Community Trust Bancorp (Community Trust Bancorp) Credit Losses Provision

: $8.4 Mil (As of Dec. 2023)

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Community Trust Bancorp's credit losses provision for the three months ended in Dec. 2023 was $1.8 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $8.4 Mil.

Community Trust Bancorp's quarterly credit losses provision declined from Jun. 2023 ($2.0 Mil) to Sep. 2023 ($1.9 Mil) and declined from Sep. 2023 ($1.9 Mil) to Dec. 2023 ($1.8 Mil).

Community Trust Bancorp's annual credit losses provision increased from Dec. 2021 ($-6.4 Mil) to Dec. 2022 ($4.9 Mil) and increased from Dec. 2022 ($4.9 Mil) to Dec. 2023 ($6.8 Mil).

Community Trust Bancorp Credit Losses Provision Historical Data

The historical data trend for Community Trust Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Community Trust Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

4.82

16.05

-6.39

4.91

6.81

Community Trust Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision																1.12	2.01	1.87	1.82	2.66

Community Trust Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.4 Mil.

Community Trust Bancorp (Community Trust Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Community Trust Bancorp Inc (NAS:CTBI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

346 North Mayo Trail, P.O. Box 2947, Pikeville, KY, USA, 41502

Website

https://www.ctbi.com

Community Trust Bancorp Inc is a bank holding company. The Bank owns all the capital stock of one commercial bank and one trust company, serving small and mid-sized communities in eastern, north-eastern, central, and southcentral Kentucky, southern West Virginia, and north-eastern Tennessee. Through its subsidiaries, the Bank is engaged in 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.

Executives

James B Draughn	officer: Executive Vice President	C/O COMMUNITY TRUST BANCORP INC, PO BOX 2947, PIKEVILLE KY 41502-2947
Franky Minnifield	other: Director of Lead Bank	4809 CHAFFEY LANE, LEXINGTON KY 415020351
Ricky D Sparkman	officer: Executive Vice President	1218 E BROADWAY, CAMPBELLSVILLE KY 42718
Kevin J Stumbo	officer: Executive Vice President	C/O COMMUNITY TRUST BANK, INC., PO BOX 2947, PIKEVILLE KY 41502-2947
David Andrew Jones	officer: Executive Vice President	1544 WINCHESTER AVENUE, ASHLAND KY 41101
Farris Franklin H Jr	director	2008 HIGH RIDGE ROAD, LOUISVILLE KY 40207
Mark A Gooch	officer: EVP & Treasurer, other: Pres/CEO Community Trust Bank	PO BOX 2947, PIKEVILLE KY 41502-2947
Chad C Street	other: Director of Lead Bank	684 CEDAR CREEK ROAD, PIKEVILLE KY 41501-1432
M Lynn Parrish	director	PO BOX 2725, PIKEVILLE KY 41502-2725
Charles J Baird	director	P O BOX 351, PIKEVILLE KY 415020351
Billie J. Dollins	officer: Executive Officer	3205 PEPPERHILL ROAD, LEXINGTON KY 40502
James J Gartner	officer: Executive Vice President	PO BOX 2947, PIKEVILLE KY 41502-2947
Andy D Waters	officer: Executive Vice President	100 EAST VINE STREET, LEXINGTON KY 40507-1406
David I Tackett	officer: Executive Vice President	COMMUNITY TRUST BANK, INC., PO BOX 2974, PIKEVILLE KY 41502-2974
Richard W Newsom	officer: Executive Vice President	PO BOX 2947, PIKEVILLE KY 41502-2947