Community Trust Bancorp, Inc. Reports Net Charge-Offs for the Three Months Ended December 31, 2020
January 20, 2021 at 01:15 pm
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Community Trust Bancorp, Inc. reported net charge-offs for the three months ended December 31, 2020. For the quarter, the company reported net charge-offs of $920,000 against $1,528,000 reported for the same period a year ago.
Community Trust Bancorp, Inc. (CTBI) is a bank holding company. CTBI owns all the capital stock of one commercial bank and one trust company, serving small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, southern West Virginia, and northeastern Tennessee. The commercial bank is Community Trust Bank, Inc., Pikeville, Kentucky (CTB) and the trust company is Community Trust and Investment Company, Lexington, Kentucky. CTBI is engaged in a range of 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. The lending activities of CTB include making commercial, construction, mortgage and personal loans.
COMMUNITY TRUST BANCORP, INC. 
