CITY HOLDING COMPANY CHCO Income Statement

City holding company (CHCO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest Income
Interest and fees on loans
169,068	170,012	166,370	160,298	151,416	142,055	136,611	131,743	128,566	125,752	123,350	120,790	119,315	118,138	117,043	115,474	114,646	115,107	115,086	116,503	116,312	116,658	119,548	123,239	126,389	126,594	120,281	111,931	103,303	96,432	93,842	92,535	92,744	93,414	94,903	97,568	0	0	0
Interest and dividends on investment securities:
Taxable
23,571	23,389	22,488	20,660	19,045	17,337	16,111	15,561	14,924	14,387	13,867	13,384	12,831	12,392	11,971	11,409	11,123	10,830	10,943	11,186	11,475	11,766	11,720	11,248	10,950	10,697	10,714	11,760	13,071	14,285	15,381	16,582	17,152	17,729	18,712	19,390	0	0	0
Tax-exempt
2,895	2,967	2,985	2,964	2,919	2,843	2,806	2,770	2,746	2,706	2,495	2,249	1,928	1,622	1,475	1,328	1,230	1,137	1,105	1,115	1,125	1,142	1,131	1,148	1,183	1,226	1,276	1,323	1,379	1,442	1,499	1,545	1,622	1,697	1,751	1,820	0	0	0
Interest on deposits in depository institutions
1,450	1,332	1,657	2,326	1,810	1,666	1,077	168	124	85	51	20	3	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	37	52	55	53	47	45	46	48	51	39	0	0	0
Total Interest Income
196,984	197,700	193,500	186,248	175,190	163,901	156,605	150,242	146,360	142,930	139,763	136,443	134,077	132,152	130,489	128,211	126,999	127,074	127,134	128,804	128,912	129,566	132,399	135,635	138,531	138,539	132,308	125,066	117,808	112,212	110,769	110,707	111,564	112,888	115,417	118,817	0	0	0
Interest Expense
Interest on deposits
32,137	32,666	31,425	28,337	24,838	21,397	18,682	16,981	15,723	14,826	14,022	13,232	12,583	12,052	11,675	11,355	11,043	10,886	10,918	10,962	11,000	11,012	11,088	11,426	11,884	12,358	12,604	12,848	13,036	13,477	14,328	15,566	17,751	19,794	22,380	24,661	0	0	0
Interest on short-term borrowings
2,903	3,491	3,790	4,411	4,007	3,415	2,875	1,789	1,517	1,214	882	623	522	472	374	353	352	327	332	349	349	342	339	335	329	325	315	312	310	312	315	326	326	325	325	333	0	0	0
Interest on long-term debt
234	182	340	534	717	880	880	836	795	765	745	722	700	683	662	645	631	617	611	608	606	606	607	609	611	618	627	639	651	661	663	656	649	639	647	651	0	0	0
Total Interest Expense
35,274	36,339	35,555	33,282	29,562	25,692	22,437	19,606	18,035	16,805	15,649	14,577	13,805	13,207	12,711	12,353	12,026	11,830	11,861	11,919	11,955	11,960	12,034	12,370	12,824	13,301	13,546	13,799	13,997	14,450	15,306	16,548	18,726	20,758	23,352	25,645	0	0	0
Net Interest Income
161,710	161,361	157,945	152,966	145,628	138,209	134,168	130,636	128,325	126,125	124,114	121,866	120,272	118,945	117,778	115,858	114,973	115,244	115,273	116,885	116,957	117,606	120,365	123,265	125,707	125,238	118,762	111,267	103,811	97,762	95,463	94,159	92,838	92,130	92,065	93,172	0	0	0
Provision for (recovery of) credit losses
7,571	-1,250	-1,575	-1,876	-3,340	-2,310	-1,488	-68	2,506	3,006	3,886	3,925	4,537	4,395	5,906	4,925	6,639	6,988	4,559	5,980	3,579	4,054	5,615	4,897	6,473	6,848	6,678	6,499	6,163	6,375	6,828	5,853	5,464	4,600	4,219	6,042	0	0	0
Net Interest Income After Provision for (Recovery of) Credit Losses
154,139	162,611	159,520	154,842	148,968	140,519	135,656	130,704	125,819	123,119	120,228	117,941	115,735	114,550	111,872	110,933	108,334	108,256	110,714	110,905	113,378	113,552	114,750	118,368	119,234	118,390	112,084	104,768	97,648	91,387	88,635	88,306	87,374	87,530	87,846	87,130	0	0	0
Non-Interest Income
Gains on sale of investment securities, net
44	69	69	109	88	0	200	200	200	4,476	4,276	6,944	7,789	3,513	3,513	845	2,116	2,130	2,314	2,385	1,087	1,156	1,643	1,572	763	764	92	822	1,645	1,530	2,158	4,556	0	-	0	0	-	0	0
Unrealized (losses) gains recognized on equity securities still held
-1,589	888	-1,272	-674	-295	-90	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncredit impairment losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-1,494	-1,621	-1,071	0	0	0
Net investment securities impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,767	4,877	4,265	0	0	0
Net investment securities impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,273	3,256	3,194	0	0	0
Net investment securities gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	954	1,227	3,897	0	-	0	0	-	0	0
Insurance commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,978	6,009	5,978	6,017	5,832	5,852	5,926	5,915	6,071	6,215	6,164	6,321	5,946	5,859	5,715	0	0	0
Bank owned life insurance
4,426	3,766	3,644	3,695	3,285	3,090	3,597	3,558	3,804	4,212	3,923	3,995	3,795	3,326	3,272	3,355	3,370	3,374	3,254	3,096	3,078	3,070	3,267	3,301	3,335	3,391	3,172	3,105	3,072	2,983	2,955	3,169	3,148	3,183	3,559	3,420	0	0	0
Sale of VISA shares
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of insurance division
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,084	11,084	11,084	11,084	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
4,722	4,000	3,875	3,812	3,149	2,962	2,881	2,839	2,837	2,956	2,986	3,172	3,120	3,195	3,323	3,276	3,147	3,284	3,083	2,822	2,657	2,258	2,187	2,383	2,609	2,916	3,273	3,210	2,993	2,660	2,364	2,073	2,090	2,033	1,870	1,927	0	0	0
Total Non-Interest Income
85,912	68,490	65,156	64,211	61,997	60,564	61,424	60,282	59,592	63,607	62,409	64,545	64,205	58,825	58,529	55,488	56,312	67,206	67,801	68,704	68,438	58,722	59,001	58,872	57,985	58,006	57,328	56,927	56,465	55,257	53,117	52,569	55,316	54,860	54,373	54,120	0	0	0
Non-Interest Expense
Salaries and employee benefits
62,746	62,138	60,237	58,603	56,387	54,385	53,117	52,121	51,350	51,057	50,735	51,148	51,158	50,883	49,752	48,938	48,341	47,847	49,040	50,005	50,789	51,749	52,171	51,957	51,620	51,430	49,820	48,185	46,213	43,509	42,528	41,535	41,050	40,717	40,214	39,657	0	0	0
Occupancy related expense
10,351	10,595	10,305	9,903	9,651	9,323	9,269	9,372	9,488	9,557	9,177	9,510	9,756	10,119	10,365	10,181	10,002	9,756	10,143	10,099	9,965	9,990	10,070	9,948	10,053	9,910	9,528	9,245	8,723	8,186	7,968	7,899	7,842	8,013	8,001	7,818	0	0	0
Equipment and software related expense
9,202	8,964	8,700	8,417	8,089	7,729	7,589	7,564	7,673	7,732	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,258	6,195	6,144	-	6,083	6,103	6,120	6,087	6,021	5,916	5,836	5,757	5,524	5,262	4,918	4,605	4,471	4,427	4,458	4,508	4,552	4,595	0	0	0
FDIC insurance expense
347	638	946	1,261	1,227	1,251	1,260	1,273	1,288	1,348	1,168	1,348	1,532	1,622	1,928	1,876	1,809	1,794	1,799	1,775	1,687	1,647	1,699	1,767	1,751	1,852	1,758	1,663	1,716	1,590	1,484	1,471	2,009	2,576	3,239	3,765	0	0	0
Advertising
3,318	3,344	3,180	3,127	3,056	2,974	3,155	3,036	2,968	2,914	2,648	2,626	2,623	2,606	2,425	2,535	2,458	2,446	2,908	2,930	3,154	3,274	2,955	2,868	2,762	2,673	2,862	2,824	2,680	2,589	2,146	2,018	1,971	2,007	2,745	3,440	0	0	0
Bankcard expenses
5,808	5,555	5,499	5,079	4,609	4,503	4,234	4,151	4,057	3,924	4,280	4,417	4,463	4,458	4,809	4,406	4,187	4,119	3,686	3,778	3,814	3,750	3,367	3,170	3,103	3,024	2,801	2,841	2,769	2,662	2,599	2,438	2,377	2,258	2,174	2,063	0	0	0
Postage, delivery, and statement mailings
2,408	2,416	2,355	2,233	2,203	2,157	2,148	2,128	2,117	2,094	2,068	2,068	2,070	2,080	2,120	2,126	2,127	2,123	2,140	2,174	2,197	2,211	2,184	2,168	2,190	2,220	2,212	2,200	2,136	2,079	2,049	2,071	2,093	2,099	2,214	2,278	0	0	0
Office supplies
1,567	1,559	1,480	1,462	1,392	1,319	1,360	1,373	1,389	1,437	1,403	1,351	1,372	1,364	1,317	1,376	1,357	1,350	1,437	1,458	1,531	1,595	1,643	1,654	1,697	1,728	1,731	1,722	1,655	1,669	1,686	1,771	1,827	1,911	1,980	1,972	0	0	0
Legal and professional fees
2,451	2,371	2,134	2,048	1,918	1,847	1,941	1,992	1,957	1,956	1,603	1,968	1,965	1,882	1,477	1,228	1,333	1,534	2,086	1,942	2,012	1,854	2,964	3,079	3,002	3,028	1,868	1,888	1,774	1,786	1,845	1,801	4,891	4,913	4,961	4,792	0	0	0
Telecommunications
2,240	2,455	2,293	2,132	1,976	1,750	1,867	1,953	2,004	1,988	1,965	1,930	1,869	1,813	1,727	1,686	1,718	1,765	1,878	1,970	2,013	1,876	1,935	2,146	2,105	2,212	2,036	1,748	1,670	1,614	1,597	1,535	1,565	1,605	1,630	1,699	0	0	0
Gains (Losses) on Sales of Other Real Estate
652	634	615	400	259	845	471	734	769	735	834	1,032	938	890	863	1,050	1,332	1,264	1,074	613	420	579	1,448	0	0	-	0	-	1,070	1,346	1,172	852	195	272	534	503	0	0	0
Merger related costs
547	797	13,812	14,054	13,507	13,257	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	5,526	5,612	9,804	0	-	0	0	-	-	-	-	-	-	-
Proceeds from Sale of Foreclosed Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Other expenses
16,070	16,148	15,200	14,250	12,834	11,726	10,822	11,359	11,258	11,239	11,332	11,145	11,344	11,236	10,995	12,357	11,999	11,746	12,264	10,814	11,128	10,429	11,325	11,286	11,594	12,900	12,336	12,239	11,717	11,058	11,063	10,789	10,520	10,262	10,018	9,957	0	0	0
Total Non-Interest Expense
117,671	117,614	126,758	123,401	117,540	113,066	97,787	97,056	96,318	95,981	95,539	96,514	96,624	96,164	94,872	94,965	93,926	92,951	94,821	93,769	94,830	95,041	96,885	97,225	96,879	102,906	99,304	96,485	97,289	87,401	84,807	82,649	80,798	81,141	82,262	82,539	0	0	0
Income Before Income Taxes
122,380	113,487	97,918	95,652	93,425	88,017	99,293	93,930	89,093	90,745	87,098	85,972	83,316	77,211	75,529	71,456	70,720	82,511	83,694	85,840	86,986	77,233	76,866	80,015	80,340	73,490	70,108	65,210	56,824	59,243	56,945	58,226	61,892	61,249	59,957	58,711	0	0	0
Income tax expense
25,647	24,135	20,462	19,875	19,420	18,015	30,342	31,739	33,193	36,435	27,799	27,373	26,864	25,083	24,539	23,091	22,913	28,414	28,582	29,463	29,835	24,271	25,187	26,233	26,309	25,275	24,246	22,716	19,923	20,298	19,237	19,548	20,797	20,571	19,913	19,529	0	0	0
Net Income Available to Common Shareholders
96,733	89,352	77,456	75,777	74,005	70,002	68,951	62,191	55,900	54,310	59,299	58,599	56,452	52,128	50,990	48,365	47,807	54,097	55,112	56,377	57,151	52,962	51,679	53,782	54,031	48,215	45,862	42,494	36,901	38,945	37,708	38,678	41,095	40,678	40,044	39,182	0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
-	-	0	0	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	40,043	38,038	41,262	39,268	0	0	0	-	-
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Average common shares outstanding, basic (in shares)
16,080	16,206	16,271	16,368	16,411	15,604	15,340	15,326	15,414	15,449	15,485	15,462	15,252	14,896	14,899	14,889	14,916	15,143	15,178	15,104	15,067	15,062	15,363	15,556	15,631	15,593	15,608	15,582	15,473	29,410	14,751	14,680	14	29,704	15	15,120	15,380	15,496	15,656
Effect of dilutive securities (in shares)
21	22	18	18	18	13	18	19	22	26	20	25	25	17	11	13	11	67	20	23	82	-57	82	150	165	-	182	-	-	-	-	-	-	-	-	-	-	-	-
Effect of dilutive securities:
Employee stock awards and warrants outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	170	154	-	83	79	0	144	0	73	82	-	-
Average common shares outstanding, diluted (in shares)
16,101	16,228	16,289	16,386	16,429	15,617	15,358	15,345	15,436	15,475	15,505	15,487	15,277	14,913	14,910	14,902	14,927	15,210	15,198	15,127	15,149	15,005	15,445	15,706	15,796	15,663	15,790	15,752	15,627	29,576	14,834	14,759	14	29,849	15	15,193	15,462	15,552	15,721
Earnings Per Share [Abstract]
Basic earnings per common share (in dollars per share)
1.79	1.38	1.36	1.38	1.31	0.67	1.34	1.36	1.13	0.62	0.89	0.94	1.04	0.97	0.88	0.83	0.78	0.89	0.69	0.78	1.18	0.96	0.76	0.81	0.87	0.84	0.89	0.83	0.51	0.74	0.71	0.50	0.68	0.64	0.77	0.65	0.62	0.58	0.68
Diluted earnings per common share (in dollars per share)
1.78	1.38	1.36	1.38	1.30	0.68	1.33	1.35	1.13	0.61	0.89	0.94	1.04	0.96	0.88	0.83	0.78	0.89	0.69	0.78	1.17	0.96	0.76	0.80	0.86	0.83	0.88	0.82	0.51	0.73	0.71	0.50	0.67	0.65	0.76	0.64	0.62	0.58	0.68
Dividends declared per common share (in dollars per share)
-	-	-	0.53	-	-	-	0.46	0.46	-	0.44	0.44	0.44	0.43	0.43	0.43	0.43	0.42	0.42	0.42	0.42	0.40	0.40	0.40	0.40	0.37	0.37	0.37	0.37	0.35	0.35	0.35	0.35	0.35	0.34	0.34	0.34	0.34	0.34
Service charges
Revenue from contract with customer
31,917	31,515	31,203	30,618	30,163	29,704	29,138	28,955	28,706	28,574	28,213	27,640	27,130	26,703	26,602	26,667	26,692	26,316	26,173	26,200	26,350	26,583	26,828	27,063	27,221	27,596	27,714	27,296	26,896	26,409	17,506	20,595	23,953	26,959	38,451	39,059	0	0	0
Bankcard revenue
Revenue from contract with customer
21,239	21,093	20,757	19,994	19,004	18,369	17,860	17,474	17,314	17,120	16,945	16,870	16,688	16,515	16,296	15,975	15,787	15,894	15,715	15,616	15,452	15,063	14,723	14,395	14,007	13,521	13,219	12,861	12,563	12,406	0	0	0	-	-	-	-	-	-
Trust and investment management fee income
Revenue from contract with customer
7,316	7,159	6,880	6,657	6,603	6,529	6,592	6,484	6,451	6,269	6,066	5,924	5,683	5,573	5,523	5,370	5,200	5,124	4,940	4,867	4,777	4,614	4,344	4,180	4,033	3,986	4,006	3,979	3,957	3,774	3,585	3,372	3,160	3,106	2,800	2,668	0	0	0