City Holding Co., the corporate parent of City National Bank, reported 2012 third-quarter net income of $10.6 million.
In comparison, City reported net income of $11.6 million in the same period a year ago.
Charles "Skip" Hageboeck, City's chief executive officer, said the company's performance in the most recent quarter, "in a difficult economic climate," was solid. City's net interest margin was up, loans and deposits grew, and asset quality remained strong, he said.
City acquired Virginia Savings Bank in May. The company announced in August that
it is acquiring Community
Financial Corp. of Staunton, Va.
City is headquartered in Cross Lanes. The company has $2.9 billion in assets and operates a total of 73 offices in West Virginia, Kentucky, Virginia and Ohio.