Cover
Cover - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2023 | Feb. 26, 2024 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Entity Interactive Data Current | Yes | ||
Title of 12(b) Security | Common Stock, $2.50 par value | ||
Entity Address, State or Province | WV | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2023 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Entity Registrant Name | CITY HOLDING COMPANY | ||
Entity Central Index Key | 0000726854 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Common Stock, Shares Outstanding | 14,816,776 | ||
Trading Symbol | CHCO | ||
Entity Public Float | $ 1.3 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Incorporation, State or Country Code | WV | ||
Entity Tax Identification Number | 55-0619957 | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity File Number | 0-11733 | ||
Entity Address, Address Line One | 25 Gatewater Road | ||
Entity Address, City or Town | Charleston | ||
Entity Address, Postal Zip Code | 25313 | ||
City Area Code | 304 | ||
Local Phone Number | 769-1100 | ||
Security Exchange Name | NASDAQ | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Document Financial Statement Error Correction [Flag] | false |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2023 | |
Audit Information [Abstract] | |
Auditor Firm ID | 173 |
Auditor Name | Crowe LLP |
Auditor Location | Washington, D.C. |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Assets | ||
Cash and due from banks | $ 123,033 | $ 70,257 |
Interest-bearing deposits in depository institutions | 33,243 | 129,743 |
Cash and Cash Equivalents | 156,276 | 200,000 |
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | 1,338,137 | 1,505,520 |
Other securities | 30,966 | 23,807 |
Total Investment Securities | 1,369,103 | 1,529,327 |
Gross loans | 4,125,923 | 3,646,258 |
Allowance for credit losses | (22,745) | (17,108) |
Net Loans | 4,103,178 | 3,629,150 |
Bank owned life insurance | 118,122 | 120,674 |
Premises and equipment, net | 72,146 | 70,786 |
Accrued interest receivable | 20,290 | 18,287 |
Deferred tax assets, net | 42,216 | 44,884 |
Goodwill and other intangible assets, net | 162,568 | 115,735 |
Other assets | 124,153 | 149,263 |
Total Assets | 6,168,052 | 5,878,106 |
Deposits: | ||
Noninterest-bearing | 1,342,804 | 1,351,415 |
Interest-bearing: | ||
Demand deposits | 1,291,011 | 1,233,482 |
Savings deposits | 1,259,457 | 1,396,869 |
Time deposits | 1,040,990 | 888,100 |
Total Deposits | 4,934,262 | 4,869,866 |
Short-term borrowings: | ||
FHLB short-term advances | 25,000 | 0 |
Securities sold under agreements to repurchase | 309,856 | 290,964 |
FHLB long-term advances | 100,000 | 0 |
Other liabilities | 121,868 | 139,424 |
Total Liabilities | 5,490,986 | 5,300,254 |
Shareholders’ Equity | ||
Preferred stock, par value $25 per share: 500,000 shares authorized; 0 issued | 0 | 0 |
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 19,047,548 shares issued at December 31, 2023 and 2022, less 4,215,731 and 4,259,399 shares in treasury, respectively | 47,619 | 47,619 |
Capital surplus | 177,424 | 170,980 |
Retained earnings | 780,299 | 706,696 |
Treasury stock | (217,737) | (215,955) |
Accumulated other comprehensive loss: | ||
Unrealized loss on securities available-for-sale | (107,958) | (128,066) |
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | 2,581 | 3,422 |
Total Accumulated Other Comprehensive (Loss) Income | (110,539) | (131,488) |
Total Shareholders’ Equity | 677,066 | 577,852 |
Total Liabilities and Shareholders’ Equity | $ 6,168,052 | $ 5,878,106 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 1,479,545,000 | $ 1,673,864,000 |
Debt Securities, Available-for-Sale, Allowance for Credit Loss | $ 0 | $ 0 |
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | ||
Preferred stock, par value | $ 25 | $ 25 |
Preferred stock, shares authorized | 500,000 | 500,000 |
Preferred stock, shares issued | 0 | 0 |
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | ||
Common stock, par value | $ 2.50 | $ 2.50 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 19,047,548 | 19,047,548 |
Common stock, treasury shares | 4,215,731 | 4,259,399 |
Consolidated Statements Of Inco
Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Interest Income | |||
Interest and fees on loans | $ 212,693 | $ 146,538 | $ 136,676 |
Interest on investment securities: | |||
Taxable | 48,335 | 34,445 | 23,071 |
Tax-exempt | 3,854 | 4,911 | 5,027 |
Interest on deposits in depository institutions | 6,382 | 3,794 | 693 |
Total Interest Income | 271,264 | 189,688 | 165,467 |
Interest Expense | |||
Interest on deposits | 37,287 | 7,444 | 9,405 |
Interest on short-term borrowings | 12,027 | 2,211 | 489 |
Interest on FHLB long-term advances | 2,709 | 0 | 0 |
Total Interest Expense | 52,023 | 9,655 | 9,894 |
Net Interest Income | 219,241 | 180,033 | 155,573 |
Provision for (recovery of) credit losses | 3,243 | 474 | (3,165) |
Net Interest Income After Provision for (Recovery of) Credit Losses | 215,998 | 179,559 | 158,738 |
Non-Interest Income | |||
Net (losses) gains on sale of investment securities | (4,908) | 4 | 312 |
Unrealized (losses) gains recognized on equity securities still held | 432 | (1,585) | 504 |
Revenue | 69,068 | 68,099 | 64,930 |
Bank owned life insurance | 6,037 | 5,559 | 3,895 |
Total Non-Interest Income | 70,629 | 72,077 | 69,641 |
Non-Interest Expense | |||
Salaries and employee benefits | 73,163 | 66,536 | 61,850 |
Occupancy related expenses | 11,318 | 10,718 | 10,083 |
Equipment and software related expenses | 11,629 | 11,791 | 10,486 |
FDIC insurance expense | 2,922 | 1,673 | 1,583 |
Advertising | 3,112 | 3,405 | 3,091 |
Bankcard expenses | 7,447 | 6,032 | 6,455 |
Postage, delivery, and statement mailings | 2,526 | 2,362 | 2,323 |
Office supplies | 1,945 | 1,744 | 1,547 |
Legal and professional fees | 2,035 | 2,194 | 2,279 |
Telecommunications | 2,411 | 2,616 | 2,858 |
Repossessed asset losses (gains), net of expenses | 28 | 59 | (57) |
Merger related costs | 5,150 | 268 | 0 |
Other expenses | 19,835 | 14,904 | 14,687 |
Total Non-Interest Expense | 143,521 | 124,302 | 117,185 |
Income Before Income Taxes | 143,106 | 127,334 | 111,194 |
Income tax expense | 28,741 | 25,263 | 23,114 |
Net Income Available to Common Shareholders | $ 114,365 | $ 102,071 | $ 88,080 |
Average shares outstanding, basic | 14,868 | 14,847 | 15,381 |
Effect of dilutive securities | 23 | 26 | 26 |
Average shares outstanding, diluted | 14,891 | 14,873 | 15,407 |
Basic earnings per common share | $ 7.62 | $ 6.81 | $ 5.67 |
Diluted earnings per common share | $ 7.61 | $ 6.80 | $ 5.66 |
Service charges | |||
Non-Interest Income | |||
Revenue | $ 27,751 | $ 28,335 | $ 25,539 |
Bankcard revenue | |||
Non-Interest Income | |||
Revenue | 27,960 | 27,349 | 26,987 |
Trust and investment management fee income | |||
Non-Interest Income | |||
Revenue | 9,563 | 8,798 | 8,415 |
Other income | |||
Non-Interest Income | |||
Revenue | $ 3,794 | $ 3,617 | $ 3,989 |
Consolidated Statements Of Comp
Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement of Comprehensive Income [Abstract] | |||
Net Income Available to Common Shareholders | $ 114,365 | $ 102,071 | $ 88,080 |
Available-for-Sale Securities | |||
Unrealized gain (loss) on available-for-sale securities arising during period | 21,442 | (192,359) | (24,857) |
Reclassification adjustment for net losses (gains) | 4,908 | (4) | (312) |
Other comprehensive income (loss) related to available-for-sale securities | 26,350 | (192,363) | (25,169) |
Defined Benefit Pension Plan | |||
Net gain (loss) arising during period | 777 | (697) | 1,726 |
Reclassification adjustment for amortization of actuarial net gains in net periodic pension cost | 344 | 780 | 1,122 |
Change in underfunded pension liability | 1,121 | 83 | 2,848 |
Other comprehensive income (loss) before income taxes | 27,471 | (192,280) | (22,321) |
Tax effect | (6,522) | 46,532 | 5,348 |
Other comprehensive income (loss), net of tax | 20,949 | (145,748) | (16,973) |
Comprehensive income (loss), net of tax | $ 135,314 | $ (43,677) | $ 71,107 |
Consolidated Statements Of Chan
Consolidated Statements Of Changes In Shareholders' Equity - USD ($) $ in Thousands | Total | Cumulative Effect, Period of Adoption, Adjustment | Cumulative Effect, Period of Adoption, Adjusted Balance | Common Stock | Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance | Capital Surplus | Capital Surplus Cumulative Effect, Period of Adoption, Adjusted Balance | Retained Earnings | Retained Earnings Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance | Treasury Stock | Treasury Stock Cumulative Effect, Period of Adoption, Adjusted Balance | Accumulated Other Comprehensive (Loss) Income | Accumulated Other Comprehensive (Loss) Income Cumulative Effect, Period of Adoption, Adjusted Balance |
Beginning balance at Dec. 31, 2020 | $ 701,106 | $ 47,619 | $ 171,304 | $ 589,988 | $ (139,038) | $ 31,233 | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Net income | $ 88,080 | $ 0 | $ 0 | $ 88,080 | $ 0 | $ 0 | ||||||||
Other comprehensive loss, net of tax | (16,973) | 0 | 0 | 0 | 0 | (16,973) | ||||||||
Cash dividends declared | (36,242) | 0 | 0 | (36,242) | 0 | 0 | ||||||||
Stock-based compensation expense, net | 3,121 | 3,121 | ||||||||||||
Restricted awards granted | $ 0 | 0 | (1,860) | 0 | 1,860 | 0 | ||||||||
Exercise of stock options | 15,000 | |||||||||||||
Exercise of stock options | $ 691 | 0 | (1,623) | 0 | 2,314 | 0 | ||||||||
Purchase of treasury shares | (58,678) | (58,678) | ||||||||||||
Ending balance at Dec. 31, 2021 | 681,105 | 47,619 | 170,942 | 641,826 | (193,542) | 14,260 | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | 0 | 0 | 0 | 0 | ||||||||||
Treasury Stock, Value, Acquired, Cost Method | 0 | 0 | 0 | |||||||||||
Net income | 102,071 | 0 | 0 | 102,071 | 0 | 0 | ||||||||
Other comprehensive loss, net of tax | (145,748) | 0 | 0 | 0 | 0 | (145,748) | ||||||||
Cash dividends declared | (37,201) | 0 | 0 | (37,201) | 0 | 0 | ||||||||
Stock-based compensation expense, net | 3,276 | 3,276 | ||||||||||||
Restricted awards granted | $ 0 | 0 | (2,821) | 0 | 2,821 | 0 | ||||||||
Exercise of stock options | 15,000 | |||||||||||||
Exercise of stock options | $ 798 | 0 | (417) | 0 | 1,215 | 0 | ||||||||
Purchase of treasury shares | (26,449) | (26,449) | ||||||||||||
Ending balance at Dec. 31, 2022 | 577,852 | 47,619 | 170,980 | 706,696 | (215,955) | (131,488) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | 0 | 0 | 0 | 0 | ||||||||||
Treasury Stock, Value, Acquired, Cost Method | 0 | 0 | 0 | 0 | ||||||||||
Net income | 114,365 | 0 | 0 | 114,365 | 0 | 0 | ||||||||
Other comprehensive loss, net of tax | 20,949 | 0 | 0 | 0 | 0 | 20,949 | ||||||||
Cash dividends declared | (40,937) | 0 | 0 | (40,937) | 0 | 0 | ||||||||
Stock-based compensation expense, net | 3,213 | 3,213 | ||||||||||||
Restricted awards granted | $ 0 | 0 | (3,848) | 0 | 3,848 | 0 | ||||||||
Exercise of stock options | 0 | |||||||||||||
Purchase of treasury shares | $ (60,134) | (60,134) | ||||||||||||
Stock Issued During Period, Value, Acquisitions | 61,583 | 0 | 7,079 | 0 | 54,504 | 0 | ||||||||
Ending balance at Dec. 31, 2023 | $ 677,066 | $ 175 | $ 578,027 | 47,619 | $ 47,619 | 177,424 | $ 170,980 | 780,299 | $ 175 | $ 706,871 | (217,737) | $ (215,955) | (110,539) | $ (131,488) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | 0 | 0 | $ 0 | 0 | ||||||||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | $ 0 | $ 0 | $ 0 |
Consolidated Statements Of Ch_2
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement of Stockholders' Equity [Abstract] | |||
Accounting Standards Update [Extensible List] | Accounting Standards Update 2016-13 [Member] | ||
Cash dividends declared | $ 2.73 | $ 2.50 | $ 2.34 |
Exercise of stock options | 0 | 15,000 | 15,000 |
Purchase of treasury shares | 667,000 | 325,000 | 760,000 |
Stock Issued During Period, Shares, Acquisitions | 667,000 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Operating Activities | |||
Net Income Available to Common Shareholders | $ 114,365,000 | $ 102,071,000 | $ 88,080,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Amortization and (accretion), net | 6,165,000 | 10,451,000 | 8,782,000 |
Provision for (recovery of) credit losses | 3,243,000 | 474,000 | (3,165,000) |
Depreciation of premises and equipment | 4,556,000 | 5,325,000 | 5,831,000 |
Deferred income tax expense (benefit) | (2,764,000) | 1,469,000 | 2,185,000 |
Net periodic employee benefit cost | (52,000) | 256,000 | 569,000 |
Pension contributions | 0 | 0 | (1,000,000) |
Unrealized and realized securities losses (gains) | 4,476,000 | 1,581,000 | (816,000) |
Stock-based compensation expense | 3,213,000 | 3,276,000 | 3,121,000 |
Excess tax benefit from stock-compensation expense | 228,000 | (292,000) | (579,000) |
Increase in value of bank-owned life insurance | (6,037,000) | (5,559,000) | (3,895,000) |
Loans originated for sale | (11,159,000) | (31,150,000) | (42,420,000) |
Proceeds from the sale of loans originated for sale | 11,306,000 | 31,475,000 | 42,769,000 |
Gain on sale of loans | (147,000) | (325,000) | (349,000) |
Change in accrued interest receivable | (1,136,000) | (2,660,000) | 166,000 |
Change in other assets | 14,526,000 | (20,643,000) | (8,737,000) |
Change in other liabilities | (3,203,000) | 20,068,000 | 11,731,000 |
Net Cash Provided by Operating Activities | 137,580,000 | 115,817,000 | 102,273,000 |
Investing Activities | |||
Net (increase) decrease in loans | (223,785,000) | (102,991,000) | 76,992,000 |
Purchases | 93,681,000 | 519,262,000 | 560,689,000 |
Proceeds from sales | 205,627,000 | 0 | 0 |
Proceeds from maturities and calls | 119,090,000 | 210,912,000 | 291,562,000 |
Purchases | (8,029,000) | (302,000) | (154,000) |
Proceeds from sales | 536,000 | 449,000 | 4,813,000 |
Proceeds from maturities and calls | 780,000 | 0 | 0 |
Purchases of premises and equipment | (2,962,000) | (2,141,000) | (3,323,000) |
Proceeds from the disposals of premises and equipment | 283,000 | 190,000 | 367,000 |
Proceeds from the disposition of assets held-for-sale | 0 | 0 | 0 |
Proceeds from bank-owned life insurance policies | 10,856,000 | 6,045,000 | 2,156,000 |
Payments for low income housing tax credits | (8,051,000) | (3,352,000) | (2,891,000) |
Acquisition of Citizens Commerce Bancshares, Inc. | 14,016,000 | 0 | 0 |
Net Cash Used in Investing Activities | 14,680,000 | (410,452,000) | (191,167,000) |
Financing Activities | |||
Net (decrease) increase in noninterest-bearing deposits | (68,906,000) | (21,710,000) | 196,135,000 |
Net (decrease) increase in interest-bearing deposits | (165,414,000) | (33,677,000) | 77,178,000 |
Net increase (decrease) in short-term borrowings | 37,392,000 | (21,494,000) | 16,502,000 |
Proceeds from long-term debt | 100,000,000 | 0 | 0 |
Purchases of treasury stock | (60,134,000) | (26,449,000) | (58,678,000) |
Proceeds from exercise of stock options | 0 | 798,000 | 691,000 |
Other financing activities | 1,071,000 | (762,000) | (824,000) |
Dividends paid | (39,993,000) | (36,702,000) | (36,138,000) |
Net Cash (Used) Provided by Financing Activities | (195,984,000) | (139,996,000) | 194,866,000 |
(Decrease) Increase in Cash and Cash Equivalents | (43,724,000) | (434,631,000) | 105,972,000 |
Cash and cash equivalents at beginning of period | 200,000,000 | 634,631,000 | 528,659,000 |
Cash and Cash Equivalents at End of Period | 156,276,000 | 200,000,000 | 634,631,000 |
Supplemental Cash Flow Information [Abstract] | |||
Interest paid | 49,134,000 | 9,467,000 | 11,100,000 |
Income taxes paid | 32,813,000 | 22,434,000 | 18,495,000 |
Goodwill | 149,902,000 | 108,941,000 | 108,941,000 |
Core deposit intangible | 12,666,000 | 6,793,000 | 8,179,000 |
Citizens Commerce Bancshares, Inc. | |||
Identifiable assets acquired (net of purchase consideration) | 319,961,000 | 0 | 0 |
Liabilities assumed | 307,617,000 | 0 | 0 |
Goodwill | 40,961,000 | 0 | 0 |
Citizens Commerce Bancshares, Inc. | Core Deposits | |||
Core deposit intangible | $ 8,278,000 | $ 0 | $ 0 |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted In October 2018, the FASB issued ASU No. 2018-16, "Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes." This amendment permits the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815 in addition to the UST, the LIBOR swap rate, the OIS rate based on the Federal Funds Effective Rate, and the SIFMA Municipal Swap Rate. This ASU became effective for the Company on January 1, 2019 with anticipation the LIBOR index would be phased out by the end of 2021. In March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This amendment provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform and is effective as of March 12, 2020 through December 31, 2022. In January 2021, the FASB issued ASU No. 2021-01, "Reference Rate Reform (Topic 848): Scope," which clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. In December 2022, the FASB issued ASU No. 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848," which defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The adoption of ASU No. 2020-04 did not have a material impact on the Company's financial statements. In March 2022, the FASB issued ASU No. 2022-01, "Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method." The amendments in this update allow nonprepayable financial assets to be included in a closed portfolio hedged using the portfolio layer method. This expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and nonprepayable financial assets, thereby allowing consistent accounting for similar hedges. This ASU became effective for the Company on January 1, 2023. The adoption of ASU No. 2022-01 did not have a material impact on the Company's financial statements. In March 2022, the FASB issued ASU No. 2022-02, "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." The amendments in this update eliminate the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by creditors, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. The amendments in this update also require that an entity disclose current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost. This ASU became effective for the Company on January 1, 2023. The Company adopted ASU No. 2022-02 using the modified retrospective method, which resulted in a $0.2 million adjustment to shareholders' equity and the allowance for credit losses. See Note Si x for additional information. In July 2023, the FASB issued ASU No. 2023- 03, " Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock." ASU 2023- 03 amends various SEC paragraphs within the Codification to conform to past SEC staff announcements and guidance issued by the SEC, including Staff Accounting Bulletin No. 120. These updates were immediately effective and did not have a material impact on the Company's financial statements. In October 2023, the FASB issued ASU No. 2023-06,“ Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. ” The amendments eliminate outdated or duplicative SEC disclosure requirements. These updates were immediately effective and did not have a material impact on the Company's financial statements. Pending Adoption In June 2022, the FASB issued ASU 2022-03, " Fair Value Measurement Topic 820: Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ." The FASB issued this ASU to (1) clarify the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, (2) amend a related illustrative example, and (3) introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments in this ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The amendments in this ASU also require the following disclosures for equity securities subject to contractual sale restrictions: (1) the fair value of equity securities subject to contractual sale restrictions reflected in the balance sheet; (2) the nature and remaining duration of the restriction(s); and (3) the circumstances that could cause a lapse in the restriction(s). This ASU will become effective for the Company on January 1, 2024. The adoption of ASU No. 2022-03 is not expected to have a material impact to the Company's financial statements. In March 2023, the FASB issued ASU No. 2023-02, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures using the Proportional Amortization Method." The amendments in this update permit reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. This ASU will become effective for the Company on January 1, 2024. The adoption of ASU No. 2023-02 is not expected to have a material impact on the Company's financial statements. In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" . The amendment requires companies to disclose significant segment expenses that are regularly provided to the chief operating decision maker. This ASU will become effective for the Company on January 1, 2024. The adoption of ASU No. 2023-07 is not expected to have a material impact on the Company's financial statements. In December 2023, the FASB issued ASU No. 2023-09, " Income Taxes (Topic 740): Improvements to Income Tax Disclosures" . The amendment requires companies to disclose, on an annual basis, specific categories in the effective tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. In addition, ASU 2023-09 requires companies to disclose additional information about income taxes paid. ASU 2023-09 will be effective for annual periods beginning January 1, 2025 and will be applied on a prospective basis with the option to apply the standard retrospectively. The adoption of ASU No. 2023-09 is not expected to have a material impact on the Company's financial statements, but will impact our income tax disclosures. |
Loans
Loans | 12 Months Ended |
Dec. 31, 2023 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Loans | LOANS The following summarizes the Company’s major classifications for loans (in thousands): December 31, 2023 December 31, 2022 Commercial and industrial $ 426,951 $ 373,890 1-4 Family 206,237 116,192 Hotels 357,142 340,404 Multi-family 189,165 174,786 Non Residential Non-Owner Occupied 680,590 585,964 Non Residential Owner Occupied 240,328 174,961 Commercial real estate 1,673,462 1,392,307 Residential real estate 1,788,149 1,693,523 Home equity 167,201 134,317 Consumer 65,246 48,806 DDA overdrafts 4,914 3,415 Gross loans 4,125,923 3,646,258 Allowance for credit losses (22,745) (17,108) Net loans $ 4,103,178 $ 3,629,150 Construction loans included in: Residential real estate $ 23,066 $ 21,122 Commercial real estate 2,459 4,130 The Company's commercial and residential real estate construction loans are primarily secured by real estate within the Company's principal markets. These loans were originated under the Company's loan policy, which is focused on the risk characteristics of the loan portfolio, including construction loans. In the judgment of the Company's management, adequate consideration has been given to these loans in establishing the Company's allowance for credit losses. |
Premises And Equipment
Premises And Equipment | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Premises And Equipment | PREMISES AND EQUIPMENT A summary of premises and equipment and related accumulated depreciation is summarized as follows (in thousands): Estimated Useful Life 2023 2022 Land $ 35,135 $ 34,325 Buildings and improvements 10 to 30 yrs. 101,279 98,275 Equipment 3 to 7 yrs. 45,773 44,291 182,187 176,891 Less: accumulated depreciation (110,041) (106,105) $ 72,146 $ 70,786 The depreciation expense for the years ended December 31, 2023, 2022, and 2021 was $4.6 million, $5.3 million, and $5.8 million, respectively. |
Scheduled Maturities Of Time De
Scheduled Maturities Of Time Deposits | 12 Months Ended |
Dec. 31, 2023 | |
Maturities of Time Deposits [Abstract] | |
Scheduled Maturities Of Time Deposits | SCHEDULED MATURITIES OF TIME DEPOSITS Scheduled maturities of the Company's time deposits outstanding at December 31, 2023 are summarized as follows (in thousands): 2024 $ 778,567 2025 209,160 2026 23,849 2027 17,768 2028 11,439 Over five years 207 $ 1,040,990 The Company's time deposits that meet or exceed the FDIC insurance limit of $250,000 were $338.4 million and $271.5 million at December 31, 2023 and 2022, respectively. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands): 2023 2022 Allowance for credit losses $ 4,553 $ 4,102 Deferred compensation payable 3,336 3,279 Accrued expenses 2,575 1,265 Unrealized securities losses 33,524 40,380 Other 8,602 6,012 Total Deferred Tax Assets 52,590 55,038 Goodwill and other intangible assets 4,180 4,284 Other 6,194 5,870 Total Deferred Tax Liabilities 10,374 10,154 Net Deferred Tax Assets/(Liabilities) $ 42,216 $ 44,884 No material valuation allowances for deferred tax assets were recorded at December 31, 2023 or 2022 as the Company believes it is more likely than not that all of the deferred tax assets will be realized because they were supported by recoverable taxes paid in prior years. Significant components of the provision for income taxes are as follows (in thousands): 2023 2022 2021 Current: Federal $ 27,156 $ 20,481 $ 17,248 State 4,349 3,313 3,681 Total current tax expense 31,505 23,794 20,929 Total deferred tax expense (2,764) 1,469 2,185 Income tax expense $ 28,741 $ 25,263 $ 23,114 A reconciliation of the significant differences between the federal statutory income tax rate and the Company’s effective income tax rate is as follows (in thousands): 2023 2022 2021 Computed federal taxes at statutory rate $ 30,052 $ 26,740 $ 23,351 State income taxes, net of federal tax benefit 3,225 2,871 3,124 Tax effects of: Tax-exempt interest income (925) (1,142) (1,177) Bank-owned life insurance (1,268) (1,167) (818) Income tax credits (2,747) (1,904) (1,449) Other items, net 404 (135) 83 Income tax expense $ 28,741 $ 25,263 $ 23,114 Effective tax rate 20.1 % 19.8 % 20.8 % The entire amount of the Company’s unrecognized tax benefits, if recognized, would favorably affect the Company’s effective tax rate. The Company anticipates that it will release $0.4 million over the next 12 months. A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows (in thousands): 2023 2022 Beginning balance $ 1,619 $ 1,846 Additions for current year tax positions 230 351 Decreases for prior year tax positions (44) (17) Decreases related to lapse of applicable statute of limitation (549) (561) Ending balance $ 1,256 $ 1,619 Interest and penalties on income tax uncertainties are included in income tax expense. During 2023, 2022 and 2021, the provision related to interest and penalties was not material in any period. The balance of accrued interest and penalties at December 31, 2023 and 2022 was approximately $1.0 million . The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and various state taxing authorities for the years ended December 31, 2020 and forward. |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |
Employee Benefit Plans | EMPLOYEE BENEFIT PLANS Pursuant to the terms of the City Holding Company 2023 Incentive Plan (the "2023 Plan"), the Compensation Committee of the Board of Directors, or its delegate, may, from time-to-time, grant stock options, stock appreciation rights, ("SARs"), restricted stock units, or stock awards (collectively, the "awards") to employees, directors and individuals who provide service to the Company (collectively, "Plan Participants"). The 2023 Plan was approved by the shareholders in April 2023 and replaced the City Holding Holding 2013 Incentive Plan (the "2013 Plan") that expired in April 2023. A maximum of 600,000 shares of the Company’s common stock may be issued under the 2023 Plan, subject to certain limitations. These limitations may be adjusted in the event of a change in the number of outstanding shares of common stock by reason of a stock dividend, stock split, combination, reclassification, recapitalization or other similar event. Specific terms of the awards granted, including the number of shares, vesting periods, exercise prices (for stock options) and expiration dates are determined at the date of grant and are evidenced by agreements between the Company and the awardee. The exercise price of the stock option grants equals the fair market value of the Company’s stock on the date of grant. All incentive stock options and SARs will be exercisable up to 10 years from the date granted and all options and SARs are exercisable for the period specified in the individual agreement. Upon a change-in-control of the Company, as defined in the 2023 Plan, all outstanding awards shall immediately vest. As of December 31, 2023, approximately 578,000 shares were still available to be issued under the 2023 Plan. Stock Options During the year ended December 31, 2023, no stock options were exercised. The Company had 11,586 outstanding and exercisable options issued as of December 31, 2023 at a weighted average exercise price of $62.83 per share. All previously issued stock options granted under the 2013 Plan that was replaced by the 2023 Plan were fully vested prior to December 31, 2022. Shares issued in connection with stock option exercises are issued from available treasury shares. If no treasury shares are available, new shares would be issued from available authorized shares. During 2022 and 2021, all shares issued in connection with stock option exercises and restricted stock awards were issued from available treasury stock. For the stock options that have performance-based criteria, management has evaluated those criteria and has determined that, as of December 31, 2023, the criteria were probable of being met. Restricted Shares, Restricted Stock Units (“RSUs”) and Performance Stock Units (“PSUs”) The Company measures compensation expense with respect to restricted shares, RSUs and PSUs (collectively, the "restricted shares") in an amount equal to the fair value of the common stock covered by each award on the date of grant. The restricted shares awarded become fully vested after various periods of continued employment from the respective dates of grant. The Company is entitled to an income tax deduction in an amount equal to the taxable income reported by the holders of the restricted shares when the restrictions are released and the shares are issued. Compensation is charged to expense over the respective vesting periods. Restricted shares are generally forfeited if officers and employees terminate employment with the Company prior to the lapsing of restrictions. The Company records forfeitures of restricted stock as treasury share repurchases and any compensation cost previously recognized is reversed in the period of forfeiture. Recipients of restricted shares do not pay any cash consideration to the Company for the shares, and generally have the right to vote all shares subject to such grant and receive all dividends with respect to such shares, whether or not the shares have vested. For the restricted shares that have performance-based criteria, management has evaluated those criteria and has determined that, as of December 31, 2023, the criteria were probable of being met. The Board of Directors, annually, grants the named executive officers ("NEOs") of the Company restricted stock units ("RSUs") and performance share units ("PSUs"). The RSUs vest in three separate annual installments of approximately 33.33% per installment on the first, second and third anniversaries of the grant date, subject to a two-year holding period. The PSUs vest on the third anniversary of the grant date. The payout for the PSUs will be determined based on two factors: (1) the Company's three-year average return on assets ("ROA") during the three-year performance period relative to the ROA for the selected peer companies and (2) the Company's total shareholder return ("TSR") during the three-year performance period relative to the TSR of the selected peer companies. Until the time these shares transfer to the participant, the participant does not have the right to vote these shares, nor does the participant receive dividends during the outstanding period (however, dividends are accrued and payable upon transfer). For the restricted shares that have performance-based criteria, management periodically evaluates those criteria and adjusts the number of shares awarded, if necessary. A summary of the Company’s restricted shares activity and related information is presented below: 2023 2022 2021 Restricted Awards Average Market Price at Grant Restricted Awards Average Market Price at Grant Restricted Awards Average Market Price at Grant Outstanding at January 1 140,606 146,755 158,554 Granted 35,358 $ 91.46 33,327 $ 77.21 34,762 $ 76.38 Forfeited/Vested (57,328) (39,476) (46,561) Outstanding at December 31 118,636 140,606 146,755 Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands): For the year ended December 31, 2023 2022 2021 Stock-based compensation expense associated with restricted shares, RSUs and $ 3,047 $ 2,817 $ 2,949 At period-end: 2023 Unrecognized stock-based compensation expense $ 4,912 Weighted average period in which the above amount is expected to be recognized 3.0 years 401(k) Plan The Company provides retirement benefits to its employees through matching contributions to the City Holding Company 401(k) Plan and Trust (the "401(k) Plan"), which is intended to be compliant with Employee Retirement Income Security Act (ERISA) section 404(c). Information regarding the Company’s 401(k) Plan is provided in the following table (dollars in thousands): For the year ended December 31, 2023 2022 2021 Expense associated with the Company's 401(k) Plan $ 1,246 $ 1,138 $ 1,075 At period-end: Number of shares of the Company's common stock held by the 401(k) Plan 165,489 168,332 178,936 Defined Benefit Plan The Company maintains a defined benefit pension plan (the "Defined Benefit Plan"), which was inherited from the Company's acquisition of the plan sponsor (Horizon Bancorp, Inc.). The Horizon Defined Benefit Plan was frozen in 1999 and maintains a December 31st year-end for purposes of computing its benefit obligations. Primarily as a result of the interest rate environment and mortality table revisions, the estimated fair value of plan assets exceeded the benefit obligation at December 31, 2023 and at December 31, 2022 . The following table summarizes activity within the Company's Defined Benefit Plan (dollars in thousands): Pension Benefits 2023 2022 Change in fair value of plan assets: Fair value at beginning of measurement period $ 11,460 $ 14,704 Actual (loss) gain on plan assets 1,839 (2,253) Benefits paid (948) (991) Fair value at end of measurement period 12,351 11,460 Change in benefit obligation: Benefit obligation at beginning of measurement period (11,229) (14,295) Interest cost (549) (362) Actuarial (loss) gain (43) (260) Assumption changes (178) 2,697 Benefits paid 948 991 Benefit obligation at end of measurement period (11,051) (11,229) Funded status $ 1,300 $ 231 Weighted-average assumptions for benefit obligation: Discount rate 4.93 % 5.14 % Expected long-term rate of return 6.75 % 6.75 % Weighted-average assumptions for net periodic pension cost: Discount rate 5.14 % 2.63 % Expected long-term rate of return 6.75 % 6.75 % Based on the funding status of the Horizon Defined Benefit Plan, no contributions were required during the years ended December 31, 2023 and 2022. However, the Company made voluntary contributions during 2021. The following table presents the components of the net periodic pension cost of the Company's Defined Benefit Plan, which is recognized in Other Expenses in the Consolidated Statements of Income (in thousands). Since the Company's Defined Benefit Plan is frozen, there is no service cost component. 2023 2022 2021 Interest cost $ 549 $ 362 $ 331 Expected return on plan assets (840) (886) (884) Net amortization and deferral 343 780 1,122 Net Periodic Pension Cost $ 52 $ 256 $ 569 Amounts related to the Company's Defined Benefit Pension Plan recognized as a component of other comprehensive (loss) income were as follows (in thousands): 2023 2022 2021 Net actuarial gain $ 1,121 $ 83 $ 2,848 Deferred tax expense (280) (20) (672) Other comprehensive income, net of tax $ 841 $ 63 $ 2,176 Amounts recognized as a component of accumulated other comprehensive (loss) income as of December 31, 2023 and 2022 were as follows (in thousands): 2023 2022 Net actuarial loss $ 3,398 $ 4,519 Deferred tax benefit (817) (1,097) Amounts included in accumulated other comprehensive (loss) income, net of tax $ 2,581 $ 3,422 The following table summarizes the expected benefits to be paid in each of the next five years and in the aggregate for the five years thereafter (in thousands): Plan Year Ending December 31, Expected Benefits to be Paid 2024 $ 1,014 2025 1,014 2026 998 2027 977 2028 960 2029 through 2033 4,344 The major categories of assets in the Company’s Defined Benefit Plan as of year-end are presented in the following table (in thousands). Assets ar e seg regated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value (See Note Eighteen ). Total Level 1 Level 2 Level 3 2023 Cash and cash equivalents $ 62 $ 62 $ — $ — Common stocks 9,487 9,487 — — Corporate bonds 2,802 — 2,802 — Total $ 12,351 $ 9,549 $ 2,802 $ — 2022 Cash and cash equivalents $ 15 $ 15 $ — $ — Common stocks 8,751 8,751 — — Corporate bonds 2,694 — 2,694 — Total $ 11,460 $ 8,766 $ 2,694 $ — Horizon Defined Benefit Plan (Investment Strategy) The Company's pension committee has revised the plan's investment strategy and set a target allocation of 75% equity securities and 25% fixed income securities. The assets will be reallocated periodically to meet the above target allocations. A range is developed around each of these target allocations such that at any given time the actual allocation may be higher or lower than stated above (+ or - 10%). The overall investment return goal is to achieve a rate of return greater than a blended index of the S&P 500 and the Barclay's Capital Aggregate Bond Index, which is tailored to the same asset mix of the retirement plans assets, by 1/2 or 1% annualized after fees over a rolling five year moving average basis. At December 31, 2023, the plan assets were invested in equity securities ( 77% ) and fixed income securities ( 23% ), which are in the allowable allocation range under the policy. Pentegra Defined Benefit Plan The Company and its subsidiary participate in the Pentegra Defined Benefit Plan for Financial Institutions ("The Pentegra DB Plan"), a tax-qualified defined benefit pension plan. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. There are no collective bargaining agreements in place that require contributions to the Pentegra DB Plan. The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan, contributions made by a participating employer may be used to provide benefits to participants of other participating employers. The funded statuses below are as of July 1, 2023 (the latest available valuation report). It is the policy of the Company to fund the normal cost of the Pentegra DB Plan on an annual basis. Other than for normal plan expenses, no contributions were required for the years ended December 31, 2023, 2022 and 2021. The benefits of the original Pentegra Defined Benefit Plan were frozen prior to the acquisition of Classic Bancshares ("Classic") in 2005, and the benefits of the Poage Pentegra Defined Benefit Plan were frozen prior to the acquisition of Poage in 2018. It is the intention of the Company to fund benefit amounts when assets of the plan are not sufficient. Pentegra DB Plan's Employer Identification Number 13-5645888 Plan Number 333 Funded status for plan inherited with Classic acquisition 88.26% Funded status for plan inherited with Poage acquisition 86.39% Employment Contracts The Company has entered into employment contracts with certain of its current and former executive officers. The employment contracts provide for, among other things, the payment of termination compensation in the event an executive officer either voluntarily or involuntarily terminates his employment with the Company for other than "Just Cause" as defined in the applicable employment contract. Certain of the employment contracts provide for a termination benefit that became fully vested in 2005 and is payable if and when the executive officer terminates his employment with the Company. The termination benefit grows each year at an amount equal to the one-year constant maturity treasury rate and cannot be forfeited except where the executive officer personally profits from willful fraudulent activity that materially and adversely affects the Company. The costs of this vested termination benefit have been fully accrued and expensed by the Company as of December 31, 2023. The liability was $1.4 million and $1.6 million at December 31, 2023 and 2022, respectively. During 2021, the payment of termination benefits for a former executive officer commenced and fully paid as of December 31, 2023. Other Post-Retirement Benefit Plans Certain entities previously acquired by the Company had entered into individual deferred compensation and supplemental retirement agreements with certain current and former directors and officers. The Company has assumed the liabilities associated with these agreements, the cost of which is being accrued over the period of active service from the date of the respective agreement. To assist in funding these liabilities, the acquired entities had insured the lives of certain current and former directors and officers. The Company is the current owner and beneficiary of those insurance policies. The following table presents a summary of the Company's other post-retirement benefit plans (in thousands). For the year ended December 31 2023 2022 2021 Cost of other post-retirement benefits $ 231 $ 251 $ 277 At period-end: Other post-retirement benefit liability (included in Other Liabilities) 5,175 5,527 5,995 Cash surrender value of insurance policies (included in Other Assets) 4,841 4,787 5,071 |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | RELATED PARTY TRANSACTIONS City National has granted loans to certain non-executive officers and directors of the Company and its subsidiaries, and to their associates. Principal Principal December 31, 2022 Additions Reductions December 31, 2023 Related Party Loans $ 16,001 $ 133 $ (9,325) $ 6,809 |
Commitments And Contingencies
Commitments And Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments And Contingencies | COMMITMENTS AND CONTINGENCIES Credit Related Financial Instruments The Company is a party to certain financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. The Company has entered into agreements with certain customers to extend credit or provide conditional commitment to provide payment on drafts presented in accordance with the terms of the underlying credit documents. The Company also provides overdraft protection to certain demand deposit customers that represent an unfunded commitment. Overdraft protection commitments, which are included with other commitments below, are uncollateralized and are paid at the Company’s discretion. Conditional commitments generally include standby and commercial letters of credit. Standby letters of credit represent an obligation of the Company to a designated third party contingent upon the failure of a customer of the Company to perform under the terms of the underlying contract between the customer and the third party. Commercial letters of credit are issued specifically to facilitate trade or commerce. Under the terms of a commercial letter of credit, drafts will be drawn when the underlying transaction is consummated, as intended, between the customer and a third party. The majority of the Company's commitments have variable interest rates. The funded portion of these financial instruments is reflected in the Company’s balance sheet, while the unfunded portion of these commitments is not reflected in the balance sheet. The table below presents a summary of the contractual obligations of the Company resulting from significant commitments (in thousands): December 31, 2023 December 31, 2022 Commitments to extend credit: Home equity lines $ 243,893 $ 232,295 Commercial real estate 52,002 53,226 Other commitments 316,200 257,222 Standby letters of credit 4,916 5,205 Commercial letters of credit 6,117 2,006 Loan commitments and standby and commercial letters of credit have credit risks essentially the same as those involved in extending loans to customers and are subject to the Company’s standard credit policies. Collateral is obtained based on management’s credit assessment of the customer. Management does not anticipate any material losses as a result of these commitments. Litigation In addition, the Company is engaged in various legal actions that it deems to be in the ordinary course of business. As these legal actions are resolved, the Company could realize positive and/or negative impact to its financial performance in the period in which these legal actions are ultimately decided. There can be no assurance that current legal actions will have an immaterial impact on financial results, either positive or negative, or that no material legal actions may be presented in the future. |
Preferred Stock
Preferred Stock | 12 Months Ended |
Dec. 31, 2023 | |
Preferred Stock, Number of Shares, Par Value and Other Disclosure [Abstract] | |
Preferred Stock | PREFERRED STOCK The Company’s Board of Directors has the authority to issue preferred stock, and to determine the designation, preferences, rights, dividends and all other attributes of such preferred stock, without any vote or action by the shareholders. As of December 31, 2023, no such shares were outstanding, nor were any expected to be issued. |
Regulatory Requirements And Cap
Regulatory Requirements And Capital Ratios | 12 Months Ended |
Dec. 31, 2023 | |
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] | |
Regulatory Requirements And Capital Ratios | REGULATORY REQUIREMENTS, RESTRICTIONS ON DIVIDENDS AND CAPITAL RATIOS The principal source of income and cash for City Holding (the "Parent Company") is dividends from City National. Dividends paid by City National to the Parent Company are subject to certain legal and regulatory limitations. Generally, any dividends in amounts that exceed the earnings retained by City National in the current year plus retained net profits for the preceding two years must be approved by regulatory authorities. Approval is also required if dividends declared would cause City National’s regulatory capital to fall below specified minimum levels. At December 31, 2023, City National could pay dividends up to $53.3 million without prior regulatory permission. During 2023, the Parent Company used cash obtained from the dividends received primarily to: (1) pay common dividends to shareholders and (2) fund repurchases of the Company's common shares. As of December 31, 2023, the Parent Company reported a cash balance of approximately $64.0 million. Management believes that the Parent Company’s available cash balance, together with cash dividends from City National, is adequate to satisfy its funding and cash needs in 2024. The Basel III Capital Rules require City Holding and City National to maintain minimum CET 1, Tier 1 and Total Capital ratios, along with a capital conservation buffer, effectively resulting in minimum capital ratios (which are shown in the table below). The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of CET 1 capital to risk-weighted assets above the minimum but below the conservation buffer (or below the combined capital conservation buffer and countercyclical capital buffer, when the latter is applied) will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. The Basel III Capital Rules also provide for a "countercyclical capital buffer" that is applicable to only certain covered institutions and does not have any current applicability to City Holding Company or City National Bank. The Company’s minimum required regulatory capital ratios for both City Holding and City National include the 2.5% capital conservation buffer and are illustrated in the following tables (in thousands): December 31, 2023 Actual Minimum Required - Basel III Required to be Considered Well Capitalized Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio CET 1 Capital City Holding Company $ 627,579 15.7 % $ 279,768 7.0 % $ 259,875 6.5 % City National Bank 549,031 13.8 % 278,692 7.0 % 258,785 6.5 % Tier 1 Capital City Holding Company 627,579 15.7 % 339,718 8.5 % 319,735 8.0 % City National Bank 549,031 13.8 % 338,412 8.5 % 318,505 8.0 % Total Capital City Holding Company 648,646 16.2 % 419,652 10.5 % 399,669 10.0 % City National Bank 570,099 14.3 % 418,038 10.5 % 398,131 10.0 % Tier 1 Leverage Ratio City Holding Company 627,579 10.2 % 245,468 4.0 % 306,835 5.0 % City National Bank 549,031 8.9 % 245,587 4.0 % 306,984 5.0 % December 31, 2022: Actual Minimum Required - Basel III Required to be Considered Well Capitalized Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio CET 1 Capital City Holding Company $ 598,068 16.2 % $ 257,965 7.0 % $ 239,538 6.5 % City National Bank 508,586 13.9 % 256,520 7.0 % 238,197 6.5 % Tier 1 Capital City Holding Company 598,068 16.2 % 313,243 8.5 % 294,817 8.0 % City National Bank 508,586 13.9 % 311,488 8.5 % 293,166 8.0 % Total Capital City Holding Company 612,654 16.6 % 386,947 10.5 % 368,521 10.0 % City National Bank 523,172 14.3 % 384,780 10.5 % 366,457 10.0 % Tier 1 Leverage Ratio City Holding Company 598,068 10.0 % 238,954 4.0 % 298,692 5.0 % City National Bank 508,586 8.6 % 237,973 4.0 % 297,466 5.0 % |
City Holding Company (Parent Co
City Holding Company (Parent Company Only) Financial Information | 12 Months Ended |
Dec. 31, 2023 | |
Condensed Financial Information Disclosure [Abstract] | |
City Holding Company (Parent Company Only) Financial Information | CITY HOLDING COMPANY (PARENT COMPANY ONLY) FINANCIAL INFORMATION Condensed Balance Sheets The following table presents the condensed balance sheets of City Holding Company, parent company only (in thousands): December 31, 2023 2022 Assets Cash $ 63,988 $ 54,597 Securities available-for-sale 1,781 2,530 Investment in subsidiaries 620,757 530,144 Loans 372 424 Fixed assets — 2 Deferred tax asset 182 32 Other assets 1,193 1,321 Total Assets $ 688,273 $ 589,050 Liabilities Dividends payable $ 10,692 $ 9,748 Other liabilities 515 1,450 Total Liabilities 11,207 11,198 Total Shareholders’ Equity 677,066 577,852 Total Liabilities and Shareholders’ Equity $ 688,273 $ 589,050 Condensed Statements of Comprehensive Income (Loss) The following table presents the condensed statements of comprehensive income (loss) of City Holding Company, parent company only (in thousands): Year Ended December 31, 2023 2022 2021 Income Dividends from subsidiaries $ 108,895 $ 90,500 $ 96,000 Realized and unrealized investment securities (losses) gains (302) (52) 820 Other income 98 99 191 108,691 90,547 97,011 Expenses Other expenses 2,024 2,077 1,610 2,024 2,077 1,610 Income Before Income Tax Benefit and Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries 106,667 88,470 95,401 Income tax benefit (650) (604) (264) Income Before Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries 107,317 89,074 95,665 Equity in undistributed net income (excess dividends) of subsidiaries 7,048 12,997 (7,585) Net Income $ 114,365 $ 102,071 $ 88,080 Total Comprehensive Income (Loss) $ 135,316 $ (43,677) $ 71,107 Condensed Statements of Cash Flows The following table presents the condensed statements of cash flows of City Holding Company, parent company only (in thousands): Year Ended December 31, 2023 2022 2021 Operating Activities Net income $ 114,365 $ 102,071 $ 88,080 Adjustments to reconcile net income to net cash provided by operating activities: Unrealized and realized investment securities losses (gains) 302 52 (820) (Benefit) provision for deferred income taxes (150) (136) (194) Depreciation, amortization and accretion, net — — — Stock based compensation 3,213 3,277 3,121 Change in other assets 128 (465) 89 Change in other liabilities (4,134) (1,851) (2,775) (Equity in undistributed net income) excess dividends of subsidiaries (7,048) (12,997) 7,585 Net Cash Provided by Operating Activities 106,676 89,951 95,086 Investing Activities Proceeds from sales of available for sale securities — 61 3,443 Proceeds from sales of other investments 447 — — Net decrease in loans 52 55 145 Acquisition of Citizens Commerce Bancshares, Inc. 2,343 — — Net Cash Provided by Investing Activities 2,842 116 3,588 Financing Activities Repayment of FHLB long-term advances — — — Dividends paid (39,993) (36,702) (36,138) Purchases of treasury stock (60,134) (26,449) (58,678) Exercise of stock options — 797 691 Net Cash Used in Financing Activities (100,127) (62,354) (94,125) Increase (Decrease) in Cash and Cash Equivalents 9,391 27,713 4,549 Cash and cash equivalents at beginning of year 54,597 26,884 22,335 Cash and Cash Equivalents at End of Year $ 63,988 $ 54,597 $ 26,884 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): For the Year Ended December 31, 2023 2022 2021 Net income available to common shareholders $ 114,365 $ 102,071 $ 88,080 Less: earnings allocated to participating securities (1,036) (958) (843) Net earnings allocated to common shareholders $ 113,329 $ 101,113 $ 87,237 Distributed earnings allocated to common shares outstanding $ 40,121 $ 36,619 $ 34,901 Undistributed earnings allocated to common shares outstanding 73,208 64,494 52,336 Net earnings allocated to common shareholders $ 113,329 $ 101,113 $ 87,237 Average shares outstanding, basic 14,868 14,847 15,381 Effect of dilutive securities 23 26 26 Average shares outstanding, diluted 14,891 14,873 15,407 Basic earnings per share $ 7.62 $ 6.81 $ 5.67 Diluted earnings per share $ 7.61 $ 6.80 $ 5.66 Anti-dilutive options are not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares and therefore, the effect would have been anti-dilutive. Anti-dilutive options were not significant for any of the periods shown above. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss | 12 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Loss | ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The activity in accumulated other comprehensive (loss) income is presented in the tables below (in thousands). The activity is shown net of tax, which is calculated using a combined Federal and state income tax rate approximating 24% for 2023 and 2022. Accumulated Other Comprehensive (Loss) Income Unrealized Gains (Losses) on Defined Benefit Securities Pension Plans Available-for-Sale Total Balance at December 31, 2021 $ (3,485) $ 17,745 $ 14,260 Other comprehensive income (loss) before reclassifications 63 (145,808) (145,745) Amounts reclassified from other comprehensive (loss) income — (3) (3) 63 (145,811) (145,748) Balance at December 31, 2022 $ (3,422) $ (128,066) $ (131,488) Other comprehensive income before reclassifications 841 16,366 17,207 Amounts reclassified from other comprehensive (loss) income — 3,742 3,742 841 20,108 20,949 Balance at December 31, 2023 $ (2,581) $ (107,958) $ (110,539) Amounts reclassified from Other Comprehensive (Loss) Income Affected line item December 31, in the Consolidated 2023 2022 2021 Statements of Income Securities available-for-sale: Net securities losses (gains) reclassified into earnings $ 4,908 $ (4) $ (312) Net (losses) gains on sale of investment securities Related income tax (benefit) expense (1,166) 1 75 Income tax expense (benefit) Net effect on accumulated other comprehensive (loss) income $ 3,742 $ (3) $ (237) |
Contracts With Customers
Contracts With Customers | 12 Months Ended |
Dec. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Contracts With Customers | NOTE TWENTY-TWO – CONTRACTS WITH CUSTOMERS The Company's largest source of revenue is comprised of net interest income on financial assets and financial liabilities, which is explicitly excluded from the scope of ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), and non-interest income. The Company's significant sources of non-interest income are: service charges, bankcard revenue, trust and investment management fee income and bank owned life insurance (which is also excluded from ASC 606). The Company's significant policies related to contracts with customers are discussed below. Service Charges: Service charges consist of service charges on deposit accounts (monthly service fees, account analysis fees, non-sufficient funds ("NSF") fees and other deposit account related fees). For transaction-based fees, the Company's performance obligation is generally satisfied, and the related revenue recognized, at a point in time. For non-transaction-based fees, the Company's performance obligation is generally satisfied, and the related revenue recognized, over the period in which the service is provided (typically a month). Generally, payments are received immediately through a direct charge to the customer's account. Bankcard Revenue: Bankcard revenue is primarily comprised of debit card income and ATM fees. Debit card income is primarily comprised of interchange fees earned whenever the Company's debit cards are processed through card payment networks such as Mastercard. ATM fees are primarily generated when a non-Company cardholder uses a Company ATM or when a Company cardholder uses a non-Company ATM. The Company's performance obligation for bankcard revenue is generally satisfied, and the related revenue recognized, when the services are rendered. Generally, payments are received immediately or in the following month. Trust and Investment Management Fee Income: Trust and investment management fee income is primarily comprised of fees earned from the management and administration of customer assets. The Company's performance obligation is generally satisfied over time (typically a quarter), and the related revenue recognized, based upon the quarter-end market value of the assets under management and the applicable fee rate. Generally, payments are received a few days after quarter-end through a direct charge to the customer's account. The following table illustrates the disaggregation by the Company's major revenue streams (in thousands): Point of Revenue Recognition 2023 2022 2021 Major revenue streams Service charges At a point in time and over time $ 27,751 $ 28,335 $ 25,539 Bankcard revenue At a point in time 27,960 27,349 26,987 Trust and investment management fee income Over time 9,563 8,798 8,415 Other income At a point in time and over time 3,794 3,617 3,989 Net revenue from contracts with customers 69,068 68,099 64,930 Non-interest income within the scope of other GAAP topics 1,561 3,978 4,711 Total non-interest income $ 70,629 $ 72,077 $ 69,641 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Pay vs Performance Disclosure | |||
Net Income Available to Common Shareholders | $ 114,365 | $ 102,071 | $ 88,080 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended | 12 Months Ended |
Dec. 31, 2023 | Dec. 31, 2023 | |
Trading Arrangements, by Individual | ||
Non-Rule 10b5-1 Arrangement Adopted | false | |
Rule 10b5-1 Arrangement Terminated | false | |
Non-Rule 10b5-1 Arrangement Terminated | false | |
Gregory A. Burton [Member] | ||
Trading Arrangements, by Individual | ||
Material Terms of Trading Arrangement | Gregory A. Burton, a member of our board of directors, adopted a non-discretionary stock purchase plan on December 1, 2023. The plan, which expires December 1, 2024, provides for purchase the Company's stock, subject to certain purchase restrictions. The aggregate number of shares of the Company's stock to be purchased depends on stock price. | |
Name | Gregory A. Burton | |
Title | member of our board of directors | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | December 1, 2023 | |
Robert D. Fisher [Member] | ||
Trading Arrangements, by Individual | ||
Material Terms of Trading Arrangement | Robert D. Fisher, a member of our board of directors, adopted a non-discretionary stock purchase plan on December 1, 2023. The plan, which expires December 1, 2024, provides for purchase the Company's stock, subject to certain purchase restrictions. The aggregate number of shares of the Company's stock to be purchased depends on stock price. | |
Name | Robert D. Fisher | |
Title | member of our board of directors | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | December 1, 2023 | |
William H. File [Member] | ||
Trading Arrangements, by Individual | ||
Material Terms of Trading Arrangement | William H. File, a member of our board of directors, adopted a non-discretionary stock purchase plan on December 1, 2023. The plan, which expires December 1, 2024, provides for purchase the Company's stock, subject to certain purchase restrictions. The aggregate number of shares of the Company's stock to be purchased depends on stock price. | |
Name | William H. File | |
Title | member of our board of directors | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | December 1, 2023 | |
Tracy W. Hylton [Member] | ||
Trading Arrangements, by Individual | ||
Material Terms of Trading Arrangement | Tracy W. Hylton II, a member of our board of directors, adopted a non-discretionary stock purchase plan on December 1, 2023. The plan, which expires December 1, 2024, provides for purchase the Company's stock, subject to certain purchase restrictions. The aggregate number of shares of the Company's stock to be purchased depends on stock price. | |
Name | Tracy W. Hylton II | |
Title | member of our board of directors | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | December 1, 2023 | |
Diane W. Strong-Treister [Member] | ||
Trading Arrangements, by Individual | ||
Material Terms of Trading Arrangement | Diane W. Strong-Treister, a member of our board of directors, adopted a non-discretionary stock purchase plan on December 1, 2023. The plan, which expires December 1, 2024, provides for purchase the Company's stock, subject to certain purchase restrictions. The aggregate number of shares of the Company's stock to be purchased depends on stock price. | |
Name | Diane W. Strong-Treister | |
Title | member of our board of directors | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | December 1, 2023 |
Summary Of Significant Accounti
Summary Of Significant Accounting And Reporting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting and Reporting Policies | Summary of Significant Accounting and Reporting Policies: The accounting and reporting policies of City Holding Company and its subsidiaries (the "Company") conform with U.S. generally accepted accounting principles and require management to make estimates and develop assumptions that affect the amounts reported in the financial statements and related footnotes. Actual results could differ from management’s estimates. The following is a summary of the more significant policies. |
Principles Of Consolidation | Principles of Consolidation: The consolidated financial statements include the accounts of City Holding Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements. The Company determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity in conformity with U. S. generally accepted accounting principles. Voting interest entities are entities in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make decisions about the entity’s activities. The Company consolidates voting interest entities in which it has all, or at least a majority of, the voting interest. As defined in applicable accounting standards, variable interest entities (VIEs) are entities that lack one or more of the characteristics of a voting interest entity. A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The enterprise with a controlling financial interest, known as the primary beneficiary, consolidates the VIE. The Company also invests in certain limited partnerships that operate qualified low-income housing tax credit developments. These investments are considered variable interest entities for which the Company is not the primary beneficiary. Accordingly, the accounts of these entities are not included in the Company’s consolidated financial statements. Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation. Such reclassifications had no impact on total shareholders’ equity or net income for any period. |
Cash and Due from Banks | Cash and Due from Banks: |
Securities | Securities: Management determines the appropriate classification of securities at the time of purchase. If management has the intent and the Company has the ability at the time of purchase to hold debt securities to maturity, they are classified as investment securities held-to-maturity and are stated at amortized cost, adjusted for amortization of premiums and accretion of discounts. Debt securities which the Company may not hold to maturity are classified as investment securities available-for-sale. Securities available-for-sale are carried at fair value, with the unrealized gains and losses, net of tax, reported in comprehensive income. Securities classified as available-for-sale include securities that management intends to use as part of its asset/liability and liquidity management strategy and that may be sold in response to changes in interest rates, resultant prepayment risk, and other factors. Certain investment securities that do not have readily determinable fair values and for which the Company does not exercise significant influence are carried at cost and classified as other investment securities on the Consolidated Balance Sheets. These cost-method investments are reviewed for impairment at least annually or sooner if events or changes in circumstances indicate the carrying value may not be recoverable. Marketable equity securities that consist of investments made by the Company in equity positions of various community banks are also classified as other investment securities on the Consolidated Balance Sheets. Changes in the fair value of the marketable equity securities are recorded in the Consolidated Statements of Income. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive (loss) income. Management employs a continuous monitoring process in regards to its marketable equity securities, specifically its portfolio of regional community bank holdings. Although the regional community bank stocks that are owned by the Company are publicly traded, the trading activity for these stocks is minimal. As part of management's review process for these securities, management reviews the financial condition of each respective community bank for any indications of financial weakness. Changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. |
Fair Value of Financial Instruments, Policy | Fair Value of Financial Instruments: ASC Topic 825 " |
Loans | Loans: Loans, excluding previously securitized loans, are reported at the principal amount outstanding, net of unearned income. Portfolio loans include those for which management has the intent and the Company has the ability to hold for the foreseeable future, or until maturity or payoff. The foreseeable future is based upon management’s judgment of current business strategies and market conditions, the type of loan, asset/liability management, and liquidity. Interest income on loans is accrued and credited to operations based upon the principal amount outstanding, using methods that generally result in level rates of return. Loan origination fees, and certain direct costs, are deferred and amortized as an adjustment to the yield over the term of the loan. The accrual of interest income generally is discontinued when a loan becomes 90 days past due as to principal or interest for all loan types. However, any loan may be placed on non-accrual status if the Company receives information that indicates that it is probable a borrower will be unable to meet the contractual terms of their respective loan agreement. Other indicators considered for placing a loan on non-accrual status include the borrower’s involvement in bankruptcies, foreclosures, repossessions, litigation and any other situation resulting in doubt as to whether full collection of contractual principal and interest is attainable. When interest accruals are discontinued, unpaid interest recognized in income in the current year is reversed, and interest accrued in prior years is charged to the allowance for credit losses. Management may elect to continue the accrual of interest when the estimated net realizable value of collateral exceeds the principal balance and related accrued interest, and the loan is in process of collection. Generally for all loan classes, payments during the period the loan is non-performing are recorded on a cash basis. Payments received on nonperforming loans are typically applied directly against the outstanding principal balance until the loan is fully repaid. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Generally, all loan types are considered past due when the contractual terms of a loan are not met and the borrower is 30 days or more past due on a payment. Furthermore, all loans are generally subject to charge-off when the loan becomes 120 days past due, depending on the estimated fair value of the collateral less cost to dispose, versus the outstanding loan balance. |
Allowance for Loan Losses | Allowance for Credit Losses: The allowance for credit losses is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics, such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. These evaluations are conducted at least quarterly and more frequently if deemed necessary. In evaluating the appropriateness of its allowance for credit losses, the Company stratifies the loan portfolio into six major groupings. The Company has identified the following portfolio segments and measures the allowance for credit losses using the following methods: Portfolio Segment Measurement Method Commercial and industrial Migration Commercial real estate: 1-4 family Migration Hotels Migration Multi-family Migration Non Residential Non-Owner Occupied Migration Non Residential Owner Occupied Migration Residential real estate Vintage Home equity Vintage Consumer Vintage Migration is an analysis that tracks a closed pool of loans for a configurable period of time and calculates a loss ratio on only those loans in the pool at the start date based on outstanding balance. Vintage is a predictive loss model that includes a reasonable approximation of probable and estimable future losses by tracking each loan's net losses over the life of the loan as compared to its original balance. For demand deposit overdrafts, the allowance for credit losses is measured using the historical loss rate. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the collective evaluation. When management determines that foreclosure is probable, the expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Expected credit losses are estimated over the contractual term of the loan, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a restructured loan will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. |
Bank Owned Life Insurance Policy | Bank Owned Life Insurance: The Company has purchased life insurance on certain executive officers and employees. The Company receives the cash surrender value of each policy upon its termination or benefits are payable upon the death of the insured. These policies are recorded on the Consolidated Balance Sheets at their net cash surrender value. Changes in the net cash surrender value are recognized in Bank Owned Life Insurance in the Consolidated Statements of Income. |
Premises and Equipment | Premises and Equipment: Land is stated at cost. The remaining items included within premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the assets. Depreciation of leasehold improvements is computed using the straight-line method over the lesser of the term of the respective lease or the estimated useful life of the respective asset. Maintenance and repairs are charged to expense as incurred, while improvements that extend the useful life of premises and equipment are capitalized and depreciated over the estimated remaining life of the asset. |
Other Real Estate Owned | Other Real Estate Owned: Other real estate owned ("OREO") is comprised principally of commercial and residential real estate properties obtained in partial or total satisfaction of loan obligations. OREO acquired in settlement of indebtedness is included in Other Assets at fair value less estimated selling costs. Changes to the value subsequent to transfer are recorded in non-interest expense, along with direct operating expenses. Gains or losses not previously recognized from sales of OREO are recognized in non-interest expense on the date of the sale. Physical possession of property collateralizing a loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. As of December 31, 2023 and 2022, the amount of OREO included in Other Assets was $0.7 million and $0.9 million, respectively. |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets: Goodwill is the excess of the cost of an acquisition over the fair value of tangible and intangible assets acquired. Goodwill is not amortized. Intangible assets represent purchased assets that also lack physical substance, but can be separately distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. Intangible assets with determinable useful lives, such as core deposits, are amortized over their estimated useful lives. The Company performs an annual review for impairment in the recorded value of goodwill and indefinite lived intangible assets. Goodwill is tested for impairment between the annual tests if an event occurs or circumstances change that more than likely reduce the fair value of a reporting unit below its carrying value. An indefinite-lived intangible asset is tested for impairment between the annual tests if an event occurs or circumstances change indicating that the asset might be impaired. |
Securities Sold Under Agreements to Repurchase | Securities Sold Under Agreements to Repurchase: Securities sold under agreements to repurchase are accounted for as collateralized financing transactions and are recorded at the amounts at which the securities were sold plus accrued interest. Securities sold primarily consists of U.S. government, federal agency, and municipal securities pledged as collateral under these financing arrangements and cannot be repledged or sold, unless replaced by the secured party. |
Derivative Financial Instruments | Derivative Financial Instruments: |
Trust Assets | Trust Assets: Assets held in a fiduciary or agency capacity for customers are not included in the accompanying financial statements since such items are not assets of the Company. |
Income Taxes | Income Taxes: The consolidated provision for income taxes is based upon reported income and expense. Deferred income taxes are provided for temporary differences between financial reporting and tax bases of assets and liabilities, computed using enacted tax rates. The income tax effects related to settlements of share-based compensation awards are reported in earnings as an increase (or decrease) to income tax expense. The Company files a consolidated income tax return. The respective subsidiaries generally provide for income taxes on a separate return basis and remit amounts determined to be currently payable to the Parent Company. The Company and its subsidiaries are subject to examinations and challenges from federal and state taxing authorities regarding positions taken in returns. Uncertain tax positions are initially recognized in the consolidated financial statements when it is more likely than not the position will be sustained upon examination. These positions are initially and subsequently measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the taxing authority and assuming full knowledge of the position and all relevant facts by the taxing authority. The Company invests in certain limited partnerships that operate qualified low-income housing tax credit developments. The tax credits are reflected in the Consolidated Statements of Income as a reduction in income tax expense. The unamortized amount of the investments is recorded within Other Assets within the Consolidated Balance Sheets. The Company’s investments in affordable housing limited partnerships |
Advertising Costs | Advertising Costs: Advertising costs are expensed as incurred. |
Stock-Based Compensation | Stock-Based Compensation: Compensation expense related to stock options and restricted stock awards issued to employees is based upon the fair value of the award at the date of grant. The fair value of restricted stock awards is based upon the stock price at the date of grant. Compensation expense is recognized on a straight line basis over the vesting period for options and the respective period for stock awards. |
Basic and Diluted Earnings per Common Share | Basic and Diluted Earnings per Common Share: Basic earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding, excluding participating securities. Diluted earnings per share is computed by dividing net income by the weighted-average number of shares outstanding, excluding participating securities, increased by the number of shares of common stock which would be issued assuming the exercise of stock options and other common stock equivalents. |
Accounting Changes and Error Co
Accounting Changes and Error Corrections (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Changes and Error Corrections [Abstract] | |
New Accounting Pronouncements, Policy | Recently Adopted In October 2018, the FASB issued ASU No. 2018-16, "Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes." This amendment permits the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815 in addition to the UST, the LIBOR swap rate, the OIS rate based on the Federal Funds Effective Rate, and the SIFMA Municipal Swap Rate. This ASU became effective for the Company on January 1, 2019 with anticipation the LIBOR index would be phased out by the end of 2021. In March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This amendment provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform and is effective as of March 12, 2020 through December 31, 2022. In January 2021, the FASB issued ASU No. 2021-01, "Reference Rate Reform (Topic 848): Scope," which clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. In December 2022, the FASB issued ASU No. 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848," which defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The adoption of ASU No. 2020-04 did not have a material impact on the Company's financial statements. In March 2022, the FASB issued ASU No. 2022-01, "Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method." The amendments in this update allow nonprepayable financial assets to be included in a closed portfolio hedged using the portfolio layer method. This expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and nonprepayable financial assets, thereby allowing consistent accounting for similar hedges. This ASU became effective for the Company on January 1, 2023. The adoption of ASU No. 2022-01 did not have a material impact on the Company's financial statements. In March 2022, the FASB issued ASU No. 2022-02, "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." The amendments in this update eliminate the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by creditors, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. The amendments in this update also require that an entity disclose current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost. This ASU became effective for the Company on January 1, 2023. The Company adopted ASU No. 2022-02 using the modified retrospective method, which resulted in a $0.2 million adjustment to shareholders' equity and the allowance for credit losses. See Note Si x for additional information. In July 2023, the FASB issued ASU No. 2023- 03, " Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock." ASU 2023- 03 amends various SEC paragraphs within the Codification to conform to past SEC staff announcements and guidance issued by the SEC, including Staff Accounting Bulletin No. 120. These updates were immediately effective and did not have a material impact on the Company's financial statements. In October 2023, the FASB issued ASU No. 2023-06,“ Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. ” The amendments eliminate outdated or duplicative SEC disclosure requirements. These updates were immediately effective and did not have a material impact on the Company's financial statements. Pending Adoption In June 2022, the FASB issued ASU 2022-03, " Fair Value Measurement Topic 820: Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ." The FASB issued this ASU to (1) clarify the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, (2) amend a related illustrative example, and (3) introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments in this ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The amendments in this ASU also require the following disclosures for equity securities subject to contractual sale restrictions: (1) the fair value of equity securities subject to contractual sale restrictions reflected in the balance sheet; (2) the nature and remaining duration of the restriction(s); and (3) the circumstances that could cause a lapse in the restriction(s). This ASU will become effective for the Company on January 1, 2024. The adoption of ASU No. 2022-03 is not expected to have a material impact to the Company's financial statements. In March 2023, the FASB issued ASU No. 2023-02, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures using the Proportional Amortization Method." The amendments in this update permit reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. This ASU will become effective for the Company on January 1, 2024. The adoption of ASU No. 2023-02 is not expected to have a material impact on the Company's financial statements. In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" . The amendment requires companies to disclose significant segment expenses that are regularly provided to the chief operating decision maker. This ASU will become effective for the Company on January 1, 2024. The adoption of ASU No. 2023-07 is not expected to have a material impact on the Company's financial statements. In December 2023, the FASB issued ASU No. 2023-09, " Income Taxes (Topic 740): Improvements to Income Tax Disclosures" |
Contracts With Customers (Polic
Contracts With Customers (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Revenue Recognition, Fees and Commissions, Depositor Accounts | Service Charges: Service charges consist of service charges on deposit accounts (monthly service fees, account analysis fees, non-sufficient funds ("NSF") fees and other deposit account related fees). For transaction-based fees, the Company's performance obligation is generally satisfied, and the related revenue recognized, at a point in time. For non-transaction-based fees, the Company's performance obligation is generally satisfied, and the related revenue recognized, over the period in which the service is provided (typically a month). Generally, payments are received immediately through a direct charge to the customer's account. |
Revenue Recognition, Fees and Commissions, Debit Cards | Bankcard Revenue: Bankcard revenue is primarily comprised of debit card income and ATM fees. Debit card income is primarily comprised of interchange fees earned whenever the Company's debit cards are processed through card payment networks such as Mastercard. ATM fees are primarily generated when a non-Company cardholder uses a Company ATM or when a Company cardholder uses a non-Company ATM. The Company's performance obligation for bankcard revenue is generally satisfied, and the related revenue recognized, when the services are rendered. Generally, payments are received immediately or in the following month. |
Revenue Recognition, Fees and Commissions, Fiduciary and Trust Activities | Trust and Investment Management Fee Income: |
Acquisition and Preliminary Pur
Acquisition and Preliminary Purchase Price Allocation (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Business Combination and Asset Acquisition [Abstract] | |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the consideration paid for Citizens and the amounts of the assets acquired and liabilities assumed as of the date of acquisition (in thousands): Consideration: Common stock $ 61,570 Cash 13 61,583 Identifiable assets: Cash and cash equivalents 14,016 Investment securities 41,008 FHLB stock 620 Loans 251,406 Fixed assets 3,237 Bank owned life insurance 2,966 Deferred tax assets, net 1,481 Other assets 5,227 Total identifiable assets 319,961 Identifiable liabilities: Deposits 299,251 Short-term borrowings 6,500 Other liabilities 1,866 Total identifiable liabilities 307,617 Net identifiable assets (liabilities) 12,344 Goodwill 40,961 Core deposit intangible 8,278 $ 61,583 |
Business Combination, Segment Allocation | The following table summarizes adjustments to goodwill subsequent to December 31, 2022 (in thousands): Goodwill Balance at December 31, 2022 $ 108,941 Adjustment to goodwill acquired in conjunction with the acquisition of Citizens 40,961 Balance at December 31, 2023 $ 149,902 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments [Abstract] | |
Investment | December 31, 2023 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: Obligations of states and political subdivisions 228,456 371 16,089 212,738 292,293 346 24,324 268,315 Mortgage-backed securities: U.S. government agencies 1,211,484 2,362 125,753 1,088,093 1,342,666 299 140,686 1,202,279 Private label 6,997 — 293 6,704 7,695 — 464 7,231 Trust preferred securities 4,599 — 321 4,278 4,590 — 762 3,828 Corporate securities 28,009 137 1,822 26,324 26,620 — 2,753 23,867 Total Securities Available-for-Sale $ 1,479,545 $ 2,870 $ 144,278 $ 1,338,137 $ 1,673,864 $ 645 $ 168,989 $ 1,505,520 |
Gross Unrealized Losses And Fair Value Of Investments | The following table shows the gross unrealized losses and fair value of the Company’s investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands): December 31, 2023 Less Than Twelve Months Twelve Months or Greater Total Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Securities available-for-sale: Obligations of states and political subdivisions $ 7,591 $ 66 $ 180,560 $ 16,023 $ 188,151 $ 16,089 Mortgage-backed securities: U.S. Government agencies 2,046 10,271 741,011 115,482 743,057 125,753 Private Label — — 4,738 293 4,738 293 Trust preferred securities — — 4,278 321 4,278 321 Corporate securities — — 24,609 1,822 24,609 1,822 Total available-for-sale $ 9,637 $ 10,337 $ 955,196 $ 133,941 $ 964,833 $ 144,278 December 31, 2022 Less Than Twelve Months Twelve Months or Greater Total Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Securities available-for-sale: Obligations of states and political subdivisions $ 203,173 $ 21,929 $ 13,359 $ 2,395 $ 216,532 $ 24,324 Mortgage-backed securities: U.S. Government agencies 533,611 50,268 376,778 90,418 910,389 140,686 Private Label 7,126 464 — — 7,126 464 Trust preferred securities — — 3,828 762 3,828 762 Corporate securities 22,972 2,648 895 105 23,867 2,753 Total available-for-sale $ 766,882 $ 75,309 $ 394,860 $ 93,680 $ 1,161,742 $ 168,989 |
Amortized Cost And Estimated Fair Value Of Debt Securities By Contractual Maturity | The amortized cost and estimated fair value of debt securities at December 31, 2023, by contractual maturity, is shown in the following table (in thousands). Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. Mortgage-backed securities have been allocated to their respective maturity groupings based on their contractual maturity. Cost Estimated Fair Value Securities Available-for-Sale Due in one year or less $ 2,965 $ 2,923 Due after one year through five years 85,102 81,176 Due after five years through ten years 434,093 404,955 Due after ten years 957,385 849,083 $ 1,479,545 $ 1,338,137 |
Gross Gains And Losses Realized | For the year ended December 31, 2023 2022 2021 Proceeds on sales of available for sale securities $ 205,627 $ — $ — Gross unrealized gains recognized on equity securities still held $ 769 $ 38 $ 547 Gross unrealized losses recognized on equity securities still held (337) (1,623) (43) Net unrealized (losses) gains recognized on equity securities still held $ 432 $ (1,585) $ 504 Gross realized gains $ 996 $ 4 $ 312 Gross realized losses (5,904) — — Net realized investment security (losses) gains $ (4,908) $ 4 $ 312 |
Loans (Tables)
Loans (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Summary Of Major Classifications For Loans | The following summarizes the Company’s major classifications for loans (in thousands): December 31, 2023 December 31, 2022 Commercial and industrial $ 426,951 $ 373,890 1-4 Family 206,237 116,192 Hotels 357,142 340,404 Multi-family 189,165 174,786 Non Residential Non-Owner Occupied 680,590 585,964 Non Residential Owner Occupied 240,328 174,961 Commercial real estate 1,673,462 1,392,307 Residential real estate 1,788,149 1,693,523 Home equity 167,201 134,317 Consumer 65,246 48,806 DDA overdrafts 4,914 3,415 Gross loans 4,125,923 3,646,258 Allowance for credit losses (22,745) (17,108) Net loans $ 4,103,178 $ 3,629,150 Construction loans included in: Residential real estate $ 23,066 $ 21,122 Commercial real estate 2,459 4,130 |
Allowance For Loan Losses (Tabl
Allowance For Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Receivables [Abstract] | |
Schedule Of Allowance For Loan Loss By Portfolio Segment | The following table summarizes the activity in the allowance for credit losses, by portfolio loan classification, for the years ended December 31, 2023, 2022 and 2021 (in thousands). The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments. Beginning Balance Impact of Adopting ASU 2022-02 PCD Loan Reserves Charge-offs Recoveries Provision for (recovery of) credit losses Ending Balance December 31, 2023 Commercial and industrial $ 3,568 12 — $ (153) $ 836 $ 211 $ 4,474 1-4 Family 566 (1) — (340) 50 1,127 1,402 Hotels 2,332 — — (40) — (81) 2,211 Multi-family 380 — 500 — — 122 1,002 Non Residential Non-Owner Occupied 2,019 — 1,536 — 171 351 4,077 Non Residential Owner Occupied 1,315 — 775 — 56 307 2,453 Commercial real estate 6,612 (1) 2,811 (380) 277 1,826 11,145 Residential real estate 5,427 (138) — (209) 47 271 5,398 Home equity 290 (46) — (400) 47 599 490 Consumer 110 (2) — (187) 123 225 269 DDA overdrafts 1,101 — — (1,645) 1,402 111 969 $ 17,108 $ (175) $ 2,811 $ (2,974) $ 2,732 $ 3,243 $ 22,745 December 31, 2022 Commercial and industrial $ 3,480 $ — $ — $ (562) $ 334 $ 316 $ 3,568 1-4 Family 598 — — (55) 160 (137) 566 Hotels 2,426 — — — — (94) 2,332 Multi-family 483 — — — — (103) 380 Non Residential Non-Owner Occupied 2,319 — — — 47 (347) 2,019 Non Residential Owner Occupied 1,485 — — — — (170) 1,315 Commercial real estate 7,311 — — (55) 207 (851) 6,612 Residential real estate 5,716 — — (265) 99 (123) 5,427 Home equity 517 — — (279) 56 (4) 290 Consumer 106 — — (63) 107 (40) 110 DDA Overdrafts 1,036 — — (2,624) 1,513 1,176 1,101 $ 18,166 $ — $ — $ (3,848) $ 2,316 $ 474 $ 17,108 Beginning Balance Impact of Adopting ASU 2022-02 PCD Loan Reserves Charge-offs Recoveries Provision for (recovery of) credit losses Ending Balance December 31, 2021 Commercial and industrial 3,644 $ — $ — (245) 171 (90) 3,480 1-4 Family 771 — — (311) 125 13 598 Hotels 4,088 — — (2,075) — 413 2,426 Multi-family 674 — — — — (191) 483 Non Residential Non-Owner Occupied 3,223 — — (1) 45 (948) 2,319 Non Residential Owner Occupied 2,241 — — — 54 (810) 1,485 Commercial real estate 10,997 — — (2,387) 224 (1,523) 7,311 Residential real estate 8,093 — — (265) 127 (2,239) 5,716 Home equity 630 — — (177) 90 (26) 517 Consumer 163 — — (242) 255 (70) 106 DDA Overdrafts 1,022 — — (2,151) 1,382 783 1,036 $ 24,549 $ — $ — $ (5,467) $ 2,249 $ (3,165) $ 18,166 |
Financing Receivable, Nonaccrual | The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of December 31, 2023 (in thousands): Non-accrual With No Non-accrual With Loans Past Due Allowance for Allowance for Over 90 Days Credit Losses Credit Losses Still Accruing Commercial & Industrial $ 1,000 $ 1,211 $ — 1-4 Family — 521 — Hotels — — — Multi-family — — — Non Residential Non-Owner Occupied — 446 — Non Residential Owner Occupied — 1,420 — Commercial Real Estate — 2,387 — Residential Real Estate — 2,849 214 Home Equity — 111 56 Consumer — — — Total $ 1,000 $ 6,558 $ 270 The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of December 31, 2022 (in thousands): Non-accrual With No Non-accrual With Loans Past Due Allowance for Allowance for Over 90 Days Credit Losses Credit Losses Still Accruing Commercial & Industrial $ — $ 1,015 $ — 1-4 Family — 937 — Hotels — 115 — Multi-family — — — Non Residential Non-Owner Occupied — 816 — Non Residential Owner Occupied — 298 — Commercial Real Estate — 2,166 — Residential Real Estate 228 1,741 164 Home Equity — 55 — Consumer — — 23 Total $ 228 $ 4,977 $ 187 |
Schedule Of Aging Analysis Of Accruing And Non-Accruing Loans | The following presents the aging of the amortized cost basis in past-due loans as of December 31, 2023 and 2022 by class of loan (in thousands): December 31, 2023 30-59 60-89 90+ Total Current Non-accrual Total Commercial and industrial $ 185 $ 250 $ — $ 435 $ 424,305 $ 2,211 $ 426,951 1-4 Family 67 25 — 92 205,624 521 206,237 Hotels — — — — 357,142 — 357,142 Multi-family — — — — 189,165 — 189,165 Non Residential Non-Owner — — — — 680,144 446 680,590 Non Residential Owner Occupied 623 — — 623 238,285 1,420 240,328 Commercial real estate 690 25 — 715 1,670,360 2,387 1,673,462 Residential real estate 7,034 811 214 8,059 1,777,241 2,849 1,788,149 Home equity 1,020 159 56 1,235 165,855 111 167,201 Consumer 129 — — 129 65,117 — 65,246 Overdrafts 355 9 — 364 4,550 — 4,914 Total $ 9,413 $ 1,254 $ 270 $ 10,937 $ 4,107,428 $ 7,558 $ 4,125,923 December 31, 2022 30-59 60-89 90+ Total Current Non-accrual Total Commercial and industrial $ 201 $ 33 $ — $ 234 $ 372,641 $ 1,015 $ 373,890 1-4 Family 17 — — 17 115,238 937 116,192 Hotels — — — — 340,289 115 340,404 Multi-family — — — — 174,786 — 174,786 Non Residential Non-Owner — — — — 585,148 816 585,964 Non Residential Owner Occupied 505 188 — 693 173,970 298 174,961 Commercial real estate 522 188 — 710 1,389,431 2,166 1,392,307 Residential real estate 6,843 84 164 7,091 1,684,463 1,969 1,693,523 Home equity 622 28 — 650 133,612 55 134,317 Consumer 52 25 23 100 48,706 — 48,806 Overdrafts 386 5 — 391 3,024 — 3,415 Total $ 8,626 $ 363 $ 187 $ 9,176 $ 3,631,877 $ 5,205 $ 3,646,258 |
Schedule Of Credit Quality Indicators | Based on the most recent analysis performed, the risk category of loans by class of loans at December 31, 2023 is as follows (in thousands ) with the loans acquired from Citizens categorized by their origination date. Retail and mortgage loans are considered performing if they are less than 90 days delinquent and non-performing if they are 90 days or more delinquent. Revolving Term Loans Loans Amortized Cost Basis by Origination Year and Risk Level Amortized 2023 2022 2021 2020 2019 Prior Cost Basis Total Commercial and industrial Pass $ 70,494 $ 47,473 $ 76,605 $ 47,688 $ 21,820 $ 18,328 $ 111,546 $ 393,954 Special mention — 33 — 2,600 22 — 70 2,725 Substandard 379 2,748 854 775 923 1,538 23,055 30,272 Total $ 70,873 $ 50,254 $ 77,459 $ 51,063 $ 22,765 $ 19,866 $ 134,671 $ 426,951 YTD Gross Charge-offs $ 84 $ — $ 33 $ — $ — $ — $ 36 $ 153 Commercial real estate - 1-4 Family Pass $ 38,143 $ 53,907 $ 32,058 $ 21,363 $ 12,073 $ 29,846 $ 13,967 $ 201,357 Special mention 565 451 — 1,167 — 730 250 3,163 Substandard — 77 — 250 131 1,259 — 1,717 Total $ 38,708 $ 54,435 $ 32,058 $ 22,780 $ 12,204 $ 31,835 $ 14,217 $ 206,237 YTD Gross Charge-offs $ — $ — $ 5 $ — $ — $ 335 $ — $ 340 Commercial real estate - Hotels Pass $ 47,739 $ 82,200 $ 33,560 $ 3,327 $ 58,384 $ 101,740 $ 305 $ 327,255 Special mention — — — — — — — — Substandard — — — 4,020 23,604 2,263 — 29,887 Total $ 47,739 $ 82,200 $ 33,560 $ 7,347 $ 81,988 $ 104,003 $ 305 $ 357,142 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ 40 $ — $ 40 Commercial real estate - Multi-family Pass $ 6,925 $ 21,320 $ 28,268 $ 63,750 $ 38,007 $ 29,814 $ 1,081 $ 189,165 Special mention — — — — — — — — Substandard — — — — — — — — Total $ 6,925 $ 21,320 $ 28,268 $ 63,750 $ 38,007 $ 29,814 $ 1,081 $ 189,165 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Revolving Term Loans Loans Amortized Cost Basis by Origination Year and Risk Level Amortized 2023 2022 2021 2020 2019 Prior Cost Basis Total Commercial real estate - Non Residential Non-Owner Occupied Pass $ 117,515 $ 119,382 $ 99,210 $ 59,083 $ 64,332 $ 156,941 $ 32,111 $ 648,574 Special mention — — 102 731 165 24,747 — 25,745 Substandard — — 145 2,395 79 3,652 — 6,271 Total $ 117,515 $ 119,382 $ 99,457 $ 62,209 $ 64,576 $ 185,340 $ 32,111 $ 680,590 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - Non Residential Owner Occupied Pass $ 41,481 $ 34,320 $ 42,203 $ 16,990 $ 21,772 $ 52,363 $ 6,060 $ 215,189 Special mention — — 164 — 2,880 431 188 3,663 Substandard 3,957 909 2,010 1,212 1,335 11,792 261 21,476 Total $ 45,438 $ 35,229 $ 44,377 $ 18,202 $ 25,987 $ 64,586 $ 6,509 $ 240,328 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - Total Pass $ 251,802 $ 311,129 $ 235,298 $ 164,514 $ 194,569 $ 370,704 $ 53,522 $ 1,581,538 Special mention 565 451 266 1,898 3,045 25,909 438 32,572 Substandard 3,957 986 2,155 7,877 25,148 18,968 261 59,352 Total $ 256,324 $ 312,566 $ 237,719 $ 174,289 $ 222,762 $ 415,581 $ 54,221 $ 1,673,462 YTD Gross Charge-offs $ — $ — $ 5 $ — $ — $ 375 $ — $ 380 Residential real estate Performing $ 234,802 $ 392,865 $ 314,617 $ 250,030 $ 109,736 $ 410,925 $ 72,324 $ 1,785,299 Non-performing 161 119 183 26 713 1,349 299 2,850 Total $ 234,963 $ 392,984 $ 314,800 $ 250,056 $ 110,449 $ 412,274 $ 72,623 $ 1,788,149 YTD Gross Charge-offs $ — $ — $ — $ — $ 31 $ 172 $ 6 $ 209 Home equity Performing $ 29,611 $ 13,921 $ 6,218 $ 3,826 $ 2,510 $ 5,108 $ 105,896 $ 167,090 Non-performing — — — 14 — — 97 111 Total $ 29,611 $ 13,921 $ 6,218 $ 3,840 $ 2,510 $ 5,108 $ 105,993 $ 167,201 YTD Gross Charge-offs $ — $ 95 $ — $ — $ — $ 122 $ 183 $ 400 Consumer Performing $ 33,700 $ 18,293 $ 4,531 $ 3,148 $ 2,120 $ 1,645 $ 1,809 $ 65,246 Non-performing — — — — — — — — Total $ 33,700 $ 18,293 $ 4,531 $ 3,148 $ 2,120 $ 1,645 $ 1,809 $ 65,246 YTD Gross Charge-offs $ — $ — $ 77 $ — $ 6 $ 98 $ 6 $ 187 Based on the most recent analysis performed, the risk category of loans by class of loans at December 31, 2022 is as follows (in thousands): Revolving Term Loans Loans Amortized Cost Basis by Origination Year and Risk Level Amortized 2022 2021 2020 2019 2018 Prior Cost Basis Total Commercial and industrial Pass $ 51,268 $ 91,097 $ 60,251 $ 26,356 $ 19,497 $ 6,917 $ 109,645 $ 365,031 Special mention — — 392 9 — 19 3,245 3,665 Substandard 955 203 1,025 1,175 224 1,533 79 5,194 Total $ 52,223 $ 91,300 $ 61,668 $ 27,540 $ 19,721 $ 8,469 $ 112,969 $ 373,890 Commercial real estate - 1-4 Family Pass $ 31,331 $ 21,640 $ 12,565 $ 8,609 $ 4,826 $ 22,949 $ 11,107 $ 113,027 Special mention 228 — 115 — — 836 — 1,179 Substandard 83 — 264 56 — 1,583 — 1,986 Total $ 31,642 $ 21,640 $ 12,944 $ 8,665 $ 4,826 $ 25,368 $ 11,107 $ 116,192 Commercial real estate - Hotels Pass $ 85,590 $ 35,849 $ 12,275 $ 60,429 $ 14,921 $ 90,686 $ 323 $ 300,073 Special mention — — — — — — — $ — Substandard — — 3,593 24,229 — 12,509 — 40,331 Total $ 85,590 $ 35,849 $ 15,868 $ 84,658 $ 14,921 $ 103,195 $ 323 $ 340,404 Commercial real estate - Multi-family Pass $ 13,761 $ 21,312 $ 65,542 $ 37,698 $ 2,189 $ 33,560 $ 724 $ 174,786 Special mention — — — — — — — — Substandard — — — — — — — — Total $ 13,761 $ 21,312 $ 65,542 $ 37,698 $ 2,189 $ 33,560 $ 724 $ 174,786 Revolving Term Loans Loans Amortized Cost Basis by Origination Year and Risk Level Amortized 2022 2021 2020 2019 2018 Prior Cost Basis Total Commercial real estate - Non Residential Non-Owner Occupied Pass $ 110,501 $ 108,290 $ 89,943 $ 68,027 $ 87,413 $ 113,287 $ 2,781 $ 580,242 Special mention — 110 170 176 — — — 456 Substandard — 601 — 1,330 2,089 1,244 2 5,266 Total $ 110,501 $ 109,001 $ 90,113 $ 69,533 $ 89,502 $ 114,531 $ 2,783 $ 585,964 Commercial real estate - Non Residential Owner Occupied Pass $ 21,782 $ 36,186 $ 17,216 $ 22,274 $ 17,622 $ 39,861 $ 3,238 $ 158,179 Special mention — — — 329 — 493 113 935 Substandard 943 193 110 2,479 772 10,350 1,000 15,847 Total $ 22,725 $ 36,379 $ 17,326 $ 25,082 $ 18,394 $ 50,704 $ 4,351 $ 174,961 Commercial real estate - Total Pass $ 262,965 $ 223,277 $ 197,541 $ 197,037 $ 126,971 $ 300,343 $ 18,173 $ 1,326,307 Special mention 228 110 285 505 — 1,329 113 2,570 Substandard 1,026 794 3,967 28,094 2,861 25,686 1,002 63,430 Total $ 264,219 $ 224,181 $ 201,793 $ 225,636 $ 129,832 $ 327,358 $ 19,288 $ 1,392,307 Residential real estate Performing $ 405,059 $ 336,462 $ 270,197 $ 122,559 $ 86,317 $ 382,652 $ 88,308 $ 1,691,554 Non-performing — 207 — 755 79 738 190 1,969 Total $ 405,059 $ 336,669 $ 270,197 $ 123,314 $ 86,396 $ 383,390 $ 88,498 $ 1,693,523 Home equity Performing $ 16,670 $ 7,394 $ 5,000 $ 3,035 $ 1,823 $ 5,116 $ 95,224 $ 134,262 Non-performing — — — — — — 55 55 Total $ 16,670 $ 7,394 $ 5,000 $ 3,035 $ 1,823 $ 5,116 $ 95,279 $ 134,317 Consumer Performing $ 25,296 $ 7,954 $ 5,482 $ 4,299 $ 2,246 $ 2,064 $ 1,465 $ 48,806 Non-performing — — — — — — — — Total $ 25,296 $ 7,954 $ 5,482 $ 4,299 $ 2,246 $ 2,064 $ 1,465 $ 48,806 |
Premises And Equipment (Tables)
Premises And Equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Summary Of Premises And Equipment | A summary of premises and equipment and related accumulated depreciation is summarized as follows (in thousands): Estimated Useful Life 2023 2022 Land $ 35,135 $ 34,325 Buildings and improvements 10 to 30 yrs. 101,279 98,275 Equipment 3 to 7 yrs. 45,773 44,291 182,187 176,891 Less: accumulated depreciation (110,041) (106,105) $ 72,146 $ 70,786 |
Goodwill And Other Intangible A
Goodwill And Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule Of Core Deposit Intangibles | The Company believes that the customer relationships with the deposits acquired have an intangible value. In connection with acquisitions, the Company recorded a core deposit intangible, which represented the value that the acquiree had with their deposit customers. The fair value was estimated based on a discounted cash flow methodology that considered the type of deposit, estimated deposit retention, the cost of the deposit base and an alternate cost of funds. The following tables present the details of the Company's core deposit intangibles (in thousands): 2023 2022 Gross carrying amount $ 29,462 $ 21,190 Accumulated amortization (16,796) (14,397) $ 12,666 $ 6,793 Beginning balance $ 6,793 $ 8,179 Core deposit intangible acquired in conjunction with the acquisition of Citizens Commerce 8,272 — Amortization expense (2,399) (1,386) Ending balance $ 12,666 $ 6,793 |
Schedule of Estimated Future Amortization Expense for Core Deposits | The estimated amortization expense for core deposit intangible assets for each of the next five years is as follows (in thousands): 2024 $ 2,384 2025 2,172 2026 1,953 2027 1,855 2028 1,713 Thereafter 2,589 $ 12,666 |
Schedule of Goodwill | The following table presents a roll forward of the Company's goodwill activity (in thousands): 2023 2022 Beginning balance $ 108,941 $ 108,941 Goodwill acquired in conjunction with the acquisition of Citizens Commerce (preliminary) 40,961 — Ending balance $ 149,902 $ 108,941 |
Scheduled Maturities Of Time _2
Scheduled Maturities Of Time Deposits (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Maturities of Time Deposits [Abstract] | |
Scheduled Maturities Of Time Deposits | Scheduled maturities of the Company's time deposits outstanding at December 31, 2023 are summarized as follows (in thousands): 2024 $ 778,567 2025 209,160 2026 23,849 2027 17,768 2028 11,439 Over five years 207 $ 1,040,990 |
Short-Term Debt (Tables)
Short-Term Debt (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Short-Term Debt [Abstract] | |
Summary Of Short-Term Borrowings | A summary of the Company's borrowings is as follows (dollars in thousands): 2023 2022 2021 Balance at end of year: Securities sold under agreements to repurchase $ 309,856 $ 290,964 $ 312,458 FHLB short-term advances 25,000 — — Weighted-average interest rate at end of year: Securities sold under agreements to repurchase 3.86 % 0.76 % 0.16 % FHLB short-term advances 5.63 — — Average balance outstanding during the year: Securities sold under agreements to repurchase $ 289,480 $ 284,570 $ 289,413 FHLB short-term advances 847 3 — Federal Funds purchased 113 38 — Weighted-average interest rate during the year: Securities sold under agreements to repurchase 4.13 % 0.78 % 0.16 % FHLB short-term advances 5.76 0.26 N/A Federal Funds purchased 5.74 0.25 1.46 |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Fair Value Of Derivative Instruments | The following table summarizes the notional and fair value of these derivative instruments (in thousands) which are included within "other assets" and "other liabilities" in the accompanying consolidated balance sheets: December 31, 2023 December 31, 2022 Notional Amount Fair Value Notional Amount Fair Value Non-hedging interest rate derivatives: Customer counterparties: Loan interest rate swap - assets $ 61,242 $ 2,176 $ 28,238 $ 1,298 Loan interest rate swap - liabilities 555,693 46,402 619,150 63,758 Non-hedging interest rate derivatives: Financial institution counterparties: Loan interest rate swap - assets 573,693 47,555 637,150 65,217 Loan interest rate swap - liabilities 61,242 2,176 28,238 1,298 |
Change In Fair Value Of Derivative Instruments | The following table summarizes the change in fair value of these derivative instruments (in thousands): Year Ended December 31, 2023 2022 2021 Change in Fair Value Non-Hedging Interest Rate Derivatives: Other income - derivative assets $ (14,016) $ 37,537 $ (26,483) Other income - derivative liabilities 14,016 (37,537) 26,483 Other expense - derivative liabilities (306) 1,219 487 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Summary Of Deferred Tax Assets And Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands): 2023 2022 Allowance for credit losses $ 4,553 $ 4,102 Deferred compensation payable 3,336 3,279 Accrued expenses 2,575 1,265 Unrealized securities losses 33,524 40,380 Other 8,602 6,012 Total Deferred Tax Assets 52,590 55,038 Goodwill and other intangible assets 4,180 4,284 Other 6,194 5,870 Total Deferred Tax Liabilities 10,374 10,154 Net Deferred Tax Assets/(Liabilities) $ 42,216 $ 44,884 |
Summary Of Income Tax Expense | Significant components of the provision for income taxes are as follows (in thousands): 2023 2022 2021 Current: Federal $ 27,156 $ 20,481 $ 17,248 State 4,349 3,313 3,681 Total current tax expense 31,505 23,794 20,929 Total deferred tax expense (2,764) 1,469 2,185 Income tax expense $ 28,741 $ 25,263 $ 23,114 |
Reconciliation Of The Significant Differences Between The Federal Statutory Income Tax Rate And Effective Income Tax Rate | A reconciliation of the significant differences between the federal statutory income tax rate and the Company’s effective income tax rate is as follows (in thousands): 2023 2022 2021 Computed federal taxes at statutory rate $ 30,052 $ 26,740 $ 23,351 State income taxes, net of federal tax benefit 3,225 2,871 3,124 Tax effects of: Tax-exempt interest income (925) (1,142) (1,177) Bank-owned life insurance (1,268) (1,167) (818) Income tax credits (2,747) (1,904) (1,449) Other items, net 404 (135) 83 Income tax expense $ 28,741 $ 25,263 $ 23,114 Effective tax rate 20.1 % 19.8 % 20.8 % |
Reconciliation Of The Unrecognized Tax Benefits Rollforward | A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows (in thousands): 2023 2022 Beginning balance $ 1,619 $ 1,846 Additions for current year tax positions 230 351 Decreases for prior year tax positions (44) (17) Decreases related to lapse of applicable statute of limitation (549) (561) Ending balance $ 1,256 $ 1,619 |
Employee Benefit Plans (Tables)
Employee Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Multiemployer Plans [Line Items] | |
Summary Of Stock Option Activity | During the year ended December 31, 2023, no stock options were exercised. The Company had 11,586 outstanding and exercisable options issued as of December 31, 2023 at a weighted average exercise price of $62.83 per share. All previously issued stock options granted under the 2013 Plan that was replaced by the 2023 Plan were fully vested prior to December 31, 2022. |
Restricted Shares Activity And Related Information | A summary of the Company’s restricted shares activity and related information is presented below: 2023 2022 2021 Restricted Awards Average Market Price at Grant Restricted Awards Average Market Price at Grant Restricted Awards Average Market Price at Grant Outstanding at January 1 140,606 146,755 158,554 Granted 35,358 $ 91.46 33,327 $ 77.21 34,762 $ 76.38 Forfeited/Vested (57,328) (39,476) (46,561) Outstanding at December 31 118,636 140,606 146,755 Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands): For the year ended December 31, 2023 2022 2021 Stock-based compensation expense associated with restricted shares, RSUs and $ 3,047 $ 2,817 $ 2,949 At period-end: 2023 Unrecognized stock-based compensation expense $ 4,912 Weighted average period in which the above amount is expected to be recognized 3.0 years |
Summary of 401k Activity [Table Text Block] | 401(k) Plan The Company provides retirement benefits to its employees through matching contributions to the City Holding Company 401(k) Plan and Trust (the "401(k) Plan"), which is intended to be compliant with Employee Retirement Income Security Act (ERISA) section 404(c). Information regarding the Company’s 401(k) Plan is provided in the following table (dollars in thousands): For the year ended December 31, 2023 2022 2021 Expense associated with the Company's 401(k) Plan $ 1,246 $ 1,138 $ 1,075 At period-end: Number of shares of the Company's common stock held by the 401(k) Plan 165,489 168,332 178,936 |
Summary Of Activity Within The Defined Benefit Plan | The following table summarizes activity within the Company's Defined Benefit Plan (dollars in thousands): Pension Benefits 2023 2022 Change in fair value of plan assets: Fair value at beginning of measurement period $ 11,460 $ 14,704 Actual (loss) gain on plan assets 1,839 (2,253) Benefits paid (948) (991) Fair value at end of measurement period 12,351 11,460 Change in benefit obligation: Benefit obligation at beginning of measurement period (11,229) (14,295) Interest cost (549) (362) Actuarial (loss) gain (43) (260) Assumption changes (178) 2,697 Benefits paid 948 991 Benefit obligation at end of measurement period (11,051) (11,229) Funded status $ 1,300 $ 231 Weighted-average assumptions for benefit obligation: Discount rate 4.93 % 5.14 % Expected long-term rate of return 6.75 % 6.75 % Weighted-average assumptions for net periodic pension cost: Discount rate 5.14 % 2.63 % Expected long-term rate of return 6.75 % 6.75 % |
Net Periodic Pension Cost Of The Defined Benefit Plan | The following table presents the components of the net periodic pension cost of the Company's Defined Benefit Plan, which is recognized in Other Expenses in the Consolidated Statements of Income (in thousands). Since the Company's Defined Benefit Plan is frozen, there is no service cost component. 2023 2022 2021 Interest cost $ 549 $ 362 $ 331 Expected return on plan assets (840) (886) (884) Net amortization and deferral 343 780 1,122 Net Periodic Pension Cost $ 52 $ 256 $ 569 |
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) | Amounts related to the Company's Defined Benefit Pension Plan recognized as a component of other comprehensive (loss) income were as follows (in thousands): 2023 2022 2021 Net actuarial gain $ 1,121 $ 83 $ 2,848 Deferred tax expense (280) (20) (672) Other comprehensive income, net of tax $ 841 $ 63 $ 2,176 Amounts recognized as a component of accumulated other comprehensive (loss) income as of December 31, 2023 and 2022 were as follows (in thousands): 2023 2022 Net actuarial loss $ 3,398 $ 4,519 Deferred tax benefit (817) (1,097) Amounts included in accumulated other comprehensive (loss) income, net of tax $ 2,581 $ 3,422 |
Summary Of Expected Benefit Payments | The following table summarizes the expected benefits to be paid in each of the next five years and in the aggregate for the five years thereafter (in thousands): Plan Year Ending December 31, Expected Benefits to be Paid 2024 $ 1,014 2025 1,014 2026 998 2027 977 2028 960 2029 through 2033 4,344 |
Summary Of Assets Segregated By Level Of Valuation Inputs Within The Fair Value Hierarchy | The major categories of assets in the Company’s Defined Benefit Plan as of year-end are presented in the following table (in thousands). Assets ar e seg regated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value (See Note Eighteen ). Total Level 1 Level 2 Level 3 2023 Cash and cash equivalents $ 62 $ 62 $ — $ — Common stocks 9,487 9,487 — — Corporate bonds 2,802 — 2,802 — Total $ 12,351 $ 9,549 $ 2,802 $ — 2022 Cash and cash equivalents $ 15 $ 15 $ — $ — Common stocks 8,751 8,751 — — Corporate bonds 2,694 — 2,694 — Total $ 11,460 $ 8,766 $ 2,694 $ — |
Summary of Pentegra Plans | Pentegra Defined Benefit Plan The Company and its subsidiary participate in the Pentegra Defined Benefit Plan for Financial Institutions ("The Pentegra DB Plan"), a tax-qualified defined benefit pension plan. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. There are no collective bargaining agreements in place that require contributions to the Pentegra DB Plan. The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan, contributions made by a participating employer may be used to provide benefits to participants of other participating employers. The funded statuses below are as of July 1, 2023 (the latest available valuation report). It is the policy of the Company to fund the normal cost of the Pentegra DB Plan on an annual basis. Other than for normal plan expenses, no contributions were required for the years ended December 31, 2023, 2022 and 2021. The benefits of the original Pentegra Defined Benefit Plan were frozen prior to the acquisition of Classic Bancshares ("Classic") in 2005, and the benefits of the Poage Pentegra Defined Benefit Plan were frozen prior to the acquisition of Poage in 2018. It is the intention of the Company to fund benefit amounts when assets of the plan are not sufficient. Pentegra DB Plan's Employer Identification Number 13-5645888 Plan Number 333 Funded status for plan inherited with Classic acquisition 88.26% Funded status for plan inherited with Poage acquisition 86.39% |
Summary of Other Post-Retirement Benefits | Other Post-Retirement Benefit Plans Certain entities previously acquired by the Company had entered into individual deferred compensation and supplemental retirement agreements with certain current and former directors and officers. The Company has assumed the liabilities associated with these agreements, the cost of which is being accrued over the period of active service from the date of the respective agreement. To assist in funding these liabilities, the acquired entities had insured the lives of certain current and former directors and officers. The Company is the current owner and beneficiary of those insurance policies. The following table presents a summary of the Company's other post-retirement benefit plans (in thousands). For the year ended December 31 2023 2022 2021 Cost of other post-retirement benefits $ 231 $ 251 $ 277 At period-end: Other post-retirement benefit liability (included in Other Liabilities) 5,175 5,527 5,995 Cash surrender value of insurance policies (included in Other Assets) 4,841 4,787 5,071 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | Principal Principal December 31, 2022 Additions Reductions December 31, 2023 Related Party Loans $ 16,001 $ 133 $ (9,325) $ 6,809 |
Commitments And Contingencies (
Commitments And Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule Of Contractual Obligations From Significant Commitments | The table below presents a summary of the contractual obligations of the Company resulting from significant commitments (in thousands): December 31, 2023 December 31, 2022 Commitments to extend credit: Home equity lines $ 243,893 $ 232,295 Commercial real estate 52,002 53,226 Other commitments 316,200 257,222 Standby letters of credit 4,916 5,205 Commercial letters of credit 6,117 2,006 |
Regulatory Requirements And C_2
Regulatory Requirements And Capital Ratios (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] | |
Schedule Of Capital Amounts And Ratios | December 31, 2023 Actual Minimum Required - Basel III Required to be Considered Well Capitalized Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio CET 1 Capital City Holding Company $ 627,579 15.7 % $ 279,768 7.0 % $ 259,875 6.5 % City National Bank 549,031 13.8 % 278,692 7.0 % 258,785 6.5 % Tier 1 Capital City Holding Company 627,579 15.7 % 339,718 8.5 % 319,735 8.0 % City National Bank 549,031 13.8 % 338,412 8.5 % 318,505 8.0 % Total Capital City Holding Company 648,646 16.2 % 419,652 10.5 % 399,669 10.0 % City National Bank 570,099 14.3 % 418,038 10.5 % 398,131 10.0 % Tier 1 Leverage Ratio City Holding Company 627,579 10.2 % 245,468 4.0 % 306,835 5.0 % City National Bank 549,031 8.9 % 245,587 4.0 % 306,984 5.0 % December 31, 2022: Actual Minimum Required - Basel III Required to be Considered Well Capitalized Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio CET 1 Capital City Holding Company $ 598,068 16.2 % $ 257,965 7.0 % $ 239,538 6.5 % City National Bank 508,586 13.9 % 256,520 7.0 % 238,197 6.5 % Tier 1 Capital City Holding Company 598,068 16.2 % 313,243 8.5 % 294,817 8.0 % City National Bank 508,586 13.9 % 311,488 8.5 % 293,166 8.0 % Total Capital City Holding Company 612,654 16.6 % 386,947 10.5 % 368,521 10.0 % City National Bank 523,172 14.3 % 384,780 10.5 % 366,457 10.0 % Tier 1 Leverage Ratio City Holding Company 598,068 10.0 % 238,954 4.0 % 298,692 5.0 % City National Bank 508,586 8.6 % 237,973 4.0 % 297,466 5.0 % |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis | Total Level 1 Level 2 Level 3 December 31, 2023 Recurring fair value measurements Financial Assets Obligations of states and political subdivisions $ 212,738 $ — $ 212,738 $ — Mortgage-backed securities: U.S. Government agencies 1,088,093 — 1,088,093 — Private label 6,704 — 4,833 1,871 Trust preferred securities 4,278 — 4,278 — Corporate securities 26,324 — 26,324 — Marketable equity securities 7,538 3,093 4,445 — Certificates of deposit held for investment — — — — Derivative assets 60,527 — 60,527 — Financial Liabilities Derivative liabilities 48,578 — 48,578 — Nonrecurring fair value measurements Non-Financial Assets Other real estate owned 731 — — 731 Total Level 1 Level 2 Level 3 December 31, 2022 Recurring fair value measurements Financial Assets Obligations of states and political subdivisions $ 268,315 $ — $ 268,315 $ — Mortgage-backed securities: U.S. Government agencies 1,202,279 — 1,202,279 — Private label 7,231 — 4,772 2,459 Trust preferred securities 3,828 — 3,828 — Corporate securities 23,867 — 23,867 — Marketable equity securities 7,569 3,851 3,718 — Certificates of deposit held for investment 747 — 747 — Derivative assets 81,838 — 81,838 — Financial Liabilities Derivative liabilities 65,056 — 65,056 — Nonrecurring fair value measurements Non-Financial Assets Other real estate owned 909 — — 909 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | Changes in Level 3 Fair Value Measurements The following table presents the changes in Level 3 assets recorded at fair value on a recurring basis during the periods indicated (in thousands): 2023 2022 Beginning balance $ 2,459 $ 3,461 Changes in fair value 95 (183) Changes due to principal reduction (683) (819) Ending balance $ 1,871 $ 2,459 No transfers into or out of Level 3 of the fair value hierarchy occurred during the year ended December 31, 2023 or 2022. |
Schedule Of Estimates Of Fair Value Of Financial Instruments | Carrying Amount Fair Value Level 1 Level 2 Level 3 December 31, 2023 Assets: Cash and cash equivalents $ 156,276 $ 156,276 $ 156,276 $ — $ — Securities available-for-sale 1,338,137 1,338,137 — 1,336,266 1,871 Marketable equity securities 7,538 7,538 3,093 4,445 — Net loans 4,103,178 3,922,638 — — 3,922,638 Accrued interest receivable 20,290 20,290 — 20,290 — Derivative assets 60,527 60,527 — 60,527 — Liabilities: Deposits 4,934,262 4,617,487 3,591,458 1,026,029 — Short-term debt 334,856 334,856 — 334,856 — FHLB long-term advances 100,000 99,928 — 99,928 — Accrued interest payable 4,301 4,301 4,301 — — Derivative liabilities 48,578 48,578 — 48,578 — December 31, 2022 Assets: Cash and cash equivalents $ 200,000 $ 200,000 $ 200,000 $ — $ — Securities available-for-sale 1,505,520 1,505,520 — 1,503,061 2,459 Marketable equity securities 7,569 7,569 3,851 3,718 — Net loans 3,629,150 3,491,318 — — 3,491,318 Accrued interest receivable 18,287 18,287 — 18,287 — Derivative assets 81,838 81,838 — 81,838 — Liabilities: Deposits 4,869,866 4,867,883 3,981,766 886,117 — Short-term debt 290,964 290,964 — 290,964 — Accrued interest payable 953 953 953 — — Derivative liabilities 65,056 65,056 — 65,056 — |
City Holding Company (Parent _2
City Holding Company (Parent Company Only) Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Balance Sheets | The following table presents the condensed balance sheets of City Holding Company, parent company only (in thousands): December 31, 2023 2022 Assets Cash $ 63,988 $ 54,597 Securities available-for-sale 1,781 2,530 Investment in subsidiaries 620,757 530,144 Loans 372 424 Fixed assets — 2 Deferred tax asset 182 32 Other assets 1,193 1,321 Total Assets $ 688,273 $ 589,050 Liabilities Dividends payable $ 10,692 $ 9,748 Other liabilities 515 1,450 Total Liabilities 11,207 11,198 Total Shareholders’ Equity 677,066 577,852 Total Liabilities and Shareholders’ Equity $ 688,273 $ 589,050 |
Condensed Statements Of Comprehensive Income | The following table presents the condensed statements of comprehensive income (loss) of City Holding Company, parent company only (in thousands): Year Ended December 31, 2023 2022 2021 Income Dividends from subsidiaries $ 108,895 $ 90,500 $ 96,000 Realized and unrealized investment securities (losses) gains (302) (52) 820 Other income 98 99 191 108,691 90,547 97,011 Expenses Other expenses 2,024 2,077 1,610 2,024 2,077 1,610 Income Before Income Tax Benefit and Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries 106,667 88,470 95,401 Income tax benefit (650) (604) (264) Income Before Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries 107,317 89,074 95,665 Equity in undistributed net income (excess dividends) of subsidiaries 7,048 12,997 (7,585) Net Income $ 114,365 $ 102,071 $ 88,080 Total Comprehensive Income (Loss) $ 135,316 $ (43,677) $ 71,107 |
Condensed Statements Of Cash Flows | The following table presents the condensed statements of cash flows of City Holding Company, parent company only (in thousands): Year Ended December 31, 2023 2022 2021 Operating Activities Net income $ 114,365 $ 102,071 $ 88,080 Adjustments to reconcile net income to net cash provided by operating activities: Unrealized and realized investment securities losses (gains) 302 52 (820) (Benefit) provision for deferred income taxes (150) (136) (194) Depreciation, amortization and accretion, net — — — Stock based compensation 3,213 3,277 3,121 Change in other assets 128 (465) 89 Change in other liabilities (4,134) (1,851) (2,775) (Equity in undistributed net income) excess dividends of subsidiaries (7,048) (12,997) 7,585 Net Cash Provided by Operating Activities 106,676 89,951 95,086 Investing Activities Proceeds from sales of available for sale securities — 61 3,443 Proceeds from sales of other investments 447 — — Net decrease in loans 52 55 145 Acquisition of Citizens Commerce Bancshares, Inc. 2,343 — — Net Cash Provided by Investing Activities 2,842 116 3,588 Financing Activities Repayment of FHLB long-term advances — — — Dividends paid (39,993) (36,702) (36,138) Purchases of treasury stock (60,134) (26,449) (58,678) Exercise of stock options — 797 691 Net Cash Used in Financing Activities (100,127) (62,354) (94,125) Increase (Decrease) in Cash and Cash Equivalents 9,391 27,713 4,549 Cash and cash equivalents at beginning of year 54,597 26,884 22,335 Cash and Cash Equivalents at End of Year $ 63,988 $ 54,597 $ 26,884 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Schedule Of Computation Of Basic And Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): For the Year Ended December 31, 2023 2022 2021 Net income available to common shareholders $ 114,365 $ 102,071 $ 88,080 Less: earnings allocated to participating securities (1,036) (958) (843) Net earnings allocated to common shareholders $ 113,329 $ 101,113 $ 87,237 Distributed earnings allocated to common shares outstanding $ 40,121 $ 36,619 $ 34,901 Undistributed earnings allocated to common shares outstanding 73,208 64,494 52,336 Net earnings allocated to common shareholders $ 113,329 $ 101,113 $ 87,237 Average shares outstanding, basic 14,868 14,847 15,381 Effect of dilutive securities 23 26 26 Average shares outstanding, diluted 14,891 14,873 15,407 Basic earnings per share $ 7.62 $ 6.81 $ 5.67 Diluted earnings per share $ 7.61 $ 6.80 $ 5.66 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) | The activity in accumulated other comprehensive (loss) income is presented in the tables below (in thousands). The activity is shown net of tax, which is calculated using a combined Federal and state income tax rate approximating 24% for 2023 and 2022. Accumulated Other Comprehensive (Loss) Income Unrealized Gains (Losses) on Defined Benefit Securities Pension Plans Available-for-Sale Total Balance at December 31, 2021 $ (3,485) $ 17,745 $ 14,260 Other comprehensive income (loss) before reclassifications 63 (145,808) (145,745) Amounts reclassified from other comprehensive (loss) income — (3) (3) 63 (145,811) (145,748) Balance at December 31, 2022 $ (3,422) $ (128,066) $ (131,488) Other comprehensive income before reclassifications 841 16,366 17,207 Amounts reclassified from other comprehensive (loss) income — 3,742 3,742 841 20,108 20,949 Balance at December 31, 2023 $ (2,581) $ (107,958) $ (110,539) |
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income | Amounts reclassified from Other Comprehensive (Loss) Income Affected line item December 31, in the Consolidated 2023 2022 2021 Statements of Income Securities available-for-sale: Net securities losses (gains) reclassified into earnings $ 4,908 $ (4) $ (312) Net (losses) gains on sale of investment securities Related income tax (benefit) expense (1,166) 1 75 Income tax expense (benefit) Net effect on accumulated other comprehensive (loss) income $ 3,742 $ (3) $ (237) |
Contracts With Customers (Table
Contracts With Customers (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue | The following table illustrates the disaggregation by the Company's major revenue streams (in thousands): Point of Revenue Recognition 2023 2022 2021 Major revenue streams Service charges At a point in time and over time $ 27,751 $ 28,335 $ 25,539 Bankcard revenue At a point in time 27,960 27,349 26,987 Trust and investment management fee income Over time 9,563 8,798 8,415 Other income At a point in time and over time 3,794 3,617 3,989 Net revenue from contracts with customers 69,068 68,099 64,930 Non-interest income within the scope of other GAAP topics 1,561 3,978 4,711 Total non-interest income $ 70,629 $ 72,077 $ 69,641 |
Summary Of Significant Accoun_2
Summary Of Significant Accounting And Reporting Policies (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 USD ($) branch | Mar. 10, 2023 | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Condensed Financial Statements, Captions [Line Items] | ||||
Number of Reportable Segments | 1 | |||
DiscontinuationofInterestThresholdDays | 90 days | |||
Financing Receivable, Threshold Period Past Due | 30 days | |||
Threshold period past due for write-off of financing receivable | 120 days | |||
Other real estate, foreclosed assets, and repossessed assets | $ 700 | $ 900 | ||
Amortization Method Qualified Affordable Housing Project Investments | 44,600 | 42,100 | ||
Qualified Affordable Housing Project Investments, Commitment | 27,900 | 30,900 | ||
Total Shareholders’ Equity | 677,066 | 577,852 | $ 681,105 | |
Retained Earnings | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Total Shareholders’ Equity | $ 780,299 | 706,696 | $ 641,826 | |
Revision of Prior Period, Accounting Standards Update, Adjustment | Retained Earnings | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Total Shareholders’ Equity | $ 200 | |||
Citizens Commerce Bancshares, Inc. | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 100% | |||
City National | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Number of offices | branch | 98 |
Recent Accounting Pronounceme_2
Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Accounting Changes and Error Corrections [Abstract] | |||
Total Shareholders’ Equity | $ 677,066 | $ 577,852 | $ 681,105 |
Acquisition and Preliminary P_2
Acquisition and Preliminary Purchase Price Allocation - Allocation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Mar. 10, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Business Acquisition [Line Items] | ||||
Goodwill | $ 40,961 | $ 0 | ||
Merger related costs | 5,150 | $ 268 | $ 0 | |
Citizens Commerce Bancshares, Inc. | ||||
Business Acquisition [Line Items] | ||||
Common stock | $ 61,570 | |||
Cash | 13 | |||
Business Combination, Consideration Transferred | 61,583 | |||
Cash and cash equivalents | 14,016 | |||
Investment securities | 41,008 | |||
FHLB stock | 620 | |||
Loans | 251,406 | |||
Fixed assets | 3,237 | |||
Bank owned life insurance | 2,966 | |||
Deferred tax assets, net | 1,481 | |||
Other assets | 5,227 | |||
Total identifiable assets | 319,961 | |||
Deposits | 299,251 | |||
Short-term borrowings | 6,500 | |||
Other liabilities | 1,866 | |||
Total identifiable liabilities | 307,617 | |||
Net identifiable assets (liabilities) | 12,344 | |||
Goodwill | 40,961 | |||
Core deposit intangible | $ 8,278 | |||
Merger related costs | $ 5,200 |
Acquisition and Preliminary P_3
Acquisition and Preliminary Purchase Price Allocation - Narrative (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Mar. 10, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Business Acquisition [Line Items] | ||||
Stock Issued During Period, Shares, Acquisitions | 700,000 | 667,000 | ||
Merger related costs | $ 5,150 | $ 268 | $ 0 | |
Debt and Equity Securities, Realized Gain (Loss) | 700 | |||
Marketable Security, Gain (Loss) | 700 | |||
Citizens Commerce Bancshares, Inc. | ||||
Business Acquisition [Line Items] | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 100% | |||
Common stock | $ 61,570 | |||
Business Combination, Assets Acquired With Credit Deterioration | 4,900 | |||
Business Combination, Acquired Receivables, Gross Contractual Amount Purchased With Credit Deterioration | 8,500 | |||
Business Combination, Acquired Receivables, Estimated Uncollectible | 2,000 | |||
Time Deposits, Premium (Discount) | $ 600 | |||
Amortization Period Of Time Deposits Premium | 5 years | |||
Core deposit intangible | $ 8,278 | |||
Merger related costs | 5,200 | |||
Payments of Merger Related Costs, Professional Fees | 1,600 | |||
Payments of Merger Related Costs, Severance Costs | 1,400 | |||
Payments of Merger Related Costs, Data Processing Costs | $ 1,300 | |||
Investment securities | 41,008 | |||
Business Combination, Acquired Receivable, Fair Value | 246,400 | |||
Business Combination, Acquired Receivables, Estimated Uncollectible, Purchased With Credit Deterioration | $ 3,600 | |||
Citizens Commerce Bancshares, Inc. | Core Deposits | ||||
Business Acquisition [Line Items] | ||||
Finite-Lived Intangible Assets, Remaining Amortization Period | 10 years |
Acquisition and Preliminary P_4
Acquisition and Preliminary Purchase Price Allocation - Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Goodwill [Roll Forward] | ||
Goodwill, Beginning Balance | $ 108,941 | $ 108,941 |
Adjustment to goodwill acquired in conjunction with the acquisition of Citizens | 40,961 | 0 |
Ending balance | 149,902 | 108,941 |
Citizens Commerce Bancshares, Inc. | ||
Goodwill [Roll Forward] | ||
Goodwill, Beginning Balance | 0 | 0 |
Adjustment to goodwill acquired in conjunction with the acquisition of Citizens | 40,961 | |
Ending balance | $ 40,961 | $ 0 |
Investments (Narrative) (Detail
Investments (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Investments [Line Items] | |||
Equity Securities, FV-NI | $ 7,500,000 | $ 7,600,000 | |
Federal Home Loan Bank Stock and Federal Reserve Bank Stock | 23,500,000 | 15,500,000 | |
Certificates of Deposit, at Carrying Value | 700,000 | ||
nongovernmentalissuerover10%ofequity | 0 | 0 | |
Credit-related net investment impairment losses | 0 | 0 | $ 0 |
Debt Securities, Available-for-Sale, Allowance for Credit Loss | 0 | 0 | |
Asset Pledged as Collateral | |||
Schedule of Investments [Line Items] | |||
Debt Securities, Available-for-sale, Restricted | $ 709,000,000 | $ 886,000,000 |
Investments (Aggregate Carrying
Investments (Aggregate Carrying And Approximate Market Values Of Available-For-Sale Securities) (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 1,479,545,000 | $ 1,673,864,000 |
Available-for-sale debt securities, accumulated gross unrealized gain, before tax | 2,870,000 | 645,000 |
Available-for-sale debt securities, accumulated gross unrealized loss, before tax | 144,278,000 | 168,989,000 |
Debt Securities, Available-for-sale | 1,338,137,000 | 1,505,520,000 |
Obligations of states and political subdivisions | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 228,456,000 | 292,293,000 |
Available-for-sale debt securities, accumulated gross unrealized gain, before tax | 371,000 | 346,000 |
Available-for-sale debt securities, accumulated gross unrealized loss, before tax | 16,089,000 | 24,324,000 |
Debt Securities, Available-for-sale | 212,738,000 | 268,315,000 |
U.S. Government agencies | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 1,211,484,000 | 1,342,666,000 |
Available-for-sale debt securities, accumulated gross unrealized gain, before tax | 2,362,000 | 299,000 |
Available-for-sale debt securities, accumulated gross unrealized loss, before tax | 125,753,000 | 140,686,000 |
Debt Securities, Available-for-sale | 1,088,093,000 | 1,202,279,000 |
Private label | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 6,997,000 | 7,695,000 |
Available-for-sale debt securities, accumulated gross unrealized gain, before tax | 0 | 0 |
Available-for-sale debt securities, accumulated gross unrealized loss, before tax | 293,000 | 464,000 |
Debt Securities, Available-for-sale | 6,704,000 | 7,231,000 |
Trust preferred securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 4,599,000 | 4,590,000 |
Available-for-sale debt securities, accumulated gross unrealized gain, before tax | 0 | 0 |
Available-for-sale debt securities, accumulated gross unrealized loss, before tax | 321,000 | 762,000 |
Debt Securities, Available-for-sale | 4,278,000 | 3,828,000 |
Corporate securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 28,009,000 | 26,620,000 |
Available-for-sale debt securities, accumulated gross unrealized gain, before tax | 137,000 | 0 |
Available-for-sale debt securities, accumulated gross unrealized loss, before tax | 1,822,000 | 2,753,000 |
Debt Securities, Available-for-sale | $ 26,324,000 | $ 23,867,000 |
Investments (Gross Unrealized L
Investments (Gross Unrealized Losses And Fair Value Of Investments) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Schedule of Investments [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 9,637 | $ 766,882 |
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 10,337 | 75,309 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 955,196 | 394,860 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 133,941 | 93,680 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 964,833 | 1,161,742 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 144,278 | 168,989 |
Debt Securities, Available-for-Sale, Allowance for Credit Loss | 0 | 0 |
Obligations of states and political subdivisions | ||
Schedule of Investments [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 7,591 | 203,173 |
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 66 | 21,929 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 180,560 | 13,359 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 16,023 | 2,395 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 188,151 | 216,532 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 16,089 | 24,324 |
U.S. Government agencies | ||
Schedule of Investments [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 2,046 | 533,611 |
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 10,271 | 50,268 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 741,011 | 376,778 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 115,482 | 90,418 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 743,057 | 910,389 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 125,753 | 140,686 |
Private label | ||
Schedule of Investments [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 0 | 7,126 |
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 464 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 4,738 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 293 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 4,738 | 7,126 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 293 | 464 |
Trust preferred securities | ||
Schedule of Investments [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 0 | 0 |
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 4,278 | 3,828 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 321 | 762 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 4,278 | 3,828 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 321 | 762 |
Corporate securities | ||
Schedule of Investments [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 0 | 22,972 |
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 2,648 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 24,609 | 895 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 1,822 | 105 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 24,609 | 23,867 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 1,822 | $ 2,753 |
Investments (Amortized Cost And
Investments (Amortized Cost And Estimated Fair Value Of Debt Securities By Contractual Maturity) (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Investments [Abstract] | ||
Securities Available-for-Sale, Due in one year or less, Cost | $ 2,965,000 | |
Securities Available-for-Sale, Due after one year through five years, Cost | 85,102,000 | |
Securities Available-for-Sale, Due after five years through ten years, Cost | 434,093,000 | |
Securities Available-for-Sale, Due after ten years, Cost | 957,385,000 | |
Securities Available-for-Sale, Cost, Total | 1,479,545,000 | $ 1,673,864,000 |
Securities Available-for-Sale, Due in one year or less, Estimated Fair Value | 2,923,000 | |
Securities Available-for-Sale, Due after one year through five years, Estimated Fair Value | 81,176,000 | |
Securities Available-for-Sale, Due after five years through ten years, Estimated Fair Value | 404,955,000 | |
Securities Available-for-Sale, Due after ten years, Estimated Fair Value | 849,083,000 | |
Debt Securities, Available-for-sale, Total | $ 1,338,137,000 | $ 1,505,520,000 |
Investments (Gross Gains And Lo
Investments (Gross Gains And Losses Realized) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investments [Abstract] | |||
Gross unrealized gains recognized on equity securities still held | $ 769,000 | $ 38,000 | $ 547,000 |
Gross unrealized losses recognized on equity securities still held | (337,000) | (1,623,000) | (43,000) |
Net unrealized (losses) gains recognized on equity securities still held | 432,000 | (1,585,000) | 504,000 |
Gross realized gains | 996,000 | 4,000 | 312,000 |
Gross realized losses | (5,904,000) | 0 | 0 |
Net realized investment security (losses) gains | (4,908,000) | 4,000 | 312,000 |
Proceeds from sales | $ 205,627,000 | $ 0 | $ 0 |
Loans (Details)
Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | $ 4,125,923 | $ 3,646,258 |
Commercial Loan | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | $ 426,951 | $ 373,890 |
Loans (Summary Of Major Classif
Loans (Summary Of Major Classifications For Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | $ 4,125,923 | $ 3,646,258 |
Allowance for credit losses | (22,745) | (17,108) |
Net Loans | 4,103,178 | 3,629,150 |
Commercial Loan | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 426,951 | 373,890 |
Commercial Real Estate 1-4 Family | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 206,237 | 116,192 |
Commercial Real Estate Hotels | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 357,142 | 340,404 |
Commercial Real Estate Multi-Family | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 189,165 | 174,786 |
Commercial Real Estate Non Residential Non-Owner Occupied | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 680,590 | 585,964 |
Commercial Real Estate Non Residential Owner Occupied | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 240,328 | 174,961 |
Commercial Real Estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 1,673,462 | 1,392,307 |
Construction Loan | 2,459 | 4,130 |
Residential Real Estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 1,788,149 | 1,693,523 |
Construction Loan | 23,066 | 21,122 |
Home Equity Line of Credit | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 167,201 | 134,317 |
Consumer Loan | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | 65,246 | 48,806 |
Demand Deposit Account Overdrafts | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Gross loans | $ 4,914 | $ 3,415 |
Allowance For Loan Losses (Narr
Allowance For Loan Losses (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans, Evaluated for impairment, Individually | $ 1,000 | $ 1,000 | |
Threshold period past due for write-off of financing receivable | 120 days | ||
Provision for (recovery of) credit losses | $ 3,243 | 474 | $ (3,165) |
Financing Receivable, Nonaccrual, Interest Income | $ 0 | 0 | 0 |
Financing Receivable, Threshold Period Past Due | 30 days | ||
Threshold Period for Discontinuance of Interest Accrual | 90 days | ||
Loan Review Selection Threshold ($) | $ 1,000 | 1,000 | 1,000 |
Citizens Commerce Bancshares, Inc. | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Allowance For Credit Losses - Loans | 2,000 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 2,800 | ||
Commercial Borrower | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Provision for (recovery of) credit losses | $ 1,300 | ||
Residential Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Threshold period past due for write-off of financing receivable | 120 days | ||
Provision for (recovery of) credit losses | $ 271 | (123) | (2,239) |
Commercial Industrial Loans And Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Threshold period past due for write-off of financing receivable | 120 days | ||
Consumer Loan | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Threshold period past due for write-off of financing receivable | 180 days | ||
Provision for (recovery of) credit losses | $ 225 | $ (40) | $ (70) |
Allowance For Loan Losses (Sche
Allowance For Loan Losses (Schedule Of Allowance For Loan Loss By Portfolio Segment) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | $ 17,108 | $ 18,166 | $ 24,549 |
Impact Of Adopting ASU 2022-02 | (175) | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 2,811 | 0 | 0 |
Charge-offs | (2,974) | (3,848) | (5,467) |
Recoveries | 2,732 | 2,316 | 2,249 |
Provision for (recovery of) credit losses | 3,243 | 474 | (3,165) |
Ending balance | 22,745 | 17,108 | 18,166 |
Commercial Loan | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 3,568 | 3,480 | 3,644 |
Impact Of Adopting ASU 2022-02 | 12 | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 0 | 0 | 0 |
Charge-offs | (153) | (562) | (245) |
Recoveries | 836 | 334 | 171 |
Provision for (recovery of) credit losses | 211 | 316 | (90) |
Ending balance | 4,474 | 3,568 | 3,480 |
Commercial Real Estate | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 6,612 | 7,311 | 10,997 |
Impact Of Adopting ASU 2022-02 | (1) | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 2,811 | 0 | 0 |
Charge-offs | (380) | (55) | (2,387) |
Recoveries | 277 | 207 | 224 |
Provision for (recovery of) credit losses | 1,826 | (851) | (1,523) |
Ending balance | 11,145 | 6,612 | 7,311 |
Residential Real Estate | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 5,427 | 5,716 | 8,093 |
Impact Of Adopting ASU 2022-02 | (138) | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 0 | 0 | 0 |
Charge-offs | (209) | (265) | (265) |
Recoveries | 47 | 99 | 127 |
Provision for (recovery of) credit losses | 271 | (123) | (2,239) |
Ending balance | 5,398 | 5,427 | 5,716 |
Home Equity Line of Credit | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 290 | 517 | 630 |
Impact Of Adopting ASU 2022-02 | (46) | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 0 | 0 | 0 |
Charge-offs | (400) | (279) | (177) |
Recoveries | 47 | 56 | 90 |
Provision for (recovery of) credit losses | 599 | (4) | (26) |
Ending balance | 490 | 290 | 517 |
Consumer Loan | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 110 | 106 | 163 |
Impact Of Adopting ASU 2022-02 | (2) | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 0 | 0 | 0 |
Charge-offs | (187) | (63) | (242) |
Recoveries | 123 | 107 | 255 |
Provision for (recovery of) credit losses | 225 | (40) | (70) |
Ending balance | 269 | 110 | 106 |
DDA Overdrafts | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 1,101 | 1,036 | 1,022 |
Impact Of Adopting ASU 2022-02 | 0 | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 0 | 0 | 0 |
Charge-offs | (1,645) | (2,624) | (2,151) |
Recoveries | 1,402 | 1,513 | 1,382 |
Provision for (recovery of) credit losses | 111 | 1,176 | 783 |
Ending balance | 969 | 1,101 | 1,036 |
Commercial Real Estate 1-4 Family | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 566 | 598 | 771 |
Impact Of Adopting ASU 2022-02 | (1) | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 0 | 0 | 0 |
Charge-offs | (340) | (55) | (311) |
Recoveries | 50 | 160 | 125 |
Provision for (recovery of) credit losses | 1,127 | (137) | 13 |
Ending balance | 1,402 | 566 | 598 |
Commercial Real Estate Hotels | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 2,332 | 2,426 | 4,088 |
Impact Of Adopting ASU 2022-02 | 0 | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 0 | 0 | 0 |
Charge-offs | (40) | 0 | (2,075) |
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) credit losses | (81) | (94) | 413 |
Ending balance | 2,211 | 2,332 | 2,426 |
Commercial Real Estate Multi-Family | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 380 | 483 | 674 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) credit losses | 122 | (103) | (191) |
Ending balance | 1,002 | 380 | 483 |
Commercial Real Estate Non Residential Non-Owner Occupied | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 2,019 | 2,319 | 3,223 |
Impact Of Adopting ASU 2022-02 | 0 | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 1,536 | 0 | 0 |
Charge-offs | 0 | 0 | (1) |
Recoveries | 171 | 47 | 45 |
Provision for (recovery of) credit losses | 351 | (347) | (948) |
Ending balance | 4,077 | 2,019 | 2,319 |
Commercial Real Estate Non Residential Owner Occupied | |||
Allowance for Loan Losses [Roll Forward] | |||
Beginning balance | 1,315 | 1,485 | 2,241 |
Impact Of Adopting ASU 2022-02 | 0 | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | 775 | 0 | 0 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 56 | 0 | 54 |
Provision for (recovery of) credit losses | 307 | (170) | (810) |
Ending balance | 2,453 | 1,315 | 1,485 |
Commercial Real Estate: Multifamily | |||
Allowance for Loan Losses [Roll Forward] | |||
Impact Of Adopting ASU 2022-02 | 0 | 0 | 0 |
Citizens Purchased Credit Deteriorated Loan Reserves | $ 500 | $ 0 | $ 0 |
Allowance For Loan Losses (Sc_2
Allowance For Loan Losses (Schedule of Nonaccrual Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | $ 1,000 | $ 228 |
Non-accrual | 6,558 | 4,977 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 270 | 187 |
Commercial Loan | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 1,000 | 0 |
Non-accrual | 1,211 | 1,015 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate 1-4 Family | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 521 | 937 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate Hotels | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 0 | 115 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate Multi-Family | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 0 | 0 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 446 | 816 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 1,420 | 298 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 2,387 | 2,166 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Residential Real Estate | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 228 |
Non-accrual | 2,849 | 1,741 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 214 | 164 |
Home Equity Loan | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 111 | 55 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 56 | 0 |
Consumer Loan | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Non-accrual | 0 | 0 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | $ 0 | $ 23 |
Allowance For Loan Losses (Sc_3
Allowance For Loan Losses (Schedule Of Aging Analysis Of Accruing And Non-Accruing Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | $ 7,558 | $ 5,205 |
Gross loans | 4,125,923 | 3,646,258 |
Commercial Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 2,211 | 1,015 |
Gross loans | 426,951 | 373,890 |
Financing Receivable, before Allowance for Credit Loss | 426,951 | 373,890 |
Commercial Real Estate 1-4 Family | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 521 | 937 |
Gross loans | 206,237 | 116,192 |
Financing Receivable, before Allowance for Credit Loss | 206,237 | 116,192 |
Commercial Real Estate Hotels | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 0 | 115 |
Gross loans | 357,142 | 340,404 |
Financing Receivable, before Allowance for Credit Loss | 357,142 | 340,404 |
Commercial Real Estate Multi-Family | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 0 | 0 |
Gross loans | 189,165 | 174,786 |
Financing Receivable, before Allowance for Credit Loss | 189,165 | 174,786 |
Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 446 | 816 |
Gross loans | 680,590 | 585,964 |
Financing Receivable, before Allowance for Credit Loss | 680,590 | 585,964 |
Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 1,420 | 298 |
Gross loans | 240,328 | 174,961 |
Financing Receivable, before Allowance for Credit Loss | 240,328 | 174,961 |
Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 2,387 | 2,166 |
Gross loans | 1,673,462 | 1,392,307 |
Financing Receivable, before Allowance for Credit Loss | 1,673,462 | 1,392,307 |
Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 2,849 | 1,969 |
Gross loans | 1,788,149 | 1,693,523 |
Financing Receivable, before Allowance for Credit Loss | 1,788,149 | 1,693,523 |
Home Equity Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 111 | 55 |
Gross loans | 167,201 | 134,317 |
Financing Receivable, before Allowance for Credit Loss | 167,201 | 134,317 |
Consumer Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 0 | 0 |
Gross loans | 65,246 | 48,806 |
Financing Receivable, before Allowance for Credit Loss | 65,246 | 48,806 |
DDA Overdrafts | ||
Financing Receivable, Past Due [Line Items] | ||
Non-accrual | 0 | 0 |
Gross loans | 4,914 | 3,415 |
Financial Asset, 30 to 59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 9,413 | 8,626 |
Financial Asset, 30 to 59 Days Past Due | Commercial Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 185 | 201 |
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 67 | 17 |
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate Hotels | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate Multi-Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 623 | 505 |
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 690 | 522 |
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 7,034 | 6,843 |
Financial Asset, 30 to 59 Days Past Due | Home Equity Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,020 | 622 |
Financial Asset, 30 to 59 Days Past Due | Consumer Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 129 | 52 |
Financial Asset, 30 to 59 Days Past Due | DDA Overdrafts | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 355 | 386 |
Financial Asset, 60 to 89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,254 | 363 |
Financial Asset, 60 to 89 Days Past Due | Commercial Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 250 | 33 |
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 25 | 0 |
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate Hotels | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate Multi-Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 188 |
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 25 | 188 |
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 811 | 84 |
Financial Asset, 60 to 89 Days Past Due | Home Equity Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 159 | 28 |
Financial Asset, 60 to 89 Days Past Due | Consumer Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 25 |
Financial Asset, 60 to 89 Days Past Due | DDA Overdrafts | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 9 | 5 |
Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 270 | 187 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate Hotels | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate Multi-Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 214 | 164 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Home Equity Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 56 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 23 |
Financial Asset, Equal to or Greater than 90 Days Past Due | DDA Overdrafts | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 4,107,428 | 3,631,877 |
Financial Asset, Not Past Due | Commercial Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 424,305 | 372,641 |
Financial Asset, Not Past Due | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 205,624 | 115,238 |
Financial Asset, Not Past Due | Commercial Real Estate Hotels | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 357,142 | 340,289 |
Financial Asset, Not Past Due | Commercial Real Estate Multi-Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 189,165 | 174,786 |
Financial Asset, Not Past Due | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 680,144 | 585,148 |
Financial Asset, Not Past Due | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 238,285 | 173,970 |
Financial Asset, Not Past Due | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,670,360 | 1,389,431 |
Financial Asset, Not Past Due | Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,777,241 | 1,684,463 |
Financial Asset, Not Past Due | Home Equity Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 165,855 | 133,612 |
Financial Asset, Not Past Due | Consumer Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 65,117 | 48,706 |
Financial Asset, Not Past Due | DDA Overdrafts | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 4,550 | 3,024 |
Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 10,937 | 9,176 |
Financial Asset, Past Due | Commercial Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 435 | 234 |
Financial Asset, Past Due | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 92 | 17 |
Financial Asset, Past Due | Commercial Real Estate Hotels | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Commercial Real Estate Multi-Family | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 623 | 693 |
Financial Asset, Past Due | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 715 | 710 |
Financial Asset, Past Due | Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 8,059 | 7,091 |
Financial Asset, Past Due | Home Equity Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,235 | 650 |
Financial Asset, Past Due | Consumer Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 129 | 100 |
Financial Asset, Past Due | DDA Overdrafts | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 364 | $ 391 |
Allowance For Loan Losses (Sc_4
Allowance For Loan Losses (Schedule Of Impaired Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Impaired [Line Items] | ||
Loans, Evaluated for impairment, Individually | $ 1,000 | $ 1,000 |
Allowance For Loan Losses (Sc_5
Allowance For Loan Losses (Schedule Of Credit Quality Indicators) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | $ 4,125,923 | $ 3,646,258 |
Non-accrual | 7,558 | 5,205 |
Residential Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 1,788,149 | 1,693,523 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 234,963 | 405,059 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 392,984 | 336,669 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 314,800 | 270,197 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 250,056 | 123,314 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 110,449 | 86,396 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 412,274 | 383,390 |
Financing Receivable, Revolving | 72,623 | 88,498 |
Financing Receivable, before Allowance for Credit Loss | 1,788,149 | 1,693,523 |
Non-accrual | 2,849 | 1,969 |
Residential Real Estate | Performing | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 234,802 | 405,059 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 392,865 | 336,462 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 314,617 | 270,197 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 250,030 | 122,559 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 109,736 | 86,317 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 410,925 | 382,652 |
Financing Receivable, Revolving | 72,324 | 88,308 |
Financing Receivable, before Allowance for Credit Loss | 1,785,299 | 1,691,554 |
Residential Real Estate | Non-Performing | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 161 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 119 | 207 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 183 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 26 | 755 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 713 | 79 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,349 | 738 |
Financing Receivable, Revolving | 299 | 190 |
Financing Receivable, before Allowance for Credit Loss | 2,850 | 1,969 |
Home Equity Line of Credit | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 167,201 | 134,317 |
Consumer Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 65,246 | 48,806 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 33,700 | 25,296 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 18,293 | 7,954 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 4,531 | 5,482 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 3,148 | 4,299 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,120 | 2,246 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,645 | 2,064 |
Financing Receivable, Revolving | 1,809 | 1,465 |
Financing Receivable, before Allowance for Credit Loss | 65,246 | 48,806 |
Non-accrual | 0 | 0 |
Consumer Loan | Performing | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 33,700 | 25,296 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 18,293 | 7,954 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 4,531 | 5,482 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 3,148 | 4,299 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,120 | 2,246 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,645 | 2,064 |
Financing Receivable, Revolving | 1,809 | 1,465 |
Financing Receivable, before Allowance for Credit Loss | 65,246 | 48,806 |
Consumer Loan | Non-Performing | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
DDA Overdrafts | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 4,914 | 3,415 |
Non-accrual | 0 | 0 |
Commercial Real Estate 1-4 Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 206,237 | 116,192 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 38,708 | 31,642 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 54,435 | 21,640 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 32,058 | 12,944 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 22,780 | 8,665 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 12,204 | 4,826 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 31,835 | 25,368 |
Financing Receivable, Revolving | 14,217 | 11,107 |
Financing Receivable, before Allowance for Credit Loss | 206,237 | 116,192 |
Non-accrual | 521 | 937 |
Commercial Real Estate Multi-Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 189,165 | 174,786 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 6,925 | 13,761 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 21,320 | 21,312 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 28,268 | 65,542 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 63,750 | 37,698 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 38,007 | 2,189 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 29,814 | 33,560 |
Financing Receivable, Revolving | 1,081 | 724 |
Financing Receivable, before Allowance for Credit Loss | 189,165 | 174,786 |
Non-accrual | 0 | 0 |
Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 680,590 | 585,964 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 117,515 | 110,501 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 119,382 | 109,001 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 99,457 | 90,113 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 62,209 | 69,533 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 64,576 | 89,502 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 185,340 | 114,531 |
Financing Receivable, Revolving | 32,111 | 2,783 |
Financing Receivable, before Allowance for Credit Loss | 680,590 | 585,964 |
Non-accrual | 446 | 816 |
Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 240,328 | 174,961 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 45,438 | 22,725 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 35,229 | 36,379 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 44,377 | 17,326 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 18,202 | 25,082 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 25,987 | 18,394 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 64,586 | 50,704 |
Financing Receivable, Revolving | 6,509 | 4,351 |
Financing Receivable, before Allowance for Credit Loss | 240,328 | 174,961 |
Non-accrual | 1,420 | 298 |
Commercial Real Estate Hotels | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 357,142 | 340,404 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 47,739 | 85,590 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 82,200 | 35,849 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 33,560 | 15,868 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 7,347 | 84,658 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 81,988 | 14,921 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 104,003 | 103,195 |
Financing Receivable, Revolving | 305 | 323 |
Financing Receivable, before Allowance for Credit Loss | 357,142 | 340,404 |
Non-accrual | 0 | 115 |
Home Equity Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 167,201 | 134,317 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 29,611 | 16,670 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 13,921 | 7,394 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 6,218 | 5,000 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 3,840 | 3,035 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,510 | 1,823 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 5,108 | 5,116 |
Financing Receivable, Revolving | 105,993 | 95,279 |
Financing Receivable, before Allowance for Credit Loss | 167,201 | 134,317 |
Non-accrual | 111 | 55 |
Home Equity Loan | Performing | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 29,611 | 16,670 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 13,921 | 7,394 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 6,218 | 5,000 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 3,826 | 3,035 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,510 | 1,823 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 5,108 | 5,116 |
Financing Receivable, Revolving | 105,896 | 95,224 |
Financing Receivable, before Allowance for Credit Loss | 167,090 | 134,262 |
Home Equity Loan | Non-Performing | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 14 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 97 | 55 |
Financing Receivable, before Allowance for Credit Loss | 111 | 55 |
Commercial Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 426,951 | 373,890 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 70,873 | 52,223 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 50,254 | 91,300 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 77,459 | 61,668 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 51,063 | 27,540 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 22,765 | 19,721 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 19,866 | 8,469 |
Financing Receivable, Revolving | 134,671 | 112,969 |
Financing Receivable, before Allowance for Credit Loss | 426,951 | 373,890 |
Non-accrual | 2,211 | 1,015 |
Commercial Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, Total | 1,673,462 | 1,392,307 |
Financing Receivable, Year One, Originated, Current Fiscal Year | 256,324 | 264,219 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 312,566 | 224,181 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 237,719 | 201,793 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 174,289 | 225,636 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 222,762 | 129,832 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 415,581 | 327,358 |
Financing Receivable, Revolving | 54,221 | 19,288 |
Financing Receivable, before Allowance for Credit Loss | 1,673,462 | 1,392,307 |
Non-accrual | 2,387 | 2,166 |
Pass | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 38,143 | 31,331 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 53,907 | 21,640 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 32,058 | 12,565 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 21,363 | 8,609 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 12,073 | 4,826 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 29,846 | 22,949 |
Financing Receivable, Revolving | 13,967 | 11,107 |
Financing Receivable, before Allowance for Credit Loss | 201,357 | 113,027 |
Pass | Commercial Real Estate Multi-Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 6,925 | 13,761 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 21,320 | 21,312 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 28,268 | 65,542 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 63,750 | 37,698 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 38,007 | 2,189 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 29,814 | 33,560 |
Financing Receivable, Revolving | 1,081 | 724 |
Financing Receivable, before Allowance for Credit Loss | 189,165 | 174,786 |
Pass | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 117,515 | 110,501 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 119,382 | 108,290 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 99,210 | 89,943 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 59,083 | 68,027 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 64,332 | 87,413 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 156,941 | 113,287 |
Financing Receivable, Revolving | 32,111 | 2,781 |
Financing Receivable, before Allowance for Credit Loss | 648,574 | 580,242 |
Pass | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 41,481 | 21,782 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 34,320 | 36,186 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 42,203 | 17,216 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 16,990 | 22,274 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 21,772 | 17,622 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 52,363 | 39,861 |
Financing Receivable, Revolving | 6,060 | 3,238 |
Financing Receivable, before Allowance for Credit Loss | 215,189 | 158,179 |
Pass | Commercial Real Estate Hotels | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 47,739 | 85,590 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 82,200 | 35,849 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 33,560 | 12,275 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 3,327 | 60,429 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 58,384 | 14,921 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 101,740 | 90,686 |
Financing Receivable, Revolving | 305 | 323 |
Financing Receivable, before Allowance for Credit Loss | 327,255 | 300,073 |
Pass | Commercial Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 70,494 | 51,268 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 47,473 | 91,097 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 76,605 | 60,251 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 47,688 | 26,356 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 21,820 | 19,497 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 18,328 | 6,917 |
Financing Receivable, Revolving | 111,546 | 109,645 |
Financing Receivable, before Allowance for Credit Loss | 393,954 | 365,031 |
Pass | Commercial Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 251,802 | 262,965 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 311,129 | 223,277 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 235,298 | 197,541 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 164,514 | 197,037 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 194,569 | 126,971 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 370,704 | 300,343 |
Financing Receivable, Revolving | 53,522 | 18,173 |
Financing Receivable, before Allowance for Credit Loss | 1,581,538 | 1,326,307 |
Special Mention | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 565 | 228 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 451 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 115 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,167 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 730 | 836 |
Financing Receivable, Revolving | 250 | 0 |
Financing Receivable, before Allowance for Credit Loss | 3,163 | 1,179 |
Special Mention | Commercial Real Estate Multi-Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Special Mention | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 110 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 102 | 170 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 731 | 176 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 165 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 24,747 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 25,745 | 456 |
Special Mention | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 164 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 329 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,880 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 431 | 493 |
Financing Receivable, Revolving | 188 | 113 |
Financing Receivable, before Allowance for Credit Loss | 3,663 | 935 |
Special Mention | Commercial Real Estate Hotels | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Special Mention | Commercial Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 33 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 392 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 2,600 | 9 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 22 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 19 |
Financing Receivable, Revolving | 70 | 3,245 |
Financing Receivable, before Allowance for Credit Loss | 2,725 | 3,665 |
Special Mention | Commercial Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 565 | 228 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 451 | 110 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 266 | 285 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,898 | 505 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3,045 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 25,909 | 1,329 |
Financing Receivable, Revolving | 438 | 113 |
Financing Receivable, before Allowance for Credit Loss | 32,572 | 2,570 |
Substandard | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 83 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 77 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 264 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 250 | 56 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 131 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,259 | 1,583 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 1,717 | 1,986 |
Substandard | Commercial Real Estate Multi-Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Substandard | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 601 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 145 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 2,395 | 1,330 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 79 | 2,089 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,652 | 1,244 |
Financing Receivable, Revolving | 0 | 2 |
Financing Receivable, before Allowance for Credit Loss | 6,271 | 5,266 |
Substandard | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 3,957 | 943 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 909 | 193 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 2,010 | 110 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,212 | 2,479 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 1,335 | 772 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 11,792 | 10,350 |
Financing Receivable, Revolving | 261 | 1,000 |
Financing Receivable, before Allowance for Credit Loss | 21,476 | 15,847 |
Substandard | Commercial Real Estate Hotels | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 3,593 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 4,020 | 24,229 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 23,604 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 2,263 | 12,509 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 29,887 | 40,331 |
Substandard | Commercial Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 379 | 955 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,748 | 203 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 854 | 1,025 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 775 | 1,175 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 923 | 224 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,538 | 1,533 |
Financing Receivable, Revolving | 23,055 | 79 |
Financing Receivable, before Allowance for Credit Loss | 30,272 | 5,194 |
Substandard | Commercial Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 3,957 | 1,026 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 986 | 794 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 2,155 | 3,967 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 7,877 | 28,094 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 25,148 | 2,861 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 18,968 | 25,686 |
Financing Receivable, Revolving | 261 | 1,002 |
Financing Receivable, before Allowance for Credit Loss | 59,352 | $ 63,430 |
Gross Charge-Offs | Residential Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 31 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 172 | |
Financing Receivable, Revolving | 6 | |
Financing Receivable, before Allowance for Credit Loss | 209 | |
Gross Charge-Offs | Home Equity Line of Credit | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 95 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 122 | |
Financing Receivable, Revolving | 183 | |
Financing Receivable, before Allowance for Credit Loss | 400 | |
Gross Charge-Offs | Consumer Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 77 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 6 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 98 | |
Financing Receivable, Revolving | 6 | |
Financing Receivable, before Allowance for Credit Loss | 187 | |
Gross Charge-Offs | Commercial Real Estate 1-4 Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 5 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 335 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 340 | |
Gross Charge-Offs | Commercial Real Estate Non Residential Non-Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | |
Gross Charge-Offs | Commercial Real Estate Non Residential Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | |
Gross Charge-Offs | Commercial Real Estate Hotels | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 40 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 40 | |
Gross Charge-Offs | Commercial Loan | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 84 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 33 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Revolving | 36 | |
Financing Receivable, before Allowance for Credit Loss | 153 | |
Gross Charge-Offs | Commercial Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 5 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 375 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 380 | |
Gross Charge-Offs | Commercial Real Estate: Multifamily | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | $ 0 |
Allowance For Loan Losses (Sc_6
Allowance For Loan Losses (Schedule of Non-Commercial Loans By Payment Performance) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Receivables [Abstract] | ||
Loans, Total | $ 4,125,923 | $ 3,646,258 |
Premises And Equipment (Details
Premises And Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, gross | $ 182,187 | $ 176,891 | |
Less: accumulated depreciation | (110,041) | (106,105) | |
Property, Plant and Equipment, Net, Total | 72,146 | 70,786 | |
Depreciation | 4,556 | 5,325 | $ 5,831 |
Land | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, gross | 35,135 | 34,325 | |
Buildings and improvements | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, gross | $ 101,279 | 98,275 | |
Buildings and improvements | Maximum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated Useful Life | 30 years | ||
Buildings and improvements | Minimum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated Useful Life | 10 years | ||
Equipment | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, gross | $ 45,773 | $ 44,291 | |
Equipment | Maximum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated Useful Life | 7 years | ||
Equipment | Minimum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated Useful Life | 3 years |
Goodwill And Other Intangible_2
Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Finite-Lived Intangible Assets [Line Items] | |||
Goodwill, Impairment Loss | $ 0 | ||
Goodwill | 149,902,000 | $ 108,941,000 | $ 108,941,000 |
Goodwill [Line Items] | |||
Goodwill | 149,902,000 | 108,941,000 | $ 108,941,000 |
Goodwill | $ 40,961,000 | $ 0 | |
Core Deposits | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-lived intangible asset, useful life | 10 years |
Goodwill And Other Intangible_3
Goodwill And Other Intangible Assets (Summary Of Core Deposit Intangibles) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Business Acquisition [Line Items] | ||
Gross carrying amount | $ 29,462 | $ 21,190 |
Accumulated amortization | (16,796) | (14,397) |
Total | 12,666 | 6,793 |
Finite-lived Intangible Assets Acquired | 8,272 | 0 |
Finite-lived Intangible Assets [Roll Forward] | ||
Beginning balance | 6,793 | 8,179 |
Amortization expense | (2,399) | (1,386) |
Ending balance | $ 12,666 | $ 6,793 |
Goodwill And Other Intangible_4
Goodwill And Other Intangible Assets (Schedule Of Estimated Future Amortization Expense For Core Deposits) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
2024 | $ 2,384 | ||
2025 | 2,172 | ||
2026 | 1,953 | ||
2027 | 1,855 | ||
2028 | 1,713 | ||
Thereafter | 2,589 | ||
Total | $ 12,666 | $ 6,793 | $ 8,179 |
Scheduled Maturities Of Time _3
Scheduled Maturities Of Time Deposits (Scheduled Maturities Of Time Deposits) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Maturities of Time Deposits [Abstract] | ||
2024 | $ 778,567 | |
2025 | 209,160 | |
2026 | 23,849 | |
2027 | 17,768 | |
2028 | 11,439 | |
Over five years | 207 | |
Time Deposits, Total | $ 1,040,990 | $ 888,100 |
Scheduled Maturities Of Time _4
Scheduled Maturities Of Time Deposits (Scheduled Maturities Time Deposits Of $250,000 Or More) (Details) - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Maturities of Time Deposits [Abstract] | ||
Time Deposits, at or Above FDIC Insurance Limit | $ 338.4 | $ 271.5 |
Short-Term Debt (Narrative) (De
Short-Term Debt (Narrative) (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Short-term Debt [Line Items] | ||
Debt Instrument, Collateral Amount | $ 2,000,000,000 | $ 1,500,000,000 |
Line of Credit Facility, Maximum Borrowing Capacity | 1,900,000,000 | 1,600,000,000 |
Federal Home Loan Bank Stock | 34,500 | |
Debt Instrument, Collateral Amount | $ 2,000,000,000 | $ 1,500,000,000 |
Short-Term Debt (Summary Of Sho
Short-Term Debt (Summary Of Short-Term Borrowings) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |||
Federal Home Loan Bank, Advance | $ 25,000 | $ 0 | $ 0 |
Securities sold under agreements to repurchase | 309,856 | 290,964 | 312,458 |
Federal Home Loan Bank advances (Avg Bal) | 847 | 3 | |
Securities sold under agreements to repurchase (Avg Bal) | 289,480 | 284,570 | $ 289,413 |
Federal Funds purchased (Avg Bal) | $ 113 | $ 38 | |
Federal Home Loan Bank advances (weighted average interest rate) | 5.76% | 0.26% | |
Securities sold under agreements to repurchase (weighted average interest rate) | 4.13% | 0.78% | 0.16% |
Federal Funds purchased (weighted average interest rate) | 5.74% | 0.25% | 1.46% |
Securities Sold under Agreements to Repurchase, Average Rate Paid | 3.86% | 0.76% | 0.16% |
Federal Home Loan Bank advances (weighted average interest rate) | 5.76% | 0.26% | |
Short-Term Debt, Weighted Average Interest Rate, at Point in Time | 5.63% | 0% | 0% |
Long-Term Debt (Narrative) (Det
Long-Term Debt (Narrative) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Debt Instrument [Line Items] | |||
Long-Term Federal Home Loan Bank Advances, Noncurrent | $ 100,000 | $ 0 | $ 0 |
Long-Term Debt, Weighted Average Interest Rate, at Point in Time | 4.01% | ||
Minimum | |||
Debt Instrument [Line Items] | |||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date | 2027 | ||
Maximum | |||
Debt Instrument [Line Items] | |||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date | 2028 |
Derivative Instruments Derivati
Derivative Instruments Derivative Instruments (Narrative) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Derivatives, Fair Value [Line Items] | ||
Collateral Already Posted, Aggregate Fair Value | $ 55,600 | |
Hedged Asset, Fair Value Hedge, Last-of-Layer, Amount | 303,700 | $ 330,000 |
Hedged Asset, Fair Value Hedge, Last-of-Layer, Cumulative Increase (Decrease) | (20) | 132 |
Fair Value Hedges, Net | 100 | |
Interest Rate Swap | Not Designated as Hedging Instrument | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Notional Amount | 150,000 | 150,000 |
Available-for-sale Securities | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Hedges, Net | (10,075) | (15,394) |
Other Assets | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Hedges, Net | $ 10,095 | $ 15,262 |
Derivative Instruments (Fair Va
Derivative Instruments (Fair Value Of Derivative Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Derivatives, Fair Value [Line Items] | ||
Fair Value Hedges, Net | $ 100 | |
Other Assets | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Hedges, Net | 10,095 | $ 15,262 |
Available-for-sale Securities | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Hedges, Net | (10,075) | (15,394) |
Customer Counterparties Loan Interest Rate Swap Assets | Not Designated as Hedging Instrument | Other Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Notional Amount | 61,242 | 28,238 |
Derivative, Fair Value, Net | 2,176 | 1,298 |
Customer Counterparties Loan Interest Rate Swap Liabilities | Not Designated as Hedging Instrument | Other Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Notional Amount | 555,693 | 619,150 |
Derivative, Fair Value, Net | 46,402 | 63,758 |
Financial Institution Counterparties Loan Interest Rate Swap Asset | Not Designated as Hedging Instrument | Other Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Notional Amount | 573,693 | 637,150 |
Derivative, Fair Value, Net | 47,555 | 65,217 |
Financial Institution Counterparties Loan Interest Rate Swap Liabilities | Not Designated as Hedging Instrument | Other Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Notional Amount | 61,242 | 28,238 |
Derivative, Fair Value, Net | 2,176 | 1,298 |
Interest Rate Swap | Not Designated as Hedging Instrument | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Notional Amount | $ 150,000 | $ 150,000 |
Derivative Instruments (Change
Derivative Instruments (Change In Fair Value Of Derivative Instruments) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative assets | Other Income | |||
Derivatives, Fair Value [Line Items] | |||
Change in Fair Value | $ (14,016) | $ 37,537 | $ (26,483) |
Derivative liabilities | Other Income | |||
Derivatives, Fair Value [Line Items] | |||
Change in Fair Value | 14,016 | (37,537) | 26,483 |
Derivative liabilities | Other Expense | |||
Derivatives, Fair Value [Line Items] | |||
Change in Fair Value | $ (306) | $ 1,219 | $ 487 |
Derivative Instruments (Details
Derivative Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Fair Value Hedges, Net | $ 100 | |
Hedged Asset, Fair Value Hedge, Last-of-Layer, Cumulative Increase (Decrease) | (20) | $ 132 |
Available-for-sale Securities | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Fair Value Hedges, Net | (10,075) | (15,394) |
Other Assets | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Fair Value Hedges, Net | $ 10,095 | $ 15,262 |
Derivative Instruments (Detai_2
Derivative Instruments (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |
Loans Payable | $ (691) |
Derivative Asset | 675 |
Interest and Fee Income, Other Loans, Cumulative Adjustment | $ 16 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | |
Income Tax Examination [Line Items] | |||
Deferred Tax Assets, Valuation Allowance | $ 0 | $ 0 | |
Anticipated Reduction Resulting from Lapse of Applicable Statue of Limitations | 549,000 | 561,000 | |
Accrued income tax interest and penalties | $ 1,000,000 | $ 1,000,000 | |
Forecast | |||
Income Tax Examination [Line Items] | |||
Anticipated Reduction Resulting from Lapse of Applicable Statue of Limitations | $ 400,000 |
Income Taxes (Summary Of Deferr
Income Taxes (Summary Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Income Tax Disclosure [Abstract] | ||
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts | $ 4,553 | $ 4,102 |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | 3,336 | 3,279 |
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | 2,575 | 1,265 |
Deferred Tax Assets, Investments | 33,524 | 40,380 |
Deferred Tax Assets, Other | 8,602 | 6,012 |
Total Deferred Tax Assets | 52,590 | 55,038 |
Deferred Tax Liabilities, Goodwill and Intangible Assets | 4,180 | 4,284 |
Deferred Tax Liabilities, Other | 6,194 | 5,870 |
Deferred Tax Liabilities, Gross | 10,374 | 10,154 |
Deferred Income Tax Assets, Net | $ 42,216 | $ 44,884 |
Income Taxes (Summary Of Income
Income Taxes (Summary Of Income Tax Expense) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Federal | $ 27,156 | $ 20,481 | $ 17,248 |
State | 4,349 | 3,313 | 3,681 |
Total current tax expense | 31,505 | 23,794 | 20,929 |
Total deferred tax expense | (2,764) | 1,469 | 2,185 |
Income tax expense | $ 28,741 | $ 25,263 | $ 23,114 |
Income Taxes (Reconciliation Of
Income Taxes (Reconciliation Of The Significant Differences Between The Federal Statutory Income Tax Rate And Effective Income Tax Rate) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Computed federal taxes at statutory rate | $ 30,052 | $ 26,740 | $ 23,351 |
State income taxes, net of federal tax benefit | 3,225 | 2,871 | 3,124 |
Tax effects of: | |||
Tax-exempt interest income | (925) | (1,142) | (1,177) |
Bank-owned life insurance | (1,268) | (1,167) | (818) |
Income tax credits | (2,747) | (1,904) | (1,449) |
Other items, net | 404 | (135) | 83 |
Income tax expense | $ 28,741 | $ 25,263 | $ 23,114 |
Effective Income Tax Rate Reconciliation, Percent | 20.10% | 19.80% | 20.80% |
Income Taxes (Reconciliatoin Of
Income Taxes (Reconciliatoin Of The Unrecognized Tax Benefits Rollforward) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Reconciliation of the beginning and ending balance of unrecognized tax benefits | ||
Beginning balance | $ 1,619 | $ 1,846 |
Additions for current year tax positions | 230 | 351 |
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions | (44) | (17) |
Decreases related to lapse of applicable statute of limitation | (549) | (561) |
Ending balance | $ 1,256 | $ 1,619 |
Employee Benefit Plans (Narrati
Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Incentive stock options and SARs exercisable period | 10 years | |
Stock awards available to be awarded | 578,000 | |
Supplemental Unemployment Benefits, Severance Benefits | $ 1.4 | $ 1.6 |
Maximum | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Common stock issued upon the exercise of stock options, SARs and stock awards | 600,000 | |
Equity Securities | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 75% | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 77% | |
Debt Securities | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 25% | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 23% | |
Horizon Defined Benefit Plan | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Defined Benefit Plan, Plan Assets, Required Contributions by Employer | $ 0 | $ 0 |
Employee Benefit Plans (Summary
Employee Benefit Plans (Summary Of Stock Option Activity) (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |||
Options, Exercisable at end of year | 11,586 | ||
Exercise of stock options | 0 | 15,000 | 15,000 |
Share-based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price | $ 62.83 |
Employee Benefit Plans (Restric
Employee Benefit Plans (Restricted Shares Activity And Related Information) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Restricted Stock or Unit Expense | $ 3,047 | $ 2,817 | $ 2,949 |
Restricted Stock | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Restricted Awards, beginning balance | 140,606 | 146,755 | 158,554 |
Restricted Awards, Granted | 35,358 | 33,327 | 34,762 |
Restricted Awards, Forfeited/Vested | (57,328) | (39,476) | (46,561) |
Restricted Awards, ending balance | 118,636 | 140,606 | 146,755 |
Average Market Price at Grant, Granted | $ 91.46 | $ 77.21 | $ 76.38 |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 4,912 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 3 years |
Employee Benefit Plans (Summa_2
Employee Benefit Plans (Summary of 401k Activity) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Employee Benefit Plans (Summary of 401(k) Activity) [Abstract] | |||
Total expense associated with the retirement benefit plan | $ 1,246 | $ 1,138 | $ 1,075 |
Common Stock Shares Held In Benefit Plan | 165,489 | 168,332 | 178,936 |
Employee Benefit Plans (Summa_3
Employee Benefit Plans (Summary Of Activity Within The Defined Benefit Plan) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Change in fair value of plan assets: | |||
Fair value at beginning of measurement period | $ 11,460 | $ 14,704 | |
Actual gain (loss) on plan assets | 1,839 | (2,253) | |
Defined Benefit Plan, Plan Assets, Benefits Paid | 948 | 991 | |
Fair value at End of measurement period | 12,351 | 11,460 | $ 14,704 |
Change in benefit obligation: | |||
Benefit obligation at beginning of measurement period | (11,229) | (14,295) | |
Interest cost | (549) | (362) | (331) |
Actuarial loss | (43) | (260) | |
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change | (178) | 2,697 | |
Benefits paid | (948) | (991) | |
Benefit obligation at end of measurement period | (11,051) | (11,229) | $ (14,295) |
Funded status | 1,300 | 231 | |
Other comprehensive loss | $ (2,581) | $ (3,422) | |
Weighted-average assumptions for benefit cost at beginning of year, Discount rate | 4.93% | 5.14% | |
Weighted-average assumptions for balance sheet liability at end of year, Expected long-term rate of return | 6.75% | 6.75% | |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 5.14% | 2.63% | |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets | 6.75% | 6.75% |
Employee Benefit Plans (Net Per
Employee Benefit Plans (Net Periodic Pension Cost Of The Defined Benefit Plan) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |||
Interest cost | $ 549 | $ 362 | $ 331 |
Expected return on plan assets | (840) | (886) | (884) |
Net amortization and deferral | 343 | 780 | 1,122 |
Net Periodic Pension Cost | $ 52 | $ (256) | $ (569) |
Employee Benefit Plans (Schedul
Employee Benefit Plans (Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |||
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax | $ 1,121 | $ 83 | $ 2,848 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax | (280) | (20) | (672) |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax | 841 | 63 | $ 2,176 |
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax | 3,398 | 4,519 | |
Underfunded pension liability, deferred tax benefit | (817) | (1,097) | |
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $ 2,581 | $ 3,422 |
Employee Benefit Plans (Summa_4
Employee Benefit Plans (Summary Of Expected Benefit Payments) (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |
Defined Benefit Plan, Expected Future Benefit Payment, Year One | $ 1,014 |
Defined Benefit Plan, Expected Future Benefit Payment, Year Two | 1,014 |
Defined Benefit Plan, Expected Future Benefit Payment, Year Three | 998 |
Defined Benefit Plan, Expected Future Benefit Payment, Year Four | 977 |
Defined Benefit Plan, Expected Future Benefit Payment, Year Five | 960 |
Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years | $ 4,344 |
Employee Benefit Plans (Summa_5
Employee Benefit Plans (Summary Of Assets Segregated By Level Of Valuation Inputs Within The Fair Value Hierarchy) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | |||
Total | $ 12,351 | $ 11,460 | $ 14,704 |
Level 1 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 9,549 | 8,766 | |
Level 2 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 2,802 | 2,694 | |
Level 3 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 0 | 0 | |
Cash and Cash Equivalents | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 62 | 15 | |
Cash and Cash Equivalents | Level 1 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 62 | 15 | |
Cash and Cash Equivalents | Level 2 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 0 | 0 | |
Cash and Cash Equivalents | Level 3 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 0 | 0 | |
Common stocks | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 9,487 | 8,751 | |
Common stocks | Level 1 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 9,487 | 8,751 | |
Common stocks | Level 2 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 0 | 0 | |
Common stocks | Level 3 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 0 | 0 | |
Corporate Bond Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 2,802 | 2,694 | |
Corporate Bond Securities | Level 1 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 0 | 0 | |
Corporate Bond Securities | Level 2 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | 2,802 | 2,694 | |
Corporate Bond Securities | Level 3 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total | $ 0 | $ 0 |
Employee Benefit Plans (Summa_6
Employee Benefit Plans (Summary of Pentegra Plans) (Details) - Pentegra Defined Benefit Plan for Financial Institutions | Dec. 31, 2023 |
Classic Bancshares, Inc. [Domain] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Defined Benefit Plan, Funded Percentage | 88.26% |
Poage Bankshares, Inc. | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Defined Benefit Plan, Funded Percentage | 86.39% |
Employee Benefit Plans (Summa_7
Employee Benefit Plans (Summary of Other Post-Retirement Benefits) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Employee Benefit Plans (Summary of Other Post-Retirement Benefits) [Abstract] | |||
Deferred compensation agreement costs | $ 231 | $ 251 | $ 277 |
Deferred compensation agreement liabilities | 5,175 | 5,527 | 5,995 |
Cash Surrender Value of Life Insurance | $ 4,841 | $ 4,787 | $ 5,071 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans and Leases Receivable, Related Parties | $ 6,809 | $ 16,001 |
Total principal additions | 133 | |
Total principal reductions | (9,325) | |
Unfunded Loan Commitment | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans and Leases Receivable, Related Parties | $ 5,700 | $ 6,700 |
Commitments And Contingencies_2
Commitments And Contingencies (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Standby letters of credit | ||
Other Commitments [Line Items] | ||
Contractual obligations | $ 4,916 | $ 5,205 |
Commercial letters of credit | ||
Other Commitments [Line Items] | ||
Contractual obligations | 6,117 | 2,006 |
Home equity lines | Commitments to extend credit: | ||
Other Commitments [Line Items] | ||
Contractual obligations | 243,893 | 232,295 |
Commercial Real Estate | Commitments to extend credit: | ||
Other Commitments [Line Items] | ||
Contractual obligations | 52,002 | 53,226 |
Other commitments | Commitments to extend credit: | ||
Other Commitments [Line Items] | ||
Contractual obligations | $ 316,200 | $ 257,222 |
Preferred Stock Preferred Stock
Preferred Stock Preferred Stock (Details) | Dec. 31, 2023 shares |
Preferred Stock, Number of Shares, Par Value and Other Disclosure [Abstract] | |
Preferred shares outstanding | 0 |
Regulatory Requirements And C_3
Regulatory Requirements And Capital Ratios (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Parent Company | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Cash balance | $ 63,988 | $ 54,597 |
City National | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Dividends Available Without Regulatory Approval | $ 53,300 |
Regulatory Requirements And C_4
Regulatory Requirements And Capital Ratios (Schedule Of Capital Amounts And Ratios) (Details) $ in Thousands | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Parent Company | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 capital | $ 627,579 | $ 598,068 |
CET1 ratio | 0.157 | 0.162 |
CET1 capital, minimum capital required basel III fully phased in | $ 279,768 | $ 257,965 |
CET1 ratio, minimum capital required basel III fully phased in | 7% | 7% |
CET1 capital, required to be well-capitalized | $ 259,875 | $ 239,538 |
CET1 ratio, required to be well capitalized | 6.50% | 6.50% |
Tier I capital | $ 627,579 | $ 598,068 |
Tier I capital, ratio | 0.157 | 0.162 |
Tier 1, capital, minimum capital required basel III fully phased in | $ 339,718 | $ 313,243 |
Tier 1, ratio, minimum capital required basel III fully phased in | 8.50% | 8.50% |
Tier 1, capital, required to be well-capitalized | $ 319,735 | $ 294,817 |
Tier 1, ratio, required to be well-capitalized | 0.080 | 0.080 |
Total capital | $ 648,646 | $ 612,654 |
Total capital, ratio | 0.162 | 0.166 |
Total capital, minimum capital required basel III fully phased in | $ 419,652 | $ 386,947 |
Total capital, ratio, minimum capital required basel III fully phased in | 10.50% | 10.50% |
Total capital, required to be well-capitalized | $ 399,669 | $ 368,521 |
Total capital, ratio, required to be well-capitalized | 0.100 | 0.100 |
Tier 1 Leverage Capital, Average Assets | $ 627,579 | $ 598,068 |
Tier I Leverage Ratio, Average Assets | 0.102 | 0.100 |
Tier 1 Leverage Capital, minimum capital required basel III fully phased in | $ 245,468 | $ 238,954 |
Tier 1 Leverage Ratio, minimum capital required basel III fully phased in | 4% | 4% |
Tier 1 Leverage Capital Required to be Well Capitalized | $ 306,835 | $ 298,692 |
Tier 1 Leverage Capital, Average Assets, Well Capitalized Ratio | 0.050 | 0.050 |
City National | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 capital | $ 549,031 | $ 508,586 |
CET1 ratio | 0.138 | 0.139 |
CET1 capital, minimum capital required basel III fully phased in | $ 278,692 | $ 256,520 |
CET1 ratio, minimum capital required basel III fully phased in | 7% | 7% |
CET1 capital, required to be well-capitalized | $ 258,785 | $ 238,197 |
CET1 ratio, required to be well capitalized | 6.50% | 6.50% |
Tier I capital | $ 549,031 | $ 508,586 |
Tier I capital, ratio | 0.138 | 0.139 |
Tier 1, capital, minimum capital required basel III fully phased in | $ 338,412 | $ 311,488 |
Tier 1, ratio, minimum capital required basel III fully phased in | 8.50% | 8.50% |
Tier 1, capital, required to be well-capitalized | $ 318,505 | $ 293,166 |
Tier 1, ratio, required to be well-capitalized | 0.080 | 0.080 |
Total capital | $ 570,099 | $ 523,172 |
Total capital, ratio | 0.143 | 0.143 |
Total capital, minimum capital required basel III fully phased in | $ 418,038 | $ 384,780 |
Total capital, ratio, minimum capital required basel III fully phased in | 10.50% | 10.50% |
Total capital, required to be well-capitalized | $ 398,131 | $ 366,457 |
Total capital, ratio, required to be well-capitalized | 0.100 | 0.100 |
Tier 1 Leverage Capital, Average Assets | $ 549,031 | $ 508,586 |
Tier I Leverage Ratio, Average Assets | 0.089 | 0.086 |
Tier 1 Leverage Capital, minimum capital required basel III fully phased in | $ 245,587 | $ 237,973 |
Tier 1 Leverage Ratio, minimum capital required basel III fully phased in | 4% | 4% |
Tier 1 Leverage Capital Required to be Well Capitalized | $ 306,984 | $ 297,466 |
Tier 1 Leverage Capital, Average Assets, Well Capitalized Ratio | 0.050 | 0.050 |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Minimum | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Collateral discount | 10% | 10% |
Fair Value Measurements (Schedu
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ 1,871,000 | $ 2,459,000 | $ 3,461,000 |
FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleListNotDisclosedFlag | Changes in fair value | ||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) | 95,000 | $ (183,000) | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) | (683,000) | (819,000) | |
Fair Value, Recurring | Obligations of states and political subdivisions | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 212,738,000 | 268,315,000 | |
Fair Value, Recurring | Obligations of states and political subdivisions | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 212,738,000 | 268,315,000 | |
Fair Value, Recurring | U.S. Government agencies | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 1,088,093,000 | 1,202,279,000 | |
Fair Value, Recurring | U.S. Government agencies | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 1,088,093,000 | 1,202,279,000 | |
Fair Value, Recurring | Private label | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 6,704,000 | 7,231,000 | |
Fair Value, Recurring | Private label | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 4,833,000 | 4,772,000 | |
Fair Value, Recurring | Private label | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 1,871,000 | 2,459,000 | |
Fair Value, Recurring | Trust preferred securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 4,278,000 | 3,828,000 | |
Fair Value, Recurring | Trust preferred securities | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 4,278,000 | 3,828,000 | |
Fair Value, Recurring | Corporate securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 26,324,000 | 23,867,000 | |
Fair Value, Recurring | Corporate securities | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 26,324,000 | 23,867,000 | |
Fair Value, Recurring | Equity Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 7,538,000 | 7,569,000 | |
Fair Value, Recurring | Equity Securities | Level 1 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 3,093,000 | 3,851,000 | |
Fair Value, Recurring | Equity Securities | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 4,445,000 | 3,718,000 | |
Fair Value, Recurring | Certificates of Deposit | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 747,000 | |
Fair Value, Recurring | Certificates of Deposit | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 747,000 | ||
Fair Value, Recurring | Derivative assets | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 60,527,000 | 81,838,000 | |
Fair Value, Recurring | Derivative assets | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 60,527,000 | 81,838,000 | |
Fair Value, Recurring | Derivative liabilities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 48,578,000 | 65,056,000 | |
Fair Value, Recurring | Derivative liabilities | Level 1 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 0 | 0 | |
Fair Value, Recurring | Derivative liabilities | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 48,578,000 | 65,056,000 | |
Fair Value, Recurring | Derivative liabilities | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 0 | 0 | |
Fair Value, Nonrecurring | Other real estate owned | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 731,000 | 909,000 | |
Fair Value, Nonrecurring | Other real estate owned | Level 1 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Nonrecurring | Other real estate owned | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Nonrecurring | Other real estate owned | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | $ 731,000 | $ 909,000 |
Fair Value Measurements (Sche_2
Fair Value Measurements (Schedule Of Estimates Of Fair Value Of Financial Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ||
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | $ 1,338,137 | $ 1,505,520 |
Other securities | 30,966 | $ 23,807 |
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other assets | |
Derivative Asset | 675 | |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Derivative Liability, Statement of Financial Position [Extensible Enumeration] | Other liabilities | |
Accrued interest receivable | 20,290 | $ 18,287 |
Carrying Amount | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ||
Cash and Cash Equivalents, Fair Value Disclosure | 156,276 | 200,000 |
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | 1,338,137 | 1,505,520 |
Other securities | 7,538 | 7,569 |
Loans Receivable, Fair Value Disclosure | 3,629,150 | |
Accrued Interest Receivable Fair Value Disclosure | 18,287 | |
Derivative Asset | 60,527 | 81,838 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Deposits, Fair Value Disclosure | 4,934,262 | 4,869,866 |
Short-term Debt, Fair Value | 334,856 | 290,964 |
Accrued Interest Payable Fair Value Disclosure | 4,301 | 953 |
Derivative Liability | 48,578 | 65,056 |
Long-term Debt, Fair Value | 100,000 | |
Financing Receivable, after Allowance for Credit Loss | 4,103,178 | |
Accrued interest receivable | 20,290 | |
Fair Value | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ||
Cash and Cash Equivalents, Fair Value Disclosure | 156,276 | 200,000 |
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | 1,338,137 | 1,505,520 |
Other securities | 7,538 | 7,569 |
Loans Receivable, Fair Value Disclosure | 3,491,318 | |
Accrued Interest Receivable Fair Value Disclosure | 18,287 | |
Derivative Asset | 60,527 | 81,838 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Deposits, Fair Value Disclosure | 4,617,487 | 4,867,883 |
Short-term Debt, Fair Value | 334,856 | 290,964 |
Accrued Interest Payable Fair Value Disclosure | 4,301 | 953 |
Derivative Liability | 48,578 | 65,056 |
Long-term Debt, Fair Value | 99,928 | |
Financing Receivable, after Allowance for Credit Loss | 3,922,638 | |
Accrued interest receivable | 20,290 | |
Level 1 | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ||
Cash and Cash Equivalents, Fair Value Disclosure | 156,276 | 200,000 |
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | 0 | 0 |
Other securities | 3,093 | 3,851 |
Loans Receivable, Fair Value Disclosure | 0 | |
Accrued Interest Receivable Fair Value Disclosure | 0 | |
Derivative Asset | 0 | 0 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Deposits, Fair Value Disclosure | 3,591,458 | 3,981,766 |
Short-term Debt, Fair Value | 0 | 0 |
Accrued Interest Payable Fair Value Disclosure | 4,301 | 953 |
Derivative Liability | 0 | 0 |
Long-term Debt, Fair Value | 0 | |
Financing Receivable, after Allowance for Credit Loss | 0 | |
Accrued interest receivable | 0 | |
Level 2 | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | 0 |
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | 1,336,266 | 1,503,061 |
Other securities | 4,445 | 3,718 |
Loans Receivable, Fair Value Disclosure | 0 | |
Accrued Interest Receivable Fair Value Disclosure | 18,287 | |
Derivative Asset | 60,527 | 81,838 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Deposits, Fair Value Disclosure | 1,026,029 | 886,117 |
Short-term Debt, Fair Value | 334,856 | 290,964 |
Accrued Interest Payable Fair Value Disclosure | 0 | 0 |
Derivative Liability | 48,578 | 65,056 |
Long-term Debt, Fair Value | 99,928 | |
Financing Receivable, after Allowance for Credit Loss | 0 | |
Accrued interest receivable | 20,290 | |
Level 3 | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | 0 |
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | 1,871 | 2,459 |
Other securities | 0 | 0 |
Loans Receivable, Fair Value Disclosure | 3,491,318 | |
Accrued Interest Receivable Fair Value Disclosure | 0 | |
Derivative Asset | 0 | 0 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Deposits, Fair Value Disclosure | 0 | 0 |
Short-term Debt, Fair Value | 0 | 0 |
Accrued Interest Payable Fair Value Disclosure | 0 | 0 |
Derivative Liability | 0 | $ 0 |
Long-term Debt, Fair Value | 0 | |
Financing Receivable, after Allowance for Credit Loss | 3,922,638 | |
Accrued interest receivable | $ 0 |
City Holding Company (Parent _3
City Holding Company (Parent Company Only) Financial Information (Condensed Balance Sheets) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | |||
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | $ 1,338,137 | $ 1,505,520 | |
Net Loans | 4,103,178 | 3,629,150 | |
Fixed assets | 72,146 | 70,786 | |
Deferred tax assets, net | 42,216 | 44,884 | |
Other assets | 124,153 | 149,263 | |
Total Assets | 6,168,052 | 5,878,106 | |
Liabilities | |||
Other liabilities | 121,868 | 139,424 | |
Total Liabilities | 5,490,986 | 5,300,254 | |
Total Shareholders’ Equity | 677,066 | 577,852 | $ 681,105 |
Total Liabilities and Shareholders’ Equity | 6,168,052 | 5,878,106 | |
Parent Company | |||
Assets | |||
Cash | 63,988 | 54,597 | |
Investment securities available for sale, at fair value (amortized cost $1,479,545 and $1,673,864, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022, respectively) | 1,781 | 2,530 | |
Investment in subsidiaries | 620,757 | 530,144 | |
Net Loans | 372 | 424 | |
Fixed assets | 0 | 2 | |
Deferred tax assets, net | 182 | 32 | |
Other assets | 1,193 | 1,321 | |
Total Assets | 688,273 | 589,050 | |
Liabilities | |||
Dividends payable | 10,692 | 9,748 | |
Other liabilities | 515 | 1,450 | |
Total Liabilities | 11,207 | 11,198 | |
Total Shareholders’ Equity | 677,066 | 577,852 | |
Total Liabilities and Shareholders’ Equity | $ 688,273 | $ 589,050 |
City Holding Company (Parent _4
City Holding Company (Parent Company Only) Financial Information (Condensed Statements Of Comprehensive Income) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Condensed Financial Statements, Captions [Line Items] | |||
Equity Securities, FV-NI, Unrealized Loss | $ (4,476) | $ (1,581) | $ 816 |
Interest Expense | 52,023 | 9,655 | 9,894 |
Income tax benefit | 28,741 | 25,263 | 23,114 |
Net Income Available to Common Shareholders | 114,365 | 102,071 | 88,080 |
Total Comprehensive Income (Loss) | 135,314 | (43,677) | 71,107 |
Parent Company | |||
Condensed Financial Statements, Captions [Line Items] | |||
Dividend Income, Operating | 108,895 | 90,500 | 96,000 |
Equity Securities, FV-NI, Unrealized Loss | (302) | (52) | 820 |
Other income | 98 | 99 | 191 |
Income | 108,691 | 90,547 | 97,011 |
Other expenses | 2,024 | 2,077 | 1,610 |
Expenses | 2,024 | 2,077 | 1,610 |
Income Before Income Tax Benefit and Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 106,667 | 88,470 | 95,401 |
Income tax benefit | (650) | (604) | (264) |
Income Before Equity in Undistributed Net Income (Excess Dividends) of Subsidiaries | 107,317 | 89,074 | 95,665 |
Equity in undistributed net income (excess dividends) of subsidiaries | 7,048 | 12,997 | (7,585) |
Net Income Available to Common Shareholders | 114,365 | 102,071 | 88,080 |
Total Comprehensive Income (Loss) | $ 135,316 | $ (43,677) | $ 71,107 |
City Holding Company (Parent _5
City Holding Company (Parent Company Only) Financial Information (Condensed Statements Of Cash Flows) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Operating Activities | |||
Net Income Available to Common Shareholders | $ 114,365,000 | $ 102,071,000 | $ 88,080,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Unrealized and Realized Investment Gains (Losses) | 4,476,000 | 1,581,000 | (816,000) |
Deferred income tax expense (benefit) | (2,764,000) | 1,469,000 | 2,185,000 |
Stock based compensation | 3,213,000 | 3,276,000 | 3,121,000 |
Change in other assets | 14,526,000 | (20,643,000) | (8,737,000) |
Change in other liabilities | (3,203,000) | 20,068,000 | 11,731,000 |
Net Cash Provided by Operating Activities | 137,580,000 | 115,817,000 | 102,273,000 |
Proceeds from sales | 205,627,000 | 0 | 0 |
Proceeds from sales | 536,000 | 449,000 | 4,813,000 |
Investing Activities | |||
Payments for (Proceeds from) Loans and Leases | (223,785,000) | (102,991,000) | 76,992,000 |
Net Cash Used in Investing Activities | 14,680,000 | (410,452,000) | (191,167,000) |
Financing Activities | |||
Dividends paid | (39,993,000) | (36,702,000) | (36,138,000) |
Purchases of treasury stock | (60,134,000) | (26,449,000) | (58,678,000) |
Net Cash (Used) Provided by Financing Activities | (195,984,000) | (139,996,000) | 194,866,000 |
(Decrease) Increase in Cash and Cash Equivalents | (43,724,000) | (434,631,000) | 105,972,000 |
Cash and cash equivalents at beginning of period | 200,000,000 | 634,631,000 | 528,659,000 |
Cash and Cash Equivalents at End of Period | 156,276,000 | 200,000,000 | 634,631,000 |
Acquisition of Citizens Commerce Bancshares, Inc. | 14,016,000 | 0 | 0 |
Parent Company | |||
Operating Activities | |||
Net Income Available to Common Shareholders | 114,365,000 | 102,071,000 | 88,080,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Unrealized and Realized Investment Gains (Losses) | 302,000 | 52,000 | (820,000) |
Deferred income tax expense (benefit) | (150,000) | (136,000) | (194,000) |
Depreciation, Amortization and Accretion, Net | 0 | 0 | 0 |
Stock based compensation | 3,213,000 | 3,277,000 | 3,121,000 |
Change in other assets | 128,000 | (465,000) | 89,000 |
Change in other liabilities | (4,134,000) | (1,851,000) | (2,775,000) |
Equity In Undistributed Earnings Of Subsidiaries | (7,048,000) | (12,997,000) | 7,585,000 |
Net Cash Provided by Operating Activities | 106,676,000 | 89,951,000 | 95,086,000 |
Proceeds from sales | 0 | 61,000 | 3,443,000 |
Proceeds from sales | 447,000 | 0 | 0 |
Investing Activities | |||
Payments for (Proceeds from) Loans and Leases | 52,000 | 55,000 | 145,000 |
Net Cash Used in Investing Activities | 2,842,000 | 116,000 | 3,588,000 |
Financing Activities | |||
Repayments of Subordinated Debt | 0 | 0 | 0 |
Dividends paid | (39,993,000) | (36,702,000) | (36,138,000) |
Purchases of treasury stock | (60,134,000) | (26,449,000) | (58,678,000) |
Exercise of stock options | 0 | 797,000 | 691,000 |
Net Cash (Used) Provided by Financing Activities | (100,127,000) | (62,354,000) | (94,125,000) |
(Decrease) Increase in Cash and Cash Equivalents | 9,391,000 | 27,713,000 | 4,549,000 |
Cash and cash equivalents at beginning of period | 54,597,000 | 26,884,000 | 22,335,000 |
Cash and Cash Equivalents at End of Period | 63,988,000 | 54,597,000 | 26,884,000 |
Acquisition of Citizens Commerce Bancshares, Inc. | $ 2,343,000 | $ 0 | $ 0 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |||
Net Income Available to Common Shareholders | $ 114,365 | $ 102,071 | $ 88,080 |
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | 1,036 | 958 | 843 |
Distributed earnings allocated to common shares outstanding | 40,121 | 36,619 | 34,901 |
Undistributed earnings allocated to common shares outstanding | 73,208 | 64,494 | 52,336 |
Net earnings allocated to common shareholders | $ 113,329 | $ 101,113 | $ 87,237 |
Average shares outstanding, basic | 14,868 | 14,847 | 15,381 |
Effect of dilutive securities | 23 | 26 | 26 |
Average shares outstanding, diluted | 14,891 | 14,873 | 15,407 |
Basic earnings per share | $ 7.62 | $ 6.81 | $ 5.67 |
Diluted earnings per share | $ 7.61 | $ 6.80 | $ 5.66 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Combined Federal And State Income Tax Rate | 24% | 24% | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
Beginning balance | $ (131,488) | $ 14,260 | |
Other comprehensive income (loss) before reclassifications | 17,207 | (145,745) | |
Amounts reclassified from other comprehensive (loss) income | 3,742 | (3) | |
Other Comprehensive Income (Loss), Net of Tax | 20,949 | (145,748) | $ (16,973) |
Ending balance | (110,539) | (131,488) | 14,260 |
Defined Benefit Pension Plans | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
Beginning balance | (3,422) | (3,485) | |
Other comprehensive income (loss) before reclassifications | 841 | 63 | |
Amounts reclassified from other comprehensive (loss) income | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | 841 | 63 | |
Ending balance | (2,581) | (3,422) | (3,485) |
Unrealized Gains (Losses) on Securities Available-for-Sale | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
Beginning balance | (128,066) | 17,745 | |
Other comprehensive income (loss) before reclassifications | 16,366 | (145,808) | |
Amounts reclassified from other comprehensive (loss) income | 3,742 | (3) | |
Other Comprehensive Income (Loss), Net of Tax | 20,108 | (145,811) | |
Ending balance | $ (107,958) | $ (128,066) | $ 17,745 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Loss Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Gains on sale of investment securities | $ 4,908 | $ (4) | $ (312) |
Income tax expense | 28,741 | 25,263 | 23,114 |
Net Income Available to Common Shareholders | (114,365) | (102,071) | (88,080) |
Unrealized Gains (Losses) on Securities Available-for-Sale | Reclassification out of Accumulated Other Comprehensive Income | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Gains on sale of investment securities | 4,908 | (4) | (312) |
Income tax expense | (1,166) | 1 | 75 |
Net Income Available to Common Shareholders | $ 3,742 | $ (3) | $ (237) |
Contracts With Customers (Detai
Contracts With Customers (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenue from External Customer [Line Items] | |||
Revenue | $ 69,068 | $ 68,099 | $ 64,930 |
RevenueOutsideScopeofTopic606 | 1,561 | 3,978 | 4,711 |
Noninterest Income | 70,629 | 72,077 | 69,641 |
Fees and Commissions, Depositor Accounts | |||
Revenue from External Customer [Line Items] | |||
Revenue | 27,751 | 28,335 | 25,539 |
Fees and Commissions, Debit Cards | |||
Revenue from External Customer [Line Items] | |||
Revenue | 27,960 | 27,349 | 26,987 |
Fees and Commissions, Fiduciary and Trust Accounts | |||
Revenue from External Customer [Line Items] | |||
Revenue | 9,563 | 8,798 | 8,415 |
Other Non-Interest Income | |||
Revenue from External Customer [Line Items] | |||
Revenue | $ 3,794 | $ 3,617 | $ 3,989 |