Community Trust Bank, Inc. is headquartered in Pikeville and is the 3rd largest bank in the state of Kentucky. It is also the 262nd largest bank in the nation. It was established in 1903 and as of December of 2021, it had grown to 923 employees at 79 locations. Community Trust Bank, Inc. has an A+ health rating.
Overall, it is a decent bank but I have been interested in switching several times. There are no outrageous fees and you are able to set up your checking account so that it is not possible to overdraw your account. Their app and online presence is below average. You are not able to do online deposits and it the username they give you is difficult to remember. Overall, it is only useful to checking account balances and seeing what in pending on your account. The main issue we have had a couple of times that have made me tempted to switch is they sometimes fail at fulfilling auto pay even though there is plenty of funds available. It has happened with a couple of companies that we have bills with and we have had to switch to paying manually. Honestly, the only reason we haven't switched is because a lot of the local banks around here have a lot of fees in comparison to Community Trust Bank.
|FDIC Certificate #||2720|
|Return on Assets - YTD||1.64%|
|Return on Equity - YTD||12.55%|
|Annual Interest Income||$177.7MM|
|Assets and Liabilities|
|Assets||Q4 2021vs Q4 2020||$5.38B$5.11B|
|Loans||Q4 2021vs Q4 2020||$3.37B$3.53B|
|Deposits||Q4 2021vs Q4 2020||$4.35B$4.03B|
|Equity Capital||Q4 2021vs Q4 2020||$714.6MM$674.6MM|
|Loan Loss Allowance||Q4 2021vs Q4 2020||$41.8MM$48.0MM|
|Unbacked Noncurrent Loans||Q4 2021vs Q4 2020||$14.0MM$21.5MM|
|Real Estate Owned||Q4 2021vs Q4 2020||$3.5MM$7.7MM|
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