ex99-1.htm

n Total Assets at Dec 31, 2008 $2.6 bil

n Net Income in 2008 $28.1 mil

n Branches 69

n FTE 827

n Market Cap $432 mil

n Institutional Ownership 57%

n Avg Daily Volume $3.1 mil

Key Markets

2nd & 9% Market Share

in Huntington WV/Ashland KY MSA

$3.9 Billion

8% Market Share in Morgan,

Berkeley & Jefferson Co. WV

$1.9 Billion

1st & 28% Market Share

$2.0 Billion

2nd & 10% Market Share

in WV’s largest market; $5.3B

CHCO is consistently among the
most profitable:

2004

2005

2006

2007

2008

2008 Peers

Median

Reported ROA

2.10%

2.09%

2.11%

2.03%

1.12%

0.58% - 87th %ile

ROTE

23.2%

22.3%

22.4%

21.0%

11.4%

8.5% - 69st %ile

Tangible Common
Equity/TA

9.7%

9.5%

10.1%

9.7%

8.83%

6.4% - 90th %ile

NIM

4.29%

4.49%

4.56%

4.34%

4.64%

3.67%- 92nd %ile

Efficiency Ratio

48.7%

46.7%

44.5%

45.9%

46.3%

63.1% - 92nd %ile

Non-Int
Rev/Total Rev

33%

34%

36%

23% - 94th %ile

* 2008 Non-Int Reve excludes gain on Visa IPO; Securities Losses

Yet, strong bottom line results continue
net of security gains & losses:

Core ROA

Core
EPS

Core ROA and Core EPS as reported by SNL Financial

Challenges to CHCO’s
earnings in 2008:

After-tax

Impact to NI

Loss on Preferred Stock

of FNMA/FHLMC $12.7 MM

Impairment on Pooled Trust

Preferred Securities $10.3 MM

Increase in Provision

Expense in 08 vs. 07 $ 3.0 MM

Previously Securitized Loans:

Core growth in revenues in 2003-2008 offset
lower earnings from PSL balances

2004

2005

2006

2007

2008

2009
Projected

Average
Balances

$83.5
MM

$42.9
MM

$22.3
MM

$10.5
MM

$5.2 MM

$4.0 MM

Rate

17.4%

26.6%

42.2%

69.1%

108%

Gross
Interest
Revenue

$14.5
MM

$11.4
MM

$9.4
MM

$7.3 MM

$5.6MM

$4.1MM

CHCO is well positioned with respect to
interest rate risk:

Immediate Basis Point
Change in Interest
Rates

Estimated Increase of
Decrease in Net Income
between 1-12 months

+300 Bp

+9.2%

+200 Bp

6.3%

+100 Bp

3.2%

Data: December 31. 2008

Interest Rate Risk to Net
Interest Margin:

- Purchased 2005-2006
- Sold late 2008
- Positions CHCO for rising rates

Notional

Prime Rate

Term Date

$100MM

June 2011

$100MM

7.75%

May 2011

$50MM

6.75%

Nov 2009

$50MM

6.75%

Nov 2008

$100MM

June 2010

$100MM

June 2009

Prime-based Floors:

Interest Rate Risk Summary:

u CHCO is less dependent upon NII than
its peers

t Fee income in top 10% of peer group

u Due to Prime-based floors, CHCO’s NIM
is among the best in the industry at
these very low interest rates

u CHCO’s balance sheet is traditionally
asset-sensitive due to strong prime-
based portfolio supported by core
deposits, so CHCO is poised to benefit
from economic recovery

Conservative Loan Portfolio Mix

Loan to Deposits 88.8%

Loan to Deposits 98.8%

Sample of 266 publicly traded banks
and thrifts with assets between $1-$10
billion as of December 31, 2007

As of December 31, 2008

n Opportunity:
City’s mix is 40%
Commercial/60%
Retail reflecting
City’s historic retail
focus.

n Opportunity: Some
competitors have
stopped lending.

n Opportunity:
City has launched a
successful new cash
management initiative
to address depository
needs of larger
business customers.

CHCO’s Cost of Funds Advantage:

CHCO

Peers

Advantage

CD’s

3.87%

3.81%

-6 Bps

Interest Bearing
Deposits

2.48%

2.74%

26 Bps

Total Deposits

2.08%

2.33%

25 Bps

Interest Bearing
Liabilities

2.48%

2.90%

52 Bps

Top quartile

Favorable Revenue Profile for the
current yield curve environment:

24%

76%

64%

*As of December 31, 2008. Non-
interest income excludes other than
temporary impairment losses and
VISA IPO gain

Sample of 249 reporting publicly traded
banks and thrifts with assets between
$1 and $10 billion as of December 31,
2008, excluding investment
gains/losses

94th percentile

City’s Insurance Division

n 2006 Revenues $2.3 million

n 2007 $4.1 million

n 2008 $4.2 million

Strategies:

u Added Workers Compensation Dept in 2007

u Added Personal Lines Department - goal of $3
million in revenue

u Opened Beckley WV Office in 2007

u Opened Martinsburg Office in 4th Q 2008

u Opened Ashland Office in 4th Q 2008

u Acquired Charleston-based agency in Dec 2008

WV Economy: Relatively Stable
Compared to U.S.

n January 2009 Unemployment Rate

u West Virginia 6.2%

u U.S. 7.6%

n Housing Price Appreciation - last 12
months from OHFEO

u West Virginia -.9% (7th best in U.S)

n Foreclosure Rates (June 08)

u West Virginia 1 of 10,450

u U.S. 1 of 501

Greenbrier Resort Speculative
Properties - Two Now in OREO

Current Book Balance @ 12/31/08 $17MM

Non-Performing @12/31/08 $12MM

Provision @ 12/31/08 $3.6MM

Past-Due Loans (30+ days)

12/31/05

12/31/06

12/31/07

12/31/08

Residential

1.14%

0.76%

0.91%

1.01%

Home
Equity

0.37%

0.34%

0.63%

0.32%

Consumer

2.32%

0.99%

0.86%

0.58%

CMRE

0.11%

0.03%

0.26%

0.22%

C&I

0.12%

1.47%

0.02%

0.23%

Past-due loans trends are stable and reflect better
economics in City’s core markets

Asset Quality Summary:

u Charge-offs include overdrawn depository
accounts

u CHCO operates in markets where the economy is
“stable” ; Real estate prices in CHCO markets
have been stable

u Non-performing Loans comparable to peers

u Non-Performing Loans are concentrated in two
areas: Greenbrier Resort homes and the Eastern
Panhandle of West Virginia

u Past-due loans have been stable at relatively low
levels as compared to peers

u CHCO is well positioned in difficult economic
times

Investment Portfolio

Orig.

Cost

Other than
Temporary
Impairment
Charges (Cumm)

Unrealized
Gains/
(Losses)

Carrying
Value

% of
Original
Cost Still
Carried

Treasury

Agency Debt

Municipals

$ 44.8

($0.5)

$44.3

99%

MBS

$284.6

$3.7

$288.3

101%

Pool Bank Trust Pfd

$ 29.7

($16.2)

($10.1)

$3.4

11%

Single Issue Bank Trust
Pfd; Bank Holding
Company Pfd;

Sub-debt of FI’s

$112.7

($15.3)

$96.5

86%

Money Markets &
Mutual Funds

$1.9

$1.8

98%

Fed & FHLB Stock

$ 13.0

$13.0

100%

Bank Equities

$ 7.9

($2.4)

$5.5

70%

City is Highly Efficient

2004 Efficiency Ratio adjusted to eliminate $5.5 million in revenue from
Legal Settlement and associated legal expenses of $500M; Peers:
Sample of 225 reporting publicly traded banks and thrifts with assets
between $1 to $10 Billion as of December 31, 2007

94th percentile

CHCO: Value in the Banking Sector
- Strong Capital without TARP!!!

CHCO

12/31/08

Peer

Mean

12/31/08

Equity/Assets

10.9%

8.8%

Tang Equity/Tang
Assets

8.8%

7.3%

Leverage Ratio

9.5%

8.8%

Tier I Capital Ratio

12.3%

11.2%

Total Risk-based
Capital Ratio

13.4%

12.9%

Source: SNL for 253 publicly traded banks with total assets from $1 to $10
billion reporting to date - tangible equity measured at 12/31/08

CHCO: Capital Flexibility

Capital Flexibility

No TARP!!!!

Dividends

- Increased 10% in April 2004 to $0.88

- Increased 14% in April 2005 to $1.00

- Increased 12% in April 2006 to $1.12

- Increased 11% in April 2007 to $1.24

- Increased 10% in April 2008 to $1.36

- Dividend Yield over 5%!!!

Share Repurchases

- Purchased 1,651,172 shares in 2007 and 2008 (9.4% of
outstanding shares at 12/31/06)

- Driven by CHCO’s strong profitability, coupled with
CHCO’s dividend coverage ratio against first call
estimates, CHOC can achieve greater long-term share
repurchase activity than peers.

Pricing Metrics*:

n Price to Book: 153%

n Price to Tangible Book: 193%

n Price to 2009 Projected Earnings** 9.5x

n Dividend Yield 5.0%

n Div Payout Ratio (First Call)** 48%

n Tangible Capital/Tangible Assets 8.83%

n Institutional Ownership 57%

* Based on Price of $27.00 (intra-day trade on 2/27/09)

** Based on analyst estimate of $2.85 (average of 6)

Does CHCO still represents good
value ???