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City Holding Company (Parent Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | The following table presents the condensed balance sheets of City Holding Company, parent company only (in thousands):
| December 31
| 2019 | 2018
Assets |  |
Cash | $ | 26,171 |  | $ | 20,621 |
Securities available-for-sale | 6,286 |  | 5,908 |
Investment in subsidiaries | 638,490 |  | 583,673 |
Loans | 663 |  | 701 |
Fixed assets | 23 |  | 5 |
Other assets | 643 |  | 3,316 |
Total Assets | $ | 672,276 |  | $ | 614,224 |
Liabilities |  |
Junior subordinated debentures | $ | 4,056 |  | $ | 4,053 |
Dividends payable | 9,293 |  | 8,774 |
Deferred tax liability | 534 |  | 366 |
Other liabilities | 410 |  | 267 |
Total Liabilities | 14,293 |  | 13,460 |
Total Shareholders’ Equity | 657,983 |  | 600,764 |
Total Liabilities and Shareholders’ Equity | $ | 672,276 |  | $ | 614,224 |
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
| 2019 | 2018 | 2017
Income |  |  |
Dividends from subsidiaries | $ | 58,000 |  | $ | 50,000 |  | $ | 30,000 |
Realized and unrealized investment securities gains | 425 |  | 208 |  | 200 |
Other income | 151 |  | 130 |  | 115 |
| 58,576 |  | 50,338 |  | 30,315 |
Expenses |  |  |
Interest expense | 182 |  | 880 |  | 765 |
Merger related expenses | — |  | 1,899 |  | — |
Other expenses | 1,794 |  | 1,842 |  | 1,636 |
| 1,976 |  | 4,621 |  | 2,401 |
Income Before Income Tax Benefit and Equity in Undistributed Net Income of Subsidiaries | 56,600 |  | 45,717 |  | 27,914 |
Income tax benefit | (455 | ) | (1,114 | ) | (1,197 | )
Income Before Equity in Undistributed Net Income of Subsidiaries | 57,055 |  | 46,831 |  | 29,111 |
Equity in undistributed net income of subsidiaries | 32,297 |  | 23,171 |  | 25,199 |
Net Income | $ | 89,352 |  | $ | 70,002 |  | $ | 54,310 |
Total Comprehensive Income | $ | 109,674 |  | $ | 63,821 |  | $ | 56,677 |
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
| 2019 | 2018 | 2017
Operating Activities |  |  |
Net income | $ | 89,352 |  | $ | 70,002 |  | $ | 54,310 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Unrealized and realized investment securities gains | (425 | ) | (208 | ) | (200 | )
Provision (benefit) for deferred income taxes | 173 |  | (88 | ) | 1,347 |
Depreciation, amortization and accretion, net | 3 |  | 1 |  | 1 |
Stock based compensation | 2,516 |  | 2,151 |  | 2,097 |
Asset write down | — |  | 193 |  | — |
Change in other assets | 2,696 |  | 2,668 |  | (405 | )
Change in other liabilities | (2,060 | ) | (1,816 | ) | (1,660 | )
Equity in undistributed net income | (32,297 | ) | (23,171 | ) | (25,199 | )
Net Cash Provided by Operating Activities | 59,958 |  | 49,732 |  | 30,291 |
Investing Activities |  |  |
Proceeds from sales of available for sale securities | 6 |  | — |  | 200 |
Net decrease in loans | 38 |  | — |  | — |
Acquisition of Farmers Deposit Bancorp, Inc., net of cash acquired of $946 | — |  | (23,954 | ) | — |
Acquisition of Poage Bankshares, Inc., net of cash acquired of $518 | — |  | 502 |  | — |
Net Cash Provided by (Used in) Investing Activities | 44 |  | (23,452 | ) | 200 |
Financing Activities |  |  |
Repayment of long-term debt | — |  | (16,495 | ) | — |
Proceeds from sale of capital securities | — |  | 495 |  | — |
Dividends paid | (35,547 | ) | (29,583 | ) | (27,120 | )
Issuance of common stock | — |  | — |  | 28,408 |
Purchases of treasury stock | (19,431 | ) | (20,271 | ) | — |
Exercise of stock options | 526 |  | 1,164 |  | 732 |
Net Cash (Used in) Provided by Financing Activities | (54,452 | ) | (64,690 | ) | 2,020 |
Increase (Decrease) in Cash and Cash Equivalents | 5,550 |  | (38,410 | ) | 32,511 |
Cash and cash equivalents at beginning of year | 20,621 |  | 59,031 |  | 26,520 |
Cash and Cash Equivalents at End of Year | $ | 26,171 |  | $ | 20,621 |  | $ | 59,031 |

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