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City Holding Company (Parent Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2023
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,
| 2023 | 2022
Assets |  |
Cash | $ | 63,988 |  | $ | 54,597 |
Securities available-for-sale | 1,781 |  | 2,530 |
Investment in subsidiaries | 620,757 |  | 530,144 |
Loans | 372 |  | 424 |
Fixed assets | — |  | 2 |
Deferred tax asset | 182 |  | 32 |
Other assets | 1,193 |  | 1,321 |
Total Assets | $ | 688,273 |  | $ | 589,050 |
Liabilities |  |
Dividends payable | $ | 10,692 |  | $ | 9,748 |
Other liabilities | 515 |  | 1,450 |
Total Liabilities | 11,207 |  | 11,198 |
Total Shareholders’ Equity | 677,066 |  | 577,852 |
Total Liabilities and Shareholders’ Equity | $ | 688,273 |  | $ | 589,050 |
Condensed Statements Of Comprehensive Income | The following table presents the condensed statements of comprehensive income (loss) of City Holding Company, parent company only (in thousands):
| Year Ended December 31,
| 2023 | 2022 | 2021
Income |  |  |
Dividends from subsidiaries | $ | 108,895 |  | $ | 90,500 |  | $ | 96,000 |
Realized and unrealized investment securities (losses) gains | (302) |  | (52) |  | 820 |
Other income | 98 |  | 99 |  | 191 |
| 108,691 |  | 90,547 |  | 97,011 |
Expenses |  |  |
Other expenses | 2,024 |  | 2,077 |  | 1,610 |
| 2,024 |  | 2,077 |  | 1,610 |
Income Before Income Tax Benefit and Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 106,667 |  | 88,470 |  | 95,401 |
Income tax benefit | (650) |  | (604) |  | (264) |
Income Before Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 107,317 |  | 89,074 |  | 95,665 |
Equity in undistributed net income (excess dividends) of subsidiaries | 7,048 |  | 12,997 |  | (7,585) |
Net Income | $ | 114,365 |  | $ | 102,071 |  | $ | 88,080 |
Total Comprehensive Income (Loss) | $ | 135,316 |  | $ | (43,677) |  | $ | 71,107 |
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,
| 2023 | 2022 | 2021
Operating Activities |  |  |
Net income | $ | 114,365 |  | $ | 102,071 |  | $ | 88,080 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Unrealized and realized investment securities losses (gains) | 302 |  | 52 |  | (820) |
(Benefit) provision for deferred income taxes | (150) |  | (136) |  | (194) |
Depreciation, amortization and accretion, net | — |  | — |  | — |
Stock based compensation | 3,213 |  | 3,277 |  | 3,121 |
Change in other assets | 128 |  | (465) |  | 89 |
Change in other liabilities | (4,134) |  | (1,851) |  | (2,775) |
(Equity in undistributed net income) excess dividends of subsidiaries | (7,048) |  | (12,997) |  | 7,585 |
Net Cash Provided by Operating Activities | 106,676 |  | 89,951 |  | 95,086 |
Investing Activities |  |  |
Proceeds from sales of available for sale securities | — |  | 61 |  | 3,443 |
Proceeds from sales of other investments | 447 |  | — |  | — |
Net decrease in loans | 52 |  | 55 |  | 145 |
Acquisition of Citizens Commerce Bancshares, Inc. | 2,343 |  | — |  | — |
Net Cash Provided by Investing Activities | 2,842 |  | 116 |  | 3,588 |
Financing Activities |  |  |
Repayment of FHLB long-term advances | — |  | — |  | — |
Dividends paid | (39,993) |  | (36,702) |  | (36,138) |
Purchases of treasury stock | (60,134) |  | (26,449) |  | (58,678) |
Exercise of stock options | — |  | 797 |  | 691 |
Net Cash Used in Financing Activities | (100,127) |  | (62,354) |  | (94,125) |
Increase (Decrease) in Cash and Cash Equivalents | 9,391 |  | 27,713 |  | 4,549 |
Cash and cash equivalents at beginning of year | 54,597 |  | 26,884 |  | 22,335 |
Cash and Cash Equivalents at End of Year | $ | 63,988 |  | $ | 54,597 |  | $ | 26,884 |

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