XML 72 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2018
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:        
Net income $ 3,678,000 $ 22,736,000 $ 31,072,000 $ 32,953,000
Adjustments to reconcile net income to net cash provided by operating activities:        
Amortization of deferred loan fees and costs, premiums and discounts 439,000 1,965,000 1,006,000 745,000
Net amortization of premiums and discounts on securities 328,000 1,212,000 1,460,000 2,013,000
Amortization Of Mortgage Servicing Rights After Additional Charges 22,000 (88,000) 105,000 105,000
Amortization of debt issuance costs 14,000 890,000 53,000 53,000
Depreciation and amortization of office properties and equipment 863,000 3,839,000 3,364,000 3,178,000
Provision for loan losses 3,400,000 6,677,000 6,426,000 417,000
(Gain) loss on securities available for sale 60,000 (116,000) 1,689,000 (355,000)
Proceeds from sales of loans held-for-sale 0 0 40,564,000 42,411,000
Origination of loans held-for-sale 0 0 (40,280,000) (23,812,000)
(Gain) loss on sale of loans receivable, net 0 (618,000) 380,000 (655,000)
Loss (gain) on real estate owned, net 0 56,000 (233,000) 441,000
Loss on write-down of real estate owned 0 55,000 0 0
(Gain) loss on disposal of office properties and equipment 0 (5,000) 169,000 38,000
Deferred tax (benefit) expense 7,491,000 (5,490,000) (1,426,000) 2,930,000
Increase in accrued interest receivable (1,228,000) (2,979,000) (1,531,000) (1,864,000)
Increase in other assets (15,557,000) (11,053,000) (11,681,000) (269,000)
Increase in accrued expenses and other liabilities 3,905,000 7,980,000 9,840,000 5,033,000
Income on bank-owned life insurance (1,089,000) (5,208,000) (4,936,000) (4,370,000)
Contribution of common stock to Columbia Bank Foundation 0 34,767,000 0 0
Employee stock ownership plan expense 0 2,594,000 0 0
Increase in deferred compensation obligations under Rabbi Trust 0 (620,000) 0 0
Net cash provided by operating activities 2,326,000 56,594,000 36,041,000 58,992,000
Cash flows from investing activities:        
Proceeds from sales of securities available for sale 92,000 11,513,000 187,376,000 164,203,000
Proceeds from paydowns / maturities / calls of securities available for sale 7,009,000 69,977,000 68,409,000 96,956,000
Proceeds from paydowns / maturities / calls of securities held to maturity 1,845,000 8,820,000 769,000 0
Purchases of securities available for sale (163,721,000) (413,804,000) (162,788,000) (357,477,000)
Purchases of securities held to maturity (108,640,000) (31,639,000) (30,484,000) 0
Proceeds from sales of loans held-for-sale 0 3,615,000 0 0
Proceeds from sales of loans receivable 0 32,039,000 62,407,000 28,624,000
Purchases of loans receivable (56,095,000) (32,251,000) (20,473,000) (21,149,000)
Net increase in loans receivable (41,157,000) (536,129,000) (425,926,000) (196,106,000)
Purchase of bank-owned life insurance 0 (30,000,000) (4,500,000) (6,000,000)
Death benefit proceeds from bank-owned life insurance 0 1,241,000 1,631,000 0
Proceeds from redemptions of Federal Home Loan Bank stock 6,476,000 67,035,000 33,193,000 16,560,000
Purchases of Federal Home Loan Bank stock (15,296,000) (81,309,000) (35,035,000) (16,138,000)
Proceeds from sales of office properties and equipment 0 8,000 17,000 0
Additions to office properties and equipment (2,648,000) (13,272,000) (6,527,000) (3,665,000)
Proceeds from sales of real estate owned 0 1,007,000 1,614,000 3,620,000
Net cash used in investing activities (372,135,000) (943,000) (330,317,000) (290,572,000)
Cash flows from financing activities:        
Net increase in deposits 139,887,000 150,558,000 300,613,000 250,191,000
Proceeds from long-term borrowings 0 220,980,000 168,400,000 10,000,000
Payments on long-term borrowings (90,000,000) (210,000,000) (90,000,000) (55,000,000)
Net increase (decrease) in short-term borrowings 286,000,000 299,800,000 (27,400,000) 24,400,000
Payment for trust preferred securities 0 (51,547,000) 0 0
Increase (decrease) in advance payments by borrowers for taxes and insurance (1,555,000) 6,467,000 (2,056,000) 4,505,000
Issuance of common stock 0 492,428,000 0 0
Purchase of employee stock ownership plan shares 0 (45,428,000) 0 0
Net cash provided by financing activities 334,332,000 863,258,000 349,557,000 234,096,000
Net (decrease) increase in cash and cash equivalents (35,477,000) (23,297,000) 55,281,000 2,516,000
Cash and cash equivalents at beginning of period 100,975,000 65,498,000 45,694,000 43,178,000
Cash and cash equivalents at end of period 65,498,000 42,201,000 100,975,000 45,694,000
Cash paid during the period for:        
Interest on deposits and borrowings 11,484,000 61,987,000 44,397,000 44,545,000
Income tax payments, net 1,393,000 21,325,000 27,784,000 8,038,000
Non-cash investing and financing activities:        
Transfer of loans receivable to real estate owned 566,000 251,000 515,000 2,278,000
Transfer of loans receivable to loans held-for-sale 0 11,696,000 0 0
Transfer of securities from available for sale to held to maturity 0 0 103,680,000 0
Securitization of loans $ 0 $ 0 $ 0 $ 17,169,000