City Holding Company (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

City Holding Company (Parent Company Only) Financial Information

Condensed Balance Sheets

    The following table presents the condensed balance sheets of City Holding Company, parent company only (in thousands):

	December 31,
	2024		2023
Assets
Cash	$	117,331	$	63,988
Investment securities available for sale, at fair value	382		1,781
Investment in subsidiaries	624,363		620,757
Loans, net	305		372
Deferred tax asset, net	279		182
Other assets	534		1,193
Total Assets	$	743,194	$	688,273
Liabilities
Dividends payable	$	11,853	$	10,692
Other liabilities	677		515
Total Liabilities	12,530		11,207
Total Shareholders’ Equity	730,664		677,066
Total Liabilities and Shareholders’ Equity	$	743,194	$	688,273

Condensed Statements of Comprehensive Income (Loss)

    The following table presents the condensed statements of comprehensive income (loss) of City Holding Company, parent company only (in thousands):

	Year Ended December 31,
	2024		2023		2022
Income
Dividends from subsidiaries	$	113,000	$	108,895	$	90,500
Realized and unrealized investment securities gains (losses)	149		(302)		(52)
Other income	181		98		99
	113,330		108,691		90,547
Expenses
Other expenses	2,399		2,024		2,077
	2,399		2,024		2,077
Income Before Income Tax Benefit and Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries	110,931		106,667		88,470
Income tax benefit	(567)		(650)		(604)
Income Before Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries	111,498		107,317		89,074
Equity in undistributed net income (excess dividends) of subsidiaries	5,603		7,048		12,997
Net Income	$	117,101	$	114,365	$	102,071
Total Comprehensive Income (Loss)	$	111,921	$	135,316	$	(43,677)

Condensed Statements of Cash Flows

    The following table presents the condensed statements of cash flows of City Holding Company, parent company only (in thousands):

	Year Ended December 31,
	2024		2023		2022
Operating Activities
Net income	$	117,101	$	114,365	$	102,071
Adjustments to reconcile net income to net cash provided by operating activities:
Unrealized and realized investment securities (gains) losses	(149)		302		52
(Benefit) provision for deferred income taxes	(97)		(150)		(136)
Stock based compensation	3,522		3,213		3,277
Change in other assets	660		128		(465)
Change in other liabilities	(3,022)		(4,134)		(1,851)
(Equity in undistributed net income) excess dividends of subsidiaries	(5,603)		(7,048)		(12,997)
Net Cash Provided by Operating Activities	112,412		106,676		89,951
Investing Activities
Proceeds from sales of available for sale securities	—		—		61
Proceeds from sales of other investments	1,548		447		—
Net decrease in loans	67		52		55
Acquisition of Citizens Commerce Bancshares, Inc.	—		2,343		—
Net Cash Provided by Investing Activities	1,615		2,842		116
Financing Activities
Dividends paid	(43,482)		(39,993)		(36,702)
Purchases of treasury stock	(17,896)		(60,134)		(26,449)
Exercise of stock options	694		—		797
Net Cash Used in Financing Activities	(60,684)		(100,127)		(62,354)
Increase in Cash and Cash Equivalents	53,343		9,391		27,713
Cash and cash equivalents at beginning of year	63,988		54,597		26,884
Cash and Cash Equivalents at End of Year	$	117,331	$	63,988	$	54,597