| Dec'19 | Dec'18 | Sep'17 | Sep'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
54,717 | 22,736 | 31,072 | 32,953 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Amortization of deferred loan costs, fees and purchased premiums and discounts | ||||||
-1,205 | -1,965 | -1,006 | -745 | |||
Net amortization of premiums and discounts on securities | ||||||
-1,160 | -1,212 | -1,460 | -2,013 | |||
Net amortization of mortgage servicing rights | ||||||
-109 | -88 | 105 | 105 | |||
Amortization of debt issuance costs | ||||||
0 | 890 | 53 | 53 | |||
Amortization of intangible assets | ||||||
222 | 0 | 0 | - | |||
Depreciation and amortization of office properties and equipment | ||||||
4,880 | 3,839 | 3,364 | 3,178 | |||
Provision for loan losses | ||||||
4,224 | 6,677 | 6,426 | 417 | |||
Gain on securities transactions | ||||||
2,612 | 116 | -1,689 | 355 | |||
Change in fair value of equity securities | ||||||
305 | 0 | 0 | - | |||
Proceeds from sales of loans held-for-sale | ||||||
101,946 | 3,615 | 40,564 | 42,411 | |||
Origination of loans held-for-sale | ||||||
0 | 0 | 40,280 | 23,812 | |||
Gain on sale of loans | ||||||
785 | 618 | -380 | 655 | |||
Loss on real estate owned | ||||||
-1 | -56 | 233 | -441 | |||
Loss on write-down of real estate owned | ||||||
0 | 55 | 0 | 0 | |||
Loss on disposal of office properties and equipment | ||||||
-3 | 5 | -169 | -38 | |||
Deferred tax expense | ||||||
7,527 | -5,490 | -1,426 | 2,930 | |||
Increase in accrued interest receivable | ||||||
959 | 2,979 | 1,531 | 1,864 | |||
(Increase) decrease in other assets | ||||||
51,856 | 11,053 | 11,681 | 269 | |||
Increase (decrease) in accrued expenses and other liabilities | ||||||
3,032 | 7,980 | 9,840 | 5,033 | |||
Income on bank-owned life insurance | ||||||
5,800 | 5,200 | 4,900 | 4,370 | |||
Contribution of common stock to Columbia Bank Foundation | ||||||
0 | 34,767 | 0 | 0 | |||
Employee stock ownership plan expense | ||||||
3,566 | 2,594 | 0 | 0 | |||
Stock based compensation | ||||||
3,694 | 0 | 0 | - | |||
Increase in deferred compensation obligations under Rabbi Trust | ||||||
65 | -620 | 0 | 0 | |||
Net cash provided by operating activities | ||||||
123,770 | 60,209 | 36,041 | 58,992 | |||
Cash flows from investing activities: | ||||||
Proceeds from sales of debt securities available for sale | ||||||
65,200 | 11,513 | 187,400 | 164,203 | |||
Proceeds from sale of equity securities | ||||||
1,065 | 0 | 0 | - | |||
Proceeds from paydowns/maturities/calls of debt securities available for sale | ||||||
149,683 | 69,977 | 68,409 | 96,956 | |||
Proceeds from paydowns/maturities/calls of debt securities held to maturity | ||||||
46,133 | 8,820 | 769 | 0 | |||
Purchases of debt securities available for sale | ||||||
176,171 | 413,804 | 162,788 | - | |||
Purchases of securities available for sale | ||||||
- | - | - | 357,477 | |||
Purchases of debt securities held to maturity | ||||||
70,126 | 31,639 | 30,484 | 0 | |||
Purchase of equity securities | ||||||
416 | 0 | 0 | - | |||
Proceeds from sales of loans held-for-sale | ||||||
- | - | - | 0 | |||
Proceeds from sales of loans receivable | ||||||
11,671 | 32,039 | 62,407 | 28,600 | |||
Payments to Acquire Loans Receivable | ||||||
89,774 | 32,251 | 20,473 | 21,149 | |||
Net increase in loans receivable | ||||||
503,772 | 536,129 | 425,926 | 196,106 | |||
Purchase of bank-owned life insurance | ||||||
0 | 30,000 | 4,500 | 6,000 | |||
Proceeds from bank-owned life insurance death benefit | ||||||
1,015 | 1,241 | 1,631 | 0 | |||
Proceeds from redemptions of Federal Home Loan Bank stock | ||||||
72,871 | 67,035 | 33,193 | 16,560 | |||
Purchases of Federal Home Loan Bank stock | ||||||
79,796 | 81,309 | 35,035 | 16,138 | |||
Proceeds from sales of office properties and equipment | ||||||
0 | 8 | 17 | 0 | |||
Additions to office properties and equipment | ||||||
19,344 | 13,272 | 6,527 | 3,665 | |||
Proceeds from sale of real estate owned | ||||||
91 | 1,007 | 1,614 | 3,620 | |||
Net cash acquired in acquisition | ||||||
31,288 | 0 | - | - | |||
Net cash used in investing activities | ||||||
-622,960 | -946,764 | -330,317 | -290,572 | |||
Cash flows from financing activities: | ||||||
Net increase in deposits | ||||||
449,270 | 150,558 | 300,613 | 250,191 | |||
Proceeds from long-term borrowings | ||||||
140,000 | 220,980 | 168,400 | 10,000 | |||
Payments on long-term borrowings | ||||||
230,000 | 210,000 | 90,000 | 55,000 | |||
Net decrease in short-term borrowings | ||||||
225,081 | 299,800 | -27,400 | 24,400 | |||
Payments on trust preferred securities | ||||||
0 | 51,547 | 0 | 0 | |||
Increase in advance payments by borrowers for taxes and insurance | ||||||
3,121 | 6,467 | -2,056 | 4,505 | |||
Issuance of common stock | ||||||
14 | 492,428 | 0 | 0 | |||
Purchase of treasury stock | ||||||
55,309 | 0 | 0 | - | |||
Origination of Loans to Employee Stock Ownership Plans | ||||||
0 | 45,428 | 0 | 0 | |||
Restricted stock forfeitures | ||||||
736 | 0 | - | - | |||
Issuance of treasury stock allocated to restricted stock award grants | ||||||
1,095 | 0 | - | - | |||
Net cash provided by financing activities | ||||||
532,536 | 863,258 | 349,557 | 234,096 | |||
Net increase in cash and cash equivalents | ||||||
33,346 | -23,297 | 55,281 | 2,516 | |||
Cash paid during the period for: | ||||||
Interest on deposits and borrowings | ||||||
87,370 | 61,987 | 44,397 | 44,545 | |||
Income tax payments | ||||||
-2,893 | 21,325 | 27,784 | 8,038 | |||
Non-cash investing and financing activities: | ||||||
Transfer of loans receivable to real estate owned | ||||||
0 | 251 | 515 | 2,278 | |||
Transfer of loans receivable to loans held-for-sale | ||||||
93,147 | 11,696 | 0 | 0 | |||
Transfer of loans receivable to loans held-for-sale | ||||||
0 | 0 | 103,700 | 0 | |||
Securitization of loans | ||||||
21,615 | 0 | 0 | - | |||
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) [Abstract] | ||||||
Noncash or Part Noncash Acquisition, Debt Securities, Available-for-sale Acquired | ||||||
51,710 | 0 | 0 | - | |||
Noncash or Part Noncash Acquisition, Equity Securities, FV-NI Acquired | ||||||
1,073 | 0 | 0 | - | |||
Federal Home Loan Bank stock | ||||||
3,716 | 0 | 0 | - | |||
Loans receivable | ||||||
757,223 | 0 | 0 | - | |||
Accrued interest receivable | ||||||
2,239 | 0 | 0 | - | |||
Office properties and equipment, net | ||||||
6,815 | 0 | 0 | - | |||
Bank-owned life insurance | ||||||
22,096 | 0 | 0 | - | |||
Deferred tax assets, net | ||||||
3,534 | 0 | 0 | - | |||
Core deposit and other intangibles | ||||||
7,467 | 0 | 0 | - | |||
Noncash or Part Noncash Acquisition, Other Assets Acquired | ||||||
767 | 0 | 0 | - | |||
Total non-cash assets acquired | ||||||
856,640 | 0 | 0 | - | |||
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed [Abstract] | ||||||
Deposits | ||||||
782,698 | 0 | 0 | - | |||
Noncash or Part Noncash Acquisition, Debt Assumed | ||||||
82,761 | 0 | 0 | - | |||
Advance payments by borrowers for taxes and insurance | ||||||
356 | 0 | 0 | - | |||
Accrued expenses and other liabilities | ||||||
14,584 | 0 | 0 | - | |||
Total liabilities assumed | ||||||
880,399 | 0 | 0 | - | |||
Net non-cash liabilities acquired | ||||||
-23,759 | 0 | 0 | - | |||
Noncash or Part Noncash Acquisition, Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Acquired | ||||||
105,006 | 0 | 0 | - | |||
Securitization of loans | ||||||
- | - | - | 17,169 | |||