Columbia Financial, Inc./MD/
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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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.
Jun 30, 2026 · Filed Aug 7, 2026
CLBK$11.33-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands, unaudited) | ||
| Cash flows from operating activities: | ||
| Net income | $27,585 | $21,205 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Amortization of deferred loan costs, fees and purchased premiums and discounts | 3,631 | 2,941 |
| Net amortization (accretion) of premiums and discounts on securities | (1,808) | (1,915) |
| Net amortization of mortgage servicing rights | 106 | 98 |
| Amortization of intangible assets | 1,122 | 1,031 |
| Depreciation and amortization of office properties and equipment | 4,639 | 4,218 |
| Amortization of operating lease right-of-use assets | 2,111 | 1,995 |
| Provision for credit losses | 5,268 | 5,401 |
| Gain on securities transactions | — | (336) |
| Change in fair value of equity securities | 982 | (580) |
| Gain on securitizations | — | (70) |
| Gain on sale of loans, net | (775) | (430) |
| Gain on disposal of office properties and equipment, net | — | (18) |
| Deferred tax (benefit) expense | — | (5,818) |
| Increase in accrued interest receivable | (882) | (778) |
| Gain on sale of other real estate owned | — | (281) |
| (Increase) decrease in other assets | (41,663) | 810 |
| Increase (decrease) in accrued expenses and other liabilities | 23,401 | (14,599) |
| Income on bank-owned life insurance | (4,914) | (3,849) |
| Employee stock ownership plan expense | 2,061 | 1,674 |
| Stock based compensation | 2,186 | 2,460 |
| Decrease (increase) in deferred compensation obligations under Rabbi Trust | 27 | (99) |
| Net cash provided by operating activities | 23,077 | 13,060 |
| Cash flows from investing activities: | ||
| Proceeds from sales of debt securities available for sale | — | 15,656 |
| Proceeds from paydowns/maturities/calls of debt securities available for sale | 108,072 | 102,847 |
| Proceeds from paydowns/maturities/calls of debt securities held to maturity | 22,810 | 24,869 |
| Purchases of debt securities available for sale | (252,884) | (118,767) |
| Purchases of debt securities held to maturity | (19,516) | (33,369) |
| Proceeds from sales of loans held-for-sale | 13,333 | 20,525 |
| Purchases of loans receivable | — | (150,882) |
| Net increase in loans receivable | (225,116) | (138,878) |
| Proceeds from bank-owned life insurance death benefit | 2,824 | — |
| Proceeds from redemptions of Federal Home Loan Bank stock | 18,340 | 19,574 |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock | (35,585) | (27,850) |
| Proceeds from sales of office properties and equipment | — | 18 |
| Additions to office properties and equipment | (4,450) | (4,622) |
| Proceeds from sales of other real estate owned | — | 1,615 |
| Net cash used in investing activities | $(372,172) | $(289,264) |
Consolidated Statements of Cash Flows (continued)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands, unaudited) | ||
| Cash flows from financing activities: | ||
| Net increase in deposits | $1,057,986 | $39,334 |
| Proceeds from long-term borrowings | 40,000 | 130,000 |
| Payments on long-term borrowings | (55,000) | (60,000) |
| Net increase in short-term borrowings | 49,980 | 121,978 |
| Increase in advance payments by borrowers for taxes and insurance | 5,276 | 4,072 |
| Exercise of stock options | (133) | — |
| Repurchase of shares for taxes | (229) | (179) |
| Net cash provided by financing activities | $1,097,880 | $235,205 |
| Net increase (decrease) in cash and cash equivalents | $748,785 | $(40,999) |
| Cash and cash equivalents at beginning of year | 340,806 | 289,223 |
| Cash and cash equivalents at end of period | $1,089,591 | $248,224 |
| Cash paid during the period for: | ||
| Interest on deposits and borrowings | $117,271 | $124,241 |
| Income tax payments, net of refunds | $6,263 | $73 |
| Non-cash investing and financing activities: | ||
| Transfer of loans receivable to other real estate owned | $5,923 | $— |
| Transfer of loans receivable to loans held-for-sale | $12,558 | $20,149 |
| Securitization of loans | $— | $7,207 |
| Excise tax (benefit) on net stock repurchases | $9 | $(7) |
| See accompanying notes to unaudited consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.