Exhibit 99.1
Welcome
Annual Shareholders Meeting
April 30, 2003
Our Business Model
| • | We are a retail bank |
| • | We focus on core deposit gathering |
| • | We employ a simple business model |
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Key Markets
25 Gatewater Road
Charleston, West Virginia 25313
(304) 769-1106
www.cityholding.com
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City Holding Company Profile
| n | 55 branches reaching 149,000 households through 276,000 accounts |
| n | Principal Markets Include: |
| ¨ | Charleston (Capitol Region) |
| • | 34% of CHCO’s deposits |
| ¨ | Beckley/Lewisburg (Allegheny Region) |
| • | 31% of CHCO’s deposits |
| ¨ | Huntington (Tri-State Region) |
| • | 16% of CHCO’s deposits |
| ¨ | Eastern Panhandle (Blue Ridge Region) |
| • | 7% of CHCO’s deposits |
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Deposit Market Share
Source: FDIC Market Share Deposit data as of June 30, 2002
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City National Bank
Customer Profile
Source: Internal data as of March 31, 2003
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City National Bank
Customer Profile
Source: Internal data as of March 31, 2003
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High Quality and Stable Source of Funds
Liability Mix
(as of March 31, 2003)
City National Bank | Peer Group* | |
n Transaction & Savings Deposits | n Transaction & Savings Deposits | |
n Time <$100K | n Time <$100K | |
n Time>$100K; Repo & Other Borrowings | n Time>$100K; Repo & Other Borrowings |
*$1-3 billion peer group as compiled by the FFIEC in their Uniform Bank Performance Reports
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Conservative Lending Focus
| • | Focus on originating in-market loans secured by real estate |
| • | Exited the indirect lending and out-of-market loan business |
| • | Non-performing assets totaled $3.1M as of March 31, 2003 |
| – | Non-performing assets represent 0.27% of total loans and other real estate owned |
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Granularity of Loan Portfolio
Loan Mix
(as of March 31, 2003)
City National Bank | Peer Group* |
n Residential Real Estate | n Home Equity | n Consumer/Other | n Residential Real Estate | n Home Equity | n Consumer/Other | |||||
¨ Commercial Real Estate | n C&I | ¨ Commercial Real Estate | n C&I |
| • | The loan portfolio contains only five loan relationships with outstanding balances in excess of $5M |
*$1-3 billion peer group as compiled by the FFIEC in their Uniform Bank Performance Reports
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Granularity of Loans Portfolio
(as of March 31, 2003)
| • | Loan comprised 58.4% of City’s assets and are diversified by type |
Loan Breakdown | Balance ($000) | ||
Residential Real Estate | $ | 463,813 | |
Home Equity | $ | 232,048 | |
Commercial Real Estate | $ | 288,724 | |
Other Commercial | $ | 88,824 | |
Installment | $ | 53,488 | |
Indirect | �� | $ | 41,475 |
Credit Card | $ | 18,780 | |
Total Loans | $ | 1,187,152 | |
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Conservative Lending Focus
Real Estate v. Non-Real Estate
Loans
(as of March 31, 2003)
Other Loans
20%
Loans Secured By
Real Estate
80%
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High Level of Liquidity
| • | Loan-to-deposit ratio was 75% as of March 31, 2003 |
| • | Investment portfolio represents 25% of assets |
| • | $55 million in overnight investments, fed funds sold, and term fed funds sold |
| • | High level of liquidity is augmented by a primarily unpledged investment portfolio and a limited use of wholesale funding |
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High Asset Quality and Strong Reserves
No loan loss provision was deemed necessary during the Second Half of 2002 and Q1 2003
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Revenue Profile
Data as of March 31, 2003
*$1-3 billion peer group as compiled by the FFIEC in their Uniform Bank Performance Reports
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Current Performance
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Performance Objectives
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Named 7th Top Performing Stock in 2002 by Bloomberg 100 and only bank in the top 10
Over two year period, 391% appreciation is best of all USA banks and 4th best of all USA publicly traded companies
Questions?