XML 157 R122.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Parent-only Financial Information - Statement of Cash Flows (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Cash flows from operating activities:                                  
Net income $ 13,549,000 $ 14,218,000 $ 12,031,000 $ 14,919,000 $ 14,867,000 $ 10,827,000 $ (14,742,000) $ 11,784,000 $ 3,678,000 $ 1,514,000 $ 9,272,000 $ 10,293,000 $ 9,993,000 $ 54,717,000 $ 22,736,000   $ 31,072,000
Adjustments to reconcile net income to net cash provided by operating activities:                                  
Amortization of debt issuance costs                 14,000         0 890,000   53,000
Amortization of intangible assets                 0         222,000 0   0
(Gain) loss on securities transactions                 60,000         (2,612,000) (116,000)   1,689,000
Change in fair value of equity securities                 0         (305,000) 0   0
Deferred tax expense (benefit)                 7,491,000         7,527,000 (5,490,000)   (1,426,000)
Increase in other assets                 (15,557,000)         (51,856,000) (11,053,000)   (11,681,000)
Increase in accrued expenses and other liabilities                 3,905,000         3,032,000 7,980,000   9,840,000
Contribution of common stock to Columbia Bank Foundation                 0         0 34,767,000   0
Net cash provided by operating activities                 2,326,000         123,770,000 60,209,000   36,041,000
Cash flows from investing activities:                                  
Proceeds from sales of debt securities available for sale                 0         65,198,000 11,513,000 $ 0 187,376,000
Proceeds from sale of equity securities                 92,000         1,065,000 0   0
Proceeds from paydowns / maturities / calls of debt securities available for sale                 7,009,000         149,683,000 69,977,000   68,409,000
Purchases of debt securities available for sale                 (163,721,000)         (176,171,000) (413,804,000)   (162,788,000)
Purchase of equity securities                 0         (416,000) 0   0
Loan to ESOP                 0         0 (45,428,000)   0
Repayment of loan receivable from Bank                 0         11,671,000 32,039,000   62,407,000
Net cash acquired in acquisition                 0         (31,288,000) 0  
Net cash used in investing activities                 (372,135,000)         (622,960,000) (946,764,000)   (330,317,000)
Cash flows from financing activities:                                  
Purchase of treasury stock                 0         (55,309,000) 0   0
Restricted stock forfeitures                 0         (736,000) 0  
Issuance of treasury stock allocated to restricted stock award grants                 0         1,095,000 0  
Net cash provided by financing activities                 334,332,000         532,536,000 863,258,000   349,557,000
Net increase (decrease) in cash and cash equivalents                 (35,477,000)         33,346,000 (23,297,000)   55,281,000
Cash and cash equivalents at beginning of period       42,201,000       65,498,000 100,975,000       45,694,000 42,201,000 65,498,000   45,694,000
Cash and cash equivalents at end of period 75,547,000       42,201,000       65,498,000 100,975,000       75,547,000 42,201,000 65,498,000 100,975,000
Non-cash assets acquired:                                  
Debt securities available for sale                 0         51,710,000 0   0
Equity securities                 0         1,073,000 0   0
Other assets                 0         767,000 0   0
Total non-cash assets acquired                 0         856,640,000 0   0
Liabilities assumed:                                  
Borrowings                 0         82,761,000 0   0
Total liabilities assumed                 0         880,399,000 0   0
Net non-cash liabilities acquired                 0         (23,759,000) 0   0
Net cash acquired in acquisition                 0         105,006,000 0   0
Parent Company                                  
Cash flows from operating activities:                                  
Net income                 3,678,000         54,717,000 22,736,000   31,072,000
Adjustments to reconcile net income to net cash provided by operating activities:                                  
Amortization of debt issuance costs                 14,000         0 890,000   53,000
Amortization of intangible assets                 0         (71,000) 0   0
(Gain) loss on securities transactions                 60,000         (236,000) 0   0
Change in fair value of equity securities                 0         (65,000) 0   0
Deferred tax expense (benefit)                 42,000         1,453,000 (6,086,000)   1,000
Increase in other assets                 (494,000)         (2,026,000) 1,515,000   1,404,000
Increase in accrued expenses and other liabilities                 989,000         3,515,000 (1,498,000)   62,000
Contribution of common stock to Columbia Bank Foundation                 0         0 34,767,000   0
Equity in undistributed earnings (loss) of subsidiary                 (4,288,000)         123,142,000 (51,401,000)   (32,295,000)
Net cash provided by operating activities                 1,000         180,429,000 923,000   297,000
Cash flows from investing activities:                                  
Capital contribution to subsidiary                 0         0 (246,420,000)   0
Proceeds from sales of debt securities available for sale                 92,000         0 0   0
Proceeds from sale of equity securities                 0         1,065,000 0   0
Proceeds from paydowns / maturities / calls of debt securities available for sale                 10,000         500,000 1,601,000   0
Purchases of debt securities available for sale                 0         0 (414,000)   0
Purchase of equity securities                 0         (416,000) 0   0
Loan to ESOP                 0         0 (45,428,000)   0
Repayment of loan receivable from Bank                 0         1,457,000 989,000   0
Net cash acquired in acquisition                 0         (135,410,000) 0   0
Net cash used in investing activities                 102,000         (132,804,000) (289,672,000)   0
Cash flows from financing activities:                                  
Payments on trust preferred securities                 0         0 (51,547,000)   0
Issuance of common stock in initial public offering                 0         0 492,428,000   0
Purchase of treasury stock                 0         (55,309,000) 0   0
Issuance of common stock allocated to restricted stock award grants                 0         21,687,000 0   0
Restricted stock forfeitures                 0         (736,000) 0   0
Issuance of treasury stock allocated to restricted stock award grants                 0         1,269,000 0   0
Net cash provided by financing activities                 0         (33,089,000) 440,881,000   0
Net increase (decrease) in cash and cash equivalents                 103,000         14,536,000 152,132,000   297,000
Cash and cash equivalents at beginning of period       $ 153,833,000       $ 1,701,000 1,598,000       $ 1,301,000 153,833,000 1,701,000   1,301,000
Cash and cash equivalents at end of period $ 168,369,000       $ 153,833,000       1,701,000 $ 1,598,000       168,369,000 153,833,000 $ 1,701,000 1,598,000
Non-cash assets acquired:                                  
Debt securities available for sale                 0         1,998,000 0   0
Equity securities                 0         208,000 0   0
Other assets                 0         1,492,000 0   0
Total non-cash assets acquired                 0         3,698,000 0   0
Liabilities assumed:                                  
Borrowings                 0         23,901,000 0   0
Total liabilities assumed                 0         23,901,000 0   0
Net non-cash liabilities acquired                 0         (20,203,000) 0   0
Net cash acquired in acquisition                 $ 0         $ 884,000 $ 0   $ 0