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Parent Company Only Financial Statements | 12 Months Ended
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Dec. 31, 2023
Parent Company Only Financial Statements |
Parent Company Only Financial Statements | Note 25 Parent Company Only Financial Statements ​ Parent company only financial information for National Bank Holdings Corporation is summarized as follows: ​ Condensed Statements of Financial Condition ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022
ASSETS | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 77,853 | ​ | $ | 46,250
Non-marketable securities | ​ |  | 33,144 | ​ |  | 35,802
Investment in subsidiaries | ​ |  | 1,139,290 | ​ |  | 1,034,501
Other assets | ​ |  | 30,528 | ​ |  | 33,674
Total assets | ​ | $ | 1,280,815 | ​ | $ | 1,150,227
LIABILITIES AND STOCKHOLDERS’ EQUITY | ​ | ​ | ​ | ​ | ​ | ​
Long-term debt, net | ​ | $ | 54,200 | ​ | $ | 53,890
Other liabilities | ​ | ​ | 13,808 | ​ | ​ | 4,135
Total liabilities | ​ |  | 68,008 | ​ |  | 58,025
Shareholders’ equity | ​ |  | 1,212,807 | ​ |  | 1,092,202
Total liabilities and shareholders’ equity | ​ | $ | 1,280,815 | ​ | $ | 1,150,227
​ Condensed Statements of Operations ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ |  | 2023 |  | 2022 |  | 2021
Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed earnings of subsidiaries | ​ | $ | 92,990 | ​ | $ | 30,260 | ​ | $ | 37,866
Distributions from subsidiaries | ​ |  | 62,000 | ​ |  | 52,000 | ​ |  | 63,000
(Loss) income from non-marketable securities | ​ |  | (4,431) | ​ |  | (262) | ​ |  | 553
Total income | ​ |  | 150,559 | ​ |  | 81,998 | ​ |  | 101,419
Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ |  | 2,073 | ​ |  | 1,519 | ​ |  | 197
Salaries and benefits | ​ |  | 7,318 | ​ |  | 6,138 | ​ |  | 5,622
Other expenses | ​ |  | 3,382 | ​ |  | 6,433 | ​ |  | 5,042
Total expenses | ​ |  | 12,773 | ​ |  | 14,090 | ​ |  | 10,861
Income before income taxes | ​ |  | 137,786 | ​ |  | 67,908 | ​ |  | 90,558
Income tax benefit | ​ |  | (4,262) | ​ |  | (3,366) | ​ |  | (3,048)
Net income | ​ | $ | 142,048 | ​ | $ | 71,274 | ​ | $ | 93,606
​ Condensed Statements of Cash Flows ​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ |  | 2023 |  | 2022 |  | 2021
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 142,048 | ​ | $ | 71,274 | ​ | $ | 93,606
Equity in undistributed earnings of subsidiaries | ​ |  | (92,990) | ​ |  | (30,260) | ​ |  | (37,866)
Stock-based compensation expense | ​ |  | 7,222 | ​ |  | 6,059 | ​ |  | 5,541
Amortization | ​ | ​ | 310 | ​ | ​ | 158 | ​ | ​ | 13
Other | ​ |  | 15,833 | ​ |  | (221) | ​ |  | (4,391)
Net cash provided by operating activities | ​ |  | 72,423 | ​ |  | 47,010 | ​ |  | 56,903
Cash flows from investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for acquisitions | ​ | ​ | — | ​ | ​ | (67,128) | ​ | ​ | —
Purchase of non-marketable securities | ​ | ​ | (1,773) | ​ | ​ | (11,471) | ​ | ​ | (23,025)
Net cash used in investing activities | ​ |  | (1,773) | ​ |  | (78,599) | ​ |  | (23,025)
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from issuance of long-term debt | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 40,000
Payments of long-term debt issuance costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (535)
Issuance of stock under purchase and equity compensation plans | ​ |  | (1,534) | ​ |  | (1,481) | ​ |  | (2,267)
Proceeds from exercise of stock options | ​ | ​ | 617 | ​ | ​ | 1,102 | ​ | ​ | 2,489
Payment of dividends | ​ |  | (39,644) | ​ |  | (30,447) | ​ |  | (26,888)
Repurchase of shares | ​ |  | — | ​ |  | — | ​ |  | (36,400)
Net cash used in financing activities | ​ |  | (40,561) | ​ |  | (30,826) | ​ |  | (23,601)
Net increase (decrease) in cash, cash equivalents and restricted cash | ​ |  | 30,089 | ​ |  | (62,415) | ​ |  | 10,277
Cash, cash equivalents and restricted cash at beginning of the year | ​ |  | 49,264 | ​ |  | 111,679 | ​ |  | 101,402
Cash, cash equivalents and restricted cash at end of the year | ​ | $ | 79,353 | ​ | $ | 49,264 | ​ | $ | 111,679
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