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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Sep. 30, 2017
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 deferred loan fees and costs, premiums and discounts 439,000 1,205,000 1,965,000 1,006,000
Net amortization of premiums and discounts on securities 328,000 1,160,000 1,212,000 1,460,000
Net amortization of mortgage servicing rights 22,000 (109,000) (88,000) 105,000
Amortization of debt issuance costs 14,000 0 890,000 53,000
Amortization of intangible assets 0 222,000 0 0
Depreciation and amortization of office properties and equipment 863,000 4,880,000 3,839,000 3,364,000
Provision for loan losses 3,400,000 4,224,000 6,677,000 6,426,000
(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
Proceeds from sales of loans held-for-sale 0 101,946,000 3,615,000 40,564,000
Origination of loans held-for-sale 0 0 0 (40,280,000)
(Gain) loss on sale of loans 0 (785,000) (618,000) 380,000
Loss (gain) on real estate owned 0 1,000 56,000 (233,000)
Loss on write-down of real estate owned 0 0 55,000 0
Loss (gain) on disposal of office properties and equipment 0 3,000 (5,000) 169,000
Deferred tax expense (benefit) 7,491,000 7,527,000 (5,490,000) (1,426,000)
Increase in accrued interest receivable (1,228,000) (959,000) (2,979,000) (1,531,000)
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
Income on bank-owned life insurance (1,089,000) (5,846,000) (5,208,000) (4,936,000)
Contribution of common stock to Columbia Bank Foundation 0 0 34,767,000 0
Employee stock ownership plan expense 0 3,566,000 2,594,000 0
Stock based compensation 0 3,694,000 0 0
Increase in deferred compensation obligations under Rabbi Trust 0 65,000 (620,000) 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 11,513,000 187,376,000
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
Proceeds from paydowns / maturities / calls of debt securities held to maturity 1,845,000 46,133,000 8,820,000 769,000
Purchases of debt securities available for sale (163,721,000) (176,171,000) (413,804,000) (162,788,000)
Purchases of debt securities held to maturity (108,640,000) (70,126,000) (31,639,000) (30,484,000)
Purchase of equity securities 0 (416,000) 0 0
Proceeds from sales of loans receivable 0 11,671,000 32,039,000 62,407,000
Purchase of loans receivable (56,095,000) (89,774,000) (32,251,000) (20,473,000)
Net increase in loans receivable (41,157,000) (503,772,000) (536,129,000) (425,926,000)
Purchase of bank-owned life insurance 0 0 (30,000,000) (4,500,000)
Proceeds from bank-owned life insurance death benefit 0 1,015,000 1,241,000 1,631,000
Proceeds from redemptions of Federal Home Loan Bank stock 6,476,000 72,871,000 67,035,000 33,193,000
Purchases of Federal Home Loan Bank stock (15,296,000) (79,796,000) (81,309,000) (35,035,000)
Proceeds from sales of office properties and equipment 0 0 8,000 17,000
Additions to office properties and equipment (2,648,000) (19,344,000) (13,272,000) (6,527,000)
Proceeds from sales of real estate owned 0 91,000 1,007,000 1,614,000
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:        
Net increase in deposits 139,887,000 449,270,000 150,558,000 300,613,000
Proceeds from long-term borrowings 0 140,000,000 220,980,000 168,400,000
Payments on long-term borrowings (90,000,000) (230,000,000) (210,000,000) (90,000,000)
Net increase (decrease) in short-term borrowings 286,000,000 225,081,000 299,800,000 (27,400,000)
Payments on trust preferred securities 0 0 (51,547,000) 0
Increase (decrease) in advance payments by borrowers for taxes and insurance (1,555,000) 3,121,000 6,467,000 (2,056,000)
Issuance of common stock 0 14,000 492,428,000 0
Purchase of treasury stock 0 (55,309,000) 0 0
Purchase of employee stock ownership plan shares 0 0 (45,428,000) 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 100,975,000 42,201,000 65,498,000 45,694,000
Cash and cash equivalents at end of period 65,498,000 75,547,000 42,201,000 100,975,000
Cash paid during the period for:        
Interest on deposits and borrowings 11,484,000 87,370,000 61,987,000 44,397,000
Income tax payments, net of (refunds) 1,393,000 (2,893,000) 21,325,000 27,784,000
Non-cash investing and financing activities        
Transfer of loans receivable to real estate owned 566,000 0 251,000 515,000
Transfer of loans receivable to loans held-for-sale 0 93,147,000 11,696,000 0
Transfer of securities from available for sale to held to maturity 0 0 0 103,680,000
Securitization of loans 0 21,615,000 0 0
Non-cash assets acquired:        
Debt securities available for sale 0 51,710,000 0 0
Equity securities 0 1,073,000 0 0
Federal Home Loan Bank stock 0 3,716,000 0 0
Loans receivable 0 757,223,000 0 0
Accrued interest receivable 0 2,239,000 0 0
Office properties and equipment, net 0 6,815,000 0 0
Bank-owned life insurance 0 22,096,000 0 0
Deferred tax assets, net 0 3,534,000 0 0
Core deposit and other intangibles 0 7,467,000 0 0
Other assets 0 767,000 0 0
Total non-cash assets acquired 0 856,640,000 0 0
Liabilities assumed:        
Deposits 0 782,698,000 0 0
Borrowings 0 82,761,000 0 0
Advance payments by borrowers for taxes and insurance 0 356,000 0 0
Accrued expenses and other liabilities 0 14,584,000 0 0
Total liabilities assumed 0 880,399,000 0 0
Net non-cash liabilities acquired 0 (23,759,000) 0 0
Net cash and cash equivalents acquired in acquisition $ 0 $ 105,006,000 $ 0 $ 0