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

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets

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

	December 31
	2018		2017
Assets
Cash	$	20,621	$	59,031
Securities available-for-sale	5,908		5,699
Investment in subsidiaries	583,673		459,150
Loans	701		—
Fixed assets	5		6
Other assets	3,316		2,989
Total Assets	$	614,224	$	526,875
Liabilities
Junior subordinated debentures	$	4,053	$	16,495
Dividends payable	8,774		7,184
Deferred tax liability	366		436
Other liabilities	267		253
Total Liabilities	13,460		24,368
Total Shareholders’ Equity	600,764		502,507
Total Liabilities and Shareholders’ Equity	$	614,224	$	526,875

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
	2018			2017			2016
Income
Dividends from subsidiaries	$	50,000		$	30,000		$	8,600
Realized investment securities gains	—			200			—
Unrealized gains recognized on securities still held	208			—			—
Other income	130			115			320
	50,338			30,315			8,920
Expenses
Interest expense	880			765			683
Merger related expenses	1,899			—			—
Other expenses	1,842			1,636			1,957
	4,621			2,401			2,640
Income Before Income Tax Benefit and Equity in Undistributed Net Income of Subsidiaries	45,717			27,914			6,280
Income tax benefit	(1,114		)	(1,197		)	(1,096		)
Income Before Equity in Undistributed Net Income of Subsidiaries	46,831			29,111			7,376
Equity in undistributed net income of subsidiaries	23,171			25,199			44,752
Net Income	$	70,002		$	54,310		$	52,128
Total Comprehensive Income	$	63,821		$	56,677		$	48,948

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
	2018			2017			2016
Operating Activities
Net income	$	70,002		$	54,310		$	52,128
Adjustments to reconcile net income to net cash provided by operating activities:
Unrealized and realized investment securities losses (gains)	(208		)	(200		)	—
(Benefit) provision for deferred income taxes	(88		)	1,347			(241		)
Depreciation, amortization and accretion, net	1			1			(4		)
Stock based compensation	2,151			2,097			2,018
Asset write down	193			—			444
Change in other assets	2,668			(405		)	260
Change in other liabilities	(1,816		)	(1,660		)	(2,288		)
Equity in undistributed net income	(23,171		)	(25,199		)	(44,752		)
Net Cash Provided by Operating Activities	49,732			30,291			7,565
Investing Activities
Proceeds from sales of available for sale securities	—			200			—
Acquisition of Farmers Deposit Bancorp, Inc., net of cash acquired of $946	(23,954		)	—			—
Acquisition of Poage Bankshares, Inc., net of cash acquired of $518	502			—			—
Net Cash (Used in) Provided by Investing Activities	(23,452		)	200			—
Financing Activities
Repayment of long-term debt	(16,495		)	—			—
Proceeds from sale of capital securities	495			—			—
Dividends paid	(29,583		)	(27,120		)	(25,718		)
Issuance of common stock	—			28,408			6,864
Purchases of treasury stock	(20,271		)	—			(10,018		)
Exercise of stock options	1,164			732			1,155
Net Cash (Used in) Provided by Financing Activities	(64,690		)	2,020			(27,717		)
(Decrease) Increase in Cash and Cash Equivalents	(38,410		)	32,511			(20,152		)
Cash and cash equivalents at beginning of year	59,031			26,520			46,672
Cash and Cash Equivalents at End of Year	$	20,621		$	59,031		$	26,520