$CTBI
COMMUNITY TRUST BANCORP INC /KY/

2022 Q3 Form 10-Q Financial Statement

#000114036122028565 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $51.41M $45.35M $43.53M
YoY Change 12.42% 3.37% -1.55%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.283M $1.274M $1.286M
YoY Change -1.31% 6.17% -1.08%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $7.869M $4.562M $3.495M
YoY Change 111.99% 17.94% -11.94%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $24.33M $25.24M $24.76M
YoY Change -7.29% -16.68% -17.48%
Income Tax $4.954M $4.965M $5.035M
% Of Pretax Income 20.37% 19.67% 20.33%
Net Earnings $19.37M $20.27M $19.73M
YoY Change -8.37% -15.29% -16.47%
Net Earnings / Revenue 37.69% 44.7% 45.32%
Basic Earnings Per Share $1.09 $1.14 $1.11
Diluted Earnings Per Share $1.085M $1.14 $1.11
COMMON SHARES
Basic Shares Outstanding 17.90M 17.84M 17.82M
Diluted Shares Outstanding 17.86M 17.84M 17.83M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $259.6M $213.7M $164.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $53.72M $40.70M $52.68M
YoY Change 2.33% -23.34% -2.08%
Goodwill $65.50M $65.50M $65.50M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $46.44M $31.85M $19.57M
YoY Change 15378.33%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.474B $5.447B $5.443B
YoY Change 1.65% -0.85% 1.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.501M $1.863M $1.306M
YoY Change 38.94% 16.44% -6.71%
Accrued Expenses $12.64M $11.07M $11.38M
YoY Change 7.08% -8.52% -5.95%
Deferred Revenue
YoY Change
Short-Term Debt $230.6M $239.2M $255.1M
YoY Change -21.15% -35.53% -28.07%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.73M $12.93M $12.69M
YoY Change 0.98% -5.61% -6.03%
LONG-TERM LIABILITIES
Long-Term Debt $58.70M $59.25M $59.26M
YoY Change -1.01% -0.08% -0.07%
Other Long-Term Liabilities $35.25M $30.59M $34.02M
YoY Change 10.5% -23.14% -5.23%
Total Long-Term Liabilities $93.95M $89.84M $93.28M
YoY Change 3.02% -9.34% -2.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.73M $12.93M $12.69M
Total Long-Term Liabilities $93.95M $89.84M $93.28M
Total Liabilities $4.872B $4.815B $4.790B
YoY Change 3.79% 0.11% 1.95%
SHAREHOLDERS EQUITY
Retained Earnings $424.0M $412.5M
YoY Change
Common Stock $318.0M $228.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $602.6M $632.1M $653.4M
YoY Change
Total Liabilities & Shareholders Equity $5.474B $5.447B $5.443B
YoY Change 1.65% -0.85% 1.55%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $19.37M $20.27M $19.73M
YoY Change -8.37% -15.29% -16.47%
Depreciation, Depletion And Amortization $1.283M $1.274M $1.286M
YoY Change -1.31% 6.17% -1.08%
Cash From Operating Activities $26.23M $18.83M $27.35M
YoY Change 118.6% -50.7% -13.72%
INVESTING ACTIVITIES
Capital Expenditures -$2.047M -$1.190M -$1.072M
YoY Change 241.17% 495.0% 168.0%
Acquisitions
YoY Change
Other Investing Activities -$24.18M $9.692M -$234.2M
YoY Change -83.35% -109.12% 50.23%
Cash From Investing Activities -$26.22M $8.502M -$235.3M
YoY Change -82.0% -107.98% 50.53%
FINANCING ACTIVITIES
Cash Dividend Paid $7.129M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 45.95M 21.85M 60.66M
YoY Change -140.7% -78.07% -71.05%
NET CHANGE
Cash From Operating Activities 26.23M 18.83M 27.35M
Cash From Investing Activities -26.22M 8.502M -235.3M
Cash From Financing Activities 45.95M 21.85M 60.66M
Net Change In Cash 45.96M 49.18M -147.3M
YoY Change -118.64% 57.63% -273.46%
FREE CASH FLOW
Cash From Operating Activities $26.23M $18.83M $27.35M
Capital Expenditures -$2.047M -$1.190M -$1.072M
Free Cash Flow $28.28M $20.02M $28.42M
YoY Change 124.44% -47.86% -11.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
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dei City Area Code
CityAreaCode
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FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
5018000
CY2022Q2 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
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CY2021Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
2447000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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8224000
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
5954000
CY2021Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
16625000
ctbi Financing Receivables Past Due Period After Which Loans Must Be Well Secured And In Process Of Collection To Continue Accruing Interest
FinancingReceivablesPastDuePeriodAfterWhichLoansMustBeWellSecuredAndInProcessOfCollectionToContinueAccruingInterest
P90D
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NotesReceivableGross
3558443000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3408813000
CY2022Q2 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
4300000
CY2021Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
2300000
CY2022Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
CY2022Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
5867000
CY2022Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
CY2022Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
5867000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
16
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
8146000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
16
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
8144000
CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
23
CY2021 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
8789000
CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
23
CY2021 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
8864000
CY2021Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
CY2021Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
2515000
CY2021Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
CY2021Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
2456000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
2799000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
2740000
CY2022Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
37000
CY2021Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
52000
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2022Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2022Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2021Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
2
CY2021Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
1388000
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
2
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
1388000
CY2022Q2 ctbi Carrying Cost And Fair Value Adjustment For Foreclosed Properties1
CarryingCostAndFairValueAdjustmentForForeclosedProperties1
100000
CY2022Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
25000
CY2021Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-79000
us-gaap Gain Loss On Investments
GainLossOnInvestments
869000
us-gaap Gain Loss On Investments
GainLossOnInvestments
473000
CY2022Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2128000
CY2022Q2 us-gaap Servicing Asset
ServicingAsset
8220000
CY2022Q2 ctbi Collateral Dependent Loans Fair Value Disclosure
CollateralDependentLoansFairValueDisclosure
4418000
CY2022Q2 us-gaap Other Real Estate
OtherRealEstate
621000
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2253000
CY2021Q4 us-gaap Servicing Asset
ServicingAsset
6774000
CY2021Q4 ctbi Collateral Dependent Loans Fair Value Disclosure
CollateralDependentLoansFairValueDisclosure
1238000
CY2021Q4 us-gaap Other Real Estate
OtherRealEstate
1487000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2022Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
0
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
20271000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
23931000
us-gaap Net Income Loss
NetIncomeLoss
39999000
us-gaap Net Income Loss
NetIncomeLoss
47549000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17835000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17784000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17827000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17779000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
16000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
11000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
15000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17843000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17800000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17838000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17794000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.67
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.67
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
227000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
480000
ctbi Past Due Period After Which Loans Must Be Well Secured And In Process Of Collection To Continue Accruing Interest
PastDuePeriodAfterWhichLoansMustBeWellSecuredAndInProcessOfCollectionToContinueAccruingInterest
P90D
ctbi Period Of Current Principal And Interest Payments For Reclassifying Nonaccrual Loans As Accruing Loans
PeriodOfCurrentPrincipalAndInterestPaymentsForReclassifyingNonaccrualLoansAsAccruingLoans
P6M

Files In Submission

Name View Source Status
ctbi-20220630_cal.xml Edgar Link unprocessable
ctbi-20220630_def.xml Edgar Link unprocessable
ctbi-20220630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ctbi-20220630_lab.xml Edgar Link unprocessable
0001140361-22-028565-index-headers.html Edgar Link pending
0001140361-22-028565-index.html Edgar Link pending
0001140361-22-028565.txt Edgar Link pending
0001140361-22-028565-xbrl.zip Edgar Link pending
brhc10040403_10q.htm Edgar Link pending
brhc10040403_ex31-1.htm Edgar Link pending
brhc10040403_ex31-2.htm Edgar Link pending
brhc10040403_ex32-1.htm Edgar Link pending
brhc10040403_10q_htm.xml Edgar Link completed
brhc10040403_ex32-2.htm Edgar Link pending
ctbi-20220630.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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