Columbia banking system, inc. (COLB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Interest Income
Loans

107,366

110,384

112,656

116,585

108,416

110,010

109,748

105,412

103,027

95,889

78,641

75,579

74,120

74,542

74,956

71,651

70,316

71,358

72,242

71,744

70,822

69,831

65,903

67,004

65,541

69,294

74,125

74,837

48,028

50,558

52,600

54,498

61,777

66,974

59,655

44,362

47,429

36,523

44,882

38,940

36,947

Taxable securities

21,088

20,074

16,457

15,918

17,415

16,684

14,654

11,923

12,708

9,487

8,718

9,468

10,986

9,333

8,988

8,829

8,017

8,516

7,472

7,260

7,526

7,075

8,545

6,382

6,752

6,400

4,935

4,890

4,234

3,862

4,218

4,951

5,245

5,169

6,037

6,247

4,417

4,163

4,660

4,708

4,745

Tax-exempt securities

2,302

2,498

2,556

2,712

2,969

3,005

3,069

3,063

3,064

2,920

2,718

2,716

2,691

2,724

2,799

2,795

2,803

2,870

2,920

3,010

3,042

2,917

2,624

2,671

2,618

2,548

2,483

2,508

2,298

2,499

2,422

2,495

2,525

2,659

2,500

2,516

2,467

2,360

2,252

2,290

2,446

Deposits in banks

141

153

864

207

88

102

104

151

345

545

226

23

19

135

15

28

38

25

31

26

27

74

61

30

14

65

56

33

201

290

229

170

165

117

240

184

298

323

281

210

149

Total interest income

130,897

133,109

132,533

135,422

128,888

129,801

127,575

120,549

119,144

108,841

90,303

87,786

87,816

86,734

86,758

83,303

81,174

82,769

82,665

82,040

81,417

79,897

77,133

76,087

74,925

78,307

81,599

82,268

54,761

57,209

59,469

62,114

69,712

74,919

68,432

53,309

54,611

43,369

52,075

46,148

44,287

Interest Expense
Deposits

3,642

5,809

6,863

4,976

4,498

3,831

3,193

2,572

2,509

2,022

1,083

908

787

782

823

787

742

733

756

740

748

811

713

729

752

890

929

1,054

1,089

1,208

1,339

1,561

1,779

1,909

2,642

2,848

3,079

3,451

4,007

4,334

4,941

FHLB advances and FRB borrowings

4,229

1,899

2,569

4,708

2,685

1,399

966

815

570

99

163

591

225

77

229

241

124

83

78

154

159

87

80

115

114

89

135

-699

71

379

745

734

750

765

807

714

694

710

716

710

705

Subordinated debentures

468

467

468

468

468

467

468

468

468

304

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayment charge on Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,548

-

-

0

0

-

-

-

-

-

-

-

-

-

Long-term obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

75

253

251

260

266

254

249

Other borrowings

136

117

183

154

215

216

152

20

116

192

128

126

129

138

134

135

138

134

137

136

146

235

120

119

119

119

120

376

119

121

120

118

120

121

120

119

138

132

121

118

118

Total interest expense

8,475

8,292

10,083

10,306

7,866

5,913

4,779

3,875

3,663

2,617

1,374

1,625

1,141

997

1,186

1,163

1,004

950

971

1,030

1,053

1,133

913

963

985

1,098

1,184

2,279

1,279

2,311

2,204

2,413

2,649

2,795

3,644

3,934

4,162

4,553

5,110

5,416

6,013

Net Interest Income

122,422

124,817

122,450

125,116

121,022

123,888

122,796

116,674

115,481

106,224

88,929

86,161

86,675

85,737

85,572

82,140

80,170

81,819

81,694

81,010

80,364

78,764

76,220

75,124

73,940

77,209

80,415

79,989

53,482

54,898

57,265

59,701

67,063

72,124

64,788

49,375

50,449

38,816

46,965

40,732

38,274

Provision for credit losses

41,500

1,614

299

218

1,362

1,789

3,153

3,975

5,852

3,327

-648

3,177

2,775

18

1,866

3,640

5,254

2,349

2,831

2,202

1,209

1,708

980

2,117

1,922

-3,682

3,313

288

-20

4,861

-1,117

15,438

20,185

1,223

500

4,451

-422

9,846

9,000

13,500

15,000

Provision for losses on covered loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

433

-

-

-

453

0

0

Net interest income after provision for credit losses

80,922

123,203

122,151

124,898

119,660

122,099

119,643

112,699

109,629

102,897

89,577

82,984

83,900

85,719

83,706

78,500

74,916

79,470

78,863

78,808

79,155

77,056

75,240

73,007

72,018

80,891

77,102

79,701

53,502

50,037

58,382

44,263

46,878

71,334

63,855

44,924

50,871

29,423

37,512

27,232

23,274

Noninterest Income
Deposit account and treasury management fees

7,788

8,665

9,015

9,035

8,980

9,383

9,266

8,683

8,740

8,013

7,685

7,396

7,287

7,196

7,222

7,093

6,989

7,010

7,230

7,351

6,860

-15,258

14,254

13,790

12,936

13,840

13,357

13,560

7,594

7,776

7,609

7,436

7,177

6,886

6,991

6,467

6,288

6,314

6,518

6,442

5,424

Card revenue

3,518

3,767

4,006

3,763

3,662

3,576

3,714

6,616

5,813

6,967

6,735

6,202

5,723

5,803

6,114

6,051

5,652

5,776

5,849

5,702

5,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial services and trust revenue

3,065

3,191

3,226

3,425

2,957

3,211

2,975

3,219

2,730

2,958

2,645

3,036

2,839

2,919

2,746

2,780

2,821

2,939

3,316

3,217

3,124

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan revenue

4,590

3,625

3,855

3,596

2,389

2,344

3,282

3,054

3,186

2,663

3,154

2,989

3,593

2,954

2,949

2,802

2,262

2,807

3,200

2,322

2,603

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchant processing revenue

-

-

-

-

-

-

-

-

-

0

0

2,264

2,019

2,006

2,352

2,272

2,102

2,173

2,422

2,340

2,040

1,961

2,104

2,040

1,870

2,878

2,070

2,013

1,851

1,987

2,054

2,095

2,018

1,992

1,952

1,808

1,633

1,799

2,051

1,913

1,739

Bank owned life insurance

1,596

1,650

1,528

1,597

1,519

1,467

1,402

1,712

1,426

1,377

1,290

1,433

1,280

1,087

1,073

1,270

1,116

1,071

1,086

1,206

1,078

926

956

976

965

960

904

1,008

698

684

747

719

711

632

523

528

505

500

521

516

504

Gain on bank acquisitions, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,830

-

-

0

0

0

9,818

Investment securities gains (losses), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

370

3,671

0

0

62

-2,816

0

0

0

-

-

-

-

Gain on sale of merchant card services portfolio

-

-

-

-

-

-

-

-

-

-

14,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Investments

249

-

0

285

1,847

-

-62

-33

22

-

0

0

0

-

572

229

373

-

236

343

721

-

33

296

223

-

0

-

-

-

-

-

-

-

0

-

-

-

0

0

58

Change in FDIC loss sharing asset

-

-

-

-

-

-

-

-

-

0

0

-173

-274

-388

-104

-990

-1,103

-1,031

-1,635

-1,494

150

-5,304

-4,816

-5,050

-4,819

-9,571

-11,826

-13,137

-10,483

-9,680

-12,951

-168

-1,668

-17,448

-10,855

-6,419

-14,774

6,045

-4,536

3,399

0

Other

401

909

6,400

3,947

342

437

442

441

1,226

1,614

1,558

988

2,392

746

242

433

434

3,719

795

475

828

-6,842

3,399

2,575

2,833

2,505

3,117

3,272

1,628

2,129

1,630

1,746

1,274

1,152

1,755

1,158

929

1,230

629

967

930

Noninterest Income

21,207

21,807

28,030

25,648

21,696

20,402

21,019

23,692

23,143

23,581

37,067

24,135

24,859

22,330

23,166

21,940

20,646

24,745

22,499

21,462

22,767

15,185

15,930

14,627

14,008

10,612

7,622

6,808

1,658

6,567

-911

11,828

9,574

-9,602

2,196

3,542

-5,419

15,888

5,183

13,237

18,473

Noninterest Expense
Compensation and employee benefits

54,842

54,308

54,459

52,015

52,085

51,261

49,419

48,949

50,570

50,473

39,983

38,393

40,825

38,196

38,476

37,291

36,319

36,689

35,175

38,446

39,100

35,903

32,559

31,064

31,338

34,835

33,287

35,657

21,653

20,950

21,523

20,966

21,995

21,780

21,392

19,459

18,921

17,723

17,574

17,497

16,986

Occupancy

9,197

9,010

8,645

8,712

8,809

8,858

8,321

9,276

10,121

9,554

8,085

7,577

7,191

7,690

8,219

7,652

10,173

10,037

8,101

8,687

7,993

8,024

7,445

8,587

8,244

11,494

9,264

7,543

4,753

4,721

4,886

5,091

5,333

5,363

4,815

4,388

4,397

4,260

4,278

4,307

3,969

Data processing

4,840

4,792

5,102

4,601

4,669

5,278

4,466

5,221

5,270

5,134

4,122

4,741

4,208

4,138

4,275

3,929

4,146

4,399

3,796

4,242

4,984

3,900

4,269

3,680

3,520

3,573

4,285

3,638

2,580

2,451

2,499

2,551

2,213

2,452

2,195

1,913

1,924

1,846

2,477

2,567

1,879

Legal and professional fees

2,102

4,835

5,683

6,554

4,573

5,941

4,695

4,171

3,237

5,955

2,880

2,947

3,369

2,523

2,264

1,777

1,325

2,081

2,173

2,847

2,507

4,012

2,905

2,303

2,169

2,363

2,421

5,504

2,050

2,694

2,783

1,829

1,609

1,618

1,957

1,498

1,413

1,100

1,609

1,477

1,498

Amortization of Intangible Assets

2,310

2,450

2,632

2,649

2,748

2,890

3,070

3,088

3,188

2,547

1,188

1,249

1,349

1,420

1,460

1,483

1,583

1,652

1,695

1,718

1,817

1,777

1,456

1,480

1,580

1,657

1,666

1,693

1,029

1,083

1,093

1,119

1,150

1,203

1,177

955

984

1,036

1,044

1,055

787

B&O taxes

624

-

1,325

1,411

1,876

-

1,478

1,459

1,317

-

1,505

748

1,241

1,106

1,491

1,298

1,290

1,392

1,344

1,427

1,232

1,165

1,156

1,051

1,180

996

1,446

1,204

1,387

1,142

1,124

1,115

1,355

1,463

1,211

907

865

803

803

688

564

Advertising and promotion

1,305

1,329

1,752

870

974

1,061

1,472

1,622

1,429

1,543

969

1,137

817

720

1,993

1,043

842

1,233

1,354

1,195

931

1,218

1,027

950

769

895

1,165

1,160

870

308

1,341

1,119

882

636

1,137

1,012

901

828

630

785

838

Regulatory premiums

34

18

-38

956

984

932

904

937

937

884

782

741

776

792

776

1,068

1,141

1,180

1,084

1,321

1,221

1,105

1,195

1,073

1,176

1,300

1,372

1,177

857

824

775

925

860

289

574

1,279

2,195

1,575

1,952

1,462

1,496

Merchant processing

-

-

-

-

-

-

-

-

-

0

0

1,147

1,049

1,018

1,161

1,118

1,033

1,058

1,090

1,079

977

948

1,080

998

980

891

951

852

857

888

921

930

873

934

976

905

883

1,103

934

1,227

1,100

Net cost of operation of OREO

12

-10

-90

-705

113

-26

485

758

1

46

271

-1

152

612

-249

84

104

-60

240

-563

-1,246

162

-1,256

-97

146

-1,295

-777

-2,828

-2,501

-1,433

-1,069

-377

910

-599

-195

214

-442

1,589

-1,442

-672

1,312

FDIC clawback liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

334

-208

-

-

1,146

448

-

-

0

0

-

Other

9,005

9,012

7,606

9,665

7,869

9,414

8,531

9,162

9,917

8,659

7,752

10,188

8,009

6,799

7,398

7,047

7,118

7,216

8,015

8,072

7,218

5,940

8,146

6,675

6,284

6,910

9,634

8,904

4,514

4,298

4,726

4,765

7,172

4,113

3,550

4,186

5,305

3,122

3,661

4,352

3,468

Total noninterest expense

84,271

86,978

87,076

86,728

84,700

87,019

82,841

84,643

85,987

85,627

67,537

68,867

68,986

65,014

67,264

63,790

65,074

66,877

64,067

68,471

66,734

64,154

59,982

57,764

57,386

63,619

64,714

64,504

38,049

37,800

40,936

39,825

44,352

41,314

39,935

37,164

37,346

34,985

33,520

34,745

33,897

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

17,858

58,032

63,105

63,818

56,656

55,482

57,821

51,748

46,785

40,851

59,107

38,252

39,773

43,035

39,608

36,650

30,488

37,338

37,295

31,799

35,188

28,087

31,188

29,870

28,640

27,884

20,010

22,005

17,111

18,804

16,535

16,266

12,100

20,418

26,116

11,302

8,106

10,326

9,175

5,724

7,850

Income Tax Expense (Benefit)

3,230

11,903

12,378

12,094

10,785

10,734

11,406

9,999

6,815

25,123

18,338

11,120

10,574

12,317

12,124

11,245

9,229

10,598

11,515

9,853

10,827

9,167

9,605

8,643

8,796

7,911

6,734

7,414

4,935

5,342

4,655

4,367

3,198

5,664

7,244

2,670

2,327

-2,282

3,971

668

-66

Net Income (Loss) Attributable to Parent

14,628

46,129

50,727

51,724

45,871

44,748

46,415

41,749

39,970

15,728

40,769

27,132

29,199

30,718

27,484

25,405

21,259

26,740

25,780

21,946

24,361

18,920

21,583

21,227

19,844

19,973

13,276

14,591

12,176

13,462

11,880

11,899

8,902

14,754

18,872

8,632

5,779

12,608

5,204

5,056

7,916

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,872

-

-

12,608

2,474

3,946

6,809

Earnings Per Share, Basic

0.20

0.64

0.70

0.71

0.63

0.61

0.63

0.57

0.55

0.19

0.70

0.47

0.50

0.53

0.47

0.44

0.37

0.46

0.45

0.38

0.42

0.34

0.41

0.40

0.38

0.39

0.26

0.28

0.31

0.34

0.30

0.30

0.22

0.37

0.48

0.22

0.15

0.32

0.06

0.11

0.24

Earnings Per Share, Diluted

0.20

0.64

0.70

0.71

0.63

0.61

0.63

0.57

0.55

0.19

0.70

0.47

0.50

0.53

0.47

0.44

0.37

0.46

0.45

0.38

0.42

0.34

0.41

0.40

0.37

0.37

0.25

0.28

0.31

0.34

0.30

0.30

0.22

0.36

0.48

0.22

0.15

0.31

0.06

0.11

0.24

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.22

0.22

0.22

-

0.39

0.37

0.38

-

0.34

0.34

0.30

-

0.28

0.24

0.12

-

0.10

0.10

0.10

0.09

0.30

0.22

0.37

0.13

0.06

0.05

0.03

0.01

0.01

0.01

0.01

Weighted Average Number of Shares Outstanding, Basic

71,206

71,221

71,803

72,451

72,521

72,428

72,427

72,385

72,300

67,054

57,566

57,520

57,388

57,222

57,215

57,185

57,114

57,005

57,051

57,055

56,965

55,175

52,112

52,088

51,097

51,002

50,834

50,788

39,348

39,296

39,289

39,260

39,195

39,131

39,131

39,107

39,043

39,145

38,976

34,829

27,886

Weighted Average Number of Shares Outstanding, Diluted

71,264

71,350

71,803

72,451

72,524

72,433

72,432

72,390

72,305

67,062

57,571

57,525

57,394

57,227

57,225

57,195

57,125

57,017

57,064

57,069

56,978

55,289

52,516

52,494

52,433

52,431

52,297

52,125

39,351

39,155

39,291

39,308

39,298

39,206

39,192

39,166

39,156

39,256

39,137

35,077

28,098