COMMUNITY TRUST BANCORP INC /KY/ CTBI Income Statement

Community trust bancorp inc /ky/ (CTBI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Interest and fees on loans, including loans held for sale
164,546	164,991	164,773	162,412	158,885	154,552	150,642	147,510	144,599	141,497	138,436	135,741	134,116	133,965	133,310	132,564	131,978	130,829	130,407	129,751	129,019	128,457	128,656	129,755	130,490	131,725	132,835	133,843	135,449	137,653	139,215	141,097	143,001	144,635	144,450	143,435	0	0	0
Interest and dividends on securities
Taxable
12,399	12,516	12,039	11,375	10,708	10,015	9,571	9,347	9,155	8,715	8,535	8,367	8,202	8,265	8,334	8,348	8,691	9,153	9,705	10,424	10,822	11,314	11,821	12,254	12,577	12,425	12,227	12,179	12,133	12,009	11,504	10,954	10,622	10,133	9,939	9,735	0	0	0
Tax exempt
2,203	2,354	2,504	2,651	2,777	2,796	2,902	2,944	2,959	3,011	2,926	2,838	2,775	2,718	2,676	2,702	2,726	2,705	2,696	2,681	2,663	2,576	2,485	2,382	2,275	2,249	2,226	2,199	2,155	2,074	1,973	1,894	1,793	1,712	1,651	1,590	0	0	0
Amount of interest income and dividend income on Federal Reserve Bank and Federal Home Loan Bank stock.
791	947	1,065	1,199	1,266	1,303	1,324	1,291	1,246	1,189	1,121	1,064	1,033	1,011	1,011	1,012	1,010	1,010	1,010	1,010	1,058	1,136	1,214	1,307	1,351	1,367	1,414	1,414	1,417	1,433	1,386	1,370	1,382	1,374	1,107	1,121	0	0	0
Amount of interest income from interest-bearing funds deposited into Federal Reserve Bank.
4,144	4,434	4,355	3,684	2,872	2,525	2,051	1,631	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, including interest on federal funds sold
125	156	195	230	251	259	46	49	42	216	-14	69	155	81	549	487	417	323	308	305	337	384	398	374	351	361	403	465	518	553	604	625	628	606	577	579	0	0	0
Total interest income
184,208	185,398	184,931	181,551	176,759	171,450	166,885	163,122	159,508	155,696	152,019	148,854	146,817	146,576	145,880	145,113	144,822	144,020	144,126	144,171	143,899	143,867	144,574	146,072	147,044	148,127	149,105	150,100	151,672	153,722	154,682	155,940	157,426	158,460	157,724	156,460	0	0	0
Interest expense:
Interest on deposits
32,238	33,371	32,886	30,288	26,917	23,714	20,982	18,685	16,281	14,350	12,750	11,795	11,291	10,921	10,586	10,199	9,881	9,616	9,466	9,529	9,642	9,798	10,023	10,326	10,756	11,313	12,432	14,431	16,459	17,911	18,926	19,342	19,923	21,282	23,988	26,432	0	0	0
Interest on repurchase agreements and federal funds purchased
4,479	4,631	4,652	4,301	3,833	3,312	2,793	2,441	2,129	1,832	1,534	1,356	1,229	1,155	1,085	1,028	986	938	916	890	865	841	825	852	869	940	1,016	1,078	1,165	1,240	1,327	1,430	1,535	1,625	1,717	1,832	0	0	0
Interest on advances from Federal Home Loan Bank
0	39	59	62	64	27	40	263	426	427	405	182	21	62	67	73	79	49	43	40	35	27	23	24	25	26	27	28	30	34	49	64	82	99	95	89	0	0	0
Interest on long-term debt
2,345	2,472	2,525	2,474	2,398	2,242	2,093	1,922	1,769	1,685	1,619	1,553	1,489	1,417	1,337	1,270	1,210	1,170	1,150	1,138	1,132	1,131	1,134	1,139	1,154	1,161	1,178	1,215	1,693	2,403	3,101	3,776	3,999	3,999	4,000	4,000	0	0	0
Total interest expense
39,062	40,513	40,122	37,125	33,212	29,295	25,908	23,311	20,605	18,294	16,308	14,886	14,030	13,555	13,075	12,570	12,156	11,773	11,575	11,597	11,674	11,797	12,005	12,341	12,804	13,440	14,653	16,752	19,347	21,588	23,403	24,612	25,539	27,005	29,800	32,353	0	0	0
Net interest income
145,146	144,885	144,809	144,426	143,547	142,155	140,977	139,811	138,903	137,402	135,711	133,968	132,787	133,021	132,805	132,543	132,666	132,247	132,551	132,574	132,225	132,070	132,569	133,731	134,240	134,687	134,452	133,348	132,325	132,134	131,279	131,328	131,887	131,455	127,924	124,107	0	0	0
Provision for credit losses
17,336	4,819	4,755	5,045	5,411	6,167	7,280	6,403	7,238	7,521	6,702	8,227	7,336	7,872	7,739	8,068	8,514	8,650	10,115	10,895	9,311	8,755	6,599	5,428	8,354	8,568	10,295	11,085	9,849	9,450	9,544	9,140	10,035	13,262	13,898	14,489	0	0	0
Net interest income after provision for credit losses
127,810	140,066	140,054	139,381	138,136	135,988	133,697	133,408	131,665	129,881	129,009	125,741	125,451	125,149	125,066	124,475	124,152	123,597	122,436	121,679	122,914	123,315	125,970	128,303	125,886	126,119	124,157	122,263	122,476	122,684	121,735	122,188	121,852	118,193	114,026	109,618	0	0	0
Noninterest income:
The non-interest income earned through general service fees for monthly account maintenance and activity- or transaction-based fees, consisting of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue.
26,155	26,359	26,106	25,918	25,873	25,974	25,835	25,663	25,382	25,121	24,944	25,008	25,081	24,966	24,986	24,771	24,545	24,282	24,129	24,102	24,043	23,892	24,091	24,119	24,314	24,650	24,429	24,118	23,891	23,996	24,442	25,085	25,568	25,576	24,919	24,187	0	0	0
Gains on sales of loans, net
2,033	1,880	1,684	1,553	1,339	1,288	1,325	1,396	1,343	1,320	1,371	1,576	1,771	1,831	1,760	1,627	2,004	1,978	2,262	2,103	1,568	1,468	1,074	1,424	1,891	3,098	3,385	3,392	3,342	2,562	2,565	2,343	1,985	1,749	1,741	1,640	0	0	0
The non-interest income earned from monthly or quarterly fees due from wealth management customers as consideration for managing the customers' assets, including custody of assets, investment management, escrow services, fees for trust services, and similar fiduciary activities.
11,113	10,804	10,728	10,839	10,930	11,313	11,334	11,032	10,825	10,453	10,243	10,149	9,896	9,585	9,495	9,352	9,322	9,286	9,210	9,308	9,141	9,011	8,874	8,484	8,308	8,199	7,777	7,506	7,305	6,918	6,733	6,596	6,351	6,354	6,282	6,143	0	0	0
The non-interest income earned from loan related fees.
2,264	2,742	2,279	2,679	3,158	3,729	4,193	3,963	3,817	3,678	4,067	4,535	4,501	4,107	3,684	3,065	3,568	3,821	3,705	4,192	3,716	3,531	3,738	3,698	4,428	4,697	5,046	4,589	3,703	4,042	3,291	2,910	2,776	2,372	2,471	2,267	0	0	0
Bank owned life insurance
2,412	2,397	2,397	2,362	2,466	3,672	3,651	3,679	3,412	2,172	2,204	2,181	2,193	2,199	2,163	2,184	2,167	2,158	2,146	2,088	2,043	1,996	1,955	1,949	2,800	2,747	2,705	2,650	1,753	1,760	1,772	1,743	1,739	1,721	1,720	1,694	0	0	0
Brokerage revenue
1,478	1,367	1,278	1,191	1,332	1,354	1,346	1,312	1,295	1,324	1,279	1,369	1,263	1,314	1,435	1,443	1,493	1,426	1,803	1,913	2,180	2,454	2,310	2,381	2,365	2,245	0	0	0	-	-	-	-	-	-	-	-	-	-
Securities gains
676	783	777	761	559	-85	-273	-223	-207	73	58	468	446	522	274	-172	-182	-106	76	30	-7	-211	-159	-148	-105	-45	-31	811	0	-	0	0	-	-	0	0	-	-	-
Other noninterest income
3,404	3,852	3,801	4,021	5,155	4,707	4,718	4,846	4,372	4,367	4,441	4,305	3,898	3,917	3,939	4,315	4,127	3,964	3,706	3,272	3,068	2,940	3,199	3,240	3,448	3,713	1,708	2,115	2,882	3,315	3,066	3,296	2,977	3,175	5,737	5,539	0	0	0
Total noninterest income
49,535	50,184	49,050	49,324	50,812	51,952	52,129	51,668	50,239	48,508	48,607	49,591	49,049	48,441	47,736	46,585	47,044	46,809	47,037	47,008	45,752	45,081	45,082	45,147	47,449	49,304	49,208	47,975	46,690	45,957	45,573	45,677	44,281	43,832	42,870	41,470	0	0	0
Noninterest expense:
Officer salaries and employee benefits
11,991	12,614	12,480	13,143	13,066	12,906	12,872	12,330	11,773	11,823	11,911	12,068	12,369	12,198	11,620	11,818	11,773	11,652	12,049	11,345	11,210	11,076	10,747	10,868	10,719	10,432	10,724	11,067	10,756	10,561	9,510	8,549	8,562	8,379	8,790	8,648	0	0	0
Other salaries and employee benefits
50,108	50,413	49,843	49,424	48,836	48,656	49,215	48,572	47,751	47,006	45,540	45,520	45,497	44,877	44,372	43,933	43,278	42,911	43,530	43,724	43,511	43,417	42,808	42,470	42,559	42,411	42,108	41,802	41,301	41,327	40,744	40,660	40,962	40,416	39,811	39,345	0	0	0
Occupancy, net
7,779	7,845	7,883	7,871	8,102	8,167	8,208	8,232	8,161	8,072	8,006	7,975	7,969	7,999	7,924	7,854	7,796	7,826	7,846	7,911	7,940	8,017	8,068	8,006	8,041	7,804	7,709	7,733	7,620	7,546	7,567	7,611	7,685	7,929	7,768	7,497	0	0	0
Equipment
2,982	3,000	2,973	2,922	2,900	2,878	2,943	2,959	2,980	3,049	3,048	3,040	3,021	2,950	2,931	2,944	2,987	3,049	3,040	3,125	3,291	3,414	3,648	3,737	3,787	3,865	3,892	3,929	3,936	3,876	3,839	3,890	3,800	3,750	3,731	3,682	0	0	0
Data processing
7,632	7,417	7,254	6,962	6,807	6,680	6,747	6,824	6,947	7,100	7,086	6,915	6,717	6,497	6,268	6,244	6,380	6,743	7,206	7,646	7,884	7,877	7,745	7,578	7,420	7,308	7,061	6,855	6,628	6,394	6,274	6,180	6,282	6,495	6,751	6,898	0	0	0
Tax assessed on banks in Kentucky in lieu of an income tax and is based on the equity of the bank (as defined by regulation).
6,868	6,771	6,715	6,677	6,571	6,557	6,128	5,715	5,659	5,478	5,626	5,913	5,792	5,671	5,649	5,429	5,305	5,174	5,048	4,984	4,916	4,857	4,748	4,664	4,579	4,493	4,529	4,535	4,539	4,571	4,299	4,289	4,281	4,290	4,405	4,262	0	0	0
Legal fees
2,015	1,968	1,771	1,589	1,593	1,637	1,687	1,743	1,700	1,668	1,725	1,751	1,868	1,906	2,069	2,119	2,143	2,236	2,136	2,189	2,319	2,444	2,557	2,584	2,484	2,392	2,282	2,219	2,159	2,154	2,132	2,241	2,315	2,644	2,831	2,888	0	0	0
Professional fees
2,226	2,188	2,243	2,173	2,122	2,093	1,970	1,941	1,997	1,991	2,020	2,015	1,947	1,890	1,782	1,833	1,898	1,884	1,998	1,965	1,842	1,832	1,816	1,816	1,823	1,790	1,794	1,714	1,667	1,545	1,342	1,216	1,110	1,256	1,285	1,326	0	0	0
Advertising and marketing
3,125	3,283	3,203	3,053	3,055	2,995	2,975	2,936	2,768	2,721	2,829	2,798	2,670	2,614	2,451	2,426	2,491	2,428	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance
236	266	530	1,124	1,034	1,171	1,223	1,225	1,261	1,239	1,084	1,237	1,498	1,789	2,212	2,349	2,359	2,382	2,416	2,385	2,357	2,400	2,361	2,410	2,489	2,442	2,503	2,522	2,498	2,553	2,551	2,499	2,725	3,192	3,672	4,221	0	0	0
Other real estate owned provision and expense
-5,588	-5,490	-5,247	-3,865	-4,156	-4,324	-3,792	-4,011	-4,523	-4,500	-5,043	-4,603	-3,244	-2,879	-2,900	-3,316	-3,600	-3,533	-3,474	-2,892	-2,876	-3,897	-4,188	-4,386	-4,820	-5,154	-6,510	-6,728	-6,316	-5,267	-6,778	-7,120	-8,548	-8,604	-5,081	-4,222	0	0	0
Repossession expense
800	1,042	1,113	1,025	1,217	1,249	1,173	1,196	1,119	911	942	945	1,142	1,156	1,229	1,304	1,136	1,265	1,592	1,567	1,533	1,508	1,203	1,165	1,430	1,522	0	0	0	-	-	-	-	-	-	-	-	-	-
Amortization expenses related to the investments in low income housing and other community related limited partnerships.
3,533	3,422	3,390	3,254	2,804	2,527	2,430	2,426	2,314	2,419	2,359	2,300	2,693	2,623	2,656	3,141	2,862	2,580	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noninterest expense
12,513	12,539	12,522	12,309	15,537	15,558	15,599	15,678	11,962	11,901	11,928	11,822	12,101	12,077	11,836	12,036	11,859	11,780	10,207	10,818	11,178	11,980	19,736	19,669	19,933	19,909	13,719	14,233	14,565	16,053	13,809	14,604	15,587	15,699	19,393	18,357	0	0	0
Total noninterest expense
117,396	118,258	117,167	115,391	117,800	117,398	116,962	115,788	110,915	109,878	109,147	108,902	108,528	107,126	105,899	106,746	105,867	105,443	107,684	106,013	104,956	105,999	110,354	110,082	110,813	110,251	105,720	105,942	104,103	103,554	102,578	102,592	105,590	106,387	103,518	101,346	0	0	0
Income before income taxes
59,949	71,992	71,937	73,314	71,148	70,542	68,864	69,288	70,989	68,511	68,469	66,430	65,972	66,464	66,903	64,314	65,329	64,963	61,789	62,674	63,710	62,397	60,698	63,368	62,522	65,172	67,645	64,296	65,063	65,087	64,730	65,273	60,543	55,638	53,378	49,742	0	0	0
Income taxes
3,769	7,452	7,696	8,236	12,795	11,314	10,433	13,200	14,959	17,018	20,022	19,434	18,951	19,118	19,553	18,054	18,233	18,531	17,235	18,418	19,661	19,146	18,682	19,623	19,030	20,000	20,678	19,773	20,250	20,225	20,532	20,619	19,151	16,811	15,989	14,465	0	0	0
Net income
56,180	64,540	64,241	65,078	58,353	59,228	58,431	56,088	56,030	51,493	48,447	46,996	47,021	47,346	47,350	46,260	47,096	46,432	44,554	44,256	44,049	43,251	42,016	43,745	43,492	45,172	46,967	44,523	44,813	44,862	44,198	44,654	41,392	38,827	37,389	35,277	0	0	0
Other comprehensive income:
Unrealized holding gains on securities available-for-sale:
Unrealized holding gains arising during the period
10,293	14,270	19,621	14,562	6,229	-5,393	-12,873	-10,874	-7,433	-820	-8,105	-9,957	-9,266	-4,578	1,883	7,720	14	-342	6,811	1,339	13,295	13,928	3,668	4,696	-23,212	-31,878	-27,436	-23,118	4,589	4,973	11,598	12,843	0	-	0	0	-	-	-
Less: Reclassification adjustments for realized gains included in net income
483	3	-966	-966	-969	-821	164	214	230	73	58	468	446	522	274	-172	-182	-106	-214	-192	-127	-211	69	58	15	-45	31	-811	0	-	0	0	-	-	0	0	-	-	-
Tax expense
2,550	3,403	4,776	3,583	1,512	-960	-3,166	-2,836	-1,891	-312	-2,857	-3,649	-3,399	-1,785	563	2,762	68	-83	2,357	458	4,656	4,949	1,340	1,695	-8,088	-11,142	-9,710	-8,206	1,202	1,336	2,323	2,587	2,248	3,378	0	0	0	-	-
Unrealized holding gains (losses) on securities available-for-sale, net of tax
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Implementation of ASU 2016-01
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income, net of tax
7,260	10,864	15,811	11,945	5,686	-3,612	-9,871	-8,252	-5,772	-581	-5,306	-6,776	-6,313	-3,315	1,046	5,130	128	-153	4,378	851	8,646	9,190	2,487	3,149	-15,019	-20,691	-18,031	-15,240	2,232	2,482	4,311	4,803	4,173	6,272	0	0	0	-	-
Comprehensive income
63,440	75,404	80,052	77,023	64,039	55,616	48,560	47,836	50,258	50,912	43,141	40,220	40,708	44,031	48,396	51,390	47,224	46,279	48,932	45,107	52,695	52,441	44,503	46,894	28,473	24,481	28,936	29,283	47,045	47,344	48,509	49,457	45,565	45,099	45,921	42,112	0	0	0
Basic earnings per share (in dollars per share)
0.37	0.91	0.86	1.03	0.84	0.89	0.91	0.66	0.89	0.85	0.78	0.65	0.64	0.68	0.70	0.66	0.66	0.68	0.64	0.71	0.63	0.58	0.63	0.70	0.59	0.43	0.74	0.70	0.76	0.42	0.66	0.79	0.77	0.64	0.70	0.59	0.61	0.55	0.56
Diluted earnings per share (in dollars per share)
0.37	0.91	0.86	1.03	0.84	0.89	0.91	0.66	0.89	0.85	0.78	0.65	0.64	0.68	0.70	0.66	0.66	0.68	0.64	0.71	0.63	0.58	0.63	0.70	0.58	0.44	0.73	0.69	0.76	0.41	0.66	0.79	0.77	0.64	0.70	0.58	0.61	0.55	0.56
Weighted average shares outstanding-basic (in shares)
17,752	17,737	17,726	17,721	17,712	17,699	17,691	17,687	17,671	17,650	17,633	17,626	17,615	17,595	17,554	17,530	17,513	17,463	17,440	17,421	17,400	17,352	17,326	17,318	17,308	18,818	17,154	17,121	15,539	21,703	15,491	15,451	15,407	45,903	15,318	15	15	15	15
Weighted average shares outstanding-diluted (in shares)
17,763	17,761	17,743	17,733	17,723	17,712	17,710	17,703	17,687	17,676	17,653	17,645	17,638	17,620	17,569	17,542	17,533	17,525	17,491	17,465	17,451	17,390	17,402	17,393	17,403	18,906	17,257	17,205	15,592	21,780	15,555	15,501	15,456	46,086	15,339	15	15	15	15
Cash dividends declared (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.33	0.32	0.32	0.32	0.32	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.30	0.29	0.29	0.26	0.29	0.28	0.31	0.20	0.31	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.30