Community Trust earnings up in third quarter

Pikeville-based Community Trust Bancorp, Inc. on Wednesday reported third quarter earnings of 81 cents per share, up from 66 cents per share for the third quarter of 2012.

Year-to-date basic earnings per share increased 12 cents per share from 2012, the company said in a release.

One area of concern was non-performing loans, which were $42.3 million on Sept. 30, 2013, a 24.2 percent increase from the $34 million at the same time in 2012. The company reported, however, that its level of foreclosed properties, at $42.5 million on Sept. 30, was a decrease from $55.6 million for the same period in 2012.

Community Trust has assets of $3.6 billion. It is headquartered in Pikeville and has 75 banking locations and trust offices across eastern, northeastern, central and south central Kentucky. It also has six banking locations in West Virginia and four banking locations and one trust office in Tennessee.