Financial Performance - Community Trust Bancorp, Inc. reported earnings of $20.3 million, or $1.14 per basic share, for Q2 2022, an increase from $19.7 million in Q1 2022 but a decrease from $23.9 million in Q2 2021[238]. - Net interest income for Q2 2022 was $40.8 million, up $0.8 million from the prior quarter and the same quarter last year, while noninterest income decreased by $1.0 million year-over-year to $14.5 million[238][244]. - Noninterest income for Q2 2022 was $14.5 million, a decrease of $0.5 million (3.1%) from the prior quarter and $1.0 million (6.6%) from the same quarter last year[253]. - Noninterest expense for Q2 2022 was $30.0 million, an increase of $0.6 million (2.1%) from the prior quarter and $0.5 million (1.6%) from the same quarter last year[255]. - The provision for credit losses for Q2 2022 was $0.1 million, compared to $0.9 million in Q1 2022 and a recovery of $4.3 million in Q2 2021[239]. Assets and Liabilities - Total consolidated assets as of June 30, 2022, were $5.4 billion, with total consolidated deposits of $4.7 billion and shareholders' equity of $632.1 million[235]. - The loan portfolio increased by $42.9 million, an annualized growth rate of 4.9%, during the quarter, and $149.6 million, or 8.9%, from December 31, 2021[240]. - Total assets as of June 30, 2022, were $5.4 billion, an increase of $4.2 million (annualized 0.3%) from March 31, 2022[256]. - Loans outstanding at June 30, 2022, were $3.6 billion, an increase of $42.9 million (annualized 4.9%) from March 31, 2022[256]. - Shareholders' equity at June 30, 2022, was $632.0 million, a decrease of $21.3 million (annualized 13.1%) from March 31, 2022, due to unrealized losses on the securities portfolio[257]. Credit Quality - Nonperforming loans slightly increased to $13.8 million at June 30, 2022, from $13.7 million at March 31, 2022, but decreased from $16.6 million at December 31, 2021[242]. - The provision for credit losses for Q2 2022 was $0.1 million, compared to $0.9 million in Q1 2022, and a recovery of $4.3 million in Q2 2021, with a reserve coverage of 305.9%[252]. - Net loan charge-offs were $42 thousand for Q2 2022, less than 0.01% of average loans annualized, compared to $0.3 million (0.04%) in Q1 2022[267]. - Total nonperforming loans slightly increased to $13.8 million at June 30, 2022, compared to $13.7 million at March 31, 2022, but decreased from $16.6 million at December 31, 2021[262]. Deposits and Funding - Deposits, including repurchase agreements, rose by $28.7 million, an annualized increase of 2.5%, during the quarter, and $96.3 million, or 4.2%, from December 31, 2021[243]. - Total deposits and repurchase agreements increased to $4,711,661 thousand in Q2 2022, a 0.6% increase compared to Q1 2022 and a 2.1% increase compared to YE 2021[260]. - Non-interest bearing deposits rose to $1,408,148 thousand, reflecting a 0.7% increase from Q1 2022 and a 5.8% increase from YE 2021[260]. Capital and Dividends - Shareholders' equity declined by $21.3 million, an annualized decrease of 13.1%, during the quarter due to unrealized losses on the securities portfolio[243]. - The Board of Directors declared a quarterly cash dividend of $0.44 per share, representing a 10% increase from the previous dividend of $0.40 per share[268]. - The annualized dividend yield to shareholders as of June 30, 2022, was 3.96%[257]. Interest Rate and Economic Impact - The Federal Open Market Committee raised the target federal funds rate three times in 2022, positively impacting the company's net interest margin[248]. - The net interest margin for Q2 2022 was 3.20%, a slight increase from 3.19% in Q1 2022 and 3.11% in Q2 2021[248]. - CTBI's financial results are significantly impacted by its ability to react to changes in interest rates, maintaining a balanced position between interest-sensitive assets and liabilities[280]. - Inflation affects the growth of assets in the banking industry, necessitating an increase in equity capital to maintain an appropriate equity-to-assets ratio[279]. Risk Management and Valuation - CTBI's allowance for credit losses (ACL) is based on ongoing assessments of loan collectability, considering historical credit loss experience and current economic conditions[289]. - The reserve for unfunded commitments is maintained to absorb estimated expected credit losses related to unfunded credit facilities[298]. - CTBI's methodology for determining the ACL requires significant management judgment, particularly in evaluating expected credit losses based on various risk factors[291]. - Fair value measurements significantly impact the carrying value of financial assets and liabilities, with potential material changes in consolidated financial statements[304]. - CTBI's fair value determination involves subjective estimates related to cash flows and discount rates, impacting the overall valuation process[302]. COVID-19 Response - CTBI has instituted programs to support customers and employees during the COVID-19 pandemic, including loan modifications and fee waivers[281]. Capital Adequacy - As of June 30, 2022, CTBI's Community Bank Leverage Ratio (CBLR) was 13.14%, while CTB's CBLR was 12.55%, indicating both are well-capitalized under applicable guidelines[277]. - The CBLR requirement was temporarily reduced to 8% in 2020, increased to 8.5% in 2021, and returned to 9% in 2022[277]. - CTBI has repurchased a total of 2,465,294 shares through its stock repurchase program since its inception[283].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 001-31220 COMMUNITY TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-0979818 ...

Financial Performance - Community Trust Bancorp, Inc. reported net income of $87.9 million, or $4.94 per basic share, for the year ended December 31, 2021, compared to $59.5 million, or $3.35 per basic share, for the year ended December 31, 2020, representing a 47.8% increase [159]. - Basic earnings per share for 2021 were $4.94, exceeding the goal range of $3.76 - $3.92 [158]. - The company aims for 2022 goals of net income between $74.1 million and $77.1 million, and basic earnings per share between $4.15 and $4.31 [158]. - Net income for the year ended December 31, 2021, was $87,939 thousand, representing an increase from the previous year's net income of $59,504 thousand [257]. - Basic earnings per share rose to $4.94, up from $3.35, reflecting an increase of approximately 47.4% [255]. Income and Expenses - Noninterest income for the year ended December 31, 2021, was $60.5 million, an increase of $5.9 million, or 10.8%, compared to the previous year [164]. - Total noninterest expense remained relatively flat at $119.3 million for the year ended December 31, 2021, with a slight increase in personnel expenses offset by decreases in taxes and legal fees [180]. - The company experienced a net recovery of loan losses of $0.1 million for the year ended December 31, 2021, compared to net charge-offs of $6.2 million for the previous year [162]. - The provision for credit losses for 2021 was a recovery of $6.4 million, compared to a provision of $16.0 million in 2020 [177]. Assets and Liabilities - Total consolidated assets at December 31, 2021, were $5.4 billion, with total consolidated deposits of $4.6 billion, reflecting a $243.4 million, or 5.6%, increase from December 31, 2020 [155][164]. - Total assets increased to $5,418,257, up from $5,139,141 in 2020, representing a growth of approximately 5.4% [252]. - Total liabilities increased to $4,720,055 from $4,484,276, representing a growth of about 5.3% [252]. - Shareholders' equity rose to $698.2 million, a 6.6% increase from $654.9 million at the end of 2020, with an annualized dividend yield of 3.67% [184]. Loans and Credit Quality - The loan portfolio decreased by $145.4 million, or 4.1%, from December 31, 2020, while loans excluding PPP loans increased by $59.9 million during the year [162]. - Nonperforming loans decreased by $10.0 million, or 37.4%, to $16.6 million at December 31, 2021 [163]. - The allowance for credit losses improved to $(41,756) from $(48,022), indicating a reduction in provisions by about 13.1% [252]. - Nonperforming assets to loans and foreclosed properties were 0.6% as of December 31, 2021, compared to 1.0% at the end of 2020, indicating an improvement in asset quality [193]. Investment and Securities - The investment portfolio increased by $457.9 million, or 45.8%, from December 31, 2020 [182]. - The total available-for-sale securities amounted to $1.461 billion, with a fair value of $1.455 billion as of December 31, 2021 [322]. - The percentage of total debt securities with unrealized losses rose significantly to 72.4% as of December 31, 2021, compared to 16.2% as of December 31, 2020 [329]. - The fair value adjustment in equity securities resulted in a gain of $218 million, contrasting with a loss of $(518) million in the previous year [258]. Capital Management - The company retained 68.2% of its earnings in 2021, up from 54.3% in 2020 [220]. - The stock repurchase program has repurchased a total of 2,465,294 shares, with 1,034,706 shares remaining under the current authorization [229]. - CTBI's community bank leverage ratio (CBLR) as of December 31, 2021 was 13.00%, indicating a strong capital position [222]. - The total capital surplus as of December 31, 2021, was $227,085 thousand, reflecting a slight increase from $225,507 thousand in 2020 [257]. Risk Management and Credit Losses - CTBI maintains an Allowance for Credit Losses (ACL) based on ongoing assessments, considering historical credit loss experience and current market conditions [236]. - The reserve for unfunded commitments is maintained to absorb estimated expected credit losses related to unfunded credit facilities [244]. - CTBI's expected credit loss models are based on historical credit loss experience and macroeconomic conditions, with forecasts considered reasonable for up to one year [241]. - The company utilizes an internal risk grading system for commercial credits, with loans of $1 million or greater subject to individual evaluation [282]. Tax and Regulatory Compliance - The effective income tax rate for 2021 was 21%, up from 15% in 2020, due to changes in Kentucky tax legislation [159]. - Income tax liabilities and assets are established based on current year taxes payable or refundable, involving estimates and assumptions [249]. - CTBI does not engage in material hedging or derivative activities, with interest rate sensitivity analyzed in the financial condition discussion [251].

Financial Performance - Community Trust Bancorp, Inc. reported third quarter 2021 earnings of $21.1 million, or $1.19 per basic share, compared to $23.9 million, or $1.35 per basic share in the previous quarter, and $17.4 million, or $0.98 per basic share in the same quarter last year [225]. - Noninterest income for the quarter was $14.4 million, a decrease of $1.1 million, or 7.3%, from the previous quarter and $0.5 million, or 3.5%, from the same quarter last year [232]. - Total noninterest expense for Q3 2021 was $30.3 million, an increase of $0.8 million, or 2.8%, from the prior quarter [246]. - Shareholders' equity increased to $691.6 million at September 30, 2021, up $7.6 million from June 30, 2021 [249]. - Cash dividends were $1.170 per share for the nine months ended September 30, 2021, compared to $1.145 per share for the same period in 2020 [264]. Income and Expenses - Net interest income for the third quarter 2021 was $42.0 million, an increase of $2.0 million, or 5.0%, from the previous quarter and $4.3 million, or 11.5%, from the same quarter last year [226]. - The net interest margin for the third quarter 2021 was 3.23%, an increase of 12 basis points from the previous quarter and 7 basis points from the same quarter last year [238]. - The average yield on earning assets was 3.52% for the nine months ended September 30, 2021, down from 3.99% in the same period last year, a decrease of 11.9% [236]. Loan Portfolio - The loan portfolio decreased by $50.3 million, an annualized 5.8%, during the quarter, but loans excluding PPP loans increased by $26.6 million [228]. - Total loans amounted to $3,398,229 thousand, reflecting a decrease of 4.4% compared to the prior year [251]. - Loans outstanding were $3.4 billion, a decrease of $50.3 million, or 5.8% annualized, from June 30, 2021 [247]. - The ratio of average loans to deposits was 73.1% for Q3 2021, down from 75.0% in Q2 2021 and 82.8% in Q3 2020 [241]. Credit Quality - The provision for credit losses showed a recovery of $0.2 million during the quarter, reflecting improved credit metrics [227]. - Nonperforming loans decreased to $18.7 million at September 30, 2021, down from $21.1 million at June 30, 2021, and $26.6 million from December 31, 2020 [230]. - Nonperforming loans were $18.7 million, or 0.55% of total loans, down from $21.1 million, or 0.61% at the end of the previous quarter [252]. - Net loan charge-offs for the quarter were $0.3 million, or 0.04% of average loans annualized, compared to a net recovery of $0.6 million in the prior quarter [258]. Assets and Deposits - Total consolidated assets as of September 30, 2021, were $5.4 billion, with total consolidated deposits of $4.6 billion [222]. - Total deposits and repurchase agreements were $4,588,258 thousand, a decrease of 2.3% from the previous quarter [251]. - The investment portfolio increased by $168.1 million, or 49.0% annualized, from June 30, 2021 [247]. - The total interest-bearing deposits and repurchase agreements were $3,270,100 thousand, a decrease of 4.0% from the previous quarter [251]. Capital and Liquidity - CTBI's community bank leverage ratio (CBLR) as of September 30, 2021, was 12.71%, indicating a strong capital position [267]. - As of September 30, 2021, CTBI had approximately $207.8 million in cash and cash equivalents and approximately $1.5 billion in securities available for liquidity needs, compared to $338.2 million and $997.3 million at December 31, 2020 [260]. - The reserve coverage for credit losses was 220.0% at September 30, 2021, compared to 197.2% at June 30, 2021 [242]. Risk Management - The company has a robust loan portfolio risk management process, including weekly and monthly reviews of delinquent loans [252]. - CTBI maintains an allowance for credit losses (ACL) to cover estimated credit losses on individually evaluated loans and the remainder of the loan and lease portfolio [290]. - The internal risk grading system evaluates commercial credits with outstanding bank share balances of $1 million or greater [291]. Market Conditions - A 200 basis point increase in the yield curve is estimated to increase net interest income by 3.94% over one year and 5.53% over two years [300]. - A 25 basis point decrease in the yield curve would decrease net interest income by an estimated 0.62% over one year and 1.49% over two years [300]. - Historical loss rates for loans are adjusted for significant factors reflecting current conditions, including delinquency trends and economic conditions [296]. Foreclosures and Properties - The level of foreclosed properties decreased to $4.3 million, down $1.5 million from the previous quarter [254]. - Sales of foreclosed properties for the nine months ended September 30, 2021, totaled $3.6 million, while new foreclosures totaled $0.9 million [254]. - Foreclosed properties are booked at the current fair market value less expected sales costs, with periodic appraisals typically conducted every 12 to 24 months [297].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ | --- | --- | |-------------------------------------------------------------------------------------------------------------------------|-- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 001-31220 COMMUNITY TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-0979818 ...

[PART I](index=4&type=section&id=PART%20I) [Business](index=4&type=section&id=Item%201.%20Business) CTBI is a $5.1 billion bank holding company providing banking and wealth management services in KY, WV, and TN Financial Snapshot (as of December 31, 2020) | Metric | Value | | :--- | :--- | | Total Consolidated Assets | $5.1 billion | | Total Consolidated Deposits | $4.4 billion | | Total Shareholders' Equity | $654.9 million | | Trust Assets Under Management | $2.8 billion | - CTBI is a bank holding company owning **one commercial bank and one trust company**, serving communities in Kentucky, West Virginia, and Tennessee[19](index=19&type=chunk) - The company offers a wide range of services including commercial and personal banking, cash management, and wealth management[21](index=21&type=chunk) - As of December 31, 2020, CTBI employed **998 full-time equivalent employees**, with females comprising 75% of the workforce[33](index=33&type=chunk) - The company is **well-capitalized under the Community Bank Leverage Ratio (CBLR) framework**, with a ratio of 12.70% as of December 31, 2020[46](index=46&type=chunk) [Risk Factors](index=7&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant credit, operational, and economic risks concentrated in its primary operating markets - Financial performance is highly dependent on the economic conditions of its primary markets, which have been disrupted by the COVID-19 pandemic[50](index=50&type=chunk)[52](index=52&type=chunk) - The loan portfolio has **concentrations in higher-risk segments**, including commercial real estate (21%), hotel/motel (7%), and consumer indirect auto loans (17%)[69](index=69&type=chunk)[70](index=70&type=chunk)[72](index=72&type=chunk) - The company faces significant interest rate risk and must manage the **transition from LIBOR**, affecting over $200 million in financial instruments[63](index=63&type=chunk) - The COVID-19 pandemic poses multifaceted risks, with **3,844 loan deferrals totaling $992 million** processed through year-end 2020[125](index=125&type=chunk)[131](index=131&type=chunk) - Participation in the **SBA's Paycheck Protection Program (PPP)** exposes the company to potential litigation and credit risk if loan guarantees are denied[142](index=142&type=chunk)[144](index=144&type=chunk) [Unresolved Staff Comments](index=19&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved comments from the Securities and Exchange Commission staff - None[145](index=145&type=chunk) [Selected Statistical Information](index=20&type=section&id=Selected%20Statistical%20Information) This section details the company's financial condition and performance from 2018-2020 through various statistical tables Net Interest Income and Margin (2018-2020) | Year | Net Interest Income (Tax Equivalent) | Net Interest Margin | | :--- | :--- | :--- | | 2020 | $151.7 million | 3.33% | | 2019 | $145.7 million | 3.60% | | 2018 | $143.1 million | 3.66% | Loan Portfolio Composition (December 31, 2020) | Loan Category | Amount (in thousands) | % of Total | | :--- | :--- | :--- | | Total Commercial | $1,893,527 | 53.27% | | Total Residential | $888,329 | 24.99% | | Total Consumer | $772,355 | 21.74% | | **Total Loans** | **$3,554,211** | **100.00%** | Nonperforming Assets Trend (2018-2020) | (in thousands) | 2020 | 2019 | 2018 | | :--- | :--- | :--- | :--- | | Total nonperforming loans | $26,577 | $33,619 | $22,065 | | Foreclosed properties | $7,694 | $19,480 | $27,273 | | **Total nonperforming assets** | **$34,271** | **$53,099** | **$49,380** | | Nonperforming assets to total loans & foreclosed properties | 0.96% | 1.62% | 1.53% | - The **Allowance for Credit Losses (ACL) increased to $48.0 million** in 2020, driven by a $16.0 million provision and a $3.0 million CECL adoption adjustment[174](index=174&type=chunk) [Properties](index=34&type=section&id=Item%202.%20Properties) The company operates from 80 locations, the majority of which are owned properties - As of December 31, 2020, the company operated from **80 total locations**, with 71 being owned and 9 being leased[187](index=187&type=chunk)[189](index=189&type=chunk) [Legal Proceedings](index=36&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in ordinary course legal actions that are not expected to have a material financial impact - Management believes that any pending legal actions will not have a material effect on the company's financial condition[193](index=193&type=chunk) [Mine Safety Disclosures](index=36&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations - Not applicable[194](index=194&type=chunk) [Information about our Executive Officers](index=37&type=section&id=Information%20about%20our%20Executive%20Officers) This section lists the company's executive officers, their positions, and their tenure - A table lists the executive officers of CTBI, including their names, ages, positions, and tenure, with **Jean R. Hale serving as Chairman, President, and CEO**[197](index=197&type=chunk) [PART II](index=38&type=section&id=PART%20II) [Market for the Registrant's Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities](index=38&type=section&id=Item%205.%20Market%20for%20the%20Registrant's%20Common%20Equity,%20Related%20Shareholder%20Matters,%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's stock (CTBI) trades on NASDAQ, with increased dividends and share repurchases in 2020 - The **annual dividend was increased to $1.53 per share** in 2020, with a payout ratio of 45.7%[201](index=201&type=chunk) - CTBI **repurchased 32,664 shares** of its common stock in 2020, with 1,034,706 shares remaining under its repurchase authorization[203](index=203&type=chunk) 5-Year Cumulative Total Return Comparison (Investment of $100 on Dec 31, 2015) | Index | 2020 Value | | :--- | :--- | | Community Trust Bancorp, Inc. | $124.15 | | NASDAQ Stock Market (U.S.) | $206.32 | | NASDAQ Bank Stocks | $149.83 | [Selected Financial Data 2016-2020](index=40&type=section&id=Item%206.%20Selected%20Financial%20Data%202016-2020) This section presents a five-year summary of key financial data, showing asset growth but declining profitability in 2020 Selected Financial Highlights (2019 vs. 2020) | (in thousands except per share data and ratios) | 2020 | 2019 | | :--- | :--- | :--- | | Net Income | $59,504 | $64,540 | | Diluted Earnings Per Share | $3.35 | $3.64 | | Total Assets (Year-End) | $5,139,141 | $4,366,003 | | Return on Average Assets (ROAA) | 1.23% | 1.49% | | Return on Average Equity (ROAE) | 9.36% | 10.84% | | Net Interest Margin (Tax Equivalent) | 3.33% | 3.60% | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=42&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses 2020 performance, highlighting balance sheet growth alongside decreased net income due to higher credit loss provisions - **Net income for 2020 was $59.5 million**, a decrease from $64.5 million in 2019, primarily due to an $11.2 million increase in the provision for credit losses[230](index=230&type=chunk)[232](index=232&type=chunk) - The company actively participated in COVID-19 relief, closing **2,962 PPP loans totaling $277.0 million** and processing loan deferrals totaling $992 million[224](index=224&type=chunk)[238](index=238&type=chunk) - Asset quality **improved significantly in 2020**, with nonperforming assets decreasing by 35.5% to $34.3 million[235](index=235&type=chunk) - The company adopted the **CECL accounting standard** on January 1, 2020, increasing the allowance for credit losses by $3.0 million[228](index=228&type=chunk)[387](index=387&type=chunk) - CTBI remains well-capitalized, with a **Community Bank Leverage Ratio (CBLR) of 12.70%** as of December 31, 2020[277](index=277&type=chunk) Balance Sheet Growth (Year-over-Year) | Metric | Dec 31, 2020 | % Change from 2019 | | :--- | :--- | :--- | | Total Assets | $5.1 billion | +17.7% | | Total Loans | $3.6 billion | +9.4% | | Total Deposits | $4.4 billion | +20.4% | [Quantitative and Qualitative Disclosures about Market Risk](index=57&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company does not use material hedging or derivatives and refers to Item 7 for its interest rate risk analysis - The company does not engage in material hedging or derivative activity, with interest rate sensitivity analysis provided in Item 7[308](index=308&type=chunk) [Financial Statements and Supplementary Data](index=58&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section contains the company's audited consolidated financial statements and the independent auditor's report for 2020 Consolidated Balance Sheet Highlights (in thousands) | Account | Dec 31, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | Total Assets | $5,139,141 | $4,366,003 | | Net Loans | $3,506,189 | $3,213,568 | | Total Deposits | $4,016,082 | $3,405,572 | | Total Shareholders' Equity | $654,865 | $614,886 | Consolidated Income Statement Highlights (in thousands) | Account | 2020 | 2019 | 2018 | | :--- | :--- | :--- | :--- | | Net Interest Income | $150,991 | $144,885 | $142,155 | | Provision for Credit Losses | $16,047 | $4,819 | $6,167 | | Net Income | $59,504 | $64,540 | $59,228 | - The Notes to Financial Statements detail the **adoption of the CECL accounting standard** (ASU 2016-13) effective January 1, 2020[381](index=381&type=chunk) - The independent auditor's report from BKD, LLP, issued an **unqualified opinion** on the financial statements and internal controls[626](index=626&type=chunk)[627](index=627&type=chunk)[633](index=633&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=131&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants - None[648](index=648&type=chunk) [Controls and Procedures](index=131&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls, procedures, and internal controls were effective as of year-end 2020 - Management concluded that **disclosure controls and procedures were effective** as of December 31, 2020[649](index=649&type=chunk) - Management concluded that the company's **internal control over financial reporting was effective** as of December 31, 2020[657](index=657&type=chunk) [Other Information](index=133&type=section&id=Item%209B.%20Other%20Information) The company reports no other information required under this item - None[661](index=661&type=chunk) [PART III](index=133&type=section&id=PART%20III) [Directors, Executive Officers, Corporate Governance, Compensation, and Principal Accountant Fees](index=133&type=section&id=Item%2010,%2011,%2012,%2013,%2014) Required information on governance and compensation is incorporated by reference from the company's proxy statement - Information required by Items 10-14 is **incorporated by reference from the Registrant's Proxy Statement** for the 2021 Annual Meeting[13](index=13&type=chunk)[663](index=663&type=chunk)[664](index=664&type=chunk) [PART IV](index=134&type=section&id=PART%20IV) [Exhibits and Financial Statement Schedules](index=134&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all financial statements, schedules, and exhibits filed as part of the Form 10-K report - This section lists all financial statements and exhibits filed, including the auditor's report, corporate documents, and management plans[672](index=672&type=chunk)[674](index=674&type=chunk) [Form 10-K Summary](index=137&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company has elected not to provide a Form 10-K summary - None[680](index=680&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 001-31220 COMMUNITY TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-0979 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 001-31220 COMMUNITY TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-0979818 ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 001-31220 COMMUNITY TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-0979818 ...