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City Holding Company (Parent Company Only) Financial Information | 12 Months Ended
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Dec. 31, 2023
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,
| 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 (Loss) 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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- 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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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