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Pioneer Bancorp, Inc.Your Company A Community Banking Success “We are committed to increasing shareholder value by operating our community banking model with the core values of fairness, respect, and integrity.” -Mission Statement Community Trust Bancorp, Inc. operates with a conservative, efficient model of traditional community banking which has been the foundation of our customer service for more than 112 years and has driven our strong history of earnings. Our business model has allowed us to successfully meet the challenges of a highly competitive business environment and difficult economic recovery. Economic conditions in most of the communities we serve in Kentucky, West Virginia, and Tennessee have improved. However, some business sectors in our Eastern Region, particularly the energy industry, remain negatively impacted by oversupply, low prices, and regulatory burden. We anticipate that most of our market areas will continue to experience moderately improving economic conditions. In 2015, we were pleased to be named for the second consecutive year as one of “America's 50 Most Trustworthy Financial Companies,” recognizing once again the stewardship of our shareholders' assets, through strong corporate governance. Our history of investment returns continues to demonstrate the viability of our stock as a long-term core value investment. Having a firm foundation for our operations, a strong capital position, a highly skilled and dedicated workforce, and a business model of community banking allows us to operate successfully. The directors and management of Community Trust Bancorp, Inc. are committed to meeting operational challenges while remaining focused on our core banking business and increasing shareholder value. Comparison of 5-Year Cumulative Total Return $200 $100 $0 2010 2011 2012 2013 2014 2015 Community Trust Bancorp, Inc. NASDAQ Stock Market (U.S.) NASDAQ Bank Stocks Index An investment in CTBI stock on December 31, 2010 would have outperformed the NASDAQ Bank Stocks Index but not the NASDAQ Stock Market (U.S.) at December 31, 2015. 1 2015 Annual Report To Our Shareholders Dear Shareholders: We are pleased to report that 2015 was a year of record earnings for your Company with net income of $46.4 million. Earnings per share were $2.66 representing a return on average assets of 1.23% and a return on average equity of 9.97%. Also, we were pleased to continue our commitment to sharing earnings with our shareholders by increasing your quarterly cash dividend for the 35 consecutive year to $0.31 per share, representing a cash dividend yield to our investors of 3.55% at December 31, 2015. th An Improving Economy in Most of Our Markets Jean R. Hale Chairman, President and CEO We have seen improvement in the economic conditions in most of the markets where we operate. The economic recovery within our markets has been like that of the United States, varying geographically, by business sector, and by individual. We continue to experience weak economic conditions within our Eastern Region with the unemployment rate remaining elevated as the energy industry continued its downward trajectory. Your Company positioned itself to have a diversified loan portfolio and customer base by leveraging the various economies within the markets we serve. We believe this diversification contributed to our continued strong profitability during this protracted and inconsistent economic recovery. We remain a margin driven institution and will continue to have pressure on our net interest margin as long as rates remain low. During 2015, we continued our focus on improving the financial performance of the Company by improving the asset quality of our loan portfolio, reducing loan charge-offs, and controlling expenses while growing our loan portfolio with quality loans. We saw improvement in all of these areas during 2015. Our focus on the growth and profitability of our subsidiary, Community Trust and Investment Company, resulted in a record contribution to the Company's noninterest revenue. During 2015, we added an additional life insurance product to our menu of products and services available through our subsidiary. We believe with the pressure placed on traditional noninterest revenue sources, our wealth management, insurance, trust, and brokerage operations provide a good opportunity for the growth of noninterest revenue in the future. Providing a Consistent Return to Investors Your management is focused on providing a strong, consistent return to our investors. Management believes an investment in Community Trust Bancorp, Inc. is a long-term core value investment. We believe in returning to our shareholders in several ways, including cash dividends, stock dividends, stock splits, and price appreciation. Our goal is to return between 45% and 50% of earnings to our shareholders in the form of cash dividends. Our dividend payout ratio was 45.86% for 2015. The balance of our earnings is retained for the continued growth of your Company to increase its earning capacity long-term. 2 2015 Annual Report During 2015, the shareholders' equity of your Company grew 6.2% to $475.6 million. Stock prices of financial sector stocks continued to be volatile during 2015, and your Company's stock experienced that volatility. However, an investment in CTBI for a 5-year period ending December 31, 2015 provided an annualized 9.80% return to investors. The closing price of your stock on December 31, 2015 was $34.96 per share. Our Success We believe that the consistently strong financial performance of your Company can be attributed to many things including our community banking business model, the strength of our directors, the execution of our strategic plan by a highly qualified management team, and the hard work and dedication of our more than 1,000 employees. We believe that challenges provide opportunities, and with our strong foundation and 112 years of experience, we have a long history of seizing opportunities for financial success. Your management team is focused on the success of your Company. We appreciate the opportunity to serve our constituents….Our Shareholders, Our Customers, Our Employees, and Our Communities, and your loyalty and support are invaluable to the success of your Company! Jean R. Hale Chairman, President and CEO 2015 Common Stock (quarterly) Sales Price High Low Close Mar 31 $36.47 $31.53 $33.16 Jun 30 $35.49 $31.54 $34.87 Sep 30 $37.63 $33.62 $35.51 Dec 31 $37.15 $33.68 $34.96 3 2015 Annual Report Financial Highlights (in thousands except ratios, per share amounts, and employees) Net income Basic earnings per share Diluted earnings per share Cash dividends per share Average shares outstanding For the Year 2015 2014 Percentage Change $ 46,432 2.66 2.66 1.220 17,431 $ 43,251 2.50 2.49 1.181 17,326 % 7.4 6.4 6.8 3.3 0.6 At Year End 2015 2014 Percentage Change Assets Earning assets Deposits, incl. repurchase agreements Loans Allowance for loan and lease losses Shareholders' equity Book value per share Market price per common share $ 3,903,934 3,635,857 3,232,007 2,873,961 36,094 475,583 27.12 34.96 $ 3,723,765 3,459,991 3,109,443 2,733,824 34,447 447,877 25.64 36.61 Common shares outstanding Full time equivalent employees 17,537 984 17,466 1,012 4.8 5.1 3.9 5.1 4.8 6.2 5.8 ( 4.5 % ) 0.4 ( 2.8 ) Significant Ratios 2015 2014 Percentage Change For the year Return on average assets Return on average common equity Net interest margin Net charge-offs to average loans Efficiency ratio At year end Capital ratios: Equity to assets Tier 1 leverage Common equity Tier 1 Tier 1 risk based Total risk based Allowance to net loans Allowance to nonperforming loans % 1.23 9.97 3.81 0.25 58.20 % 1.18 9.94 3.92 0.31 59.12 % 4.2 0.3 ) ( 2.8 ) ( 19.4 ) ( 1.6 12.18 12.40 14.58 16.70 17.95 1.26 126.16 12.03 12.04 -- 16.51 17.76 1.26 88.43 1.2 3.0 -- 1.2 1.1 0.0 42.7 4 2015 Annual Report Net Income (in thousands) $44,862 $45,172 $43,251 $46,432 $50,000 $40,000 $38,827 $30,000 $20,000 $10,000 $0 2011 2012 2013 2014 2015 Earnings Per Share Dividends Per Share $1.118 $1.136 $1.154 $1.181 $1.220 $2.64 $2.63 $2.66 $2.50 $2.31 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Shareholders' Equity (in thousands) $400,344 $412,492 $366,866 $447,877 $475,583 2011 2012 2013 2014 2015 5 2015 Annual Report Financial Highlights (in thousands except per share data) Consolidated Statements of Income 2014 2015 Year ended December 31 Percentage Change Interest income Interest expense Net interest income Provision for loan losses Noninterest income Noninterest expense Income before income taxes Income tax expense Net Income Cash dividends per share Book value per share $ $ $ $ 144,020 11,773 132,247 8,650 46,809 105,443 64,963 18,531 46,432 1.220 27.12 $ $ $ $ 143,867 11,797 132,070 8,755 45,081 105,999 62,397 19,146 43,251 1.181 25.64 Average shares outstanding 17,431 17,326 % 0.1 ) ( 0.2 0.1 ) ( 1.2 3.8 ( 0.5 4.1 ( 3.2 7.4 ) ) 3.3 5.8 0.6 (in thousands) Assets Consolidated Balance Sheets At December 31 2015 2014 Percentage Change Cash and deposits in other banks Federal funds sold Securities Loans, net of allowance Other assets $ 190,652 791 596,597 2,837,867 278,027 $ 108,781 4,933 641,848 2,699,377 268,826 Total Assets $3,903,934 $3,723,765 Liabilities and Shareholders’ Equity Deposits Repurchase agreements Federal funds purchased and other short-term borrowings Advances from Federal Home Loan Bank Long-term debt Other liabilities $ 2,980,782 251,225 $ 2,874,257 235,186 3,596 101,056 61,341 30,351 11,041 61,170 61,341 32,893 Total Liabilities 3,428,351 3,275,888 Shareholders' Equity 475,583 447,877 Total Liabilities and Shareholders' Equity $3,903,934 $3,723,765 ( % 75.3 ) 84.0 ) ( 7.1 5.1 3.4 4.8 3.7 6.8 ( ) 67.4 65.2 0.0 ) 7.7 ( 4.7 6.2 4.8 6 2015 Annual Report Noninterest Income (in thousands) $43,832 $45,957 $49,304 $45,081 $46,809 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 2011 2012 2013 2014 2015 5-Year Cumulative Average Asset Growth Nonperforming Assets to Loans and Foreclosed Properties 4.56% 4.09% 3.56% 3.84% 3.31% 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 3.59% 3.20% 3.12% 2.74% 2.38% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Efficiency Ratio 60.23% 57.93% 59.33% 59.12% 58.20% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 2011 2012 2013 2014 2015 7 2015 Annual Report Shareholders As a performance-driven team, our directors, officers and staff focus on providing a stable and competitive return for our investors year after year. Our history of strong returns to investors th continued during 2015, as we increased the cash dividend to our shareholders for the 35 consecutive year. Although Community Trust achieved record earnings of $46.4 million, our stock experienced a 4.5% decline in its price in 2015. While increasing our cash dividend to our shareholders, we continued to grow our shareholders' equity to $475.6 million at December 31, 2015, a 6.2% increase from December 31, 2014. At December 31, 2015, our cash dividend yield was 3.55%, and the five-year compound growth rate of cash dividends per share was 2.1%. The five-year compound growth rate of earnings per share was 6.2% at December 31, 2015. CTBI continues to maintain a significantly higher level of capital than required by regulators in order to be designated as “well-capitalized.” To be “well-capitalized,” banks must maintain a Tier 1 leverage ratio of no less than 5.0%, a common equity Tier 1 capital ratio of no less than 6.5%, a Tier 1 risk based ratio of no less than 8.0%, and a total risk based ratio of no less than 10.0%. Our ratios as of December 31, 2015 were 12.40%, 14.58%, 16.70%, and 17.95%, respectively, all exceeding the threshold for meeting the definition of “well-capitalized.” On December 31, 2015, our tangible common equity/tangible assets ratio remained strong at 10.68%. Our stock is included in the Russell 2000 Index of small cap companies, providing us with a good benchmark for comparing our stock's performance. During the 10-year period ending December 31, 2015, CTBI produced an annualized return of 6.17%, while the Russell 2000 Index produced an annualized return of 6.80%. Our stock is traded on the prestigious NASDAQ Global Select Market (a founding stock selection) and is also one of 50 founding stocks of the NASDAQ's Dividend Achievers Index. An investment in CTBI stock on December 31, 2010 would have provided an annualized return of 9.80% as of December 31, 2015. $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 Book Value Per Share $23.31 $23.70 $21.61 $25.64 $27.12 2011 2012 2013 2014 2015 8 2015 Annual Report Customers Our customers – individuals, businesses, and organizations – know that they can turn to us, with confidence, for their many financial product and service needs. In 2015, Community Trust served more than 240,000 customers. We offer our customers a wide variety of banking products and services. We are committed to serving our customers, both large and small, with products and services designed to fit each customer's needs. In 2015, for the seventh consecutive year, we were recognized by the Small Business Administration (SBA) as the top community bank SBA lender in the Commonwealth of Kentucky based on the total number of loans. We also offer USDA guaranteed loans and an entire suite of commercial loans and leases, mortgage loans, and consumer loans. Our deposit related products and services include certificates of deposits, savings accounts, online banking and online bill payment (at www.ctbi.com), mobile banking, commercial account remote deposit capture, and commercial cash management services. We offer our customers convenient access to their accounts through our network of 85 ATMs. The total number of ATMs to which our customers have free access is more than 160. Please visit our website at www.ctbi.com/ctbi/about- us/atm-location-listing for a complete listing of our ATM locations. We are proud to announce that in 2016 we will expand our menu of mobile and online banking services to include mobile banking Check Remote Deposit Capture. This service will allow our customers to make a deposit into their account by taking a picture of a check with their smartphone. Also new in 2016, we will offer People Pay and External Transfers, which are banking products allowing customers to directly pay another person or transfer funds to an external account electronically from their Community Trust Bank account. We offer customers a full line of wealth and trust management, estate planning, and retirement planning services, in addition to full service brokerage and life insurance products. We have trust and wealth management professionals dedicated to helping individuals and businesses identify the right products and services to meet their unique needs. Our “community banking” operational philosophy enables us to develop a banking relationship with our customers, understand their financial needs, and serve them through our banking offices, our trust offices and our online banking system. We are proud to have served our customers for more than 112 years. In 2015, our banking franchise included 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, four banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee, all focused on providing outstanding service to our customers. 9 2015 Annual Report Employees Our employees are Community Trust's most valuable asset. Our more than 1,000 employee team works together to provide each customer the best service each and every day. Our continued success would not be possible without the dedication of our employees to meet the financial needs of our customers. We remain committed to providing our employees with opportunities for personal and professional growth, whether it is by providing reimbursement of educational expenses, encouraging attendance at seminars and in-house training programs, or by sponsoring memberships in local civic organizations. Our employees participated in numerous coaching, training, and education programs throughout the year. Additionally, Community Trust makes online training available to employees; as a result, employees completed 110 different online courses through our Regulatory University system. We actively support our employees with a wellness program. Since beginning the program in 2004, participating employees have experienced improvements in preventing cardiovascular disease, cancer, and diabetes. Many of our employees have experienced decreases in elevated medical risk factors, including alcohol consumption, tobacco usage, physical inactivity, high stress, high cholesterol, and high blood pressure. This ongoing positive impact to our medical plan is reflected in our employees not experiencing a premium increase since 2012. Our incentive programs and internal sales campaigns also promote an environment focused on sales and service. Participants can earn cash bonuses and win awards for top achievement. In February 2016, we held our 17 annual “Pinnacle of Success” awards banquet and recognized 51 employees for their outstanding performance in sales and service during the prior year. We have included the names of those employees, as well as the offices, markets, and regions recognized, following the Branch Locations listing on page 16. th We know that the success of our employees means success for your Company. Our employees' commitment to the mission of your Company and our constituents is evidenced by their ownership of the Company's stock. Through their 401(k) and ESOP plans, our employees collectively own 1.3 million shares, or 7.3%, of Community Trust Bancorp, Inc. stock, making them our largest shareholder. In 2015, Community Trust Bancorp, Inc. contributed $2.5 million to these plans. 10 2015 Annual Report Communities Our corporate motto is “building communities…built on trust .” We take this commitment seriously every day as we work to help our friends and neighbors fulfill their financial dreams. ® We are actively involved in every community we serve. We dedicate our resources, both human and financial, to help make the places where we live and work better, not only for current generations, but also for generations yet to come. Our continuing support of our communities, both financially and through the volunteer service of our employees, has helped build great places to live for both our customers and our fellow employees. During 2015, we donated more than $800,000 to community organizations involved in a wide variety of civic activities, including economic development, affordable housing, job creation, education, cultural enrichment, medical research, and health care. Community Trust employees provide leadership, monetary support, and countless volunteer hours to many exceptional local community organizations in all of the communities we serve. Our employees are active in a wide variety of community organizations, including Chambers of Commerce, United Way, One East Kentucky, YMCA, American Cancer Society's Relay For Life, Habitat for Humanity, Kentucky Blood Center, Diabetes Coalition, March of Dimes, little league sports programs, Boy and Girl Scouts of America, The Salvation Army, volunteer fire departments, home realtor and builder organizations, and independent and state supported colleges and universities. Our employees volunteer thousands of hours each year to these and other excellent local community organizations. In 2015, Community Trust continued to actively support the new organization SOAR (Shaping Our Appalachian Region) which was created to expand job opportunities; enhance the economy of the region; encourage innovation, entrepreneurship, geographic cooperation, and a diversified workforce; improve the quality of life of our citizens; and support all those working to achieve these goals. Community Trust has partnered with SOAR since its inception with support, including service in leadership positions and providing office space for its Pikeville, Kentucky headquarters. Community Trust is dedicated to helping our communities grow and prosper now and in the future, and we are proud to be a part of our hometowns across Kentucky, West Virginia, and Tennessee. CTBI Cash Contributions $811,000 $819,000 $854,000 $753,000 $621,000 2011 2012 2013 2014 2015 11 2015 Annual Report $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Executive Committee JEAN R. HALE Chairman, President and CEO Community Trust Bancorp, Inc. Chairman Community Trust Bank, Inc. and Community Trust and Investment Company MARK A. GOOCH Executive Vice President and Secretary Community Trust Bancorp, Inc. Director, President and CEO Community Trust Bank, Inc. Director and Vice President Community Trust and Investment Company ANDY WATERS Executive Vice President Community Trust Bancorp, Inc. Director, President and CEO Community Trust and Investment Company JAMES B. DRAUGHN Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/Operations Community Trust Bank, Inc. JAMES J. GARTNER Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/ Chief Credit Officer Community Trust Bank, Inc. C. WAYNE HANCOCK II Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/ Senior Staff Attorney Community Trust Bank, Inc. * STEVEN E. JAMESON Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/Chief Internal Audit & Risk Officer Community Trust Bank, Inc. ANDREW JONES Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/ Northeastern Region President Community Trust Bank, Inc. LARRY W. JONES Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/ Central Kentucky Region President Community Trust Bank, Inc. RICHARD W. NEWSOM Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/ Eastern Region President Community Trust Bank, Inc. RICKY D. SPARKMAN Executive Vice President Community Trust Bancorp, Inc. Executive Vice President/South Central Region President Community Trust Bank, Inc. KEVIN J. STUMBO Executive Vice President, CFO and Treasurer Community Trust Bancorp, Inc. Executive Vice President/CFO Community Trust Bank, Inc. Vice President Community Trust and Investment Company 12 2015 Annual Report * Non-voting Member Boards of Directors ** *** * ** *** JEAN R. HALE Chairman, President and CEO Community Trust Bancorp, Inc. Chairman Community Trust Bank, Inc. and Community Trust and Investment Company *** MARK A. GOOCH Executive Vice President and Secretary Community Trust Bancorp, Inc. Director, President and CEO Community Trust Bank, Inc. Director and Vice President Community Trust and Investment Company ANDY WATERS Executive Vice President Community Trust Bancorp, Inc. Director, President and CEO Community Trust and Investment Company * *** CHARLES J. BAIRD President Baird & Baird, P.S.C. Pikeville, Kentucky ** J. MARK CAMPBELL President Pevler Coal Sales Company, Inc. Pikeville, Kentucky * NICK CARTER Private Investor ** DAVID E. COLLINS Managing Partner Collins & Love, CPA's Pikeville, Kentucky *** E.B. LOWMAN II President Cardinal Management Ltd. Ashland, Kentucky KRISHNA M. MALEMPATI Vice President OM Ventures Inc. General Partner Parkhills Shopping Center Lexington, Kentucky JAMES E. MCGHEE II President Three JC Investments Pikeville, Kentucky FRANKY MINNIFIELD President Minnifield Enterprize, Inc. Lexington, Kentucky M. LYNN PARRISH President Marwood Land Company, Inc. Pikeville, Kentucky * DR. JAMES R. RAMSEY President University of Louisville Louisville, Kentucky * ANTHONY W. ST. CHARLES President and Chief Executive Officer A. W. St. Charles & Associates, Inc. Cincinnati, Ohio Boards of Directors Community Trust Bancorp, Inc. Community Trust Bank, Inc. Community Trust and Investment Company 13 2015 Annual Report Advisory Board Members Central Region Larry W. Jones Regional President Eastern Region Northeastern Region South Central Region Richard Newsom Regional President Andrew Jones Regional President Lexington Versailles Pikeville* Ashland Rodney Mitchell Market President Robert Cleveland Alice Kiviniemi Mark Wainwright, M.D. Winchester David Wills Market President Thomas R. Goebel Carl E. Jennings Robert M. Powe, Jr. David W. Underhill Gardner D. Wagers William Brett Keene Market President Andrew Jones Regional President Floyd/Knott/Johnson* David Tackett Market President Hazard Paul Daniels, Sr. Kurt Jaenicke, M.D. E. B. Lowman II E. B. Lowman III John McMeans Ann Perkins Janice Brafford-King Market President Advantage Valley William Bettinazzi Frances Feltner Meriwether W. Hall Charles Housley Barry Martin Syamala H. K. Reddy, M.D. Tim Short Alan Dale Williams Tug Valley Duanne Thompson Market President William F. Blackburn III James H. Caines Timothy A. Hatfield Philip Haywood John Mark Hubbard Paul E. Pinson Whitesburg Reed Caudill Market President Allen Burner Market President Randie G. Lawson Christopher J. Plybon Julian Saad Steve Smith William Jack Stevens Flemingsburg Emery O. Clark Market President Michael A. Boyd, M.D. Steven Humphries Duane Lowe T. Scott Perkins, D.M.D. James Sauer J.E. Smith, Jr. Frank Vice, D.V.M. Summersville Clovis Lawless Market President Herbert Caudill Bill Joe Collier Sam W. Quillen, Jr., D.M.D. Pauline C. Ritter-Combs Ellis Frame III David Michael Hughes Marshall Robinson Larry W. Jones Regional President James C. Baughman, Jr. Robert A. Branham Linda A. Carroll C. Glen Combs Jenny Dulworth-Albert Robert Kelly Danville/Harrodsburg David Maynard Market President Bob Allen Scott Burks James Walker Cox Bob Davis Bruce Harper James G. Ingram Alvis Johnson Myrna Miller Larry Scott, M.D. Walter “Skip” Stocker Mt. Sterling Bill McKenna Market President Byron Amburgey Marcus Shane Back Jeff Brother Reid Evans O. Keith Gannon Angela Patrick E. Dale Sorrell Richmond Tim Houck Market President Terrell Cobb Jeannette Crockett Alison Emmons David Fernandez James H. Howard Elizabeth McCarty David McFaddin Randall Stone Ricky Sparkman Regional President Campbellsville Ricky Sparkman Regional President Barry Bertram Salem M. George, M.D. Jerry Russell John Waldrop James Whitlock LaFollette Rhonda Longmire Market President George Ellison James C. Farris, M.D. Peggy Payne Tom Robards Conrad Troutman Robert L. Woodson III Middlesboro Tim Helton Market President Marcum Brogan Meredith J. Evans, M.D. S. A. Mars, Jr. Keith A. Nagle Richard H. Tamer Mt. Vernon Michael Blount Market President Martha Cox Connie Hunt Gary W. Mink Tommy Mink Williamsburg Ricky Sparkman Regional President R. Don Adkins E. L. Ballou, D.M.D. Ray F. Bryant Joseph E. Early, Sr. Paul Estes Vernon B. Faulkner Dallas B. Steely Mark S. Stephens Lonnie D. Walden 14 2015 Annual Report *These markets are served by the Community Trust Bank, Inc. Board of Directors. Shareholders’ Information Corporate Address Community Trust Bancorp, Inc. 346 North Mayo Trail P.O. Box 2947 Pikeville, KY 41502-2947 606.432.1414 www.ctbi.com Notice of Annual Meeting The annual meeting of the shareholders will be held at 10:00 a.m. on April 26, 2016 at: Community Trust Bancorp, Inc. 346 North Mayo Trail Pikeville, Kentucky Transfer Agent Inquiries relating to shareholder records, stock transfers, changes of ownership, changes of address, and dividend payments should be sent to the transfer agent at: Broadridge Corporate Issuer Solutions, Inc. P.O. Box 1342 Brentwood, NY 11717-0718 866.232.3034 720.358.3637 (International) shareholder@broadridge.com Inquiries may also be directed to Community Trust Bancorp, Inc.'s Stock Transfer Administrator, Marilyn Justice, at: Community Trust Bank, Inc. P.O. Box 2947 Pikeville, KY 41502-2947 606.437.3279 800.422.1090, ext. 3279 (Toll Free) justicma@ctbi.com Dividend Reinvestment Community Trust Bancorp, Inc. offers its shareholders an automatic dividend reinvestment program. The program enables shareholders to reinvest their dividends in shares at the prevailing market price. For more information, contact us at: Community Trust Bancorp, Inc. c/o Broadridge Corporate Issuer Solutions, Inc. P.O. Box 1342 Brentwood, NY 11717-0718 866.232.3034 shareholder@broadridge.com Form 10-K CTBI's annual report on Form 10-K filed with the Securities and Exchange Commission is available without charge on our website at www.ctbi.com or by writing: Community Trust Bancorp, Inc. Jean R. Hale Chairman, President & CEO P.O. Box 2947 Pikeville, KY 41502-2947 Registered Market Participants Automated Trading Desk Financial Services, LLC; Barclays Capital Inc./Le; BNY Mellon Capital Markets, LLC; Cantor, Fitzgerald & Co.; Citadel Securities LLC; Citigroup Global Markets Inc.; Credit Suisse Securities USA; G1 Execution Services, LLC; Goldman, Sachs & Co.; Keefe, Bruyette & Woods, Inc.; Knight Capital Americas LLC; Latour Trading LLC; Merrill Lynch, Pierce, Fenner & Smith, Inc.; Morgan Stanley & Co. LLC; Sandler O'Neill & Partners; Susquehanna Capital Group; Susquehanna Securities; Timber Hill Inc.; Two Sigma Securities, LLC; UBS Securities LLC; Wells Fargo Securities, LLC. 15 2015 Annual Report Branch Locations Central Region Danville Richmond Danville Main Street Danville Manor Harrodsburg 462 W. Main St. 1560 Hustonville Rd. 570 Chestnut St. 859-239-9200 859-239-9460 859-734-4354 Eastern By-Pass Richmond Main Berea North 860 Eastern By-Pass 128 W. Main St. 525 Walnut Meadow Rd. 859-624-4622 859-623-2747 859-985-0561 Lexington * Lexington Vine Beaumont Hamburg Leestown Pasadena Richmond Road Mt. Sterling Versailles 100 E. Vine St. 901 Beaumont Centre Pkwy. 2417 Sir Barton Way 109 Louie Place 185 Pasadena Dr., Suite 100 3090 Richmond Rd. 859-389-5350 859-223-1111 859-264-1938 859-258-2659 859-313-5425 859-269-0164 * Versailles Main Woodford Plaza Frankfort East Frankfort West Georgetown Wal-Mart 101 N. Main St. 480 Lexington Rd. 427 Versailles Rd. 1205 S. Hwy. 127 112 Osbourne Way 859-879-5400 859-879-5480 502-848-0913 502-696-0720 502-863-4693 Winchester Mt. Sterling Main Mt. Sterling North 110 N. Maysville St. 196 Evans Dr. 859-498-5332 859-497-6981 Winchester Main Winchester Plaza 120 S. Main St. 125 Winchester Plaza 859-745-7200 859-745-7200 Eastern Region Floyd/Knott/Johnson Allen Floyd County Paintsville Wal-Mart Knott County 6424 Ky Rt. 1428 161 S. Lake Dr. 470 N. Mayo Trl. 107 W. Main St. Hazard Airport Gardens Black Gold Hazard Village 1665 Combs Rd. 100 Citizens Ln. 101 Village Ln. 606-874-0408 606-886-2382 606-788-9934 606-785-5095 606-487-2160 606-436-2157 606-487-2152 Tug Valley Williamson Tug Valley 101 E. 2nd Ave. 28160 US Hwy. 119 304-235-5454 606-237-6051 Northeastern Region Advantage Valley Alum Creek Hamlin Fort Gay Pullman Square Flemingsburg 315 Midway Rd. 8049 Lynn Ave. 3200 Court St. 952 3rd Ave. 304-756-3317 304-824-7223 304-648-7200 304-697-0272 Ewing Flemingsburg Main South Ridge 1527 Ewing Rd. 36 Brookhaven Dr. 108 Clark St. 606-267-2061 606-845-3551 606-849-2304 Pikeville * Elkhorn City Marrowbone Mouthcard Phelps Pikeville Main Pikeville Main Street Pikeville Wal-Mart Town Mountain Virgie Weddington Plaza Whitesburg Whitesburg Main West Whitesburg Jenkins Isom Neon Ashland * Ashland Main South Ashland Summit Westwood Russell Summersville 211 Russell St. 10579 Regina Belcher Hwy. 32 N. Levisa Rd. 38720 State Hwy. 194 E. 346 N. Mayo Trl. 137 Main St. # 4 254 Cassidy Blvd. 105 Northgate Dr. 1056 KY Hwy. 610 W. 4205 North Mayo Trl. 155 Main St. 24 Pkwy. Plaza Loop 9505 Hwy. 805, Suite A 56 Isom Plaza 1001 Hwy. 317 606-754-5589 606-754-4462 606-835-4907 606-456-8701 606-432-1414 606-437-3326 606-437-0048 606-437-3323 606-639-4451 606-432-4529 606-633-0161 606-633-4532 606-832-2477 606-633-5995 606-855-4435 1544 Winchester Ave. 2101 29th St. 7100 US Route 60 721 Wheatley Rd. 970 Diederich Blvd. 606-329-6000 606-329-6600 606-928-9555 606-329-6610 606-329-6680 Summersville 507 Main St. 304-872-2711 South Central Region Campbellsville Campbellsville Main First Street Columbia Greensburg Lebanon Somerset North Somerset South Jamestown Williamsburg 1218 E. Broadway 315 E. 1st St. 1005 Jamestown St. 205 S. Main St. 521 W. Main St. 239 N. Hwy. 27 3809 S. Hwy. 27 752 N. Main St. Williamsburg Main Convenience Center Corbin London Main London North 201 N. Third St. 895 S. Hwy. 25 W. 678 US Hwy. 25 W. 1706 Hwy. 192 W. 38 Shiloh Dr. 270-789-5900 270-789-5900 270-384-4771 270-932-7464 270-692-0064 606-679-8826 606-679-8446 270-343-2556 606-549-5000 606-539-2251 606-526-8777 606-877-2644 606-864-2439 Middlesboro Middlesboro Main Middlesboro East Pineville Mt. Vernon 1918 Cumberland Ave. 1206 E. Cumberland Ave. 11792 US Hwy. 25 E. 606-248-9600 606-248-9642 606-337-6122 Mt. Vernon Main Mt. Vernon Downtown 2134 Lake Cumberland Rd. 120 Main St. 606-256-5141 606-256-5142 LaFollette * LaFollette Main LaFollette Mall Jacksboro Clinton 106 S. Tennessee Ave. 2205 Jacksboro Pike 2603 Jacksboro Pike 2106 Charles G. Seivers Blvd. 423-562-3364 423-562-9918 423-566-7800 865-457-8684 *Community Trust and Investment Company has offices in these locations. 16 2015 Annual Report 2016 for their 2015 Sales & Service Individual Success Joan Abner Donna Angel Steve Belcher Cindy Blanton Mike Bonfield Steven Booth Janice Brafford-King Allen Burner John R. Caldwell Gerrie Clark Kellan Clark Forrest Cook Amy Pollock Dailey Tina M. Davis Halie Elswick Dorothy Franklin Tim Houck Andrew Jarvis Brett Keene Robert Kelly Savi Kumar Clovis B. Lawless Rhonda S. Longmire Virginia Maggard Dave Maynard Charlene Miller Gaylon D. Neat Richard R. Newsome Bruce Nichols Tracy Osborne Barry Pennington Ricky Peterson Edward Pope Tiffany Reeder Ty Reynolds Melissa Rhodes Jeremy Rigney Amy Selvage Erin Serrate Tyler Shockey Roger Smith Willie T. Swatzell Helena Syck David Tackett Cathy Taylor Jody L. Thompson Betty Tibbs Bob Watson Bethany Wiggins-Lagoe David Wills Nick Woods Team Success Ashland Main Office Ashland Market Berea North Office Central Region Eastern Region Flemingsburg Main Office Lexington Market Northeastern Region Pikeville Main Office Pikeville Market Richmond Main Office Richmond Market www.ctbi.com
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