Columbia banking system, inc. (COLB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest Income
Loans

448,041

428,197

324,229

291,465

286,166

268,279

266,284

219,433

218,420

157,292

117,062

Taxable securities

69,864

55,969

38,659

35,167

30,774

28,754

20,459

18,276

21,870

18,276

17,300

Tax-exempt securities

10,735

12,201

11,045

11,121

11,842

10,830

9,837

9,941

10,142

9,348

8,458

Deposits in banks

1,312

702

813

216

109

179

355

854

839

963

215

Total interest income

529,952

497,069

374,746

337,969

328,891

308,042

296,935

248,504

251,271

185,879

143,035

Interest Expense
Deposits

22,146

12,105

4,800

3,134

2,977

3,005

3,962

5,887

10,478

16,733

23,250

FHLB advances and FRB borrowings

11,861

3,750

1,078

671

474

396

-404

2,608

2,980

2,841

2,759

Subordinated debentures

1,871

1,871

304

0

0

-

-

-

-

-

-

Prepayment charge on Federal Home Loan Bank advances

-

-

-

-

-

-

1,548

603

0

0

-

Long-term obligations

-

-

-

-

-

-

-

-

579

1,029

1,197

Other borrowings

669

504

575

545

553

593

734

479

498

489

477

Total interest expense

36,547

18,230

6,757

4,350

4,004

3,994

5,840

9,577

14,535

21,092

27,683

Net Interest Income

493,405

478,839

367,989

333,619

324,887

304,048

291,095

238,927

236,736

164,787

115,352

Provision for credit losses

3,493

14,769

8,631

10,778

8,591

6,727

-101

39,367

5,752

47,346

63,500

Net interest income after provision for credit losses

489,912

464,070

359,358

322,841

316,296

297,321

291,196

199,560

230,984

117,441

51,852

Noninterest Income
Deposit account and treasury management fees

35,695

36,072

30,381

28,500

28,451

25,722

48,351

29,998

26,632

24,698

15,181

Card revenue

15,198

19,719

25,627

23,620

22,690

19,779

-

-

-

-

-

Financial services and trust revenue

12,799

12,135

11,478

11,266

12,596

11,585

-

-

-

-

-

Loan revenue

13,465

11,866

12,399

10,967

10,932

8,338

-

-

-

-

-

Merchant processing revenue

0

0

4,283

8,732

8,975

7,975

8,812

8,154

7,385

7,502

7,321

Impairment charge on investment securities

-

-

-

-

-

-

-

-

-

-

0

Bank owned life insurance

6,294

6,007

5,380

4,546

4,441

3,823

3,570

2,861

2,188

2,041

2,023

Gain on bank acquisitions, net of tax

-

-

-

-

-

-

-

-

1,830

9,818

0

Redemption of Visa and MasterCard shares

-

-

-

-

-

-

-

-

-

-

49

Investment securities gains (losses), net

2,132

-89

-11

1,181

1,581

552

462

3,733

-2,816

58

1,077

Gain on sale of merchant card services portfolio

0

0

14,000

0

0

-

-

-

-

-

-

Change in FDIC loss sharing asset

0

0

-447

-2,585

-4,010

-19,989

-45,017

-24,467

-49,496

4,908

0

Other

11,598

2,546

6,552

1,855

5,817

1,965

10,522

6,779

4,994

3,756

4,039

Noninterest Income

97,181

88,256

109,642

88,082

91,473

59,750

26,700

27,058

-9,283

52,781

29,690

Noninterest Expense
Compensation and employee benefits

212,867

200,199

169,674

150,282

149,410

130,864

125,432

85,434

81,552

69,780

47,275

Occupancy

35,176

36,576

32,407

33,734

34,818

32,300

33,054

20,031

18,963

16,814

12,128

Data processing

19,164

20,235

18,205

16,488

17,421

15,369

14,076

9,714

8,484

8,769

5,482

Legal and professional fees

21,645

18,044

15,151

7,889

9,608

11,389

12,338

8,915

6,486

5,684

3,871

Amortization of Intangible Assets

10,479

12,236

6,333

5,946

6,882

6,293

6,045

4,445

4,319

3,922

1,045

B&O taxes

-

-

-

5,185

5,395

4,552

5,033

4,736

4,446

2,858

2,478

Business and Occupation taxes

5,846

5,664

4,326

-

-

-

-

-

-

-

-

Advertising and promotion

4,925

5,584

4,466

4,598

4,713

3,964

4,090

3,650

3,686

3,081

1,943

Regulatory premiums

1,920

3,710

3,183

3,777

4,806

4,549

4,706

3,384

4,337

6,485

5,777

Merchant processing

0

0

2,196

4,330

4,204

4,006

3,551

3,612

3,698

4,364

3,449

Net cost of operation of OREO

-692

1,218

468

551

-1,629

-1,045

-7,401

-1,969

-1,022

787

861

FDIC clawback liability

-

-

-

-

-

-

-

-

3,656

0

0

Other

34,152

37,024

34,608

28,362

30,521

27,045

29,962

20,961

17,154

14,603

10,179

Total noninterest expense

345,482

340,490

291,017

261,142

266,149

239,286

230,886

162,913

155,759

137,147

94,488

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

241,611

211,836

177,983

149,781

141,620

117,785

87,010

63,705

65,942

33,075

-12,946

Income Tax Expense (Benefit)

47,160

38,954

65,155

44,915

42,793

36,211

26,994

17,562

17,905

2,291

-8,978

Net Income (Loss) Attributable to Parent

194,451

172,882

112,828

104,866

98,827

81,574

60,016

46,143

48,037

30,784

-3,968

Earnings Per Share [Abstract]
Net Income (Loss) Applicable to Common Shareholders

-

-

-

-

-

-

-

-

-

25,837

-8,371

Earnings Per Share, Basic

2.68

2.36

1.86

1.81

1.71

1.53

1.24

1.16

1.22

0.73

-0.38

Earnings Per Share, Diluted

2.68

2.36

1.86

1.81

1.71

1.52

1.21

1.16

1.21

0.72

-0.38

Dividends declared per common share

-

-

-

-

-

-

-

0.98

0.27

0.04

0.07

Weighted Average Number of Shares Outstanding, Basic

71,999

72,385

59,882

57,184

57,019

52,618

47,993

39,260

39,103

35,209

21,854

Weighted Average Number of Shares Outstanding, Diluted

72,032

72,390

59,888

57,193

57,032

53,183

49,051

39,263

39,180

35,392

21,854