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City Holding Company (Parent Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
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,
| 2022 | 2021
Assets |  |
Cash | $ | 54,597 |  | $ | 26,884 |
Securities available-for-sale | 2,530 |  | 2,644 |
Investment in subsidiaries | 530,144 |  | 659,945 |
Loans | 424 |  | 479 |
Fixed assets | 2 |  | 9 |
Deferred tax asset | 32 |  | — |
Other assets | 1,321 |  | 849 |
Total Assets | $ | 589,050 |  | $ | 690,810 |
Liabilities |  |
Dividends payable | $ | 9,748 |  | $ | 9,249 |
Deferred tax liability | — |  | 104 |
Other liabilities | 1,450 |  | 352 |
Total Liabilities | 11,198 |  | 9,705 |
Total Shareholders’ Equity | 577,852 |  | 681,105 |
Total Liabilities and Shareholders’ Equity | $ | 589,050 |  | $ | 690,810 |
Condensed Statements Of Comprehensive Income | The following table presents the condensed statements of comprehensive (loss) income of City Holding Company, parent company only (in thousands):
| Year Ended December 31,
| 2022 | 2021 | 2020
Income |  |  |
Dividends from subsidiaries | $ | 90,500 |  | $ | 96,000 |  | $ | 74,300 |
Realized and unrealized investment securities (losses) gains | (52) |  | 820 |  | (1,018) |
Other income | 99 |  | 191 |  | 183 |
| 90,547 |  | 97,011 |  | 73,465 |
Expenses |  |  |
Interest expense | — |  | — |  | 100 |
Other expenses | 2,077 |  | 1,610 |  | 1,810 |
| 2,077 |  | 1,610 |  | 1,910 |
Income Before Income Tax Benefit and Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 88,470 |  | 95,401 |  | 71,555 |
Income tax benefit | (604) |  | (264) |  | (760) |
Income Before Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 89,074 |  | 95,665 |  | 72,315 |
Equity in undistributed net income (excess dividends) of subsidiaries | 12,997 |  | (7,585) |  | 17,280 |
Net Income | $ | 102,071 |  | $ | 88,080 |  | $ | 89,595 |
Total Comprehensive (Loss) Income | $ | (43,677) |  | $ | 71,107 |  | $ | 114,988 |
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,
| 2022 | 2021 | 2020
Operating Activities |  |  |
Net income | $ | 102,071 |  | $ | 88,080 |  | $ | 89,595 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Unrealized and realized investment securities losses (gains) | 52 |  | (820) |  | 1,018 |
(Benefit) provision for deferred income taxes | (136) |  | (194) |  | (255) |
Depreciation, amortization and accretion, net | — |  | — |  | 1 |
Stock based compensation | 3,277 |  | 3,121 |  | 3,253 |
Change in other assets | (465) |  | 89 |  | (284) |
Change in other liabilities | (1,851) |  | (2,775) |  | (2,936) |
(Equity in undistributed net income) excess dividends of subsidiaries | (12,997) |  | 7,585 |  | (17,280) |
Net Cash Provided by Operating Activities | 89,951 |  | 95,086 |  | 73,112 |
Investing Activities |  |  |
Proceeds from sales of available for sale securities | 61 |  | 3,443 |  | — |
Net decrease in loans | 55 |  | 145 |  | 39 |
Net Cash Provided by Investing Activities | 116 |  | 3,588 |  | 39 |
Financing Activities |  |  |
Repayment of long-term debt | — |  | — |  | (4,056) |
Dividends paid | (36,702) |  | (36,138) |  | (36,673) |
Purchases of treasury stock | (26,449) |  | (58,678) |  | (36,481) |
Exercise of stock options | 797 |  | 691 |  | 223 |
Net Cash Used in Financing Activities | (62,354) |  | (94,125) |  | (76,987) |
Increase (Decrease) in Cash and Cash Equivalents | 27,713 |  | 4,549 |  | (3,836) |
Cash and cash equivalents at beginning of year | 26,884 |  | 22,335 |  | 26,171 |
Cash and Cash Equivalents at End of Year | $ | 54,597 |  | $ | 26,884 |  | $ | 22,335 |

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