CITY HOLDING COMPANY
Q2 2023 Form 13-F

Description and Activity

City Holding Company, based in Charleston, West Virginia, operates primarily through its subsidiary, City National Bank of West Virginia. The bank offers a comprehensive range of banking, trust, and investment management services through 98 branches located in West Virginia, Kentucky, Virginia, and southeastern Ohio. The company employs around 957 full-time equivalent associates.

City Holding Company’s core business segments include commercial banking, consumer banking, mortgage banking, and wealth management and trust services. The commercial banking segment provides loans for commercial projects, commercial real estate, and cash management services, with a commercial and industrial loan portfolio of $427 million and commercial real estate loans totaling $1.67 billion as of December 31, 2023. The consumer banking segment offers personal banking services such as checking and savings accounts, loans, and credit cards, with a residential real estate loan portfolio of $1.79 billion and home equity loans at $167.2 million. The mortgage banking segment focuses on the origination and servicing of various mortgage products. The wealth management and trust services segment includes investment management, trust administration, and financial planning services.

City Holding Company generates revenue primarily through interest income from its diversified loan portfolio and fee-based income from banking and wealth management services. Its primary customers include individual consumers, small and medium-sized businesses, and corporate clients. The company’s operational structure includes its main subsidiary, City National Bank of West Virginia, and its recent acquisition of Citizens Commerce Bancshares, Inc. Key factors impacting the company’s business performance include loan portfolio diversification, market share in its operating regions, and interest rate fluctuations.