COLUMBIA BANKING SYSTEM INC
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
COLB$30.85-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended | ||
|---|---|---|
| (in thousands) | March 31, 2024 | March 31, 2023 |
| Net income (loss) | $124,080 | $(14,038) |
| Available for sale securities: | ||
| Unrealized (losses) gains arising during the period | (122,662) | 145,438 |
| Income tax benefit (expense) related to unrealized (losses) gains | 31,893 | (37,827) |
| Reclassification adjustment for net realized gains in earnings | (12) | — |
| Income tax expense related to realized gains | 3 | — |
| Net change in unrealized (losses) gains for available for sale securities | (90,778) | 107,611 |
| Junior subordinated debentures, at fair value: | ||
| Unrealized gains arising during the period | 6,453 | 25,812 |
| Income tax expense related to unrealized gains | (1,678) | (6,711) |
| Net change in unrealized gains for junior subordinated debentures, at fair value | 4,775 | 19,101 |
| Pension plan liability adjustment: | ||
| Amortization of unrecognized net actuarial loss included in net periodic pension cost | 19 | 24 |
| Income tax expense related to unrecognized actuarial loss | (5) | (6) |
| Net change in pension plan liability adjustment | 14 | 18 |
| Other comprehensive (loss) income, net of tax | (85,989) | 126,730 |
| Comprehensive income | $38,091 | $112,692 |
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