COLUMBIA BANKING SYSTEM INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
COLB$31.00+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
December 31, 2023 and 2022
| (in thousands, except shares) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $498,496 | $327,313 |
| Interest-bearing cash and temporary investments | 1,664,038 | 967,330 |
| Total cash and cash equivalents | 2,162,534 | 1,294,643 |
| Investment securities | ||
| Equity and other, at fair value | 76,995 | 72,959 |
| Available for sale, at fair value | 8,829,870 | 3,196,166 |
| Held to maturity, at amortized cost | 2,300 | 2,476 |
| Loans held for sale | 30,715 | 71,647 |
| Loans and leases (at fair value: $275,140 and $285,581) | 37,441,951 | 26,155,981 |
| Allowance for credit losses on loans and leases | (440,871) | (301,135) |
| Net loans and leases | 37,001,080 | 25,854,846 |
| Restricted equity securities | 179,274 | 47,144 |
| Premises and equipment, net | 338,970 | 176,016 |
| Operating lease right-of-use assets | 115,811 | 78,598 |
| Goodwill | 1,029,234 | — |
| Other intangible assets, net | 603,679 | 4,745 |
| Residential mortgage servicing rights, at fair value | 109,243 | 185,017 |
| Bank-owned life insurance | 680,948 | 331,759 |
| Deferred tax asset, net | 347,203 | 132,823 |
| Other assets | 665,740 | 399,800 |
| Total assets | $52,173,596 | $31,848,639 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Deposits | ||
| Non-interest-bearing | $14,256,452 | $10,288,849 |
| Interest-bearing | 27,350,568 | 16,776,763 |
| Total deposits | 41,607,020 | 27,065,612 |
| Securities sold under agreements to repurchase | 252,119 | 308,769 |
| Borrowings | 3,950,000 | 906,175 |
| Junior subordinated debentures, at fair value | 316,440 | 323,639 |
| Junior and other subordinated debentures, at amortized cost | 107,895 | 87,813 |
| Operating lease liabilities | 130,576 | 91,694 |
| Other liabilities | 814,512 | 585,111 |
| Total liabilities | 47,178,562 | 29,368,813 |
| COMMITMENTS AND CONTINGENCIES (NOTE 18) | ||
| SHAREHOLDERS' EQUITY | ||
| Preferred Stock, no par value, shares authorized: 2,000,000, issued and outstanding: 0 | — | — |
| Common stock, no par value, shares authorized: 520,000,000 in 2023 and 238,320,000(1) in 2022; issued and outstanding: 208,584,667 in 2023 and 129,320,962(1) in 2022 | 5,802,747 | 3,450,493 |
| Accumulated deficit | (467,571) | (543,803) |
| Accumulated other comprehensive loss | (340,142) | (426,864) |
| Total shareholders' equity | 4,995,034 | 2,479,826 |
| Total liabilities and shareholders' equity | $52,173,596 | $31,848,639 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.