Pay vs Performance Disclosure
|
1 Months Ended |
11 Months Ended |
12 Months Ended |
Feb. 07, 2022 |
Dec. 31, 2022 |
Dec. 31, 2024
USD ($)
$ / shares
Companies
|
Dec. 31, 2023
USD ($)
$ / shares
Companies
|
Dec. 31, 2022
USD ($)
$ / shares
|
Dec. 31, 2021
USD ($)
$ / shares
|
Dec. 31, 2020
USD ($)
$ / shares
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure, Table |
|
|
PAY VERSUS PERFORMANCE The table below shows the following information for the past five fiscal years: (i) total compensation for our NEOs as set forth in the Summary Compensation Table (“SCT”), (ii)
the “compensation actually paid” (“CAP”) to our PEOs and, on an average basis, our non-PEO NEOs (in each case, as determined under SEC rules), (iii) our total shareholder return (“TSR”), (iv) the TSR of our peer group (as set forth in our
Compensation Discussion and Analysis), (v) our net income, and (vi) our financial performance measure for compensatory purposes, EPS. PAY VERSUS PERFORMANCE TABLE | Year | SCT Total for PEO 1 ($) | SCT Total for PEO 2 ($) | CAP to PEO 1 ($) | CAP to PEO 2 ($) | Average SCT Total for Non- PEO NEOs ($) | Average CAP to Non-PEO NEOs ($) | Year-End Value of $100 Invested on 12/31/2019:
| Net Income ($) (in
thousands)
| EPS ($) | | TSR ($) | Peer Group TSR ($) | | | (a) | (b) | (c) | (c) | (d) | (c)(d) | | (e) | | (f) | | 2024 | 0 | 1,314,119 | 0 | 1,352,906 | 561,005 | 584,837 | 125.93 | 121.20 | 82,813 | 4.61 | | 2023 | 0 | 1,137,008 | 0 | 1,132,396 | 551,053 | 568,935 | 135.13 | 141.16 | 78,004 | 4.36 | | 2022 | 1,083,896 | 1,591,746 | 1,088,746 | 1,601,451 | 732,813 | 742,633 | 111.37 | 111.31 | 81,814 | 4.59 | | 2021 | 1,853,539 | - | 1,895,857 | - | 756,261 | 783,671 | 101.72 | 152.38 | 87,939 | 4.94 | | 2020 | 1,076,169 | - | 1,037,132 | - | 529,376 | 499,399 | 83.32 | 103.30 | 59,504 | 3.35 |
| a) | Jean R. Hale, who served as Chairman and Chief Executive Officer until her retirement on February 7, 2022, is listed as PEO 1. |
| b) | Following Ms. Hale’s retirement, Mark A. Gooch became Chief Executive Officer, and as such, is listed as PEO 2 for years 2022, 2023, and 2024. |
| c) | SEC rules require certain adjustments be made to the SCT totals to determine CAP as reported in the Pay Versus Performance table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In general, CAP is calculated as SCT total compensation adjusted to include the fair market value of equity awards as of December 31 of the applicable year or, if earlier, the vesting date (rather than the grant date). NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, we had no awards that failed to meet vesting conditions. The following table details these adjustments: | | Year | Executives | SCT Total ($) | Subtract Stock Awards ($) | Add Year- End Equity Value ($) | Change in Value of Prior Equity Awards ($) | Add Change in Value of Vested Equity Awards ($) | Add Dividends Paid on Unvested Shares ($) | CAP ($) | | 2024 | PEO 2 | 1,314,119 | 0 | 0 | 34,535 | (3,514) | 7,766 | 1,352,906 | | | Other NEOs | 561,005 | 0 | 0 | 20,861 | (1,608) | 4,579 | 584,837
| | 2023 | PEO 2 | 1,137,008 | 153,796 | 150,221 | (4,302) | (5,619) | 8,884 | 1,132,396 | | | Other NEOs | 551,053 | 40,028 | 59,233 | (3,579) | (2,942) | 5,198 | 568,935 | | 2022 | PEO 1 | 1,083,896 | 160,989 | 162,546 | - | 1,834 | 1,458 | 1,088,746 | | | PEO 2 | 1,591,746 | 98,622 | 99,576 | 2,932 | 655 | 5,162 | 1,601,451 | | | Other NEOs | 732,813 | 52,687 | 53,196 | 2,557 | 2,802 | 3,952 | 742,633 | | 2021 | PEO 1 | 1,853,539 | 28,174 | 31,748 | 19,136 | 13,509 | 6,099 | 1,895,857 | | | Other NEOs | 756,261 | 11,485 | 12,941 | 20,088 | 467 | 5,398 | 783,671 | | 2020 | PEO 1 | 1,076,169 | 64,996 | 53,945 | (31,714) | (3,701) | 7,429 | 1,037,132 | | | Other NEOs | 529,376 | 54,372 | 45,127 | (24,872) | (1,502) | 5,641 | 499,399 |
| d) | For 2020 and 2021, the non-PEO NEOs included Mark A. Gooch, Kevin J. Stumbo, James B. Draughn, and Larry W. Jones. For 2022, Mr. Gooch was excluded from the non-PEO NEOs and Richard W. Newsom and Ricky D. Sparkman were added. In 2023, Mr. Jones was excluded from the non-PEO NEOs due to his retirement in December 2022. |
| e) | CTBI periodically compares its executive pay and business performance, as well as the compensation of the Board, to a group of comparable, publicly traded financial institutions (“Peer Group”). In establishing a Peer Group, CTBI seeks to include regional bank holding companies that are similar to CTBI in terms of assets, business lines, and geographic markets. During 2024, the Committee worked with Pearl Meyer to review the Peer Group to ensure it continued to include organizations that were comparable to CTBI. Based on this review, the Committee determined that it would be appropriate to add Capital City Bank Group Inc., First Mid Bancshares, Inc., Midland States Bancorp, Inc., and Independent Bank Corporation to the Peer Group and remove Capstar Financial Holdings, Inc., Carter Bankshares, Inc., and Horizon Bancorp, Inc. These changes resulted in the Peer Group of twenty-one companies listed below. The Committee believes the Peer Group provides a reasonable basis of comparison for CTBI due to their similar business lines and geographic locations, as well as their comparable size, reflected by total assets. Following the Committee’s review and adjustment of the Peer Group, the median assets of the Peer Group were $6.2 billion, compared to CTBI’s assets of approximately $6.2 billion. The companies included in the Peer Group ranged in asset size from $3.2 billion to $9.2 billion at the time of the review. |
|
Bank
|
Ticker
|
Bank
|
Ticker
|
|
Capital City Bank Group, Inc.
|
CCBG
|
Mercantile Bank Corporation
|
MBWM
|
|
City Holding Company
|
CHCO
|
Midland States Bancorp, Inc.
|
MSBI
|
|
Farmers National Banc Corp.
|
FMNB
|
Nicolet Bankshares, Inc.
|
NIC
|
|
First Community Bancshares, Inc.
|
FCBC
|
Peoples Bancorp Inc.
|
PEBO
|
|
First Financial Corporation
|
THFF
|
QCR Holdings, Inc.
|
QCRH
|
|
First Mid Bancshares, Inc.
|
FMBH
|
Republic Bancorp, Inc.
|
RBCA.A
|
|
German American Bancorp, Inc.
|
GABC
|
SmartFinancial, Inc.
|
SMBK
|
|
Great Southern Bancorp, Inc.
|
GSBC
|
Stock Yards Bancorp, Inc.
|
SYBT
|
|
HomeTrust Bancshares, Inc.
|
HTBI
|
Univest Financial Corporation
|
UVSP
|
|
Independent Bank Corporation
|
IBCP
|
Wilson Bank Holding Company
|
WBHC
|
|
Lakeland Financial Corporation
|
LKFN
|
|
|
The Peer Group used to establish executive compensation for 2023 consisted of twenty-one companies with median assets of $6.1 billion, compared to CTBI’s assets at that time of approximately $5.4 billion. The companies included in the Peer Group ranged in asset size from $3.1 billion to $10.5 billion and are listed below:
|
Bank
|
Ticker
|
Bank
|
Ticker
|
|
American National Bankshares, Inc.
|
AMNB
|
Horizon Bancorp, Inc.
|
HBNC
|
|
CapStar Financial Holdings, Inc.
|
CSTR
|
Lakeland Financial Corporation
|
LKFN
|
|
Carter Bancshares, Inc.
|
CARE
|
Mercantile Bank Corporation
|
MBWM
|
|
City Holding Company
|
CHCO
|
Nicolet Bankshares, Inc.
|
NIC
|
|
Farmers National Banc Corp.
|
FMNB
|
Peoples Bancorp, Inc.
|
PEBO
|
|
First Bancorp
|
FBNC
|
QCR Holdings, Inc.
|
QCRH
|
|
First Community Bancshares, Inc.
|
FCBC
|
Republic Bancorp, Inc.
|
RBCAA
|
|
First Financial Corporation
|
THFF
|
SmartFinancial, Inc.
|
SMBK
|
|
German American Bancorp, Inc.
|
GABC
|
Stock Yards Bancorp, Inc.
|
SYBT
|
|
Great Southern Bancorp, Inc.
|
GSBC
|
Univest Financial Corporation
|
UVSP
|
|
Home Trust Bancshares, Inc.
|
HTBI
|
|
|
Below is a comparison of our TSR for 2024 to the current Peer Group as well as the prior Peer Group for 2023: | | Year-End Value of $100 Invested on 12/31/2019: | | Year | TSR ($) | Current Peer Group TSR ($) | Prior Peer Group TSR ($) | | 2024 | 125.93 | 121.20 | 120.35 |
| (f) | CTBI has selected GAAP basic earnings per share as the most important financial performance measure (that is not otherwise disclosed in the Pay Versus Performance Table above) used by CTBI to link compensation actually paid to CTBI’s NEOs for 2024 to CTBI’s performance. |
|
|
|
|
|
| Company Selected Measure Name |
|
|
GAAP basic earnings per share
|
|
|
|
|
| Named Executive Officers, Footnote |
|
|
| a) | Jean R. Hale, who served as Chairman and Chief Executive Officer until her retirement on February 7, 2022, is listed as PEO 1. |
| b) | Following Ms. Hale’s retirement, Mark A. Gooch became Chief Executive Officer, and as such, is listed as PEO 2 for years 2022, 2023, and 2024. |
| d) | For 2020 and 2021, the non-PEO NEOs included Mark A. Gooch, Kevin J. Stumbo, James B. Draughn, and Larry W. Jones. For 2022, Mr. Gooch was excluded from the non-PEO NEOs and Richard W. Newsom and Ricky D. Sparkman were added. In 2023, Mr. Jones was excluded from the non-PEO NEOs due to his retirement in December 2022. |
|
|
|
|
|
| Peer Group Issuers, Footnote |
|
|
| e) | CTBI periodically compares its executive pay and business performance, as well as the compensation of the Board, to a group of comparable, publicly traded financial institutions (“Peer Group”). In establishing a Peer Group, CTBI seeks to include regional bank holding companies that are similar to CTBI in terms of assets, business lines, and geographic markets. During 2024, the Committee worked with Pearl Meyer to review the Peer Group to ensure it continued to include organizations that were comparable to CTBI. Based on this review, the Committee determined that it would be appropriate to add Capital City Bank Group Inc., First Mid Bancshares, Inc., Midland States Bancorp, Inc., and Independent Bank Corporation to the Peer Group and remove Capstar Financial Holdings, Inc., Carter Bankshares, Inc., and Horizon Bancorp, Inc. These changes resulted in the Peer Group of twenty-one companies listed below. The Committee believes the Peer Group provides a reasonable basis of comparison for CTBI due to their similar business lines and geographic locations, as well as their comparable size, reflected by total assets. Following the Committee’s review and adjustment of the Peer Group, the median assets of the Peer Group were $6.2 billion, compared to CTBI’s assets of approximately $6.2 billion. The companies included in the Peer Group ranged in asset size from $3.2 billion to $9.2 billion at the time of the review. |
|
Bank
|
Ticker
|
Bank
|
Ticker
|
|
Capital City Bank Group, Inc.
|
CCBG
|
Mercantile Bank Corporation
|
MBWM
|
|
City Holding Company
|
CHCO
|
Midland States Bancorp, Inc.
|
MSBI
|
|
Farmers National Banc Corp.
|
FMNB
|
Nicolet Bankshares, Inc.
|
NIC
|
|
First Community Bancshares, Inc.
|
FCBC
|
Peoples Bancorp Inc.
|
PEBO
|
|
First Financial Corporation
|
THFF
|
QCR Holdings, Inc.
|
QCRH
|
|
First Mid Bancshares, Inc.
|
FMBH
|
Republic Bancorp, Inc.
|
RBCA.A
|
|
German American Bancorp, Inc.
|
GABC
|
SmartFinancial, Inc.
|
SMBK
|
|
Great Southern Bancorp, Inc.
|
GSBC
|
Stock Yards Bancorp, Inc.
|
SYBT
|
|
HomeTrust Bancshares, Inc.
|
HTBI
|
Univest Financial Corporation
|
UVSP
|
|
Independent Bank Corporation
|
IBCP
|
Wilson Bank Holding Company
|
WBHC
|
|
Lakeland Financial Corporation
|
LKFN
|
|
|
The Peer Group used to establish executive compensation for 2023 consisted of twenty-one companies with median assets of $6.1 billion, compared to CTBI’s assets at that time of approximately $5.4 billion. The companies included in the Peer Group ranged in asset size from $3.1 billion to $10.5 billion and are listed below:
|
Bank
|
Ticker
|
Bank
|
Ticker
|
|
American National Bankshares, Inc.
|
AMNB
|
Horizon Bancorp, Inc.
|
HBNC
|
|
CapStar Financial Holdings, Inc.
|
CSTR
|
Lakeland Financial Corporation
|
LKFN
|
|
Carter Bancshares, Inc.
|
CARE
|
Mercantile Bank Corporation
|
MBWM
|
|
City Holding Company
|
CHCO
|
Nicolet Bankshares, Inc.
|
NIC
|
|
Farmers National Banc Corp.
|
FMNB
|
Peoples Bancorp, Inc.
|
PEBO
|
|
First Bancorp
|
FBNC
|
QCR Holdings, Inc.
|
QCRH
|
|
First Community Bancshares, Inc.
|
FCBC
|
Republic Bancorp, Inc.
|
RBCAA
|
|
First Financial Corporation
|
THFF
|
SmartFinancial, Inc.
|
SMBK
|
|
German American Bancorp, Inc.
|
GABC
|
Stock Yards Bancorp, Inc.
|
SYBT
|
|
Great Southern Bancorp, Inc.
|
GSBC
|
Univest Financial Corporation
|
UVSP
|
|
Home Trust Bancshares, Inc.
|
HTBI
|
|
|
Below is a comparison of our TSR for 2024 to the current Peer Group as well as the prior Peer Group for 2023: | | Year-End Value of $100 Invested on 12/31/2019: | | Year | TSR ($) | Current Peer Group TSR ($) | Prior Peer Group TSR ($) | | 2024 | 125.93 | 121.20 | 120.35 |
|
|
|
|
|
| Changed Peer Group, Footnote |
|
|
| e) | CTBI periodically compares its executive pay and business performance, as well as the compensation of the Board, to a group of comparable, publicly traded financial institutions (“Peer Group”). In establishing a Peer Group, CTBI seeks to include regional bank holding companies that are similar to CTBI in terms of assets, business lines, and geographic markets. During 2024, the Committee worked with Pearl Meyer to review the Peer Group to ensure it continued to include organizations that were comparable to CTBI. Based on this review, the Committee determined that it would be appropriate to add Capital City Bank Group Inc., First Mid Bancshares, Inc., Midland States Bancorp, Inc., and Independent Bank Corporation to the Peer Group and remove Capstar Financial Holdings, Inc., Carter Bankshares, Inc., and Horizon Bancorp, Inc. These changes resulted in the Peer Group of twenty-one companies listed below. The Committee believes the Peer Group provides a reasonable basis of comparison for CTBI due to their similar business lines and geographic locations, as well as their comparable size, reflected by total assets. Following the Committee’s review and adjustment of the Peer Group, the median assets of the Peer Group were $6.2 billion, compared to CTBI’s assets of approximately $6.2 billion. The companies included in the Peer Group ranged in asset size from $3.2 billion to $9.2 billion at the time of the review. |
|
Bank
|
Ticker
|
Bank
|
Ticker
|
|
Capital City Bank Group, Inc.
|
CCBG
|
Mercantile Bank Corporation
|
MBWM
|
|
City Holding Company
|
CHCO
|
Midland States Bancorp, Inc.
|
MSBI
|
|
Farmers National Banc Corp.
|
FMNB
|
Nicolet Bankshares, Inc.
|
NIC
|
|
First Community Bancshares, Inc.
|
FCBC
|
Peoples Bancorp Inc.
|
PEBO
|
|
First Financial Corporation
|
THFF
|
QCR Holdings, Inc.
|
QCRH
|
|
First Mid Bancshares, Inc.
|
FMBH
|
Republic Bancorp, Inc.
|
RBCA.A
|
|
German American Bancorp, Inc.
|
GABC
|
SmartFinancial, Inc.
|
SMBK
|
|
Great Southern Bancorp, Inc.
|
GSBC
|
Stock Yards Bancorp, Inc.
|
SYBT
|
|
HomeTrust Bancshares, Inc.
|
HTBI
|
Univest Financial Corporation
|
UVSP
|
|
Independent Bank Corporation
|
IBCP
|
Wilson Bank Holding Company
|
WBHC
|
|
Lakeland Financial Corporation
|
LKFN
|
|
|
The Peer Group used to establish executive compensation for 2023 consisted of twenty-one companies with median assets of $6.1 billion, compared to CTBI’s assets at that time of approximately $5.4 billion. The companies included in the Peer Group ranged in asset size from $3.1 billion to $10.5 billion and are listed below:
|
Bank
|
Ticker
|
Bank
|
Ticker
|
|
American National Bankshares, Inc.
|
AMNB
|
Horizon Bancorp, Inc.
|
HBNC
|
|
CapStar Financial Holdings, Inc.
|
CSTR
|
Lakeland Financial Corporation
|
LKFN
|
|
Carter Bancshares, Inc.
|
CARE
|
Mercantile Bank Corporation
|
MBWM
|
|
City Holding Company
|
CHCO
|
Nicolet Bankshares, Inc.
|
NIC
|
|
Farmers National Banc Corp.
|
FMNB
|
Peoples Bancorp, Inc.
|
PEBO
|
|
First Bancorp
|
FBNC
|
QCR Holdings, Inc.
|
QCRH
|
|
First Community Bancshares, Inc.
|
FCBC
|
Republic Bancorp, Inc.
|
RBCAA
|
|
First Financial Corporation
|
THFF
|
SmartFinancial, Inc.
|
SMBK
|
|
German American Bancorp, Inc.
|
GABC
|
Stock Yards Bancorp, Inc.
|
SYBT
|
|
Great Southern Bancorp, Inc.
|
GSBC
|
Univest Financial Corporation
|
UVSP
|
|
Home Trust Bancshares, Inc.
|
HTBI
|
|
|
Below is a comparison of our TSR for 2024 to the current Peer Group as well as the prior Peer Group for 2023: | | Year-End Value of $100 Invested on 12/31/2019: | | Year | TSR ($) | Current Peer Group TSR ($) | Prior Peer Group TSR ($) | | 2024 | 125.93 | 121.20 | 120.35 |
|
|
|
|
|
| Adjustment To PEO Compensation, Footnote |
|
|
| c) | SEC rules require certain adjustments be made to the SCT totals to determine CAP as reported in the Pay Versus Performance table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In general, CAP is calculated as SCT total compensation adjusted to include the fair market value of equity awards as of December 31 of the applicable year or, if earlier, the vesting date (rather than the grant date). NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, we had no awards that failed to meet vesting conditions. The following table details these adjustments: | | Year | Executives | SCT Total ($) | Subtract Stock Awards ($) | Add Year- End Equity Value ($) | Change in Value of Prior Equity Awards ($) | Add Change in Value of Vested Equity Awards ($) | Add Dividends Paid on Unvested Shares ($) | CAP ($) | | 2024 | PEO 2 | 1,314,119 | 0 | 0 | 34,535 | (3,514) | 7,766 | 1,352,906 | | | Other NEOs | 561,005 | 0 | 0 | 20,861 | (1,608) | 4,579 | 584,837
| | 2023 | PEO 2 | 1,137,008 | 153,796 | 150,221 | (4,302) | (5,619) | 8,884 | 1,132,396 | | | Other NEOs | 551,053 | 40,028 | 59,233 | (3,579) | (2,942) | 5,198 | 568,935 | | 2022 | PEO 1 | 1,083,896 | 160,989 | 162,546 | - | 1,834 | 1,458 | 1,088,746 | | | PEO 2 | 1,591,746 | 98,622 | 99,576 | 2,932 | 655 | 5,162 | 1,601,451 | | | Other NEOs | 732,813 | 52,687 | 53,196 | 2,557 | 2,802 | 3,952 | 742,633 | | 2021 | PEO 1 | 1,853,539 | 28,174 | 31,748 | 19,136 | 13,509 | 6,099 | 1,895,857 | | | Other NEOs | 756,261 | 11,485 | 12,941 | 20,088 | 467 | 5,398 | 783,671 | | 2020 | PEO 1 | 1,076,169 | 64,996 | 53,945 | (31,714) | (3,701) | 7,429 | 1,037,132 | | | Other NEOs | 529,376 | 54,372 | 45,127 | (24,872) | (1,502) | 5,641 | 499,399 |
|
|
|
|
|
| Non-PEO NEO Average Total Compensation Amount |
|
|
$ 561,005
|
$ 551,053
|
$ 732,813
|
$ 756,261
|
$ 529,376
|
| Non-PEO NEO Average Compensation Actually Paid Amount |
|
|
$ 584,837
|
568,935
|
742,633
|
783,671
|
499,399
|
| Adjustment to Non-PEO NEO Compensation Footnote |
|
|
| c) | SEC rules require certain adjustments be made to the SCT totals to determine CAP as reported in the Pay Versus Performance table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In general, CAP is calculated as SCT total compensation adjusted to include the fair market value of equity awards as of December 31 of the applicable year or, if earlier, the vesting date (rather than the grant date). NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, we had no awards that failed to meet vesting conditions. The following table details these adjustments: | | Year | Executives | SCT Total ($) | Subtract Stock Awards ($) | Add Year- End Equity Value ($) | Change in Value of Prior Equity Awards ($) | Add Change in Value of Vested Equity Awards ($) | Add Dividends Paid on Unvested Shares ($) | CAP ($) | | 2024 | PEO 2 | 1,314,119 | 0 | 0 | 34,535 | (3,514) | 7,766 | 1,352,906 | | | Other NEOs | 561,005 | 0 | 0 | 20,861 | (1,608) | 4,579 | 584,837
| | 2023 | PEO 2 | 1,137,008 | 153,796 | 150,221 | (4,302) | (5,619) | 8,884 | 1,132,396 | | | Other NEOs | 551,053 | 40,028 | 59,233 | (3,579) | (2,942) | 5,198 | 568,935 | | 2022 | PEO 1 | 1,083,896 | 160,989 | 162,546 | - | 1,834 | 1,458 | 1,088,746 | | | PEO 2 | 1,591,746 | 98,622 | 99,576 | 2,932 | 655 | 5,162 | 1,601,451 | | | Other NEOs | 732,813 | 52,687 | 53,196 | 2,557 | 2,802 | 3,952 | 742,633 | | 2021 | PEO 1 | 1,853,539 | 28,174 | 31,748 | 19,136 | 13,509 | 6,099 | 1,895,857 | | | Other NEOs | 756,261 | 11,485 | 12,941 | 20,088 | 467 | 5,398 | 783,671 | | 2020 | PEO 1 | 1,076,169 | 64,996 | 53,945 | (31,714) | (3,701) | 7,429 | 1,037,132 | | | Other NEOs | 529,376 | 54,372 | 45,127 | (24,872) | (1,502) | 5,641 | 499,399 |
|
|
|
|
|
| Compensation Actually Paid vs. Total Shareholder Return |
|
|
CAP and Cumulative TSR / Cumulative TSR of the Peer Group
|
|
|
|
|
| Compensation Actually Paid vs. Net Income |
|
|
CAP and CTBI Net Income
|
|
|
|
|
| Compensation Actually Paid vs. Company Selected Measure |
|
|
CAP and Earnings Per Share
|
|
|
|
|
| Total Shareholder Return Vs Peer Group |
|
|
CAP and Cumulative TSR / Cumulative TSR of the Peer Group
|
|
|
|
|
| Tabular List, Table |
|
|
Tabular List of Financial Performance Measures Pursuant to the requirements of Item 402(v) of the SEC’s Regulation S-K, we provide the following list of the three most important financial performance measures used to link CAP (as calculated in
accordance with the SEC rules) to our NEOs to CTBI’s performance in 2024. Please refer to the section entitled “Annual Incentive Plan” in our Compensation Discussion and Analysis (“CD&A”) for more information. Pay Versus | Measure 1 | Net Income | | Measure 2 | EPS | | Measure 3 | ROAA |
|
|
|
|
|
| Total Shareholder Return Amount |
|
|
$ 125.93
|
135.13
|
111.37
|
101.72
|
83.32
|
| Peer Group Total Shareholder Return Amount |
|
|
121.2
|
141.16
|
111.31
|
152.38
|
103.3
|
| Net Income (Loss) |
|
|
$ 82,813,000
|
$ 78,004,000
|
$ 81,814,000
|
$ 87,939,000
|
$ 59,504,000
|
| Company Selected Measure Amount | $ / shares |
|
|
4.61
|
4.36
|
4.59
|
4.94
|
3.35
|
| PEO Name |
Jean R. Hale
|
Mark A. Gooch
|
Mark A. Gooch
|
Mark A. Gooch
|
|
Jean R. Hale
|
Jean R. Hale
|
| Number of Companies Included in Peer Group | Companies |
|
|
21
|
21
|
|
|
|
| Assets of Peer Group, Median |
|
|
$ 6,200,000,000
|
$ 6,100,000,000
|
|
|
|
| Assets |
|
|
6,200,000,000
|
5,400,000,000
|
|
|
|
| Assets of Peer Group, Minimum |
|
|
3,200,000,000
|
3,100,000,000
|
|
|
|
| Assets of Peer Group, Maximum |
|
|
9,200,000,000
|
10,500,000,000
|
|
|
|
| Prior Peer Group Total Shareholder Return Amount |
|
|
$ 120.35
|
|
|
|
|
| Measure:: 1 |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Name |
|
|
Net Income
|
|
|
|
|
| Measure:: 2 |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Name |
|
|
EPS
|
|
|
|
|
| Measure:: 3 |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Name |
|
|
ROAA
|
|
|
|
|
| Jean R Hale [Member] |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| PEO Total Compensation Amount |
|
|
$ 0
|
0
|
$ 1,083,896
|
$ 1,853,539
|
$ 1,076,169
|
| PEO Actually Paid Compensation Amount |
|
|
0
|
0
|
1,088,746
|
1,895,857
|
1,037,132
|
| Mark A Gooch [Member] |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| PEO Total Compensation Amount |
|
|
1,314,119
|
1,137,008
|
1,591,746
|
0
|
0
|
| PEO Actually Paid Compensation Amount |
|
|
1,352,906
|
1,132,396
|
1,601,451
|
0
|
0
|
| PEO | Jean R Hale [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
(160,989)
|
(28,174)
|
(64,996)
|
| PEO | Jean R Hale [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
162,546
|
31,748
|
53,945
|
| PEO | Jean R Hale [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
0
|
19,136
|
(31,714)
|
| PEO | Jean R Hale [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
1,834
|
13,509
|
(3,701)
|
| PEO | Jean R Hale [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
1,458
|
6,099
|
7,429
|
| PEO | Mark A Gooch [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
0
|
(153,796)
|
(98,622)
|
|
|
| PEO | Mark A Gooch [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
0
|
150,221
|
99,576
|
|
|
| PEO | Mark A Gooch [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
34,535
|
(4,302)
|
2,932
|
|
|
| PEO | Mark A Gooch [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
(3,514)
|
(5,619)
|
655
|
|
|
| PEO | Mark A Gooch [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
7,766
|
8,884
|
5,162
|
|
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
0
|
(40,028)
|
(52,687)
|
(11,485)
|
(54,372)
|
| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
0
|
59,233
|
53,196
|
12,941
|
45,127
|
| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
20,861
|
(3,579)
|
2,557
|
20,088
|
(24,872)
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
(1,608)
|
(2,942)
|
2,802
|
467
|
(1,502)
|
| Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
$ 4,579
|
$ 5,198
|
$ 3,952
|
$ 5,398
|
$ 5,641
|
