
|
December 31, 2025
|
|
|
(in thousands)
|
|
30-59 Days
Past Due
|
|
|
60-89
Days Past
Due
|
|
|
90+ Days
Past Due
|
|
|
Total
Past Due
|
|
|
Current
|
|
|
Total Loans
|
|
|
Hotel/motel
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
497,764 |
|
|
$
|
497,764 |
|
|
Commercial real estate residential
|
|
|
216 |
|
|
|
282 |
|
|
|
2,262 |
|
|
|
2,760 |
|
|
|
577,892 |
|
|
|
580,652 |
|
|
Commercial real estate nonresidential
|
|
|
2,010 |
|
|
|
2,814 |
|
|
|
4,005 |
|
|
|
8,829 |
|
|
|
951,086 |
|
|
|
959,915 |
|
|
Dealer floorplans
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
83,812 |
|
|
|
83,812 |
|
|
Commercial other
|
|
|
830 |
|
|
|
87 |
|
|
|
1,548 |
|
|
|
2,465 |
|
|
|
368,667 |
|
|
|
371,132 |
|
|
Total commercial loans
|
|
|
3,056 |
|
|
|
3,183 |
|
|
|
7,815 |
|
|
|
14,054 |
|
|
|
2,479,221 |
|
|
|
2,493,275 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
2,543 |
|
|
|
4,063 |
|
|
|
7,594 |
|
|
|
14,200 |
|
|
|
1,192,620 |
|
|
|
1,206,820 |
|
|
Home equity lines
|
|
|
1,435 |
|
|
|
451 |
|
|
|
644 |
|
|
|
2,530 |
|
|
|
184,268 |
|
|
|
186,798 |
|
|
Total residential loans
|
|
|
3,978 |
|
|
|
4,514 |
|
|
|
8,238 |
|
|
|
16,730 |
|
|
|
1,376,888 |
|
|
|
1,393,618 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct
|
|
|
1,203 |
|
|
|
377 |
|
|
|
51 |
|
|
|
1,631 |
|
|
|
143,960 |
|
|
|
145,591 |
|
|
Consumer indirect
|
|
|
3,767 |
|
|
|
962 |
|
|
|
677 |
|
|
|
5,406 |
|
|
|
857,052 |
|
|
|
862,458 |
|
|
Total consumer loans
|
|
|
4,970 |
|
|
|
1,339 |
|
|
|
728 |
|
|
|
7,037 |
|
|
|
1,001,012 |
|
|
|
1,008,049 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
12,004 |
|
|
$
|
9,036 |
|
|
$
|
16,781 |
|
|
$
|
37,821 |
|
|
$
|
4,857,121 |
|
|
$
|
4,894,942 |
|
Credit Quality Indicators and Profile
CTBI categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. CTBI also considers the fair value of the underlying collateral and the strength and willingness of the guarantor(s). CTBI analyzes commercial loans individually by classifying the loans as to credit risk. Loans classified as loss, doubtful, substandard, or special mention are reviewed quarterly by CTBI for further deterioration or improvement to determine if appropriately classified and valued if deemed impaired. All other commercial loan reviews are completed every 12 to 18 months. In addition, during the renewal process of any loan, as well as if a loan becomes past due or if other information becomes available, CTBI will evaluate the loan grade. CTBI uses the following definitions for risk ratings:
|
➢ |
Pass grades include investment grade, low risk, moderate risk, and acceptable risk loans. The loans range from loans that have no chance of resulting in a loss to loans that have a limited chance
of resulting in a loss. Customers in this grade have excellent to fair credit ratings. The cash flows are adequate to meet required debt repayments.
|
|
➢ |
Watch graded loans are loans that warrant extra management attention but are not currently criticized. Loans on the watch list may be potential troubled credits or may warrant “watch” status for
a reason not directly related to the asset quality of the credit. The watch grade is a management tool to identify credits which may be candidates for future classification or may temporarily warrant extra management monitoring.
|
|
➢ |
Other assets especially mentioned (OAEM) reflects loans that are currently protected but are potentially weak. These loans constitute an undue and unwarranted credit risk but not to the point of
justifying a classification of substandard. The credit risk may be relatively minor yet constitute an unwarranted risk in light of circumstances surrounding a specific asset. Loans in this grade display potential weaknesses which may, if
unchecked or uncorrected, inadequately protect CTBI’s credit position at some future date. The loans may be adversely affected by economic or market conditions.
|
|
➢ |
Substandard grading indicates that the loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. These loans have a well-defined
weakness or weaknesses that jeopardize the orderly liquidation of the debt with the distinct possibility that CTBI will sustain some loss if the deficiencies are not corrected.
|
|
➢ |
Doubtful graded loans have the weaknesses inherent in the substandard grading with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently
existing facts, conditions, and values, highly questionable and improbable. The probability of loss is extremely high, but because of certain important and reasonably specific pending factors which may work to CTBI’s advantage or
strengthen the asset(s), its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting
liens on additional collateral, and refinancing plans.
|
The following tables present the credit risk profile of CTBI’s commercial loan portfolio based on rating category and payment activity, segregated by loan segment and based on last credit decision or year of origination:
| Term Loans Amortized Cost Basis by Origination Year As of March 31, 2026 |
|
(in thousands)
|
|
2026
|
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
Prior
|
|
|
Revolving
Loans
|
|
|
Total
|
|
|
Hotel/motel
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$
|
18,749 |
|
|
$
|
83,364 |
|
|
$
|
58,515 |
|
|
$
|
79,283 |
|
|
$
|
110,250 |
|
|
$
|
107,846 |
|
|
$
|
5,972 |
|
|
$
|
463,979 |
|
|
Watch
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,001 |
|
|
|
18,575 |
|
|
|
11,760 |
|
|
|
0 |
|
|
|
32,336 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6,368 |
|
|
|
0 |
|
|
|
6,368 |
|
|
Substandard
|
|
|
0 |
|
|
|
0 |
|
|
|
738 |
|
|
|
0 |
|
|
|
3,822 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,560 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Total hotel/motel
|
|
|
18,749 |
|
|
|
83,364 |
|
|
|
59,253 |
|
|
|
81,284 |
|
|
|
132,647 |
|
|
|
125,974 |
|
|
|
5,972 |
|
|
|
507,243 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel/motel year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate residential
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
28,177 |
|
|
|
165,263 |
|
|
|
100,546 |
|
|
|
92,479 |
|
|
|
62,955 |
|
|
|
89,753 |
|
|
|
27,720 |
|
|
|
566,893 |
|
|
Watch
|
|
|
4,403 |
|
|
|
3,249 |
|
|
|
917 |
|
|
|
3,998 |
|
|
|
357 |
|
|
|
8,715 |
|
|
|
185 |
|
|
|
21,824 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
189 |
|
|
|
0 |
|
|
|
50 |
|
|
|
0 |
|
|
|
239 |
|
|
Substandard
|
|
|
725 |
|
|
|
985 |
|
|
|
482 |
|
|
|
487 |
|
|
|
597 |
|
|
|
4,666 |
|
|
|
50 |
|
|
|
7,992 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Total commercial real estate residential
|
|
|
33,305 |
|
|
|
169,497 |
|
|
|
101,945 |
|
|
|
97,153 |
|
|
|
63,909 |
|
|
|
103,184 |
|
|
|
27,955 |
|
|
|
596,948 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate residential year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(7 |
)
|
|
|
0 |
|
|
|
(7 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate nonresidential
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
89,434 |
|
|
|
182,002 |
|
|
|
129,136 |
|
|
|
93,669 |
|
|
|
103,439 |
|
|
|
258,352 |
|
|
|
53,816 |
|
|
|
909,848 |
|
|
Watch
|
|
|
802 |
|
|
|
3,288 |
|
|
|
6,907 |
|
|
|
11,902 |
|
|
|
6,198 |
|
|
|
25,519 |
|
|
|
807 |
|
|
|
55,423 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
99 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
99 |
|
|
Substandard
|
|
|
2,503 |
|
|
|
1,338 |
|
|
|
1,200 |
|
|
|
2,155 |
|
|
|
2,425 |
|
|
|
19,922 |
|
|
|
0 |
|
|
|
29,543 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1 |
|
|
|
0 |
|
|
|
1 |
|
|
Total commercial real estate nonresidential
|
|
|
92,739 |
|
|
|
186,628 |
|
|
|
137,342 |
|
|
|
107,726 |
|
|
|
112,062 |
|
|
|
303,794 |
|
|
|
54,623 |
|
|
|
994,914 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate nonresidential year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(74 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(74 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dealer floorplans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
65,434 |
|
|
|
65,434 |
|
|
Watch
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
11,454 |
|
|
|
11,454 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Substandard
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Total dealer floorplans
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
76,888 |
|
|
|
76,888 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dealer floorplans year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial other
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
34,819 |
|
|
|
82,172 |
|
|
|
22,944 |
|
|
|
31,143 |
|
|
|
27,783 |
|
|
|
39,204 |
|
|
|
82,194 |
|
|
|
320,259 |
|
|
Watch
|
|
|
86 |
|
|
|
1,417 |
|
|
|
1,015 |
|
|
|
696 |
|
|
|
366 |
|
|
|
590 |
|
|
|
5,075 |
|
|
|
9,245 |
|
|
OAEM
|
|
|
27 |
|
|
|
0 |
|
|
|
110 |
|
|
|
0 |
|
|
|
0 |
|
|
|
7,763 |
|
|
|
0 |
|
|
|
7,900 |
|
|
Substandard
|
|
|
992 |
|
|
|
10,521 |
|
|
|
1,092 |
|
|
|
3,084 |
|
|
|
478 |
|
|
|
378 |
|
|
|
10,036 |
|
|
|
26,581 |
|
|
Doubtful
|
|
|
0 |
|
|
|
107 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
107 |
|
|
Total commercial other
|
|
|
35,924 |
|
|
|
94,217 |
|
|
|
25,161 |
|
|
|
34,923 |
|
|
|
28,627 |
|
|
|
47,935 |
|
|
|
97,305 |
|
|
|
364,092 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial other year-to-date gross charge-offs
|
|
|
(204 |
)
|
|
|
(194 |
)
|
|
|
(119 |
)
|
|
|
0 |
|
|
|
(22 |
)
|
|
|
(13 |
)
|
|
|
0 |
|
|
|
(552 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
171,179 |
|
|
|
512,801 |
|
|
|
311,141 |
|
|
|
296,574 |
|
|
|
304,427 |
|
|
|
495,155 |
|
|
|
235,136 |
|
|
|
2,326,413 |
|
|
Watch
|
|
|
5,291 |
|
|
|
7,954 |
|
|
|
8,839 |
|
|
|
18,597 |
|
|
|
25,496 |
|
|
|
46,584 |
|
|
|
17,521 |
|
|
|
130,282 |
|
|
OAEM
|
|
|
27 |
|
|
|
0 |
|
|
|
209 |
|
|
|
189 |
|
|
|
0 |
|
|
|
14,181 |
|
|
|
0 |
|
|
|
14,606 |
|
|
Substandard
|
|
|
4,220 |
|
|
|
12,844 |
|
|
|
3,512 |
|
|
|
5,726 |
|
|
|
7,322 |
|
|
|
24,966 |
|
|
|
10,086 |
|
|
|
68,676 |
|
|
Doubtful
|
|
|
0 |
|
|
|
107 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1 |
|
|
|
0 |
|
|
|
108 |
|
|
Total commercial loans
|
|
$
|
180,717 |
|
|
$
|
533,706 |
|
|
$
|
323,701 |
|
|
$
|
321,086 |
|
|
$
|
337,245 |
|
|
$
|
580,887 |
|
|
$
|
262,743 |
|
|
$
|
2,540,085 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total commercial loans year-to-date gross charge-offs
|
|
$
|
(204 |
)
|
|
$
|
(194 |
)
|
|
$
|
(119 |
)
|
|
$
|
(74 |
)
|
|
$
|
(22 |
)
|
|
$
|
(20 |
)
|
|
$
|
0 |
|
|
$
|
(633 |
)
|
Term Loans Amortized Cost Basis by Origination Year As of December 31, 2025 |
|
(in thousands)
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
Prior
|
|
|
Revolving
Loans
|
|
|
Total
|
|
|
Hotel/motel
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$
|
83,005 |
|
|
$
|
58,850 |
|
|
$
|
79,857 |
|
|
$
|
116,984 |
|
|
$
|
24,564 |
|
|
$
|
86,215 |
|
|
$
|
5,604 |
|
|
$
|
455,079 |
|
|
Watch
|
|
|
0 |
|
|
|
0 |
|
|
|
2,010 |
|
|
|
18,679 |
|
|
|
0 |
|
|
|
11,022 |
|
|
|
0 |
|
|
|
31,711 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6,403 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6,403 |
|
|
Substandard
|
|
|
0 |
|
|
|
748 |
|
|
|
0 |
|
|
|
3,823 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,571 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Total hotel/motel
|
|
|
83,005 |
|
|
|
59,598 |
|
|
|
81,867 |
|
|
|
139,486 |
|
|
|
30,967 |
|
|
|
97,237 |
|
|
|
5,604 |
|
|
|
497,764 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel/motel year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate residential
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
174,717 |
|
|
|
100,517 |
|
|
|
91,321 |
|
|
|
63,970 |
|
|
|
50,454 |
|
|
|
44,689 |
|
|
|
22,447 |
|
|
|
548,115 |
|
|
Watch
|
|
|
9,182 |
|
|
|
937 |
|
|
|
4,018 |
|
|
|
489 |
|
|
|
3,543 |
|
|
|
5,512 |
|
|
|
174 |
|
|
|
23,855 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
192 |
|
|
|
0 |
|
|
|
0 |
|
|
|
52 |
|
|
|
0 |
|
|
|
244 |
|
|
Substandard
|
|
|
2,074 |
|
|
|
511 |
|
|
|
490 |
|
|
|
598 |
|
|
|
1,835 |
|
|
|
2,881 |
|
|
|
49 |
|
|
|
8,438 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Total commercial real estate residential
|
|
|
185,973 |
|
|
|
101,965 |
|
|
|
96,021 |
|
|
|
65,057 |
|
|
|
55,832 |
|
|
|
53,134 |
|
|
|
22,670 |
|
|
|
580,652 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate residential year-to-date gross charge-offs
|
|
|
(160 |
)
|
|
|
(18 |
)
|
|
|
(125 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
(16 |
)
|
|
|
0 |
|
|
|
(319 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate nonresidential
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
180,461 |
|
|
|
163,870 |
|
|
|
98,249 |
|
|
|
106,344 |
|
|
|
99,628 |
|
|
|
169,989 |
|
|
|
55,839 |
|
|
|
874,380 |
|
|
Watch
|
|
|
3,840 |
|
|
|
6,849 |
|
|
|
12,112 |
|
|
|
6,839 |
|
|
|
17,310 |
|
|
|
10,136 |
|
|
|
1,011 |
|
|
|
58,097 |
|
|
OAEM
|
|
|
0 |
|
|
|
99 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
99 |
|
|
Substandard
|
|
|
3,889 |
|
|
|
431 |
|
|
|
2,127 |
|
|
|
2,390 |
|
|
|
2,379 |
|
|
|
16,122 |
|
|
|
0 |
|
|
|
27,338 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1 |
|
|
|
0 |
|
|
|
1 |
|
|
Total commercial real estate nonresidential
|
|
|
188,190 |
|
|
|
171,249 |
|
|
|
112,488 |
|
|
|
115,573 |
|
|
|
119,317 |
|
|
|
196,248 |
|
|
|
56,850 |
|
|
|
959,915 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate nonresidential year-to-date gross charge-offs
|
|
|
0 |
|
|
|
(1,375 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(2 |
)
|
|
|
0 |
|
|
|
(1,377 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dealer floorplans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
73,240 |
|
|
|
73,240 |
|
|
Watch
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
10,293 |
|
|
|
10,293 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Substandard
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
279 |
|
|
|
279 |
|
|
Doubtful
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Total dealer floorplans
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
83,812 |
|
|
|
83,812 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dealer floorplans year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial other
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
97,104 |
|
|
|
37,248 |
|
|
|
35,594 |
|
|
|
29,023 |
|
|
|
21,350 |
|
|
|
19,299 |
|
|
|
86,954 |
|
|
|
326,572 |
|
|
Watch
|
|
|
1,713 |
|
|
|
1,017 |
|
|
|
813 |
|
|
|
515 |
|
|
|
149 |
|
|
|
419 |
|
|
|
14,035 |
|
|
|
18,661 |
|
|
OAEM
|
|
|
0 |
|
|
|
0 |
|
|
|
82 |
|
|
|
0 |
|
|
|
7,892 |
|
|
|
18 |
|
|
|
0 |
|
|
|
7,992 |
|
|
Substandard
|
|
|
11,973 |
|
|
|
1,219 |
|
|
|
3,071 |
|
|
|
466 |
|
|
|
94 |
|
|
|
320 |
|
|
|
657 |
|
|
|
17,800 |
|
|
Doubtful
|
|
|
107 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
107 |
|
|
Total commercial other
|
|
|
110,897 |
|
|
|
39,484 |
|
|
|
39,560 |
|
|
|
30,004 |
|
|
|
29,485 |
|
|
|
20,056 |
|
|
|
101,646 |
|
|
|
371,132 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial other year-to-date gross charge-offs
|
|
|
(892 |
)
|
|
|
(106 |
)
|
|
|
(260 |
)
|
|
|
(6 |
)
|
|
|
(268 |
)
|
|
|
(145 |
)
|
|
|
0 |
|
|
|
(1,677 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
|
535,287 |
|
|
|
360,485 |
|
|
|
305,021 |
|
|
|
316,321 |
|
|
|
195,996 |
|
|
|
320,192 |
|
|
|
244,084 |
|
|
|
2,277,386 |
|
|
Watch
|
|
|
14,735 |
|
|
|
8,803 |
|
|
|
18,953 |
|
|
|
26,522 |
|
|
|
21,002 |
|
|
|
27,089 |
|
|
|
25,513 |
|
|
|
142,617 |
|
|
OAEM
|
|
|
0 |
|
|
|
99 |
|
|
|
274 |
|
|
|
0 |
|
|
|
14,295 |
|
|
|
70 |
|
|
|
0 |
|
|
|
14,738 |
|
|
Substandard
|
|
|
17,936 |
|
|
|
2,909 |
|
|
|
5,688 |
|
|
|
7,277 |
|
|
|
4,308 |
|
|
|
19,323 |
|
|
|
985 |
|
|
|
58,426 |
|
|
Doubtful
|
|
|
107 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1 |
|
|
|
0 |
|
|
|
108 |
|
|
Total commercial loans
|
|
$
|
568,065 |
|
|
$
|
372,296 |
|
|
$
|
329,936 |
|
|
$
|
350,120 |
|
|
$
|
235,601 |
|
|
$
|
366,675 |
|
|
$
|
270,582 |
|
|
$
|
2,493,275 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total commercial loans year-to-date gross charge-offs
|
|
$
|
(1,052 |
)
|
|
$
|
(1,499 |
)
|
|
$
|
(385 |
)
|
|
$
|
(6 |
)
|
|
$
|
(268 |
)
|
|
$
|
(163 |
)
|
|
$
|
0 |
|
|
$
|
(3,373 |
)
|
The following tables present the credit risk profile of CTBI’s residential real estate and consumer loan portfolios based on performing or nonperforming status, segregated by loan segment:
| Term Loans Amortized Cost Basis by Origination Year As of March 31, 2026 |
|
(in thousands)
|
|
2026
|
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
Prior
|
|
|
Revolving
Loans
|
|
|
Total
|
|
|
Home equity lines
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
5,962 |
|
|
$
|
184,202 |
|
|
$
|
190,164 |
|
|
Nonperforming
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
269 |
|
|
|
745 |
|
|
|
1,014 |
|
|
Total home equity lines
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6,231 |
|
|
|
184,947 |
|
|
|
191,178 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
(11 |
)
|
|
|
0 |
|
|
|
0 |
|
|
|
(3 |
)
|
|
|
0 |
|
|
|
(14 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
71,821 |
|
|
|
292,148 |
|
|
|
168,501 |
|
|
|
161,566 |
|
|
|
120,684 |
|
|
|
422,152 |
|
|
|
0 |
|
|
|
1,236,872 |
|
|
Nonperforming
|
|
|
41 |
|
|
|
1,440 |
|
|
|
990 |
|
|
|
1,429 |
|
|
|
1,603 |
|
|
|
3,384 |
|
|
|
0 |
|
|
|
8,887 |
|
|
Total mortgage loans
|
|
|
71,862 |
|
|
|
293,588 |
|
|
|
169,491 |
|
|
|
162,995 |
|
|
|
122,287 |
|
|
|
425,536 |
|
|
|
0 |
|
|
|
1,245,759 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(108 |
)
|
|
|
(74 |
)
|
|
|
(7 |
)
|
|
|
0 |
|
|
|
(189 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
71,821 |
|
|
|
292,148 |
|
|
|
168,501 |
|
|
|
161,566 |
|
|
|
120,684 |
|
|
|
428,114 |
|
|
|
184,202 |
|
|
|
1,427,036 |
|
|
Nonperforming
|
|
|
41 |
|
|
|
1,440 |
|
|
|
990 |
|
|
|
1,429 |
|
|
|
1,603 |
|
|
|
3,653 |
|
|
|
745 |
|
|
|
9,901 |
|
|
Total residential loans
|
|
$
|
71,862 |
|
|
$
|
293,588 |
|
|
$
|
169,491 |
|
|
$
|
162,995 |
|
|
$
|
122,287 |
|
|
$
|
431,767 |
|
|
$
|
184,947 |
|
|
$
|
1,436,937 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total residential loans year-to-date gross charge-offs
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
(11 |
)
|
|
$
|
(108 |
)
|
|
$
|
(74 |
)
|
|
$
|
(10 |
)
|
|
$
|
0 |
|
|
$
|
(203 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
13,881 |
|
|
$
|
45,063 |
|
|
$
|
25,136 |
|
|
$
|
19,021 |
|
|
$
|
11,255 |
|
|
$
|
25,407 |
|
|
$
|
0 |
|
|
$
|
139,763 |
|
|
Nonperforming
|
|
|
0 |
|
|
|
43 |
|
|
|
8 |
|
|
|
5 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
56 |
|
|
Total consumer direct loans
|
|
|
13,881 |
|
|
|
45,106 |
|
|
|
25,144 |
|
|
|
19,026 |
|
|
|
11,255 |
|
|
|
25,407 |
|
|
|
0 |
|
|
|
139,819 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct loans year-to-date gross charge-offs
|
|
|
0 |
|
|
|
(75 |
)
|
|
|
(67 |
)
|
|
|
(54 |
)
|
|
|
(14 |
)
|
|
|
(15 |
)
|
|
|
0 |
|
|
|
(225 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer indirect loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
112,121 |
|
|
|
321,663 |
|
|
|
196,327 |
|
|
|
133,420 |
|
|
|
76,001 |
|
|
|
34,077 |
|
|
|
0 |
|
|
|
873,609 |
|
|
Nonperforming
|
|
|
0 |
|
|
|
83 |
|
|
|
54 |
|
|
|
129 |
|
|
|
88 |
|
|
|
17 |
|
|
|
0 |
|
|
|
371 |
|
|
Total consumer indirect loans
|
|
|
112,121 |
|
|
|
321,746 |
|
|
|
196,381 |
|
|
|
133,549 |
|
|
|
76,089 |
|
|
|
34,094 |
|
|
|
0 |
|
|
|
873,980 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer indirect loans year-to-date gross charge-offs
|
|
|
0 |
|
|
|
(222 |
)
|
|
|
(307 |
)
|
|
|
(482 |
)
|
|
|
(440 |
)
|
|
|
(174 |
)
|
|
|
0 |
|
|
|
(1,625 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
126,002 |
|
|
|
366,726 |
|
|
|
221,463 |
|
|
|
152,441 |
|
|
|
87,256 |
|
|
|
59,484 |
|
|
|
0 |
|
|
|
1,013,372 |
|
|
Nonperforming
|
|
|
0 |
|
|
|
126 |
|
|
|
62 |
|
|
|
134 |
|
|
|
88 |
|
|
|
17 |
|
|
|
0 |
|
|
|
427 |
|
|
Total consumer loans
|
|
$
|
126,002 |
|
|
$
|
366,852 |
|
|
$
|
221,525 |
|
|
$
|
152,575 |
|
|
$
|
87,344 |
|
|
$
|
59,501 |
|
|
$
|
0 |
|
|
$
|
1,013,799 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total consumer loans year-to-date gross charge-offs
|
|
$
|
0 |
|
|
$
|
(297 |
)
|
|
$
|
(374 |
)
|
|
$
|
(536 |
)
|
|
$
|
(454 |
)
|
|
$
|
(189 |
)
|
|
$
|
0 |
|
|
$
|
(1,850 |
)
|
| Term Loans Amortized Cost Basis by Origination Year As of December 31, 2025 |
|
(in thousands)
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
Prior
|
|
|
Revolving
Loans
|
|
|
Total
|
|
|
Home equity lines
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
5,744 |
|
|
$
|
180,167 |
|
|
$
|
185,911 |
|
|
Nonperforming
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
221 |
|
|
|
666 |
|
|
|
887 |
|
|
Total home equity lines
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
5,965 |
|
|
|
180,833 |
|
|
|
186,798 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(9 |
)
|
|
|
0 |
|
|
|
(9 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
299,236 |
|
|
|
173,336 |
|
|
|
168,206 |
|
|
|
123,839 |
|
|
|
132,923 |
|
|
|
300,753 |
|
|
|
0 |
|
|
|
1,198,293 |
|
|
Nonperforming
|
|
|
708 |
|
|
|
1,387 |
|
|
|
1,213 |
|
|
|
1,905 |
|
|
|
547 |
|
|
|
2,767 |
|
|
|
0 |
|
|
|
8,527 |
|
|
Total mortgage loans
|
|
|
299,944 |
|
|
|
174,723 |
|
|
|
169,419 |
|
|
|
125,744 |
|
|
|
133,470 |
|
|
|
303,520 |
|
|
|
0 |
|
|
|
1,206,820 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans year-to-date gross charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(37 |
)
|
|
|
(16 |
)
|
|
|
(189 |
)
|
|
|
0 |
|
|
|
(242 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
299,236 |
|
|
|
173,336 |
|
|
|
168,206 |
|
|
|
123,839 |
|
|
|
132,923 |
|
|
|
306,497 |
|
|
|
180,167 |
|
|
|
1,384,204 |
|
|
Nonperforming
|
|
|
708 |
|
|
|
1,387 |
|
|
|
1,213 |
|
|
|
1,905 |
|
|
|
547 |
|
|
|
2,988 |
|
|
|
666 |
|
|
|
9,414 |
|
|
Total residential loans
|
|
$
|
299,944 |
|
|
$
|
174,723 |
|
|
$
|
169,419 |
|
|
$
|
125,744 |
|
|
$
|
133,470 |
|
|
$
|
309,485 |
|
|
$
|
180,833 |
|
|
$
|
1,393,618 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total residential loans year-to-date gross charge-offs
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
0 |
|
|
$
|
(37 |
)
|
|
$
|
(16 |
)
|
|
$
|
(198 |
)
|
|
$
|
0 |
|
|
$
|
(251 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
54,669 |
|
|
$
|
28,377 |
|
|
$
|
21,704 |
|
|
$
|
12,833 |
|
|
$
|
11,667 |
|
|
$
|
16,290 |
|
|
$
|
0 |
|
|
$
|
145,540 |
|
|
Nonperforming
|
|
|
22 |
|
|
|
0 |
|
|
|
29 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
51 |
|
|
Total consumer direct loans
|
|
|
54,691 |
|
|
|
28,377 |
|
|
|
21,733 |
|
|
|
12,833 |
|
|
|
11,667 |
|
|
|
16,290 |
|
|
|
0 |
|
|
|
145,591 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct loans year-to-date gross charge-offs
|
|
|
(69 |
)
|
|
|
(291 |
)
|
|
|
(292 |
)
|
|
|
(202 |
)
|
|
|
(55 |
)
|
|
|
(60 |
)
|
|
|
0 |
|
|
|
(969 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer indirect loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
356,525 |
|
|
|
219,121 |
|
|
|
151,128 |
|
|
|
90,077 |
|
|
|
30,999 |
|
|
|
13,931 |
|
|
|
0 |
|
|
|
861,781 |
|
|
Nonperforming
|
|
|
83 |
|
|
|
104 |
|
|
|
233 |
|
|
|
122 |
|
|
|
107 |
|
|
|
28 |
|
|
|
0 |
|
|
|
677 |
|
|
Total consumer indirect loans
|
|
|
356,608 |
|
|
|
219,225 |
|
|
|
151,361 |
|
|
|
90,199 |
|
|
|
31,106 |
|
|
|
13,959 |
|
|
|
0 |
|
|
|
862,458 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer indirect loans year-to-date gross charge-offs
|
|
|
(245 |
)
|
|
|
(1,563 |
)
|
|
|
(3,283 |
)
|
|
|
(1,849 |
)
|
|
|
(503 |
)
|
|
|
(260 |
)
|
|
|
0 |
|
|
|
(7,703 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
|
411,194 |
|
|
|
247,498 |
|
|
|
172,832 |
|
|
|
102,910 |
|
|
|
42,666 |
|
|
|
30,221 |
|
|
|
0 |
|
|
|
1,007,321 |
|
|
Nonperforming
|
|
|
105 |
|
|
|
104 |
|
|
|
262 |
|
|
|
122 |
|
|
|
107 |
|
|
|
28 |
|
|
|
0 |
|
|
|
728 |
|
|
Total consumer loans
|
|
$
|
411,299 |
|
|
$
|
247,602 |
|
|
$
|
173,094 |
|
|
$
|
103,032 |
|
|
$
|
42,773 |
|
|
$
|
30,249 |
|
|
$
|
0 |
|
|
$
|
1,008,049 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total consumer loans year-to-date gross charge-offs
|
|
$
|
(314 |
)
|
|
$
|
(1,854 |
)
|
|
$
|
(3,575 |
)
|
|
$
|
(2,051 |
)
|
|
$
|
(558 |
)
|
|
$
|
(320 |
)
|
|
$
|
0 |
|
|
$
|
(8,672 |
)
|
The total of consumer mortgage loans secured by real estate properties for which formal foreclosure proceedings are in process was $2.8 million and $3.1 million at March 31, 2026 and December 31, 2025, respectively. Individually Evaluated Loans
If a loan does not share risk characteristics with other pooled loans in determining the ACL, the loan is evaluated for expected credit losses on an individual basis. Of the loans that CTBI has individually evaluated, the loans listed below by segment are those that are collateral dependent:
| |
|
March 31, 2026
|
|
|
(in thousands)
|
|
Number of
Loans
|
|
|
Recorded
Investment
|
|
|
Specific
Reserve
|
|
|
Hotel/motel
|
|
|
2 |
|
|
$
|
9,826 |
|
|
$
|
0 |
|
|
Commercial real estate residential
|
|
|
1 |
|
|
|
1,521 |
|
|
|
0 |
|
|
Commercial real estate nonresidential
|
|
|
7 |
|
|
|
18,422 |
|
|
|
725 |
|
|
Commercial other
|
|
|
6 |
|
|
|
27,854 |
|
|
|
0 |
|
|
Total collateral dependent loans
|
|
|
16 |
|
|
$
|
57,623 |
|
|
$
|
725 |
|
| |
|
December 31, 2025
|
|
|
(in thousands)
|
|
Number of
Loans
|
|
|
Recorded
Investment
|
|
|
Specific
Reserve
|
|
|
Hotel/motel
|
|
|
2 |
|
|
$
|
9,861 |
|
|
$
|
0 |
|
|
Commercial real estate residential
|
|
|
1 |
|
|
|
1,521 |
|
|
|
0 |
|
|
Commercial real estate nonresidential
|
|
|
6 |
|
|
|
17,094 |
|
|
|
725 |
|
|
Commercial other
|
|
|
4 |
|
|
|
19,191 |
|
|
|
0 |
|
|
Total collateral dependent loans
|
|
|
13 |
|
|
$
|
47,667 |
|
|
$
|
725 |
|
Based on the quarterly evaluation of losses for these credits, the combined amount of expected loss at March 31, 2026 is $0.7 million. This expected loss is tied to three unrelated loans that demonstrate a shortfall in collateral which is insufficient to repay the principal balance of the loans in the event of a liquidation of the collateral and after estimated selling costs. All other evaluated credits show sufficient collateral to repay the entire loan balances after estimated selling costs. The hotel/motel, commercial real estate residential, and commercial real estate nonresidential segments are all collateralized with real estate. The six loans listed in the commercial other segment at March 31, 2026 are collateralized by inventory, equipment, and accounts receivable. One evaluated credit is an ACH commitment that is unsecured, but it has no balance outstanding. Loan Modifications
Certain loans have been modified where the customer is facing financial difficulty and economic concessions were granted to borrowers, consisting of reductions in the interest rates, payment extensions, forgiveness of principal, and forbearances. These loans, segregated by loan segment and concession granted, are presented below for the quarter ended March 31, 2026:
| |
|
Amortized Cost at March 31, 2026
|
|
|
(in thousands)
|
|
Interest Rate
Reduction
|
|
|
% of total
|
|
|
Term Extension
|
|
|
% of total
|
|
|
Commercial real estate residential
|
|
$
|
0 |
|
|
|
0.00 |
%
|
|
$
|
29 |
|
|
|
0.00 |
%
|
|
Commercial real estate nonresidential
|
|
|
7,254 |
|
|
|
0.73 |
|
|
|
0 |
|
|
|
0.00 |
|
|
Commercial other
|
|
|
0 |
|
|
|
0.00 |
|
|
|
215 |
|
|
|
0.06 |
|
|
Commercial loans
|
|
|
7,254 |
|
|
|
0.29 |
|
|
|
244 |
|
|
|
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
1,121 |
|
|
|
0.09 |
|
|
|
2,137 |
|
|
|
0.17 |
|
|
Residential loans
|
|
|
1,121 |
|
|
|
0.08 |
|
|
|
2,137 |
|
|
|
0.15 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer indirect
|
|
|
0 |
|
|
|
0.00 |
|
|
|
83 |
|
|
|
0.01 |
|
|
Consumer loans
|
|
|
0 |
|
|
|
|
|
|
|
83 |
|
|
|
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
8,375 |
|
|
|
0.17 |
%
|
|
$
|
2,464 |
|
|
|
0.05 |
%
|
| |
|
Amortized Cost at March 31, 2026
|
|
|
(in thousands)
|
|
Combination –
Term Extension
and Interest Rate
Reduction
|
|
|
% of total
|
|
|
Payment Change
|
|
|
% of total
|
|
|
Commercial real estate residential
|
|
$
|
0 |
|
|
|
0.00 |
%
|
|
$
|
208 |
|
|
|
0.03 |
%
|
|
Commercial real estate nonresidential
|
|
|
0 |
|
|
|
0.00 |
|
|
|
2,373 |
|
|
|
0.24 |
|
|
Commercial other
|
|
|
27 |
|
|
|
0.01 |
|
|
|
124 |
|
|
|
0.03 |
|
|
Commercial loans
|
|
|
27 |
|
|
|
0.00 |
|
|
|
2,705 |
|
|
|
0.11 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
98 |
|
|
|
0.01 |
|
|
|
0 |
|
|
|
0.00 |
|
|
Home equity lines
|
|
|
15 |
|
|
|
0.01 |
|
|
|
0 |
|
|
|
0.00 |
|
|
Residential loans
|
|
|
113 |
|
|
|
0.01 |
|
|
|
0 |
|
|
|
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
140 |
|
|
|
0.00 |
%
|
|
$
|
2,705 |
|
|
|
0.05 |
%
|
| |
|
Amortized Cost at March 31,
2026
|
|
|
(in thousands)
|
|
Combination –
Term Extension
and Payment
Change
|
|
|
% of total
|
|
|
Commercial real estate nonresidential
|
|
$
|
60 |
|
|
|
0.01 |
%
|
|
Commercial loans
|
|
|
60 |
|
|
|
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
21 |
|
|
|
0.00 |
|
|
Residential loans
|
|
|
21 |
|
|
|
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
Consumer indirect
|
|
|
33 |
|
|
|
0.00 |
|
|
Consumer loans
|
|
|
33 |
|
|
|
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
114 |
|
|
|
0.00 |
%
|
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the quarter ended March 31, 2026:
|
Loan Type
|
Interest Rate Reduction
Financial Impact
|
Term Extension
Financial Impact
|
|
Commercial real estate residential
|
|
Added a weighted-average 1.0 years to life of the loans |
| |
|
|
|
Commercial real estate nonresidential
|
Increased weighted-average contractual interest rate from 2.0% to 2.5% |
|
| |
|
|
|
Commercial other
|
|
Added a weighted-average 0.9 years to life of the loans |
| |
|
|
|
Real estate mortgage
|
Reduced weighted-average contractual interest rate from 5.4% to 3.1% |
Added a weighted-average 0.4 years to life of the loans |
| |
|
|
|
Consumer indirect
|
|
Added a weighted-average 0.7 years to life of the loans |
|
Loan Type
|
Combination – Term Extension and
Interest Rate Reduction
Financial Impact
|
|
Payment Changes
Financial Impact
|
|
Commercial real estate residential
|
|
|
Provided payment changes that will be added to the end of the original loan term.
|
| |
|
|
|
|
Commercial real estate nonresidential
|
|
|
Provided payment changes that will be added to the end of the original loan term.
|
| |
|
|
|
|
Commercial other
|
Reduced weighted-average contractual interest rate from 11.3% to 9.5% and increased the weighted-average life by 2.4 years |
|
Provided payment changes that will be added to the end of the original loan term.
|
| |
|
|
|
|
Real estate mortgage
|
Reduced weighted-average contractual interest rate from 3.1% to 3.0% and increased the weighted-average life by 4.2 years |
|
|
| |
|
|
|
|
Home equity lines
|
Weighted-average contractual interest rate remained at 6.8% and increased the weighted-average life by 7.1 years |
|
|
|
Loan Type
|
Combination – Term Extension and Payment Change
Financial Impact
|
|
Commercial real estate nonresidential
|
Added a weighted-average 0.3 years to life of the loans and provided payment changes with any deferred payments added to the end of the loan term. |
| |
|
|
Real estate mortgage
|
Added a weighted-average 5.0 years to life of the loans and provided payment changes with any deferred payments added to the end of the loan term. |
| |
|
|
Consumer indirect
|
Added a weighted-average 2.1 years to life of the loans and provided payment changes with any deferred payments added to the end of the loan term. |
These loans, segregated by loan segment and concession granted, are presented below for the three months ended March 31, 2025:
| |
|
Amortized Cost at March 31, 2025
|
|
|
(in thousands)
|
|
Interest Rate
Reduction
|
|
|
% of total
|
|
|
Term Extension
|
|
|
% of total
|
|
|
Commercial real estate nonresidential
|
|
$
|
129 |
|
|
|
0.01 |
%
|
|
$
|
2,558 |
|
|
|
0.28 |
%
|
|
Commercial other
|
|
|
0 |
|
|
|
0.00 |
|
|
|
985 |
|
|
|
0.27 |
|
|
Commercial loans
|
|
|
129 |
|
|
|
0.01 |
|
|
|
3,543 |
|
|
|
0.15 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
321 |
|
|
|
0.03 |
|
|
|
2,908 |
|
|
|
0.27 |
|
|
Home equity lines
|
|
|
0 |
|
|
|
0.00 |
|
|
|
216 |
|
|
|
0.13 |
|
|
Residential loans
|
|
|
321 |
|
|
|
0.03 |
|
|
|
3,124 |
|
|
|
0.25 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer direct
|
|
|
0 |
|
|
|
0.00 |
|
|
|
48 |
|
|
|
0.03 |
|
|
Consumer indirect
|
|
|
0 |
|
|
|
0.00 |
|
|
|
203 |
|
|
|
0.02 |
|
|
Consumer loans
|
|
|
0 |
|
|
|
0.00 |
|
|
|
251 |
|
|
|
0.02 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
450 |
|
|
|
0.01 |
%
|
|
$
|
6,918 |
|
|
|
0.15 |
%
|
| |
|
Amortized Cost at March 31, 2025
|
|
|
(in thousands)
|
|
Combination –
Term Extension
and Interest Rate
Reduction
|
|
|
% of total
|
|
|
Payment Change
|
|
|
% of total
|
|
|
Commercial real estate residential
|
|
$
|
460 |
|
|
|
0.09 |
%
|
|
$
|
250 |
|
|
|
0.05 |
%
|
|
Commercial real estate nonresidential
|
|
|
0 |
|
|
|
0.00 |
|
|
|
261 |
|
|
|
0.03 |
|
|
Commercial other
|
|
|
401 |
|
|
|
0.11 |
|
|
|
496 |
|
|
|
0.14 |
|
|
Commercial loans
|
|
|
861 |
|
|
|
0.04 |
|
|
|
1,007 |
|
|
|
0.04 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
54 |
|
|
|
0.01 |
|
|
|
0 |
|
|
|
0.00 |
|
|
Residential loans
|
|
|
54 |
|
|
|
0.00 |
|
|
|
0 |
|
|
|
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer indirect
|
|
|
0 |
|
|
|
0.00 |
|
|
|
106 |
|
|
|
0.01 |
|
|
Consumer loans
|
|
|
0 |
|
|
|
0.00 |
|
|
|
106 |
|
|
|
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and lease financing
|
|
$
|
915 |
|
|
|
0.02 |
%
|
|
$
|
1,113 |
|
|
|
0.02 |
%
|
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the three months ended March 31, 2025:
|
Loan Type
|
Interest Rate Reduction
Financial Impact
|
|
Term Extension
Financial Impact
|
|
Commercial real estate residential
|
Weighted-average contractual interest rate remained at 9.5% |
|
|
| |
|
|
|
|
Commercial real estate nonresidential
|
|
|
Added a weighted-average 1.2 years to life of the loans |
| |
|
|
|
|
Commercial other
|
|
|
Added a weighted-average 4.8 years to life of the loans |
| |
|
|
|
|
Real estate mortgage
|
Reduced weighted-average contractual interest rate from 7.8% to 4.5% |
|
Added a weighted-average 0.4 years to life of the loans |
| |
|
|
|
|
Home equity lines
|
|
|
Added a weighted-average 2.1 years to life of the loans |
| |
|
|
|
|
Consumer direct
|
|
|
Added a weighted-average 0.1 years to life of the loans |
| |
|
|
|
|
Consumer indirect
|
|
|
Added a weighted-average 1.0 years to life of the loans |
|
Loan Type
|
Combination – Term Extension and
Interest Rate Reduction
Financial Impact
|
|
Payment Changes
Financial Impact
|
|
Commercial real estate residential
|
Reduced weighted-average contractual interest rate from 8.9% to 7.5% and increased the weighted-average life by 12.2 years |
|
Provided payment changes that will be added to the end of the original loan term
|
| |
|
|
|
|
Commercial real estate nonresidential
|
|
|
Provided payment changes that will be added to the end of the original loan term
|
| |
|
|
|
|
Commercial other
|
Increased weighted-average contractual interest rate from 5.1% to 8.0% and increased the weighted-average life by 9.6 years |
|
Provided payment changes that will be added to the end of the original loan term
|
| |
|
|
|
|
Real estate mortgage
|
Reduced weighted-average contractual interest rate from 6.0% to 3.0% and increased the weighted-average life by 1.8 years |
|
|
| |
|
|
|
|
Consumer indirect
|
|
|
Provided payment changes that will be added to the end of the original loan term
|
No charge-offs have resulted from the presented modifications. We had commitments to extend additional credit in the amount of $5 thousand and $2 thousand at March 31, 2026 and 2025, respectively, on loans that were considered in financial difficulty.
Loans retain their accrual status at the time of their modification. As a result, if a loan is on nonaccrual at the time it is modified, it stays as nonaccrual, and if a loan is on accrual at the time of the modification, it generally stays on accrual. Commercial and consumer loans modified due to a borrower’s financial difficulty are closely monitored for delinquency as an early indicator of possible future default. If a loan to a borrower experiencing financial difficulty subsequently defaults, CTBI evaluates the loan for possible further impairment. The table below represents the payment status of loans to borrowers experiencing financial difficulty for the past 12 months as of March 31, 2026.
| |
|
Past Due Status (Amortized Cost Basis)
|
|
|
(in thousands)
|
|
Current
|
|
|
30-89 Days
|
|
|
90+ Days
|
|
|
Nonaccrual
|
|
|
Commercial real estate residential
|
|
$
|
1,231 |
|
|
$
|
0 |
|
|
$
|
50 |
|
|
$
|
0 |
|
|
Commercial real estate nonresidential
|
|
|
10,603 |
|
|
|
118 |
|
|
|
0 |
|
|
|
0 |
|
|
Commercial other
|
|
|
1,044 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Real estate mortgage
|
|
|
12,014 |
|
|
|
834 |
|
|
|
465 |
|
|
|
82 |
|
|
Home equity lines
|
|
|
504 |
|
|
|
13 |
|
|
|
0 |
|
|
|
159 |
|
|
Consumer direct
|
|
|
18 |
|
|
|
5 |
|
|
|
0 |
|
|
|
0 |
|
|
Consumer indirect
|
|
|
497 |
|
|
|
28 |
|
|
|
0 |
|
|
|
0 |
|
|
Loans to borrowers experiencing financial difficulty
|
|
$
|
25,911 |
|
|
$
|
998 |
|
|
$
|
515 |
|
|
$
|
241 |
|
The allowance for credit losses may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan. During the quarter ended March 31, 2026, there were three loans to borrowers experiencing financial difficulty that subsequently defaulted. CTBI considers a loan in default when it is 90 days or more past due or transferred to nonaccrual. Presented below, segregated by segment, are loans to borrowers experiencing financial difficulty for which there was a payment default during the periods indicated and such default was within 12 months of the loan modification.
| |
|
Three Months Ended
March 31, 2026
|
|
|
(in thousands)
|
|
Number of Loans
|
|
|
Recorded Balance
|
|
|
Commercial:
|
|
|
|
|
|
|
|
Commercial real estate residential
|
|
|
1 |
|
|
$
|
50 |
|
|
Residential:
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
2 |
|
|
|
124 |
|
|
Loans to borrowers experiencing financial difficulty
|
|
|
3 |
|
|
$
|
174 |
|
| |
|
Three Months Ended
March 31, 2025
|
|
|
(in thousands)
|
|
Number of Loans
|
|
|
Recorded Balance
|
|
|
Commercial:
|
|
|
|
|
|
|
|
Commercial real estate residential
|
|
|
1 |
|
|
$
|
18 |
|
|
Commercial real estate nonresidential
|
|
|
1 |
|
|
|
45 |
|
|
Commercial other
|
|
|
1 |
|
|
|
243 |
|
|
Residential:
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
|
|
|
5 |
|
|
|
362 |
|
|
Loans to borrowers experiencing financial difficulty
|
|
|
8 |
|
|
$
|
668 |
|
|