Trade Community Trust Bancorp Inc - CTBI CFD

Community Trust Company profile

About Community Trust Bancorp, Inc.

Community Trust Bancorp, Inc. (CTBI) is a bank holding company. CTBI owns all the capital stock of one commercial bank and one trust company, serving small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, southern West Virginia, and northeastern Tennessee. The commercial bank is Community Trust Bank, Inc., Pikeville, Kentucky (CTB) and the trust company is Community Trust and Investment Company, Lexington, Kentucky. CTBI is engaged in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals, and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes; and providing funds transfer services. The lending activities of CTB include making commercial, construction, mortgage and personal loans.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Community Trust Bancorp, Inc. interest income increased 1% to $178.2M. Net interest income after loan loss provision increased 26% to $169.5M. Net income increased 48% to $87.9M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities.

Equity composition

Common Stock $5 Par, 2/11, 25M auth., 15,296,519 issd. Insiders control 3.99%. Stock issd. 7/81,per reorg. of Pikeville National Bank & Trust. Basis: 1-for-1. 11/04, 11/03, 11/02, 3/00, 3/99, 3/97, 10% stock dividends. 1/94 & 5/92, 3-for-2 stock splits. 05/14, 10% Stock dividend.