City Holding Company (Parent Company Only) Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

The following table presents the condensed balance sheets of City Holding Company, parent company only (in thousands):

	December 31
	2014		2013
Assets
Cash	$	12,521	$	28,423
Securities available-for-sale	3,212		4,673
Investment in subsidiaries	380,348		373,886
Deferred tax asset	1,436		2,990
Fixed assets	9		10
Other assets	16,629		519
Total Assets	$	414,155	$	410,501
Liabilities
Junior subordinated debentures	$	16,495	$	16,495
Dividends payable	6,062		5,828
Accrued interest payable	26		25
Other liabilities	719		530
Total Liabilities	23,302		22,878
Shareholders’ Equity	390,853		387,623
Total Liabilities and Shareholders’ Equity	$	414,155	$	410,501

Condensed Statements Of Comprehensive Income

The following table presents the condensed statements of comprehensive income of City Holding Company, parent company only (in thousands):

	Year Ended December 31
	2014			2013			2012
Income
Dividends from subsidiaries	$	46,050		$	46,317		$	41,422
Investment securities gains	1,130			89			1,134
Other income	65			66			65
	47,245			46,472			42,621
Expenses
Interest expense	605			617			661
Other expenses	849			2,352			533
	1,454			2,969			1,194
Income Before Income Tax (Benefit) Expense and Equity in Undistributed Net Income (Excess Dividends)  of Subsidiaries	45,791			43,503			41,427
Income tax (benefit) expense	(231		)	(1,050		)	2
Income Before Equity in Undistributed Net Income (Excess Dividends)  of Subsidiaries	46,022			44,553			41,425
Equity in undistributed net income (excess dividends) of subsidiaries	6,940			3,662			(2,480		)
Net Income	$	52,962		$	48,215		$	38,945
Total Comprehensive Income	$	53,793		$	44,647		$	41,430

Condensed Statements Of Cash Flows

The following table presents the condensed statements of cash flows of City Holding Company, parent company only (in thousands):

	Year Ended December 31
	2014			2013			2012
Operating Activities
Net income	$	52,962		$	48,215		$	38,945
Adjustments to reconcile net income to net cash provided by operating activities:
Realized investment securities gains	(1,130		)	(89		)	(1,134		)
Amortization and accretion	—			5			19
Stock based compensation	200			205			224
Depreciation	1			1			1
Change in other assets	(16,110		)	1,656			740
Change in other liabilities	2,146			(236		)	1,136
(Equity in undistributed net income) excess dividends of subsidiaries	(4,441		)	(3,662		)	2,480
Net Cash Provided by Operating Activities	33,628			46,095			42,411
Investing Activities
Purchases of available for sale securities	—			—			(403		)
Proceeds from sales of available for sale securities	2,334			137			2,473
Acquisition of Community Financial Corporation	—			(12,708		)	—
Acquisition of Virginia Savings Bank	—			—			(4,672		)
Net Cash Used in Investing Activities	2,334			(12,571		)	(2,602		)
Financing Activities
Dividends paid	(24,487		)	(22,878		)	(20,710		)
Purchases of treasury stock	(27,957		)	—			(7,915		)
Exercise of stock options	580			3,428			544
Net Cash Used in Financing Activities	(51,864		)	(19,450		)	(28,081		)
Increase in Cash and Cash Equivalents	(15,902		)	14,074			11,728
Cash and cash equivalents at beginning of year	28,423			14,349			2,621
Cash and Cash Equivalents at End of Year	$	12,521		$	28,423		$	14,349