XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.22.0.1

City Holding Company (Parent Company Only) Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information 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
| 2021 | 2020
Assets |  |
Cash | $ | 26,884 |  | $ | 22,335 |
Securities available-for-sale | 2,644 |  | 5,267 |
Investment in subsidiaries | 659,945 |  | 681,744 |
Loans | 479 |  | 624 |
Fixed assets | 9 |  | 15 |
Other assets | 849 |  | 932 |
Total Assets | $ | 690,810 |  | $ | 710,917 |
Liabilities |  |
Dividends payable | $ | 9,249 |  | $ | 9,145 |
Deferred tax liability | 104 |  | 298 |
Other liabilities | 352 |  | 368 |
Total Liabilities | 9,705 |  | 9,811 |
Total Shareholders’ Equity | 681,105 |  | 701,106 |
Total Liabilities and Shareholders’ Equity | $ | 690,810 |  | $ | 710,917 |
On January 29, 2020, the Board of Directors of the Company authorized repayment of its Subordinated Debentures assumed by the Company as part of its acquisition of Poage at a price of 100% of the principal amount. Town Square Statutory Trust I repaid its Capital Securities on March 16, 2020. 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
| 2021 | 2020 | 2019
Income |  |  |
Dividends from subsidiaries | $ | 96,000 |  | $ | 74,300 |  | $ | 58,000 |
Realized and unrealized investment securities gains (losses) | 820 |  | (1,018) |  | 425 |
Other income | 191 |  | 183 |  | 151 |
| 97,011 |  | 73,465 |  | 58,576 |
Expenses |  |  |
Interest expense | — |  | 100 |  | 182 |
Other expenses | 1,610 |  | 1,810 |  | 1,794 |
| 1,610 |  | 1,910 |  | 1,976 |
Income Before Income Tax Benefit and (Excess Dividends) Equity in Undistributed Net Income of Subsidiaries | 95,401 |  | 71,555 |  | 56,600 |
Income tax benefit | (264) |  | (760) |  | (455) |
Income Before (Excess Dividends) Equity in Undistributed Net Income of Subsidiaries | 95,665 |  | 72,315 |  | 57,055 |
(Excess dividends) Equity in undistributed net income of subsidiaries | (7,585) |  | 17,280 |  | 32,297 |
Net Income | $ | 88,080 |  | $ | 89,595 |  | $ | 89,352 |
Total Comprehensive Income | $ | 71,107 |  | $ | 114,988 |  | $ | 109,674 |
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
| 2021 | 2020 | 2019
Operating Activities |  |  |
Net income | $ | 88,080 |  | $ | 89,595 |  | $ | 89,352 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Unrealized and realized investment securities (gains) losses | (820) |  | 1,018 |  | (425) |
(Benefit) provision for deferred income taxes | (194) |  | (255) |  | 173 |
Depreciation, amortization and accretion, net | — |  | 1 |  | 3 |
Stock based compensation | 3,121 |  | 3,253 |  | 2,516 |
Change in other assets | 89 |  | (284) |  | 2,696 |
Change in other liabilities | (2,775) |  | (2,936) |  | (2,060) |
Excess dividends of subsidiaries (equity in undistributed net income) | 7,585 |  | (17,280) |  | (32,297) |
Net Cash Provided by Operating Activities | 95,086 |  | 73,112 |  | 59,958 |
Investing Activities |  |  |
Proceeds from sales of available for sale securities | 3,443 |  | — |  | 6 |
Net decrease in loans | 145 |  | 39 |  | 38 |
Net Cash Provided by Investing Activities | 3,588 |  | 39 |  | 44 |
Financing Activities |  |  |
Repayment of long-term debt | — |  | (4,056) |  | — |
Dividends paid | (36,138) |  | (36,673) |  | (35,547) |
Purchases of treasury stock | (58,678) |  | (36,481) |  | (19,431) |
Exercise of stock options | 691 |  | 223 |  | 526 |
Net Cash Used in Financing Activities | (94,125) |  | (76,987) |  | (54,452) |
Increase (Decrease) in Cash and Cash Equivalents | 4,549 |  | (3,836) |  | 5,550 |
Cash and cash equivalents at beginning of year | 22,335 |  | 26,171 |  | 20,621 |
Cash and Cash Equivalents at End of Year | $ | 26,884 |  | $ | 22,335 |  | $ | 26,171 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration