Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 98,058	$ 82,813	$ 78,004
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,138	3,823	3,791
Amortization of operating lease right-of-use assets	1,615	1,180	1,560
Deferred tax expense (benefit)	(2,944)	(1,732)	709
Stock-based compensation	1,774	1,354	1,576
Provision for credit losses	12,436	10,951	6,811
Write-downs of other real estate owned and other repossessed assets	96	105	211
Gains on sale of mortgage loans held for sale	(320)	(294)	(395)
Securities gains	(2)	(8)	(4)
Fair value adjustments in equity securities	(373)	(623)	(992)
Gains on sale of assets, net	(665)	(102)	(408)
Proceeds from sale of mortgage loans held for sale	11,784	11,432	15,041
Funding of mortgage loans held for sale	(11,619)	(11,293)	(14,851)
Amortization of securities premiums and discounts, net	2,542	2,564	2,658
Change in cash surrender value of bank owned life insurance	(3,086)	(3,995)	(2,361)
Payment of operating lease liabilities	(1,571)	(1,194)	(1,560)
Interest expense on finance lease liabilities	187	158	118
Fair value adjustments in mortgage servicing rights	734	431	965
Changes in:
Accrued interest receivable	(1,199)	(1,183)	(3,983)
Other assets	(10,288)	1,951	(2,630)
Accrued interest payable	157	989	5,152
Other liabilities	3,537	7,999	(3,562)
Net cash provided by operating activities	104,991	105,326	85,850
Certificates of deposit in other banks:
Purchase of certificates of deposit	0	0	(245)
Maturity of certificates of deposit	0	0	245
Securities available-for-sale (AFS):
Purchase of AFS securities	(232,459)	(55,365)	(19,478)
Proceeds from sales of AFS securities	0	14,232	21,529
Proceeds from prepayments, calls, and maturities of AFS securities	209,631	153,171	124,656
Change in loans, net	(417,641)	(444,061)	(344,217)
Purchase of premises and equipment	(7,603)	(8,078)	(6,322)
Proceeds from sale and retirement of premises and equipment	1,112	70	375
Purchase of Federal Home Loan Bank stock	(4,815)	(4,757)	(3,191)
Redemption of Federal Home Loan Bank stock	4,676	4,407	5,155
Proceeds from sale of other real estate owned and repossessed assets	2,558	774	1,295
Additional investment in other real estate owned and repossessed assets	0	(13)	(47)
Additional investment in bank owned life insurance	(19,117)	0	(6,931)
Redemption of bank owned life insurance	438	1,591	336
Proceeds from settlement of bank owned life insurance	0	2,356	241
Net cash used in investing activities	(463,220)	(335,673)	(226,599)
Cash flows from financing activities:
Change in deposits, net	318,869	345,567	298,479
Change in repurchase agreements and federal funds purchased, net	68,633	14,921	9,814
Proceeds from Federal Home Loan Bank advances	100,000	100,000	225,000
Payments on advances from Federal Home Loan Bank	(100,021)	(100,020)	(225,021)
Payment of finance lease liabilities	(183)	(154)	(151)
Proceeds from long-term debt/other borrowings	0	0	6,563
Repayment of long-term debt/other borrowings	(232)	(225)	(163)
Issuance of common stock	1,324	1,770	1,129
Dividends paid	(35,982)	(33,407)	(32,187)
Net cash provided by financing activities	352,408	328,452	283,463
Net increase (decrease) in cash and cash equivalents	(5,821)	98,105	142,714
Cash and cash equivalents at beginning of period	369,505	271,400	128,686
Cash and cash equivalents at end of period	363,684	369,505	271,400
Supplemental disclosures:
Income taxes paid	28,506	20,611	20,728
Interest paid	126,584	126,459	90,388
Non-cash activities:
Loans to facilitate the sale of other real estate owned and repossessed assets	2,815	356	1,306
Common stock dividends accrued, paid in subsequent quarter	324	276	291
Real estate acquired in settlement of loans	4,720	3,160	658
Right-of-use assets obtained in exchange for new operating lease liabilities	1,744	0	358
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 1,050	$ 0	$ 0

COMMUNITY TRUST BANCORP INC /KY/ 10-K