Risk Factors Update Summary
- Recent bank failures in March 2023 raised concerns about liquidity in the banking sector.
- Commercial real estate nonresidential loans decreased from 21% to 19% of the total loan portfolio.
- Hotel/motel loans increased from 9% to 10% of the total loan portfolio.
- The financial institution sector faced declining investor confidence due to bank failures in 2023.
- Other commercial loans decreased from 11% to 10% of the total loan portfolio.
- One third-party vendor experienced a data breach in 2023, impacting CTBI indirectly.
- Consumer loans increased from approximately 82% to 84% of the total loan portfolio.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=350852&owner=exclude
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