Community Trust Bancorp Q3 2024 10-Q Filing
Ticker: CTBI · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 350852
Sentiment: neutral
Topics: 10-Q, financials, banking
TL;DR
CTBI's Q3 2024 10-Q is in. Check financials.
AI Summary
Community Trust Bancorp, Inc. (CTBI) filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including its assets, liabilities, and equity. Specific financial figures and operational details for the third quarter and year-to-date periods are presented.
Why It Matters
This filing provides investors and analysts with a detailed look into Community Trust Bancorp's financial health and operational performance for the third quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — As a financial institution, Community Trust Bancorp is subject to various market, credit, and regulatory risks inherent in the banking industry.
Key Numbers
- N/A — Total Assets (Specific asset figures are not detailed in the provided header information.)
- N/A — Total Liabilities (Specific liability figures are not detailed in the provided header information.)
- N/A — Total Equity (Specific equity figures are not detailed in the provided header information.)
Key Players & Entities
- COMMUNITY TRUST BANCORP INC /KY/ (company) — Filer
- 0000350852 (company) — Central Index Key
- 6022 (company) — Standard Industrial Classification (Commercial Banks)
- KY (company) — State of Incorporation
- 20240930 (date) — Conformed Period of Report
- 20241108 (date) — Filed as of Date
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on November 8, 2024.
What is the Central Index Key (CIK) for Community Trust Bancorp, Inc.?
The CIK for Community Trust Bancorp, Inc. is 0000350852.
What is the Standard Industrial Classification (SIC) code for Community Trust Bancorp, Inc.?
The SIC code is 6022, which corresponds to State Commercial Banks.
In which state is Community Trust Bancorp, Inc. incorporated?
Community Trust Bancorp, Inc. is incorporated in Kentucky (KY).
Filing Stats: 4,406 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-11-08 08:31:02
Filing Documents
- ef20034557_10q.htm (10-Q) — 6469KB
- ef20034557_ex31-1.htm (EX-31.1) — 13KB
- ef20034557_ex31-2.htm (EX-31.2) — 13KB
- ef20034557_ex32-1.htm (EX-32.1) — 4KB
- ef20034557_ex32-2.htm (EX-32.2) — 4KB
- 0001140361-24-045741.txt ( ) — 27887KB
- ctbi-20240930.xsd (EX-101.SCH) — 64KB
- ctbi-20240930_cal.xml (EX-101.CAL) — 110KB
- ctbi-20240930_def.xml (EX-101.DEF) — 460KB
- ctbi-20240930_lab.xml (EX-101.LAB) — 1012KB
- ctbi-20240930_pre.xml (EX-101.PRE) — 654KB
- ef20034557_10q_htm.xml (XML) — 8842KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements The accompanying information has not been audited by our independent registered public accountants; however, in the opinion of management such information reflects all adjustments necessary for a fair presentation of the results for the interim period. All such adjustments are of a normal and recurring nature. The accompanying condensed consolidated financial statements are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America or those normally made in the Registrant's annual report on Form 10-K. Accordingly, the reader of the Form 10-Q should refer to the Registrant's Form 10-K for the year ended December 31, 2023 for further information in this regard. 1 Community Trust Bancorp, Inc. Condensed Consolidated Balance Sheets (dollars in thousands) (unaudited) September 30 2024 December 31 2023 Assets: Cash and due from banks $ 85,944 $ 58,833 Interest bearing deposits 154,996 212,567 Cash and cash equivalents 240,940 271,400 Certificates of deposit in other banks 245 245 Debt securities available-for-sale at fair value (amortized cost of $ 1,205,289 and $ 1,301,244 , respectively) 1,098,076 1,163,724 Equity securities at fair value 3,266 3,158 Loans held for sale 115 152 Loans 4,350,474 4,050,906 Allowance for credit losses ( 53,360 ) ( 49,543 ) Net loans 4,297,114 4,001,363 Premises and equipment, net 47,519 45,311 Operating right-of-use assets 11,712 12,607 Finance right-of-use assets 3,006 3,096 Federal Home Loan Bank stock 5,173 4,712 Federal Reserve Bank stock 4,887 4,887 Goodwill 65,490 65,490 Bank owned life insurance 100,915 101,461 Mortgage servicing rights 7,091 7,665 Other real estate owned 1,344 1,616 Deferred tax asset 21,172 28,141 Acc