8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C., 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported)

July 31, 2007

CITY HOLDING COMPANY

(Exact Name of Registrant as Specified in its Charter)

Commission File Number: 0-17733

West Virginia	55-0169957
(State or Other Jurisdiction of	(I.R.S. Employer
Incorporation or Organization)	Identification No.)

25 Gatewater Road, Cross Lanes, WV 25313

(Address of Principal Executive Offices, Including Zip Code)

304-769-1100

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

-1-

Section 7 – Regulation FD

Item 7.01 – Regulation FD Disclosure.

On July 31, 2007, Charles R. (Skip) Hageboeck, President and CEO of City Holding Company (“the Company”) and David L. Bumgarner, the Company’s Senior Vice President & Chief Financial Officer, delivered a presentation regarding the Company’s financial performance to a group of analysts and investors at the Keefe Bruyette & Woods 2007 Community Bank Investor Conference held in New York, NY.

Copies of the slides used in the presentation will be available on the Company’s web site at www.cityholding.com and are attached as Exhibit 99.1 and incorporated herein by reference.

This Report, including its exhibit, which is furnished under Section 7, Item 7.01 of Form 8-K, is not to be deemed an admission as to the materiality of any information in the Report that is required to be disclosed by Regulation FD.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

99.1 Copy of slide presentation

Signatures

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.

Dated: July 31, 2007	City Holding Company
By:	/s/ David L. Bumgarner
	David L. Bumgarner
	Chief Financial Officer

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EX-99.1

KBW 8th Annual Community 

Bank Investor Conference

July 2007

 Skip Hageboeck   David Bumgarner

 President & CEO   CFO

Forward Looking Statements

This news release contains certain forward-looking statements that are included pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such information involves
risks and uncertainties that could result in the Company’s actual results differing from those
projected in the forward-looking statements. Important factors that could cause actual results to
differ materially from those discussed in such forward-looking statements include, but are not
limited to, (1) the Company may incur additional loan loss provision due to negative credit quality
trends in the future that may lead to a deterioration of asset quality; (2) the Company may incur
increased charge-offs in the future; (3)  the Company may experience increases in the default rates or
decreased prepayments on previously securitized loans that would result in im
pairment losses or
lower the yield on such loans; (4) the Company could have adverse legal actions of a material
nature; (5) the Company may face competitive loss of customers; (6) the Company may be unable to
manage its expense levels; (7) the Company may have difficulty in retaining key employees; (8)
changes in the interest rate environment may have results on the Company's operations materially
different from those anticipated by the Company's market risk management functions; (9) changes
in general economic conditions and increased competition could adversely affect the Company's
operating results; (10) changes in other regulations and government policies affecting bank holding
companies and their subsidiaries, including changes in monetary policies, could negatively impact
the Company's operating results; and (11) the Company may experience difficulties growing loan
and deposit balances.  Forward-looking statements made herein reflect management’s expectations
as 
of the date such statements are made. Such information is provided to assist stockholders and
potential investors in understanding current and anticipated financial operations of the Company
and is included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. The Company undertakes no obligation to update any forward-looking statement to reflect
events or circumstances that arise after the date such statements are made.

City Holding Company:

Headquartered In Charleston WV

City Holding Company

nTotal Assets at June 30, 2007  $2.5 bil
          

nNet Income in 2006$53 mil
          

nBranches         68

nFTE      807

nMarket Cap        $640 mil
          

nInstitutional Ownership            54%
          

nAvg Daily Volume         $2.4 mil

Key Markets

  1^st& 9% Market Share in

Huntington WV/Ashland KY

         MSA $3.7 Billion

       2^nd& 12% Market Share

in WV’s largest market; $4.7B

1^st& 27% Market Share

          $1.7 Billion

8% Market Share in Morgan,

Berkeley & Jefferson Co. WV

           $1.9 Billion

CHCO History

n1871 - City’s oldest affiliate

n1957 - City National Bank 

n1982 - City Holding Company

n1985 - 1998 Acquisitions

n1997 - 1999 Acquisition of Non-Bank Subsidiaries
& Move into High LTV 2nd Mortgages; Asset
    quality deteriorates

n2000 - Placed under Formal Agreement with OCC
and Fed; CEO terminated

n2001 - 2002 Turnaround

n2005-2007 Renewed focus on growth with
profitability

Today’s Themes:

nCHCO: Consistently superior results

nCHCO: Conservative operating platform

nCHCO: Growing and succeeding in
slow-growth markets

nCHCO: Value in the Banking Sector

CHCO is consistently and 
extraordinarily  profitable:

2004

2005

2006

YTD
2007

Reported ROA

2.10%

2.09%

2.11%

2.02%

ROTE

23.2%

22.3%

22.4%

20.7%

Tangible Equity/TA

9.7%

9.5%

10.1%

9.6%

NIM

4.29%

4.49%

4.56%

4.36%

Efficiency Ratio

48.7%

46.7%

44.5%

45.3%

Non-Int Rev/Total Rev

33%

34%

34%

35%

Since 2003 CHCO faced “normalization”
of provision and loss of PSL revenues:

Yet, strong bottom line results continue:

ROA

EPS

1.Conservative Loan Portfolios

2.Strong Core Deposit Franchise

3.Highly Liquid

4.Strongly Capitalized

5.Strong Asset Quality

6.Strong Fee Income vs. NII

7.Well Managed Interest Rate Risk

Although highly profitable,
CHCO is conservatively positioned:

Conservative Loan Portfolio Mix

Loan to Deposits 84.5%

Loan to Deposits 94.5%

Sample of 250 publicly traded banks and
thrifts with assets between $1-$10 billion as
of December 31, 2006

As of December 31, 2006

Solid Loan Quality

As of June 30, 2007

Sample of 250 publicly traded banks and
thrifts with assets between $1 and $10
billion as of March 31, 2007

YTD Gross Charge-offs 2007

1.Overdrafts are
significant

2. Credit Cards
sold in 2006 

3. Acquired Loans
of lower credit
quality and were
reserved at
acquisition

$1.816 MM

$155 M

$563 M

$144 M

Asset Quality Deterioration:
Reflecting two large relationships
which were placed on Non-accrual in the 1st & 2nd quarters

NPA’s to Loans & OREO

Largest Non-accrual Loans

nLoan #1    $5 mil Resid. RE Devel.

3 spec homes in exclusive neighborhood of vacation
homes;

    Borrower experiencing cash flow problems;
Collateral & Guarantee dependent.

nLoan #2    $3.4 milVacation Home

Home & additional lot in exclusive neighborhood of
vacation homes; Customer Bankrupt. Loan represents
87% of cost.

nLoan #3    $0.5 milRental Real Estate

Rental Homes in Charleston; Customer in bankruptcy

nLoan #4    $0.5 milResidence

Residence in Charleston; Customer in bankruptcy

nLoan #5     $0.5 milResidence

Residence in Ashland; Customer in bankruptcy

nLoan #6   $0.3 milComm’l Real Estate

 80% LTV with 75% SBA Guarantee

nLoan #7   $0.1 milResidence

Past-Due Loans (30+ days)

12/31/05

12/31/06

6/30/07

Residential

1.14%

0.76%

0.56%

Home Equity

0.37%

0.34%

0.27%

Consumer

2.32%

0.99%

0.85%

CMRE

0.11%

0.03%

0.34%

C&I

0.12%

1.47%

0.27%

Excluding Non-accruals, Past-due loans
continue to improve reflecting stronger
underwriting implemented since 2002

Liabilities: Low Cost and Stable Deposits

Data: December 31, 2006

CHCO’s Cost of Funds Advantage:

CHCO

Peers

Advantage

CD’s

3.96%

4.23%

27 Bps

Interest Bearing
Deposits

2.71%

3.19%

48 Bps

Total Deposits

2.25%

2.77%

52 Bps

Interest Bearing
Liabilities

2.90%

3.54%

64 Bps

Data: 2006. Peers are $1 to $10 billion banks

Favorable Revenue Profile for the
current yield curve environment:

34%

21%

79%

66%

*As of December 31, 2006. Non-interest
income excludes security gains

Sample of 250 publicly traded banks and
thrifts with assets between $1 and $10
billion as of December 31, 2006

92^nd percentile

City is Highly Efficient

2004 Efficiency Ratio adjusted to eliminate $5.5 million in revenue from Legal
Settlement and associated legal expenses of $500M;  Peers: Sample of 206
publicly traded banks and thrifts with assets between $1 to $10 Billion as of
December 31, 2006

Strong Capital facilitates growth and
provides opportunities for 2007:

CHCO

6/30/07

Peer 

Median

12/31/06

Equity/Assets

12.1%

8.9%

Tang Equity/Tang
Assets

9.6%

7.1%

Leverage Ratio

10.5%

Tier I Capital Ratio

15.2%

11.3%

Total Risk-based
Capital Ratio

16.1%

12.6%

Source: SNL for 206 publicly traded banks with total assets from $1 to $10
billion

CHCO is growing in
slow-growth markets:

uInternal Loan Growth

uInternal Deposit Growth

uImprovements to Retail Distribution
System

uAcquisition

Loan Growth: challenged by slower
economy & low long-term rates

2003

2004

2005

2006

2007
YTD

Commercial

9.8%

10.4%

16.3%

10.9%

2.3%

Residential

negative

5.2%

3.0%

1.0%

0.9%

Home Equity

34.1%

9.1%

negative

6.7%

5.3%

Consumer

negative

negative

negative

negative

20.7%

Growth in 2005 excludes Classic Acquisition

Loan Mix:
Strong Commercial Opportunity

City’s Retail Business Model

nProduct: Best in class 

nPlace: Strong distribution network

nPromotion: Targeted marketing

nPeople: Alignment between staff, key
performance measures, and compensation

nPricing: competitive in all markets

Best in Class Products:
an early adopter of Totally Free
Checking

2001-2004

nSuccessful early adoption of Totally Free
Checking

nGrowth slowed as competitors imitated City’s
success

2005-2007

nLaunched 2nd Generation of accounts with
monthly fee

nRe-invigorated new account generation

Average

of 2,372

in 2004

Average

of 2,657

in 2005

Average

of 2,674

 YTD in

  2006

Gave us the lift we wanted…
New Consumer DDA Accountsopenings per month

18% CAGR

2^nd Q 2001 to 2^nd Q 2007

And the corresponding revenues:

Optimizing our Retail Distribution
System:

City’s Wal-Mart Strategy

nPart of a Hub and Spoke distribution
strategy

nOpenings 

uCharleston - 2004

uHuntington - 2004

uBeckley - 2005

uAshland - 2005

uRipley - 1st Quarter 2007

Consolidations/Renovations/Relocations:
Our New Downtown Charleston Office

Housing Retail, Trust, Commercial & Private Banking

Opened 2006

October 2006:
Newest branch opened in
Charles Town WV (60 miles from
Washington DC)

Opened July 2007:
Our new eastern
panhandle HQ:

DeNovo Entry into new markets:

nBluefield WV-VA

uCounty Deposits: $1.7 billion

uBranches: 50

uLargest Market Competitors: BBT (27%), FCBC
(26%)

Other Strategic Opportunities

Capital Flexibility 

Dividends 

- Increased 10% in April 2004 to $0.88

-Increased 13.6% in April 2005 to $1.00

-Increased 12% in April 2006 to $1.12

-Payout ratio in 2006: 37%

-Increased 10.7% in April 2007 to $1.24

Share Repurchases

-Tangible Capital @ 10.06% @ 12/31/2006

-Purchased 580,200 shares YTD in 2007 at average price of
$39.14 (3.4% of outstanding)

-Tangible Capital @ 9.58% @ 6/30/07

-Holding Company had $34 million in cash at
6/30/07

-CHCO’s strong profitability allows greater long-term share
repurchase activity than peers

Acquisitions:

$100MM to $500MM in assets

Markets in or adjacent to CHCO footprint

Retail Opportunity

Accretive to EPS in first full year

Industry Challenges for 2007

nFlat Yield Curve & NIM Compression

uCHCO is less dependent on NII for revenue than peers

uCHCO has demonstrated strong management of NII/NIM by
delivering promised results to rising rates

nLower short-term rates would be challenging

uCHCO has purchased interest rate floors

uCHCO maintains significant short-term investment assets which
could be moved into long-term bonds 

nAsset Quality is at its peak

uCHCO’s loan to deposit ratio is less than peers

uCHCO has focused on real-estate secured lending

uReal estate prices in CHCO markets have been subdued

uCHCO mortgage lending has been traditional ARM’s

uPast-due loans remain stable at CHCO

nHousing is in decline

uCHCO’s profitability has not been dependent upon mortgage
banking

uHousing in CHCO’s markets has been generally stable 

Previously Securitized Loans:
A unique challenge for CHCO which was met in
2005 and 2006 thru loan growth and a balance
sheet positioned to benefit from rising rates

2004

2005

2006

2007

Projected

2008

Projected

2009
Projected

Average
Balances

$83.5
MM

$42.9
MM

$22.3
MM

$12.1 MM

$7.5 MM

$5.5 MM

Rate

17.4%

26.6% 

42.2% 

64% 

71% 

71%

Gross
Interest
Revenue

$14.5
MM

$11.4
MM 

$9.4
MM

$7.0 MM

$5.4 MM

$4.0MM

CHCO remains positioned to benefit
from rising rates (with balance
sheet neutral):

Immediate Basis
Point Change in
Interest Rates

Estimated Increase of
Decrease in Net
Income between 1-12
months

+200 Bp

+3.7%

+100 Bp

+1.6%

-100 Bp

-2.1%

-200 Bp

-4.2%

Data: June 30, 2007

Interest Rate Risk:

Net Interest Margin:
CHCO’s margin has been adversely
affected by loss of Previously Securitized
Loans and Credit Cards (3rd Q 2006)

Prime Rate

CHCO

5 yr swap

CD’s:   Repricing has been detrimental to
NII.  In future, repricing rate is comparable
to maturing rate.

Re-mixing:

12/31/06

12/31/05

Change

Avg Rate
for 2006

IB DDA

$423

$438

($15)

1.22%

Savings

$321

$303

$18

1.27%

Time

$920

$812

$108

3.96%

ST Borrowing

$136

$152

($16)

3.55%

LT Debt

$48

$98

($50)

5.33%

DDA

$321

$376

($55)

0.00%

Equity & OL

$337

$323

$14

0.00%

Note: Used EOP Data due to Classic Acquisition

Pricing Metrics*:

nPrice to Book: 210%

nPrice to Tangible Book: 262%

nPrice to 2008 Projected Earnings** 11.6x

nInstitutional Ownership54%

*Based on Price of $36.63 (close of business 7/18/07)

** Based on Analyst estimates for 2008 of $3.16

CHCO trades at a discounted P/E
ratio relative to Peers:

CHCO Checklist for success in
current environment:

nStrong Net Interest Margin - Yes

nStrong NIM Management - Yes

nDependence on NII - Lower than peers

nDisciplined competition -Generally True

nAbility to grow share - Yes

nExploiting opportunities for growth in stable mkts: Yes

nOpportunity to grow into adjacent markets - Some

DeNovo in Princeton WV in late 2007

nManagement - Strong as demonstrated by long-term
sustained performance

nEfficient Cost Structure - Yes

nCapital Management Opportunities  - Yes