Community Trust Bancorp, Inc. Reports Earnings for the 3rd Quarter 2026

PIKEVILLE, Ky.--(BUSINESS WIRE)-- Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary (in thousands except per share data) 3Q 2026 2Q 2026 3Q 2025 YTD 2026 YTD 2025 Net income $25,890 $29,623 $23,911 $82,705 $70,782 Earnings per share $1.43 $1.64 $1.33 $4.58 $3.93 Earnings per share - diluted $1.43 $1.64 $1.32 $4.57 $3.92 Return on average assets 1.46% 1.74% 1.46% 1.61% 1.50% Return on average equity 11.49% 13.40% 11.53% 12.49% 11.84% Efficiency ratio 45.90% 47.99% 50.86% 47.51% 51.12% Tangible common equity 11.60% 11.93% 11.65% Dividends declared per share $0.71 $0.53 $0.53 $1.77 $1.47 Book value per share $48.29 $49.10 $45.91 Weighted average shares 18,069 18,064 18,019 18,061 18,009 Weighted average shares - diluted 18,114 18,099 18,053 18,098 18,037 Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the third quarter 2026 of $25.9 million, or $1.43 per basic earnings per share, compared to $29.6 million, or $1.64 per basic share, earned during the second quarter 2026 and $23.9 million, or $1.33 per basic share, earned during the third quarter 2025. Total revenue for the quarter was $1.2 million above prior quarter and $8.2 million above prior year same quarter. Net interest income for the quarter increased $0.2 million compared to prior quarter and $5.5 million compared to prior year same quarter, and noninterest income increased $1.0 million compared to prior quarter and $2.7 million compared to prior year same quarter. Our provision for credit losses for the quarter increased $6.4 million from prior quarter and $5.3 million from prior year same quarter. Noninterest expense decreased $0.9 million compared to prior quarter and $0.3 million compared to prior year same quarter. Earnings for the nine months ended September 30, 2026 were $82.7 million, or $4.58 per basic share, compared to $70.8 million, or $3.93 per basic share, for the same period prior year. 3rd Quarter 2026 Highlights Net interest income for the quarter of $61.1 million was $0.2 million, or 0.3%, above prior quarter and $5.5 million, or 9.9%, above prior year same quarter, as our net interest margin decreased 17 basis points from prior quarter but increased 3 basis points from prior year same quarter. Provision for credit losses at $9.2 million for the quarter increased $6.4 million from prior quarter and $5.3 million from prior year same quarter. Noninterest income for the quarter of $18.6 million was $1.0 million, or 6.0%, above prior quarter and $2.7 million, or 16.9%, above prior year same quarter. Noninterest expense for the quarter of $36.5 million was $0.9 million, or 2.4%, below prior quarter and $0.3 million, or 0.7%, below prior year same quarter. Our loan portfolio at $5.3 billion increased $177.9 million, an annualized 13.8%, for the quarter and $509.0 million, or 10.6%, from September 30, 2025. We had net loan charge-offs of $6.6 million, an annualized 0.50% of average loans, for the quarter compared to $0.9 million, an annualized 0.07% of average loans, for prior quarter and $2.7 million, an annualized 0.23% of average loans, for the third quarter 2025. Our total nonperforming loans at $22.5 million at September 30, 2026 decreased $7.3 million for the quarter and $2.2 million from September 30, 2025. Nonperforming assets at $27.7 million decreased $5.6 million for the quarter and $1.8 million from September 30, 2025. Deposits, including repurchase agreements, at $6.0 billion increased $86.1 million, an annualized 5.7%, for the quarter and $370.7 million, or 6.5%, from September 30, 2025. Shareholders’ equity at $877.3 million decreased $14.5 million, an annualized 6.4%, for the quarter but increased $46.0 million, or 5.5%, from September 30, 2025. Net Interest Income Percent Change 3Q 2026 Compared to: ($ in thousands) 3Q 2026 2Q 2026 3Q 2025 2Q 2026 3Q 2025 YTD 2026 YTD 2025 Percent Change Components of net interest income: Income on earning assets $94,893 $91,238 $88,562 4.0% 7.1% $273,886 $256,187 6.9% Expense on interest bearing liabilities 33,837 30,349 33,008 11.5% 2.5% 93,159 95,326 (2.3)% Net interest income 61,056 60,889 55,554 0.3% 9.9% 180,727 160,861 12.3% TEQ 284 304 301 (6.6)% (5.4)% 905 857 5.6% Net interest income, tax equivalent (non-GAAP) $61,340 $61,193 $55,855 0.2% 9.8% $181,632 $161,718 12.3% Average yield and rates paid: Earning assets yield 5.63% 5.68% 5.73% (0.9)% (1.7)% 5.65% 5.73% (1.4)% Rate paid on interest bearing liabilities 2.78% 2.64% 3.01% 5.2% (7.6)% 2.68% 3.01% (11.0)% Gross interest margin 2.85% 3.04% 2.72% (6.3)% 4.7% 2.97% 2.72% 9.1% Net interest margin 3.63% 3.80% 3.60% (4.4)% 0.7% 3.74% 3.61% 3.6% Average balances: Investment securities $1,126,360 $1,081,411 $1,006,259 4.2% 11.9% $1,107,298 $1,018,062 8.8% Loans $5,175,712 $5,051,165 $4,736,104 2.5% 9.3% $5,054,596 $4,646,475 8.8% Earning assets $6,704,985 $6,464,479 $6,151,134 3.7% 9.0% $6,500,315 $5,995,216 8.4% Interest-bearing liabilities $4,832,747 $4,610,459 $4,353,313 4.8% 11.0% $4,647,249 $4,236,566 9.7% Net interest income for the quarter of $61.1 million was $0.2 million, or 0.3%, above prior quarter and $5.5 million, or 9.9%, above prior year same quarter, as our net interest margin, on a fully tax equivalent basis, decreased 17 basis points from prior quarter but increased 3 basis points from prior year same quarter. Our quarterly average earning assets increased $240.5 million, an annualized 3.7%, from prior quarter and $553.9 million, or 9.0%, from prior year same quarter. Our yield on average earning assets decreased 5 basis points from prior quarter and 10 basis points from prior year same quarter, while our cost of funds increased 14 basis points from prior quarter but decreased 23 basis points from prior year same quarter. Our ratio of average loans to deposits, including repurchase agreements, for the quarter was 86.2% compared to 87.2% for prior quarter and 85.6% for same quarter prior year. Net interest income for the nine months ended September 30, 2026 at $180.7 million was $19.9 million, or 12.3%, above same period prior year. Provision for Credit Losses Our provision for credit losses at $9.2 million for the quarter increased $6.4 million from prior quarter and $5.3 million from prior year same quarter. Of the provision for the quarter, $5.8 million was attributable to the allowance for credit losses, with an additional expense of $0.6 million recognized in the provision for unfunded commitments. The increase in the provision was the result of the increase in net charge-offs in addition to the significant loan growth we experienced during the quarter. Provision for credit losses for the nine months ended September 30, 2026 at $14.3 million was $4.7 million above same period prior year. Noninterest Income Percent Change 3Q 2026 Compared to: ($ in thousands) 3Q 2026 2Q 2026 3Q 2025 2Q 2026 3Q 2025 YTD 2026 YTD 2025 Percent Change Deposit related fees $8,579 $7,657 $8,131 12.0% 5.5% $23,391 $22,303 4.9% Trust and wealth management income 4,885 4,724 4,277 3.4% 14.2% 14,071 12,350 13.9% Gains on sales of loans 33 61 89 (46.2)% (63.5)% 145 213 (31.8)% Loan related fees 1,268 1,146 897 10.7% 41.3% 3,453 3,111 11.0% Bank owned life insurance revenue 1,227 1,188 1,144 3.2% 7.3% 4,129 3,281 25.9% Brokerage revenue 727 528 588 37.8% 23.6% 1,775 1,608 10.4% Other 1,929 2,295 820 (16.0)% 135.2% 4,697 4,148 13.2% Total noninterest income $18,648 $17,599 $15,946 6.0% 16.9% $51,661 $47,014 9.9% Noninterest income for the quarter of $18.6 million was $1.0 million, or 6.0%, above prior quarter and $2.7 million, or 16.9%, above prior year same quarter. The variance quarter over quarter was primarily the result of a $0.9 million increase in deposit related fees. Increases in trust and wealth management income ($0.2 million) and brokerage revenue ($0.2 million) were offset by a $0.4 million decline in net securities gains, included in the “Other” row in the table above. Year over year increases for the quarter included net securities gains ($1.0 million), trust and wealth management income ($0.6 million), deposit related fees ($0.4 million), and loan related fees ($0.4 million). The variances in securities gains resulted primarily from changes in the valuation of our equity securities. Noninterest income for the nine months ended September 30, 2026 of $51.7 million was $4.6 million, or 9.9%, above prior year same period. Noninterest Expense Percent Change 3Q 2026 Compared to: ($ in thousands) 3Q 2026 2Q 2026 3Q 2025 2Q 2026 3Q 2025 YTD 2026 YTD 2025 Percent Change Salaries $14,252 $13,923 $13,913 2.4% 2.4% $41,804 $40,849 2.3% Employee benefits 7,491 9,297 7,861 (19.4)% (4.7)% 25,264 22,697 11.3% Net occupancy and equipment 3,489 3,367 3,261 3.6% 7.0% 10,555 9,873 6.9% Data processing 3,077 2,851 3,575 7.9% (13.9)% 8,883 9,760 (9.0)% Legal and professional fees 1,277 1,084 1,045 17.8% 22.1% 3,525 3,271 7.8% Advertising and marketing 907 841 953 7.9% (4.8)% 2,448 2,391 2.4% Taxes other than property and payroll 667 619 564 7.9% 18.3% 1,903 1,666 14.2% Other 5,320 5,388 5,572 (1.3)% (4.5)% 16,005 16,108 (0.6)% Total noninterest expense $36,480 $37,370 $36,744 (2.4)% (0.7)% $110,387 $106,615 3.5% Noninterest expense for the quarter of $36.5 million was $0.9 million, or 2.4%, below prior quarter and $0.3 million, or 0.7%, below prior year same quarter. The quarter over quarter decrease primarily resulted from a $1.7 million decrease in the cost of our group medical and life insurance, included in employee benefits, partially offset by increases in salaries ($0.3 million), data processing expense ($0.2 million), and legal and professional fees ($0.2 million). The year over year decrease for the quarter primarily resulted from a $0.5 million decrease in data processing expense offset by a $0.2 million increase in legal fees. The decrease in the cost of group medical and life insurance year over year was offset by increases in salaries and bonuses. Noninterest expense for the nine months ended September 30, 2026 of $110.4 million was $3.8 million, or 3.5%, above prior year same period. Balance Sheet Review CTBI’s total assets at $7.1 billion increased $72.2 million, or 4.1% annualized, for the quarter and $423.4 million, or 6.4%, from September 30, 2025. Loans outstanding at $5.3 billion increased $177.9 million, an annualized 13.8%, for the quarter and $509.0 million, or 10.6%, from September 30, 2025. The increase in loans for the quarter included a $80.9 million increase in the commercial loan portfolio, a $53.0 million increase in the residential loan portfolio, and a $46.8 million increase in the consumer indirect loan portfolio, partially offset by a $2.8 million decrease in the consumer direct loan portfolio. CTBI’s investment portfolio at $1.1 billion increased $60.1 million, an annualized 22.6%, for the quarter and $74.4 million, or 7.1%, from September 30, 2025. Deposits in other banks decreased $178.1 million for the quarter and $164.0 million from September 30, 2025. Total Loans Percent Change 3Q 2026 Compared to: ($ in thousands) 3Q 2026 2Q 2026 3Q 2025 2Q 2026 3Q 2025 Commercial nonresidential real estate $1,061,605 $1,005,462 $921,682 5.6% 15.2% Commercial residential real estate 633,648 599,454 573,270 5.7% 10.5% Hotel/motel 539,287 528,697 483,833 2.0% 11.5% Other commercial 443,920 463,901 446,125 (4.3)% (0.5)% Total commercial 2,678,460 2,597,514 2,424,910 3.1% 10.5% Residential mortgage 1,336,242 1,289,157 1,157,540 3.7% 15.4% Home equity loans/lines 201,192 195,270 184,191 3.0% 9.2% Total residential 1,537,434 1,484,427 1,341,731 3.6% 14.6% Consumer indirect 949,929 903,125 877,555 5.2% 8.2% Consumer direct 137,045 139,865 149,719 (2.0)% (8.5)% Total consumer 1,086,974 1,042,990 1,027,274 4.2% 5.8% Total loans $5,302,868 $5,124,931 $4,793,915 3.5% 10.6% Total Deposits and Repurchase Agreements Percent Change 3Q 2026 Compared to: ($ in thousands) 3Q 2026 2Q 2026 3Q 2025 2Q 2026 3Q 2025 Noninterest bearing deposits $1,254,885 $1,259,364 $1,248,573 (0.4)% 0.5% Interest bearing deposits Interest checking 193,714 188,978 194,327 2.5% (0.3)% Money market savings 1,862,607 1,963,115 1,815,111 (5.1)% 2.6% Savings accounts 488,796 497,390 501,189 (1.7)% (2.5)% Time deposits 1,889,887 1,748,916 1,626,261 8.1% 16.2% Repurchase agreements 351,105 297,094 284,863 18.2% 23.3% Total interest bearing deposits and repurchase agreements 4,786,109 4,695,493 4,421,751 1.9% 8.2% Total deposits and repurchase agreements $6,040,994 $5,954,857 $5,670,324 1.4% 6.5% Deposits, including repurchase agreements, at $6.0 billion increased $86.1 million, an annualized 5.7%, for the quarter and $370.7 million, or 6.5%, from September 30, 2025. CTBI is not dependent on any one customer or group of customers for their source of deposits. As of September 30, 2026, two customers accounted for over 3% each (3.8% and 3.7%) of our $5.7 billion in deposits. Only these two customer relationships accounted for more than 1% each of our deposits. Shareholders’ equity at $877.3 million decreased $14.5 million, an annualized 6.4%, for the quarter but increased $46.0 million, or 5.5%, from September 30, 2025. Net unrealized losses on securities, net of deferred taxes, were $96.7 million at September 30, 2026, compared to $68.4 million at June 30, 2026 and $71.1 million at September 30, 2025. CTBI’s annualized dividend yield to shareholders as of September 30, 2026 was 3.83%. Asset Quality Our total nonperforming loans at $22.5 million at September 30, 2026 decreased $7.3 million for the quarter and $2.2 million from September 30, 2025. Nonaccrual loans at $9.5 million decreased $1.3 million from prior quarter and $6.2 million from September 30, 2025. Accruing loans 90+ days past due at $13.0 million decreased $5.9 million from prior quarter but increased $4.0 million from September 30, 2025. Accruing loans 30-89 days past due at $23.1 million increased $2.8 million from prior quarter and $4.6 million from September 30, 2025. Our loan portfolio management processes focus on the immediate identification, management, and resolution of problem loans to maximize recovery and minimize loss. We had net loan charge-offs of $6.6 million, an annualized 0.50% of average loans, for the quarter compared to $0.9 million, an annualized 0.07% of average loans, for prior quarter and $2.7 million, an annualized 0.23% of average loans, for the third quarter 2025. The increase in net loan charge-offs was primarily attributable to an $8.7 million commercial relationship previously reported as an accruing loan 90+ past due and in the process of collection. At June 30, 2026, management's analysis suggested that this loan was well secured. During September, the collateral was sold at auction, and we received a significantly lower amount at bid, resulting in a $4.3 million charge-off. Of the net charge-offs for the quarter, $5.0 million were in commercial loans, $1.3 million were in consumer indirect loans, and $0.3 million were in consumer direct loans. Net loan charge-offs for the nine months ended September 30, 2026 were $8.8 million, or an annualized 0.23% of average loans, compared to $5.7 million, or an annualized 0.16% of average loans, for the same period prior year. Allowance for Credit Losses Our reserve coverage (allowance for credit losses to nonperforming loans) at September 30, 2026 was 289.3% compared to 211.8% at June 30, 2026 and 239.5% at September 30, 2025. Our allowance for credit losses as a percentage of total loans outstanding at September 30, 2026 remained at 1.23% from June 30, 2026 and September 30, 2025. The table below shows the changes in components of the allowance for credit losses during the third quarter 2026: Beginning balance $63,001 New loan volume 6,146 Changes in existing loan balances (882) Loans exiting (2,969) Historical loss rate (381) Qualitative factors 240 Other changes (96) Ending balance $65,059 Forward-Looking Statements Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. CTBI’s actual results may differ materially from those included in the forward-looking statements. Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may increase,” “may fluctuate,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” and “could.” These forward-looking statements involve risks and uncertainties including, but not limited to, economic conditions, portfolio growth, the credit performance of the portfolios, including bankruptcies, and seasonal factors; changes in general economic conditions including the performance of financial markets, prevailing inflation and interest rates, realized gains from sales of investments, gains from asset sales, and losses on commercial lending activities; the effects of epidemics, pandemics, or other infectious disease outbreaks; results of various investment activities; the effects of competitors’ pricing policies, changes in laws and regulations, competition, and demographic changes on target market populations’ savings and financial planning needs; industry changes in information technology systems on which we are highly dependent; failure of acquisitions to produce revenue enhancements or cost savings at levels or within the time frames originally anticipated or unforeseen integration difficulties; the resolution of legal proceedings and related matters. In addition, the banking industry in general is subject to various monetary, operational, and fiscal policies and regulations, which include, but are not limited to, those determined by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and state regulators, whose policies, regulations, and enforcement actions could affect CTBI’s results. These statements are representative only on the date hereof, and CTBI undertakes no obligation to update any forward-looking statements made. Community Trust Bancorp, Inc., with assets of $7.1 billion, is headquartered in Pikeville, Kentucky and has 69 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. Additional information follows. Community Trust Bancorp, Inc. Financial Summary (Unaudited) September 30, 2026 (in thousands except per share data and # of employees) Three Three Three Nine Nine Months Months Months Months Months Ended Ended Ended Ended Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 Interest income $ 94,893 $ 91,238 $ 88,562 $ 273,886 $ 256,187 Interest expense 33,837 30,349 33,008 93,159 95,326 Net interest income 61,056 60,889 55,554 180,727 160,861 Provision for credit losses 9,171 2,771 3,866 14,253 9,528 Gains on sales of loans 33 61 89 145 213 Deposit related fees 8,579 7,657 8,131 23,391 22,303 Trust and wealth management income 4,885 4,724 4,277 14,071 12,350 Loan related fees 1,268 1,146 897 3,453 3,111 Securities gains (losses) 515 924 (449) 951 181 Other noninterest income 3,368 3,087 3,001 9,650 8,856 Total noninterest income 18,648 17,599 15,946 51,661 47,014 Personnel expense 21,743 23,220 21,774 67,068 63,546 Occupancy and equipment 3,489 3,367 3,261 10,555 9,873 Data processing expense 3,077 2,851 3,575 8,883 9,760 FDIC insurance premiums 750 751 703 2,245 2,080 Other noninterest expense 7,421 7,181 7,431 21,636 21,356 Total noninterest expense 36,480 37,370 36,744 110,387 106,615 Net income before taxes 34,053 38,347 30,890 107,748 91,732 Income taxes 8,163 8,724 6,979 25,043 20,950 Net income $ 25,890 $ 29,623 $ 23,911 $ 82,705 $ 70,782 Memo: TEQ interest income $ 95,177 $ 91,542 $ 88,863 $ 274,791 $ 257,044 Average shares outstanding 18,069 18,064 18,019 18,061 18,009 Diluted average shares outstanding 18,114 18,099 18,053 18,098 18,037 Basic earnings per share $ 1.43 $ 1.64 $ 1.33 $ 4.58 $ 3.93 Diluted earnings per share $ 1.43 $ 1.64 $ 1.32 $ 4.57 $ 3.92 Dividends per share $ 0.71 $ 0.53 $ 0.53 $ 1.77 $ 1.47 Average balances: Loans $ 5,175,712 $ 5,051,165 $ 4,736,104 $ 5,054,596 $ 4,646,475 Earning assets 6,704,985 6,464,479 6,151,134 6,500,315 5,995,216 Total assets 7,049,781 6,817,407 6,487,817 6,846,923 6,327,184 Deposits, including repurchase agreements 6,008,105 5,793,767 5,531,461 5,822,548 5,399,692 Interest bearing liabilities 4,832,747 4,610,459 4,353,313 4,647,249 4,236,566 Shareholders' equity 894,271 886,914 823,016 885,046 798,996 Performance ratios: Return on average assets 1.46% 1.74% 1.46% 1.61% 1.50% Return on average equity 11.49% 13.40% 11.53% 12.49% 11.84% Yield on average earning assets (tax equivalent) 5.63% 5.68% 5.73% 5.65% 5.73% Cost of interest bearing funds (tax equivalent) 2.78% 2.64% 3.01% 2.68% 3.01% Net interest margin (tax equivalent) 3.63% 3.80% 3.60% 3.74% 3.61% Efficiency ratio (tax equivalent) 45.90% 47.99% 50.86% 47.51% 51.12% Loan charge-offs $ 7,724 $ 2,112 $ 4,024 $ 12,522 $ 9,274 Recoveries (1,172) (1,195) (1,276) (3,735) (3,598) Net charge-offs $ 6,552 $ 917 $ 2,748 $ 8,787 $ 5,676 Market Price: High $ 79.92 $ 73.22 $ 59.67 $ 79.92 $ 59.67 Low $ 70.60 $ 60.40 $ 52.60 $ 56.05 $ 44.60 Close $ 74.22 $ 72.36 $ 55.95 $ 74.22 $ 55.95 Community Trust Bancorp, Inc. Financial Summary (Unaudited) September 30, 2026 (in thousands except per share data and # of employees) As of As of As of September 30, 2026 June 30, 2026 September 30, 2025 Assets: Loans $ 5,302,868 $ 5,124,931 $ 4,793,915 Allowance for credit losses (65,059) (63,001) (59,135) Net loans 5,237,809 5,061,930 4,734,780 Loans held for sale 150 - 483 Securities AFS 1,111,268 1,051,681 1,037,965 Equity securities at fair value 5,093 4,578 3,961 Other equity investments 11,176 10,412 9,948 Other earning assets 274,493 452,627 438,501 Cash and due from banks 59,170 63,815 71,218 Premises and equipment 53,143 53,065 52,245 Right of use asset 14,531 14,957 15,974 Goodwill and core deposit intangible 65,490 65,490 65,490 Other assets 229,249 210,816 207,564 Total Assets $ 7,061,572 $ 6,989,371 $ 6,638,129 Liabilities and Equity: Interest bearing checking $ 193,714 $ 188,978 $ 194,327 Savings deposits 2,351,403 2,460,505 2,316,300 CD's >=$100,000 1,208,796 1,107,635 992,728 Other time deposits 681,091 641,281 633,533 Total interest bearing deposits 4,435,004 4,398,399 4,136,888 Noninterest bearing deposits 1,254,885 1,259,364 1,248,573 Total deposits 5,689,889 5,657,763 5,385,461 Repurchase agreements 351,105 297,094 284,863 Other interest bearing liabilities 64,383 64,448 64,641 Lease liabilities 15,621 16,000 16,909 Other noninterest bearing liabilities 63,239 62,239 54,882 Total liabilities 6,184,237 6,097,544 5,806,756 Shareholders' equity 877,335 891,827 831,373 Total Liabilities and Equity $ 7,061,572 $ 6,989,371 $ 6,638,129 Ending shares outstanding 18,168 18,164 18,110 30 - 89 days past due loans $ 23,149 $ 20,301 $ 18,500 90 days past due loans 13,022 18,951 9,040 Nonaccrual loans 9,465 10,794 15,647 Foreclosed properties 5,212 3,517 4,856 Community bank leverage ratio 13.60% 13.89% 13.68% Tangible equity to tangible assets ratio 11.60% 11.93% 11.65% FTE employees 968 970 929 For Additional Information, Please Contact Mark A. Gooch, Chairman, President, and CEO, Community Trust Bancorp, Inc. at (606) 437-3229 Source: Community Trust Bancorp, Inc.