Lenders › Community Trust Bank, Inc.
7(a) lenderPikeville, KentuckyFDIC-insured bank109th of 2,184 by approvals
Community Trust Bank, Inc.
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Community Trust Bank, Inc., based in Pikeville, Kentucky, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 349 of its 7(a) loans worth $92.2M in FY2021 to FY2025, which places it 109th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 74 approvals totalling $17.9M, up 17% on FY2024 (63). FY2026 to 30 Jun 2026 adds 27 more.
The median approval was $120K, against $190K for the 7(a) program as a whole; 59.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 6 states and territories and 72 counties, led by Kentucky (84.5%), West Virginia (8.6%) and Tennessee (3.2%). The largest industry group was retail trade at 21.8% of approvals, and 8.3% of approvals were to franchise businesses.
Of 889 disbursed loans approved in FY2010 to FY2021, SBA records 87 as charged off (9.8%), 672 as paid in full and 130 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 27 | $13.4M | $150K | $496K | 435 |
| FY2025 | 74 | $17.9M | $138K | $242K | 682 |
| FY2024 | 63 | $18.6M | $150K | $295K | 483 |
| FY2023 | 58 | $16.7M | $120K | $288K | 396 |
| FY2022 | 67 | $11.9M | $100K | $178K | 558 |
| FY2021 | 87 | $27.0M | $125K | $310K | 950 |
| FY2020 | 63 | $9.2M | $78K | $146K | 356 |
| FY2019 | 69 | $9.3M | $50K | $134K | 598 |
| FY2018 | 71 | $13.6M | $81K | $191K | 374 |
| FY2017 | 76 | $16.7M | $66K | $220K | 859 |
| FY2016 | 74 | $11.8M | $72K | $160K | 544 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 353 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Kentucky | 7(a) program |
|---|---|---|---|
| Approvals in these years | 946 | 5,807 | 639,905 |
| Cancelled or never disbursed | 57 | 717 | 79,313 |
| Disbursed loans | 889 | 5,090 | 560,592 |
| Paid in full | 672 | 4,088 | 435,813 |
| Charged off | 87 | 341 | 36,891 |
| Still outstanding (status exempt from disclosure) | 130 | 661 | 87,888 |
| Charged off, share of disbursed loans | 9.8% | 6.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.5% | 3.4% | 2.5% |
| Dollars charged off | $7.0M | $55.4M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 80 | 32 | 4 | 5.0% | 2.8% |
| FY2020 | 57 | 37 | 1 | 1.8% | 4.0% |
| FY2019 | 67 | 46 | 1 | 1.5% | 6.7% |
| FY2018 | 69 | 53 | 4 | 5.8% | 7.9% |
| FY2017 | 73 | 62 | 3 | 4.1% | 7.7% |
| FY2016 | 69 | 53 | 7 | 10.1% | 7.2% |
| FY2015 | 78 | 66 | 8 | 10.3% | 6.9% |
| FY2014 | 85 | 74 | 8 | 9.4% | 6.4% |
| FY2013 | 84 | 73 | 6 | 7.1% | 6.0% |
| FY2012 | 60 | 46 | 11 | 18.3% | 6.3% |
| FY2011 | 93 | 73 | 18 | 19.4% | 6.9% |
| FY2010 | 74 | 57 | 16 | 21.6% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $120K | $190K |
| Average approval | $264K | $518K |
| Approvals of $150,000 or less | 59.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 33.8% | 34.3% |
| Approvals to franchise businesses | 8.3% | 11.5% |
| Jobs supported per approval, as reported | 8.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 9.8% | 6.6% |
States served
| # | State of the business (6 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Kentucky | 295 | $64.2M | 84.5% | |
| 2 | West Virginia | 30 | $8.3M | 8.6% | |
| 3 | Tennessee | 11 | $13.5M | 3.2% | |
| 4 | Ohio | 11 | $5.8M | 3.2% | |
| 5 | Virginia | 1 | — | 0.3% | |
| 6 | Georgia | 1 | — | 0.3% |
In Kentucky the lender accounts for 12.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (72 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pike County, KY | 47 | $7.6M | 13.5% | |
| 2 | Fayette County, KY | 28 | $3.8M | 8.0% | |
| 3 | Woodford County, KY | 27 | $5.6M | 7.7% | |
| 4 | Scott County, KY | 20 | $2.9M | 5.7% | |
| 5 | Mingo County, WV | 15 | $2.9M | 4.3% | |
| 6 | Jefferson County, KY | 15 | $2.3M | 4.3% | |
| 7 | Floyd County, KY | 12 | $2.1M | 3.4% | |
| 8 | Boyd County, KY | 11 | $3.2M | 3.2% | |
| 9 | Montgomery County, KY | 9 | $1.8M | 2.6% | |
| 10 | Pulaski County, KY | 8 | $2.6M | 2.3% | |
| 11 | Hardin County, KY | 8 | $1.4M | 2.3% | |
| 12 | Madison County, KY | 7 | $3.8M | 2.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 76 | 21.8% | |
| 2 | Health Care and Social Assistance | 45 | 12.9% | |
| 3 | Accommodation and Food Services | 38 | 10.9% | |
| 4 | Transportation and Warehousing | 38 | 10.9% | |
| 5 | Construction | 36 | 10.3% | |
| 6 | Other Services (except Public Administration) | 28 | 8.0% | |
| 7 | Manufacturing | 23 | 6.6% | |
| 8 | Arts, Entertainment, and Recreation | 14 | 4.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 27 | 7.7% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 26 | 7.4% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 22 | 6.3% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 17 | 4.9% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 14 | 4.0% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 13 | 3.7% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 10 | 2.9% | |
| 8 | Gasoline StationsNAICS 4571 | 9 | 2.6% | |
| 9 | Clothing StoresNAICS 4481 | 9 | 2.6% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 2.3% |
Approval sizes
- $50,000 or less29.5%103
- $50,001 to $150,00029.8%104
- $150,001 to $350,00022.9%80
- $350,001 to $1 million14.0%49
- $1 million to $2 million1.7%6
- Over $2 million2.0%7
Loan terms
- 5 years or less20.1%70
- Over 5 to 10 years60.2%210
- Over 10 to 20 years14.0%49
- Over 20 years5.7%20
Age of the businesses
- Existing, more than 2 years old53.0%185
- New business, 2 years or less14.3%50
- Startup, loan funds will open the business19.5%68
- Change of ownership13.2%46
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 269 | 77.1% | |
| 2 | 7a General | 77 | 22.1% | |
| 3 | 7(a) WCP | 3 | 0.9% |
Franchise share
29 of 349 approvals in FY2021–FY2025 (8.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Device Pitstop | 2 | 0.6% | |
| 2 | Giovanni's Pizza | 2 | 0.6% | |
| 3 | The Exercise Coach | 2 | 0.6% | |
| 4 | LeanFeast | 2 | 0.6% | |
| 5 | Best Western | 1 | 0.3% | |
| 6 | Tribute Portfolio | 1 | 0.3% | |
| 7 | Gatti's Pizza | 1 | 0.3% | |
| 8 | Fazoli's | 1 | 0.3% |
Questions and answers
How many SBA loans does Community Trust Bank, Inc. make?
SBA approved 74 7(a) loans through Community Trust Bank, Inc. in FY2025, worth $17.9M, and 349 over FY2021 to FY2025. That ranks 109th of 2,184 active 7(a) lenders by number of approvals.
How large are Community Trust Bank, Inc.'s typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $120K and the average $264K. The program-wide median was $190K.
What is Community Trust Bank, Inc.'s charge-off rate?
Of 889 disbursed loans approved in FY2010 to FY2021, SBA records 87 as charged off (9.8%), 672 as paid in full and 130 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Community Trust Bank, Inc. lend to most?
By number of approvals in FY2021 to FY2025: general freight trucking (27); restaurants and other eating places (26); offices of other health practitioners (22); building equipment contractors (17).
Where does Community Trust Bank, Inc. make SBA loans?
In 6 states and territories. Kentucky 295, West Virginia 30, Tennessee 11, Ohio 11, Virginia 1. In Kentucky it accounts for 12.2% of all 7(a) approvals.
Is Community Trust Bank, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 195, against 217 in the three before: falling (-10%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error