Columbia Financial, Inc./MD/
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
CLBK$11.33-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands, unaudited) | ||
| Cash flows from operating activities: | ||
| Net income | $32,817 | $36,073 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Amortization of deferred loan costs, fees and purchased premiums and discounts | (2,161) | 4,756 |
| Net accretion of premiums and discounts on securities | (3,632) | (2,835) |
| Net amortization of mortgage servicing rights and other intangible assets | 247 | 158 |
| Amortization of core deposit intangibles | 4,520 | 1,592 |
| Depreciation and amortization of office properties and equipment | 7,574 | 6,399 |
| Amortization of operating lease right-of-use assets | 2,111 | 3,017 |
| Loss on extinguishment of debt | 196 | — |
| Provision for credit losses | 7,100 | 7,745 |
| Loss (gain) on securities transactions | 40,849 | (336) |
| Change in fair value of equity securities | 1,429 | (1,294) |
| Gain on securitizations | — | (129) |
| Loss (gain) on sale of loans, net | 6,792 | (772) |
| Bargain purchase gain | (25,689) | — |
| Loss on disposal of office properties and equipment, net | 152 | 18 |
| Increase in accrued interest receivable | (11,710) | (1,866) |
| Loss (gain) on sale of other real estate owned | 1,770 | (281) |
| (Increase) decrease in other assets | (1,772) | 364 |
| Increase (decrease) in accrued expenses and other liabilities | 13,201 | (8,668) |
| Income on bank-owned life insurance | (8,682) | (5,982) |
| Employee stock ownership plan expense | 3,864 | 2,527 |
| Stock based compensation | 3,282 | 3,590 |
| Decrease (increase) in deferred compensation obligations under Rabbi Trust | 119 | (60) |
| Net cash provided by operating activities | 72,377 | 44,016 |
| Cash flows used in investing activities: | ||
| Proceeds from sales of debt securities available for sale | 864,440 | 15,656 |
| Proceeds from paydowns/maturities/calls of debt securities available for sale | 204,080 | 156,702 |
| Proceeds from paydowns/maturities/calls of debt securities held to maturity | 28,023 | 28,108 |
| Purchases of debt securities available for sale | (1,651,071) | (179,578) |
| Purchases of debt securities held to maturity | (542,818) | (33,369) |
| Proceeds from sales of loans held-for-sale | 53,110 | 29,310 |
| Purchases of loans receivable | — | (150,882) |
| Net increase in loans receivable | (274,120) | (253,555) |
| Proceeds from bank-owned life insurance death benefit | 3,988 | — |
| Proceeds from redemptions of Federal Home Loan Bank stock | 35,180 | 26,653 |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock | (86,265) | (34,529) |
| Proceeds from sales of office properties and equipment | 19 | — |
| Additions to office properties and equipment | (6,223) | (7,459) |
| Merger consideration Northfield Bancorp, Inc. | (174,082) | — |
| Net cash acquired in acquisition | 75,992 | — |
| Proceeds from sales of other real estate owned | 4,153 | 1,615 |
| Purchase of insurance agency book of business | — | (1,400) |
| Net cash used in investing activities | $(1,465,594) | $(402,728) |
| See accompanying notes to unaudited consolidated financial statements. | ||
Consolidated Statements of Cash Flows (continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands, unaudited) | ||
| Cash flows from financing activities: | ||
| Net increase in deposits | $460,808 | $144,172 |
| Proceeds from long-term borrowings | 44,475 | 155,333 |
| Payments on long-term borrowings | (82,196) | (79,418) |
| Net (decrease) increase in short-term borrowings | (296,022) | 106,968 |
| Increase in advance payments by borrowers for taxes and insurance | (1,808) | (1,148) |
| Dividends paid | (12,919) | — |
| Net proceeds from sale of common stock | 1,449,433 | — |
| Purchase of common stock for ESOP | (50,171) | — |
| Exercise of stock options | (162) | — |
| Purchase of treasury stock | — | (2,837) |
| Repurchase of shares for taxes | (229) | (179) |
| Net cash provided by financing activities | $1,511,209 | $322,891 |
| Net increase (decrease) in cash and cash equivalents | $117,992 | $(35,821) |
| Cash and cash equivalents at beginning of year | 340,806 | 289,223 |
| Cash and cash equivalents at end of period | $458,798 | $253,402 |
| Cash paid during the period for: | ||
| Interest on deposits and borrowings | $194,122 | $187,582 |
| Income tax payments, net of refunds | $13,560 | $123 |
| Non-cash investing and financing activities: | ||
| Transfer of loans receivable to loans held-for-sale | $271,312 | $28,666 |
| Transfer of loans receivable to other real estate owned | $5,923 | $— |
| Securitization of loans | $— | $13,340 |
| Excise tax (benefit) on net stock repurchases | $9 | $21 |
| Deposits utilized to purchase common stock | $183,382 | $— |
| Acquisition of right-of-use assets | $28,514 | $— |
| Acquisition: | ||
| Non-cash assets acquired: | ||
| Debt securities available for sale | $1,183,817 | $— |
| Equity securities | 67 | — |
| Federal Home Loan Bank stock | 33,883 | — |
| Loans receivable | 3,451,411 | — |
| Accrued interest receivable | 14,535 | — |
| Office properties and equipment, net | 31,656 | — |
| Core deposit intangibles | 76,167 | — |
| Bank-owned life insurance | 187,100 | — |
| Other assets | 137,928 | — |
| Total non-cash assets acquired | $5,116,564 | $— |
| Liabilities assumed: | ||
| Deposits | $3,840,018 | $— |
| Borrowings | 646,353 | — |
| Advance payments by borrowers for taxes and insurance | 23,311 | — |
| Accrued expenses and other liabilities | 76,912 | — |
| Total liabilities assumed | $4,586,594 | $— |
| Net assets acquired | $529,970 | $— |
| Net cash and cash equivalents acquired in acquisition | $75,992 | $— |
| See accompanying notes to unaudited consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.