XML 66 R30.htm IDEA: XBRL DOCUMENT
v2.4.1.9

City Holding Company (Parent Company Only) Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
City Holding Company (Parent Company Only) Financial Information | 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
| 2014 | 2013
Assets |  |
Cash | $ | 12,521 |  | $ | 28,423 |
Securities available-for-sale | 3,212 |  | 4,673 |
Investment in subsidiaries | 380,348 |  | 373,886 |
Deferred tax asset | 1,436 |  | 2,990 |
Fixed assets | 9 |  | 10 |
Other assets | 16,629 |  | 519 |
Total Assets | $ | 414,155 |  | $ | 410,501 |
Liabilities |  |
Junior subordinated debentures | $ | 16,495 |  | $ | 16,495 |
Dividends payable | 6,062 |  | 5,828 |
Accrued interest payable | 26 |  | 25 |
Other liabilities | 719 |  | 530 |
Total Liabilities | 23,302 |  | 22,878 |
Shareholders’ Equity | 390,853 |  | 387,623 |
Total Liabilities and Shareholders’ Equity | $ | 414,155 |  | $ | 410,501 |
Junior subordinated debentures represent the Parent Company’s amounts owed to City Holding Capital Trust III. Condensed Statements of Comprehensive Income The following table presents the condensed statements of comprehensive income of City Holding Company, parent company only (in thousands):
| Year Ended December 31
| 2014 | 2013 | 2012
Income |  |  |
Dividends from subsidiaries | $ | 46,050 |  | $ | 46,317 |  | $ | 41,422 |
Investment securities gains | 1,130 |  | 89 |  | 1,134 |
Other income | 65 |  | 66 |  | 65 |
| 47,245 |  | 46,472 |  | 42,621 |
Expenses |  |  |
Interest expense | 605 |  | 617 |  | 661 |
Other expenses | 849 |  | 2,352 |  | 533 |
| 1,454 |  | 2,969 |  | 1,194 |
Income Before Income Tax (Benefit) Expense and Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 45,791 |  | 43,503 |  | 41,427 |
Income tax (benefit) expense | (231 | ) | (1,050 | ) | 2 |
Income Before Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 46,022 |  | 44,553 |  | 41,425 |
Equity in undistributed net income (excess dividends) of subsidiaries | 6,940 |  | 3,662 |  | (2,480 | )
Net Income | $ | 52,962 |  | $ | 48,215 |  | $ | 38,945 |
Total Comprehensive Income | $ | 53,793 |  | $ | 44,647 |  | $ | 41,430 |
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
| 2014 | 2013 | 2012
Operating Activities |  |  |
Net income | $ | 52,962 |  | $ | 48,215 |  | $ | 38,945 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Realized investment securities gains | (1,130 | ) | (89 | ) | (1,134 | )
Amortization and accretion | — |  | 5 |  | 19 |
Stock based compensation | 200 |  | 205 |  | 224 |
Depreciation | 1 |  | 1 |  | 1 |
Change in other assets | (16,110 | ) | 1,656 |  | 740 |
Change in other liabilities | 2,146 |  | (236 | ) | 1,136 |
(Equity in undistributed net income) excess dividends of subsidiaries | (4,441 | ) | (3,662 | ) | 2,480 |
Net Cash Provided by Operating Activities | 33,628 |  | 46,095 |  | 42,411 |
Investing Activities |  |  |
Purchases of available for sale securities | — |  | — |  | (403 | )
Proceeds from sales of available for sale securities | 2,334 |  | 137 |  | 2,473 |
Acquisition of Community Financial Corporation | — |  | (12,708 | ) | — |
Acquisition of Virginia Savings Bank | — |  | — |  | (4,672 | )
Net Cash Used in Investing Activities | 2,334 |  | (12,571 | ) | (2,602 | )
Financing Activities |  |  |
Dividends paid | (24,487 | ) | (22,878 | ) | (20,710 | )
Purchases of treasury stock | (27,957 | ) | — |  | (7,915 | )
Exercise of stock options | 580 |  | 3,428 |  | 544 |
Net Cash Used in Financing Activities | (51,864 | ) | (19,450 | ) | (28,081 | )
Increase in Cash and Cash Equivalents | (15,902 | ) | 14,074 |  | 11,728 |
Cash and cash equivalents at beginning of year | 28,423 |  | 14,349 |  | 2,621 |
Cash and Cash Equivalents at End of Year | $ | 12,521 |  | $ | 28,423 |  | $ | 14,349 |

X
- Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration