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City Holding Company (Parent Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
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
| 2020 | 2019
Assets |  |
Cash | $ | 22,335 |  | $ | 26,171 |
Securities available-for-sale | 5,267 |  | 6,286 |
Investment in subsidiaries | 681,744 |  | 638,490 |
Loans | 624 |  | 663 |
Fixed assets | 15 |  | 23 |
Other assets | 932 |  | 643 |
Total Assets | $ | 710,917 |  | $ | 672,276 |
Liabilities |  |
Junior subordinated debentures | $ | — |  | $ | 4,056 |
Dividends payable | 9,145 |  | 9,293 |
Deferred tax liability | 298 |  | 534 |
Other liabilities | 368 |  | 410 |
Total Liabilities | 9,811 |  | 14,293 |
Total Shareholders’ Equity | 701,106 |  | 657,983 |
Total Liabilities and Shareholders’ Equity | $ | 710,917 |  | $ | 672,276 |
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
| 2020 | 2019 | 2018
Income |  |  |
Dividends from subsidiaries | $ | 74,300 |  | $ | 58,000 |  | $ | 50,000 |
Realized and unrealized investment securities (losses) gains | (1,018) |  | 425 |  | 208 |
Other income | 183 |  | 151 |  | 130 |
| 73,465 |  | 58,576 |  | 50,338 |
Expenses |  |  |
Interest expense | 100 |  | 182 |  | 880 |
Merger related expenses | — |  | — |  | 1,899 |
Other expenses | 1,810 |  | 1,794 |  | 1,842 |
| 1,910 |  | 1,976 |  | 4,621 |
Income Before Income Tax Benefit and Equity in Undistributed Net Income of Subsidiaries | 71,555 |  | 56,600 |  | 45,717 |
Income tax benefit | (760) |  | (455) |  | (1,114) |
Income Before Equity in Undistributed Net Income of Subsidiaries | 72,315 |  | 57,055 |  | 46,831 |
Equity in undistributed net income of subsidiaries | 17,280 |  | 32,297 |  | 23,171 |
Net Income | $ | 89,595 |  | $ | 89,352 |  | $ | 70,002 |
Total Comprehensive Income | $ | 114,988 |  | $ | 109,674 |  | $ | 63,821 |
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
| 2020 | 2019 | 2018
Operating Activities |  |  |
Net income | $ | 89,595 |  | $ | 89,352 |  | $ | 70,002 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Unrealized and realized investment securities losses (gains) | 1,018 |  | (425) |  | (208) |
(Benefit) provision for deferred income taxes | (255) |  | 173 |  | (88) |
Depreciation, amortization and accretion, net | 1 |  | 3 |  | 1 |
Stock based compensation | 3,253 |  | 2,516 |  | 2,151 |
Asset write down | — |  | — |  | 193 |
Change in other assets | (284) |  | 2,696 |  | 2,668 |
Change in other liabilities | (2,936) |  | (2,060) |  | (1,816) |
Equity in undistributed net income | (17,280) |  | (32,297) |  | (23,171) |
Net Cash Provided by Operating Activities | 73,112 |  | 59,958 |  | 49,732 |
Investing Activities |  |  |
Proceeds from sales of available for sale securities | — |  | 6 |  | — |
Net decrease in loans | 39 |  | 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 | 39 |  | 44 |  | (23,452) |
Financing Activities |  |  |
Repayment of long-term debt | (4,056) |  | — |  | (16,495) |
Proceeds from sale of capital securities | — |  | — |  | 495 |
Dividends paid | (36,673) |  | (35,547) |  | (29,583) |
Purchases of treasury stock | (36,481) |  | (19,431) |  | (20,271) |
Exercise of stock options | 223 |  | 526 |  | 1,164 |
Net Cash Used in Financing Activities | (76,987) |  | (54,452) |  | (64,690) |
(Decrease) Increase in Cash and Cash Equivalents | (3,836) |  | 5,550 |  | (38,410) |
Cash and cash equivalents at beginning of year | 26,171 |  | 20,621 |  | 59,031 |
Cash and Cash Equivalents at End of Year | $ | 22,335 |  | $ | 26,171 |  | $ | 20,621 |

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