Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Multiemployer Plans [Line Items]

Summary Of Stock Option Activity

A summary of the Company’s stock option activity and related information is presented below: 

	2019				2018				2017
	Options		Weighted-Average Exercise Price		Options		Weighted-Average Exercise Price		Options		Weighted-Average Exercise Price
Outstanding at January 1	57,972		$	51.15	87,605		$	47.15	86,613		$	41.08
Granted	—		—		—		—		17,631		66.32
Exercised	(11,721	)	44.87		(29,633	)	39.31		(16,639	)	35.91
Forfeited	—		—		—		—		—		—
Outstanding at December 31	46,251		$	52.74	57,972		$	51.15	87,605		$	47.15
Exercisable at end of year	8,063		$	44.48	2,697		$	45.13	7,887		$	37.37
Nonvested at beginning of year	55,275		51.40		79,718		48.08		83,613		41.47
Granted during the year	—		—		—		—		17,631		66.32
Vested during the year	(17,087	)	44.65		(24,443	)	40.58		(21,526	)	37.31
Forfeited during the year	—		—		—		—		—		—
Nonvested at end of year	38,188		$	54.42	55,275		$	51.40	79,718		$	48.08

Information regarding stock option exercises and stock-based compensation expense associated with stock options is provided in the following table (in thousands):

	For the year ended December 31,
	2019		2018		2017
Proceeds from stock option exercises	$	526	$	1,164	$	597
Intrinsic value of stock options exercised	368		944		481
Stock-based compensation expense associated with stock options	$	119	$	178	$	246
Income tax benefit recognized related to stock-based compensation	12		19		42
At period-end:	2019
Unrecognized stock-based compensation expense	$	84
Weighted average period in which the above amount is expected to be recognized	1.5		years

Restricted Shares Activity And Related Information

A summary of the Company’s restricted shares activity and related information is presented below:

	2019				2018				2017
	Restricted Awards		Average Market Price at Grant		Restricted Awards		Average Market Price at Grant		Restricted Awards		Average Market Price at Grant
Outstanding at January 1	149,692				170,033				180,622
Granted	44,598		$	77.78	28,363		$	69.94	28,839		$	64.42
Forfeited/Vested	(46,207	)			(48,704	)			(39,428	)
Outstanding at December 31	148,083				149,692				170,033

Summary of 401k Activity [Table Text Block]

401(k) Plan

The Company provides retirement benefits to its employees through the City Holding Company 401(k) Plan and Trust (the "401(k) Plan"), which is intended to be compliant with Employee Retirement Income Security Act (ERISA) section 404(c). Information regarding the Company’s 401(k) plan is provided in the following table (dollars in thousands):

	For the year ended December 31,
	2019		2018		2017
Expense associated with the Company's 401(k) Plan	$	1,023	$	905	$	841
At period-end:
Number of shares of the Company's common stock held by the 401(k) Plan	203,989		229,276		228,662

Summary Of Activity Within The Defined Benefit Plan

The following table summarizes activity within the Company's Defined Benefit Plans (dollars in thousands):

	Pension Benefits
	2019			2018
Change in fair value of plan assets:
Fair value at beginning of measurement period	$	12,041		$	16,360
Actual gain (loss) on plan assets	880			(434		)
Contributions	—			1,509
Benefits paid	(1,037		)	(5,394		)
Fair value at end of measurement period	11,884			12,041
Change in benefit obligation:
Benefit obligation at beginning of measurement period	(14,222		)	(18,488		)
Interest cost	(561		)	(590		)
Actuarial (loss) gain	(21		)	(1,488		)
Assumption changes	(1,452		)	825
Benefits paid	1,037			5,394
Settlement loss	—			125
Benefit obligation at end of measurement period	(15,219		)	(14,222		)
Funded status	$	(3,335	)	$	(2,181	)
Weighted-average assumptions for benefit obligation:
Discount rate	3.05		%	4.10		%
Expected long-term rate of return	6.75		%	6.75		%
Weighted-average assumptions for net periodic pension cost:
Discount rate	4.10		%	3.38		%
Expected long-term rate of return	6.75		%	6.56		%

Net Periodic Pension Cost Of The Defined Benefit Plan

The following table presents the components of the net periodic pension cost of the Company's Defined Benefit Plans, which is recognized in Other Expenses in the Consolidated Statements of Income (in thousands):

	2019			2018			2017
Components of net periodic benefit:
Interest cost	$	561		$	590		$	772
Expected return on plan assets	(856		)	(1,080		)	(1,219		)
Settlement	—			71			(104		)
Net amortization and deferral	917			890			849
Net Periodic Pension Cost	$	622		$	471		$	298

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

Amounts related to the Company's Defined Benefit Pension Plans recognized as a component of other comprehensive income were as follows (in thousands):

	2019			2018			2017
Net actuarial gain (loss)	$	(530	)	$	(1,092	)	$	838
Deferred tax (expense) benefit	131			254			(1,211		)
Other comprehensive income (loss), net of tax	$	(399	)	$	(838	)	$	(373	)

Amounts recognized as a component of accumulated other comprehensive loss as of December 31, 2019 and 2018 were as follows (in thousands):

	2019			2018
Net actuarial loss	$	8,182		$	7,652
Deferred tax benefit	(1,912		)	(1,781		)
Amounts included in accumulated other comprehensive loss, net of tax	$	6,270		$	5,871

Summary Of Expected Benefit Payments

The following table summarizes the expected benefits to be paid in each of the next five years and in the aggregate for the five years thereafter (in thousands):

Plan Year Ending December 31,	Expected Benefits to be Paid
2020	$	995
2021	994
2022	1,002
2023	994
2024	1,008
2025 through 2028	4,747

Summary Of Assets Segregated By Level Of Valuation Inputs Within The Fair Value Hierarchy

The major categories of assets in the Company’s Defined Benefit Plans as of year-end are presented in the following table (in thousands).  Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value (See Note Twenty).

	Total		Level 1		Level 2		Level 3
2019
Cash and cash equivalents	$	79	$	79	$	—	$	—
Common stocks	6,787		6,787		—		—
Corporate bonds	5,018		—		5,018		—
Total	$	11,884	$	6,866	$	5,018	$	—
2018
Cash and cash equivalents	$	12,041	$	12,041	$	—	$	—
Total	$	12,041	$	12,041	$	—	$	—

Summary of Pentegra Plans [Table Text Block]

Pentegra Defined Benefit Plan

The Company and its subsidiary participate in the Pentegra Defined Benefit Plan for Financial Institutions ("The Pentegra DB Plan"), a tax-qualified defined benefit pension plan. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. There are no collective bargaining agreements in place that require contributions to the Pentegra DB Plan. The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan, contributions made by a participating employer may be used to provide benefits to participants of other participating employers. The funded statuses below are as of July 1, 2019 (the latest available valuation report). It is the policy of the Company to fund the normal cost of the Pentegra DB Plan on an annual basis.  Other than for normal plan expenses, no contributions were required for the years ended December 31, 2019, 2018 and 2017.  The benefits of the original Pentegra Defined Benefit Plan were frozen prior to the acquisition of Classic Bancshares ("Classic") in 2005, and the benefits of the Poage Pentegra Defined Benefit Plan were frozen prior to the acquisition of Poage in 2018. It is the intention of the Company to fund benefit amounts when assets of the plan are not sufficient.

Pentegra DB Plan's Employer Identification Number	13-5645888
Plan Number	333
Funded status for plan inherited with Classic acquisition	89.02%
Funded status for plan inherited with Poage acquisition	94.35%

Summary of Other Post-Retirement Benefits [Table Text Block]

Other Post-Retirement Benefit Plans

Certain entities previously acquired by the Company had entered into individual deferred compensation and supplemental retirement agreements with certain current and former directors and officers. The Company has assumed the liabilities associated with these agreements, the cost of which is being accrued over the period of active service from the date of the respective agreement. To assist in funding these liabilities, the acquired entities had insured the lives of certain current and former directors and officers. The Company is the current owner and beneficiary of those insurance policies. The following table presents a summary of the Company's other post-retirement benefit plans (in thousands).

	For the year ended December 31
	2019		2018		2017
Cost of other post-retirement benefits	$	304	$	280	$	278
At period-end:
Other post-retirement benefit liability (included in Other Liabilities)	6,570		6,923		5,695
Cash surrender value of insurance policies (included in Other Assets)	6,544		6,807		6,954