chco-20250424
0000726854false00007268542025-04-242025-04-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549

FORM 8-K/A
(Amendment No. 1)

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): April 24, 2025

a92019chcodivimage1a02.jpg
CITY HOLDING COMPANY
(Exact Name of Registrant as Specified in its Charter)

Commission File Number: 0-11733

55-0619957
West Virginia(I.R.S. Employer
Incorporation or Organization)Identification No.)
 
25 Gatewater Road, Cross Lanes, West Virginia 25313
(Address of Principal Executive Offices, Including Zip Code)
 
304-769-1100
(Registrant’s Telephone Number, Including Area Code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
symbol(s)		Name of each exchange on which registered
Common Stock $2.50 Par ValueCHCONASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
-1-

Explanatory Note

This Amendment No. 1 to the Current Report on Form 8-K amends Item 2.02 of the Current Report on Form 8-K filed on April 23, 2025 (the “Original Form 8-K”) solely to correct typographical errors in the “Liabilities” portion of the (Unaudited) March 31, 2025 Column of the Consolidated Balance Sheets and to replace the March 31, 2025 Column of the Loan Portfolio Table of the Exhibit included in the press release furnished as Exhibit 99.1 thereto (the “Exhibit”). As previously furnished, the noninterest-bearing portion of the “Liabilities” for March 31, 2025 was incorrect, which made the amount of “Total Deposits” incorrect as well. Additionally, the March 31, 2025 column of the “Loan Portfolio” table had been subsequently amended, and those amendments were not included in the Original Form 8-K, but have been corrected in this Amendment No. 1. The correct versions of these numbers were presented to investors, and only the versions previously furnished in the Original Form 8-K needed to be updated. No other changes have been made to the Original Form 8-K.

Section 2 - Financial Information

Item 2.02 Results of Operations and Financial Condition.

The Exhibit 99.1 attached hereto is a replacement of the “Liabilities” portion of the (Unaudited) March 31, 2025 Column of the Consolidated Balance Sheets and a replacement of the March 31, 2025 Column of the Loan Portfolio Table of the Exhibit furnished in the Original Form 8-K. The foregoing information is furnished pursuant to Item 2.02 and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
Updated March 31, 2025 Column of the Consolidated Balance Sheets and Updated March 31, 2025 Column of the Loan Portfolio Table


Signatures

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.

Dated: April 24, 2025City Holding Company
By:/s/ David L. Bumgarner
David L. Bumgarner
Executive Vice President & Chief Financial Officer

-2-

CITY HOLDING COMPANY AND SUBSIDIARIES
Consolidated Balance Sheets
($ in 000s)
(Unaudited)(Unaudited)(Unaudited)(Unaudited)
March 31,December 31,September 30,June 30,March 31,
20252024202420242024
Assets
Cash and due from banks$135,029 $117,580 $161,333 $141,168 $121,853 
Interest-bearing deposits in depository institutions249,676 107,809 132,616 76,818 196,829 
Cash and cash equivalents384,705 225,389 293,949 217,986 318,682 
Investment securities available-for-sale, at fair value1,416,808 1,421,306 1,462,795 1,456,685 1,347,657 
Other securities29,809 29,803 30,859 31,237 30,681 
Total investment securities1,446,617 1,451,109 1,493,654 1,487,922 1,378,338 
Gross loans4,285,824 4,274,776 4,157,830 4,112,873 4,091,788 
Allowance for credit losses(21,669)(21,922)(21,832)(22,688)(22,310)
Net loans4,264,155 4,252,854 4,135,998 4,090,185 4,069,478 
Bank owned life insurance121,738 120,887 120,061 119,650 118,875 
Premises and equipment, net69,696 70,539 70,651 71,041 71,623 
Accrued interest receivable21,603 20,650 21,785 21,826 21,759 
Net deferred tax assets35,184 41,704 33,497 43,602 43,969 
Intangible assets159,501 160,044 160,640 161,236 161,832 
Other assets119,757 116,283 104,079 127,947 129,627 
Total Assets$6,622,956 $6,459,459 $6,434,314 $6,341,395 $6,314,183 
Liabilities
Deposits:
Noninterest-bearing$1,365,870 $1,344,449 $1,339,538 $1,354,660 $1,359,072 
Interest-bearing:
Demand deposits1,355,806 1,335,220 1,351,239 1,333,169 1,330,268 
Savings deposits1,260,903 1,215,358 1,208,828 1,233,834 1,266,211 
Time deposits1,275,890 1,249,123 1,203,046 1,145,617 1,100,250 
Total deposits5,258,469 5,144,150 5,102,651 5,067,280 5,055,801 
Customer repurchase agreements347,729 325,655 339,153 322,668 304,941 
FHLB long-term advances150,000 150,000 150,000 150,000 150,000 
Other liabilities110,422 108,990 101,211 114,707 121,210 
Total Liabilities$5,866,620 $5,728,795 $5,693,015 $5,654,655 $5,631,952 


Stockholders' Equity
Preferred stock— — — — — 
Common stock47,619 47,619 47,619 47,619 47,619 
Capital surplus174,300 176,506 175,602 174,834 175,747 
Retained earnings871,406 852,757 835,778 817,549 799,024 
Treasury stock(237,038)(230,499)(230,836)(230,944)(218,555)
Accumulated other comprehensive loss:
Unrealized loss on securities available-for-sale(98,509)(114,277)(84,283)(119,737)(119,023)
Underfunded pension liability(1,442)(1,442)(2,581)(2,581)(2,581)
Total Accumulated Other Comprehensive Loss(99,951)(115,719)(86,864)(122,318)(121,604)
Total Stockholders' Equity756,336 730,664 741,299 686,740 682,231 
Total Liabilities and Stockholders' Equity$6,622,956 $6,459,459 $6,434,314 $6,341,395 $6,314,183 
Regulatory Capital
Total CET 1 capital$698,721 $688,707 $669,862 $650,108 $644,235 
Total tier 1 capital698,721 688,707 669,862 650,108 644,235 
Total risk-based capital720,400 709,820 690,857 671,959 665,707 
Total risk-weighted assets4,150,062 4,171,271 4,024,686 4,037,614 3,989,171 




CITY HOLDING COMPANY AND SUBSIDIARIES
Loan Portfolio
(Unaudited) ($ in 000s)
March 31,December 31,September 30,June 30,March 31,
20252024202420242024
Commercial and industrial$423,265 $419,838 $424,414 $408,312 $407,770 
1-4 Family195,641 197,258 194,670 195,992 202,378 
Hotels372,758 389,660 383,232 370,954 354,929 
Multi-family215,546 240,943 193,875 190,390 186,555 
Non Residential Non-Owner Occupied742,323 707,265 665,210 668,330 682,609 
Non Residential Owner Occupied232,732 233,497 236,826 235,993 232,440 
Commercial real estate (1)
1,759,000 1,768,623 1,673,813 1,661,659 1,658,911 
Residential real estate (2)
1,841,851 1,823,610 1,806,578 1,797,260 1,786,764 
Home equity203,253 199,192 190,149 179,607 171,292 
Consumer54,670 57,816 58,710 62,352 63,556 
DDA overdrafts3,785 5,697 4,166 3,683 3,495 
Gross Loans$4,285,824 $4,274,776 $4,157,830 $4,112,873 $4,091,788 
Construction loans included in:
(1) - Commercial real estate loans$25,683 $24,681 $2,736 $2,233 $6,651 
(2) - Residential real estate loans5,276 7,547 7,604 9,766 19,709