City Holding Company (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2011

City Holding Company (Parent Company Only) Financial Information [Abstract]

City Holding Company (Parent Company Only) Financial Information

Note Twenty-One

City Holding Company (Parent

Company Only) Financial

Information

Condensed Balance Sheets

	December 31
(in thousands)	2011		2010
Assets
Cash	$	2,621	$	2,249
Securities available-for-sale		3,852		4,693
Investment in subsidiaries		319,940		321,798
Deferred tax asset		3,785		3,440
Fixed assets		12		13
Other assets		2,939		4,480
Total Assets	$	333,149	$	336,673
Liabilities
Junior subordinated debentures	$	16,495	$	16,495
Dividends payable		5,177		5,272
Accrued interest payable		31		27
Other liabilities		312		18
Total Liabilities		22,015		21,812
Shareholders' Equity		311,134		314,861
Total Liabilities and Shareholders' Equity	$	333,149	$	336,673

Junior subordinated debentures represent the Parent Company's amounts owed to City Holding Capital Trust III.

Condensed Statements of Income

	Year Ended December 31
(in thousands)	2011			2010			2009
Income
Dividends from subsidiaries	$	44,600		$	17,200		$	39,500
Other income		92			156			262
		44,692			17,356			39,762
Expenses
Interest expense		639			641			757
Investment securities losses		918			3,643			1,720
Other expenses		613			594			571
		2,170			4,878			3,048
Income Before Income Tax Benefit and Equity in Undistributed Net Income (Excess Dividends)  of Subsidiaries		42,522			12,478			36,714
Income tax benefit		(704	)		(2,066	)		(1,172	)
Income Before Equity in Undistributed Net Income (Excess Dividends)  of Subsidiaries		43,226			14,544			37,886
Equity in undistributed net income (excess dividends) of subsidiaries		(2,548	)		24,416			4,759
Net Income	$	40,678		$	38,960		$	42,645

Condensed Statements of Cash Flows

	Year Ended December 31
(in thousands)	2011			2010			2009
Operating Activities
Net income	$	40,678		$	38,960		$	42,645
Adjustments to reconcile net income to net cash provided by operating activities:
Realized investment securities losses		918			3,643			1,720
Amortization and accretion		19			19			19
Deferred income tax benefit		(363	)		(1,501	)		(615	)
Depreciation		1			1			4
Change in other assets		1,522			(1,305	)		454
Change in other liabilities		(965	)		827			573
Excess dividends of subsidiaries (equity in undistributed net income)		2,548			(24,416	)		(4,759	)
Net Cash Provided by Operating Activities		44,358			16,228			40,041
Investing Activities
Purchases of available for sale securities		(29	)		(248	)		(2,753	)
Proceeds from sales of available for sale securities		0			0			317
Investment in subsidiaries		0			4,201			2,600
Net Cash (Used in) Provided by Investing Activities		(29	)		3,953			164
Financing Activities
Dividends paid		(20,628	)		(21,350	)		(21,675	)
Purchases of treasury stock		(23,791	)		(12,902	)		(3,886	)
Exercise of stock options		456			221			29
Excess tax benefits from stock-based compensation arrangements		6			15			0
Net Cash Used in Financing Activities		(43,957	)		(34,016	)		(25,532	)
Increase (decrease)  in Cash and Cash Equivalents		372			(13,835	)		14,673
Cash and cash equivalents at beginning of year		2,249			16,084			1,411
Cash and Cash Equivalents at End of Year	$	2,621		$	2,249		$	16,084