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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Multiemployer Plans [Line Items]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below: 
202220212020
OptionsWeighted-Average Exercise PriceOptionsWeighted-Average Exercise PriceOptionsWeighted-Average Exercise Price
Outstanding at January 126,727 $57.04 41,330 $53.64 46,251 $52.74 
     Granted— — — — — — 
     Exercised(15,141)52.61 (14,603)47.43 (4,921)45.17 
     Forfeited
— — — — — — 
Outstanding at December 31
11,586 $62.83 26,727 $57.04 41,330 $53.64 
Exercisable at end of year11,586 $62.83 20,848 $54.42 21,459 $50.45 
Nonvested at beginning of year5,879 66.32 19,871 56.97 38,188 54.42 
Granted during the year— — — — — — 
Vested during the year(5,879)66.32 (13,992)53.22 (18,317)51.66 
Forfeited during the year
— — — — — — 
Nonvested at end of year
— $— 5,879 $66.32 19,871 $56.97 

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,
202220212020
Proceeds from stock option exercises$798 $691 $223 
Intrinsic value of stock options exercised442 474 93 
Stock-based compensation expense associated with stock options$2 $22 $60 
Income tax benefit recognized related to stock-based compensation— 2 5 
At period-end:2022
Unrecognized stock-based compensation expense$— 
Weighted average period in which the above amount is expected to be recognizedN/A
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
202220212020
Restricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at Grant
Outstanding at January 1146,755158,554148,083
     Granted33,327$77.21 34,762$76.38 44,696$69.28 
     Forfeited/Vested
(39,476)(46,561)(34,225)
Outstanding at December 31
140,606146,755158,554

    
Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):
For the year ended December 31,
202220212020
Stock-based compensation expense associated with restricted shares, RSUs and
  PSUs		$2,817 $2,949 $2,836 
At period-end:2022
Unrecognized stock-based compensation expense$4,631 
Weighted average period in which the above amount is expected to be recognized2.8years
Summary of 401k Activity [Table Text Block]
401(k) Plan
 
The Company provides retirement benefits to its employees through matching contributions to 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,
202220212020
Expense associated with the Company's 401(k) Plan$1,138 $1,075 $1,061 
At period-end:
Number of shares of the Company's common stock held by the 401(k) Plan168,332 178,936 198,300 
Summary Of Activity Within The Defined Benefit Plan The following table summarizes activity within the Company's Defined Benefit Plan (dollars in thousands):
Pension Benefits
20222021
Change in fair value of plan assets:
Fair value at beginning of measurement period$14,704 $12,629 
Actual (loss) gain on plan assets(2,253)2,165 
Contributions— 1,000 
Benefits paid
(991)(1,090)
Fair value at end of measurement period11,460 14,704 
Change in benefit obligation:
Benefit obligation at beginning of measurement period(14,295)(15,499)
Interest cost(362)(331)
Actuarial (loss) gain (260)(174)
Assumption changes
2,697 619 
Benefits paid
991 1,090 
Benefit obligation at end of measurement period(11,229)(14,295)
Funded status$231 $409 
Weighted-average assumptions for benefit obligation:
Discount rate5.14 %2.63 %
Expected long-term rate of return6.75 %6.75 %
Weighted-average assumptions for net periodic pension cost:
Discount rate2.63 %2.21 %
Expected long-term rate of return6.75 %6.75 %
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 Plan, which is recognized in Other Expenses in the Consolidated Statements of Income (in thousands). Since the Company's Defined Benefit Plan is frozen, there is no service cost component.
202220212020
Interest cost$362 $331 $448 
Expected return on plan assets(886)(884)(814)
Net amortization and deferral
780 1,122 1,089 
Net Periodic Pension Cost
$256 $569 $723 
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) Amounts related to the Company's Defined Benefit Pension Plan recognized as a component of other comprehensive (loss) income were as follows (in thousands):
202220212020
Net actuarial gain $83 $2,848 $737 
Deferred tax expense(20)(672)(128)
   Other comprehensive income, net of tax$63 $2,176 $609 

    Amounts recognized as a component of accumulated other comprehensive (loss) income as of December 31, 2022 and 2021 were as follows (in thousands):
20222021
Net actuarial loss$4,519 $4,598 
Deferred tax benefit(1,097)(1,113)
   Amounts included in accumulated other comprehensive (loss) income, net of tax$3,422 $3,485 
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
2023$1,013 
20241,005 
20251,008 
2026991 
2027970 
2028 through 20324,473 
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 Plan 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 Seventeen).

TotalLevel 1Level 2Level 3
2022
Cash and cash equivalents$15 $15 $— $— 
Common stocks
8,751 8,751 — — 
Corporate bonds
2,694 — 2,694 — 
Total
$11,460 $8,766 $2,694 $— 
2021
Cash and cash equivalents$39 $39 $— $— 
Common stocks11,835 11,835 — — 
Corporate bonds2,830 — 2,830 — 
Total
$14,704 $11,874 $2,830 $— 
Summary of Pentegra Plans
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, 2022 (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, 2022, 2021 and 2020.  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 Number13-5645888
Plan Number333
Funded status for plan inherited with Classic acquisition88.26%
Funded status for plan inherited with Poage acquisition86.39%
Summary of Other Post-Retirement Benefits
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
202220212020
Cost of other post-retirement benefits$251 $277 $278 
At period-end:
Other post-retirement benefit liability (included in Other Liabilities)5,527 5,995 6,093 
Cash surrender value of insurance policies (included in Other Assets)4,787 5,071 5,916