Central Bank & Trust Co.
Lexington, Kentucky · $4.01B in assets · beside the 11 other the South Central states banks between $3B and $10B (the state alone holds too few in the band to rank)
The filing
Central Bank & Trust Co. is the second largest of the 12 the South Central states banks nearest its size between $3B and $10B, with $4.01B in assets at 30 June 2026. Loans are 96.6% of deposits, 10th of 12 against a median of 83.4%, and equity is 12.5% of assets, 3rd of 12. Loans grew +5.3% in the year, 8th of 12, and deposits grew 6.0%; the cohort's median loan growth is +6.9%.
Noncurrent loans are 0.21% of the book, 4th of 12 against a median of 0.56%; 0.08% is 30 to 89 days past due, and the allowance covers them 4.6 times. Commercial real estate is 45.8% of loans, the highest in the cohort against a median of 30.3%, and 261% of capital, below the 300% screen, with construction at 54% against the 100% screen. CRE has grown +51.7% over 36 months, past the guidance's 50% prong.
Return on assets is 1.26%, 5th of 12 against a median of 1.16%, on an efficiency ratio of 69.7%, 9th of 12. Five years ago it was 0.97%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 12.5% of loans).
SBA 7(a), FY2008 to FY2026
Central Bank & Trust Co. is the 40th largest 7(a) lender into Kentucky of 267, with $17M across 40 loans, 0.6% of everything approved in the state (The Huntington National Bank leads with $254M). 9 of its 13 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Fayette, KY | $11M | 10th of 85 | 3.4% | -5.5 pts |
| Jefferson, KY | $2M | 64th of 123 | 0.2% | thin |
| Jessamine, KY | $2M | 7th of 31 | 5.1% | thin |
| Bath, KY | $925K | 3rd of 9 | 16.6% | thin |
| Dupage, IL | $739K | 129th of 188 | 0.0% | quiet FY2013 |
| Clark, KY | $686K | 13th of 26 | 2.6% | quiet FY2015 |
| Kenton, KY | $673K | 35th of 52 | 0.3% | quiet FY2010 |
| Franklin, KY | $360K | 10th of 20 | 1.7% | quiet FY2021 |
| Hamilton, OH | $254K | 115th of 122 | 0.0% | quiet FY2019 |
| Boone, KY | $234K | 50th of 62 | 0.2% | quiet FY2009 |
| Garrard, KY | $138K | 7th of 12 | 2.7% | quiet FY2014 |
| Powell, KY | $130K | 5th of 6 | 5.2% | quiet FY2019 |
| Woodford, KY | $64K | 15th of 18 | 0.3% | quiet FY2017 |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Construction | 3 | $4M | 20.1% | 0.01% | 686th of 2,063 |
| Retail trade | 9 | $3M | 17.2% | 0.01% | 933rd of 2,589 |
| Accommodation & food services | 10 | $3M | 15.8% | 0.00% | 1070th of 2,596 |
| Professional & technical services | 3 | $1M | 7.9% | 0.00% | 859th of 1,955 |
| Manufacturing | 2 | $1M | 7.4% | 0.00% | 1259th of 2,246 |
Commercial real estate against capital
| Central Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 261% | 11th of 12 | 213% |
| Construction against capital, the 100% screen | 54% | 5th of 12 | 60% |
| Construction and land development, share of loans | 9.5% | 7th of 12 | 9.3% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 24.9% | 10th of 12 | 16.4% |
| Total CRE, the guidance definition, share of loans | 45.8% | 12th of 12 | 30.3% |
| CRE growth over 36 months, the third prong | +51.7% | 10th of 12 | +25.6% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $4.02B | 1.5% | 47.4% | 0.48% | 0.02% | 1.4% | 81.6% | 8.8% | |
| $4.01B | 1.3% | 69.7% | 0.21% | -0.03% | 1.0% | 96.6% | 12.5% | |
| $3.89B | 0.4% | 68.9% | 2.30% | 1.33% | 1.9% | 50.9% | 6.7% | |
| $3.86B | 1.1% | 74.0% | 1.60% | 0.42% | 1.8% | 85.2% | 8.4% | |
| $3.85B | 1.2% | 63.3% | 0.63% | 0.02% | 1.2% | 95.2% | 11.5% | |
| $3.83B | 1.1% | 64.1% | 0.12% | 0.00% | 1.0% | 70.5% | 8.3% | |
| $3.70B | 0.4% | 85.2% | 0.17% | 0.14% | 1.3% | 81.2% | 8.4% | |
| $3.63B | 1.3% | 56.2% | 0.31% | 0.14% | 1.0% | 102.8% | 7.8% | |
| $3.60B | 1.4% | 59.3% | 0.95% | 0.06% | 1.2% | 90.3% | 13.6% | |
| $3.58B | 0.7% | 71.4% | 2.66% | 0.09% | 0.6% | 96.6% | 8.6% | |
| $3.31B | 1.5% | 53.7% | 0.11% | 0.01% | 1.1% | 77.8% | 11.3% | |
| $3.31B | 1.1% | 65.3% | 0.77% | 0.10% | 1.3% | 80.3% | 13.3% |
| Central Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $2.40B | $3.01B | +26% | $1.74B | $2.80B | +61% |
| Deposits | $2.86B | $3.12B | +9% | $2.30B | $3.17B | +38% |
| NPA / loans | 0.58% | 0.21% | -0.37 pts | 0.65% | 0.56% | -0.09 pts |
| Efficiency | 72.1% | 69.7% | -2.4 pts | 63.8% | 64.7% | +1.0 pts |
| ROA | 0.97% | 1.26% | +0.29 pts | 1.09% | 1.16% | +0.07 pts |
This read was prepared for Central Bank & Trust Co.'s board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Central Bank & Trust Co. is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort South Central states banks $3B to $10B
Institution www.centralbank.com
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