| 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 ($) |
|---|
| (a) · (b) · (c) · (c) · (d) · (c)(d) · (e) · (f) |
|---|
| 2025 | - | 1,639,760 | - | 1,665,249 | 674,175 | 684,423 | 110.50 | 106.44 | 98,058 | 5.44 |
| 2024 | - | 1,314,119 | - | 1,352,906 | 561,005 | 584,837 | 125.93 | 121.20 | 82,813 | 4.61 |
| 2023 | - | 1,137,008 | - | 1,132,396 | 551,053 | 568,935 | 135.13 | 141.16 | 78,004 | 4.36 |
| 2022 | 1,083,896 | 1,591,746 | 1,088,746 | 1,601,451 | 732,813 | 742,633 | 111.37 | 111.31 | 81,814 | 4.59 |
| 2021 | 1,853,539 | - | 1,895,857 | - | 756,261 | 783,671 | 101.72 | 152.38 | 87,939 | 4.94 |
| a) | Jean R. Hale, who served as Chairman and Chief Executive Officer until her retirement on February 7, 2022, is listed as PEO 1 for years 2021 and 2022. |
| b) | Following Ms. Hale’s retirement, Mark A. Gooch became Chief Executive Officer, and as such, is listed as PEO 2 for years 2022 through 2025. |
| c) | SEC rules require certain adjustments be made to the SCT totals to determine CAP as reported in the Pay Versus Performance table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In general, CAP is calculated as SCT total compensation adjusted to include the fair market value of equity awards as of December 31 of the applicable year or, if earlier, the vesting date (rather than the grant date). NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, we had no awards that failed to meet vesting conditions. The following table details these adjustments: |
| Year | Executives | SCT Total ($) | 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 ($) | CAP ($) |
|---|
| 2025 | PEO 2 | 1,639,760 | 137,090 | 144,697 | 7,823 | 1,209 | 8,850 | 1,665,249 |
| Other NEOs | 674,175 | 52,352 | 55,257 | 3,246 | 532 | 3,565 | 684,423 |
| 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 |
| d) | For 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. In 2025, Charles Wayne Hancock II was added, and James B. Draughn was excluded due to his retirement on January 31, 2025. The following tables summarizes which NEOs were included in the non-PEO calculations for the five years ended December 31, 2025. |
| Non-PEO NEO | 2021 | 2022 | 2023 | 2024 | 2025 |
| Mark A. Gooch | X | |
| Kevin J. Stumbo | X | X | X | X | X |
| James B. Draughn | X | X | X | X | |
| Larry W. Jones | X | X | |
| Richard W. Newsom | | X | X | X | X |
| Ricky D. Sparkman | | X | X | X | X |
| C. Wayne Hancock II | | X |
| 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. 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 2025, 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 no changes to the Peer Group were necessary. The Peer Group consists 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. At the time of the 2025 review, the median assets of the Peer Group were $6.6 billion, compared to CTBI’s assets of approximately $6.4 billion. The companies included in the Peer Group ranged in asset size from $3.2 billion to $9.5 billion. |
| 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 | |
|---|
Below is a comparison of our TSR for 2025 to the Peer Group:
| Year-End Value of $100 Invested on 12/31/2020: |
|---|
| Year | TSR ($) | Peer Group TSR ($) |
|---|
| 2025 | 110.50 | 106.44 |
| (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 2025 to CTBI’s performance. |
