CITY HOLDING COMPANY CHCO Income Statement

City holding company (CHCO)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest Income
Interest and fees on loans
170,012	142,055	125,752	118,138	115,107	116,658	126,594	96,432	93,414	99,456	107,142
Interest and dividends on investment securities:
Taxable
23,389	17,337	14,387	12,392	10,830	11,766	10,697	14,285	17,729	20,594	23,200
Tax-exempt
2,967	2,843	2,706	1,622	1,137	1,142	1,226	1,442	1,697	1,837	1,683
Interest on deposits in depository institutions
1,332	1,666	85	0	0	-	-	-	-	-	11
Interest on federal funds sold
-	-	-	-	-	-	22	53	48	29	-
Total Interest Income
197,700	163,901	142,930	132,152	127,074	129,566	138,539	112,212	112,888	121,916	132,036
Interest Expense
Interest on deposits
32,666	21,397	14,826	12,052	10,886	11,012	12,358	13,477	19,794	26,608	35,230
Interest on short-term borrowings
3,491	3,415	1,214	472	327	342	325	312	325	362	529
Interest on long-term debt
182	880	765	683	617	606	618	661	639	658	844
Total Interest Expense
36,339	25,692	16,805	13,207	11,830	11,960	13,301	14,450	20,758	27,628	36,603
Net Interest Income
161,361	138,209	126,125	118,945	115,244	117,606	125,238	97,762	92,130	94,288	95,433
Provision for (recovery of) credit losses
-1,250	-2,310	3,006	4,395	6,988	4,054	6,848	6,375	4,600	7,093	6,994
Net Interest Income After Provision for (Recovery of) Credit Losses
162,611	140,519	123,119	114,550	108,256	113,552	118,390	91,387	87,530	87,195	88,439
Non-Interest Income
Gains on sale of investment securities, net
69	0	4,476	3,513	2,130	1,156	764	1,530	3,756	1,397	-826
Unrealized (losses) gains recognized on equity securities still held
888	-90	0	-	-	-	-	-	-	-	-
Revenue from contract with customer
63,767	57,453	-	-	-	-	-	-	-	-	-
Total investment securities impairment losses
-	-	-	-	-	-	-	878	-	-	-
Noncredit impairment losses recognized in other comprehensive income
-	-	-	-	-	-	-	-302	-1,494	-3,336	-5,762
Net investment securities impairment losses
-	-	-	-	-	-	-	576	2,767	9,400	11,100
Net investment securities impairment losses
-	-	-	-	-	-	-	-	1,273	6,064	5,338
Net investment securities gains
-	-	-	-	-	-	-	954	2,483	-4,667	-6,164
Insurance commissions
-	-	-	-	-	5,978	5,832	6,071	5,946	5,490	5,576
Bank owned life insurance
3,766	3,090	4,212	3,326	3,374	3,070	3,391	2,983	3,183	3,396	3,271
Gain on sale of insurance division
-	-	-	-	11,084	0	0	-	-	-	-
Other income
4,000	2,962	2,956	3,195	3,284	2,258	2,916	2,660	2,033	1,951	1,944
Total Non-Interest Income
68,490	60,564	63,607	58,825	67,206	58,722	58,006	55,257	54,860	48,939	51,983
Non-Interest Expense
Salaries and employee benefits
62,138	54,385	51,057	50,883	47,847	51,749	51,430	43,509	40,717	38,241	37,526
Occupancy related expense
10,595	9,323	9,557	10,119	9,756	9,990	9,910	8,186	8,013	7,697	7,689
Equipment and software related expense
8,964	7,729	7,732	7,211	6,609	-	-	-	-	-	-
Depreciation
-	-	-	-	-	6,087	5,757	4,605	4,508	4,675	4,746
FDIC insurance expense
638	1,251	1,348	1,622	1,794	1,647	1,852	1,590	2,576	3,733	2,227
Advertising
3,344	2,974	2,914	2,606	2,446	3,274	2,673	2,589	2,007	3,692	3,503
Bankcard expenses
5,555	4,503	3,924	4,458	4,119	3,750	3,024	2,662	2,258	1,953	2,599
Postage, delivery, and statement mailings
2,416	2,157	2,094	2,080	2,123	2,211	2,220	2,079	2,099	2,371	2,600
Office supplies
1,559	1,319	1,437	1,364	1,350	1,595	1,728	1,669	1,911	1,931	2,005
Legal and professional fees
2,371	1,847	1,956	1,882	1,534	1,854	3,028	1,786	4,913	1,677	1,505
Telecommunications
2,455	1,750	1,988	1,813	1,765	1,876	2,212	1,614	1,605	1,732	1,865
Gains (Losses) on Sales of Other Real Estate
634	845	735	890	1,264	579	646	1,346	272	1,453	672
Merger related costs
797	13,257	0	0	598	0	5,526	4,708	0	-	-
Other expenses
16,148	11,726	11,239	11,236	11,746	10,429	12,900	11,058	10,262	9,566	10,307
Total Non-Interest Expense
117,614	113,066	95,981	96,164	92,951	95,041	102,906	87,401	81,141	78,721	77,244
Income Before Income Taxes
113,487	88,017	90,745	77,211	82,511	77,233	73,490	59,243	61,249	57,413	63,178
Income tax expense
24,135	18,015	36,435	25,083	28,414	24,271	25,275	20,298	20,571	18,453	20,533
Net Income Available to Common Shareholders
89,352	70,002	54,310	52,128	54,097	52,962	48,215	38,945	40,678	38,960	42,645
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	39,268	39,017	-
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Average common shares outstanding, basic (in shares)
16,314	15,421	15,412	14,900	15,123	15,403	15,564	14,714	15,055	15,589	15,877
Effect of dilutive securities (in shares)
19	18	24	13	48	85	144	82	-	-	-
Effect of dilutive securities:
Employee stock awards and warrants outstanding (in shares)
-	-	-	-	-	-	-	-	75	62	55
Average common shares outstanding, diluted (in shares)
16,333	15,439	15,436	14,913	15,171	15,488	15,708	14,796	15,130	15,651	15,932
Earnings Per Share [Abstract]
Basic earnings per common share (in dollars per share)
5.43	4.50	3.49	3.46	3.54	3.40	3.07	2.63	2.68	2.48	2.69
Diluted earnings per common share (in dollars per share)
5.42	4.49	3.48	3.45	3.53	3.38	3.04	2.61	2.67	2.47	2.68
Dividends declared per common share (in dollars per share)
-	-	-	1.72	1.68	1.60	1.48	1.40	1.37	1.36	1.36
Service charges
Revenue from contract with customer
31,515	29,704	28,574	26,703	26,316	26,583	27,596	26,409	26,959	30,104	45,013
Bankcard revenue
Revenue from contract with customer
21,093	18,369	17,120	16,515	15,894	15,063	13,521	12,406	11,150	9,898	-
Trust and investment management fee income
Revenue from contract with customer
7,159	6,529	6,269	5,573	5,124	4,614	3,986	3,774	3,106	2,767	2,343