COLUMBIA BANKING SYSTEM INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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, 2024 and 2023
| (in thousands, except shares) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $496,666 | $498,496 |
| Interest-bearing cash and temporary investments | 1,381,589 | 1,664,038 |
| Total cash and cash equivalents | 1,878,255 | 2,162,534 |
| Investment securities | ||
| Equity and other, at fair value | 78,133 | 76,995 |
| Available for sale, at fair value | 8,274,615 | 8,829,870 |
| Held to maturity, at amortized cost | 2,101 | 2,300 |
| Loans held for sale | 71,535 | 30,715 |
| Loans and leases (at fair value: $168,809 and $275,140) | 37,680,901 | 37,441,951 |
| Allowance for credit losses on loans and leases | (424,629) | (440,871) |
| Net loans and leases | 37,256,272 | 37,001,080 |
| Restricted equity securities | 150,024 | 179,274 |
| Premises and equipment, net | 348,670 | 338,970 |
| Operating lease right-of-use assets | 111,227 | 115,811 |
| Goodwill | 1,029,234 | 1,029,234 |
| Other intangible assets, net | 484,248 | 603,679 |
| Residential mortgage servicing rights, at fair value | 108,358 | 109,243 |
| Bank-owned life insurance | 693,839 | 680,948 |
| Deferred tax asset, net | 359,425 | 347,203 |
| Other assets | 730,461 | 665,740 |
| Total assets | $51,576,397 | $52,173,596 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Deposits | ||
| Non-interest-bearing | $13,307,905 | $14,256,452 |
| Interest-bearing | 28,412,827 | 27,350,568 |
| Total deposits | 41,720,732 | 41,607,020 |
| Securities sold under agreements to repurchase | 236,627 | 252,119 |
| Borrowings | 3,100,000 | 3,950,000 |
| Junior subordinated debentures, at fair value | 330,895 | 316,440 |
| Junior and other subordinated debentures, at amortized cost | 107,668 | 107,895 |
| Operating lease liabilities | 125,710 | 130,576 |
| Other liabilities | 836,541 | 814,512 |
| Total liabilities | 46,458,173 | 47,178,562 |
| COMMITMENTS AND CONTINGENCIES (Note 16) | ||
| 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 2024 and 2023; issued and outstanding: 209,536,323 in 2024 and 208,584,667 in 2023 | 5,817,458 | 5,802,747 |
| Accumulated deficit | (237,254) | (467,571) |
| Accumulated other comprehensive loss | (461,980) | (340,142) |
| Total shareholders' equity | 5,118,224 | 4,995,034 |
| Total liabilities and shareholders' equity | $51,576,397 | $52,173,596 |
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