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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 26,950,000 $ (2,958,000)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Amortization of deferred loan fees and costs, premiums and discounts 1,102,000 837,000
Net amortization of premiums and discounts on securities 589,000 707,000
Net amortization on mortgage servicing rights (52,000) 40,000
Amortization of debt issuance costs 0 312,000
Depreciation and amortization of office properties and equipment 2,170,000 1,834,000
Provision for loan losses 548,000 4,400,000
Gain on securities transactions (465,000) (116,000)
Change in fair value of equity securities (247,000) 0
Gain on sales of loans (328,000) (15,000)
Loss on real estate owned 1,000 13,000
Deferred tax (benefit) expense (7,160,000) 6,811,000
Increase in accrued interest receivable (1,416,000) (1,152,000)
Increase in other assets (34,322,000) (17,474,000)
Increase in accrued expenses and other liabilities 12,880,000 3,166,000
Income on bank-owned life insurance (2,665,000) (2,127,000)
Contribution of common stock to Columbia Bank Foundation 0 34,767,000
Employee stock ownership plan expense 1,738,000 744,000
Increase in deferred compensation obligations under Rabbi Trust (98,000) 0
Net cash (used in) provided by operating activities (775,000) 29,789,000
Cash flows from investing activities:    
Proceeds from sales of debt securities available for sale 15,711,000 0
Proceeds from sales of equity securities 765,000 0
Proceeds from paydowns/maturities/calls of debt securities available for sale 49,569,000 39,507,000
Proceeds from paydowns/maturities/calls on debt securities held to maturity 9,964,000 4,453,000
Purchases of debt securities available for sale (80,499,000) (278,610,000)
Purchases of debt securities held to maturity (47,671,000) (19,761,000)
Purchase of equity securities (417,000) 0
Proceeds from sales of loans held-for-sale 45,003,000 0
Proceeds from sales of loans receivable 2,483,000 3,695,000
Purchases of loans receivable (29,885,000) (4,715,000)
Net increase in loans receivable (168,486,000) (252,786,000)
Death benefit proceeds from bank-owned life insurance 0 811,000
Proceeds from redemptions of Federal Home Loan Bank stock 32,851,000 40,226,000
Purchases of Federal Home Loan Bank stock (32,526,000) (40,571,000)
Additions to office properties and equipment (11,387,000) (5,837,000)
Proceeds from sales of real estate owned 91,000 286,000
Net cash (used in) investing activities (214,434,000) (513,302,000)
Cash flows from financing activities:    
Net increase in deposits 254,772,000 31,517,000
Proceeds from long-term borrowings 78,991,000 154,050,000
Payments on long-term borrowings (160,000,000) (120,000,000)
Net increase (decrease) in short-term borrowings 55,100,000 (32,801,000)
Increase in advance payments by borrowers for taxes and insurance 2,389,000 5,432,000
Issuance of common stock 0 492,428,000
Purchase of treasury stock (3,867,000) 0
Purchase of employee stock ownership plan shares 0 (45,428,000)
Net cash provided by financing activities 227,385,000 485,198,000
Net increase in cash and cash equivalents 12,176,000 1,685,000
Cash and cash equivalents at beginning of year 42,201,000 65,498,000
Cash and cash equivalents at end of period 54,377,000 67,183,000
Cash paid during the period for:    
Interest on deposits and borrowings 21,491,000 26,947,000
Income tax payments, net of (refunds) (5,174,000) 9,435,000
Non-cash investing and financing activities:    
Transfer of loans receivable to loans held-for-sale 38,966,000 0
Securitization of loans $ 21,615,000 $ 0