Exhibit 99 Press Release

Charleston, West Virginia – City Holding Company, “the Company” (NASDAQ:CHCO; NASDAQ:CHCOP), a $2 billion bank holding company headquartered in Charleston, today announced net income for the third quarter of 2002 of $9.0 million, or $0.53 per share, compared with net income of $7.7 million, or $0.45 per share, in the second quarter of 2002. These results represent a 17% increase over second quarter 2002 earnings, demonstrating that the Company remains firmly on track in restoring the Company’s financial performance. The Return on Assets during the third quarter of 2002 was 1.79%, the Return on Equity was 22.2%, and the Efficiency Ratio was 56.5%. The Company’s net interest margin increased to 4.83% in the third quarter of 2002 as compared to 4.60% during the first six months of the year. The Company recorded a net loss of $7.8 million in the third quarter of 2001 but has experienced a dramatic turnaround in subsequent quarters. The Company provided no provision for loan losses in the third quarter of 2002 as compared to a $0.9 million provision expense in the second quarter of 2002, reflecting management’s evaluation of actions taken over the last four quarters to improve credit quality. On a per share basis, the decision to reduce the quarterly provision for loan losses added $0.03 per share to earnings as compared to the second quarter of 2002. At a time when many of its peers are experiencing credit quality deterioration, the Company’s newly installed credit processes appear to be working to improve the overall quality of the loan portfolio.

“The third quarter of 2002 demonstrates that City Holding Company’s financial performance is strong, and that we are positioned to continue to grow the core earnings of the Company”, stated Jerry Francis, President and CEO of City Holding Company and its primary subsidiary City National Bank of West Virginia (the “Bank”). “The Company’s financial performance is stronger than most of its peers, and has achieved what I believe to be one of the fastest turnarounds in banking history. The speed with which the bank overcame significant credit quality issues and regulatory problems to become one of the highest performing community banks in the industry is a tribute firstly to the support which the Board of Directors gave management over the past 15 months and secondly to the efforts and extraordinary skills of the Company’s employees. I am personally very proud of all our employees who can take pride in the success of the organization, and in the leadership exhibited by the Board of Directors and the senior management of the Company.”

“When I became President of the Company, I challenged the management team to achieve the following four goals: return on assets of at least 1.50%, return on equity of at least 20%, to remain well-capitalized from a regulatory perspective, and to grow earnings at least 10% annually. I am very pleased that the first three goals have been clearly met. Further, I believe that the management team has put in place all the right pieces to achieve at least 10% earnings growth as well through market share growth, revenue generation, expense control, and capital management. In fact, I can report that the Company believes that for 2003 it can achieve earnings per share of approximately $2.15 to $2.20—consistent with the earnings growth goal that I established.”

The Company experienced net recoveries during the third quarter of 2002 of $0.6 million, following net charge-offs of $37.0 million over the previous five quarters. Due to the Company’s low level of non-performing assets, management anticipates low levels of charge-offs over the next several quarters. Further, management has employed a team of lending professionals to recover previously charged-off loans. Based upon their success during the third quarter, management believes that the Company may continue to experience recoveries from previously charged-off loans and that recoveries may exceed charge-offs over the next several quarters. To the extent that net recoveries are achieved, the Company may experience lower provision expense than otherwise would be the case.

As a result of its net recoveries, the Company recorded no provision for loan losses in the third quarter of 2002, following $1.8 million in provision expense in the first six months of the year. Based on management’s analysis of the Allowance for Loan Losses (“ALLL”) at September 30, 2002, management has determined that no provision for loan losses was necessary as a result of stable trends in non-performing assets and stable loan balances. At September 30, 2002, non-performing assets (non-accruing loans, loans past due 90+ days and still accruing, and other real estate owned) were $3.6 million and represented just 0.30% of total loans and other real estate owned, up from $3.3 million or 0.27% of total loans and other real estate owned at June 30, 2002. Total loan balances increased from $1.214 million to $1.229 million, with decreases in residential real estate, consumer, and indirect auto loans offset by increases in home equity, loans to depository institutions, and commercial loans. Continued net recoveries contribute to the possibility that provision expenses might be zero or negative in future periods. In projecting its 2002 earnings, the Company has assumed no provision expense and minimal or no negative net charge-offs for the fourth quarter of 2002.

As a result of net recoveries during the third quarter of 2002, the ALLL increased from $28.0 million at June 30, 2002 to $28.6 million at September 30, 2002. At September 30, 2002, the Allowance was 1,119% of non-performing loans, as compared to 1,729% at June 30, 2002. The ALLL was at 2.36% of total loans outstanding at September 30, 2002 compared to 2.31% at June 30, 2002. Management has carefully considered its ALLL methodology and considers the ALLL to adequately provide for probable losses inherent in the loan portfolio as of September 30, 2002. The Company’s methodology for determining the adequacy of the allowance for loan losses is based on a number of factors, including the use of historical loss rates on the Company’s loan portfolio. Other factors influencing the Company’s ALLL methodology are the mix of loans, which shifted toward more commercial loans during the period, the Company’s rapidly growing home equity portfolio, and the general deterioration in economic conditions. Due to these factors, the Company’s management believes that it is appropriate to maintain the ALLL at its present level. If the Company’s loan loss experience continues to improve in the future, this will have a positive

Continual monitoring of the loan portfolio and emphasis on collection of charged-off loans will continue to be one of the Company’s highest priorities through 2003. The Company recognizes that the current weakness in the U.S. economy poses a threat to the credit quality of bank’s loan portfolios, and that no assurance can be given that the ALLL is sufficient to provide for unforeseen developments in the economy. However, management believes that West Virginia’s economy is less sensitive to current recessionary trends, and believes that the Bank’s ALLL is sufficient given what is currently known about the Bank’s loan portfolio and customer base.

Between June 30, 2002 and September 30, 2002 residential real estate loans were down $35 million or 7%, commercial loans were down $1 million or 1%, installment loans were down $14 million or 16%, and indirect installment loans were down $9 million or 14%. During the quarter, home equity loans were up $26 million or 17%, commercial real estate loans were up $11.4 million or 5%, and credit cards were up $1 million or 4% respectively. The bank also extended $35 million in short term fed fund loans to other depository institutions. Allowing loan balances to decline has been part of the Company’s strategic plan for several reasons. First, credit quality has been less than desired in some broad areas such as installment lending, indirect lending and commercial lending. Secondly, the Company’s mortgage banking business has been refocused to serve its West Virginia customer base, which has in turn impacted the Company’s capacity to generate residential mortgage loans previously generated through non-customer sales channels. Thirdly, the Company was focused inwardly toward resolving problem credits and improving lending policies and procedures but is now focused on loan growth with appropriate credit quality, particularly in residential mortgage lending to the Company’s own customers, commercial real estate, home equity lending, and credit card lending. The Company anticipates that installment, indirect lending, and residential mortgage loan balances will continue to decline throughout 2002, but expects the overall loss of loan balances to slow. Total deposits were $1.562 billion at September 30, 2002 compared to $1.691 billion at December 31, 2001. Time deposits declined $105 million, or 14% between December 31, 2001 and September 30, 2002 while transaction and saving deposits declined by $23 million, or 2% during the same time period.

At August 31, 2002, the outstanding principal balances of the mortgages securitized were $265.5 million. The outstanding obligation to the purchasers of the priority claims was $151.7 million. As a result, the Company has an interest in $113.8 million in mortgage balances outstanding. However, to the extent that defaults occur within these portfolios, the Company will receive less than the full amount. The Company determines the value of the retained interests using assumptions regarding default rates, prepayment rates, and an appropriate discount rate for assets of similar characteristics (which was established at 14%). At September 30, 2002 the Company estimates the fair value of these assets to be $89.3 million, compared to the book value of $79.8 million.

The value of these assets is accrued toward the expectation of when, and how much, cash will be received in the future, once priority claims are satisfied. It should be noted that these assets currently generate relatively little cash. Two of the six pools currently produce cash flow, and the Company anticipates that total cash from these instruments will be approximately $1.0 million through December 31, 2002 although it expects to accrue interest on these assets of approximately $12.4 million during 2002. Were the estimated value of the retained interests to fall below the book value of the assets, the bank would be required to immediately reduce the book value of the assets to their estimated fair value. Given that these loans are geographically dispersed throughout the United States, and given the economic recession currently being experienced, there can be no assurances regarding when, or how much, cash will eventually be received for these assets. However, at September 30, 2002, management believes that its assumptions were appropriate given the information available regarding default rates and prepayment rates on the six individual pools outstanding.

Non-Interest Income in the third quarter of 2002 was $8.8 million compared to $8.7 million in the second quarter of 2002 and $8.2 million during the third quarter of 2001. The third quarter increase in non-interest income is attributable primarily to an increase in service charges which increased by $0.5 million during the period, reflecting sales and marketing strategies that the Company believes has created sustainably high levels of service fee revenue. This increase was offset by a decline in “Other Income” which included a one-time loan sale gain of $0.4 million during the second quarter. Investment security gains in the third quarter of 2002, second quarter of 2002, and the third quarter of 2001 were largely gains on an investment in a mutual fund that generated capital gains rather than interest income.

The non-core banking activities of the Company historically produced significant non-interest income, but also entailed considerable non-interest expense. For 2001, the Company’s efficiency ratio (defined as non-interest income as a percent of total revenues) was more than 80%. As the Company refocused on serving its West Virginia franchise during 2001 and early 2002, expenses declined significantly. Management employed a “Best Practices” model to appropriately staff all operations within the Company, and devoted significant time to managing significant vendor relationships to achieve appropriate pricing for other goods and services. As a result, the efficiency ratio for the Company in the second quarter had dropped to 59.8%. During the third quarter, management continued to devote considerable effort to identifying opportunities to achieve efficiency in its operations and the efficiency ratio for the Company dropped to 56.5%. Because the Company continues to labor under expenses that are disproportionate to its income but are associated with past loan problems: FDIC deposit insurance premiums; legal expenses; commercial loan workout specialists dedicated largely to recoveries of previously charged-off loans; and, other expenses that our peers would need not incur, management of the Company believes there remains potential to reduce expenses in subsequent periods.

Overall, non-interest expenses fell from $17.9 million in the second quarter of 2002 to $17.3 million in the third quarter of 2003. Key sustainable reductions were achieved in compensation expense, depreciation, telecommunication expenses, losses and expenses associated with managing repossessed assets, and regulatory expenses. For the third quarter of 2002, salaries and other employee benefits were down $0.3 million from the second quarter of 2002, or a reduction of 4% quarter over quarter, as the Company continued to implement best practices in staffing its operations. The number of full-time equivalent employees fell to 743 in the third quarter of 2002 from 748 in the second quarter of 2002 and from 802 at year-end 2001. Depreciation expenses continue to trend down markedly due to the completion of the depreciable lives of a large quantity of data processing equipment purchased in prior years. For the third quarter of 2002, telecommunication expense was down $0.1 million from the second quarter of 2002 due to renegotiation of the Company’s major telecommunication contracts. The Company’s non-interest expenses related to OREO and other repossessed assets declined significantly during the third quarter as a result of the Company’s efforts to improve asset quality. These expenses are associated with either the costs of managing, or losses on sale, of real estate, autos, and other consumer collateral acquired through repossession. Management has made every effort to correctly value assets at the time they are repossessed with losses being charged to the ALLL so there will not be significant losses on the sale of real estate or other repossessed property in the future. Effective implementation of this effort, resulted in the Company incurring relatively little of this expense during the third quarter of 2002. For the third quarter of 2002, insurance and regulatory expense declined as a result of the lifting of the formal agreement between the Company and the OCC. Insurance and regulatory expense remains high due to FDIC insurance costs, which account for over 50% of this total, that may be reduced significantly during 2003.

During September of 2002, the Board approved payment of current dividends on the Company’s 9.15% Capital Securities issued by the Company’s wholly-owned subsidiary, City Holding Capital Trust (“Trust I”) payable October 1, 2002 to shareholders of record as of September 15, 2002. The Board also approved payment of dividends on the Company’s 9.125% Capital Securities issued by the Company’s wholly-owned subsidiary, City Holding Capital Trust II (“Trust II”) payable on October 31, 2002 to shareholders of record as of October 16, 2002. In addition, the board approved a quarterly cash dividend of 15 cents per share on the Company’s common shares payable on October 31, 2002 to shareholders of record at October 16, 2002.

In June of 2002, the Board of Directors of the Company announced a one million share purchase program. As a result of this program, at September 30, 2002 the Company held 242,100 shares in Treasury stock purchased at an average price of $24.54. Management believes that given its strongly capitalized position, shares of the Company’s common stock represent a good investment for the Company and anticipates continued purchases under the plan. Despite the plan, the Company’s regulatory capital ratios all increased during the quarter and common equity on the balance sheet increased from $158.8 million at June 30, 2002 to $160.7 million at September 30, 2002. In June of 2002, the Board of Directors of the Company also announced a $25 million program to retire the outstanding capital securities issued by either City Holding Capital Trust or City Holding Capital Trust II. As of September 30, 2002 the Company has not taken any action on these securities, but remains ready to do so if the opportunity appears financially attractive. It should be noted that shares of City Holding Capital Trust II are callable at par on October 31, 2003.

This news release contains certain forward-looking statements that are included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such information involves risks and uncertainties that could result in the Company’s actual results differing from those projected in the forward-looking statements. Important factors that could cause actual results to differ materially from those discussed in such forward-looking statements include, but are not limited to, (1) the Company may incur additional loan loss provision due to negative credit quality trends in the future that may lead to a deterioration of asset quality, or conversely, the Company may incur less, or even negative, loan loss provision due to positive credit quality trends in the future and further resolution of various loan quality issues; (2 )the Company may not continue to experience significant recoveries of previously charged-off loans and the Company may incur increased charge-offs in the future; (3) the Company may experience increases in the default rates on its retained interests in securitized mortgages causing it to take impairment charges to earnings; (4) the Company could have adverse legal actions of a material nature; (5) the Company may face competitive loss of customers associated with its efforts to increase fee-based revenues or may be unable to meet its expectations regarding loan and deposit growth; (6) the Company may be unable to manage its expense levels due to the expenses associated with its loan portfolio quality, regulatory, and legal issues; (7) rulings affecting, among other things, the Company’s and its banking subsidiaries’ regulatory capital and required loan loss allocations may change, resulting in the need for increased capital levels; (8) changes in the interest rate environment may have results on the Company’s operations materially different from those anticipated by the Company’s market risk management functions; (9) changes in general economic conditions and increased competition could adversely affect the Company’s operating results; (10) changes in other regulations and government policies affecting bank holding companies and their subsidiaries, including changes in monetary policies, could negatively impact the Company’s operating results; (11) the planned purchase of Trust I and Trust II Capital Securities and the common stock may not occur or may not have the effects anticipated; (12) the Company may experience difficulties growing loan and deposit balances; (13) for these and other reasons, the forecasted earnings in future periods may be different than anticipated . Forward-looking statements made herein reflect management’s expectations as of the date such statements are made. Such information is provided to assist stockholders and potential investors in understanding current and anticipated financial operations of the Company and is included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances that arise after the date such statements are made.

	Three Months Ended
	September 30, 2002			September 30, 2001			Percent Change
Earnings ($000s, except per share data):
Net Interest Income (FTE)	$	22,363		$	24,134		(7.34	)%
Net Income (Loss)		8,972			(7,795	)	N/A
Earnings (Loss) per Basic Share		0.53			(0.46	)	N/A
Earnings (Loss) per Diluted Share		0.52			(0.46	)	N/A

Key Ratios (percent):
Return on Average Assets		1.79	%		(1.31	)%	N/A
Return on Average Equity		22.23	%		(20.81	)%	N/A
Net Interest Margin		4.83	%		4.35	%	11.03	%
Efficiency Ratio		56.46	%		97.47	%	(42.07	)%
Average Shareholders’ Equity to Average Assets		8.05	%		6.29	%	27.98	%

Risk-Based Capital Ratios (a), (b):
Tier I		9.76	%		6.03	%	61.86	%
Total		13.43	%		9.48	%	41.67	%

Common Stock Data:
Cash Dividends Declared per Share	$	0.15		$	—		N/A
Book Value per Share		9.64			8.37		15.17	%
Market Value per Share:
High		28.75			13.40		114.55	%
Low		20.50			9.02		127.27	%
End of Period		25.74			10.00		157.40	%

Price/Earnings Ratio (c)		12.14			N/A		N/A

	Nine Months Ended
	September 30, 2002			September 30, 2001			Percent Change
Earnings ($000s, except per share data):
Net Interest Income (FTE)	$	66,627		$	68,264		(2.40	)%
Net Income (Loss)		23,051			(33,595	)	N/A
Earnings (Loss) per Basic Share		1.37			(1.99	)	N/A
Earnings (Loss) per Diluted Share		1.35			(1.99	)	N/A

Key Ratios (percent):
Return on Average Assets		1.49	%		(1.80	)%	N/A
Return on Average Equity		19.72	%		(28.92	)%	N/A
Net Interest Margin		4.67	%		3.95	%	18.23	%
Efficiency Ratio		59.95	%		99.20	%	(39.57	)%
Average Shareholders’ Equity to Average Assets		7.55	%		6.23	%	21.19	%

Common Stock Data:
Cash Dividends Declared per Share	$	0.30		$	—		N/A
Market Value per Share:
High		28.75			14.64		96.38	%
Low		12.04			5.13		134.93	%

	Three Months Ended September 30
	2002			2001
Interest Income
Interest and fees on loans	$	22,443		$	36,757
Interest on investment securities:
Taxable		5,278			3,525
Tax-exempt		651			803
Interest on retained interests		3,240			2,506
Interest on federal funds sold		89			607

Total Interest Income		31,701			44,198

Interest Expense
Interest on deposits		6,571			16,279
Interest on short-term borrowings		610			1,659
Interest on long-term debt		440			534
Interest on trust preferred securities		2,068			2,024

Total Interest Expense		9,689			20,496

Net Interest Income		22,012			23,702
Provision for loan losses		—			14,348

Net Interest Income After Provision for Loan Losses		22,012			9,354

Non-Interest Income
Investment securities gains		323			575
Service charges		6,313			4,851
Insurance commissions		436			503
Trust fee income		319			493
Mortgage banking income		248			361
Other income		1,200			1,426

Total Non-Interest Income		8,839			8,209

Non-Interest Expense
Salaries and employee benefits		7,651			11,897
Occupancy and equipment		1,710			2,218
Depreciation		1,367			2,079
Advertising		580			568
Telecommunications		536			685
Office supplies		347			468
Postage and delivery		294			775
Loan production office advisory fees		—			2
Professional fees and litigation expense		782			5,249
Loss on disposal and impairment of fixed assets		(1	)		322
Repossessed asset losses and expenses		25			1,312
Insurance and regulatory		450			581
Retained interest impairment		—			—
Other expenses		3,516			4,418

Total Non-Interest Expense		17,257			30,574

Income (Loss) Before Income Taxes and Cumulative Effect of Accounting Change		13,594			(13,011	)
Income Tax Expense (Benefit)		4,622			(5,216	)

Net Income (Loss) Before Cumulative Effect of Accounting Change		8,972			(7,795	)
Cumulative Effect of Accounting Change, Net of Tax		—			—

Net Income (Loss)	$	8,972		$	(7,795	)

Basic Earnings (Loss) per Share:
Net Income (Loss) Before Cumulative Effect of Accounting Change	$	0.53		$	(0.46	)
Cumulative Effect of Accounting Change		—			—

Net Income (Loss)	$	0.53		$	(0.46	)

Diluted Earnings (Loss) per Share:
Net Income (Loss) Before Cumulative Effect of Accounting Change	$	0.52		$	(0.46	)
Cumulative Effect of Accounting Change		—			—

Net Income (Loss)	$	0.52		$	(0.46	)

Average Common Shares Outstanding:
Basic		16,804			16,888
Diluted		17,140			16,888

	Nine Months Ended September 30
	2002			2001
Interest Income
Interest and fees on loans	$	71,825		$	117,932
Interest on investment securities:
Taxable		14,965			11,529
Tax-exempt		2,066			2,570
Interest on retained interests		9,037			4,802
Interest on federal funds sold		456			762

Total Interest Income		98,349			137,595

Interest Expense
Interest on deposits		23,189			55,555
Interest on short-term borrowings		1,751			7,476
Interest on long-term debt		1,525			1,650
Interest on trust preferred securities		6,369			6,034

Total Interest Expense		32,834			70,715

Net Interest Income		65,515			66,880
Provision for loan losses		1,800			30,358

Net Interest Income After Provision for Loan Losses		63,715			36,522

Non-Interest Income
Investment securities gains		793			1,817
Service charges		16,710			12,146
Insurance commissions		1,473			1,678
Trust fee income		989			1,063
Mortgage banking income		623			3,772
Other income		3,961			8,967

Total Non-Interest Income		24,549			29,443

Non-Interest Expense
Salaries and employee benefits		24,284			33,583
Occupancy and equipment		4,976			7,177
Depreciation		4,461			6,972
Advertising		1,922			1,937
Telecommunications		1,839			3,289
Office supplies		1,089			1,509
Postage and delivery		734			1,850
Loan production office advisory fees		—			2,198
Professional fees and litigation expense		2,155			7,701
Loss on disposal and impairment of fixed assets		(91	)		3,482
Repossessed asset losses and expenses		667			2,231
Insurance and regulatory		1,467			1,627
Retained interest impairment		—			2,182
Other expenses		9,800			16,123

Total Non-Interest Expense		53,303			91,861
Income (Loss) Before Income Taxes and Cumulative Effect of Accounting Change		34,961			(25,896	)
Income Tax Expense (Benefit)		11,910			(10,286	)

Net Income (Loss) Before Cumulative Effect of Accounting Change		23,051			(15,610	)
Cumulative Effect of Accounting Change, Net of Tax		—			(17,985	)

Net Income (Loss)	$	23,051		$	(33,595	)

Basic Earnings (Loss) per Share:
Net Income (Loss) Before Cumulative Effect of Accounting Change	$	1.37		$	(0.92	)
Cumulative Effect of Accounting Change		—			(1.07	)

Net Income (Loss)	$	1.37		$	(1.99	)

Diluted Earnings (Loss) per Share:
Net Income (Loss) Before Cumulative Effect of Accounting Change	$	1.35		$	(0.92	)
Cumulative Effect of Accounting Change		—			(1.07	)

Net Income (Loss)	$	1.35		$	(1.99	)

Average Common Shares Outstanding:
Basic		16,861			16,888
Diluted		17,096			16,888

	Quarter Ended
	Sept. 30 2002			June 30 2002			March 31 2002			Dec. 31 2001			Sept. 30 2001
Interest income	$	31,701		$	32,767		$	33,881		$	39,885		$	44,198
Taxable equivalent adjustment		351			368			394			415			432

Interest income (FTE)		32,052			33,135			34,275			40,300			44,630
Interest expense		9,689			10,887			12,258			15,700			20,496

Net interest income		22,363			22,248			22,017			24,600			24,134
Provision for loan losses		—			900			900			1,820			14,348

Net interest income after provision for loan losses		22,363			21,348			21,117			22,780			9,786
Noninterest income (a)		8,839			8,696			7,014			13,409			8,209
Noninterest expense		17,257			17,874			18,172			22,544			30,574

Income (loss) before income taxes		13,945			12,170			9,959			13,645			(12,579	)
Income tax expense (benefit)		4,622			4,131			3,157			5,635			(5,216	)
Taxable equivalent adjustment		351			368			394			415			432

Net income (loss)		8,972			7,671			6,408			7,595			(7,795	)
Cumulative effect of change in accounting principle, net		—			—			—			—			—

Net income (loss)	$	8,972		$	7,671		$	6,408		$	7,595		$	(7,795	)


(a) During the fourth quarter of 2001, “noninterest income” included a gain of approximately $4.67 million resulting from the sale of the Company’s banking offices in California.

Basic earnings per share	$	0.53		$	0.45		$	0.38		$	0.45		$	(0.46	)
Diluted earnings per share		0.52			0.45			0.38			0.45			(0.46	)
Cash dividends declared per share		0.15			0.15			—			—			—

Average Common Share (000s):
Outstanding		16,804			16,892			16,888			16,888			16,888
Diluted		17,140			17,133			17,016			16,961			16,888

Net Interest Margin		4.83	%		4.67	%		4.52	%		4.67	%		4.35	%

	Quarter Ended
	Sept. 30 2002			June 30 2002			March 31 2002			Dec. 31 2001		Sept. 30 2001
Non-Interest Income:
Service charges	$	6,313		$	5,768		$	4,629		$	5,759	$	4,851
Insurance commissions		436			532			505			537		503
Trust fee income		319			354			316			322		493
Mortgage banking income		248			189			186			248		361
Other income (a)		1,200			1,615			1,146			5,978		1,426

Subtotal		8,516			8,458			6,782			12,844		7,634
Investment security gains		323			238			232			565		575

Total Non-Interest Income	$	8,839		$	8,696		$	7,014		$	13,409	$	8,209

Non-Interest Expense:
Salaries and employee benefits	$	7,651		$	7,995		$	8,638		$	9,175	$	11,897
Occupancy and equipment		1,710			1,638			1,628			2,200		2,218
Depreciation		1,367			1,497			1,597			1,805		2,079
Advertising		580			699			643			528		568
Telecommunications		536			614			689			765		685
Office supplies		347			405			337			725		468
Postage and delivery		294			217			223			713		775
Loan production office advisory fees		—			—			—			—		2
Professional fees and litigation expense		782			733			640			1,547		5,249
Loss on disposal and impairment of fixed assets		(1	)		(7	)		(83	)		469		322
Repossessed asset losses and expenses		25			295			347			326		1,312
Insurance and regulatory		450			490			527			507		581
Retained interest impairment		—			—			—			—		—
Other expenses		3,516			3,298			2,986			3,784		4,418

Total Non-Interest Expense	$	17,257		$	17,874		$	18,172		$	22,544	$	30,574


(a) During the fourth quarter of 2001, “noninterest income” included a gain of approximately $4.67 million resulting from the sale of the Company’s banking offices in California.

Employees (Full Time Equivalent)		743			748			759			802		870
Branch Locations		55			55			55			55		59

	September 30 2002			December 31 2001
	(Unaudited)
Assets
Cash and due from banks	$	55,752		$	81,827
Federal funds sold and securities purchased under agreement to resell		44,002			88,500

Cash and cash equivalents		99,754			170,327
Securities available for sale, at fair value		409,664			383,552
Securities held-to-maturity, at amortized cost		74,820			—

Total securities		484,484			383,552

Loans:
Residential real estate		486,566			631,103
Home equity		185,084			98,100
Commercial real estate		262,824			284,759
Other commercial		109,068			145,989
Loans to depository institutions		35,000			—
Installment		75,047			125,236
Indirect		56,425			86,474
Credit card		19,081			18,594

Gross Loans		1,229,095			1,390,255
Allowance for loan losses		(28,623	)		(48,635	)

Net loans		1,200,472			1,341,620
Retained interests		79,841			71,271
Premises and equipment		38,961			43,178
Accrued interest receivable		11,506			12,422
Net deferred tax assets		31,039			47,443
Other assets		38,133			46,482

Total Assets	$	1,984,190		$	2,116,295

Liabilities
Deposits:
Noninterest-bearing	$	272,136		$	284,649
Interest-bearing:
Demand deposits		359,714			392,258
Savings deposits		294,524			272,885
Time deposits		636,036			741,503

Total deposits		1,562,410			1,691,295
Securities sold under agreement to repurchase		95,636			127,204
Securities sold, not yet purchased		26,886			—
Long-term debt		25,000			29,328
Corporation-obligated mandatorily redeemable capital securities of subsidiary trusts holding solely subordinated debentures of City Holding Company		87,500			87,500
Other liabilities		26,053			34,619

Total Liabilities		1,823,485			1,969,946

Stockholders’ Equity
Preferred stock, par value $25 per share: 500,000 shares authorized; none issued		—			—
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 16,919,248 and 16,892,913 shares issued and outstanding at September 30, 2002 and December 31, 2001, respectively, including 242,100 and 4,979 shares in treasury		42,298			42,232
Capital surplus		59,089			59,174
Retained earnings		59,163			41,152
Cost of common stock in treasury		(5,922	)		(136	)
Accumulated other comprehensive income		6,077			3,927

Total Stockholders’ Equity		160,705			146,349

Total Liabilities and Stockholders’ Equity	$	1,984,190		$	2,116,295

	Sept. 30 2002		June 30 2002		March 31 2002		Dec. 31 2001		Sept. 30 2001
Residential real estate	$	486,566	$	522,016	$	573,757	$	631,103	$	767,018
Home equity		185,084		157,577		125,753		98,100		71,350
Commercial real estate		262,824		251,347		259,840		284,759		334,503
Other commercial		109,068		110,468		127,538		145,989		221,822
Loans to depository institutions		35,000		—		—		—		—
Installment		75,047		89,117		106,872		125,236		153,220
Indirect		56,425		65,634		75,619		86,474		98,109
Credit card		19,081		18,285		17,424		18,594		16,912

Gross Loans	$	1,229,095	$	1,214,444	$	1,286,803	$	1,390,255	$	1,662,934

	Three Months Ended September 30,
	Average Balance			2002 Interest		Yield/ Rate		Average Balance			2001 Interest		Yield/ Rate
Assets:
Total loans	$	1,213,295		$	22,443	7.40	%	$	1,726,843		$	36,607	8.48	%
Loans held for sale		—			—	—			7,310			150	8.21	%
Securities:
Taxable		484,793			5,278	4.35	%		280,021			3,525	5.04	%
Tax-exempt		51,559			1,002	7.77	%		64,192			1,235	7.70	%

Total securities		536,352			6,280	4.68	%		344,213			4,760	5.53	%
Retained interest in securitized loans		77,939			3,240	16.63	%		67,030			2,506	14.95	%
Federal funds sold		23,812			89	1.50	%		72,367			607	3.36	%

Total earning assets		1,851,398			32,052	6.92	%		2,217,763			44,630	8.05	%
Cash and due from banks		51,398							59,884
Bank premises and equipment		39,758							48,551
Other assets		93,127							103,392
Less: allowance for possible loan losses		(29,469	)						(46,357	)

Total assets	$	2,006,212						$	2,383,233


Liabilities:
Demand deposits	$	364,858		$	503	0.55	%	$	425,934		$	2,139	2.01	%
Savings deposits		299,313			556	0.74	%		292,433			1,762	2.41	%
Time deposits		644,993			5,512	3.42	%		948,035			12,378	5.22	%
Short-term borrowings		110,761			610	2.20	%		149,884			1,659	4.43	%
Long-term debt		34,522			440	5.10	%		29,993			534	7.12	%
Trust Preferred Securities		87,500			2,068	9.45	%		87,500			2,024	9.25	%

Total interest-bearing liabilities		1,541,947			9,689	2.51	%		1,933,779			20,496	4.24	%
Demand deposits		274,872							275,012
Other liabilities		27,986							24,581
Stockholders’ equity		161,407							149,861

Total liabilities and stockholders’ equity	$	2,006,212						$	2,383,233

Net interest income				$	22,363						$	24,134

Net yield on earning assets						4.83	%						4.35	%

	Nine Months Ended September 30,
	2002							2001
	Average Balance			Interest		Yield/ Rate		Average Balance			Interest		Yield/ Rate
Assets:
Total loans	$	1,269,415		$	71,825	7.54	%	$	1,830,159		$	116,950	8.52	%
Loans held for sale		—			—	—			15,572			982	8.41	%
Securities:
Taxable		463,109			14,965	4.31	%		286,702			11,529	5.36	%
Tax-exempt		54,875			3,178	7.72	%		68,468			3,954	7.70	%

Total securities		517,984			18,143	4.67	%		355,170			15,483	5.81	%
Retained interest in securitized loans		75,122			9,037	16.04	%		72,105			4,802	8.88	%
Federal funds sold		38,591			456	1.58	%		30,072			762	3.38	%

Total earning assets		1,901,112			99,461	6.98	%		2,303,078			138,979	8.05	%
Cash and due from banks		59,338							61,716
Bank premises and equipment		41,106							54,031
Other assets		99,214							110,952
Less: allowance for possible loan losses		(38,066	)						(41,855	)

Total assets	$	2,062,704						$	2,487,922

Liabilities:
Demand deposits	$	373,922		$	1,601	0.57	%	$	417,073		$	8,273	2.64	%
Savings deposits		303,440			2,333	1.03	%		290,693			6,133	2.81	%
Time deposits		686,287			19,255	3.74	%		1,001,672			41,149	5.48	%
Short-term borrowings		112,754			1,751	2.07	%		187,010			7,476	5.33	%
Long-term debt		36,372			1,525	5.59	%		32,643			1,650	6.74	%
Trust Preferred Securities		87,500			6,369	9.71	%		87,500			6,034	9.19	%

Total interest-bearing liabilities		1,600,275			32,834	2.74	%		2,016,591			70,715	4.68	%
Demand deposits		274,439							274,312
Other liabilities		32,164							42,113
Stockholders’ equity		155,826							154,906

Total liabilities and stockholders’ equity	$	2,062,704						$	2,487,922

Net interest income				$	66,627						$	68,264

Net yield on earning assets						4.67	%						3.95	%

	Sept. 30 2002 (a), (b)			June 30 2002 (b)			March 31 2002 (b)			Dec. 31 2001 (b)			Sept. 30 2001 (b)
Tier I Capital:
Stockholders’ equity	$	160,705		$	158,828		$	150,707		$	146,349		$	141,363
Goodwill and other intangibles		(6,808	)		(6,885	)		(6,963	)		(7,041	)		(7,430	)
Unrealized gains		(6,077	)		(4,638	)		(1,877	)		(3,927	)		(6,536	)
Qualifying trust preferred stock		51,543			51,397			49,610			47,474			44,938
Excess retained interests		(30,000	)		(27,255	)		(26,192	)		(25,557	)		(25,591	)
Excess deferred tax assets		(11,102	)		(14,766	)		(23,032	)		(29,003	)		(29,754	)

Total tier I capital	$	158,261		$	156,681		$	142,253		$	128,295		$	116,990


Total Risk-Based Capital:
Tier I capital	$	158,261		$	156,681		$	142,253		$	128,295		$	116,990
Qualifying allowance for loan losses		23,477			22,910			22,909			23,427			24,177
Qualifying trust preferred stock		35,957			36,103			37,890			40,026			42,562

Total risk-based capital	$	217,695		$	215,694		$	203,052		$	191,748		$	183,729

Net risk-weighted assets	$	1,621,129		$	1,567,809		$	1,595,626		$	1,677,391		$	1,938,723

Ratios:
Average stockholders’ equity to average assets		8.05	%		7.51	%		7.13	%		6.42	%		6.29	%
Risk-based capital ratios:
Tier I capital		9.76	%		9.99	%		8.92	%		7.65	%		6.03	%
Total risk-based capital		13.43	%		13.76	%		12.73	%		11.43	%		9.48	%
Leverage capital		8.08	%		7.73	%		6.93	%		5.84	%		5.04	%

	Quarter Ended
	Sept. 30 2002			June 30 2002			March 31 2002			Dec. 31 2001			Sept. 30 2001
Balance at beginning of period	$	28,023		$	37,779		$	48,635		$	57,196		$	45,748
Charge-offs:
Commercial		1,722			8,925			7,851			5,870			1,823
Real estate—mortgage		212			3,222			3,505			1,989			472
Installment		1,204			1,156			1,267			1,582			2,094

Total charge-offs		3,138			13,303			12,623			9,441			4,389

Recoveries:
Commercial		2,703			2,129			349			503			1,003
Real estate—mortgage		525			92			92			241			84
Installment		510			426			426			362			402

Total recoveries		3,738			2,647			867			1,106			1,489

Net (recoveries) charge-offs		(600	)		10,656			11,756			8,335			2,900
Provision for loan losses		—			900			900			1,820			14,348
Balance of institutions sold		—			—			—			(2,046	)		—

Balance at end of period	$	28,623		$	28,023		$	37,779		$	48,635		$	57,196

Loans outstanding	$	1,229,095		$	1,214,444		$	1,286,803		$	1,390,255		$	1,662,934

Average loans outstanding		1,213,295			1,253,098			1,343,307			1,552,323			1,726,843

Allowance as a percent of loans outstanding		2.36	%		2.31	%		2.94	%		3.50	%		3.44	%

Allowance as a percent of non-performing loans		1119	%		1729	%		243	%		169	%		174	%

Net (recoveries) charge-offs (annualized) as a percent of average loans outstanding		(0.20	)%		3.40	%		3.50	%		2.15	%		0.67	%

	Sept. 30 2002			June 30 2002			March 31 2002			Dec. 31 2001			Sept. 30 2001
Nonaccrual loans		1,511		$	626		$	14,542		$	23,777		$	28,044
Accruing loans past due 90 days or more		1,046			995			1,000			4,915			3,916
Restructured loans		—			—			—			167			902

Total non-performing loans		2,557			1,621			15,542			28,859			32,862
Other real estate owned		1,079			1,681			2,295			2,866			2,836

Total non-performing assets	$	3,636		$	3,302		$	17,837		$	31,725		$	35,698

Non-performing assets as a percent of loans and other real estate owned		0.30	%		0.27	%		1.38	%		2.47	%		2.14	%

Book Value and Market Price Range per Share
	Book Value per Share				Market Price Range per Share
	March 31	June 30	September 30	December 31	Low	High
1997 (a)	$13.90	$14.41	$16.18	$16.56	$25.75	$43.25
1998 (a)	17.18	18.72	18.56	13.09	30.00	51.00
1999	13.07	12.85	12.80	11.77	12.50	32.75
2000	11.76	11.72	11.72	9.68	4.88	16.19
2001	8.82	8.70	8.37	8.67	5.13	14.64
2002	8.92	9.40	9.64	—	12.04	28.75

	Quarter Ended
	March 31			June 30			September 30			December 31			Year-to-Date
1997 (a)	$	0.47		$	0.52		$	0.57		$	0.47		$	2.03
1998 (a)		0.48			0.49			0.56			(0.89	)		0.31
1999		0.31			0.42			0.14			(0.49	)		0.37
2000		0.24			0.02			(0.05	)		(2.47	)		(2.27	)
2001		(0.34	)		(1.19	)		(0.46	)		0.45			(1.54	)
2002		0.38			0.45			0.53			—			1.37

	Quarter Ended
	March 31			June 30			September 30			December 31			Year-to-Date
1997 (a)	$	0.47		$	0.52		$	0.57		$	0.47		$	2.03
1998 (a)		0.48			0.49			0.56			(0.89	)		0.31
1999		0.31			0.42			0.14			(0.49	)		0.37
2000		0.24			0.02			(0.05	)		(2.47	)		(2.27	)
2001		(0.34	)		(1.19	)		(0.46	)		0.45			(1.54	)
2002		0.38			0.45			0.52			—			1.35

	Nine Months Ended
	September 30, 2002			September 30, 2001
Balance at December 31	$	146,349		$	163,457
Net Income (Loss)		23,051			(33,595	)
Other Comprehensive Income:
Change in Unrealized Gain on Securities Available for Sale		2,150			5,016
Change in Unrealized Loss on Retained Interest in Securitized Mortgages		—			6,485
Cash dividends declared ($0.30/share)		(5,040	)		—
Exercise of 53,014 stock options		668			—
Purchase of 263,800 common shares for treasury		(6,473	)		—

Balance at September 30	$	160,705		$	141,363

	As of and for the Quarter Ended
	Sept. 30 2002		June 30 2002		March 31 2002		Dec. 31 2001		Sept. 30 2001
Intangibles, net	$	6,808	$	6,885	$	6,963	$	7,041	$	7,430
Intangibles amortization expense		77		78		78		230		253