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 Statements of Comprehensive Income (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| (in thousands) | September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 |
| Net income | $146,182 | $135,845 | $390,406 | $255,184 |
| Available for sale securities: | ||||
| Unrealized gains (losses) arising during the period | 301,772 | (333,993) | 139,539 | (334,298) |
| Income tax (expense) benefit related to unrealized gains (losses) | (78,461) | 86,837 | (36,280) | 86,904 |
| Reclassification adjustment for net realized gains in earnings | (3) | (4) | (14) | (4) |
| Income tax expense related to realized gains | 1 | 1 | 4 | 1 |
| Net change in unrealized gains (losses) for available for sale securities | 223,309 | (247,159) | 103,249 | (247,397) |
| Junior subordinated debentures, at fair value: | ||||
| Unrealized (losses) gains arising during the period | (2,061) | (19,677) | 4,008 | (8,503) |
| Income tax benefit (expense) related to unrealized (losses) gains | 536 | 5,116 | (1,042) | 2,211 |
| Net change in unrealized (losses) gains for junior subordinated debentures, at fair value | (1,525) | (14,561) | 2,966 | (6,292) |
| Pension plan liability adjustment: | ||||
| Amortization of unrecognized net actuarial loss included in net periodic pension cost | 19 | 72 | 58 | 168 |
| Income tax expense related to unrecognized actuarial loss | (5) | (19) | (15) | (44) |
| Net change in pension plan liability adjustment | 14 | 53 | 43 | 124 |
| Other comprehensive income (loss), net of tax | 221,798 | (261,667) | 106,258 | (253,565) |
| Comprehensive income (loss) | $367,980 | $(125,822) | $496,664 | $1,619 |
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