COLUMBIA BANKING SYSTEM INC
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
COLB$30.85-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in thousands, except shares) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks (restricted cash of $8,611 and $4,200) | $591,364 | $498,496 |
| Interest-bearing cash and temporary investments (restricted cash of $4,745 and $900) | 1,519,658 | 1,664,038 |
| Total cash and cash equivalents | 2,111,022 | 2,162,534 |
| Investment securities | ||
| Equity and other, at fair value | 79,996 | 76,995 |
| Available for sale, at fair value | 8,676,807 | 8,829,870 |
| Held to maturity, at amortized cost | 2,159 | 2,300 |
| Loans held for sale | 66,639 | 30,715 |
| Loans and leases (at fair value: $179,617 and $275,140) | 37,503,002 | 37,441,951 |
| Allowance for credit losses on loans and leases | (420,054) | (440,871) |
| Net loans and leases | 37,082,948 | 37,001,080 |
| Restricted equity securities | 116,274 | 179,274 |
| Premises and equipment, net | 338,107 | 338,970 |
| Operating lease right-of-use assets | 106,224 | 115,811 |
| Goodwill | 1,029,234 | 1,029,234 |
| Other intangible assets, net | 513,303 | 603,679 |
| Residential mortgage servicing rights, at fair value | 101,919 | 109,243 |
| Bank-owned life insurance | 691,160 | 680,948 |
| Deferred tax asset, net | 286,432 | 347,203 |
| Other assets | 706,375 | 665,740 |
| Total assets | $51,908,599 | $52,173,596 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Deposits | ||
| Non-interest-bearing | $13,534,065 | $14,256,452 |
| Interest-bearing | 27,980,623 | 27,350,568 |
| Total deposits | 41,514,688 | 41,607,020 |
| Securities sold under agreements to repurchase | 183,833 | 252,119 |
| Borrowings | 3,650,000 | 3,950,000 |
| Junior subordinated debentures, at fair value | 311,896 | 316,440 |
| Junior and other subordinated debentures, at amortized cost | 107,725 | 107,895 |
| Operating lease liabilities | 121,298 | 130,576 |
| Other liabilities | 745,331 | 814,512 |
| Total liabilities | 46,634,771 | 47,178,562 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| SHAREHOLDERS' EQUITY | ||
| Preferred Stock, no par value, shares authorized: 2,000,000, issued and outstanding: 0 | — | — |
| Common stock, no par value, shares authorized: 520,000,000 in 2024 and 2023; issued and outstanding: 209,531,882 in 2024 and 208,584,667 in 2023 | 5,812,237 | 5,802,747 |
| Accumulated deficit | (304,525) | (467,571) |
| Accumulated other comprehensive loss | (233,884) | (340,142) |
| Total shareholders' equity | 5,273,828 | 4,995,034 |
| Total liabilities and shareholders' equity | $51,908,599 | $52,173,596 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.