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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Multiemployer Plans [Line Items]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below: 
202120202019
OptionsWeighted-Average Exercise PriceOptionsWeighted-Average Exercise PriceOptionsWeighted-Average Exercise Price
Outstanding at January 141,330 $53.64 46,251 $52.74 57,972 $51.15 
     Granted— — — — — — 
     Exercised(14,603)47.43 (4,921)45.17 (11,721)44.87 
     Forfeited
— — — — — — 
Outstanding at December 31
26,727 $57.04 41,330 $53.64 46,251 $52.74 
Exercisable at end of year20,848 $54.42 21,459 $50.45 8,063 $44.48 
Nonvested at beginning of year19,871 56.97 38,188 54.42 55,275 51.40 
Granted during the year— — — — — — 
Vested during the year(13,992)53.22 (18,317)51.66 (17,087)44.65 
Forfeited during the year
— — — — — — 
Nonvested at end of year
5,879 $66.32 19,871 $56.97 38,188 $54.42 

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,
202120202019
Proceeds from stock option exercises$691 $223 $526 
Intrinsic value of stock options exercised474 93 368 
Stock-based compensation expense associated with stock options$22 $60 $119 
Income tax benefit recognized related to stock-based compensation2 5 12 
At period-end:2021
Unrecognized stock-based compensation expense$2 
Weighted average period in which the above amount is expected to be recognized0.2years
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
202120202019
Restricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at Grant
Outstanding at January 1158,554148,083149,692
     Granted34,762$76.38 44,696$69.28 44,598$77.78 
     Forfeited/Vested
(46,561)(34,225)(46,207)
Outstanding at December 31
146,755158,554148,083

    
Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):
For the year ended December 31,
202120202019
Stock-based compensation expense associated with restricted shares, RSUs and
  PSUs		$2,949 $2,836 $2,022 
At period-end:2021
Unrecognized stock-based compensation expense$4,947 
Weighted average period in which the above amount is expected to be recognized2.9years
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,
202120202019
Expense associated with the Company's 401(k) Plan$1,075 $1,061 $1,023 
At period-end:
Number of shares of the Company's common stock held by the 401(k) Plan178,936 198,300 203,989 
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
20212020
Change in fair value of plan assets:
Fair value at beginning of measurement period$12,629 $11,884 
Actual gain on plan assets2,165 1,324 
Contributions1,000 450 
Benefits paid
(1,090)(1,029)
Fair value at end of measurement period14,704 12,629 
Change in benefit obligation:
Benefit obligation at beginning of measurement period(15,499)(15,219)
Interest cost(331)(448)
Actuarial (loss) gain (174)83 
Assumption changes
619 (944)
Benefits paid
1,090 1,029 
Benefit obligation at end of measurement period(14,295)(15,499)
Funded status$409 $(2,870)
Weighted-average assumptions for benefit obligation:
Discount rate2.63 %2.21 %
Expected long-term rate of return6.75 %6.75 %
Weighted-average assumptions for net periodic pension cost:
Discount rate2.21 %3.05 %
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.
202120202019
Interest cost$331 $448 $561 
Expected return on plan assets(884)(814)(856)
Net amortization and deferral
1,122 1,089 917 
Net Periodic Pension Cost
$569 $723 $622 
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 income were as follows (in thousands):
202120202019
Net actuarial gain (loss)$2,848 $737 $(530)
Deferred tax (expense) benefit(672)(128)131 
   Other comprehensive income (loss), net of tax$2,176 $609 $(399)

    Amounts recognized as a component of accumulated other comprehensive loss as of December 31, 2021 and 2020 were as follows (in thousands):
20212020
Net actuarial loss$4,598 $7,445 
Deferred tax benefit(1,113)(1,784)
   Amounts included in accumulated other comprehensive income (loss), net of tax$3,485 $5,661 
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
2022$985 
2023988 
2024983 
2025988 
2026972 
2027 through 20304,527 
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
2021
Cash and cash equivalents$39 $39 $— $— 
Common stocks
11,835 11,835 — — 
Corporate bonds
2,830 — 2,830 — 
Total
$14,704 $11,874 $2,830 $— 
2020
Cash and cash equivalents$146 $146 $— $— 
U.S. government agencies100 — 100 
Common stocks10,101 10,101 — — 
Corporate bonds2,282 — 2,282 — 
Total
$12,629 $10,247 $2,382 $— 
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, 2021 (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, 2021, 2020 and 2019.  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 acquisition97.97%
Funded status for plan inherited with Poage acquisition97.98%
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
202120202019
Cost of other post-retirement benefits$277 $278 $304 
At period-end:
Other post-retirement benefit liability (included in Other Liabilities)5,995 6,093 6,570 
Cash surrender value of insurance policies (included in Other Assets)5,071 5,916 6,544