Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Jan. 31, 2019 | Jun. 30, 2018 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Small Business | false | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2,018 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | COLUMBIA BANKING SYSTEM INC | ||
Entity Central Index Key | 887,343 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 73,267,025 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 2,967,255,859 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 260,180 | $ 244,615 |
Interest-earning deposits with banks | 17,407 | 97,918 |
Total cash and cash equivalents | 277,587 | 342,533 |
Debt Securities, Available-for-sale | 3,167,448 | 2,737,751 |
Equity Securities at fair value | 0 | 5,080 |
Federal Home Loan Bank stock at cost | 25,960 | 10,440 |
Loans held for sale | 3,849 | 5,766 |
Loans, net of unearned income | 8,391,511 | 8,358,657 |
Loans and Leases Receivable, Allowance | 83,369 | 75,646 |
Loans, net | 8,308,142 | 8,283,011 |
Interest receivable | 45,323 | 40,881 |
Premises and equipment, net | 168,788 | 169,490 |
Other real estate owned | 6,019 | 13,298 |
Goodwill | 765,842 | 765,842 |
Other intangible assets, net | 45,937 | 58,173 |
Other assets | 280,250 | 284,621 |
Total Assets | 13,095,145 | 12,716,886 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Noninterest-bearing | 5,227,216 | 5,081,901 |
Interest-bearing | 5,230,910 | 5,450,184 |
Total deposits | 10,458,126 | 10,532,085 |
Federal Home Loan Bank advances | 399,523 | 11,579 |
Securities sold under agreements to repurchase | 61,094 | 79,059 |
Subordinated Debt | 35,462 | 35,647 |
Junior Subordinated Notes | 0 | 8,248 |
Other liabilities | 107,291 | 100,346 |
Total liabilities | 11,061,496 | 10,766,964 |
Commitments and contingent liabilities | ||
Shareholders' equity: | ||
Preferred Stock, Shares Authorized | 2,000 | 2,000 |
Common stock Authorized shares | 115,000 | 115,000 |
Common Stock Shares Issued And Outstanding | 73,249 | 73,020 |
Common Stock (no par value) | $ 1,642,246 | $ 1,634,705 |
Retained earnings | 426,708 | 337,442 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (35,305) | (22,225) |
Total shareholders' equity | 2,033,649 | 1,949,922 |
Total Liabilities and Shareholders' Equity | $ 13,095,145 | $ 12,716,886 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands, $ / shares in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Common stock, par value | $ 0 | $ 0 |
Common Stock Shares Issued And Outstanding | 73,249 | 73,020 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Interest Income | |||||
Loans | $ 428,197 | $ 324,229 | $ 291,465 | ||
Taxable securities | 55,969 | 38,659 | 35,167 | ||
Tax-exempt securities | 12,201 | 11,045 | 11,121 | ||
Deposits in banks | 702 | 813 | 216 | ||
Total interest income | 497,069 | 374,746 | 337,969 | ||
Interest Expense | |||||
Deposits | 12,105 | 4,800 | 3,134 | ||
Federal Home Loan Bank advances | 3,750 | 1,078 | 671 | ||
Interest Expense, Subordinated Notes and Debentures | 1,871 | 304 | 0 | ||
Other borrowings | 504 | 575 | 545 | ||
Total interest expense | 18,230 | 6,757 | 4,350 | ||
Net Interest Income | 478,839 | 367,989 | 333,619 | ||
Provision for loan and lease losses | 14,769 | 8,631 | 10,778 | ||
Net interest income after provision for loan and lease losses | 464,070 | 359,358 | 322,841 | ||
Noninterest Income | |||||
Deposit account and treasury management fees | 36,072 | 30,381 | 28,500 | ||
Card revenue | 19,719 | 25,627 | 23,620 | ||
Financial services and trust revenue | 12,135 | 11,478 | 11,266 | ||
Loan revenue | 11,866 | 12,399 | 10,967 | ||
Merchant processing revenue | 0 | 4,283 | 8,732 | ||
Bank owned life insurance | 6,007 | 5,380 | 4,546 | ||
Investment securities gains (losses), net | (89) | (11) | 1,181 | ||
Gain on sale of merchant card services portfolio | 0 | 14,000 | 0 | ||
Change in FDIC loss sharing asset | 0 | (447) | (2,585) | ||
Other | 2,546 | 6,552 | 1,855 | ||
Total noninterest income | 88,256 | 109,642 | 88,082 | ||
Noninterest Expense | |||||
Compensation and employee benefits | 200,199 | 169,674 | 150,282 | ||
Occupancy | 36,576 | 32,407 | 33,734 | ||
Merchant processing | 0 | 2,196 | 4,330 | ||
Advertising and promotion | 5,584 | 4,466 | 4,598 | ||
Data processing | 20,235 | 18,205 | 16,488 | ||
Legal and professional fees | 18,044 | 15,151 | 7,889 | ||
Taxes, licenses and fees | 6,061 | 4,773 | 5,185 | ||
Regulatory premiums | 3,710 | 3,183 | 3,777 | ||
Net cost of operation of other real estate owned | 1,218 | 468 | 551 | ||
Amortization of intangibles | 12,236 | 6,333 | 5,946 | ||
Other | 36,627 | 34,161 | 28,362 | ||
Total noninterest expense | 340,490 | 291,017 | 261,142 | ||
Income before income taxes | 211,836 | 177,983 | 149,781 | ||
Income tax provision | 38,954 | 65,155 | 44,915 | ||
Net Income | $ 172,882 | $ 112,828 | $ 104,866 | ||
Per Common Share | |||||
Basic earnings per common share | $ 2.36 | [1] | $ 1.86 | [1] | $ 1.81 |
Diluted earnings per common share | $ 2.36 | [1] | $ 1.86 | [1] | $ 1.81 |
Weighted average number of common shares outstanding | 72,385 | 59,882 | 57,184 | ||
Weighted average number of diluted common shares outstanding | 72,390 | 59,888 | 57,193 | ||
[1] | Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net income | $ 172,882 | $ 112,828 | $ 104,866 |
Unrealized loss from securities: | |||
Net unrealized holding loss from available for sale securities arising during the period, net of tax of $4,067, $1,932 and $7,025 | (13,425) | (3,391) | (12,338) |
Reclassification adjustment of net gain (loss) from sale of available for sale securities included in income, net of tax of $25, ($4) and $429 | (81) | 7 | (752) |
Net unrealized loss from securities, net of reclassification adjustment | (13,506) | (3,384) | (13,090) |
Pension plan liability adjustment: | |||
Unrecognized net actuarial gain (loss) and plan amendments during the period, net of tax of ($7), ($2,287) and $22 | 24 | 4,017 | (39) |
Less: amortization of unrecognized net actuarial losses included in net periodic pension cost, net of tax of ($74), ($127) and ($243) | (245) | (223) | (425) |
Pension plan liability adjustment, net | (269) | (4,240) | (386) |
Other comprehensive income (loss) | (13,237) | 856 | (12,704) |
Comprehensive income | $ 159,645 | $ 113,684 | $ 92,162 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net unrealized holding gain (loss) from available for sale securities arising during the period, tax | $ 4,067 | $ 1,932 | $ 7,025 |
Reclassification adjustment of net gain from sale of available for sale securities included in income, tax | 25 | (4) | 429 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax | (7) | (2,287) | 22 |
Less: amortization of unrecognized net actuarial loss included in net periodic pension cost, tax | $ (74) | $ (127) | $ (243) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] |
Balance, value at Dec. 31, 2015 | $ 1,242,128 | $ 2,217 | $ 990,281 | $ 255,925 | $ (6,295) |
Balance (in shares) at Dec. 31, 2015 | 9,000 | 57,724,000 | |||
Net income | 104,866 | 104,866 | |||
Other comprehensive income | (12,704) | (12,704) | |||
Stock Adjustment Value Deferred Compensation | (11) | ||||
Issuance of common stock - stock option and other plans, shares | 50,000 | ||||
Issuance of common stock - stock option and other plans, value | 1,349 | $ 1,349 | |||
Issuance of common stock - restricted stock awards, net of canceled awards, shares | 306,000 | ||||
Issuance of common stock - restricted stock awards, net of canceled awards, value | 5,009 | $ 5,009 | |||
Tax benefit deficiency associated with share-based compensation | 334 | $ 334 | |||
Purchase and retirement of common stock (in shares) | (38,000) | ||||
Purchase and retirement of common stock, value | (1,125) | $ (1,125) | |||
Dividends, Preferred Stock, Cash | (157) | (157) | |||
Cash dividends paid on common stock | (88,677) | (88,677) | |||
Balance, value at Dec. 31, 2016 | $ 1,251,012 | $ 2,217 | $ 995,837 | 271,957 | (18,999) |
Balance (in shares) at Dec. 31, 2016 | 9,000 | 58,042,000 | |||
Preferred Stock, Dividends, Per Share, Cash Paid | $ 1.53 | ||||
Common Stock, Dividends, Per Share, Cash Paid | $ 1.53 | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-09 [Member] | $ 67 | $ 184 | (117) | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2018-02 [Member] | 0 | 4,082 | (4,082) | ||
Net income | 112,828 | 112,828 | |||
Other comprehensive income | 856 | 856 | |||
Issuance of common stock, net of offering costs, shares | 14,642,000 | ||||
Issuance of common stock, net of offering costs, value | 636,385 | $ 636,385 | |||
Stock Adjustment Value Deferred Compensation | 1 | $ 1 | |||
Issuance of common stock - stock option and other plans, shares | 49,000 | ||||
Issuance of common stock - stock option and other plans, value | 1,980 | $ 1,980 | |||
Issuance of common stock - restricted stock awards, net of canceled awards, shares | 241,000 | ||||
Issuance of common stock - restricted stock awards, net of canceled awards, value | 7,745 | $ 7,745 | |||
Conversion of Stock, Shares Converted | (9,000) | ||||
Conversion of Stock, Amount Converted | $ (2,217) | ||||
Conversion of Stock, Shares Issued | 102,000 | ||||
Conversion of Stock, Amount Issued | 0 | $ 2,217 | |||
Purchase and retirement of common stock (in shares) | (56,000) | ||||
Purchase and retirement of common stock, value | (2,299) | $ (2,299) | |||
Stock Redeemed or Called During Period, Value | (7,345) | (7,345) | |||
Cash dividends paid on common stock | (51,308) | (51,308) | |||
Balance, value at Dec. 31, 2017 | $ 1,949,922 | $ 0 | $ 1,634,705 | 337,442 | (22,225) |
Balance (in shares) at Dec. 31, 2017 | 0 | 73,020,000 | |||
Preferred Stock, Dividends, Per Share, Cash Paid | $ 0 | ||||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.88 | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2018-02 [Member] | (4,082) | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-01 [Member] | $ 0 | (157) | 157 | ||
Net income | 172,882 | 172,882 | |||
Other comprehensive income | (13,237) | (13,237) | |||
Stock Adjustment Value Deferred Compensation | $ 7 | $ 7 | |||
Issuance of common stock - stock option and other plans, shares | 1,112 | 46,000 | |||
Issuance of common stock - stock option and other plans, value | $ 1,857 | $ 1,857 | |||
Issuance of common stock - restricted stock awards, net of canceled awards, shares | 246,000 | ||||
Issuance of common stock - restricted stock awards, net of canceled awards, value | 8,354 | $ 8,354 | |||
Purchase and retirement of common stock (in shares) | (63,000) | ||||
Purchase and retirement of common stock, value | (2,677) | $ (2,677) | |||
Cash dividends paid on common stock | (83,459) | (83,459) | |||
Balance, value at Dec. 31, 2018 | $ 2,033,649 | $ 0 | $ 1,642,246 | $ 426,708 | $ (35,305) |
Balance (in shares) at Dec. 31, 2018 | 0 | 73,249,000 | |||
Preferred Stock, Dividends, Per Share, Cash Paid | $ 0 | ||||
Common Stock, Dividends, Per Share, Cash Paid | $ 1.14 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Cash Flows From Operating Activities | |||
Net income | $ 172,882 | $ 112,828 | $ 104,866 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for loan and lease losses | 14,769 | 8,631 | 10,778 |
Stock-based compensation expense | 8,354 | 7,745 | 5,009 |
Depreciation, amortization and accretion | 32,971 | 31,101 | 34,542 |
Investment securities loss (gain), net | 89 | 11 | (1,181) |
Net realized loss (gain) on sale of premises and equipment and loans held for investment | 316 | (139) | 157 |
Net gain on sale and valuation adjustments of OREO | (1,218) | (495) | (629) |
Gain on sale of merchant card services portfolio | 0 | (14,000) | 0 |
Gain (Loss) on Sale of Insurance Block | 0 | (4,193) | 0 |
FDIC loss-sharing agreement early termination, pretax charge | 0 | 2,409 | 0 |
Originations of loans held for sale | (133,945) | (133,460) | (110,467) |
Proceeds from Sale of Loans Held-for-sale | 135,862 | 133,540 | 109,130 |
Deferred income tax expense (benefit) | 108 | 22,431 | 1,846 |
Net change in: | |||
Interest receivable | (4,442) | (2,980) | (2,197) |
Interest payable | 164 | 131 | (93) |
Other assets | 2,176 | (25,471) | (15,917) |
Other liabilities | 6,679 | (10,554) | 8,745 |
Net cash provided by operating activities | 237,201 | 128,525 | 145,847 |
Cash Flows From Investing Activities | |||
Payments for (Proceeds from) Loans and Leases | 2,069 | (273,927) | (402,146) |
Purchases of securities available for sale | (965,585) | (355,607) | (569,825) |
Payments to Acquire Loans Held-for-investment | (46,969) | 0 | 0 |
Purchases of premises and equipment | (11,328) | (6,495) | (4,520) |
Payments to Acquire Federal Home Loan Bank Stock | (197,440) | (92,040) | (59,599) |
Proceeds from FDIC for reimbursement on loss-sharing asset | 0 | 26 | 927 |
Proceeds from sales of securities available for sale | 32,330 | 30,403 | 124,142 |
Proceeds from Sale of Available-for-sale Securities, Equity | 4,808 | 0 | 0 |
Proceeds from principal repayments and maturities of securities available for sale | 465,747 | 283,874 | 284,218 |
Proceeds from sales of loans held for investment and other assets | 16,030 | 12,422 | 9,643 |
Proceeds from sale of merchant card services portfolio | 0 | 14,000 | 0 |
Proceeds from Sale of Federal Home Loan Bank Stock | 181,920 | 98,924 | 62,081 |
Proceeds from sales of other real estate and other personal property owned | 7,261 | 2,590 | 8,158 |
Proceeds from Life Insurance Policy | 5,074 | 10,745 | 0 |
Payment from (to) FDIC to terminate loss-sharing agreements | 0 | (4,666) | 0 |
Payment to FDIC Related to Loss-Sharing Asset | 0 | (210) | (1,632) |
Net cash received in business combinations | 0 | 80,472 | 0 |
Net cash used in investing activities | (506,083) | (199,489) | (548,553) |
Cash Flows From Financing Activities | |||
Net increase (decrease) in deposits | (73,591) | 353,797 | 620,785 |
Net increase (decrease) in sweep repurchase agreements | 7,035 | (3,380) | (18,877) |
Proceeds from exercise of stock options | 1,857 | 1,980 | 1,349 |
Proceeds from Federal Home Loan Bank advances | 4,936,000 | 2,301,000 | 1,392,000 |
Proceeds from Federal Reserve Bank borrowings | 5,010 | 10 | 10 |
Repayment of Federal Home Loan Bank advances | (4,548,000) | (2,397,000) | (1,454,000) |
Repayment of Federal Reserve Bank borrowings | (5,010) | (10) | (10) |
Payment of preferred stock dividends | 0 | 0 | (157) |
Payment of common stock dividends | (83,440) | (51,308) | (88,677) |
Repayments of Subordinated Debt | 8,248 | 6,186 | 0 |
Repayment of term repurchase agreement | (25,000) | 0 | 0 |
Payments for Repurchase of Equity | 0 | (7,345) | 0 |
Purchase and retirement of common stock | (2,677) | (2,299) | (1,125) |
Proceeds from excess tax benefit from stock-based compensation | 0 | 0 | (344) |
Net cash provided by financing activities | 203,936 | 189,259 | 451,642 |
Increase (decrease) in cash and cash equivalents | (64,946) | 118,295 | 48,936 |
Cash and cash equivalents at beginning of period | 342,533 | 224,238 | 175,302 |
Supplemental Information: | |||
Cash paid for interest | 18,066 | 6,626 | 4,444 |
Cash paid for income tax | 24,067 | 59,071 | 32,723 |
Non-cash investing and financing activities | |||
Loans transferred to other real estate owned | 1,200 | 106 | 1,047 |
Share-based consideration issued in business combinations | 0 | 636,385 | 0 |
Capital Expenditures Incurred but Not yet Paid | 195 | 0 | 0 |
Change in dividends payable on unvested shares | $ 19 | $ 0 | $ 0 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies and Reclassifications Organization Columbia Banking System, Inc. (the “Corporation,” “we,” “our,” “Columbia” or the “Company”) is the holding company for Columbia State Bank (“Columbia Bank” or the “Bank”) and Columbia Trust Company (“Columbia Trust”). The Bank provides a full range of financial services through 150 branch locations, including 74 in the State of Washington, 62 in Oregon and 14 in Idaho. Columbia Trust provides fiduciary, agency, trust and related services, and life insurance products. Because the Bank comprises substantially all of the business of the Corporation, references to the “Company” mean the Corporation, the Bank and Columbia Trust together. The Corporation is approved as a bank holding company pursuant to the Gramm-Leach-Bliley Act of 1999. The Company’s accounting and reporting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and practices in the financial services industry. To prepare the financial statements in conformity with GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and income and expenses during the reporting period. Circumstances and events that differ significantly from those underlying our estimates and assumptions could cause actual financial results to differ from our estimates. The most significant estimates included in the financial statements relate to the allowance for loan and lease losses, business combinations and goodwill impairment. The Company has applied its accounting policies and estimation methods consistently in all periods presented in these financial statements (to the periods in which they applied). Consolidation The Consolidated Financial Statements of the Company include the accounts of the Corporation and its subsidiaries, including the Bank and Columbia Trust. Intercompany balances and transactions have been eliminated in consolidation. Cash and cash equivalents Cash and cash equivalents include cash and due from banks, and interest-bearing balances due from correspondent banks and the Federal Reserve Bank (“FRB”). Cash equivalents have a maturity of 90 days or less at the time of purchase. Securities Securities are classified based on management’s intention on the date of purchase. All securities are classified as available for sale and are presented at fair value. Unrealized gains or losses on securities available for sale are excluded from net income but are included as separate components of other comprehensive income, net of taxes. Purchase premiums or discounts on securities available for sale are amortized or accreted into income using the interest method over the terms of the individual securities. The Company performs a quarterly assessment to determine whether a decline in fair value below amortized cost is other-than-temporary. Amortized cost includes adjustments made to the cost of an investment for accretion, amortization, collection of cash and previous other-than-temporary impairment recognized in earnings. Other-than-temporary impairment exists when it is probable that the Company will be unable to recover the entire amortized cost basis of the security. In performing the quarterly assessment for debt securities, management considers whether or not the Company expects to recover the entire amortized cost basis of the security. In addition, management also considers whether it is more likely than not that it will not have to sell the security before recovery of its cost basis. If the Company intends to sell a security or it is more likely than not it will be required to sell a security prior to recovery of its cost basis, the entire amount of impairment is recognized in earnings. If the Company does not intend to sell the security or it is not more likely than not it will be required to sell the security prior to recovery of its cost basis, the credit loss component of impairment is recognized in earnings and impairment associated with non-credit factors, such as market liquidity, is recognized in “Other comprehensive income (loss), net of tax.” A credit loss is the difference between the cost basis of the security and the present value of cash flows expected to be collected, discounted at the security’s effective interest rate at the date of acquisition. The cost basis of an other-than-temporarily impaired security is written down by the amount of impairment recognized in earnings. The new cost basis is not adjusted for subsequent recoveries in fair value. However, the difference between the new amortized cost basis and the cash flows expected to be collected is accreted as interest income. The total other-than-temporary impairment, if any, is presented in the Consolidated Statements of Income with a reduction for the amount of other-than-temporary impairment that is recognized in “Other Comprehensive Income,” if any. Realized gains or losses on sales of securities available for sale are recorded using the specific identification method. Federal Home Loan Bank Stock The Company holds shares of Class B stock issued by the Federal Home Loan Bank (“FHLB”) of Des Moines, which has been designated as FHLB membership stock or FHLB activity based stock in accordance with the capital plan of the FHLB. Membership stock is stock we are required to purchase and hold as a condition of membership in the FHLB. The Company’s membership stock purchase requirement is measured as a percentage of our year-end assets, subject to a $10 million cap. Class B stock may be redeemed, subject to certain limitations, on five years’ written notice to the FHLB. Activity based stock is stock we are required to purchase and hold in order to obtain an advance or participate in FHLB mortgage programs. The Company’s activity based stock purchase requirement is measured as a percentage of our advance proceeds. Our FHLB stock is carried at par value because the shares are issued, transferred, redeemed, and repurchased by the FHLB at a par value of $100 . The FHLB stock is subject to recoverability testing per the Financial Services-Depository and Lending topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). Loans Loans, excluding purchased credit impaired loans, are generally carried at the unpaid principal balance, net of purchase premiums, purchase discounts and net deferred loan fees. Net deferred loan fees include nonrefundable loan origination fees less direct loan origination costs. Net deferred loan fees, purchase premiums and purchase discounts are amortized into interest income using either the interest method or straight-line method over the terms of the loans, adjusted for actual prepayments. The interest method is used for all loans except revolving loans, for which the straight-line method is used. Interest income is accrued as earned. Fees related to lending activities, other than the origination or purchase of loans, are recognized as noninterest income during the period the related services are performed. Nonaccrual loans —Loans are placed on nonaccrual status when a loan becomes contractually past due 90 days with respect to interest or principal unless the loan is both well secured and in the process of collection, or if full collection of interest or principal becomes uncertain. When a loan is placed on nonaccrual status, any accrued and unpaid interest receivable is reversed and the amortization of net deferred loan fees, premiums and discounts ceases. The interest payments received on nonaccrual loans are generally accounted for on the cost-recovery method whereby the interest payment is applied to the principal balances. Loans may be returned to accrual status when improvements in credit quality eliminate the doubt as to the full collectability of both interest and principal and a period of sustained performance has occurred. Impaired loans —Loans are considered impaired when based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement or when a loan has been modified in a troubled debt restructuring. The assessment for impairment occurs when and while such loans are designated as classified per the Company’s internal risk rating system or when and while such loans are on nonaccrual. All nonaccrual loans greater than $500,000 and all troubled debt restructured loans are considered impaired and analyzed individually on a quarterly basis. Classified loans with an outstanding balance greater than $500,000 are evaluated for potential impairment on a quarterly basis. Restructured Loans —A loan is classified as a troubled debt restructuring when a borrower is experiencing financial difficulties that lead to a restructuring of the loan, and the Company grants concessions to the borrower in the restructuring that it would not otherwise consider. These concessions may include interest rate reductions, principal forgiveness, extension of maturity date and other actions intended to minimize potential losses. Generally, a nonaccrual loan that is restructured remains on nonaccrual status for a period of six months to demonstrate that the borrower can meet the restructured terms. If the borrower’s performance under the new terms is not reasonably assured, the loan remains classified as a nonaccrual loan. Purchased Credit Impaired Loans (“PCI Loans”) —Loans acquired with evidence of credit deterioration since origination for which it is probable that all contractually required payments will not be collected are accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality . In addition, because of the significant discounts associated with certain of the acquired loan portfolios, the Company elected to account for those certain acquired loans under ASC 310-30. In situations where such loans have similar risk characteristics, loans are aggregated into pools to estimate cash flows. A pool is accounted for as a single asset with a single interest rate, cumulative loss rate and cash flow expectation. Expected cash flows at the acquisition date in excess of the fair value of loans are considered to be accretable yield, which is recognized as interest income over the life of the loan pool using a level yield method if the timing and amount of the future cash flows of the pool is reasonably estimable. Subsequent to the acquisition date, any increases in cash flow over those expected at purchase date in excess of fair value are recorded as interest income prospectively. Any subsequent decreases in cash flow over those expected at purchase date due to credit deterioration are recognized by recording an allowance for losses on purchased credit impaired loans. Any disposals of loans, including sales of loans, payments in full or foreclosures result in the removal of the loan from the loan pool at the carrying amount. Unfunded loan commitments —Unfunded commitments are generally related to providing credit facilities to clients of the Bank and are not actively traded financial instruments. These unfunded commitments are disclosed as financial instruments with off-balance sheet risk in Note 17, “Commitments and Contingent Liabilities.” Allowance for Loan and Lease Losses The allowance for loan and lease losses (the “allowance”) is an accounting estimate of incurred credit losses in our loan portfolio at the balance sheet date. The provision for loan and lease losses is the expense recognized in the Consolidated Statements of Income to adjust the allowance to the levels deemed appropriate by management, as measured by the Company’s credit loss estimation methodologies. Loans Collectively Evaluated for Impairment —This measure of estimated credit losses is based upon the loss experience over a historical base period adjusted for a loss emergence period. The loss emergence period is an estimate of the period that it takes, on average, for us to identify the amount of loss incurred for a loan that has suffered a loss-causing event. Management then considers the effects of the following qualitative factors to ensure our allowance reflects the inherent losses in the loan portfolio: • Economic and business conditions; • Concentration of credit; • Lending management and staff; • Lending policies and procedures; • Loss and recovery trends; • Nature and volume of the portfolio; • Trends in problem loans, loan delinquencies and nonaccrual loans; • Quality of internal loan review; and • External factors. These qualitative factors have a high degree of subjectivity and changes in any of the factors could have a significant impact on our calculation of the allowance. The qualitative adjustment by loan segment is based upon management's assessment of inherent losses within a range between the weighted historical loss factor by segment and the maximum consecutive quarterly losses in the relevant loss emergence period by segment over the historical base period. Loan and lease losses are charged against the allowance when management believes the collectability of a loan balance is unlikely. Subsequent recoveries, if any, are credited to the allowance. Loans Individually Evaluated for Impairment —This measure of estimated credit losses begins if, based upon current information and events, we believe it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement or when a loan has been modified in a troubled debt restructuring. When a loan has been identified as impaired, the amount of impairment will be measured using discounted cash flows, except when it is determined that the remaining source of repayment for the loan is the operation or liquidation of the underlying collateral. In these cases, the current fair value of the collateral, reduced by costs to sell, will be used in place of discounted cash flows. As a final alternative, the observable market price of the debt may be used to assess impairment. Predominantly, the Company uses the fair value of collateral approach based upon a reliable valuation. When the measurement of the impaired loan is less than the recorded amount of the loan, an impairment is recognized by recording a charge-off to the allowance or by designating a specific reserve. Purchased Credit Impaired Loans —The Company updates its cash flow projections for purchased credit impaired loans accounted for under ASC 310-30 on a quarterly basis. Assumptions utilized in this process include projections related to probability of default, loss severity, prepayment and recovery lag. Projections related to probability of default and prepayment are calculated utilizing a loan migration analysis. The loan migration analysis is a matrix of probability that is used to estimate the probability of a loan pool transitioning into a particular delinquency state given its delinquency state at the re-measurement date. Loss severity factors are based upon either actual charge-off data within the loan pools or industry averages, and recovery lags are based upon the collateral within the loan pools. Any decreases in expected cash flows after the acquisition date and subsequent measurement periods are recognized by recording a provision for loan losses. See “Purchased Credit Impaired Loans” for further discussion. Unfunded Commitments and Letters of Credit —The allowance for unfunded commitments is maintained at a level believed by management to be sufficient to absorb estimated probable losses related to these unfunded credit facilities. The determination of the adequacy of the allowance is based on periodic evaluations of the unfunded credit facilities including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers, and the terms and expiration dates of the unfunded credit facilities. The allowance for unfunded commitments is included in “Other liabilities” on the Consolidated Balance Sheets, with changes to the balance charged against noninterest expense. Premises and Equipment Land, buildings, leasehold improvements and equipment are stated at cost less accumulated depreciation and amortization. Gains or losses on dispositions are reflected in current operations. Expenditures for improvements and major renewals are capitalized, and ordinary maintenance, repairs and small purchases are charged to “Occupancy” in the Consolidated Statements of Income. Depreciation and amortization are computed based on the straight-line method over the estimated useful lives of the various classes of assets. The ranges of useful lives for the principal classes of assets are as follows: Buildings and building improvements 5 to 39 years Leasehold improvements Term of lease or useful life, whichever is shorter Furniture, fixtures and equipment 3 to 7 years Vehicles 5 years Computer software 3 to 5 years Software Capitalized software is stated at cost, less accumulated amortization. Amortization is computed on a straight-line basis and charged to expense over the estimated useful life of the software, which is generally three years. Capitalized software is included in “Premises and equipment, net” in the Consolidated Balance Sheets. Other Real Estate Owned Other real estate owned (“OREO”) is composed of real estate acquired by the Company through either foreclosure or deed in lieu of foreclosure in satisfaction of debt. At acquisition, OREO is recorded at fair value less estimated costs to sell. Any fair value adjustments at acquisition are charged to the allowance, or in the event of a write-up without previous losses charged to the allowance, a credit to earnings is recorded. The fair value of the OREO is based upon a current appraisal or a letter of intent to purchase. Losses that result from the ongoing periodic valuation of these properties are charged to the net cost of operation of OREO in the period in which they are identified. Improvements to the OREO are capitalized and holding costs are charged to the net cost of operation of OREO as incurred. Goodwill and Intangibles Net assets of companies acquired in a business combination are recorded at fair value at the date of acquisition. Any excess of the purchase price over the fair value of net assets acquired, including identified intangible assets, is recognized as goodwill. Goodwill is reviewed for potential impairment annually, during the third quarter, or, more frequently, if events or circumstances indicate a potential impairment, at the reporting unit level. A reporting unit is an operating segment or one level below an operating segment for which discrete financial information is available and regularly reviewed by management. The Company consists of a single reporting unit. If the fair value of the reporting unit, including goodwill, is determined to be less than the carrying amount of the reporting unit, a further test is required to measure the amount of impairment. If an impairment loss exists, the carrying amount of goodwill is adjusted to a new cost basis. Subsequent reversal of a previously recognized goodwill impairment loss is prohibited. Identified intangible assets are amortized on an accelerated basis over the period benefited. Intangible assets are also evaluated for impairment if events and circumstances indicate a possible impairment. Such evaluation is based on undiscounted cash flow projections. At December 31, 2018 , intangible assets included in the Consolidated Balance Sheets principally consisted of core deposit intangibles with an original estimated life of 10 years . Income Taxes The provision for income taxes includes current and deferred income tax expense on net income adjusted for temporary and permanent differences such as interest income from state and municipal securities and investments in affordable housing tax credits. Deferred tax assets and liabilities are recognized for the expected future tax consequences of existing temporary differences between the financial reporting and tax reporting basis of assets and liabilities using enacted tax laws and rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. On a quarterly basis, management evaluates deferred tax assets to determine if these tax benefits are expected to be realized in future periods. This determination is based on facts and circumstances, including the Company’s current and future tax outlook. To the extent a deferred tax asset is no longer considered “more likely than not” to be realized, a valuation allowance is established. We recognize the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. We recognize interest and penalties related to unrecognized tax benefits in “Provision for income taxes” in the Consolidated Statements of Income. Advertising Advertising costs are generally expensed as incurred. Earnings per Common Share The Company’s capital structure includes common shares, restricted common share awards, common share options, and, during 2016 and a portion of 2017, convertible preferred shares. Restricted common share awards participate in dividends declared on common shares at the same rate as common shares. Convertible preferred shares participated in dividends declared on common shares on an “as if converted” basis. Restricted common share awards and convertible preferred shares are considered participating securities under the Earnings per Share topic of the FASB ASC. The Company calculates earnings per common share (“EPS”) using the two-class method. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common shareholders but does not require the presentation of basic and diluted EPS for securities other than common shares. Under the two-class method, basic EPS is computed by dividing earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. Earnings allocated to common shareholders represents net income reduced by earnings allocated to participating securities. Diluted EPS is computed in the same manner as basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if certain shares issuable upon exercise of common share options were included unless those additional shares would have been anti-dilutive. For the diluted EPS computation, the treasury stock method is applied and compared to the two-class method and whichever method results in a more dilutive impact is utilized to calculate diluted EPS. Share-Based Payment The Company accounts for stock options and stock awards in accordance with the Compensation—Stock Compensation topic of the FASB ASC. Authoritative guidance requires the Company to measure the cost of employee services received in exchange for an award of equity instruments, such as stock options or stock awards, based on the fair value of the award on the grant date. This cost must be recognized in the Consolidated Statements of Income over the vesting period of the award. The Company issues restricted common share awards which generally vest over a four-year period and have full voting rights. Pursuant to our new equity incentive plan approved in 2018, for any awards issued under the new plan, the holder accrues dividends, which are paid out when the shares vest. For any awards granted prior to the new plan, the holder receives dividends whether or not the shares have vested. Restricted stock is valued at the closing price of the Company’s stock on the date of an award. Derivatives and Hedging Activities In accordance with the Derivatives and Hedging topic of the FASB ASC, the Company recognizes derivatives as assets or liabilities on the Consolidated Balance Sheets at their fair value. The Company periodically enters into interest rate contracts with customers and offsetting contracts with third parties. As these interest rate contracts are not designated as hedges under the Derivatives and Hedging topic of the FASB ASC, the changes in fair value of these instruments are recognized immediately in earnings. Accounting Pronouncements Recently Issued In August 2018, the FASB issued Accounting Standards Update (“ASU”) 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract . The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments also require the entity to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement, including reasonably certain renewal periods. The amendments in ASU 2018-15 are effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company is assessing the impact that this guidance will have on its Consolidated Financial Statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The amendments in this ASU better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. To meet that objective, the amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The amendments in this ASU also make certain targeted improvements to simplify the application of hedge accounting guidance and ease the administrative burden of hedge documentation requirements and assessing hedge effectiveness. The amendments in ASU 2017-12 are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company will follow the amendments in this ASU for its new hedge activity as described in Note 28, “Subsequent Events.” In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments . The amendments included in this ASU require an entity to reflect its current estimate of all expected credit losses for assets held at an amortized cost basis. For available for sale debt securities, credit losses will be measured in a manner similar to current GAAP, however, this ASU will require that credit losses be presented as an allowance rather than as a write-down. The amendments in ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, and are required to be adopted through a modified retrospective approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is effective. Currently, the Company cannot reasonably estimate the impact that adoption of ASU 2016-13 will have on its Consolidated Financial Statements; however, the impact may be significant. That assessment is based upon the fact that, unlike the incurred loss models in existing GAAP, the current expected credit loss (“CECL”) model in ASU 2016-13 does not specify a threshold for the recognition of an impairment allowance. Rather, the Company will recognize an impairment allowance equal to its estimate of lifetime expected credit losses, adjusted for prepayments, for in-scope financial instruments as of the end of the reporting period. Accordingly, the impairment allowance measured under the CECL model could increase significantly from the impairment allowance measured under the Company’s existing incurred loss model. The Company has engaged a third-party vendor to assist in the CECL calculation and has an internal governance framework to oversee the CECL implementation. Other significant CECL implementation matters being addressed by the Company include selecting loss estimation methodologies, identifying, sourcing and storing data, addressing data gaps, defining a reasonable and supportable forecast period, selecting historical loss information which will be reverted to, documenting the CECL estimation process, assessing the impact to internal controls over financial reporting, capital planning and seeking process approval from audit and regulatory stakeholders. In February 2016, the FASB issued ASU 2016-02, Leases . The amendments included in this ASU create a new accounting model for both lessees and lessors. The new guidance requires lessees to recognize lease liabilities, initially measured as the present value of future lease payments, and corresponding right-of-use assets for all leases with lease terms greater than 12 months. This model differs from the current lease accounting model, which does not require such lease liabilities and corresponding right-of-use assets to be recorded for operating leases. The amendments in ASU 2016-02 must be adopted using the modified retrospective approach and will be effective for the first interim or annual period beginning after December 15, 2018. The FASB has subsequently issued ASU 2018-11, which allows for an additional (optional) transition method, and ASU 2018-20, which provides additional guidance on implementations issues for lessors. Early adoption is permitted. During 2017, the Company selected a third-party lease accounting application to assist in the implementation of this new guidance. During 2018, the Company assessed the impact to our internal controls over financial reporting and documented the new lease accounting process. The Company will adopt the new standard effective January 1, 2019 utilizing the transition method allowed under ASU 2018-11 and will not restate comparative periods. We will elect the package of practical expedients permitted under the transition guidance, which allows us to carryforward our historical lease classification and our assessment on whether a contract is or contains a lease. We will also elect to keep leases with an initial term of 12 months or less off the balance sheet. We expect the adoption of the new standard will result in an increase in other assets and an increase in other liabilities of $49.2 million and $48.2 million , respectively, on January 1, 2019. Additionally, the Company will recognize a cumulative effect adjust ment upon adoption to increase the beginning balance of retained earnings b y $1.0 million on Ja nuary 1, 2019 for the remaining deferred gains on sale-leaseback transactions which occurred prior to the date of adoption. We do not expect a material impact to our Consolidated Statement of Income as a result of this ASU. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities . The amendments in ASU 2016-01 require all equity investments to be measured at fair value with changes in the fair value recognized through net income. The amendments in ASU 2016-01 also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition, the amendments in this update eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The Company adopted the amendments of ASU 2016-01 effective January 1, 2018 and recorded a cumulative effect adjustment of $157 thousand to retained earnings related to the unrealized hold |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2018 | |
Business Acquisition [Line Items] | |
Business Combination Disclosure [Text Block] | Business Combinations Pacific Continental Corporation On November 1, 2017 , the Company completed its acquisition of Pacific Continental Corporation (“Pacific Continental”) and its wholly-owned banking subsidiary Pacific Continental Bank. The Company acquired 100% of the equity interests of Pacific Continental. The primary reasons for the acquisition were to expand in the Eugene, Oregon market and improve branch network efficiencies in the Seattle and Portland markets. The assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting. The assets and liabilities, both tangible and intangible, were recorded at their fair values as of the November 1, 2017 acquisition date. The application of the acquisition method of accounting resulted in the recognition of goodwill of $383.1 million and a core deposit intangible of $46.9 million , or 2.34% of core deposits. The goodwill represents the excess of the purchase price over the fair value of the net assets acquired. The goodwill is not deductible for income tax purposes. The table below summarizes the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed: November 1, 2017 (in thousands) Merger consideration $ 637,103 Identifiable net assets acquired, at fair value Assets acquired Cash and cash equivalents $ 81,190 Investment securities 449,291 Federal Home Loan Bank stock 7,084 Loans 1,873,987 Interest receivable 7,827 Premises and equipment 27,343 Other real estate owned 10,279 Core deposit intangible 46,875 Other assets 50,638 Total assets acquired 2,554,514 Liabilities assumed Deposits (2,118,982 ) Federal Home Loan Bank advances (101,127 ) Subordinated debentures (35,678 ) Junior subordinated debentures (14,434 ) Securities sold under agreements to repurchase (1,617 ) Other liabilities (28,653 ) Total liabilities assumed (2,300,491 ) Total fair value of identifiable net assets 254,023 Goodwill $ 383,080 See Note 9, “Goodwill and Other Intangible Assets,” for further discussion of the accounting for goodwill and other intangible assets. The operating results of the Company reported herein include the operating results produced by the acquired assets and assumed liabilities for the period November 1, 2017 to December 31, 2018 . Disclosure of the amount of Pacific Continental’s revenue and net income (excluding integration costs) included in Columbia’s Consolidated Statements of Income is impracticable due to the integration of the operations and accounting for this acquisition. For illustrative purposes only, the following table presents certain unaudited pro forma information for the years ended December 31, 2017 and 2016 . This unaudited, estimated pro forma financial information was calculated as if Pacific Continental had been acquired as of the beginning of the year prior to the date of acquisition. This unaudited pro forma information combines the historical results of Pacific Continental with the Company’s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods. The pro forma information is not indicative of what would have occurred had the acquisition occurred as of the beginning of the year prior to the acquisition. In particular, no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of the beginning of the year prior to the date of acquisition. The unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value. Additionally, Columbia expects to achieve further operating cost savings and other business synergies, including revenue growth as a result of the acquisition, which are not reflected in the pro forma amounts that follow. As a result, actual amounts would have differed from the unaudited pro forma information presented. Unaudited Pro Forma for the Years Ended December 31, 2017 2016 (in thousands, except per share amounts) Total revenues (net interest income plus noninterest income) $ 571,944 $ 520,419 Net income $ 149,859 $ 124,550 Earnings per share - basic $ 2.23 $ 1.86 Earnings per share - diluted $ 2.23 $ 1.86 The following table shows the impact of the acquisition-related expenses related to the acquisition of Pacific Continental for the periods indicated to the various components of noninterest expense: Years ended December 31, 2018 2017 2016 (in thousands) Noninterest Expense Compensation and employee benefits $ 3,620 $ 8,014 $ — Occupancy 1,619 1,912 — Advertising and promotion 537 467 — Data processing 963 1,555 — Legal and professional fees 1,028 4,618 291 Taxes, licenses and fees — 10 — Other 894 620 — Total impact of acquisition-related costs to noninterest expense $ 8,661 $ 17,196 $ 291 |
Cash and Cash Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2018 | |
Cash and Cash Equivalents [Abstract] | |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company is required to maintain an average reserve balance with the FRB or maintain such reserve balance in the form of cash. The average required reserve balance for the years ended December 31, 2018 and 2017 was approximately $110.2 million and $76.5 million , respectively, and was met by holding cash and maintaining an average balance with the FRB. |
Securities
Securities | 12 Months Ended |
Dec. 31, 2018 | |
Debt Securities, Available-for-sale [Abstract] | |
Securities | Securities At December 31, 2018 the Company’s securities portfolio primarily consisted of securities issued by the U.S. government, U.S. government agencies, U.S. government-sponsored enterprises and state and municipalities. All of the Company’s mortgage-backed securities and collateralized mortgage obligations are issued by U.S. government agencies and U.S. government-sponsored enterprises and are implicitly guaranteed by the U.S. government. The Company had no other issuances in its portfolio which exceeded ten percent of shareholders’ equity. The following table summarizes the amortized cost, gross unrealized gains and losses and the resulting fair value of debt securities available for sale: Amortized Gross Gross Fair Value December 31, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 2,222,521 $ 9,236 $ (43,467 ) $ 2,188,290 State and municipal securities 579,755 2,328 (7,760 ) 574,323 U.S. government agency and government-sponsored enterprise securities 408,088 1,235 (4,736 ) 404,587 U.S. government securities 251 — (3 ) 248 Total $ 3,210,615 $ 12,799 $ (55,966 ) $ 3,167,448 December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,752,236 $ 1,815 $ (27,326 ) $ 1,726,725 State and municipal securities 593,940 6,023 (3,959 ) 596,004 U.S. government agency and government-sponsored enterprise securities 416,894 642 (2,762 ) 414,774 U.S. government securities 251 — (3 ) 248 Total $ 2,763,321 $ 8,480 $ (34,050 ) $ 2,737,751 The following table provides the proceeds and both gross realized gains and losses on the sales and calls of debt securities available for sale as well as other securities gains and losses for the periods indicated: Years Ended December 31, 2018 2017 2016 (in thousands) Proceeds from sales and calls of debt securities available for sale $ 32,330 $ 30,403 $ 124,142 Gross realized gains from sales of debt securities available for sale $ 235 $ 111 $ 1,181 Gross realized losses from sales of debt securities available for sale (129 ) (122 ) — Other securities losses, net (1) (195 ) — — Investment securities gains (losses), net $ (89 ) $ (11 ) $ 1,181 __________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities. The following table provides the unrealized gains and losses on equity securities at the reporting date: Year Ended December 31, 2018 (in thousands) Net gains and losses recognized during the period on equity securities $ 195 Less: Net gains and losses recognized during the period on equity securities sold during the period. (195 ) Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date. $ — The scheduled contractual maturities of debt securities available for sale at December 31, 2018 are presented as follows: December 31, 2018 Amortized Cost Fair Value (in thousands) Due within one year $ 130,592 $ 130,241 Due after one year through five years 566,382 559,600 Due after five years through ten years 1,398,135 1,391,517 Due after ten years 1,115,506 1,086,090 Total debt securities available for sale $ 3,210,615 $ 3,167,448 The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law: December 31, 2018 2017 (in thousands) Washington and Oregon State to secure public deposits $ 276,343 $ 245,222 Federal Reserve Bank to secure borrowings 52,303 52,917 Other securities pledged 138,492 121,244 Total securities pledged as collateral $ 467,138 $ 419,383 The following tables show the gross unrealized losses and fair value of the Company’s debt securities available for sale with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2018 and 2017 : Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 154,622 $ (972 ) $ 1,301,387 $ (42,495 ) $ 1,456,009 (43,467 ) State and municipal securities 106,292 (581 ) 280,496 (7,179 ) 386,788 (7,760 ) U.S. government agency and government-sponsored enterprise securities 15,392 (45 ) 291,435 (4,691 ) 306,827 (4,736 ) U.S. government securities — — 247 (3 ) 247 (3 ) Total $ 276,306 $ (1,598 ) $ 1,873,565 $ (54,368 ) $ 2,149,871 $ (55,966 ) December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 816,678 $ (6,710 ) $ 717,211 $ (20,616 ) $ 1,533,889 $ (27,326 ) State and municipal securities 220,019 (1,723 ) 75,172 (2,236 ) 295,191 (3,959 ) U.S. government agency and government-sponsored enterprise securities 184,046 (1,006 ) 155,983 (1,756 ) 340,029 (2,762 ) U.S. government securities 249 (3 ) — — 249 (3 ) Total $ 1,220,992 $ (9,442 ) $ 948,366 $ (24,608 ) $ 2,169,358 $ (34,050 ) At December 31, 2018 , there were 442 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations securities in an unrealized loss position, of which 397 were in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where these investments fall within the yield curve and their individual characteristics. Because the Company does not currently intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2018 . At December 31, 2018 , there were 408 state and municipal government securities in an unrealized loss position, of which 313 were in a continuous loss position for 12 months or more. The unrealized losses on state and municipal securities were caused by interest rate changes or widening of market spreads subsequent to the purchase of the individual securities. Management monitors published credit ratings of these securities for adverse changes. As of December 31, 2018 , none of the rated obligations of state and local government entities held by the Company had a below investment grade credit rating. Because the credit quality of these securities is investment grade and the Company does not currently intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2018 . At December 31, 2018 , there were 41 U.S. government agency and government-sponsored enterprise securities in an unrealized loss position, of which 39 were in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where these investments fall within the yield curve and their individual characteristics. Because the Company does not currently intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2018 . At December 31, 2018 , there was one U.S. government security in an unrealized loss position, which was in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where this investment falls within the yield curve and its individual characteristics. Because the Company does not currently intend to sell this security nor does the Company consider it more likely than not that it will be required to sell this security before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider this investment to be other-than-temporarily impaired at December 31, 2018 . |
Loans
Loans | 12 Months Ended |
Dec. 31, 2018 | |
Loans Receivable, Net [Abstract] | |
Financing Receivables [Text Block] | Loans The Company’s loan portfolio includes originated and purchased loans. Originated loans and purchased loans for which there was no evidence of credit deterioration at their acquisition date and it was probable that we would be able to collect all contractually required payments are referred to collectively as loans, excluding purchased credit impaired loans. Purchased loans for which there was, at acquisition date, evidence of credit deterioration since their origination and it was probable that we would be unable to collect all contractually required payments are referred to as purchased credit impaired loans, or “PCI loans.” The following is an analysis of the loan portfolio by segment (net of unearned income): December 31, 2018 2017 Loans, excluding PCI loans PCI Loans Total Loans, excluding PCI loans PCI Loans Total (in thousands) Commercial business $ 3,438,422 $ 9,240 $ 3,447,662 $ 3,377,324 $ 12,628 $ 3,389,952 Real estate: One-to-four family residential 238,367 8,017 246,384 188,396 12,395 200,791 Commercial and multifamily residential 3,846,027 62,910 3,908,937 3,825,739 75,594 3,901,333 Total real estate 4,084,394 70,927 4,155,321 4,014,135 87,989 4,102,124 Real estate construction: One-to-four family residential 217,790 153 217,943 200,518 177 200,695 Commercial and multifamily residential 284,394 534 284,928 371,931 607 372,538 Total real estate construction 502,184 687 502,871 572,449 784 573,233 Consumer 318,945 8,906 327,851 334,190 11,269 345,459 Less: Net unearned income (42,194 ) — (42,194 ) (52,111 ) — (52,111 ) Total loans, net of unearned income 8,301,751 89,760 8,391,511 8,245,987 112,670 8,358,657 Less: Allowance for loan and lease losses (79,758 ) (3,611 ) (83,369 ) (68,739 ) (6,907 ) (75,646 ) Total loans, net $ 8,221,993 $ 86,149 $ 8,308,142 $ 8,177,248 $ 105,763 $ 8,283,011 Loans held for sale $ 3,849 $ — $ 3,849 $ 5,766 $ — $ 5,766 At December 31, 2018 and 2017 , the Company had no material foreign activities. Substantially all of the Company’s loans and unfunded commitments are geographically concentrated in its service areas within the states of Washington, Oregon and Idaho. The Company has made loans to executive officers and directors of the Company and related interests. These loans are made on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and do not involve more than the normal risk of collectability. The aggregate dollar amount of these loans was $9.6 million and $10.0 million at December 31, 2018 and 2017 , respectively. During 2018 , advances on related party loans totaled $14 thousand and repayments on related party loans totaled $342 thousand . At December 31, 2018 and 2017 , $3.22 billion and $2.25 billion of commercial and residential real estate loans were pledged as collateral on FHLB advances. The Company has also pledged $82.0 million and $70.2 million of commercial loans to the FRB for additional borrowing capacity at December 31, 2018 and 2017 , respectively. Nonaccrual loans totaled $54.8 million and $66.2 million at December 31, 2018 and 2017 , respectively. The amount of interest income foregone as a result of these loans being placed on nonaccrual status totaled $3.6 million for 2018 , $2.4 million for 2017 and $1.9 million for 2016 . There were no loans 90 days past due and still accruing interest as of December 31, 2018 and 2017 . At December 31, 2018 and 2017 , there were $2.1 million and $2.0 million , respectively, of commitments of additional funds for loans accounted for on a nonaccrual basis. The following is an analysis of nonaccrual loans as of December 31, 2018 and 2017 : December 31, 2018 2017 Recorded Unpaid Principal Recorded Unpaid Principal (in thousands) Commercial business: Secured $ 35,504 $ 45,072 $ 45,410 $ 56,865 Unsecured 9 9 50 49 Real estate: One-to-four family residential 1,158 1,178 785 1,182 Commercial and multifamily residential: Commercial land 2,261 2,270 2,628 2,623 Income property 2,721 3,062 4,284 5,410 Owner occupied 9,922 10,300 7,029 7,270 Real estate construction: One-to-four family residential: Land and acquisition 318 318 25 26 Residential construction — — 1,829 1,828 Consumer 2,949 3,149 4,149 4,633 Total $ 54,842 $ 65,358 $ 66,189 $ 79,886 Loans, excluding purchased credit impaired loans The following is an aging of the recorded investment of the loan portfolio as of December 31, 2018 and 2017 : Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2018 (in thousands) Commercial business: Secured $ 3,267,709 $ 5,864 $ 3,624 $ — $ 9,488 $ 35,504 $ 3,312,701 Unsecured 111,868 240 — — 240 9 112,117 Real estate: One-to-four family residential 233,941 694 233 — 927 1,158 236,026 Commercial and multifamily residential: Commercial land 283,416 — — — — 2,261 285,677 Income property 1,910,505 5,009 2,241 — 7,250 2,721 1,920,476 Owner occupied 1,606,085 1,744 — — 1,744 9,922 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — — — — 318 4,417 Residential construction 212,303 93 — — 93 — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — — 194,912 Owner occupied 79,805 7,258 — — 7,258 — 87,063 Consumer 314,008 1,057 201 — 1,258 2,949 318,215 Total $ 8,218,651 $ 21,959 $ 6,299 $ — $ 28,258 $ 54,842 $ 8,301,751 Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2017 (in thousands) Commercial business: Secured $ 3,185,321 $ 2,530 $ 2,400 $ — $ 4,930 $ 45,410 $ 3,235,661 Unsecured 123,524 100 501 — 601 50 124,175 Real estate: One-to-four family residential 184,256 1,111 402 — 1,513 785 186,554 Commercial and multifamily residential: Commercial land 292,680 92 — 581 673 2,628 295,981 Income property 1,898,655 2,426 971 — 3,397 4,284 1,906,336 Owner occupied 1,590,004 2,485 468 — 2,953 7,029 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — — — — 25 9,907 Residential construction 187,862 — — — — 1,829 189,691 Commercial and multifamily residential: Income property 293,028 — — — — — 293,028 Owner occupied 72,443 — — — — — 72,443 Consumer 325,928 1,446 702 — 2,148 4,149 332,225 Total $ 8,163,583 $ 10,190 $ 5,444 $ 581 $ 16,215 $ 66,189 $ 8,245,987 The following is an analysis of the impaired loans (see Note 1, “Summary of Significant Accounting Policies,” ) as of December 31, 2018 and 2017 : Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2018 (in thousands) Commercial business: Secured $ 3,286,416 $ 26,285 $ 6,350 $ 8,460 $ 2,023 $ 19,935 $ 24,404 Unsecured 112,097 20 20 20 — — — Real estate: One-to-four family residential 235,138 888 325 798 8 563 575 Commercial and multifamily residential: Commercial land 283,451 2,226 — — — 2,226 2,272 Income property 1,917,522 2,954 99 165 1 2,855 3,011 Owner occupied 1,605,042 12,709 3,231 4,666 69 9,478 9,750 Real estate construction: One-to-four family residential: Land and acquisition 4,417 — — — — — — Residential construction 212,396 — — — — — — Commercial and multifamily residential: Income property 194,912 — — — — — — Owner occupied 87,063 — — — — — — Consumer 314,193 4,022 3,326 3,584 31 696 704 Total $ 8,252,647 $ 49,104 $ 13,351 $ 17,693 $ 2,132 $ 35,753 $ 40,716 Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2017 (in thousands) Commercial business: Secured $ 3,195,649 $ 40,012 $ 3,808 $ 3,937 $ 1,867 $ 36,204 $ 42,314 Unsecured 124,150 25 25 24 3 — — Real estate: One-to-four family residential 185,659 895 867 1,408 103 28 337 Commercial and multifamily residential: Commercial land 293,694 2,287 — — — 2,287 2,282 Income property 1,901,313 5,023 2,768 3,328 185 2,255 2,601 Owner occupied 1,591,298 8,688 77 80 3 8,611 10,077 Real estate construction: One-to-four family residential Land and acquisition 9,907 — — — — — — Residential construction 188,481 1,210 — — — 1,210 1,210 Commercial and multifamily residential: Income property 293,028 — — — — — — Owner occupied 68,393 4,050 — — — 4,050 4,050 Consumer 325,210 7,015 5,303 5,568 199 1,712 1,864 Total $ 8,176,782 $ 69,205 $ 12,848 $ 14,345 $ 2,360 $ 56,357 $ 64,735 The following table provides additional information on impaired loans for the years ended December 31, 2018 , 2017 and 2016 : Years Ended December 31, 2018 2017 2016 Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized (in thousands) Commercial business Secured $ 39,701 $ 81 $ 20,282 $ 60 $ 9,368 $ 79 Unsecured 191 2 5 — — — Real estate: One-to-four family residential 748 42 730 49 743 10 Commercial & multifamily residential Commercial land 2,371 34 2,079 — 425 — Income property 3,284 130 4,314 51 2,492 26 Owner occupied 9,730 720 5,335 445 5,084 — Real estate construction: One-to-four family residential Land and acquisition — — 3 — 199 — Residential construction 484 — 309 — 472 — Commercial & multifamily residential Owner occupied 3,240 — 1,620 203 — — Consumer 5,712 129 5,973 163 2,710 122 Total $ 65,461 $ 1,138 $ 40,650 $ 971 $ 21,493 $ 237 The following is an analysis of loans classified as troubled debt restructurings (“TDR”) for the years ended December 31, 2018 , 2017 and 2016 : Years Ended December 31, 2018 2017 2016 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 12 $ 18,379 $ 18,379 10 $ 5,655 $ 5,655 9 $ 2,131 $ 2,131 Unsecured — — — 1 26 26 — — — Real estate: One-to-four family residential — — — 3 583 583 3 203 203 Commercial and multifamily residential: Commercial land — — — 1 687 687 — — — Income property 1 891 891 1 1,152 1,152 — — — Owner occupied — — — 1 78 78 1 250 250 Commercial and multifamily residential: Owner occupied — — — 1 4,050 4,050 — — — Consumer 21 2,777 2,777 42 5,891 5,891 41 5,095 5,093 Total 34 $ 22,047 $ 22,047 60 $ 18,122 $ 18,122 54 $ 7,679 $ 7,677 The Company’s loans classified as TDR are loans that have been modified or the borrower has been granted special concessions due to financial difficulties, that if not for the challenges of the borrower, the Company would not otherwise consider. The Company had $2.1 million of commitments to lend additional funds on loans classified as TDR as of December 31, 2018 as compared to $506 thousand of similar commitments at December 31, 2017 . The TDR modifications or concessions are made to increase the likelihood that these borrowers with financial difficulties will be able to satisfy their debt obligations as amended. The concessions granted in the restructurings summarized in the table above largely consisted of maturity extensions, interest rate modifications or a combination of both. In limited circumstances, a reduction in the principal balance of the loan could also be made as a concession. Credit losses for loans classified as TDR are measured on the same basis as impaired loans. For impaired loans, an allowance is established when the collateral value less selling costs (or discounted cash flows or observable market price) of the impaired loan is lower than the recorded investment of that loan. The Company did not have any loans modified as TDR that defaulted within 12 months of being modified as TDR’s during the years ended D ecember 31, 2018 , 2017 , and 2016 . Purchased Credit Impaired Loans (“PCI Loans”) PCI loans are accounted for under ASC 310-30 and initially measured at fair value based on expected future cash flows over the life of the loans. Loans that have common risk characteristics are aggregated into pools. The Company re-measures contractual and expected cash flows, at the pool-level, on a quarterly basis. Contractual cash flows are calculated based upon the loan pool terms after applying a prepayment factor. Calculation of the applied prepayment factor for contractual cash flows is the same as described below for expected cash flows. Inputs to the determination of expected cash flows include cumulative default and prepayment data as well as loss severity and recovery lag information. Cumulative default and prepayment data are calculated via a transition matrix. The transition matrix is a matrix of probability values that specifies the probability of a loan pool transitioning into a particular delinquency state (e.g. 0-30 days past due, 31 to 60 days, etc.) given its delinquency state at the re-measurement date. Loss severity factors are based upon either actual charge-off data within the loan pools or industry averages, and recovery lags are based upon the collateral within the loan pools. The excess of cash flows expected to be collected over the initial fair value of purchased credit impaired loans is referred to as the accretable yield and is accreted into interest income over the estimated life of the acquired loans using the effective yield method. Other adjustments to the accretable yield include changes in the estimated remaining life of the acquired loans, changes in expected cash flows and changes of indices for acquired loans with variable interest rates. The following is an analysis of our PCI loans, net of related allowance for losses and remaining valuation discounts as of December 31, 2018 and 2017 : December 31, 2018 2017 (in thousands) Commercial business $ 9,672 $ 13,753 Real estate: One-to-four family residential 9,848 14,610 Commercial and multifamily residential 66,340 79,211 Total real estate 76,188 93,821 Real estate construction: One-to-four family residential 153 177 Commercial and multifamily residential 507 595 Total real estate construction 660 772 Consumer 9,765 12,412 Subtotal of purchased credit impaired loans 96,285 120,758 Less: Valuation discount resulting from acquisition accounting 6,525 8,088 Allowance for loan losses 3,611 6,907 PCI loans, net of valuation discounts and allowance for loan losses $ 86,149 $ 105,763 The following table shows the changes in accretable yield for acquired loans for the years ended December 31, 2018 , 2017 , and 2016 : Years Ended December 31, 2018 2017 2016 (in thousands) Balance at beginning of period $ 31,176 $ 45,191 $ 58,981 Accretion (8,194 ) (12,357 ) (16,266 ) Disposals (387 ) (158 ) (148 ) Reclassifications from (to) nonaccretable difference (646 ) (1,500 ) 2,624 Balance at end of period $ 21,949 $ 31,176 $ 45,191 The Company did not acquire any loans accounted for under ASC 310-30 during 2018 or 2017 . |
Allowance for Loan and Lease Lo
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit | 12 Months Ended |
Dec. 31, 2018 | |
Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit | |
Allowance for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit | Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit We record an allowance to recognize management’s estimate of credit losses incurred in the loan portfolio at each balance sheet date. We have used the same methodology for the allowance calculation for the years ended December 31, 2018 and 2017 . The following tables show a detailed analysis of the allowance for loans for the years ended December 31, 2018 , 2017 and 2016 : Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Year Ended December 31, 2018 (in thousands) Commercial business: Secured $ 29,341 $ (11,560 ) $ 3,024 $ 22,383 $ 43,188 $ 2,023 $ 41,165 Unsecured 2,000 (159 ) 403 382 2,626 — 2,626 Real estate: One-to-four family residential 701 — 408 (516 ) 593 8 585 Commercial and multifamily residential: Commercial land 4,265 — 99 (417 ) 3,947 — 3,947 Income property 5,672 (780 ) 912 (1,760 ) 4,044 1 4,043 Owner occupied 5,459 — 20 (946 ) 4,533 69 4,464 Real estate construction: One-to-four family residential: Land and acquisition 963 — 726 (1,140 ) 549 — 549 Residential construction 3,709 — 890 937 5,536 — 5,536 Commercial and multifamily residential: Income property 7,053 — — (1,269 ) 5,784 — 5,784 Owner occupied 4,413 — — (1,809 ) 2,604 — 2,604 Consumer 5,163 (1,194 ) 1,180 152 5,301 31 5,270 Purchased credit impaired 6,907 (4,862 ) 3,847 (2,281 ) 3,611 — 3,611 Unallocated — — — 1,053 1,053 — 1,053 Total $ 75,646 $ (18,555 ) $ 11,509 $ 14,769 $ 83,369 $ 2,132 $ 81,237 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Year Ended December 31, 2017 (in thousands) Commercial business: Secured $ 36,050 $ (7,524 ) $ 4,283 $ (3,468 ) $ 29,341 $ 1,867 $ 27,474 Unsecured 960 (89 ) 553 576 2,000 3 1,997 Real estate: One-to-four family residential 599 (460 ) 568 (6 ) 701 103 598 Commercial and multifamily residential: Commercial land 1,797 — 53 2,415 4,265 — 4,265 Income property 7,342 (287 ) 498 (1,881 ) 5,672 185 5,487 Owner occupied 6,439 — 124 (1,104 ) 5,459 3 5,456 Real estate construction: One-to-four family residential: Land and acquisition 316 (14 ) 72 589 963 — 963 Residential construction 669 — 106 2,934 3,709 — 3,709 Commercial and multifamily residential: Income property 404 — 1 6,648 7,053 — 7,053 Owner occupied 1,192 — — 3,221 4,413 — 4,413 Consumer 3,534 (1,474 ) 1,187 1,916 5,163 199 4,964 Purchased credit impaired 10,515 (6,812 ) 6,187 (2,983 ) 6,907 — 6,907 Unallocated 226 — — (226 ) — — — Total $ 70,043 $ (16,660 ) $ 13,632 $ 8,631 $ 75,646 $ 2,360 $ 73,286 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Year Ended December 31, 2016 (in thousands) Commercial business: Secured $ 32,321 $ (9,993 ) $ 2,483 $ 11,239 $ 36,050 $ 664 $ 35,386 Unsecured 1,299 (75 ) 162 (426 ) 960 — 960 Real estate: One-to-four family residential 916 (35 ) 171 (453 ) 599 12 587 Commercial and multifamily residential: Commercial land 1,178 (26 ) 2 643 1,797 — 1,797 Income property 6,616 — 966 (240 ) 7,342 27 7,315 Owner occupied 5,550 (63 ) 434 518 6,439 — 6,439 Real estate construction: One-to-four family residential: Land and acquisition 339 (88 ) 57 8 316 1 315 Residential construction 733 — 234 (298 ) 669 — 669 Commercial and multifamily residential: Income property 388 — 109 (93 ) 404 — 404 Owner occupied 1,006 — — 186 1,192 — 1,192 Consumer 3,531 (1,238 ) 933 308 3,534 57 3,477 Purchased credit impaired 13,726 (9,944 ) 7,004 (271 ) 10,515 — 10,515 Unallocated 569 — — (343 ) 226 — 226 Total $ 68,172 $ (21,462 ) $ 12,555 $ 10,778 $ 70,043 $ 761 $ 69,282 Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows: Years Ended December 31, 2018 2017 2016 (in thousands) Beginning balance $ 3,130 $ 2,705 $ 2,930 Net changes in the allowance for unfunded commitments and letters of credit 1,200 425 (225 ) Ending balance $ 4,330 $ 3,130 $ 2,705 Risk Elements The extension of credit in the form of loans or other credit products to individuals and businesses is one of our principal business activities. Our policies and applicable laws and regulations require risk analysis as well as ongoing portfolio and credit management. We manage our credit risk through lending limit constraints, credit review, approval policies and extensive, ongoing internal monitoring. We also manage credit risk through diversification of the loan portfolio by type of loan, type of industry and type of borrower and by limiting the aggregation of debt to a single borrower. Risk ratings are reviewed and updated whenever appropriate, with more periodic reviews as the risk and dollar value of loss on the loan increases. In the event full collection of principal and interest is not reasonably assured, the loan is appropriately downgraded and, if warranted, placed on nonaccrual status even though the loan may be current as to principal and interest payments. Additionally, we assess whether an impairment of a loan warrants specific reserves or a write-down of the loan. Pass rated loans are generally considered to have sufficient sources of repayment in order to repay the loan in full in accordance with all terms and conditions. Special Mention rated loans have potential weaknesses that, if left uncorrected, may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Loans with a risk rating of Substandard or worse are reviewed to assess the ability of our borrowers to service all interest and principal obligations and, as a result, the risk rating may be adjusted accordingly. Loans risk rated as Substandard reflect loans where a loss is possible if loan weaknesses are not corrected. Doubtful rated loans have a high probability of loss; however, the amount of loss has not yet been determined. Loss rated loans are considered uncollectable and when identified, are charged off. The following is an analysis of the credit quality of our loan portfolio, excluding PCI loans as of December 31, 2018 and 2017 : Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) Loans, excluding PCI loans Commercial business: Secured $ 3,160,910 $ 48,779 $ 103,007 $ 5 $ — $ 3,312,701 Unsecured 112,091 21 — 5 — 112,117 Real estate: One-to-four family residential 234,416 — 1,610 — — 236,026 Commercial and multifamily residential: Commercial land 276,348 5,082 4,247 — — 285,677 Income property 1,876,925 36,998 6,553 — — 1,920,476 Owner occupied 1,556,852 14,964 45,935 — — 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — 318 — — 4,417 Residential construction 212,225 — 171 — — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — 194,912 Owner occupied 87,063 — — — — 87,063 Consumer 313,817 — 4,398 — — 318,215 Total $ 8,029,658 $ 105,844 $ 166,239 $ 10 $ — 8,301,751 Less: Allowance for loan losses 79,758 Loans, excluding PCI loans, net $ 8,221,993 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) Loans, excluding PCI loans Commercial business: Secured $ 3,049,031 $ 64,600 $ 122,030 $ — $ — $ 3,235,661 Unsecured 123,621 — 554 — — 124,175 Real estate: One-to-four family residential 183,312 1,186 2,056 — — 186,554 Commercial and multifamily residential: Commercial land 283,673 5,204 7,104 — — 295,981 Income property 1,857,832 17,181 31,323 — — 1,906,336 Owner occupied 1,546,775 7,380 45,831 — — 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — 25 — — 9,907 Residential construction 187,863 — 1,828 — — 189,691 Commercial and multifamily residential: Income property 293,028 — — — — 293,028 Owner occupied 68,393 — 4,050 — — 72,443 Consumer 323,129 — 9,096 — — 332,225 Total $ 7,926,539 $ 95,551 $ 223,897 $ — $ — 8,245,987 Less: Allowance for loan losses 68,739 Loans, excluding PCI loans, net $ 8,177,248 The following is an analysis of the credit quality of our PCI loan portfolio as of December 31, 2018 and 2017 : Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) PCI loans: Commercial business: Secured $ 8,041 $ — $ 840 $ — $ — $ 8,881 Unsecured 692 — 99 — — 791 Real estate: One-to-four family residential 9,633 — 215 — — 9,848 Commercial and multifamily residential: Commercial land 10,363 — — — — 10,363 Income property 19,680 — — — — 19,680 Owner occupied 35,944 — 353 — — 36,297 Real estate construction: One-to-four family residential: Land and acquisition 151 — 2 — — 153 Residential construction — — — — — — Commercial and multifamily residential: Income property 507 — — — — 507 Owner occupied — — — — — — Consumer 9,326 — 439 — — 9,765 Total $ 94,337 $ — $ 1,948 $ — $ — 96,285 Less: Valuation discount resulting from acquisition accounting 6,525 Allowance for loan losses 3,611 PCI loans, net $ 86,149 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) PCI loans: Commercial business: Secured $ 11,918 $ — $ 723 $ — $ — $ 12,641 Unsecured 1,045 — 67 — — 1,112 Real estate: One-to-four family residential 13,817 — 793 — — 14,610 Commercial and multifamily residential: Commercial land 9,460 349 — — — 9,809 Income property 25,981 — 35 — — 26,016 Owner occupied 42,617 — 769 — — 43,386 Real estate construction: One-to-four family residential: Land and acquisition 169 — 8 — — 177 Residential construction — — — — — — Commercial and multifamily residential: Income property 595 — — — — 595 Owner occupied — — — — — — Consumer 11,705 — 707 — — 12,412 Total $ 117,307 $ 349 $ 3,102 $ — $ — 120,758 Less: Valuation discount resulting from acquisition accounting 8,088 Allowance for loan losses 6,907 PCI loans, net $ 105,763 |
Other Real Estate Owned
Other Real Estate Owned | 12 Months Ended |
Dec. 31, 2018 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |
Other Real Estate Owned | Other Real Estate Owned The following table sets forth activity in OREO for the periods indicated: Years Ended December 31, 2018 2017 (in thousands) Balance, beginning of period $ 13,298 $ 5,998 Established through acquisitions — 10,279 Transfers in 1,200 106 Valuation adjustments (698 ) (364 ) Proceeds from sale of OREO property (7,261 ) (2,590 ) Loss on sale of OREO, net (520 ) (131 ) Balance, end of period $ 6,019 $ 13,298 At December 31, 2018 , the carrying amount of foreclosed residential real estate properties held as a result of obtaining physical possession was $60 thousand and the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $514 thousand . |
Premises and Equipment
Premises and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment | Premises and Equipment Real and personal property and software, less accumulated depreciation and amortization, were as follows: December 31, 2018 2017 (in thousands) Land $ 54,185 $ 54,510 Buildings 108,890 110,216 Leasehold improvements 27,859 24,184 Furniture and equipment 32,292 30,486 Vehicles 511 473 Computer software 19,358 20,384 Total cost 243,095 240,253 Less accumulated depreciation and amortization (74,307 ) (70,763 ) Total $ 168,788 $ 169,490 Total depreciation and amortization expense was $10.4 million , $9.8 million , and $11.8 million , for the years ended December 31, 2018 , 2017 , and 2016 , respectively. |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | Goodwill and Other Intangible Assets In accordance with the Intangibles – Goodwill and Other topic of the FASB ASC, goodwill is not amortized but is reviewed for potential impairment at the reporting unit level. Management analyzes its goodwill for impairment on an annual basis and between annual tests in certain circumstances such as upon material adverse changes in legal, business, regulatory and economic factors. An impairment loss is recorded to the extent that the carrying amount of goodwill exceeds its implied fair value. The Company performed its annual impairment assessment as of July 31, 2018 and concluded that there was no impairment. As of December 31, 2018 , we determined there were no events or circumstances which would more likely than not reduce the fair value of our reporting unit below its carrying amount. The core deposit intangible (“CDI”) is evaluated for impairment if events and circumstances indicate a possible impairment. The CDI is amortized on an accelerated basis over an estimated life of 10 years . The following table sets forth activity for goodwill and other intangible assets for the periods indicated: Years Ended December 31, 2018 2017 2016 (in thousands) Goodwill, beginning of period $ 765,842 $ 382,762 $ 382,762 Established through acquisitions (1) — 383,080 — Total goodwill, end of period 765,842 765,842 382,762 Other intangible assets, net Core deposit intangible: Gross core deposit intangible balance, beginning of period 105,473 58,598 58,598 Accumulated amortization, beginning of period (48,219 ) (41,886 ) (35,940 ) Core deposit intangible, net, beginning of period 57,254 16,712 22,658 Established through acquisition (1) — 46,875 — CDI current period amortization (12,236 ) (6,333 ) (5,946 ) Total core deposit intangible, end of period 45,018 57,254 16,712 Intangible assets not subject to amortization 919 919 919 Other intangible assets, net at end of period 45,937 58,173 17,631 Total goodwill and intangible assets, end of period $ 811,779 $ 824,015 $ 400,393 __________ (1) See Note 2, “Business Combinations,” for additional information regarding the goodwill related to the acquisition of Pacific Continental on November 1, 2017. The following table provides the estimated future amortization expense of core deposit intangibles for the succeeding five years: Years Ending December 31, (in thousands) 2019 $ 10,479 2020 8,724 2021 7,264 2022 5,880 2023 4,552 |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2018 | |
Deposits [Abstract] | |
Deposits | Deposits Year-end deposits are summarized in the following table: December 31, 2018 2017 (in thousands) Core deposits: Demand and other noninterest-bearing $ 5,227,216 $ 5,081,901 Interest-bearing demand 1,244,254 1,265,212 Money market 2,367,964 2,543,712 Savings 890,557 861,941 Certificates of deposit, less than $250,000 243,849 286,791 Total core deposits 9,973,840 10,039,557 Certificates of deposit, $250,000 or more 89,473 100,399 Certificates of deposit insured by CDARS ® (1) 23,580 25,374 Brokered certificates of deposit 57,930 78,481 Reciprocal money market accounts (1) 313,692 289,031 Subtotal 10,458,515 10,532,842 Valuation adjustment resulting from acquisition accounting (389 ) (757 ) Total deposits $ 10,458,126 $ 10,532,085 (1) For periods prior to June 30, 2018, CDARS and reciprocal money market accounts were considered to be brokered deposits by regulatory authorities and were reported as such on quarterly Call Reports. With the passage of the The Economic Growth, Regulatory Relief and Consumer Protection Act in May 2018, these items are no longer considered brokered deposits. Overdrafts of $4.0 million and $1.6 million were reclassified as loan balances at December 31, 2018 and 2017 , respectively. The following table shows the amount and maturity of time deposits: Years Ending December 31, (in thousands) 2019 $ 292,334 2020 71,405 2021 23,604 2022 12,761 2023 10,820 Thereafter 3,908 Total $ 414,832 |
Federal Home Loan Bank and Fede
Federal Home Loan Bank and Federal Reserve Bank Borrowings | 12 Months Ended |
Dec. 31, 2018 | |
Federal Home Loan Bank and Federal Reserve Bank Borrowings [Abstract] | |
Federal Home Loan Bank and Federal Reserve Bank Borrowings [Text Block] | Federal Home Loan Bank and Federal Reserve Bank Borrowings FEDERAL HOME LOAN BANK The Company has entered into borrowing arrangements with the FHLB of Des Moines to borrow funds under a short-term floating rate fed funds overnight advance program and fixed-term loan agreements. All borrowings are secured by stock of the FHLB and a blanket pledge of qualifying loans receivable. The Company had a borrowing capacity with the FHLB of $1.62 billion and $1.43 billion for the years ended December 31, 2018 and 2017 , respectively. See Note 5, “Loans ,” for the carrying value of pledged loans. At December 31, 2018 , FHLB advances were scheduled to mature as follows: Federal Home Loan Bank Advances Weighted Average Rate Amount (dollars in thousands) Within 1 year 2.64 % $ 392,000 Over 1 through 5 years 3.85 % 2,000 Due after 10 years 5.37 % 5,000 Total 399,000 Valuation adjustment from acquisition accounting 523 Total $ 399,523 The maximum, average outstanding and year-end balances and average interest rates on advances from the FHLB were as follows for the years ended December 31, 2018 , 2017 and 2016 : Years ended December 31, 2018 2017 2016 (dollars in thousands) Balance at end of period $ 399,523 $ 11,579 $ 6,493 Average balance during period $ 166,563 $ 79,788 $ 79,673 Maximum month-end balance during period $ 399,523 $ 317,480 $ 250,515 Weighted average rate during period 2.29 % 1.33 % 0.80 % Weighted average rate at December 31 2.68 % 4.08 % 5.42 % FEDERAL RESERVE BANK The Company is also eligible to borrow under the FRB’s primary credit program, including the Term Auction Facility auctions. All borrowings are secured by certain pledged available for sale investment securities. While the Company had no borrowings as of December 31, 2018 , or at the end of each month in 2018 , there were overnight borrowings resulting in average borrowings of $14 thousand for the year. The Company had no borrowings in 2017 or 2016 . The Company pledges securities and loans for borrowing capacity at the FRB and had a borrowing capacity with the FRB of $107.1 million and $100.1 million for the years ended December 31, 2018 and 2017 , respectively. See Note 4, “Securities,” for the carrying value of pledged investment securities and Note 5, “Loans,” for the carrying value of pledged loans. |
Securities Sold Under Agreement
Securities Sold Under Agreements to Repurchase | 12 Months Ended |
Dec. 31, 2018 | |
Securities Sold under Agreements to Repurchase [Abstract] | |
Securities sold under agreements to repurchase | Securities Sold Under Agreements to Repurchase Securities Sold Under Agreements to Repurchase - Term The Company had previously entered into wholesale repurchase agreements with certain brokers. At December 31, 2017 , the Company held $25.0 million in wholesale repurchase agreements with an interest rate of 1.88% . These agreements were settled on the repurchase date of March 19, 2018. Securities Sold Under Agreements to Repurchase - Sweep These sweep repurchase agreements are generally short-term agreements. These agreements are treated as financing transactions and the obligations to repurchase securities sold are reflected as a liability in the Consolidated Financial Statements. The dollar amount of securities underlying the agreements remains in the applicable asset account of the Consolidated Financial Statements. These agreements had a balance of $61.1 million and a weighted average interest rate of 1.99% at December 31, 2018 . All of these repurchase agreements in existence at December 31, 2018 mature on a daily basis. Securities available for sale with a carrying amount of $75.6 million at December 31, 2018 were pledged as collateral for the sweep repurchase agreement borrowings. |
Subordinated debentures
Subordinated debentures | 12 Months Ended |
Dec. 31, 2018 | |
Subordinated Borrowing [Line Items] | |
Subordinated Borrowings Disclosure [Text Block] | Subordinated Debentures On November 1, 2017, with its acquisition of Pacific Continental, the Company assumed $35.0 million in aggregate principal amount of fixed-to-floating rate subordinated debentures (the “Notes”). The Notes are callable at par on June 30, 2021, have a stated maturity of June 30, 2026 and bear interest at a fixed annual rate of 5.875% per year, from and including June 27, 2016, but excluding June 30, 2021. From and including June 30, 2021 through the maturity date or early redemption date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR (“London Interbank Offering Rate”) plus 471.5 basis points. |
Junior subordinated debt
Junior subordinated debt | 12 Months Ended |
Dec. 31, 2018 | |
Junior subordinated debentures [Abstract] | |
Junior subordinated debentures [Text Block] | Junior Subordinated Debentures On November 1, 2017, with its acquisition of Pacific Continental, the Company assumed $14.4 million of trust preferred obligations. The Company redeemed $6.2 million of these obligations during 2017 and the remaining $8.2 million of obligations were redeemed in January of 2018. |
Derivatives and Balance Sheet O
Derivatives and Balance Sheet Offsetting | 12 Months Ended |
Dec. 31, 2018 | |
General Discussion of Derivative Instruments and Hedging Activities [Abstract] | |
Derivatives and Balance Sheet Offsetting | Derivatives and Balance Sheet Offsetting The Company periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rates. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to a swap agreement. This swap agreement effectively converts the customer’s variable rate loan into a fixed rate loan. The Company then enters into a corresponding swap agreement with a third party in order to offset its exposure on the variable and fixed components of the customer agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under the Derivatives and Hedging topic of the FASB ASC, the instruments are marked to market in earnings. The notional amount of open interest rate swap agreements at December 31, 2018 and 2017 was $366.7 million and $384.7 million , respectively. Mark-to-market gains of $8 thousand for 2018 and $16 thousand for both 2017 and for 2016 were recorded to “Other” noninterest expense. The following table presents the fair value and balance sheet classification of derivatives not designated as hedging instruments at December 31, 2018 and 2017 : Asset Derivatives Liability Derivatives 2018 2017 2018 2017 Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value (in thousands) Interest rate contracts Other assets $ 7,033 Other assets $ 6,707 Other liabilities $ 7,033 Other liabilities $ 6,714 The Company is party to interest rate swap agreements and repurchase agreements that are subject to enforceable master netting arrangements or similar agreements. Under these agreements, the Company may have the right to net settle multiple contracts with the same counterparty. The following tables show the gross interest rate swap agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments, which are generally marketable securities. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown. Gross Amounts of Recognized Assets/Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Collateral Posted Net Amount December 31, 2018 (in thousands) Assets Interest rate contracts $ 7,033 $ — $ 7,033 $ — $ 7,033 Liabilities Interest rate contracts $ 7,033 $ — $ 7,033 $ (3,235 ) $ 3,798 Repurchase agreements $ 61,094 $ — $ 61,094 $ (61,094 ) $ — December 31, 2017 Assets Interest rate contracts $ 6,707 $ — $ 6,707 $ — $ 6,707 Liabilities Interest rate contracts $ 6,714 $ — $ 6,714 $ (6,714 ) $ — Repurchase agreements $ 79,059 $ — $ 79,059 $ (79,059 ) $ — The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements: Remaining contractual maturity of the agreements Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total December 31, 2018 (in thousands) Class of collateral pledged for repurchase agreements U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 61,094 $ — $ — $ — $ 61,094 Gross amount of recognized liabilities for repurchase agreements 61,094 Amounts related to agreements not included in offsetting disclosure $ — The collateral utilized for the Company’s repurchase agreements is subject to market fluctuations as well as prepayments of principal. The Company monitors the risk of the fair value of its pledged collateral falling below acceptable amounts based on the type of the underlying repurchase agreement. The pledged collateral related to the Company’s $61.1 million sweep repurchase agreements, which mature on an overnight basis, is monitored on a daily basis as the underlying sweep accounts can have frequent transaction activity and the amount of pledged collateral is adjusted as necessary. |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2018 | |
Retirement Benefits [Abstract] | |
Employee Benefit Plans | Employee Benefit Plans 401(k) Plan The Company maintains defined contribution and profit sharing plans in conformity with the provisions of section 401(k) of the Internal Revenue Code. The Columbia Bank 401(k) and Profit Sharing Plan (the “401(k) Plan”), permits Columbia Bank employees who are at least 18 years of age to contribute up to 75% of their eligible compensation to the 401(k) Plan starting on the first day of the month following their hire date. On a per pay period basis the Company is required to match 50% of employee contributions up to 3% of each employee’s eligible compensation. The Company contributed $3.3 million during 2018 , $2.7 million during 2017 , and $2.4 million during 2016 , in matching funds to the 401(k) Plan. Additionally, as determined annually by the board of directors of the Company, the 401(k) Plan provides for a non-matching discretionary profit sharing contribution. The Company’s discretionary profit sharing contributions were $7.0 million during 2018 , $5.7 million during 2017 and $5.1 million during 2016 . Employee Stock Purchase Plan The Company maintains an “Employee Stock Purchase Plan” (the “ESP Plan”) in which substantially all employees of the Company are eligible to participate. The ESP Plan provides participants the opportunity to purchase common stock of the Company at a discounted price. Under the ESP Plan, participants can purchase common stock of the Company for 90% of the lowest price on either the first or last day in each of two six month look-back periods. The look-back periods are January 1st through June 30th and July 1st through December 31st of each calendar year. The 10% discount is recognized by the Company as compensation expense and does not have a material impact on net income or earnings per common share. Participants of the ESP Plan purchased 50,750 shares for $2.0 million in 2018 , 38,387 shares for $1.5 million in 2017 and 50,116 shares for $1.8 million in 2016 . At December 31, 2018 there were 360,357 shares available for purchase under the ESP Plan. Supplemental Compensation Plan The Company maintains supplemental compensation arrangements (“Unit Plans”) to provide benefits for certain employees. The Unit Plans generally vest over a 10 year period and provide a fixed annual benefit over the subsequent 10 year period. At December 31, 2018 and 2017 , the liability associated with these plans was $4.2 million and $4.6 million , respectively. Expense associated with these plans for the years ended December 31, 2018 , 2017 and 2016 was $337 thousand , $452 thousand and $467 thousand , respectively. Supplemental Executive Retirement Plan The Company maintains a supplemental executive retirement plan (the “SERP”), a nonqualified deferred compensation plan that provides retirement benefits to certain highly compensated executives. The SERP is unsecured and unfunded and there are no program assets. The SERP projected benefit obligation, which represents the vested net present value of future payments to individuals under the plan is accrued over the estimated remaining term of employment of the participants and has been determined by actuarial valuation using a discount rate of 4.30% for 2018 and 3.80% for 2017 . Additional assumptions and features of the plan are a normal retirement age of 65 and a 2% annual cost of living benefit adjustment. The projected benefit obligation is included in “Other liabilities” on the Consolidated Balance Sheets. The following table reconciles the accumulated liability for the projected benefit obligation: December 31, 2018 2017 (in thousands) Balance, beginning of year $ 20,553 $ 26,263 Change in actuarial gain (31 ) (6,453 ) Plan amendments — 148 Benefit expense 1,701 1,600 Benefit payments (936 ) (1,005 ) Balance, end of year $ 21,287 $ 20,553 The benefits expected to be paid in conjunction with the SERP are presented in the following table: Years Ending December 31, (in thousands) 2019 $ 963 2020 1,971 2021 2,095 2022 1,135 2023 1,236 2024 through 2028 8,236 Total $ 15,636 |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities | Commitments and Contingent Liabilities Lease Commitments: The Company’s lease commitments consist primarily of leased locations under various non-cancellable operating leases that expire between 2019 and 2043 . The majority of the leases contain renewal options and provisions for increases in rental rates based on an agreed upon index or predetermined escalation schedule. As of December 31, 2018 , minimum future rental payments, exclusive of taxes and other charges, of these leases were: Years Ending December 31, (in thousands) 2019 $ 10,947 2020 9,766 2021 8,729 2022 8,102 2023 6,796 Thereafter 18,703 Total minimum payments $ 63,043 Total rental expense on buildings and equipment, net of rental income of $1.2 million , $791 thousand and $992 thousand , was $9.6 million , $7.9 million and $8.7 million , for the years ended December 31, 2018 , 2017 and 2016 , respectively. Sale-leaseback transactions: On August 11, 2017 , the Company sold one of its Idaho facilities and leased back the portion of the facility utilized for branch operations. The lease term is through August 2027, with monthly payments of approximately $26 thousand . The resulting gain on sale of $509 thousand was deferred in accordance with the Leases topic of the FASB ASC and is being amortized over the life of the respective lease. At December 31, 2018 , the deferred gain was $444 thousand and is included in “Other liabilities” on the Consolidated Balance Sheets. On August 24, 2016 , the Company sold one of its Washington facilities and leased back the portion of the facility utilized for branch operations. The lease term is through August 2026, with monthly payments of approximately $12 thousand . The resulting gain on sale of $742 thousand was deferred in accordance with the Leases topic of the FASB ASC and is being amortized over the life of the respective lease. At December 31, 2018 , the deferred gain was $575 thousand and is included in “Other liabilities” on the Consolidated Balance Sheets. Financial Instruments with Off-Balance Sheet Risk: In the normal course of business, the Company makes loan commitments (typically unfunded loans and unused lines of credit) and issues standby letters of credit to accommodate the financial needs of its customers. Standby letters of credit commit the Company to make payments on behalf of customers under specified conditions. Historically, no significant losses have been incurred by the Company under standby letters of credit. Both arrangements have credit risk essentially the same as that involved in extending loans to customers and are subject to the Company’s normal credit policies, including collateral requirements, where appropriate. At both December 31, 2018 and 2017 , the Company’s loan commitments were $2.62 billion . Standby letters of credit were $28.3 million and $51.3 million at December 31, 2018 and 2017 , respectively. In addition, there were no commitments under commercial letters of credit used to facilitate customers’ trade transactions and other off-balance sheet liabilities at December 31, 2018 and $159 thousand at December 31 2017 . Legal Proceedings: The Company and its subsidiaries are from time to time defendants in and are threatened with various legal proceedings arising from their regular business activities. Management, after consulting with legal counsel, is of the opinion that the ultimate liability, if any, resulting from these pending or threatened actions and proceedings will not have a material effect on the financial statements of the Company. |
Shareholders' Equity
Shareholders' Equity | 12 Months Ended |
Dec. 31, 2018 | |
Stockholders' Equity Note [Abstract] | |
Shareholders' Equity | Shareholders’ Equity Dividends. The following summarizes the dividend activity for the year ended December 31, 2018 : Declared Regular Cash Dividends Per Common Share Special Cash Dividends Per Common Share Record Date Paid Date January 25, 2018 $ 0.22 $ — February 7, 2018 February 21, 2018 April 25, 2018 $ 0.26 $ — May 9, 2018 May 23, 2018 July 25, 2018 $ 0.26 $ — August 8, 2018 August 22, 2018 October 25, 2018 $ 0.26 $ 0.14 November 7, 2018 November 21, 2018 Subsequent to year end, on January 24, 2019 , the Company declared a regular quarterly cash dividend of $0.28 per share and a special cash dividend of $0.14 per share payable on February 20, 2019 , to shareholders of record at the close of business on February 6, 2019 . The payment of cash dividends is subject to federal regulatory requirements for capital levels and other restrictions. In addition, the cash dividends paid by Columbia Bank to the Company are subject to both federal and state regulatory requirements. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 12 Months Ended |
Dec. 31, 2018 | |
Accumulated Other Comprehensive Income [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | Accumulated Other Comprehensive Loss The following table shows changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2018 , 2017 and 2016 : Unrealized Gains and Losses on Available for Sale Securities (1) Unrealized Gains and Losses on Pension Plan Liability (1) Total (1) Year Ended December 31, 2018 (in thousands) Beginning balance $ (19,779 ) $ (2,446 ) $ (22,225 ) Adjustment pursuant to adoption of ASU 2016-01 157 — 157 Other comprehensive income (loss) before reclassifications (13,425 ) 24 (13,401 ) Amounts reclassified from accumulated other comprehensive loss (2) (81 ) 245 164 Net current-period other comprehensive income (loss) (13,506 ) 269 (13,237 ) Ending balance $ (33,128 ) $ (2,177 ) $ (35,305 ) Year Ended December 31, 2017 Beginning balance $ (12,704 ) $ (6,295 ) $ (18,999 ) Other comprehensive income (loss) before reclassifications (3,391 ) 4,017 626 Amounts reclassified from accumulated other comprehensive loss (2) 7 223 230 Net current-period other comprehensive income (loss) (3,384 ) 4,240 856 Adjustment pursuant to adoption of ASU 2018-02 (3,691 ) (391 ) (4,082 ) Ending balance $ (19,779 ) $ (2,446 ) $ (22,225 ) Year Ended December 31, 2016 Beginning balance $ 386 $ (6,681 ) $ (6,295 ) Other comprehensive loss before reclassifications (12,338 ) (39 ) (12,377 ) Amounts reclassified from accumulated other comprehensive loss (2) (752 ) 425 (327 ) Net current-period other comprehensive income (loss) (13,090 ) 386 (12,704 ) Ending balance $ (12,704 ) $ (6,295 ) $ (18,999 ) __________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. (2) See following table for details about these reclassifications. In December 2017, the Company made an election to reclassify income tax effects related to the Tax Cuts and Jobs Act of $4.1 million from accumulated other comprehensive income to retained earnings. The Company uses the portfolio approach to account for the tax consequences of amounts reported in OCI. The following table shows details regarding the reclassifications from accumulated other comprehensive income for the years ended December 31, 2018 , 2017 and 2016 : Amount Reclassified from Accumulated Other Comprehensive Income Affected line Item in the Consolidated Statement of Income Years Ended December 31, 2018 2017 2016 (in thousands) Unrealized gains and losses on available for sale debt securities $ 106 $ (11 ) $ 1,181 Investment securities gains (losses), net 106 (11 ) 1,181 Total before tax (25 ) 4 (429 ) Income tax benefit (provision) $ 81 $ (7 ) $ 752 Net of tax Amortization of pension plan liability $ (319 ) $ (350 ) $ (668 ) Compensation and employee benefits (319 ) (350 ) (668 ) Total before tax 74 127 243 Income tax benefit $ (245 ) $ (223 ) $ (425 ) Net of tax |
Fair Value Accounting and Measu
Fair Value Accounting and Measurement | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Accounting and Measurement | Fair Value Accounting and Measurement The Fair Value Measurements and Disclosures topic of the FASB ASC defines fair value, establishes a consistent framework for measuring fair value and expands disclosure requirements about fair value. We hold fixed and variable rate interest-bearing securities, investments in marketable equity securities and certain other financial instruments, which are carried at fair value. Fair value is determined based upon quoted prices when available or through the use of alternative approaches, such as matrix or model pricing, when market quotes are not readily accessible or available. The valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our own market assumptions. These two types of inputs create the following fair value hierarchy: Level 1 – Quoted prices for identical instruments in active markets that are accessible at the measurement date. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. Fair values are determined as follows: Securities at fair value are priced using a combination of market activity, industry recognized information sources, yield curves, discounted cash flow models and other factors. These fair value calculations are considered a Level 2 input method under the provisions of the Fair Value Measurements and Disclosures topic of the FASB ASC for all securities other than U.S. Treasury Notes and other securities, which are considered a Level 1 input method. Interest rate contract positions are valued in models, which use as their basis, readily observable market parameters and are classified within Level 2 of the valuation hierarchy. The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2018 and 2017 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: Fair value at Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 (in thousands) Assets Debt securities available for sale U.S. government agency and sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 2,188,290 $ — $ 2,188,290 $ — State and municipal securities 574,323 — 574,323 — U.S. government agency and government-sponsored enterprise securities 404,587 — 404,587 — U.S. government securities 248 248 — — Total debt securities available for sale $ 3,167,448 $ 248 $ 3,167,200 $ — Other assets (Interest rate contracts) $ 7,033 $ — $ 7,033 $ — Liabilities Other liabilities (Interest rate contracts) $ 7,033 $ — $ 7,033 $ — Fair value at Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 (in thousands) Assets Debt securities available for sale U.S. government agency and sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 1,726,725 $ — $ 1,726,725 $ — State and municipal debt securities 596,004 — 596,004 — U.S. government agency and government-sponsored enterprise securities 414,774 — 414,774 — U.S. government securities 248 248 — — Total debt securities available for sale $ 2,737,751 $ 248 $ 2,737,503 $ — Equity securities $ 5,080 $ 5,080 $ — $ — Other assets (Interest rate contracts) $ 6,707 $ — $ 6,707 $ — Liabilities Other liabilities (Interest rate contracts) $ 6,714 $ — $ 6,714 $ — There were no transfers between Level 1 and Level 2 of the valuation hierarchy during the year ended December 31, 2018 . During the year ended December 31, 2017 , there was a transfer of $5.1 million out of Level 2 of the valuation hierarchy and a corresponding transfer into Level 1 of the valuation hierarchy related to the Company’s equity securities. The Company recognizes transfers between levels of the valuation hierarchy based on the valuation level at the end of the reporting period. Nonrecurring Measurements Certain assets and liabilities are measured at fair value on a nonrecurring basis after initial recognition such as loans measured for impairment and OREO. The following methods were used to estimate the fair value of each such class of financial instrument: Impaired loans —A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, a loan’s observable market price, or the fair market value of the collateral less estimated costs to sell if the loan is a collateral-dependent loan. The impairment evaluations are performed in conjunction with the ALLL process on a quarterly basis by officers in the Special Credits group, which reports to the Chief Credit Officer. The Real Estate Appraisal Services Department (“REASD”), which also reports to the Chief Credit Officer, is responsible for obtaining appraisals from third-parties or performing internal evaluations. If an appraisal is obtained from a third-party, the REASD reviews the appraisal to evaluate the adequacy of the appraisal report, including its scope, methods, accuracy, and reasonableness. Other real estate owned —OREO is real property that the Bank has taken ownership of in partial or full satisfaction of a loan or loans. OREO is generally measured based on the property’s fair market value as indicated by an appraisal or a letter of intent to purchase. OREO is initially recorded at the fair value less estimated costs to sell. This amount becomes the property’s new basis. Any fair value adjustments based on the property’s fair value less estimated costs to sell at the date of acquisition are charged to the ALLL, or in the event of a write-up without previous losses charged to the ALLL, a credit to earnings is recorded. Management periodically reviews OREO in an effort to ensure the property is recorded at its fair value, net of estimated costs to sell. Any fair value adjustments subsequent to acquisition are charged or credited to earnings. The initial and subsequent evaluations are performed by officers in the Special Credits group, which reports to the Chief Credit Officer. The REASD obtains appraisals from third-parties for OREO and performs internal evaluations. If an appraisal is obtained from a third-party, the REASD reviews the appraisal to evaluate the adequacy of the appraisal report, including its scope, methods, accuracy, and reasonableness. The following table sets forth the Company’s assets that were measured using fair value estimates on a nonrecurring basis during the years ended December 31, 2018 and 2017 : Fair value at Fair Value Measurements at Reporting Date Using Losses During the Year Ended Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 11,555 $ — $ — $ 11,555 $ 1,821 $ 11,555 $ — $ — $ 11,555 $ 1,821 Fair value at Fair Value Measurements at Reporting Date Using Losses During the Year Ended Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 6,577 $ — $ — $ 6,577 $ 2,507 OREO 1,423 — — 1,423 239 $ 8,000 $ — $ — $ 8,000 $ 2,746 The losses on impaired loans disclosed above represent the amount of the specific reserve and/or charge-offs during the period applicable to loans held at period end. The amount of the specific reserve is included in the “Allowance for loan and lease losses.” The losses on OREO disclosed above represent the write-downs taken at foreclosure that were charged to the allowance for loan and lease losses, as well as subsequent changes in any valuation allowances from updated appraisals that were recorded to earnings. Quantitative information about Level 3 fair value measurements The range and weighted average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets during 2018 and 2017 , along with the valuation techniques used, are shown in the following tables: Fair value at Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (2) $ 8,394 Fair Market Value of Collateral Adjustment to Stated Value 0.00% - 70.04% (7.02%) Impaired loans - other (3) $ 3,161 Discounted Cash Flow Discount Rate 0.34 % __________ (1) Discount rate applied to discounted cash flow valuation or appraisal value and stated value (in the case of fixed assets and inventory). (2) Collateral consists of accounts receivable, inventory, fixed assets, real estate and cash. (3) As there was only one impaired loan remeasured using discounted cash flows, a range of discounts could not be provided. Fair value at Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (3) $ 3,519 Fair Market Value of Collateral Adjustment to Stated Value N/A (2) Impaired loans - other $ 3,058 Discounted Cash Flow Discount Rate 3.75% - 7.75% (4.12%) OREO $ 1,423 Fair Market Value of Collateral Adjustment to Appraisal Value N/A (2) __________ (1) Discount rate used in discounted cash flow valuation. (2) Quantitative disclosures are not provided for collateral-dependent impaired loans and OREO because there were no adjustments made to the appraisal values or stated values during the current period. (3) Collateral consists of real property and a government agency guarantee. The following tables summarize carrying amounts and estimated fair values of selected financial instruments for the periods indicated: December 31, 2018 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 260,180 $ 260,180 $ 260,180 $ — $ — Interest-earning deposits with banks 17,407 17,407 17,407 — — Debt securities available for sale 3,167,448 3,167,448 248 3,167,200 — Federal Home Loan Bank stock 25,960 25,960 — 25,960 — Loans held for sale 3,849 3,849 — 3,849 — Loans 8,308,142 8,316,946 — — 8,316,946 Interest rate contracts 7,033 7,033 — 7,033 — Liabilities Time deposits $ 414,443 $ 407,659 $ — $ 407,659 $ — Federal Home Loan Bank advances 399,523 400,085 — 400,085 — Repurchase agreements 61,094 61,094 — 61,094 — Subordinated debentures 35,462 34,897 — 34,897 — Interest rate contracts 7,033 7,033 — 7,033 — December 31, 2017 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 244,615 $ 244,615 $ 244,615 $ — $ — Interest-earning deposits with banks 97,918 97,918 97,918 — — Debt securities available for sale 2,737,751 2,737,751 248 2,737,503 — Equity securities 5,080 5,080 5,080 — — Federal Home Loan Bank stock 10,440 10,440 — 10,440 — Loans held for sale 5,766 5,766 — 5,766 — Loans 8,283,011 8,055,817 — — 8,055,817 Interest rate contracts 6,707 6,707 — 6,707 — Liabilities Time deposits $ 490,288 $ 483,095 $ — $ 483,095 $ — Federal Home Loan Bank advances 11,579 12,281 — 12,281 — Repurchase agreements 79,059 79,070 — 79,070 — Subordinated debentures 35,647 35,895 — 35,895 — Junior subordinated debentures 8,248 8,248 — 8,248 — Interest rate contracts 6,714 6,714 — 6,714 — |
Earnings Per Common Share
Earnings Per Common Share | 12 Months Ended |
Dec. 31, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | Earnings per Common Share The Company applies the two-class method of computing basic and diluted EPS. Under the two-class method, EPS is determined for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company issues restricted shares under share-based compensation plans and preferred shares which qualify as participating securities. The following table sets forth the computation of basic and diluted earnings per share for the periods indicated: Years Ended December 31, 2018 2017 2016 (in thousands except per share amounts) Basic EPS: Net income $ 172,882 $ 112,828 $ 104,866 Less: Earnings allocated to participating securities Preferred shares — 3 185 Nonvested restricted shares 1,892 1,501 1,371 Earnings allocated to common shareholders $ 170,990 $ 111,324 $ 103,310 Weighted average common shares outstanding 72,385 59,882 57,184 Basic earnings per common share $ 2.36 $ 1.86 $ 1.81 Diluted EPS: Earnings allocated to common shareholders $ 170,990 $ 111,324 $ 103,310 Weighted average common shares outstanding 72,385 59,882 57,184 Dilutive effect of equity awards and warrants 5 6 9 Weighted average diluted common shares outstanding 72,390 59,888 57,193 Diluted earnings per common share $ 2.36 $ 1.86 $ 1.81 Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive 4 13 19 |
Share-Based Payments
Share-Based Payments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share-Based Payments | Share-Based Payments At December 31, 2018 , the Company had one equity compensation plan (the “Plan”), which is shareholder approved, that provides for the granting of share options and shares to eligible employees and directors up to 3,050,000 shares. Share Awards: Restricted share awards provide for the immediate issuance of shares of Company common stock to the recipient, with such shares held in escrow until certain service conditions are met, generally four years of continual service. Recipients of restricted shares do not pay any cash consideration to the Company for the shares and the holders of the restricted shares have voting rights. For share awards issued under our new equity incentive plan approved in 2018, the holder accrues dividends, which are paid out when the shares vest. For any awards granted prior to the new plan, the holder receives dividends whether or not the shares have vested. The fair value of share awards is equal to the fair market value of the Company’s common stock on the date of grant. A summary of changes in the Company’s nonvested shares and related information for the years ended December 31, 2018 , 2017 and 2016 is presented below: Shares Weighted Nonvested at January 1, 2016 665,702 $ 25.80 Granted 335,593 $ 28.40 Vested (153,235 ) $ 23.80 Forfeited (29,305 ) $ 27.13 Nonvested at December 31, 2016 818,755 $ 27.19 Granted 337,384 $ 38.51 Vested (253,509 ) $ 25.67 Forfeited (96,924 ) $ 28.97 Nonvested at December 31, 2017 805,706 $ 32.23 Granted 306,592 $ 41.47 Vested (237,146 ) $ 28.78 Forfeited (61,012 ) $ 35.92 Nonvested at December 31, 2018 814,140 $ 36.43 As of December 31, 2018 , there was $20.5 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. That cost is expected to be recognized over a weighted average period of 2.3 years. The total fair value, as measured on the date of vesting, of shares vested during the years ended December 31, 2018 , 2017 , and 2016 was $6.7 million , $6.5 million , and $3.6 million , respectively. Share Options: Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant; those option awards generally vest based on three years of continual service and are exercisable for a five -year period after vesting. Option awards granted have a 10 -year maximum term. The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model. The fair value of all options is amortized on a straight-line basis over the requisite service periods, which are generally the vesting periods. The expected life of options granted represents the period of time that they are expected to be outstanding. The expected life is determined based on historical experience with similar awards, giving consideration to the contractual terms and vesting schedules. Expected volatilities of our common stock are estimated at the date of grant based on the historical volatility of the stock. The volatility factor is based on historical stock prices over the most recent period commensurate with the estimated expected life of the award. The risk-free interest rate is based on the U.S. Treasury curve in effect at the time of the award. The expected dividend yield is based on dividend trends and the market value of the Company’s stock price at the time of the award. A summary of option activity under the Plan as of December 31, 2018 , and changes during the year then ended is presented below: Shares Weighted Weighted Aggregate Balance at December 31, 2017 18,326 $ 38.88 Expired (11,700 ) $ 54.63 Exercised (1,112 ) $ 16.84 Balance at December 31, 2018 5,514 $ 9.91 0.3 $ 145 Vested or expected to vest at December 31, 2018 5,514 $ 9.91 0.3 $ 145 Total Exercisable at December 31, 2018 5,514 $ 9.91 0.3 $ 145 The total intrinsic value of options exercised during the years ended December 31, 2018 , 2017 , and 2016 was $29 thousand , $67 thousand , and $232 thousand , respectively. There were no options granted during the years ended December 31, 2018 , 2017 , and 2016 . There were no options that vested during the years ended December 2018 , 2017 , and 2016 . As of December 31, 2018 , outstanding stock options consist of the following: Ranges of Number of Weighted Average Weighted Average Number of Weighted Average $0.00 - $9.99 5,514 0.3 $ 9.91 5,514 $ 9.91 It is the Company’s policy to issue new shares for share option exercises and share awards. The Company expenses awards of share options and shares on a straight-line basis over the related vesting term of the award. For the years ended December 31, 2018 , 2017 and 2016 , the Company recognized pre-tax share-based compensation expense of $8.4 million , $7.7 million and $5.0 million , respectively. |
Income Tax
Income Tax | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Tax | Income Tax The components of income tax expense are as follows: Years Ended December 31, 2018 2017 2016 (in thousands) Current expense Federal $ 33,400 $ 39,708 $ 41,365 State 5,446 3,016 1,704 Total current tax expense $ 38,846 $ 42,724 $ 43,069 Deferred tax expense (benefit) Federal $ (291 ) $ 21,524 $ 550 State 399 907 1,296 Total deferred tax expense 108 22,431 1,846 Total $ 38,954 $ 65,155 $ 44,915 Significant components of the Company’s deferred tax assets and liabilities are as follows: December 31, 2018 2017 (in thousands) Deferred tax assets: Allowance for loan and lease losses $ 20,578 $ 18,315 Deferred compensation 9,501 9,539 Stock options and restricted stock 1,850 1,438 OREO 288 521 Nonaccrual interest 446 163 Unrealized loss on investment securities 10,129 5,992 Net operating losses and credit carryforwards 5,356 7,259 Other 733 985 Total deferred tax assets 48,881 44,212 Deferred tax liabilities: Asset purchase tax basis difference (7,229 ) (5,709 ) Federal Home Loan Bank stock dividends (790 ) (782 ) Deferred loan fees (4,399 ) (4,505 ) Purchase accounting (9,245 ) (9,088 ) Depreciation (2,609 ) (1,581 ) Other (195 ) (2,036 ) Total deferred tax liabilities (24,467 ) (23,701 ) Net deferred tax asset $ 24,414 $ 20,511 A reconciliation of the Company’s effective income tax rate with the federal statutory tax rate is as follows: Years Ended December 31, 2018 2017 2016 Amount Percent Amount Percent Amount Percent (dollars in thousands) Income tax based on statutory rate $ 44,485 21 % $ 62,262 35 % $ 52,424 35 % Increase (decrease) resulting from: Tax exempt instruments (6,423 ) (3 )% (8,485 ) (5 )% (7,433 ) (5 )% Bank owned life insurance (1,261 ) (1 )% (3,351 ) (2 )% (1,680 ) (1 )% Acquisition costs — — % 825 1 % — — % Deferred tax asset revaluation — — % 12,210 7 % — — % State income tax, net of federal benefit 4,931 2 % 2,550 1 % 1,950 1 % Other, net (2,778 ) (1 )% (856 ) — % (346 ) — % Income tax provision $ 38,954 18 % $ 65,155 37 % $ 44,915 30 % As of December 31, 2018 and 2017 , we had no unrecognized tax benefits. Our policy is to recognize interest and penalties on unrecognized tax benefits in “Provision for income taxes” in the Consolidated Statements of Income. There were no amounts related to interest and penalties recognized for the years ended December 31, 2018 and 2017 . As a result of recent acquisitions, the Company has net operating loss carryforwards in the federal, Idaho and Oregon jurisdictions of $20.2 million , $18.7 million and $132 thousand , respectively, which begin to expire in 2024, and no federal credit carryforwards. The Tax Cuts and Jobs Act was signed into law on December 22, 2017. The law included significant changes to the U.S. corporate tax system, including a Federal corporate rate reduction from 35% to 21% . In 2017, the Company applied the newly enacted corporate federal income tax rate of 21% resulting in a $12.2 million increase in tax expense from the re-measurement of its net deferred tax assets. |
Regulatory Capital Requirements
Regulatory Capital Requirements | 12 Months Ended |
Dec. 31, 2018 | |
Regulatory Capital Requirements [Abstract] | |
Regulatory Capital Requirements | The Company (on a consolidated basis) and its banking subsidiary are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company and its banking subsidiary’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and its banking subsidiary must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Basel III capital requirements became effective on January 1, 2015. The capital requirements, among other things (i) specify that Tier 1 capital consists of “Common Equity Tier 1,” or CET1, and “Additional Tier 1 capital” instruments meeting specified requirements, (ii) define CET1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital and (iii) expand the scope of the deductions/adjustments to capital as compared to existing regulations. Under the requirements that are now effective, the minimum capital ratios are (i) 4.5% CET1 to risk-weighted assets, (ii) 6% Tier 1 capital to risk-weighted assets, (iii) 8% total capital to risk-weighted assets and (iv) 4% Tier 1 capital to average total assets (Tier 1 leverage). The Company and the Bank have made the one-time election to opt-out of including accumulated other comprehensive income items in regulatory capital calculations. The Capital Rules also require a capital conservation buffer designed to absorb losses during periods of economic stress. The capital conservation buffer is composed entirely of CET1, on top of these minimum risk-weighted asset ratios. In addition, the Capital Rules provide for a countercyclical capital buffer applicable only to certain covered institutions. We do not expect the countercyclical capital buffer to be applicable to us or the Bank. Banking institutions with a ratio of CET1 to risk-weighted assets above the minimum but below the capital conservation buffer (or below the combined capital conservation buffer and countercyclical capital buffer, when the latter is applied) will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. The implementation of the capital conservation buffer began on January 1, 2016 at the 0.625% level and was fully phased in over a three-year period (increasing by 0.625% on each subsequent January 1, until it reached 2.5% on January 1, 2019). As a result, the Company and the Bank are now required to maintain such additional capital conservation buffer of 2.5% of CET1, effectively resulting in minimum ratios of (i) 7% CET1 to risk-weighted assets, (ii) 8.5% Tier 1 capital to risk-weighted assets, and (iii) 10.5% total capital to risk-weighted assets. At December 31, 2018 , the capital conservation buffer for the Company and the Bank was 5.9920% and 5.8494% , respectively. As of December 31, 2018 , we and the Bank met all capital adequacy requirements under the Capital Rules on a fully phased-in basis as if all such requirements were then in effect. FDIC regulations set forth the qualifications necessary for a bank to be classified as “well-capitalized,” primarily for assignment of FDIC insurance premium rates. To qualify as “well-capitalized,” banks must have a CET1 risk-adjusted capital ratio of 6.5%, a Tier I risk-adjusted capital ratio of at least 8%, a total risk-adjusted capital ratio of at least 10% and a leverage ratio of at least 5%. Failure to qualify as “well-capitalized” can negatively impact a bank’s ability to expand and to engage in certain activities. As of December 31, 2018 , the most recent notification from the Federal Deposit Insurance Corporation categorized Columbia Bank as well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well- capitalized, an institution must maintain minimum CET1 risk-based, Tier 1 risk-based, total risk-based and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since the notification that management believes have changed Columbia Bank’s category. The Company and its banking subsidiary’s actual capital amounts and ratios as of December 31, 2018 and 2017 are presented in the following table: Actual Minimum Required Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2018 CET1 Capital (to risk-weighted assets): The Company $ 1,253,394 12.7401 % $ 442,717 4.50 % $ 627,182 6.38 % $ 688,670 7.00 % N/A N/A Columbia Bank $ 1,274,317 12.9576 % $ 442,552 4.50 % $ 626,948 6.38 % $ 688,414 7.00 % $ 639,241 6.50 % Tier 1 Capital (to risk-weighted assets): The Company $ 1,253,394 12.7401 % $ 590,289 6.00 % $ 774,754 7.88 % $ 836,243 8.50 % N/A N/A Columbia Bank $ 1,274,317 12.9576 % $ 590,069 6.00 % $ 774,465 7.88 % $ 835,931 8.50 % $ 786,759 8.00 % Total Capital (to risk-weighted assets): The Company $ 1,376,555 13.9920 % $ 787,052 8.00 % $ 971,517 9.88 % $ 1,033,006 10.50 % N/A N/A Columbia Bank $ 1,362,016 13.8494 % $ 786,759 8.00 % $ 971,155 9.88 % $ 1,032,621 10.50 % $ 983,448 10.00 % Tier 1 Capital Leverage (to average assets): The Company $ 1,253,394 10.2444 % $ 489,399 4.00 % $ 489,399 4.00 % $ 489,399 4.00 % N/A N/A Columbia Bank $ 1,274,317 10.4185 % $ 489,254 4.00 % $ 489,254 4.00 % $ 489,254 4.00 % $ 611,567 5.00 % December 31, 2017 CET1 Capital (to risk-weighted assets): The Company $ 1,158,252 11.7421 % $ 443,886 4.50 % $ 567,187 5.75 % $ 690,489 7.00 % N/A N/A Columbia Bank $ 1,184,476 12.0133 % $ 443,687 4.50 % $ 566,933 5.75 % $ 690,180 7.00 % $ 640,881 6.50 % Tier 1 Capital (to risk-weighted assets): The Company $ 1,165,903 11.8196 % $ 591,848 6.00 % $ 715,149 7.25 % $ 838,451 8.50 % N/A N/A Columbia Bank $ 1,184,476 12.0133 % $ 591,582 6.00 % $ 714,829 7.25 % $ 838,075 8.50 % $ 788,777 8.00 % Total Capital (to risk-weighted assets): The Company $ 1,280,326 12.9796 % $ 789,130 8.00 % $ 912,432 9.25 % $ 1,035,734 10.50 % N/A N/A Columbia Bank $ 1,263,252 12.8123 % $ 788,777 8.00 % $ 912,023 9.25 % $ 1,035,269 10.50 % $ 985,971 10.00 % Tier 1 Capital Leverage (to average assets): The Company $ 1,165,903 10.9611 % $ 425,469 4.00 % $ 425,469 4.00 % $ 425,469 4.00 % N/A N/A Columbia Bank $ 1,184,476 10.8186 % $ 437,939 4.00 % $ 437,939 4.00 % $ 437,939 4.00 % $ 547,423 5.00 % |
Parent Company Financial Inform
Parent Company Financial Information | 12 Months Ended |
Dec. 31, 2018 | |
Condensed Financial Information Disclosure [Abstract] | |
Parent Company Financial Information | Parent Company Financial Information Condensed Balance Sheets—Parent Company Only December 31, 2018 2017 (in thousands) Assets Cash and due from banking subsidiary $ 945 $ 533 Interest-earning deposits 7,226 8,765 Total cash and cash equivalents 8,171 9,298 Investment in banking subsidiary 2,049,855 1,971,788 Investment in other subsidiaries 5,312 5,157 Goodwill 4,729 4,729 Other assets 1,595 3,426 Total assets $ 2,069,662 $ 1,994,398 Liabilities and Shareholders’ Equity Subordinated debentures $ 35,462 $ 35,647 Junior subordinated debentures — 8,248 Other liabilities 551 581 Total liabilities 36,013 44,476 Shareholders’ equity 2,033,649 1,949,922 Total liabilities and shareholders’ equity $ 2,069,662 $ 1,994,398 Condensed Statements of Income—Parent Company Only Years Ended December 31, 2018 2017 2016 (in thousands) Income Dividend from banking subsidiary $ 85,250 $ 66,800 $ 83,500 Interest-earning deposits 12 2 4 Other income 56 8 8 Total income 85,318 66,810 83,512 Expense Compensation and employee benefits 978 732 543 Subordinated debentures interest expense 1,871 304 — Other borrowings interest expense 4 60 — Other expense 2,058 3,090 1,608 Total expenses 4,911 4,186 2,151 Income before income tax benefit and equity in undistributed earnings of subsidiaries 80,407 62,624 81,361 Income tax benefit (1,017 ) (548 ) (748 ) Income before equity in undistributed earnings of subsidiaries 81,424 63,172 82,109 Equity in undistributed earnings of subsidiaries 91,458 49,656 22,757 Net income $ 172,882 $ 112,828 $ 104,866 Condensed Statements of Cash Flows—Parent Company Only Years Ended December 31, 2018 2017 2016 (in thousands) Operating Activities Net income $ 172,882 $ 112,828 $ 104,866 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (91,458 ) (49,656 ) (22,757 ) Stock-based compensation expense 8,354 7,745 5,009 Net changes in other assets and liabilities 1,622 1,672 (394 ) Net cash provided by operating activities 91,400 72,589 86,724 Investing Activities Net cash paid in business combinations — (580 ) — Net cash provided by investing activities — (580 ) — Financing Activities Preferred stock dividends — — (157 ) Common stock dividends (83,459 ) (51,308 ) (88,677 ) Repayment of junior subordinated debentures (8,248 ) (6,186 ) — Cash settlement of acquired equity awards — (7,345 ) — Purchase and retirement of common stock (2,677 ) (2,299 ) (1,125 ) Proceeds from exercise of stock options 1,857 1,980 1,349 Excess tax benefit associated with share-based compensation — — 344 Net cash used in financing activities (92,527 ) (65,158 ) (88,266 ) Increase (decrease) in cash and cash equivalents (1,127 ) 6,851 (1,542 ) Cash and cash equivalents at beginning of year 9,298 2,447 3,989 Cash and cash equivalents at end of year $ 8,171 $ 9,298 $ 2,447 Supplemental disclosure of noncash investing and financing activities Share-based consideration issued in business combinations $ — $ 636,385 $ — |
Summary Of Quarterly Financial
Summary Of Quarterly Financial Information (Unaudited) | 12 Months Ended |
Dec. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Summary of Quarterly Financial Information (Unaudited) | Summary of Quarterly Financial Information (Unaudited) Quarterly financial information for the years ended December 31, 2018 and 2017 is summarized as follows: Fourth Third Second First Year Ended (in thousands, except per share amounts) 2018 Total interest income $ 129,801 $ 127,575 $ 120,549 $ 119,144 $ 497,069 Total interest expense 5,913 4,779 3,875 3,663 18,230 Net interest income 123,888 122,796 116,674 115,481 478,839 Provision for loan and lease losses 1,789 3,153 3,975 5,852 14,769 Noninterest income 20,402 21,019 23,692 23,143 88,256 Noninterest expense 87,019 82,841 84,643 85,987 340,490 Income before income taxes 55,482 57,821 51,748 46,785 211,836 Provision for income taxes 10,734 11,406 9,999 6,815 38,954 Net income $ 44,748 $ 46,415 $ 41,749 $ 39,970 $ 172,882 Per common share (3) Earnings (basic) $ 0.61 $ 0.63 $ 0.57 $ 0.55 $ 2.36 Earnings (diluted) $ 0.61 $ 0.63 $ 0.57 $ 0.55 $ 2.36 2017 Total interest income $ 108,841 $ 90,303 $ 87,786 $ 87,816 $ 374,746 Total interest expense 2,617 1,374 1,625 1,141 6,757 Net interest income 106,224 88,929 86,161 86,675 367,989 Provision (recapture) for loan and lease losses 3,327 (648 ) 3,177 2,775 8,631 Noninterest income 23,581 37,067 24,135 24,859 109,642 Noninterest expense 85,627 67,537 68,867 68,986 291,017 Income before income taxes 40,851 59,107 38,252 39,773 177,983 Provision for income taxes 25,123 18,338 11,120 10,574 65,155 Net income $ 15,728 $ 40,769 $ 27,132 $ 29,199 $ 112,828 Per common share (3) Earnings (basic) $ 0.23 $ 0.70 $ 0.47 $ 0.50 $ 1.86 Earnings (diluted) $ 0.23 $ 0.70 $ 0.47 $ 0.50 $ 1.86 __________ (1) During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. (2) During the third quarter of 2017, Columbia sold its merchant card services portfolio. (3) Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year. |
Revenue from Contracts with Cus
Revenue from Contracts with Customers | 12 Months Ended |
Dec. 31, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from Contract with Customer [Text Block] | Revenue in the scope of Topic 606, Revenue from Contracts with Customers is measured based on the consideration specified in the contract with a customer and excludes amounts collected on behalf of third parties. The vast majority of the Company’s revenue is specifically outside the scope of Topic 606. For in-scope revenue, the following is a description of principal activities, separated by the timing of revenue recognition from which the Company generates its revenue from contracts with customers. a. Revenue earned at a point in time - Examples of revenue earned at a point in time are ATM transaction fees, wire transfer fees, overdraft fees, interchange fees and foreign exchange transaction fees. Revenue is primarily based on the number and type of transactions and is generally derived from transactional information accumulated by our systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer’s transaction. The Company is the principal in each of these contracts, with the exception of interchange fees, in which case we are acting as the agent and record revenue net of expenses paid to the principal. b. Revenue earned over time - The Company earns revenue from contracts with customers in a variety of ways where the revenue is earned over a period of time - generally monthly. Examples of this type of revenue are deposit account maintenance fees, investment advisory fees, merchant revenue and safe deposit box fees. Revenue is generally derived from transactional information accumulated by our systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer. The Company recognizes revenue from contracts with customers when it satisfies its performance obligations. The Company’s performance obligations are typically satisfied as services are rendered and our contracts generally do not include multiple performance obligations. As a result, there are no contract balances as payments and services are rendered simultaneously. Payment is generally collected at the time services are rendered, monthly or quarterly. Unsatisfied performance obligations at the report date are not material to our consolidated financial statements. In certain cases, other parties are involved with providing products and services to our customers. If the Company is principal in the transaction (providing goods or services itself), revenues are reported based on the gross consideration received from the customer and any related expenses are reported gross in noninterest expense. If the Company is an agent in the transaction (arranging for another party to provide goods or services), the Company reports its net fee or commission retained as revenue. Rebates, waivers and reversals are recorded as a reduction of the transaction price either when the revenue is recognized by the Company or at the time the rebate, waiver or reversal is earned by the customer. Practical expedients The Company applies the practical expedient in paragraph 606-10-32-18 and does not adjust the consideration from customers for the effects of a significant financing component if at contract inception the period between when the entity transfers the goods or services and when the customer pays for that good or service will be one year or less. The Company pays sales commissions to its employees in accordance with certain incentive plans and in connection with obtaining certain contracts with customers. The Company applies the practical expedient in paragraph 340-40-25-4 and expenses such sales commissions when incurred if the amortization period of the asset the Company otherwise would have recognized is one year or less. Sales commissions are included in compensation and employee benefits expense. For the Company’s contracts that have an original expected duration of one year or less, the Company uses the practical expedient in paragraph 606-10-50-14 and has not disclosed the amount of the transaction price allocated to unsatisfied performance obligations as of the end of each reporting period or when the Company expects to recognize this revenue. The following table shows the disaggregation of revenue from contracts with customers for the period indicated: Year Ended December 31, 2018 (dollars in thousands) Noninterest income: Revenue from contracts with customers: Deposit account and treasury management fees $ 36,072 Card revenue 19,719 Financial services and trust revenue 12,135 Total revenue from contracts with customers 67,926 Other sources of noninterest income 20,330 Total noninterest income $ 88,256 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Subsequent Events On January 23, 2019, as part of its interest rate sensitivity management, the Company entered into an interest rate collar derivative transaction with a $500.0 million notional based on 1 month LIBOR. The Company has designated this as a cash flow hedge transaction. On November 14, 2018, as modified on January 23, 2019, the board of directors approved a stock repurchase program to repurchase up to 2.9 million shares, up to a maximum aggregate purchase price of $100.0 million . |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Line Items] | |
Cash and cash equivalents | Cash and cash equivalents Cash and cash equivalents include cash and due from banks, and interest-bearing balances due from correspondent banks and the Federal Reserve Bank (“FRB”). Cash equivalents have a maturity of 90 days or less at the time of purchase. |
Securities | Securities Securities are classified based on management’s intention on the date of purchase. All securities are classified as available for sale and are presented at fair value. Unrealized gains or losses on securities available for sale are excluded from net income but are included as separate components of other comprehensive income, net of taxes. Purchase premiums or discounts on securities available for sale are amortized or accreted into income using the interest method over the terms of the individual securities. The Company performs a quarterly assessment to determine whether a decline in fair value below amortized cost is other-than-temporary. Amortized cost includes adjustments made to the cost of an investment for accretion, amortization, collection of cash and previous other-than-temporary impairment recognized in earnings. Other-than-temporary impairment exists when it is probable that the Company will be unable to recover the entire amortized cost basis of the security. In performing the quarterly assessment for debt securities, management considers whether or not the Company expects to recover the entire amortized cost basis of the security. In addition, management also considers whether it is more likely than not that it will not have to sell the security before recovery of its cost basis. If the Company intends to sell a security or it is more likely than not it will be required to sell a security prior to recovery of its cost basis, the entire amount of impairment is recognized in earnings. If the Company does not intend to sell the security or it is not more likely than not it will be required to sell the security prior to recovery of its cost basis, the credit loss component of impairment is recognized in earnings and impairment associated with non-credit factors, such as market liquidity, is recognized in “Other comprehensive income (loss), net of tax.” A credit loss is the difference between the cost basis of the security and the present value of cash flows expected to be collected, discounted at the security’s effective interest rate at the date of acquisition. The cost basis of an other-than-temporarily impaired security is written down by the amount of impairment recognized in earnings. The new cost basis is not adjusted for subsequent recoveries in fair value. However, the difference between the new amortized cost basis and the cash flows expected to be collected is accreted as interest income. The total other-than-temporary impairment, if any, is presented in the Consolidated Statements of Income with a reduction for the amount of other-than-temporary impairment that is recognized in “Other Comprehensive Income,” if any. Realized gains or losses on sales of securities available for sale are recorded using the specific identification method. |
Federal Home Loan Bank Stock | Federal Home Loan Bank Stock The Company holds shares of Class B stock issued by the Federal Home Loan Bank (“FHLB”) of Des Moines, which has been designated as FHLB membership stock or FHLB activity based stock in accordance with the capital plan of the FHLB. Membership stock is stock we are required to purchase and hold as a condition of membership in the FHLB. The Company’s membership stock purchase requirement is measured as a percentage of our year-end assets, subject to a $10 million cap. Class B stock may be redeemed, subject to certain limitations, on five years’ written notice to the FHLB. Activity based stock is stock we are required to purchase and hold in order to obtain an advance or participate in FHLB mortgage programs. The Company’s activity based stock purchase requirement is measured as a percentage of our advance proceeds. Our FHLB stock is carried at par value because the shares are issued, transferred, redeemed, and repurchased by the FHLB at a par value of $100 . The FHLB stock is subject to recoverability testing per the Financial Services-Depository and Lending topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). |
Loans | Loans Loans, excluding purchased credit impaired loans, are generally carried at the unpaid principal balance, net of purchase premiums, purchase discounts and net deferred loan fees. Net deferred loan fees include nonrefundable loan origination fees less direct loan origination costs. Net deferred loan fees, purchase premiums and purchase discounts are amortized into interest income using either the interest method or straight-line method over the terms of the loans, adjusted for actual prepayments. The interest method is used for all loans except revolving loans, for which the straight-line method is used. Interest income is accrued as earned. Fees related to lending activities, other than the origination or purchase of loans, are recognized as noninterest income during the period the related services are performed. Nonaccrual loans —Loans are placed on nonaccrual status when a loan becomes contractually past due 90 days with respect to interest or principal unless the loan is both well secured and in the process of collection, or if full collection of interest or principal becomes uncertain. When a loan is placed on nonaccrual status, any accrued and unpaid interest receivable is reversed and the amortization of net deferred loan fees, premiums and discounts ceases. The interest payments received on nonaccrual loans are generally accounted for on the cost-recovery method whereby the interest payment is applied to the principal balances. Loans may be returned to accrual status when improvements in credit quality eliminate the doubt as to the full collectability of both interest and principal and a period of sustained performance has occurred. Impaired loans —Loans are considered impaired when based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement or when a loan has been modified in a troubled debt restructuring. The assessment for impairment occurs when and while such loans are designated as classified per the Company’s internal risk rating system or when and while such loans are on nonaccrual. All nonaccrual loans greater than $500,000 and all troubled debt restructured loans are considered impaired and analyzed individually on a quarterly basis. Classified loans with an outstanding balance greater than $500,000 are evaluated for potential impairment on a quarterly basis. Restructured Loans —A loan is classified as a troubled debt restructuring when a borrower is experiencing financial difficulties that lead to a restructuring of the loan, and the Company grants concessions to the borrower in the restructuring that it would not otherwise consider. These concessions may include interest rate reductions, principal forgiveness, extension of maturity date and other actions intended to minimize potential losses. Generally, a nonaccrual loan that is restructured remains on nonaccrual status for a period of six months to demonstrate that the borrower can meet the restructured terms. If the borrower’s performance under the new terms is not reasonably assured, the loan remains classified as a nonaccrual loan. Purchased Credit Impaired Loans (“PCI Loans”) —Loans acquired with evidence of credit deterioration since origination for which it is probable that all contractually required payments will not be collected are accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality . In addition, because of the significant discounts associated with certain of the acquired loan portfolios, the Company elected to account for those certain acquired loans under ASC 310-30. In situations where such loans have similar risk characteristics, loans are aggregated into pools to estimate cash flows. A pool is accounted for as a single asset with a single interest rate, cumulative loss rate and cash flow expectation. Expected cash flows at the acquisition date in excess of the fair value of loans are considered to be accretable yield, which is recognized as interest income over the life of the loan pool using a level yield method if the timing and amount of the future cash flows of the pool is reasonably estimable. Subsequent to the acquisition date, any increases in cash flow over those expected at purchase date in excess of fair value are recorded as interest income prospectively. Any subsequent decreases in cash flow over those expected at purchase date due to credit deterioration are recognized by recording an allowance for losses on purchased credit impaired loans. Any disposals of loans, including sales of loans, payments in full or foreclosures result in the removal of the loan from the loan pool at the carrying amount. Unfunded loan commitments —Unfunded commitments are generally related to providing credit facilities to clients of the Bank and are not actively traded financial instruments. These unfunded commitments are disclosed as financial instruments with off-balance sheet risk in Note 17, “Commitments and Contingent Liabilities.” |
Allowance for Loan and Lease Losses | Allowance for Loan and Lease Losses The allowance for loan and lease losses (the “allowance”) is an accounting estimate of incurred credit losses in our loan portfolio at the balance sheet date. The provision for loan and lease losses is the expense recognized in the Consolidated Statements of Income to adjust the allowance to the levels deemed appropriate by management, as measured by the Company’s credit loss estimation methodologies. Loans Collectively Evaluated for Impairment —This measure of estimated credit losses is based upon the loss experience over a historical base period adjusted for a loss emergence period. The loss emergence period is an estimate of the period that it takes, on average, for us to identify the amount of loss incurred for a loan that has suffered a loss-causing event. Management then considers the effects of the following qualitative factors to ensure our allowance reflects the inherent losses in the loan portfolio: • Economic and business conditions; • Concentration of credit; • Lending management and staff; • Lending policies and procedures; • Loss and recovery trends; • Nature and volume of the portfolio; • Trends in problem loans, loan delinquencies and nonaccrual loans; • Quality of internal loan review; and • External factors. These qualitative factors have a high degree of subjectivity and changes in any of the factors could have a significant impact on our calculation of the allowance. The qualitative adjustment by loan segment is based upon management's assessment of inherent losses within a range between the weighted historical loss factor by segment and the maximum consecutive quarterly losses in the relevant loss emergence period by segment over the historical base period. Loan and lease losses are charged against the allowance when management believes the collectability of a loan balance is unlikely. Subsequent recoveries, if any, are credited to the allowance. Loans Individually Evaluated for Impairment —This measure of estimated credit losses begins if, based upon current information and events, we believe it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement or when a loan has been modified in a troubled debt restructuring. When a loan has been identified as impaired, the amount of impairment will be measured using discounted cash flows, except when it is determined that the remaining source of repayment for the loan is the operation or liquidation of the underlying collateral. In these cases, the current fair value of the collateral, reduced by costs to sell, will be used in place of discounted cash flows. As a final alternative, the observable market price of the debt may be used to assess impairment. Predominantly, the Company uses the fair value of collateral approach based upon a reliable valuation. When the measurement of the impaired loan is less than the recorded amount of the loan, an impairment is recognized by recording a charge-off to the allowance or by designating a specific reserve. |
Allowance for Unfunded Commitments and Letters of Credit | Unfunded Commitments and Letters of Credit —The allowance for unfunded commitments is maintained at a level believed by management to be sufficient to absorb estimated probable losses related to these unfunded credit facilities. The determination of the adequacy of the allowance is based on periodic evaluations of the unfunded credit facilities including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers, and the terms and expiration dates of the unfunded credit facilities. The allowance for unfunded commitments is included in “Other liabilities” on the Consolidated Balance Sheets, with changes to the balance charged against noninterest expense. |
Premises and Equipment | Premises and Equipment Land, buildings, leasehold improvements and equipment are stated at cost less accumulated depreciation and amortization. Gains or losses on dispositions are reflected in current operations. Expenditures for improvements and major renewals are capitalized, and ordinary maintenance, repairs and small purchases are charged to “Occupancy” in the Consolidated Statements of Income. Depreciation and amortization are computed based on the straight-line method over the estimated useful lives of the various classes of assets. The ranges of useful lives for the principal classes of assets are as follows: Buildings and building improvements 5 to 39 years Leasehold improvements Term of lease or useful life, whichever is shorter Furniture, fixtures and equipment 3 to 7 years Vehicles 5 years Computer software 3 to 5 years |
Software | Software Capitalized software is stated at cost, less accumulated amortization. Amortization is computed on a straight-line basis and charged to expense over the estimated useful life of the software, which is generally three years. Capitalized software is included in “Premises and equipment, net” in the Consolidated Balance Sheets. |
Other Real Estate Owned—Noncovered | Other Real Estate Owned Other real estate owned (“OREO”) is composed of real estate acquired by the Company through either foreclosure or deed in lieu of foreclosure in satisfaction of debt. At acquisition, OREO is recorded at fair value less estimated costs to sell. Any fair value adjustments at acquisition are charged to the allowance, or in the event of a write-up without previous losses charged to the allowance, a credit to earnings is recorded. The fair value of the OREO is based upon a current appraisal or a letter of intent to purchase. Losses that result from the ongoing periodic valuation of these properties are charged to the net cost of operation of OREO in the period in which they are identified. Improvements to the OREO are capitalized and holding costs are charged to the net cost of operation of OREO as incurred. |
Goodwill and Intangibles | Goodwill and Intangibles Net assets of companies acquired in a business combination are recorded at fair value at the date of acquisition. Any excess of the purchase price over the fair value of net assets acquired, including identified intangible assets, is recognized as goodwill. Goodwill is reviewed for potential impairment annually, during the third quarter, or, more frequently, if events or circumstances indicate a potential impairment, at the reporting unit level. A reporting unit is an operating segment or one level below an operating segment for which discrete financial information is available and regularly reviewed by management. The Company consists of a single reporting unit. If the fair value of the reporting unit, including goodwill, is determined to be less than the carrying amount of the reporting unit, a further test is required to measure the amount of impairment. If an impairment loss exists, the carrying amount of goodwill is adjusted to a new cost basis. Subsequent reversal of a previously recognized goodwill impairment loss is prohibited. Identified intangible assets are amortized on an accelerated basis over the period benefited. Intangible assets are also evaluated for impairment if events and circumstances indicate a possible impairment. Such evaluation is based on undiscounted cash flow projections. At December 31, 2018 , intangible assets included in the Consolidated Balance Sheets principally consisted of core deposit intangibles with an original estimated life of 10 years . |
Income Taxes | Income Taxes The provision for income taxes includes current and deferred income tax expense on net income adjusted for temporary and permanent differences such as interest income from state and municipal securities and investments in affordable housing tax credits. Deferred tax assets and liabilities are recognized for the expected future tax consequences of existing temporary differences between the financial reporting and tax reporting basis of assets and liabilities using enacted tax laws and rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. On a quarterly basis, management evaluates deferred tax assets to determine if these tax benefits are expected to be realized in future periods. This determination is based on facts and circumstances, including the Company’s current and future tax outlook. To the extent a deferred tax asset is no longer considered “more likely than not” to be realized, a valuation allowance is established. We recognize the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. We recognize interest and penalties related to unrecognized tax benefits in “Provision for income taxes” in the Consolidated Statements of Income. |
Earnings per Common Share | Earnings per Common Share The Company’s capital structure includes common shares, restricted common share awards, common share options, and, during 2016 and a portion of 2017, convertible preferred shares. Restricted common share awards participate in dividends declared on common shares at the same rate as common shares. Convertible preferred shares participated in dividends declared on common shares on an “as if converted” basis. Restricted common share awards and convertible preferred shares are considered participating securities under the Earnings per Share topic of the FASB ASC. The Company calculates earnings per common share (“EPS”) using the two-class method. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common shareholders but does not require the presentation of basic and diluted EPS for securities other than common shares. Under the two-class method, basic EPS is computed by dividing earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. Earnings allocated to common shareholders represents net income reduced by earnings allocated to participating securities. Diluted EPS is computed in the same manner as basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if certain shares issuable upon exercise of common share options were included unless those additional shares would have been anti-dilutive. For the diluted EPS computation, the treasury stock method is applied and compared to the two-class method and whichever method results in a more dilutive impact is utilized to calculate diluted EPS. |
Advertising | Advertising Advertising costs are generally expensed as incurred. |
Share-Based Payment | Share-Based Payment The Company accounts for stock options and stock awards in accordance with the Compensation—Stock Compensation topic of the FASB ASC. Authoritative guidance requires the Company to measure the cost of employee services received in exchange for an award of equity instruments, such as stock options or stock awards, based on the fair value of the award on the grant date. This cost must be recognized in the Consolidated Statements of Income over the vesting period of the award. The Company issues restricted common share awards which generally vest over a four-year period and have full voting rights. Pursuant to our new equity incentive plan approved in 2018, for any awards issued under the new plan, the holder accrues dividends, which are paid out when the shares vest. For any awards granted prior to the new plan, the holder receives dividends whether or not the shares have vested. Restricted stock is valued at the closing price of the Company’s stock on the date of an award. |
Derivatives and Hedging Activities | Derivatives and Hedging Activities In accordance with the Derivatives and Hedging topic of the FASB ASC, the Company recognizes derivatives as assets or liabilities on the Consolidated Balance Sheets at their fair value. The Company periodically enters into interest rate contracts with customers and offsetting contracts with third parties. As these interest rate contracts are not designated as hedges under the Derivatives and Hedging topic of the FASB ASC, the changes in fair value of these instruments are recognized immediately in earnings. |
Purchased Credit Impaired Loans [Member] | |
Accounting Policies [Line Items] | |
Allowance for Loan and Lease Losses | Purchased Credit Impaired Loans —The Company updates its cash flow projections for purchased credit impaired loans accounted for under ASC 310-30 on a quarterly basis. Assumptions utilized in this process include projections related to probability of default, loss severity, prepayment and recovery lag. Projections related to probability of default and prepayment are calculated utilizing a loan migration analysis. The loan migration analysis is a matrix of probability that is used to estimate the probability of a loan pool transitioning into a particular delinquency state given its delinquency state at the re-measurement date. Loss severity factors are based upon either actual charge-off data within the loan pools or industry averages, and recovery lags are based upon the collateral within the loan pools. Any decreases in expected cash flows after the acquisition date and subsequent measurement periods are recognized by recording a provision for loan losses. See “Purchased Credit Impaired Loans” for further discussion. |
Business Combinations (Tables)
Business Combinations (Tables) - Pacific Continental [Member] | 12 Months Ended |
Dec. 31, 2018 | |
Business Acquisition [Line Items] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The table below summarizes the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed: November 1, 2017 (in thousands) Merger consideration $ 637,103 Identifiable net assets acquired, at fair value Assets acquired Cash and cash equivalents $ 81,190 Investment securities 449,291 Federal Home Loan Bank stock 7,084 Loans 1,873,987 Interest receivable 7,827 Premises and equipment 27,343 Other real estate owned 10,279 Core deposit intangible 46,875 Other assets 50,638 Total assets acquired 2,554,514 Liabilities assumed Deposits (2,118,982 ) Federal Home Loan Bank advances (101,127 ) Subordinated debentures (35,678 ) Junior subordinated debentures (14,434 ) Securities sold under agreements to repurchase (1,617 ) Other liabilities (28,653 ) Total liabilities assumed (2,300,491 ) Total fair value of identifiable net assets 254,023 Goodwill $ 383,080 |
Business Acquisition, Pro Forma Information [Table Text Block] | For illustrative purposes only, the following table presents certain unaudited pro forma information for the years ended December 31, 2017 and 2016 . This unaudited, estimated pro forma financial information was calculated as if Pacific Continental had been acquired as of the beginning of the year prior to the date of acquisition. This unaudited pro forma information combines the historical results of Pacific Continental with the Company’s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods. The pro forma information is not indicative of what would have occurred had the acquisition occurred as of the beginning of the year prior to the acquisition. In particular, no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of the beginning of the year prior to the date of acquisition. The unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value. Additionally, Columbia expects to achieve further operating cost savings and other business synergies, including revenue growth as a result of the acquisition, which are not reflected in the pro forma amounts that follow. As a result, actual amounts would have differed from the unaudited pro forma information presented. Unaudited Pro Forma for the Years Ended December 31, 2017 2016 (in thousands, except per share amounts) Total revenues (net interest income plus noninterest income) $ 571,944 $ 520,419 Net income $ 149,859 $ 124,550 Earnings per share - basic $ 2.23 $ 1.86 Earnings per share - diluted $ 2.23 $ 1.86 |
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block] | The following table shows the impact of the acquisition-related expenses related to the acquisition of Pacific Continental for the periods indicated to the various components of noninterest expense: Years ended December 31, 2018 2017 2016 (in thousands) Noninterest Expense Compensation and employee benefits $ 3,620 $ 8,014 $ — Occupancy 1,619 1,912 — Advertising and promotion 537 467 — Data processing 963 1,555 — Legal and professional fees 1,028 4,618 291 Taxes, licenses and fees — 10 — Other 894 620 — Total impact of acquisition-related costs to noninterest expense $ 8,661 $ 17,196 $ 291 |
Securities (Tables)
Securities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Securities, Available-for-sale [Line Items] | |
Securities Available for Sale | The following table summarizes the amortized cost, gross unrealized gains and losses and the resulting fair value of debt securities available for sale: Amortized Gross Gross Fair Value December 31, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 2,222,521 $ 9,236 $ (43,467 ) $ 2,188,290 State and municipal securities 579,755 2,328 (7,760 ) 574,323 U.S. government agency and government-sponsored enterprise securities 408,088 1,235 (4,736 ) 404,587 U.S. government securities 251 — (3 ) 248 Total $ 3,210,615 $ 12,799 $ (55,966 ) $ 3,167,448 December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,752,236 $ 1,815 $ (27,326 ) $ 1,726,725 State and municipal securities 593,940 6,023 (3,959 ) 596,004 U.S. government agency and government-sponsored enterprise securities 416,894 642 (2,762 ) 414,774 U.S. government securities 251 — (3 ) 248 Total $ 2,763,321 $ 8,480 $ (34,050 ) $ 2,737,751 |
Schedule of gross realized gains and losses on sales and calls of securities available for sale [Table Text Block] | The following table provides the proceeds and both gross realized gains and losses on the sales and calls of debt securities available for sale as well as other securities gains and losses for the periods indicated: Years Ended December 31, 2018 2017 2016 (in thousands) Proceeds from sales and calls of debt securities available for sale $ 32,330 $ 30,403 $ 124,142 Gross realized gains from sales of debt securities available for sale $ 235 $ 111 $ 1,181 Gross realized losses from sales of debt securities available for sale (129 ) (122 ) — Other securities losses, net (1) (195 ) — — Investment securities gains (losses), net $ (89 ) $ (11 ) $ 1,181 __________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities. |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following table provides the unrealized gains and losses on equity securities at the reporting date: Year Ended December 31, 2018 (in thousands) Net gains and losses recognized during the period on equity securities $ 195 Less: Net gains and losses recognized during the period on equity securities sold during the period. (195 ) Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date. $ — |
Schedule of Contractual Maturities of Investment Securities Available for Sale | The scheduled contractual maturities of debt securities available for sale at December 31, 2018 are presented as follows: December 31, 2018 Amortized Cost Fair Value (in thousands) Due within one year $ 130,592 $ 130,241 Due after one year through five years 566,382 559,600 Due after five years through ten years 1,398,135 1,391,517 Due after ten years 1,115,506 1,086,090 Total debt securities available for sale $ 3,210,615 $ 3,167,448 |
Schedule of Securities pledged as collateral [Table Text Block] | The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law: December 31, 2018 2017 (in thousands) Washington and Oregon State to secure public deposits $ 276,343 $ 245,222 Federal Reserve Bank to secure borrowings 52,303 52,917 Other securities pledged 138,492 121,244 Total securities pledged as collateral $ 467,138 $ 419,383 |
Summary of Gross Unrealized Losses and Fair Value of the Investments with Unrealized Losses | The following tables show the gross unrealized losses and fair value of the Company’s debt securities available for sale with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2018 and 2017 : Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 154,622 $ (972 ) $ 1,301,387 $ (42,495 ) $ 1,456,009 (43,467 ) State and municipal securities 106,292 (581 ) 280,496 (7,179 ) 386,788 (7,760 ) U.S. government agency and government-sponsored enterprise securities 15,392 (45 ) 291,435 (4,691 ) 306,827 (4,736 ) U.S. government securities — — 247 (3 ) 247 (3 ) Total $ 276,306 $ (1,598 ) $ 1,873,565 $ (54,368 ) $ 2,149,871 $ (55,966 ) December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 816,678 $ (6,710 ) $ 717,211 $ (20,616 ) $ 1,533,889 $ (27,326 ) State and municipal securities 220,019 (1,723 ) 75,172 (2,236 ) 295,191 (3,959 ) U.S. government agency and government-sponsored enterprise securities 184,046 (1,006 ) 155,983 (1,756 ) 340,029 (2,762 ) U.S. government securities 249 (3 ) — — 249 (3 ) Total $ 1,220,992 $ (9,442 ) $ 948,366 $ (24,608 ) $ 2,169,358 $ (34,050 ) |
Loans (Tables)
Loans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financing Receivable, Recorded Investment [Line Items] | |
Analysis of Loan Portfolio by Major Types of Loans | The following is an analysis of the loan portfolio by segment (net of unearned income): December 31, 2018 2017 Loans, excluding PCI loans PCI Loans Total Loans, excluding PCI loans PCI Loans Total (in thousands) Commercial business $ 3,438,422 $ 9,240 $ 3,447,662 $ 3,377,324 $ 12,628 $ 3,389,952 Real estate: One-to-four family residential 238,367 8,017 246,384 188,396 12,395 200,791 Commercial and multifamily residential 3,846,027 62,910 3,908,937 3,825,739 75,594 3,901,333 Total real estate 4,084,394 70,927 4,155,321 4,014,135 87,989 4,102,124 Real estate construction: One-to-four family residential 217,790 153 217,943 200,518 177 200,695 Commercial and multifamily residential 284,394 534 284,928 371,931 607 372,538 Total real estate construction 502,184 687 502,871 572,449 784 573,233 Consumer 318,945 8,906 327,851 334,190 11,269 345,459 Less: Net unearned income (42,194 ) — (42,194 ) (52,111 ) — (52,111 ) Total loans, net of unearned income 8,301,751 89,760 8,391,511 8,245,987 112,670 8,358,657 Less: Allowance for loan and lease losses (79,758 ) (3,611 ) (83,369 ) (68,739 ) (6,907 ) (75,646 ) Total loans, net $ 8,221,993 $ 86,149 $ 8,308,142 $ 8,177,248 $ 105,763 $ 8,283,011 Loans held for sale $ 3,849 $ — $ 3,849 $ 5,766 $ — $ 5,766 |
Analysis of Nonaccrual Loans | The following is an analysis of nonaccrual loans as of December 31, 2018 and 2017 : December 31, 2018 2017 Recorded Unpaid Principal Recorded Unpaid Principal (in thousands) Commercial business: Secured $ 35,504 $ 45,072 $ 45,410 $ 56,865 Unsecured 9 9 50 49 Real estate: One-to-four family residential 1,158 1,178 785 1,182 Commercial and multifamily residential: Commercial land 2,261 2,270 2,628 2,623 Income property 2,721 3,062 4,284 5,410 Owner occupied 9,922 10,300 7,029 7,270 Real estate construction: One-to-four family residential: Land and acquisition 318 318 25 26 Residential construction — — 1,829 1,828 Consumer 2,949 3,149 4,149 4,633 Total $ 54,842 $ 65,358 $ 66,189 $ 79,886 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Analysis of the Aged Loan Portfolio | The following is an aging of the recorded investment of the loan portfolio as of December 31, 2018 and 2017 : Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2018 (in thousands) Commercial business: Secured $ 3,267,709 $ 5,864 $ 3,624 $ — $ 9,488 $ 35,504 $ 3,312,701 Unsecured 111,868 240 — — 240 9 112,117 Real estate: One-to-four family residential 233,941 694 233 — 927 1,158 236,026 Commercial and multifamily residential: Commercial land 283,416 — — — — 2,261 285,677 Income property 1,910,505 5,009 2,241 — 7,250 2,721 1,920,476 Owner occupied 1,606,085 1,744 — — 1,744 9,922 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — — — — 318 4,417 Residential construction 212,303 93 — — 93 — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — — 194,912 Owner occupied 79,805 7,258 — — 7,258 — 87,063 Consumer 314,008 1,057 201 — 1,258 2,949 318,215 Total $ 8,218,651 $ 21,959 $ 6,299 $ — $ 28,258 $ 54,842 $ 8,301,751 Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2017 (in thousands) Commercial business: Secured $ 3,185,321 $ 2,530 $ 2,400 $ — $ 4,930 $ 45,410 $ 3,235,661 Unsecured 123,524 100 501 — 601 50 124,175 Real estate: One-to-four family residential 184,256 1,111 402 — 1,513 785 186,554 Commercial and multifamily residential: Commercial land 292,680 92 — 581 673 2,628 295,981 Income property 1,898,655 2,426 971 — 3,397 4,284 1,906,336 Owner occupied 1,590,004 2,485 468 — 2,953 7,029 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — — — — 25 9,907 Residential construction 187,862 — — — — 1,829 189,691 Commercial and multifamily residential: Income property 293,028 — — — — — 293,028 Owner occupied 72,443 — — — — — 72,443 Consumer 325,928 1,446 702 — 2,148 4,149 332,225 Total $ 8,163,583 $ 10,190 $ 5,444 $ 581 $ 16,215 $ 66,189 $ 8,245,987 |
Impaired Financing Receivables | The following is an analysis of the impaired loans (see Note 1, “Summary of Significant Accounting Policies,” ) as of December 31, 2018 and 2017 : Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2018 (in thousands) Commercial business: Secured $ 3,286,416 $ 26,285 $ 6,350 $ 8,460 $ 2,023 $ 19,935 $ 24,404 Unsecured 112,097 20 20 20 — — — Real estate: One-to-four family residential 235,138 888 325 798 8 563 575 Commercial and multifamily residential: Commercial land 283,451 2,226 — — — 2,226 2,272 Income property 1,917,522 2,954 99 165 1 2,855 3,011 Owner occupied 1,605,042 12,709 3,231 4,666 69 9,478 9,750 Real estate construction: One-to-four family residential: Land and acquisition 4,417 — — — — — — Residential construction 212,396 — — — — — — Commercial and multifamily residential: Income property 194,912 — — — — — — Owner occupied 87,063 — — — — — — Consumer 314,193 4,022 3,326 3,584 31 696 704 Total $ 8,252,647 $ 49,104 $ 13,351 $ 17,693 $ 2,132 $ 35,753 $ 40,716 Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2017 (in thousands) Commercial business: Secured $ 3,195,649 $ 40,012 $ 3,808 $ 3,937 $ 1,867 $ 36,204 $ 42,314 Unsecured 124,150 25 25 24 3 — — Real estate: One-to-four family residential 185,659 895 867 1,408 103 28 337 Commercial and multifamily residential: Commercial land 293,694 2,287 — — — 2,287 2,282 Income property 1,901,313 5,023 2,768 3,328 185 2,255 2,601 Owner occupied 1,591,298 8,688 77 80 3 8,611 10,077 Real estate construction: One-to-four family residential Land and acquisition 9,907 — — — — — — Residential construction 188,481 1,210 — — — 1,210 1,210 Commercial and multifamily residential: Income property 293,028 — — — — — — Owner occupied 68,393 4,050 — — — 4,050 4,050 Consumer 325,210 7,015 5,303 5,568 199 1,712 1,864 Total $ 8,176,782 $ 69,205 $ 12,848 $ 14,345 $ 2,360 $ 56,357 $ 64,735 The following table provides additional information on impaired loans for the years ended December 31, 2018 , 2017 and 2016 : Years Ended December 31, 2018 2017 2016 Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized (in thousands) Commercial business Secured $ 39,701 $ 81 $ 20,282 $ 60 $ 9,368 $ 79 Unsecured 191 2 5 — — — Real estate: One-to-four family residential 748 42 730 49 743 10 Commercial & multifamily residential Commercial land 2,371 34 2,079 — 425 — Income property 3,284 130 4,314 51 2,492 26 Owner occupied 9,730 720 5,335 445 5,084 — Real estate construction: One-to-four family residential Land and acquisition — — 3 — 199 — Residential construction 484 — 309 — 472 — Commercial & multifamily residential Owner occupied 3,240 — 1,620 203 — — Consumer 5,712 129 5,973 163 2,710 122 Total $ 65,461 $ 1,138 $ 40,650 $ 971 $ 21,493 $ 237 |
Analysis of loans classified as Troubled Debt Restructurings (“TDR”) | The following is an analysis of loans classified as troubled debt restructurings (“TDR”) for the years ended December 31, 2018 , 2017 and 2016 : Years Ended December 31, 2018 2017 2016 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 12 $ 18,379 $ 18,379 10 $ 5,655 $ 5,655 9 $ 2,131 $ 2,131 Unsecured — — — 1 26 26 — — — Real estate: One-to-four family residential — — — 3 583 583 3 203 203 Commercial and multifamily residential: Commercial land — — — 1 687 687 — — — Income property 1 891 891 1 1,152 1,152 — — — Owner occupied — — — 1 78 78 1 250 250 Commercial and multifamily residential: Owner occupied — — — 1 4,050 4,050 — — — Consumer 21 2,777 2,777 42 5,891 5,891 41 5,095 5,093 Total 34 $ 22,047 $ 22,047 60 $ 18,122 $ 18,122 54 $ 7,679 $ 7,677 |
Purchased Credit Impaired Loans [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Analysis of Loan Portfolio by Major Types of Loans | The following is an analysis of our PCI loans, net of related allowance for losses and remaining valuation discounts as of December 31, 2018 and 2017 : December 31, 2018 2017 (in thousands) Commercial business $ 9,672 $ 13,753 Real estate: One-to-four family residential 9,848 14,610 Commercial and multifamily residential 66,340 79,211 Total real estate 76,188 93,821 Real estate construction: One-to-four family residential 153 177 Commercial and multifamily residential 507 595 Total real estate construction 660 772 Consumer 9,765 12,412 Subtotal of purchased credit impaired loans 96,285 120,758 Less: Valuation discount resulting from acquisition accounting 6,525 8,088 Allowance for loan losses 3,611 6,907 PCI loans, net of valuation discounts and allowance for loan losses $ 86,149 $ 105,763 |
Changes in Accretable Yield for Acquired Loans [Table Text Block] | The following table shows the changes in accretable yield for acquired loans for the years ended December 31, 2018 , 2017 , and 2016 : Years Ended December 31, 2018 2017 2016 (in thousands) Balance at beginning of period $ 31,176 $ 45,191 $ 58,981 Accretion (8,194 ) (12,357 ) (16,266 ) Disposals (387 ) (158 ) (148 ) Reclassifications from (to) nonaccretable difference (646 ) (1,500 ) 2,624 Balance at end of period $ 21,949 $ 31,176 $ 45,191 |
Allowance for Loan and Lease _2
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |
Changes in the Allowance for Loan and Lease Losses | The following tables show a detailed analysis of the allowance for loans for the years ended December 31, 2018 , 2017 and 2016 : Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Year Ended December 31, 2018 (in thousands) Commercial business: Secured $ 29,341 $ (11,560 ) $ 3,024 $ 22,383 $ 43,188 $ 2,023 $ 41,165 Unsecured 2,000 (159 ) 403 382 2,626 — 2,626 Real estate: One-to-four family residential 701 — 408 (516 ) 593 8 585 Commercial and multifamily residential: Commercial land 4,265 — 99 (417 ) 3,947 — 3,947 Income property 5,672 (780 ) 912 (1,760 ) 4,044 1 4,043 Owner occupied 5,459 — 20 (946 ) 4,533 69 4,464 Real estate construction: One-to-four family residential: Land and acquisition 963 — 726 (1,140 ) 549 — 549 Residential construction 3,709 — 890 937 5,536 — 5,536 Commercial and multifamily residential: Income property 7,053 — — (1,269 ) 5,784 — 5,784 Owner occupied 4,413 — — (1,809 ) 2,604 — 2,604 Consumer 5,163 (1,194 ) 1,180 152 5,301 31 5,270 Purchased credit impaired 6,907 (4,862 ) 3,847 (2,281 ) 3,611 — 3,611 Unallocated — — — 1,053 1,053 — 1,053 Total $ 75,646 $ (18,555 ) $ 11,509 $ 14,769 $ 83,369 $ 2,132 $ 81,237 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Year Ended December 31, 2017 (in thousands) Commercial business: Secured $ 36,050 $ (7,524 ) $ 4,283 $ (3,468 ) $ 29,341 $ 1,867 $ 27,474 Unsecured 960 (89 ) 553 576 2,000 3 1,997 Real estate: One-to-four family residential 599 (460 ) 568 (6 ) 701 103 598 Commercial and multifamily residential: Commercial land 1,797 — 53 2,415 4,265 — 4,265 Income property 7,342 (287 ) 498 (1,881 ) 5,672 185 5,487 Owner occupied 6,439 — 124 (1,104 ) 5,459 3 5,456 Real estate construction: One-to-four family residential: Land and acquisition 316 (14 ) 72 589 963 — 963 Residential construction 669 — 106 2,934 3,709 — 3,709 Commercial and multifamily residential: Income property 404 — 1 6,648 7,053 — 7,053 Owner occupied 1,192 — — 3,221 4,413 — 4,413 Consumer 3,534 (1,474 ) 1,187 1,916 5,163 199 4,964 Purchased credit impaired 10,515 (6,812 ) 6,187 (2,983 ) 6,907 — 6,907 Unallocated 226 — — (226 ) — — — Total $ 70,043 $ (16,660 ) $ 13,632 $ 8,631 $ 75,646 $ 2,360 $ 73,286 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Year Ended December 31, 2016 (in thousands) Commercial business: Secured $ 32,321 $ (9,993 ) $ 2,483 $ 11,239 $ 36,050 $ 664 $ 35,386 Unsecured 1,299 (75 ) 162 (426 ) 960 — 960 Real estate: One-to-four family residential 916 (35 ) 171 (453 ) 599 12 587 Commercial and multifamily residential: Commercial land 1,178 (26 ) 2 643 1,797 — 1,797 Income property 6,616 — 966 (240 ) 7,342 27 7,315 Owner occupied 5,550 (63 ) 434 518 6,439 — 6,439 Real estate construction: One-to-four family residential: Land and acquisition 339 (88 ) 57 8 316 1 315 Residential construction 733 — 234 (298 ) 669 — 669 Commercial and multifamily residential: Income property 388 — 109 (93 ) 404 — 404 Owner occupied 1,006 — — 186 1,192 — 1,192 Consumer 3,531 (1,238 ) 933 308 3,534 57 3,477 Purchased credit impaired 13,726 (9,944 ) 7,004 (271 ) 10,515 — 10,515 Unallocated 569 — — (343 ) 226 — 226 Total $ 68,172 $ (21,462 ) $ 12,555 $ 10,778 $ 70,043 $ 761 $ 69,282 |
Changes in the Allowance for Unfunded Commitments and Letters of Credit | Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows: Years Ended December 31, 2018 2017 2016 (in thousands) Beginning balance $ 3,130 $ 2,705 $ 2,930 Net changes in the allowance for unfunded commitments and letters of credit 1,200 425 (225 ) Ending balance $ 4,330 $ 3,130 $ 2,705 |
Financing Receivable Credit Quality Indicators [Table Text Block] | The following is an analysis of the credit quality of our loan portfolio, excluding PCI loans as of December 31, 2018 and 2017 : Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) Loans, excluding PCI loans Commercial business: Secured $ 3,160,910 $ 48,779 $ 103,007 $ 5 $ — $ 3,312,701 Unsecured 112,091 21 — 5 — 112,117 Real estate: One-to-four family residential 234,416 — 1,610 — — 236,026 Commercial and multifamily residential: Commercial land 276,348 5,082 4,247 — — 285,677 Income property 1,876,925 36,998 6,553 — — 1,920,476 Owner occupied 1,556,852 14,964 45,935 — — 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — 318 — — 4,417 Residential construction 212,225 — 171 — — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — 194,912 Owner occupied 87,063 — — — — 87,063 Consumer 313,817 — 4,398 — — 318,215 Total $ 8,029,658 $ 105,844 $ 166,239 $ 10 $ — 8,301,751 Less: Allowance for loan losses 79,758 Loans, excluding PCI loans, net $ 8,221,993 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) Loans, excluding PCI loans Commercial business: Secured $ 3,049,031 $ 64,600 $ 122,030 $ — $ — $ 3,235,661 Unsecured 123,621 — 554 — — 124,175 Real estate: One-to-four family residential 183,312 1,186 2,056 — — 186,554 Commercial and multifamily residential: Commercial land 283,673 5,204 7,104 — — 295,981 Income property 1,857,832 17,181 31,323 — — 1,906,336 Owner occupied 1,546,775 7,380 45,831 — — 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — 25 — — 9,907 Residential construction 187,863 — 1,828 — — 189,691 Commercial and multifamily residential: Income property 293,028 — — — — 293,028 Owner occupied 68,393 — 4,050 — — 72,443 Consumer 323,129 — 9,096 — — 332,225 Total $ 7,926,539 $ 95,551 $ 223,897 $ — $ — 8,245,987 Less: Allowance for loan losses 68,739 Loans, excluding PCI loans, net $ 8,177,248 The following is an analysis of the credit quality of our PCI loan portfolio as of December 31, 2018 and 2017 : Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) PCI loans: Commercial business: Secured $ 8,041 $ — $ 840 $ — $ — $ 8,881 Unsecured 692 — 99 — — 791 Real estate: One-to-four family residential 9,633 — 215 — — 9,848 Commercial and multifamily residential: Commercial land 10,363 — — — — 10,363 Income property 19,680 — — — — 19,680 Owner occupied 35,944 — 353 — — 36,297 Real estate construction: One-to-four family residential: Land and acquisition 151 — 2 — — 153 Residential construction — — — — — — Commercial and multifamily residential: Income property 507 — — — — 507 Owner occupied — — — — — — Consumer 9,326 — 439 — — 9,765 Total $ 94,337 $ — $ 1,948 $ — $ — 96,285 Less: Valuation discount resulting from acquisition accounting 6,525 Allowance for loan losses 3,611 PCI loans, net $ 86,149 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) PCI loans: Commercial business: Secured $ 11,918 $ — $ 723 $ — $ — $ 12,641 Unsecured 1,045 — 67 — — 1,112 Real estate: One-to-four family residential 13,817 — 793 — — 14,610 Commercial and multifamily residential: Commercial land 9,460 349 — — — 9,809 Income property 25,981 — 35 — — 26,016 Owner occupied 42,617 — 769 — — 43,386 Real estate construction: One-to-four family residential: Land and acquisition 169 — 8 — — 177 Residential construction — — — — — — Commercial and multifamily residential: Income property 595 — — — — 595 Owner occupied — — — — — — Consumer 11,705 — 707 — — 12,412 Total $ 117,307 $ 349 $ 3,102 $ — $ — 120,758 Less: Valuation discount resulting from acquisition accounting 8,088 Allowance for loan losses 6,907 PCI loans, net $ 105,763 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |
Summary of Other Real Estate Owned | The following table sets forth activity in OREO for the periods indicated: Years Ended December 31, 2018 2017 (in thousands) Balance, beginning of period $ 13,298 $ 5,998 Established through acquisitions — 10,279 Transfers in 1,200 106 Valuation adjustments (698 ) (364 ) Proceeds from sale of OREO property (7,261 ) (2,590 ) Loss on sale of OREO, net (520 ) (131 ) Balance, end of period $ 6,019 $ 13,298 |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | Real and personal property and software, less accumulated depreciation and amortization, were as follows: December 31, 2018 2017 (in thousands) Land $ 54,185 $ 54,510 Buildings 108,890 110,216 Leasehold improvements 27,859 24,184 Furniture and equipment 32,292 30,486 Vehicles 511 473 Computer software 19,358 20,384 Total cost 243,095 240,253 Less accumulated depreciation and amortization (74,307 ) (70,763 ) Total $ 168,788 $ 169,490 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill and Intangible Assets | The following table sets forth activity for goodwill and other intangible assets for the periods indicated: Years Ended December 31, 2018 2017 2016 (in thousands) Goodwill, beginning of period $ 765,842 $ 382,762 $ 382,762 Established through acquisitions (1) — 383,080 — Total goodwill, end of period 765,842 765,842 382,762 Other intangible assets, net Core deposit intangible: Gross core deposit intangible balance, beginning of period 105,473 58,598 58,598 Accumulated amortization, beginning of period (48,219 ) (41,886 ) (35,940 ) Core deposit intangible, net, beginning of period 57,254 16,712 22,658 Established through acquisition (1) — 46,875 — CDI current period amortization (12,236 ) (6,333 ) (5,946 ) Total core deposit intangible, end of period 45,018 57,254 16,712 Intangible assets not subject to amortization 919 919 919 Other intangible assets, net at end of period 45,937 58,173 17,631 Total goodwill and intangible assets, end of period $ 811,779 $ 824,015 $ 400,393 __________ (1) See Note 2, “Business Combinations,” for additional information regarding the goodwill related to the acquisition of Pacific Continental on November 1, 2017. |
Estimated Future Amortization Expense of Core Deposit Intangibles | The following table provides the estimated future amortization expense of core deposit intangibles for the succeeding five years: Years Ending December 31, (in thousands) 2019 $ 10,479 2020 8,724 2021 7,264 2022 5,880 2023 4,552 |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Deposits [Abstract] | |
Schedule Of Deposits | Year-end deposits are summarized in the following table: December 31, 2018 2017 (in thousands) Core deposits: Demand and other noninterest-bearing $ 5,227,216 $ 5,081,901 Interest-bearing demand 1,244,254 1,265,212 Money market 2,367,964 2,543,712 Savings 890,557 861,941 Certificates of deposit, less than $250,000 243,849 286,791 Total core deposits 9,973,840 10,039,557 Certificates of deposit, $250,000 or more 89,473 100,399 Certificates of deposit insured by CDARS ® (1) 23,580 25,374 Brokered certificates of deposit 57,930 78,481 Reciprocal money market accounts (1) 313,692 289,031 Subtotal 10,458,515 10,532,842 Valuation adjustment resulting from acquisition accounting (389 ) (757 ) Total deposits $ 10,458,126 $ 10,532,085 (1) For periods prior to June 30, 2018, CDARS and reciprocal money market accounts were considered to be brokered deposits by regulatory authorities and were reported as such on quarterly Call Reports. With the passage of the The Economic Growth, Regulatory Relief and Consumer Protection Act in May 2018, these items are no longer considered brokered deposits. |
Schedule Of Time Deposits Maturity | The following table shows the amount and maturity of time deposits: Years Ending December 31, (in thousands) 2019 $ 292,334 2020 71,405 2021 23,604 2022 12,761 2023 10,820 Thereafter 3,908 Total $ 414,832 |
Federal Home Loan Bank and Fe_2
Federal Home Loan Bank and Federal Reserve Bank Borrowings (Tables) - Federal Home Loan Bank Advances [Member] | 12 Months Ended |
Dec. 31, 2018 | |
Debt Instrument [Line Items] | |
Schedule of Maturities of Long-term Debt | At December 31, 2018 , FHLB advances were scheduled to mature as follows: Federal Home Loan Bank Advances Weighted Average Rate Amount (dollars in thousands) Within 1 year 2.64 % $ 392,000 Over 1 through 5 years 3.85 % 2,000 Due after 10 years 5.37 % 5,000 Total 399,000 Valuation adjustment from acquisition accounting 523 Total $ 399,523 |
Debt Instrument Activity For Year | The maximum, average outstanding and year-end balances and average interest rates on advances from the FHLB were as follows for the years ended December 31, 2018 , 2017 and 2016 : Years ended December 31, 2018 2017 2016 (dollars in thousands) Balance at end of period $ 399,523 $ 11,579 $ 6,493 Average balance during period $ 166,563 $ 79,788 $ 79,673 Maximum month-end balance during period $ 399,523 $ 317,480 $ 250,515 Weighted average rate during period 2.29 % 1.33 % 0.80 % Weighted average rate at December 31 2.68 % 4.08 % 5.42 % |
Schedule of Financial Instruments Owned and Pledged as Collateral |
Derivatives and Balance Sheet_2
Derivatives and Balance Sheet Offsetting (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Derivative [Line Items] | |
Balance Sheet Offsetting [Table Text Block] | The following tables show the gross interest rate swap agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments, which are generally marketable securities. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown. Gross Amounts of Recognized Assets/Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Collateral Posted Net Amount December 31, 2018 (in thousands) Assets Interest rate contracts $ 7,033 $ — $ 7,033 $ — $ 7,033 Liabilities Interest rate contracts $ 7,033 $ — $ 7,033 $ (3,235 ) $ 3,798 Repurchase agreements $ 61,094 $ — $ 61,094 $ (61,094 ) $ — December 31, 2017 Assets Interest rate contracts $ 6,707 $ — $ 6,707 $ — $ 6,707 Liabilities Interest rate contracts $ 6,714 $ — $ 6,714 $ (6,714 ) $ — Repurchase agreements $ 79,059 $ — $ 79,059 $ (79,059 ) $ — |
Not Designated as Hedging Instrument [Member] | |
Derivative [Line Items] | |
Schedule of Fair Value Derivative Instruments | The following table presents the fair value and balance sheet classification of derivatives not designated as hedging instruments at December 31, 2018 and 2017 : Asset Derivatives Liability Derivatives 2018 2017 2018 2017 Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value (in thousands) Interest rate contracts Other assets $ 7,033 Other assets $ 6,707 Other liabilities $ 7,033 Other liabilities $ 6,714 |
Available-for-sale Securities [Member] | |
Derivative [Line Items] | |
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements: Remaining contractual maturity of the agreements Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total December 31, 2018 (in thousands) Class of collateral pledged for repurchase agreements U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 61,094 $ — $ — $ — $ 61,094 Gross amount of recognized liabilities for repurchase agreements 61,094 Amounts related to agreements not included in offsetting disclosure $ — |
Employee Benefit Plans (Tables)
Employee Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Employee Benefit [Line Items] | |
Schedule of Accumulated and Projected Benefit Obligations | The following table reconciles the accumulated liability for the projected benefit obligation: December 31, 2018 2017 (in thousands) Balance, beginning of year $ 20,553 $ 26,263 Change in actuarial gain (31 ) (6,453 ) Plan amendments — 148 Benefit expense 1,701 1,600 Benefit payments (936 ) (1,005 ) Balance, end of year $ 21,287 $ 20,553 |
SERP [Member] | |
Employee Benefit [Line Items] | |
Schedule of Expected Benefit Payments | The benefits expected to be paid in conjunction with the SERP are presented in the following table: Years Ending December 31, (in thousands) 2019 $ 963 2020 1,971 2021 2,095 2022 1,135 2023 1,236 2024 through 2028 8,236 Total $ 15,636 |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Rental Payments for Operating Leases | As of December 31, 2018 , minimum future rental payments, exclusive of taxes and other charges, of these leases were: Years Ending December 31, (in thousands) 2019 $ 10,947 2020 9,766 2021 8,729 2022 8,102 2023 6,796 Thereafter 18,703 Total minimum payments $ 63,043 |
Shareholders' Equity Dividends
Shareholders' Equity Dividends declared (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Equity [Abstract] | |
Dividends, Common Stock, Cash | The following summarizes the dividend activity for the year ended December 31, 2018 : Declared Regular Cash Dividends Per Common Share Special Cash Dividends Per Common Share Record Date Paid Date January 25, 2018 $ 0.22 $ — February 7, 2018 February 21, 2018 April 25, 2018 $ 0.26 $ — May 9, 2018 May 23, 2018 July 25, 2018 $ 0.26 $ — August 8, 2018 August 22, 2018 October 25, 2018 $ 0.26 $ 0.14 November 7, 2018 November 21, 2018 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accumulated Other Comprehensive Income [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table shows changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2018 , 2017 and 2016 : Unrealized Gains and Losses on Available for Sale Securities (1) Unrealized Gains and Losses on Pension Plan Liability (1) Total (1) Year Ended December 31, 2018 (in thousands) Beginning balance $ (19,779 ) $ (2,446 ) $ (22,225 ) Adjustment pursuant to adoption of ASU 2016-01 157 — 157 Other comprehensive income (loss) before reclassifications (13,425 ) 24 (13,401 ) Amounts reclassified from accumulated other comprehensive loss (2) (81 ) 245 164 Net current-period other comprehensive income (loss) (13,506 ) 269 (13,237 ) Ending balance $ (33,128 ) $ (2,177 ) $ (35,305 ) Year Ended December 31, 2017 Beginning balance $ (12,704 ) $ (6,295 ) $ (18,999 ) Other comprehensive income (loss) before reclassifications (3,391 ) 4,017 626 Amounts reclassified from accumulated other comprehensive loss (2) 7 223 230 Net current-period other comprehensive income (loss) (3,384 ) 4,240 856 Adjustment pursuant to adoption of ASU 2018-02 (3,691 ) (391 ) (4,082 ) Ending balance $ (19,779 ) $ (2,446 ) $ (22,225 ) Year Ended December 31, 2016 Beginning balance $ 386 $ (6,681 ) $ (6,295 ) Other comprehensive loss before reclassifications (12,338 ) (39 ) (12,377 ) Amounts reclassified from accumulated other comprehensive loss (2) (752 ) 425 (327 ) Net current-period other comprehensive income (loss) (13,090 ) 386 (12,704 ) Ending balance $ (12,704 ) $ (6,295 ) $ (18,999 ) __________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. (2) See following table for details about these reclassifications. |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The following table shows details regarding the reclassifications from accumulated other comprehensive income for the years ended December 31, 2018 , 2017 and 2016 : Amount Reclassified from Accumulated Other Comprehensive Income Affected line Item in the Consolidated Statement of Income Years Ended December 31, 2018 2017 2016 (in thousands) Unrealized gains and losses on available for sale debt securities $ 106 $ (11 ) $ 1,181 Investment securities gains (losses), net 106 (11 ) 1,181 Total before tax (25 ) 4 (429 ) Income tax benefit (provision) $ 81 $ (7 ) $ 752 Net of tax Amortization of pension plan liability $ (319 ) $ (350 ) $ (668 ) Compensation and employee benefits (319 ) (350 ) (668 ) Total before tax 74 127 243 Income tax benefit $ (245 ) $ (223 ) $ (425 ) Net of tax |
Fair Value Accounting and Mea_2
Fair Value Accounting and Measurement (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Inputs, Assets, Quantitative Information | The range and weighted average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets during 2018 and 2017 , along with the valuation techniques used, are shown in the following tables: Fair value at Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (2) $ 8,394 Fair Market Value of Collateral Adjustment to Stated Value 0.00% - 70.04% (7.02%) Impaired loans - other (3) $ 3,161 Discounted Cash Flow Discount Rate 0.34 % __________ (1) Discount rate applied to discounted cash flow valuation or appraisal value and stated value (in the case of fixed assets and inventory). (2) Collateral consists of accounts receivable, inventory, fixed assets, real estate and cash. (3) As there was only one impaired loan remeasured using discounted cash flows, a range of discounts could not be provided. Fair value at Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (3) $ 3,519 Fair Market Value of Collateral Adjustment to Stated Value N/A (2) Impaired loans - other $ 3,058 Discounted Cash Flow Discount Rate 3.75% - 7.75% (4.12%) OREO $ 1,423 Fair Market Value of Collateral Adjustment to Appraisal Value N/A (2) __________ (1) Discount rate used in discounted cash flow valuation. (2) Quantitative disclosures are not provided for collateral-dependent impaired loans and OREO because there were no adjustments made to the appraisal values or stated values during the current period. (3) Collateral consists of real property and a government agency guarantee. The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2018 and 2017 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: Fair value at Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 (in thousands) Assets Debt securities available for sale U.S. government agency and sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 2,188,290 $ — $ 2,188,290 $ — State and municipal securities 574,323 — 574,323 — U.S. government agency and government-sponsored enterprise securities 404,587 — 404,587 — U.S. government securities 248 248 — — Total debt securities available for sale $ 3,167,448 $ 248 $ 3,167,200 $ — Other assets (Interest rate contracts) $ 7,033 $ — $ 7,033 $ — Liabilities Other liabilities (Interest rate contracts) $ 7,033 $ — $ 7,033 $ — Fair value at Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 (in thousands) Assets Debt securities available for sale U.S. government agency and sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 1,726,725 $ — $ 1,726,725 $ — State and municipal debt securities 596,004 — 596,004 — U.S. government agency and government-sponsored enterprise securities 414,774 — 414,774 — U.S. government securities 248 248 — — Total debt securities available for sale $ 2,737,751 $ 248 $ 2,737,503 $ — Equity securities $ 5,080 $ 5,080 $ — $ — Other assets (Interest rate contracts) $ 6,707 $ — $ 6,707 $ — Liabilities Other liabilities (Interest rate contracts) $ 6,714 $ — $ 6,714 $ — |
Financial Assets Accounted For Fair Value On Nonrecurring Basis | The following table sets forth the Company’s assets that were measured using fair value estimates on a nonrecurring basis during the years ended December 31, 2018 and 2017 : Fair value at Fair Value Measurements at Reporting Date Using Losses During the Year Ended Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 11,555 $ — $ — $ 11,555 $ 1,821 $ 11,555 $ — $ — $ 11,555 $ 1,821 Fair value at Fair Value Measurements at Reporting Date Using Losses During the Year Ended Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 6,577 $ — $ — $ 6,577 $ 2,507 OREO 1,423 — — 1,423 239 $ 8,000 $ — $ — $ 8,000 $ 2,746 |
Fair Value, by Balance Sheet Grouping | The following tables summarize carrying amounts and estimated fair values of selected financial instruments for the periods indicated: December 31, 2018 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 260,180 $ 260,180 $ 260,180 $ — $ — Interest-earning deposits with banks 17,407 17,407 17,407 — — Debt securities available for sale 3,167,448 3,167,448 248 3,167,200 — Federal Home Loan Bank stock 25,960 25,960 — 25,960 — Loans held for sale 3,849 3,849 — 3,849 — Loans 8,308,142 8,316,946 — — 8,316,946 Interest rate contracts 7,033 7,033 — 7,033 — Liabilities Time deposits $ 414,443 $ 407,659 $ — $ 407,659 $ — Federal Home Loan Bank advances 399,523 400,085 — 400,085 — Repurchase agreements 61,094 61,094 — 61,094 — Subordinated debentures 35,462 34,897 — 34,897 — Interest rate contracts 7,033 7,033 — 7,033 — December 31, 2017 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 244,615 $ 244,615 $ 244,615 $ — $ — Interest-earning deposits with banks 97,918 97,918 97,918 — — Debt securities available for sale 2,737,751 2,737,751 248 2,737,503 — Equity securities 5,080 5,080 5,080 — — Federal Home Loan Bank stock 10,440 10,440 — 10,440 — Loans held for sale 5,766 5,766 — 5,766 — Loans 8,283,011 8,055,817 — — 8,055,817 Interest rate contracts 6,707 6,707 — 6,707 — Liabilities Time deposits $ 490,288 $ 483,095 $ — $ 483,095 $ — Federal Home Loan Bank advances 11,579 12,281 — 12,281 — Repurchase agreements 79,059 79,070 — 79,070 — Subordinated debentures 35,647 35,895 — 35,895 — Junior subordinated debentures 8,248 8,248 — 8,248 — Interest rate contracts 6,714 6,714 — 6,714 — |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the periods indicated: Years Ended December 31, 2018 2017 2016 (in thousands except per share amounts) Basic EPS: Net income $ 172,882 $ 112,828 $ 104,866 Less: Earnings allocated to participating securities Preferred shares — 3 185 Nonvested restricted shares 1,892 1,501 1,371 Earnings allocated to common shareholders $ 170,990 $ 111,324 $ 103,310 Weighted average common shares outstanding 72,385 59,882 57,184 Basic earnings per common share $ 2.36 $ 1.86 $ 1.81 Diluted EPS: Earnings allocated to common shareholders $ 170,990 $ 111,324 $ 103,310 Weighted average common shares outstanding 72,385 59,882 57,184 Dilutive effect of equity awards and warrants 5 6 9 Weighted average diluted common shares outstanding 72,390 59,888 57,193 Diluted earnings per common share $ 2.36 $ 1.86 $ 1.81 Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive 4 13 19 |
Share-Based Payments (Tables)
Share-Based Payments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Nonvested Share Activity | A summary of changes in the Company’s nonvested shares and related information for the years ended December 31, 2018 , 2017 and 2016 is presented below: Shares Weighted Nonvested at January 1, 2016 665,702 $ 25.80 Granted 335,593 $ 28.40 Vested (153,235 ) $ 23.80 Forfeited (29,305 ) $ 27.13 Nonvested at December 31, 2016 818,755 $ 27.19 Granted 337,384 $ 38.51 Vested (253,509 ) $ 25.67 Forfeited (96,924 ) $ 28.97 Nonvested at December 31, 2017 805,706 $ 32.23 Granted 306,592 $ 41.47 Vested (237,146 ) $ 28.78 Forfeited (61,012 ) $ 35.92 Nonvested at December 31, 2018 814,140 $ 36.43 |
Schedule of Share-based Compensation, Stock Options, Activity | A summary of option activity under the Plan as of December 31, 2018 , and changes during the year then ended is presented below: Shares Weighted Weighted Aggregate Balance at December 31, 2017 18,326 $ 38.88 Expired (11,700 ) $ 54.63 Exercised (1,112 ) $ 16.84 Balance at December 31, 2018 5,514 $ 9.91 0.3 $ 145 Vested or expected to vest at December 31, 2018 5,514 $ 9.91 0.3 $ 145 Total Exercisable at December 31, 2018 5,514 $ 9.91 0.3 $ 145 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range | As of December 31, 2018 , outstanding stock options consist of the following: Ranges of Number of Weighted Average Weighted Average Number of Weighted Average $0.00 - $9.99 5,514 0.3 $ 9.91 5,514 $ 9.91 |
Income Tax (Tables)
Income Tax (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense are as follows: Years Ended December 31, 2018 2017 2016 (in thousands) Current expense Federal $ 33,400 $ 39,708 $ 41,365 State 5,446 3,016 1,704 Total current tax expense $ 38,846 $ 42,724 $ 43,069 Deferred tax expense (benefit) Federal $ (291 ) $ 21,524 $ 550 State 399 907 1,296 Total deferred tax expense 108 22,431 1,846 Total $ 38,954 $ 65,155 $ 44,915 |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows: December 31, 2018 2017 (in thousands) Deferred tax assets: Allowance for loan and lease losses $ 20,578 $ 18,315 Deferred compensation 9,501 9,539 Stock options and restricted stock 1,850 1,438 OREO 288 521 Nonaccrual interest 446 163 Unrealized loss on investment securities 10,129 5,992 Net operating losses and credit carryforwards 5,356 7,259 Other 733 985 Total deferred tax assets 48,881 44,212 Deferred tax liabilities: Asset purchase tax basis difference (7,229 ) (5,709 ) Federal Home Loan Bank stock dividends (790 ) (782 ) Deferred loan fees (4,399 ) (4,505 ) Purchase accounting (9,245 ) (9,088 ) Depreciation (2,609 ) (1,581 ) Other (195 ) (2,036 ) Total deferred tax liabilities (24,467 ) (23,701 ) Net deferred tax asset $ 24,414 $ 20,511 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the Company’s effective income tax rate with the federal statutory tax rate is as follows: Years Ended December 31, 2018 2017 2016 Amount Percent Amount Percent Amount Percent (dollars in thousands) Income tax based on statutory rate $ 44,485 21 % $ 62,262 35 % $ 52,424 35 % Increase (decrease) resulting from: Tax exempt instruments (6,423 ) (3 )% (8,485 ) (5 )% (7,433 ) (5 )% Bank owned life insurance (1,261 ) (1 )% (3,351 ) (2 )% (1,680 ) (1 )% Acquisition costs — — % 825 1 % — — % Deferred tax asset revaluation — — % 12,210 7 % — — % State income tax, net of federal benefit 4,931 2 % 2,550 1 % 1,950 1 % Other, net (2,778 ) (1 )% (856 ) — % (346 ) — % Income tax provision $ 38,954 18 % $ 65,155 37 % $ 44,915 30 % |
Regulatory Capital Requiremen_2
Regulatory Capital Requirements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Regulatory Capital Requirements [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | As of December 31, 2018 , the most recent notification from the Federal Deposit Insurance Corporation categorized Columbia Bank as well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well- capitalized, an institution must maintain minimum CET1 risk-based, Tier 1 risk-based, total risk-based and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since the notification that management believes have changed Columbia Bank’s category. The Company and its banking subsidiary’s actual capital amounts and ratios as of December 31, 2018 and 2017 are presented in the following table: Actual Minimum Required Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2018 CET1 Capital (to risk-weighted assets): The Company $ 1,253,394 12.7401 % $ 442,717 4.50 % $ 627,182 6.38 % $ 688,670 7.00 % N/A N/A Columbia Bank $ 1,274,317 12.9576 % $ 442,552 4.50 % $ 626,948 6.38 % $ 688,414 7.00 % $ 639,241 6.50 % Tier 1 Capital (to risk-weighted assets): The Company $ 1,253,394 12.7401 % $ 590,289 6.00 % $ 774,754 7.88 % $ 836,243 8.50 % N/A N/A Columbia Bank $ 1,274,317 12.9576 % $ 590,069 6.00 % $ 774,465 7.88 % $ 835,931 8.50 % $ 786,759 8.00 % Total Capital (to risk-weighted assets): The Company $ 1,376,555 13.9920 % $ 787,052 8.00 % $ 971,517 9.88 % $ 1,033,006 10.50 % N/A N/A Columbia Bank $ 1,362,016 13.8494 % $ 786,759 8.00 % $ 971,155 9.88 % $ 1,032,621 10.50 % $ 983,448 10.00 % Tier 1 Capital Leverage (to average assets): The Company $ 1,253,394 10.2444 % $ 489,399 4.00 % $ 489,399 4.00 % $ 489,399 4.00 % N/A N/A Columbia Bank $ 1,274,317 10.4185 % $ 489,254 4.00 % $ 489,254 4.00 % $ 489,254 4.00 % $ 611,567 5.00 % December 31, 2017 CET1 Capital (to risk-weighted assets): The Company $ 1,158,252 11.7421 % $ 443,886 4.50 % $ 567,187 5.75 % $ 690,489 7.00 % N/A N/A Columbia Bank $ 1,184,476 12.0133 % $ 443,687 4.50 % $ 566,933 5.75 % $ 690,180 7.00 % $ 640,881 6.50 % Tier 1 Capital (to risk-weighted assets): The Company $ 1,165,903 11.8196 % $ 591,848 6.00 % $ 715,149 7.25 % $ 838,451 8.50 % N/A N/A Columbia Bank $ 1,184,476 12.0133 % $ 591,582 6.00 % $ 714,829 7.25 % $ 838,075 8.50 % $ 788,777 8.00 % Total Capital (to risk-weighted assets): The Company $ 1,280,326 12.9796 % $ 789,130 8.00 % $ 912,432 9.25 % $ 1,035,734 10.50 % N/A N/A Columbia Bank $ 1,263,252 12.8123 % $ 788,777 8.00 % $ 912,023 9.25 % $ 1,035,269 10.50 % $ 985,971 10.00 % Tier 1 Capital Leverage (to average assets): The Company $ 1,165,903 10.9611 % $ 425,469 4.00 % $ 425,469 4.00 % $ 425,469 4.00 % N/A N/A Columbia Bank $ 1,184,476 10.8186 % $ 437,939 4.00 % $ 437,939 4.00 % $ 437,939 4.00 % $ 547,423 5.00 % |
Parent Company Financial Info_2
Parent Company Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Balance Sheets - Parent Company Only | Condensed Balance Sheets—Parent Company Only December 31, 2018 2017 (in thousands) Assets Cash and due from banking subsidiary $ 945 $ 533 Interest-earning deposits 7,226 8,765 Total cash and cash equivalents 8,171 9,298 Investment in banking subsidiary 2,049,855 1,971,788 Investment in other subsidiaries 5,312 5,157 Goodwill 4,729 4,729 Other assets 1,595 3,426 Total assets $ 2,069,662 $ 1,994,398 Liabilities and Shareholders’ Equity Subordinated debentures $ 35,462 $ 35,647 Junior subordinated debentures — 8,248 Other liabilities 551 581 Total liabilities 36,013 44,476 Shareholders’ equity 2,033,649 1,949,922 Total liabilities and shareholders’ equity $ 2,069,662 $ 1,994,398 |
Condensed Statements of Income - Parent Company Only | Condensed Statements of Income—Parent Company Only Years Ended December 31, 2018 2017 2016 (in thousands) Income Dividend from banking subsidiary $ 85,250 $ 66,800 $ 83,500 Interest-earning deposits 12 2 4 Other income 56 8 8 Total income 85,318 66,810 83,512 Expense Compensation and employee benefits 978 732 543 Subordinated debentures interest expense 1,871 304 — Other borrowings interest expense 4 60 — Other expense 2,058 3,090 1,608 Total expenses 4,911 4,186 2,151 Income before income tax benefit and equity in undistributed earnings of subsidiaries 80,407 62,624 81,361 Income tax benefit (1,017 ) (548 ) (748 ) Income before equity in undistributed earnings of subsidiaries 81,424 63,172 82,109 Equity in undistributed earnings of subsidiaries 91,458 49,656 22,757 Net income $ 172,882 $ 112,828 $ 104,866 |
Condensed Statements of Cash Flows - Parent Company Only | Condensed Statements of Cash Flows—Parent Company Only Years Ended December 31, 2018 2017 2016 (in thousands) Operating Activities Net income $ 172,882 $ 112,828 $ 104,866 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (91,458 ) (49,656 ) (22,757 ) Stock-based compensation expense 8,354 7,745 5,009 Net changes in other assets and liabilities 1,622 1,672 (394 ) Net cash provided by operating activities 91,400 72,589 86,724 Investing Activities Net cash paid in business combinations — (580 ) — Net cash provided by investing activities — (580 ) — Financing Activities Preferred stock dividends — — (157 ) Common stock dividends (83,459 ) (51,308 ) (88,677 ) Repayment of junior subordinated debentures (8,248 ) (6,186 ) — Cash settlement of acquired equity awards — (7,345 ) — Purchase and retirement of common stock (2,677 ) (2,299 ) (1,125 ) Proceeds from exercise of stock options 1,857 1,980 1,349 Excess tax benefit associated with share-based compensation — — 344 Net cash used in financing activities (92,527 ) (65,158 ) (88,266 ) Increase (decrease) in cash and cash equivalents (1,127 ) 6,851 (1,542 ) Cash and cash equivalents at beginning of year 9,298 2,447 3,989 Cash and cash equivalents at end of year $ 8,171 $ 9,298 $ 2,447 Supplemental disclosure of noncash investing and financing activities Share-based consideration issued in business combinations $ — $ 636,385 $ — |
Summary Of Quarterly Financia_2
Summary Of Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Schedule of Quarterly Financial Information | Quarterly financial information for the years ended December 31, 2018 and 2017 is summarized as follows: Fourth Third Second First Year Ended (in thousands, except per share amounts) 2018 Total interest income $ 129,801 $ 127,575 $ 120,549 $ 119,144 $ 497,069 Total interest expense 5,913 4,779 3,875 3,663 18,230 Net interest income 123,888 122,796 116,674 115,481 478,839 Provision for loan and lease losses 1,789 3,153 3,975 5,852 14,769 Noninterest income 20,402 21,019 23,692 23,143 88,256 Noninterest expense 87,019 82,841 84,643 85,987 340,490 Income before income taxes 55,482 57,821 51,748 46,785 211,836 Provision for income taxes 10,734 11,406 9,999 6,815 38,954 Net income $ 44,748 $ 46,415 $ 41,749 $ 39,970 $ 172,882 Per common share (3) Earnings (basic) $ 0.61 $ 0.63 $ 0.57 $ 0.55 $ 2.36 Earnings (diluted) $ 0.61 $ 0.63 $ 0.57 $ 0.55 $ 2.36 2017 Total interest income $ 108,841 $ 90,303 $ 87,786 $ 87,816 $ 374,746 Total interest expense 2,617 1,374 1,625 1,141 6,757 Net interest income 106,224 88,929 86,161 86,675 367,989 Provision (recapture) for loan and lease losses 3,327 (648 ) 3,177 2,775 8,631 Noninterest income 23,581 37,067 24,135 24,859 109,642 Noninterest expense 85,627 67,537 68,867 68,986 291,017 Income before income taxes 40,851 59,107 38,252 39,773 177,983 Provision for income taxes 25,123 18,338 11,120 10,574 65,155 Net income $ 15,728 $ 40,769 $ 27,132 $ 29,199 $ 112,828 Per common share (3) Earnings (basic) $ 0.23 $ 0.70 $ 0.47 $ 0.50 $ 1.86 Earnings (diluted) $ 0.23 $ 0.70 $ 0.47 $ 0.50 $ 1.86 __________ (1) During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. (2) During the third quarter of 2017, Columbia sold its merchant card services portfolio. (3) Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year. |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue [Table Text Block] | The following table shows the disaggregation of revenue from contracts with customers for the period indicated: Year Ended December 31, 2018 (dollars in thousands) Noninterest income: Revenue from contracts with customers: Deposit account and treasury management fees $ 36,072 Card revenue 19,719 Financial services and trust revenue 12,135 Total revenue from contracts with customers 67,926 Other sources of noninterest income 20,330 Total noninterest income $ 88,256 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) | 12 Months Ended | ||
Dec. 31, 2018USD ($)location | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Accounting Policies [Line Items] | |||
FHLB membership stock purchase requirement cap | $ 10,000,000 | ||
Gain on sale of merchant card services portfolio | $ 0 | $ 14,000,000 | $ 0 |
Number Of Branch Locations | location | 150 | ||
Number Of Days Used To Determine Treatment As Cash Equivalent | 90 days | ||
Number of Days of Delinquency at Which Loans Are Categorized As Non Accrual Status | 90 days | ||
Loans and Leases Receivable, Nonaccrual Loans Considered Impaired | $ 500,000 | ||
Loans and Leases Receivable, Loans Evaluated For Impairment On Quarterly Basis, Outstanding | 500,000 | ||
Federal Home Loan Bank stock, par value | $ 100 | ||
Core Deposits [Member] | |||
Accounting Policies [Line Items] | |||
Estimated life of CDI, in years | 10 years | ||
WASHINGTON | |||
Accounting Policies [Line Items] | |||
Number Of Branch Locations | location | 74 | ||
OREGON | |||
Accounting Policies [Line Items] | |||
Number Of Branch Locations | location | 62 | ||
IDAHO | |||
Accounting Policies [Line Items] | |||
Number Of Branch Locations | location | 14 | ||
Vehicles [Member] | |||
Accounting Policies [Line Items] | |||
Property, Plant and Equipment, Estimated Useful Lives | P5Y | ||
Minimum [Member] | Building and Building Improvements [Member] | |||
Accounting Policies [Line Items] | |||
Property, Plant and Equipment, Estimated Useful Lives | P5Y | ||
Minimum [Member] | Furniture and Fixtures [Member] | |||
Accounting Policies [Line Items] | |||
Property, Plant and Equipment, Estimated Useful Lives | P3Y | ||
Minimum [Member] | Software [Member] | |||
Accounting Policies [Line Items] | |||
Property, Plant and Equipment, Estimated Useful Lives | P3Y | ||
Maximum [Member] | Building and Building Improvements [Member] | |||
Accounting Policies [Line Items] | |||
Property, Plant and Equipment, Estimated Useful Lives | P39Y | ||
Maximum [Member] | Furniture and Fixtures [Member] | |||
Accounting Policies [Line Items] | |||
Property, Plant and Equipment, Estimated Useful Lives | P7Y | ||
Maximum [Member] | Software [Member] | |||
Accounting Policies [Line Items] | |||
Property, Plant and Equipment, Estimated Useful Lives | P5Y | ||
Accounting Standards Update 2016-02 [Member] | |||
Accounting Policies [Line Items] | |||
New Accounting Pronouncement, Early Adoption [Table Text Block] | $ 49,200,000 | ||
Expected change in other liabilities due to adoption of new ASU | 48,200,000 | ||
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 1,000,000 | ||
Accounting Standards Update 2018-02 [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | ||
Accounting Standards Update 2018-02 [Member] | Retained Earnings [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | 4,082,000 | ||
Accounting Standards Update 2016-09 [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | 67,000 | ||
Accounting Standards Update 2016-09 [Member] | Retained Earnings [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | (117,000) | ||
Accounting Standards Update 2016-09 [Member] | Common Stock [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 184,000 | ||
Accounting Standards Update 2016-01 [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | ||
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member] | |||
Accounting Policies [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (157,000) |
Business Combinations (Details)
Business Combinations (Details) - USD ($) $ / shares in Units, $ in Thousands | Nov. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Business Acquisition [Line Items] | ||||
Junior Subordinated Notes | $ 0 | $ 8,248 | ||
Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Cost of Acquired Entity, Purchase Price, Total | $ 637,103 | |||
Business Combination, Acquisition Related Costs | 8,661 | 17,196 | ||
Business Acquisition, Effective Date of Acquisition | Nov. 1, 2017 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $ 81,190 | |||
Business Acquisition, Purchase Price Allocation, Current Assets, Marketable Securities | 449,291 | |||
Business Acquisition, Purchase Price Allocation, FHLB Stock | 7,084 | |||
Business Combination, Acquired Receivable, Fair Value | 1,873,987 | |||
Business Acquisition, Purchase Price Allocation, Accrued Interest Receivable | 7,827 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 27,343 | |||
Business Acquisition, Purchase Price Allocation, Other Real Estate Owned | 10,279 | |||
Business Combination, Purchase Price Allocation, Amortizable Intangible Assets | 46,875 | |||
Business Combination, Purchase Price Allocation, Other Assets | 50,638 | |||
Business Acquisition, Purchase Price Allocation, Liabilities, Deposits | (2,118,982) | |||
Business Combination, Purchase Price Allocation, Federal Home Loan bank advances | 101,127 | |||
Business Combination, Purchase Price Allocation, Subordinated Debt | (35,678) | |||
Business combination, purchase price allocation, securities sold under agreements to repurchase | (1,617) | |||
Business Acquisition, Purchase Price Allocation, Other Noncurrent Liabilities | (28,653) | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 254,023 | |||
Business Combination, Purchase Price Allocation, Goodwill Amount | $ 383,080 | |||
Business Acquisition, Pro Forma Revenue | 571,944 | $ 520,419 | ||
Business Acquisition, Pro Forma Net Income (Loss) | $ 149,859 | $ 124,550 | ||
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ 2.23 | $ 1.86 | ||
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ 2.23 | $ 1.86 | ||
Intermountain Community Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | $ 291 | |||
Compensation and employee benefits [Member] | Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 3,620 | $ 8,014 | ||
Compensation and employee benefits [Member] | Intermountain Community Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 0 | |||
Occupancy [Member] | Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 1,619 | 1,912 | ||
Occupancy [Member] | Intermountain Community Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 0 | |||
Advertising and promotion [Member] | Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 537 | 467 | ||
Advertising and promotion [Member] | Intermountain Community Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 0 | |||
Data processing and communications [Member] | Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 963 | 1,555 | ||
Data processing and communications [Member] | Intermountain Community Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 0 | |||
Legal and professional fees [Member] | Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 1,028 | 4,618 | ||
Legal and professional fees [Member] | Intermountain Community Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 291 | |||
Taxes, licenses and fees [Member] | Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | 0 | 10 | 0 | |
Other noninterest expenses [Member] | Pacific Continental [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | $ 894 | $ 620 | ||
Other noninterest expenses [Member] | Intermountain Community Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Acquisition Related Costs | $ 0 |
Business Combinations narrative
Business Combinations narrative (Details) - Pacific Continental [Member] - USD ($) $ in Thousands | Nov. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Business Acquisition [Line Items] | |||
Business Combination, Purchase Price Allocation, Junior Subordinated Debentures | $ (14,434) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | (2,300,491) | ||
Business Combination, Purchase Price Allocation, Goodwill Amount | $ 383,080 | ||
Business Acquisition, Effective Date of Acquisition | Nov. 1, 2017 | ||
Business Combination, Cost of Acquired Entity, Purchase Price, Total | $ 637,103 | ||
Business Combination, Acquired Receivable, Fair Value | 1,873,987 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 254,023 | ||
Business Combination, Purchase Price Allocation, Amortizable Intangible Assets | $ 46,875 | ||
business combinations, core deposit intangible percentage of core deposits | 2.34% | ||
Business Combination, Acquisition Related Costs | $ 8,661 | $ 17,196 | |
Business Combination, Purchase Price Allocation, Other Assets | $ 50,638 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 2,554,514 | ||
Business Acquisition, Purchase Price Allocation, Liabilities, Deposits | $ 2,118,982 | ||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||
Business Combination, Purchase Price Allocation, Federal Home Loan bank advances | $ (101,127) |
Cash and Cash Equivalents (Deta
Cash and Cash Equivalents (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Federal Reserve Bank [Member] | ||
Restricted Cash and Cash Equivalents Items [Line Items] | ||
Restricted Cash and Cash Equivalents | $ 110.2 | $ 76.5 |
Securities (Securities Availabl
Securities (Securities Available for Sale) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | $ 3,210,615 | $ 2,763,321 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 12,799 | 8,480 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (55,966) | (34,050) |
Securities available for sale | 3,167,448 | 2,737,751 |
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 2,222,521 | 1,752,236 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 9,236 | 1,815 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (43,467) | (27,326) |
Securities available for sale | 2,188,290 | 1,726,725 |
State and Municipal Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 579,755 | 593,940 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 2,328 | 6,023 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (7,760) | (3,959) |
Securities available for sale | 574,323 | 596,004 |
U.S. Government Agency and Government-Sponsored Enterprise Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 408,088 | 416,894 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 1,235 | 642 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (4,736) | (2,762) |
Securities available for sale | 404,587 | 414,774 |
US Government Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 251 | 251 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (3) | (3) |
Securities available for sale | $ 248 | $ 248 |
Securities (Schedule of Contrac
Securities (Schedule of Contractual Maturities of Investment Securities Available for Sale) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Abstract] | ||
Due within one year, Amortized Cost | $ 130,592 | |
Due after one year through five years, Amortized Cost | 566,382 | |
Due after five years through ten years, Amortized Cost | 1,398,135 | |
Due after ten years, Amortized Cost | 1,115,506 | |
Total investment securities available-for-sale, Amortized Cost | 3,210,615 | |
Due within one year, Fair Value | 130,241 | |
Due after one year through five years, Fair Value | 559,600 | |
Due after five years through ten years, Fair Value | 1,391,517 | |
Due after ten years, Fair Value | 1,086,090 | |
Total investment securities available-for-sale, Fair Value | $ 3,167,448 | $ 2,737,751 |
Securities (Carrying Value of S
Securities (Carrying Value of Securities Pledged as Collateral) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Restricted | $ 467,138 | $ 419,383 |
To Washington and Oregon State To Secure Public Deposits [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Restricted | 276,343 | 245,222 |
To Federal Reserve Bank To Secure Borrowings [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Restricted | 52,303 | 52,917 |
Other Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Restricted | $ 138,492 | $ 121,244 |
Securities (Summary of Gross Un
Securities (Summary of Gross Unrealized Losses and Fair Value of the Investments with Unrealized Losses) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Debt Securities, Available-for-sale [Line Items] | |||
Equity Securities, FV-NI, Gain (Loss) | $ 195 | $ 0 | $ 0 |
Equity Securities, FV-NI, Realized Gain (Loss) | (195) | ||
Less than 12 Months Fair Value | 276,306 | 1,220,992 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss, Instant | 1,598 | 9,442 | |
12 Months or More Fair Value | 1,873,565 | 948,366 | |
12 Months or More Unrealized Losses | (54,368) | (24,608) | |
Total Fair Value | 2,149,871 | 2,169,358 | |
Total Unrealized Losses | (55,966) | (34,050) | |
Equity Securities, FV-NI, Unrealized Gain (Loss) | 0 | ||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | 154,622 | 816,678 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss, Instant | 972 | 6,710 | |
12 Months or More Fair Value | 1,301,387 | 717,211 | |
12 Months or More Unrealized Losses | (42,495) | (20,616) | |
Total Fair Value | 1,456,009 | 1,533,889 | |
Total Unrealized Losses | (43,467) | (27,326) | |
State and Municipal Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | 106,292 | 220,019 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss, Instant | 581 | 1,723 | |
12 Months or More Fair Value | 280,496 | 75,172 | |
12 Months or More Unrealized Losses | (7,179) | (2,236) | |
Total Fair Value | 386,788 | 295,191 | |
Total Unrealized Losses | (7,760) | (3,959) | |
U.S. Government Agency and Government-Sponsored Enterprise Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | 15,392 | 184,046 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss, Instant | 45 | 1,006 | |
12 Months or More Fair Value | 291,435 | 155,983 | |
12 Months or More Unrealized Losses | (4,691) | (1,756) | |
Total Fair Value | 306,827 | 340,029 | |
Total Unrealized Losses | (4,736) | (2,762) | |
US Government Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | 0 | 249 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss, Instant | 0 | 3 | |
12 Months or More Fair Value | 247 | 0 | |
12 Months or More Unrealized Losses | (3) | 0 | |
Total Fair Value | 247 | 249 | |
Total Unrealized Losses | $ (3) | $ (3) |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)securityissuance | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Debt Securities, Available-for-sale [Line Items] | |||
Number Of Issuances Of Securities Exceeding Shareholders Equity Threshold | issuance | 0 | ||
Proceeds from Sale of Debt Securities, Available-for-sale | $ | $ 32,330 | $ 30,403 | $ 124,142 |
US Government Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Number Of Securities In Unrealized Loss Position | 1 | ||
Number Of Securities In Continuous Loss Position For Twelve Months or More | 1 | ||
Other Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Issuances Of Securities Exceeding Shareholders Equity Threshold, Percent | 10.00% | ||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Number Of Securities In Unrealized Loss Position | 442 | ||
Number Of Securities In Continuous Loss Position For Twelve Months or More | 397 | ||
Municipal Bonds [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Number Of Securities In Unrealized Loss Position | 408 | ||
Number Of Securities In Continuous Loss Position For Twelve Months or More | 313 | ||
US Government Corporations and Agencies Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Number Of Securities In Unrealized Loss Position | 41 | ||
Number Of Securities In Continuous Loss Position For Twelve Months or More | 39 |
Securities Securities (Summary
Securities Securities (Summary of Gross Realized Gains and Losses) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 32,330 | $ 30,403 | $ 124,142 |
Available-for-sale Securities, Gross Realized Gains | 235 | 111 | 1,181 |
Available-for-sale Securities, Gross Realized Losses | (129) | (122) | 0 |
Equity Securities, FV-NI, Gain (Loss) | (195) | 0 | 0 |
Debt and Equity Securities, Gain (Loss) | $ (89) | $ (11) | $ 1,181 |
Loans (Narrative) (Details)
Loans (Narrative) (Details) $ in Thousands, loan in Millions | 12 Months Ended | ||
Dec. 31, 2018USD ($)contract | Dec. 31, 2017USD ($)loancontract | Dec. 31, 2016USD ($)contract | |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans to related parties | $ 9,600 | $ 10,000 | |
Loans and Leases Receivable, Related Parties, Additions | 14 | ||
Repayments on related party loans | 342 | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 54,842 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 3,600 | $ 2,400 | $ 1,900 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing, Number of Loans | 0 | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing, Number of Loans | loan | 0 | ||
Loans and Leases Receivable, Nonaccrual of Interest, Commitments of Additional Funds | 2,100 | $ 2,000 | |
Financing Receivable Modifications Additional Commitment To Lend | $ 2,100 | $ 506 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 0 | 0 |
Loans Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans pledged to collateralize Federal Home Loan Bank Advances | $ 3,220,000 | $ 2,250,000 | |
Commercial Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans pledged to collateralize Federal Reserve Bank Borrowings | $ 82,000 | $ 70,200 |
Loans (Analysis of Loan Portfol
Loans (Analysis of Loan Portfolio by Major Types of Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||||
Less: Net unearned income | $ (42,194) | $ (52,111) | ||
Total loans, net of unearned income | 8,391,511 | 8,358,657 | ||
Less: Allowance for loan and lease losses | (83,369) | (75,646) | $ (70,043) | $ (68,172) |
Loans, net | 8,308,142 | 8,283,011 | ||
Loans held for sale | 3,849 | 5,766 | ||
Real estate: One-to-four family residential [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Real Estate | 246,384 | 200,791 | ||
Real Estate Construction | 217,943 | 200,695 | ||
Less: Allowance for loan and lease losses | (593) | (701) | (599) | (916) |
Commercial and Multifamily Residential [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Real Estate | 3,908,937 | 3,901,333 | ||
Real Estate Construction | 284,928 | 372,538 | ||
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Commercial Business | 3,447,662 | 3,389,952 | ||
Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Total Real Estate | 4,155,321 | 4,102,124 | ||
Real Estate Construction Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Total Real Estate Construction | 502,871 | 573,233 | ||
Consumer [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Consumer, Other | 327,851 | 345,459 | ||
Less: Allowance for loan and lease losses | (5,301) | (5,163) | $ (3,534) | $ (3,531) |
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Less: Net unearned income | (42,194) | (52,111) | ||
Total loans, net of unearned income | 8,301,751 | 8,245,987 | ||
Less: Allowance for loan and lease losses | (79,758) | (68,739) | ||
Loans, net | 8,221,993 | 8,177,248 | ||
Loans held for sale | 3,849 | 5,766 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Real Estate | 238,367 | 188,396 | ||
Real Estate Construction | 217,790 | 200,518 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial and Multifamily Residential [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Real Estate | 3,846,027 | 3,825,739 | ||
Real Estate Construction | 284,394 | 371,931 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Commercial Business | 3,438,422 | 3,377,324 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Total Real Estate | 4,084,394 | 4,014,135 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real Estate Construction Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Total Real Estate Construction | 502,184 | 572,449 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Consumer, Other | 318,945 | 334,190 | ||
Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Less: Net unearned income | 0 | 0 | ||
Total loans, net of unearned income | 89,760 | 112,670 | ||
Less: Allowance for loan and lease losses | (3,611) | (6,907) | ||
Loans, net | 86,149 | 105,763 | ||
Loans held for sale | 0 | 0 | ||
Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Real Estate | 8,017 | 12,395 | ||
Real Estate Construction | 153 | 177 | ||
Purchased Credit Impaired Loans [Member] | Commercial and Multifamily Residential [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Real Estate | 62,910 | 75,594 | ||
Real Estate Construction | 534 | 607 | ||
Purchased Credit Impaired Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Commercial Business | 9,240 | 12,628 | ||
Purchased Credit Impaired Loans [Member] | Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Total Real Estate | 70,927 | 87,989 | ||
Purchased Credit Impaired Loans [Member] | Real Estate Construction Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Total Real Estate Construction | 687 | 784 | ||
Purchased Credit Impaired Loans [Member] | Consumer [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Consumer, Other | $ 8,906 | $ 11,269 |
Loans (Analysis of Nonaccrual L
Loans (Analysis of Nonaccrual Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 54,842 | |
Unpaid Principal Balance Nonaccrual Loans | 65,358 | $ 79,886 |
Recorded Investment Nonaccrual Loans | 66,189 | |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,949 | |
Unpaid Principal Balance Nonaccrual Loans | 3,149 | 4,633 |
Recorded Investment Nonaccrual Loans | 4,149 | |
Commercial business: Secured loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 35,504 | |
Unpaid Principal Balance Nonaccrual Loans | 45,072 | 56,865 |
Recorded Investment Nonaccrual Loans | 45,410 | |
Commercial business: Unsecured loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 9 | |
Unpaid Principal Balance Nonaccrual Loans | 9 | 49 |
Recorded Investment Nonaccrual Loans | 50 | |
Real estate: One-to-four family residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,158 | |
Unpaid Principal Balance Nonaccrual Loans | 1,178 | 1,182 |
Recorded Investment Nonaccrual Loans | 785 | |
Real estate: Commercial and multifamily residential: Commercial land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,261 | |
Unpaid Principal Balance Nonaccrual Loans | 2,270 | 2,623 |
Recorded Investment Nonaccrual Loans | 2,628 | |
Real estate: Commercial and multifamiIy residential: Income property [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,721 | |
Unpaid Principal Balance Nonaccrual Loans | 3,062 | 5,410 |
Recorded Investment Nonaccrual Loans | 4,284 | |
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 9,922 | |
Unpaid Principal Balance Nonaccrual Loans | 10,300 | 7,270 |
Recorded Investment Nonaccrual Loans | 7,029 | |
Real estate construction: One-to-four family residential: Land and acquisition [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 318 | |
Unpaid Principal Balance Nonaccrual Loans | 318 | 26 |
Recorded Investment Nonaccrual Loans | 25 | |
Real estate construction: One-to-four family residential: Residential construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | |
Unpaid Principal Balance Nonaccrual Loans | $ 0 | 1,828 |
Recorded Investment Nonaccrual Loans | $ 1,829 |
Loans (Analysis of the Aged Loa
Loans (Analysis of the Aged Loan Portfolio) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | $ 54,842 | |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 2,949 | |
Commercial business: Secured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 35,504 | |
Commercial business: Unsecured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 9 | |
Real estate: One-to-four family residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 1,158 | |
Real estate: Commercial and multifamily residential: Commercial land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 2,261 | |
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 9,922 | |
Real estate construction: One-to-four family residential: Land and acquisition [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 318 | |
Real estate construction: One-to-four family residential: Residential construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 0 | |
Real estate: Commercial and multifamiIy residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 2,721 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 8,218,651 | $ 8,163,583 |
Total Past Due | 28,258 | 16,215 |
Nonaccrual Loans | 54,842 | 66,189 |
Loans Receivable, Net | 8,301,751 | 8,245,987 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 194,912 | 293,028 |
Total Past Due | 0 | 0 |
Nonaccrual Loans | 0 | 0 |
Loans Receivable, Net | 194,912 | 293,028 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 314,008 | 325,928 |
Total Past Due | 1,258 | 2,148 |
Nonaccrual Loans | 2,949 | 4,149 |
Loans Receivable, Net | 318,215 | 332,225 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Secured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 3,267,709 | 3,185,321 |
Total Past Due | 9,488 | 4,930 |
Nonaccrual Loans | 35,504 | 45,410 |
Loans Receivable, Net | 3,312,701 | 3,235,661 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Unsecured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 111,868 | 123,524 |
Total Past Due | 240 | 601 |
Nonaccrual Loans | 9 | 50 |
Loans Receivable, Net | 112,117 | 124,175 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 233,941 | 184,256 |
Total Past Due | 927 | 1,513 |
Nonaccrual Loans | 1,158 | 785 |
Loans Receivable, Net | 236,026 | 186,554 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamily residential: Commercial land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 283,416 | 292,680 |
Total Past Due | 0 | 673 |
Nonaccrual Loans | 2,261 | 2,628 |
Loans Receivable, Net | 285,677 | 295,981 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 1,606,085 | 1,590,004 |
Total Past Due | 1,744 | 2,953 |
Nonaccrual Loans | 9,922 | 7,029 |
Loans Receivable, Net | 1,617,751 | 1,599,986 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Land and acquisition [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 4,099 | 9,882 |
Total Past Due | 0 | 0 |
Nonaccrual Loans | 318 | 25 |
Loans Receivable, Net | 4,417 | 9,907 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Residential construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 212,303 | 187,862 |
Total Past Due | 93 | 0 |
Nonaccrual Loans | 0 | 1,829 |
Loans Receivable, Net | 212,396 | 189,691 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 1,910,505 | 1,898,655 |
Total Past Due | 7,250 | 3,397 |
Nonaccrual Loans | 2,721 | 4,284 |
Loans Receivable, Net | 1,920,476 | 1,906,336 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 79,805 | 72,443 |
Total Past Due | 7,258 | 0 |
Nonaccrual Loans | 0 | 0 |
Loans Receivable, Net | 87,063 | 72,443 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 21,959 | 10,190 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,057 | 1,446 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Secured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 5,864 | 2,530 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Unsecured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 240 | 100 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 694 | 1,111 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamily residential: Commercial land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 92 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,744 | 2,485 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Land and acquisition [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Residential construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 93 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 5,009 | 2,426 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 7,258 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 6,299 | 5,444 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 201 | 702 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Secured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,624 | 2,400 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Unsecured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 501 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 233 | 402 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamily residential: Commercial land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 468 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Land and acquisition [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Residential construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,241 | 971 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 581 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Secured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Unsecured loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamily residential: Commercial land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 581 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Land and acquisition [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: One-to-four family residential: Residential construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Income property [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 0 | $ 0 |
Loans (Analysis of Impaired Loa
Loans (Analysis of Impaired Loans) (Details) - Loans, Excluding Purchased Credit Impaired Loans [Member] $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)Modifications | Dec. 31, 2017USD ($)Modifications | Dec. 31, 2016USD ($)Modifications | |
Financing Receivable, Modifications, Number of Contracts | Modifications | 34 | 60 | 54 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 8,252,647 | $ 8,176,782 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 49,104 | 69,205 | |
Recorded Investment | 3,326 | 5,303 | |
Unpaid Principal Balance | 3,584 | 5,568 | |
Related Allowance | 31 | 199 | |
Impaired Financing Receivable, Average Recorded Investment | 65,461 | 40,650 | $ 21,493 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 1,138 | $ 971 | $ 237 |
Commercial business: Secured loans [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 12 | 10 | 9 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 3,286,416 | $ 3,195,649 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 26,285 | 40,012 | |
Recorded Investment | 6,350 | 3,808 | |
Unpaid Principal Balance | 8,460 | 3,937 | |
Related Allowance | 2,023 | 1,867 | |
Impaired Financing Receivable, Average Recorded Investment | 39,701 | 20,282 | $ 9,368 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 81 | $ 60 | $ 79 |
Commercial business: Unsecured loans [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 112,097 | $ 124,150 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 20 | 25 | |
Recorded Investment | 20 | 25 | |
Unpaid Principal Balance | 20 | 24 | |
Related Allowance | 0 | 3 | |
Impaired Financing Receivable, Average Recorded Investment | 191 | 5 | $ 0 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 2 | $ 0 | $ 0 |
Real estate: One-to-four family residential [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 3 | 3 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 235,138 | $ 185,659 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 888 | 895 | |
Recorded Investment | 325 | 867 | |
Unpaid Principal Balance | 798 | 1,408 | |
Related Allowance | 8 | 103 | |
Impaired Financing Receivable, Average Recorded Investment | 748 | 730 | $ 743 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 42 | $ 49 | $ 10 |
Real estate: Commercial and multifamily residential: Commercial land [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 283,451 | $ 293,694 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 2,226 | 2,287 | |
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Impaired Financing Receivable, Average Recorded Investment | 2,371 | 2,079 | $ 425 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 34 | $ 0 | $ 0 |
Real estate: Commercial and multifamiIy residential: Income property [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 1 | 1 | 0 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 1,917,522 | $ 1,901,313 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 2,954 | 5,023 | |
Recorded Investment | 99 | 2,768 | |
Unpaid Principal Balance | 165 | 3,328 | |
Related Allowance | 1 | 185 | |
Impaired Financing Receivable, Average Recorded Investment | 3,284 | 4,314 | $ 2,492 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 130 | $ 51 | $ 26 |
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 1 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 1,605,042 | $ 1,591,298 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 12,709 | 8,688 | |
Recorded Investment | 3,231 | 77 | |
Unpaid Principal Balance | 4,666 | 80 | |
Related Allowance | 69 | 3 | |
Impaired Financing Receivable, Average Recorded Investment | 9,730 | 5,335 | $ 5,084 |
Impaired Financing Receivable, Interest Income, Accrual Method | 720 | 445 | 0 |
Real estate construction: One-to-four family residential: Land and acquisition [Member] | |||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 4,417 | 9,907 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | |
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Impaired Financing Receivable, Average Recorded Investment | 0 | 3 | 199 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 0 |
Real estate construction: One-to-four family residential: Residential construction [Member] | |||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 212,396 | 188,481 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 1,210 | |
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Impaired Financing Receivable, Average Recorded Investment | 484 | 309 | 472 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | $ 0 |
Real estate construction: Commercial and multifamily residential: Income property [Member] | |||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 194,912 | 293,028 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | |
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | $ 0 | $ 0 | |
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 87,063 | $ 68,393 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 4,050 | |
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Impaired Financing Receivable, Average Recorded Investment | 3,240 | 1,620 | $ 0 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 0 | $ 203 | $ 0 |
Consumer [Member] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 21 | 42 | 41 |
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 314,193 | $ 325,210 | |
Recorded Investment of Loans Individually Measured for Specific Impairment | 4,022 | 7,015 | |
Impaired Financing Receivable, Average Recorded Investment | 5,712 | 5,973 | $ 2,710 |
Impaired Financing Receivable, Interest Income, Accrual Method | 129 | 163 | $ 122 |
Impaired Loans Without Recorded Allowance [Member] | |||
Recorded Investment | 35,753 | 56,357 | |
Unpaid Principal Balance | 40,716 | 64,735 | |
Impaired Loans With Recorded Allowance [Member] | |||
Recorded Investment | 13,351 | 12,848 | |
Unpaid Principal Balance | 17,693 | 14,345 | |
Related Allowance | 2,132 | 2,360 | |
Impaired Loans Without Recorded Allowance [Member] | |||
Recorded Investment | 696 | 1,712 | |
Unpaid Principal Balance | 704 | 1,864 | |
Impaired Loans Without Recorded Allowance [Member] | Commercial business: Secured loans [Member] | |||
Recorded Investment | 19,935 | 36,204 | |
Unpaid Principal Balance | 24,404 | 42,314 | |
Impaired Loans Without Recorded Allowance [Member] | Commercial business: Unsecured loans [Member] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate: One-to-four family residential [Member] | |||
Recorded Investment | 563 | 28 | |
Unpaid Principal Balance | 575 | 337 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate: Commercial and multifamily residential: Commercial land [Member] | |||
Recorded Investment | 2,226 | 2,287 | |
Unpaid Principal Balance | 2,272 | 2,282 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate: Commercial and multifamiIy residential: Income property [Member] | |||
Recorded Investment | 2,855 | 2,255 | |
Unpaid Principal Balance | 3,011 | 2,601 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | |||
Recorded Investment | 9,478 | 8,611 | |
Unpaid Principal Balance | 9,750 | 10,077 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate construction: One-to-four family residential: Land and acquisition [Member] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate construction: One-to-four family residential: Residential construction [Member] | |||
Recorded Investment | 0 | 1,210 | |
Unpaid Principal Balance | 0 | 1,210 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate construction: Commercial and multifamily residential: Income property [Member] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Impaired Loans Without Recorded Allowance [Member] | Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | |||
Recorded Investment | 0 | 4,050 | |
Unpaid Principal Balance | $ 0 | $ 4,050 |
Loans Loans (Analysis of Troubl
Loans Loans (Analysis of Troubled Debt Restructurings) (Details) loan in Millions | 12 Months Ended | ||
Dec. 31, 2018USD ($)Modificationscontract | Dec. 31, 2017USD ($)loanModificationscontract | Dec. 31, 2016USD ($)Modificationscontract | |
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable Modifications Additional Commitment To Lend | $ 2,100,000 | $ 506,000 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 0 | $ 0 | $ 0 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing, Number of Loans | loan | 0 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 34 | 60 | 54 |
Pre-Modification Outstanding Recorded Investment | $ 22,047,000 | $ 18,122,000 | $ 7,679,000 |
Post-Modification Outstanding Recorded Investment | $ 22,047,000 | $ 18,122,000 | $ 7,677,000 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Secured loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 12 | 10 | 9 |
Pre-Modification Outstanding Recorded Investment | $ 18,379,000 | $ 5,655,000 | $ 2,131,000 |
Post-Modification Outstanding Recorded Investment | $ 18,379,000 | $ 5,655,000 | $ 2,131,000 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Commercial business: Unsecured loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 26,000 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 26,000 | $ 0 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 3 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 583,000 | $ 203,000 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 583,000 | $ 203,000 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamily residential: Commercial land [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 687,000 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 687,000 | $ 0 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Income property [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 1 | 1 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 891,000 | $ 1,152,000 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 891,000 | $ 1,152,000 | $ 0 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 78,000 | $ 250,000 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 78,000 | $ 250,000 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 4,050,000 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 4,050,000 | $ 0 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Modifications | 21 | 42 | 41 |
Pre-Modification Outstanding Recorded Investment | $ 2,777,000 | $ 5,891,000 | $ 5,095,000 |
Post-Modification Outstanding Recorded Investment | $ 2,777,000 | $ 5,891,000 | $ 5,093,000 |
Loans Loans, analysis of purcha
Loans Loans, analysis of purchased credit impaired loans (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Allowance | $ 83,369 | $ 75,646 | $ 70,043 | $ 68,172 |
Loans and Leases Receivable, Net Amount | 8,308,142 | 8,283,011 | ||
Real estate: One-to-four family residential [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Allowance | 593 | 701 | 599 | 916 |
Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Allowance | 5,301 | 5,163 | $ 3,534 | $ 3,531 |
Purchased Credit Impaired Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 96,285 | 120,758 | ||
Valuation discount resulting from acquisition accounting | 6,525 | 8,088 | ||
Loans and Leases Receivable, Allowance | 3,611 | 6,907 | ||
Loans and Leases Receivable, Net Amount | 86,149 | 105,763 | ||
Purchased Credit Impaired Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,672 | 13,753 | ||
Purchased Credit Impaired Loans [Member] | Real estate: One-to-four family residential [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,848 | 14,610 | ||
Purchased Credit Impaired Loans [Member] | Commercial and Multifamily Residential [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 66,340 | 79,211 | ||
Purchased Credit Impaired Loans [Member] | Real Estate Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 76,188 | 93,821 | ||
Purchased Credit Impaired Loans [Member] | One-to-Four Family Residential Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 153 | 177 | ||
Purchased Credit Impaired Loans [Member] | Commercial and Multifamily Residential Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 507 | 595 | ||
Purchased Credit Impaired Loans [Member] | Real Estate Construction Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 660 | 772 | ||
Purchased Credit Impaired Loans [Member] | Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | $ 9,765 | $ 12,412 |
Loans Loans (Analysis of Purcha
Loans Loans (Analysis of Purchased Credit Impaired - Accretable Yield Rollforward) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Loans, Analysis of Purchased Credit Impaired Loans, Accretable Yield Rollforward [Abstract] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 21,949 | $ 31,176 | $ 45,191 | $ 58,981 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | (8,194) | (12,357) | (16,266) | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Disposals of Loans | 387 | 158 | 148 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | $ (646) | $ (1,500) | $ 2,624 |
Allowance for Loan and Lease _3
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Allowance for Noncovered Loan and Lease Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | $ 75,646 | $ 70,043 | $ 75,646 | $ 70,043 | $ 68,172 | ||||||||
Charge-offs | (18,555) | (16,660) | (21,462) | ||||||||||
Recoveries | 11,509 | 13,632 | 12,555 | ||||||||||
Provision for loan and lease losses | $ 1,789 | $ 3,153 | $ 3,975 | 5,852 | $ 3,327 | [1] | $ (648) | $ 3,177 | 2,775 | 14,769 | 8,631 | 10,778 | |
Balance at the end of year | 83,369 | 75,646 | 83,369 | 75,646 | 70,043 | ||||||||
Specific Reserve | 2,132 | 2,360 | 2,132 | 2,360 | 761 | ||||||||
General Allocation | 81,237 | 73,286 | 81,237 | 73,286 | 69,282 | ||||||||
Consumer [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 5,163 | 3,534 | 5,163 | 3,534 | 3,531 | ||||||||
Charge-offs | (1,194) | (1,474) | (1,238) | ||||||||||
Recoveries | 1,180 | 1,187 | 933 | ||||||||||
Provision for loan and lease losses | 152 | 1,916 | 308 | ||||||||||
Balance at the end of year | 5,301 | 5,163 | 5,301 | 5,163 | 3,534 | ||||||||
Specific Reserve | 31 | 199 | 31 | 199 | 57 | ||||||||
General Allocation | 5,270 | 4,964 | 5,270 | 4,964 | 3,477 | ||||||||
Purchased Credit Impaired Loans [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 6,907 | 10,515 | 6,907 | 10,515 | 13,726 | ||||||||
Charge-offs | (4,862) | (6,812) | (9,944) | ||||||||||
Recoveries | 3,847 | 6,187 | 7,004 | ||||||||||
Provision for loan and lease losses | (2,281) | (2,983) | (271) | ||||||||||
Balance at the end of year | 3,611 | 6,907 | 3,611 | 6,907 | 10,515 | ||||||||
Specific Reserve | 0 | 0 | 0 | 0 | 0 | ||||||||
General Allocation | 3,611 | 6,907 | 3,611 | 6,907 | 10,515 | ||||||||
Unallocated Financing Receivables [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 0 | 226 | 0 | 226 | 569 | ||||||||
Charge-offs | 0 | 0 | 0 | ||||||||||
Recoveries | 0 | 0 | 0 | ||||||||||
Provision for loan and lease losses | 1,053 | (226) | (343) | ||||||||||
Balance at the end of year | 1,053 | 0 | 1,053 | 0 | 226 | ||||||||
Specific Reserve | 0 | 0 | 0 | 0 | 0 | ||||||||
General Allocation | 1,053 | 0 | 1,053 | 0 | 226 | ||||||||
Commercial business: Secured loans [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 29,341 | 36,050 | 29,341 | 36,050 | 32,321 | ||||||||
Charge-offs | (11,560) | (7,524) | (9,993) | ||||||||||
Recoveries | 3,024 | 4,283 | 2,483 | ||||||||||
Provision for loan and lease losses | 22,383 | (3,468) | 11,239 | ||||||||||
Balance at the end of year | 43,188 | 29,341 | 43,188 | 29,341 | 36,050 | ||||||||
Specific Reserve | 2,023 | 1,867 | 2,023 | 1,867 | 664 | ||||||||
General Allocation | 41,165 | 27,474 | 41,165 | 27,474 | 35,386 | ||||||||
Commercial business: Unsecured loans [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 2,000 | 960 | 2,000 | 960 | 1,299 | ||||||||
Charge-offs | (159) | (89) | (75) | ||||||||||
Recoveries | 403 | 553 | 162 | ||||||||||
Provision for loan and lease losses | 382 | 576 | (426) | ||||||||||
Balance at the end of year | 2,626 | 2,000 | 2,626 | 2,000 | 960 | ||||||||
Specific Reserve | 0 | 3 | 0 | 3 | 0 | ||||||||
General Allocation | 2,626 | 1,997 | 2,626 | 1,997 | 960 | ||||||||
Real estate: One-to-four family residential [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 701 | 599 | 701 | 599 | 916 | ||||||||
Charge-offs | 0 | (460) | (35) | ||||||||||
Recoveries | 408 | 568 | 171 | ||||||||||
Provision for loan and lease losses | (516) | (6) | (453) | ||||||||||
Balance at the end of year | 593 | 701 | 593 | 701 | 599 | ||||||||
Specific Reserve | 8 | 103 | 8 | 103 | 12 | ||||||||
General Allocation | 585 | 598 | 585 | 598 | 587 | ||||||||
Real estate: Commercial and multifamily residential: Commercial land [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 4,265 | 1,797 | 4,265 | 1,797 | 1,178 | ||||||||
Charge-offs | 0 | 0 | (26) | ||||||||||
Recoveries | 99 | 53 | 2 | ||||||||||
Provision for loan and lease losses | (417) | 2,415 | 643 | ||||||||||
Balance at the end of year | 3,947 | 4,265 | 3,947 | 4,265 | 1,797 | ||||||||
Specific Reserve | 0 | 0 | 0 | 0 | 0 | ||||||||
General Allocation | 3,947 | 4,265 | 3,947 | 4,265 | 1,797 | ||||||||
Real estate: Commercial and multifamiIy residential: Income property [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 5,672 | 7,342 | 5,672 | 7,342 | 6,616 | ||||||||
Charge-offs | (780) | (287) | 0 | ||||||||||
Recoveries | 912 | 498 | 966 | ||||||||||
Provision for loan and lease losses | (1,760) | (1,881) | (240) | ||||||||||
Balance at the end of year | 4,044 | 5,672 | 4,044 | 5,672 | 7,342 | ||||||||
Specific Reserve | 1 | 185 | 1 | 185 | 27 | ||||||||
General Allocation | 4,043 | 5,487 | 4,043 | 5,487 | 7,315 | ||||||||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 5,459 | 6,439 | 5,459 | 6,439 | 5,550 | ||||||||
Charge-offs | 0 | 0 | (63) | ||||||||||
Recoveries | 20 | 124 | 434 | ||||||||||
Provision for loan and lease losses | (946) | (1,104) | 518 | ||||||||||
Balance at the end of year | 4,533 | 5,459 | 4,533 | 5,459 | 6,439 | ||||||||
Specific Reserve | 69 | 3 | 69 | 3 | 0 | ||||||||
General Allocation | 4,464 | 5,456 | 4,464 | 5,456 | 6,439 | ||||||||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 963 | 316 | 963 | 316 | 339 | ||||||||
Charge-offs | 0 | (14) | (88) | ||||||||||
Recoveries | 726 | 72 | 57 | ||||||||||
Provision for loan and lease losses | (1,140) | 589 | 8 | ||||||||||
Balance at the end of year | 549 | 963 | 549 | 963 | 316 | ||||||||
Specific Reserve | 0 | 0 | 0 | 0 | 1 | ||||||||
General Allocation | 549 | 963 | 549 | 963 | 315 | ||||||||
Real estate construction: One-to-four family residential: Residential construction [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 3,709 | 669 | 3,709 | 669 | 733 | ||||||||
Charge-offs | 0 | 0 | 0 | ||||||||||
Recoveries | 890 | 106 | 234 | ||||||||||
Provision for loan and lease losses | 937 | 2,934 | (298) | ||||||||||
Balance at the end of year | 5,536 | 3,709 | 5,536 | 3,709 | 669 | ||||||||
Specific Reserve | 0 | 0 | 0 | 0 | 0 | ||||||||
General Allocation | 5,536 | 3,709 | 5,536 | 3,709 | 669 | ||||||||
Real estate construction: Commercial and multifamily residential: Income property [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | 7,053 | 404 | 7,053 | 404 | 388 | ||||||||
Charge-offs | 0 | 0 | 0 | ||||||||||
Recoveries | 0 | 1 | 109 | ||||||||||
Provision for loan and lease losses | (1,269) | 6,648 | (93) | ||||||||||
Balance at the end of year | 5,784 | 7,053 | 5,784 | 7,053 | 404 | ||||||||
Specific Reserve | 0 | 0 | 0 | 0 | 0 | ||||||||
General Allocation | 5,784 | 7,053 | 5,784 | 7,053 | 404 | ||||||||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | |||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||||||||
Balance at beginning of year | $ 4,413 | $ 1,192 | 4,413 | 1,192 | 1,006 | ||||||||
Charge-offs | 0 | 0 | 0 | ||||||||||
Recoveries | 0 | 0 | 0 | ||||||||||
Provision for loan and lease losses | (1,809) | 3,221 | 186 | ||||||||||
Balance at the end of year | 2,604 | 4,413 | 2,604 | 4,413 | 1,192 | ||||||||
Specific Reserve | 0 | 0 | 0 | 0 | 0 | ||||||||
General Allocation | $ 2,604 | $ 4,413 | $ 2,604 | $ 4,413 | $ 1,192 | ||||||||
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. |
Allowance for Loan and Lease _4
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Changes in the Allowance for Unfunded Commitments and Letters of Credit) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit | |||
Beginning balance | $ 3,130 | $ 2,705 | $ 2,930 |
Net changes in the allowance for unfunded commitments and letters of credit | 1,200 | 425 | (225) |
Ending balance | $ 4,330 | $ 3,130 | $ 2,705 |
Allowance for Loan and Lease _5
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Analysis of Credit Quality of Loan Portfolio) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | $ 83,369 | $ 75,646 | $ 70,043 | $ 68,172 |
Loans, net | 8,308,142 | 8,283,011 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,301,751 | 8,245,987 | ||
Loans and Leases Receivable, Allowance | 79,758 | 68,739 | ||
Loans, net | 8,221,993 | 8,177,248 | ||
Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 96,285 | 120,758 | ||
Valuation discount resulting from acquisition accounting | 6,525 | 8,088 | ||
Loans and Leases Receivable, Allowance | 3,611 | 6,907 | ||
Loans, net | 86,149 | 105,763 | ||
Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,029,658 | 7,926,539 | ||
Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 94,337 | 117,307 | ||
Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 105,844 | 95,551 | ||
Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 349 | ||
Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 166,239 | 223,897 | ||
Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,948 | 3,102 | ||
Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 10 | 0 | ||
Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,672 | 13,753 | ||
Commercial business: Secured loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 43,188 | 29,341 | 36,050 | 32,321 |
Commercial business: Secured loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 3,312,701 | 3,235,661 | ||
Commercial business: Secured loans [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,881 | 12,641 | ||
Commercial business: Secured loans [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 3,160,910 | 3,049,031 | ||
Commercial business: Secured loans [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,041 | 11,918 | ||
Commercial business: Secured loans [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 48,779 | 64,600 | ||
Commercial business: Secured loans [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial business: Secured loans [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 103,007 | 122,030 | ||
Commercial business: Secured loans [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 840 | 723 | ||
Commercial business: Secured loans [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 5 | 0 | ||
Commercial business: Secured loans [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial business: Secured loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial business: Secured loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial business: Unsecured loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 2,626 | 2,000 | 960 | 1,299 |
Commercial business: Unsecured loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 112,117 | 124,175 | ||
Commercial business: Unsecured loans [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 791 | 1,112 | ||
Commercial business: Unsecured loans [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 112,091 | 123,621 | ||
Commercial business: Unsecured loans [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 692 | 1,045 | ||
Commercial business: Unsecured loans [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 21 | 0 | ||
Commercial business: Unsecured loans [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial business: Unsecured loans [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 554 | ||
Commercial business: Unsecured loans [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 99 | 67 | ||
Commercial business: Unsecured loans [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 5 | 0 | ||
Commercial business: Unsecured loans [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial business: Unsecured loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Commercial business: Unsecured loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real Estate Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 76,188 | 93,821 | ||
Real estate: One-to-four family residential [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 593 | 701 | 599 | 916 |
Real estate: One-to-four family residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 236,026 | 186,554 | ||
Real estate: One-to-four family residential [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,848 | 14,610 | ||
Real estate: One-to-four family residential [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 234,416 | 183,312 | ||
Real estate: One-to-four family residential [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,633 | 13,817 | ||
Real estate: One-to-four family residential [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 1,186 | ||
Real estate: One-to-four family residential [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: One-to-four family residential [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,610 | 2,056 | ||
Real estate: One-to-four family residential [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 215 | 793 | ||
Real estate: One-to-four family residential [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: One-to-four family residential [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: One-to-four family residential [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: One-to-four family residential [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 3,947 | 4,265 | 1,797 | 1,178 |
Real estate: Commercial and multifamily residential: Commercial land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 285,677 | 295,981 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,363 | 9,809 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 276,348 | 283,673 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,363 | 9,460 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 5,082 | 5,204 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 349 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,247 | 7,104 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamily residential: Commercial land [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 4,044 | 5,672 | 7,342 | 6,616 |
Real estate: Commercial and multifamiIy residential: Income property [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,920,476 | 1,906,336 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 19,680 | 26,016 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,876,925 | 1,857,832 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 19,680 | 25,981 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 36,998 | 17,181 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 6,553 | 31,323 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 35 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Income property [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 4,533 | 5,459 | 6,439 | 5,550 |
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,617,751 | 1,599,986 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 36,297 | 43,386 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,556,852 | 1,546,775 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 35,944 | 42,617 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 14,964 | 7,380 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 45,935 | 45,831 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 353 | 769 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate: Commercial and multifamiIy residential: Owner occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real Estate Construction Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 660 | 772 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 549 | 963 | 316 | 339 |
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,417 | 9,907 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 153 | 177 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,099 | 9,882 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 151 | 169 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 318 | 25 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 2 | 8 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Land and acquisition [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 5,536 | 3,709 | 669 | 733 |
Real estate construction: One-to-four family residential: Residential construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 212,396 | 189,691 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 212,225 | 187,863 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 171 | 1,828 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: One-to-four family residential: Residential construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 5,784 | 7,053 | 404 | 388 |
Real estate construction: Commercial and multifamily residential: Income property [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 194,912 | 293,028 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 507 | 595 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 194,912 | 293,028 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 507 | 595 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Income property [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 2,604 | 4,413 | 1,192 | 1,006 |
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 87,063 | 72,443 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 87,063 | 68,393 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 4,050 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Real estate construction: Commercial and multifamily residential: Owner occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Consumer [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Allowance | 5,301 | 5,163 | $ 3,534 | $ 3,531 |
Consumer [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 318,215 | 332,225 | ||
Consumer [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,765 | 12,412 | ||
Consumer [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 313,817 | 323,129 | ||
Consumer [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,326 | 11,705 | ||
Consumer [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Consumer [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Consumer [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,398 | 9,096 | ||
Consumer [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 439 | 707 | ||
Consumer [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Consumer [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Consumer [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
Consumer [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount | $ 0 | $ 0 |
Other Real Estate Owned (Summar
Other Real Estate Owned (Summary of Other Real Estate Owned) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Other Real Estate Owned [Line Items] | ||
Other Real Estate Owned, established through acquisition | $ 0 | $ 10,279 |
Balance, beginning of period | 13,298 | 5,998 |
Transfers in | 1,200 | 106 |
Valuation adjustments | (698) | (364) |
Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans | 7,261 | 2,590 |
Net realized gain on sale of other real estate owned | (520) | (131) |
Balance, end of period | 6,019 | $ 13,298 |
Mortgage Loans in Process of Foreclosure, Amount | 514 | |
Real estate: One-to-four family residential [Member] | ||
Other Real Estate Owned [Line Items] | ||
Balance, end of period | $ 60 |
Premises and Equipment (Details
Premises and Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Gross | $ 243,095 | $ 240,253 | |
Less accumulated depreciation and amortization | (74,307) | (70,763) | |
Total | 168,788 | 169,490 | |
Depreciation and amortization expense | 10,400 | 9,800 | $ 11,800 |
Land [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Gross | 54,185 | 54,510 | |
Building [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Gross | 108,890 | 110,216 | |
Leasehold Improvements [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Gross | 27,859 | 24,184 | |
Furniture and Fixtures [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Gross | 32,292 | 30,486 | |
Vehicles [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Gross | 511 | 473 | |
Software [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Gross | $ 19,358 | $ 20,384 |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets (Schedule of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Goodwill and Intangible Assets [Line Items] | ||||
Indefinite-lived Intangible Assets (Excluding Goodwill) | $ 919 | $ 919 | $ 919 | |
Intangible Assets, Net (Excluding Goodwill) | 45,937 | 58,173 | 17,631 | |
Goodwill and Intangible Assets [Roll Forward] | ||||
Total goodwill, beginning of period | 765,842 | 382,762 | 382,762 | |
Established through acquisitions | [1] | 0 | 383,080 | 0 |
Total goodwill, end of period | 765,842 | 765,842 | 382,762 | |
Core deposit intangible, net, beginning of period | 58,173 | |||
CDI current period amortization | (12,236) | (6,333) | (5,946) | |
Total core deposit intangible, end of period | 45,937 | 58,173 | ||
Total goodwill and intangible assets, end of period | 811,779 | 824,015 | 400,393 | |
Core Deposits [Member] | ||||
Goodwill and Intangible Assets [Roll Forward] | ||||
Gross core deposit intangible balance, beginning of period | 105,473 | 58,598 | 58,598 | |
Accumulated amortization, beginning of period | (48,219) | (41,886) | (35,940) | |
Core deposit intangible, net, beginning of period | 57,254 | 16,712 | 22,658 | |
Established through acquisitions | [1] | 0 | 46,875 | 0 |
CDI current period amortization | (12,236) | (6,333) | (5,946) | |
Total core deposit intangible, end of period | $ 45,018 | $ 57,254 | $ 16,712 | |
Estimated life of CDI, in years | 10 years | |||
[1] | See Note 2, “Business Combinations,” for additional information regarding the goodwill related to the acquisition of Pacific Continental on November 1, 2017. |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets (Summary of Estimated Future Amortization Expense of Core Deposit Intangibles) (Details) - Core Deposits [Member] $ in Thousands | Dec. 31, 2018USD ($) |
Future Amortization Expense For Core Deposit Intangibles | |
2,019 | $ 10,479 |
2,020 | 8,724 |
2,021 | 7,264 |
2,022 | 5,880 |
2,023 | $ 4,552 |
Deposits (Details)
Deposits (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Deposits [Abstract] | |||
Demand and other noninterest-bearing | $ 5,227,216 | $ 5,081,901 | |
Interest-bearing demand | 1,244,254 | 1,265,212 | |
Money market | 2,367,964 | 2,543,712 | |
Savings | 890,557 | 861,941 | |
Certificates of deposit less than $250,000 | 243,849 | 286,791 | |
Total core deposits | 9,973,840 | 10,039,557 | |
Certificates of deposit greater than $250,000 | 89,473 | 100,399 | |
Certificates of deposit insured by CDARS® | [1] | 23,580 | 25,374 |
Brokered certificates of deposit | 57,930 | 78,481 | |
Reciprocal money market accounts | [1] | 313,692 | 289,031 |
Subtotal | 10,458,515 | 10,532,842 | |
Deposits, Valuation Adjustment From Acquisition Accounting | (389) | (757) | |
Total deposits | 10,458,126 | 10,532,085 | |
Deposit Liabilities Reclassified as Loans Receivable | 4,000 | $ 1,600 | |
Time Deposits, Fiscal Year Maturity [Abstract] | |||
2,019 | 292,334 | ||
2,020 | 71,405 | ||
2,021 | 23,604 | ||
2,022 | 12,761 | ||
2,023 | 10,820 | ||
Thereafter | 3,908 | ||
Total | $ 414,832 | ||
[1] | (1) For periods prior to June 30, 2018, CDARS and reciprocal money market accounts were considered to be brokered deposits by regulatory authorities and were reported as such on quarterly Call Reports. With the passage of the The Economic Growth, Regulatory Relief and Consumer Protection Act in May 2018, these items are no longer considered brokered deposits. |
Federal Home Loan Bank and Fe_3
Federal Home Loan Bank and Federal Reserve Bank Borrowings (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
FHLB Fixed Rate Advances, Maturities Summary [Abstract] | |||
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due within One Year of Balance Sheet Date | 2.64% | ||
Federal Home Loan Bank, Advances, Maturities Summary, Fixed Rate, under One Year | $ 392,000 | ||
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, One To Five Years From Balance Sheet Date | 3.85% | ||
FHLB Fixed Rate Advances, Over 1 through 5 years | $ 2,000 | ||
FHLB Fixed Rate Advances, Weighted Average Interest Rate, Due after 10 years | 5.37% | ||
FHLB Fixed Rate Advances, Due after 10 years | $ 5,000 | ||
FHLB Fixed Rate Advances, Total Amount before valuation adjustment | 399,000 | ||
Valuation adjustment from acquisition accounting | 523 | ||
FHLB Fixed Rate Advances, Total Amount | 399,523 | ||
Federal Home Loan Bank, Advances, Activity for Year [Abstract] | |||
FHLB Advances | 399,523 | $ 11,579 | $ 6,493 |
Federal Home Loan Bank, Advances, Activity for Year, Average Balance of Agreements Outstanding | 166,563 | 79,788 | 79,673 |
Maximum month-end balance during the year | $ 399,523 | $ 317,480 | $ 250,515 |
Weighted average rate during the year | 2.29% | 1.33% | 0.80% |
Weighted average rate at December 31 | 2.68% | 4.08% | 5.42% |
FHLB Borrowing Capacity | $ 1,620,000 | $ 1,430,000 | |
Federal Reserve Bank, Advances, Activity for Year [Abstract] | |||
Average balance during the year | 14 | ||
Federal Reserve Bank borrowing capacity | $ 107,100 | $ 100,100 |
Securities Sold Under Agreeme_2
Securities Sold Under Agreements to Repurchase (Details) $ in Millions | Dec. 31, 2018USD ($) |
Available-for-sale Securities [Member] | |
Assets Sold under Agreements to Repurchase [Line Items] | |
Assets Sold under Agreements to Repurchase, Term, Carrying Amounts | $ 25 |
Assets Sold under Agreements to Repurchase, Term, Interest Rate | 1.88% |
Repurchase Agreements, Sweep [Member] | |
Assets Sold under Agreements to Repurchase [Line Items] | |
Carrying amount of securities pledged as collateral | $ 75.6 |
Repurchase Agreements, Sweep [Member] | Available-for-sale Securities [Member] | |
Assets Sold under Agreements to Repurchase [Line Items] | |
Assets Sold under Agreements to Repurchase, Sweep, Carrying Amount | $ 61.1 |
Assets Sold under Agreements to Repurchase, Sweep, Interest rate | 1.99% |
Subordinated debentures (Detail
Subordinated debentures (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Nov. 01, 2017 | |
Subordinated Borrowing [Line Items] | ||
Subordinated Borrowing, Interest Rate | 5.875% | |
Debt Instrument, Interest Rate Terms | 471.5 | |
Pacific Continental [Member] | ||
Subordinated Borrowing [Line Items] | ||
Business Combination, Purchase Price Allocation, Subordinated Debt | $ 35 |
Junior subordinated debt (Detai
Junior subordinated debt (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Nov. 01, 2017 | |
junior subordinated debentures [Line Items] | ||||
Repayments of Subordinated Debt | $ 8,248 | $ 6,186 | $ 0 | |
Junior Subordinated Notes | $ 0 | $ 8,248 | ||
Pacific Continental [Member] | ||||
junior subordinated debentures [Line Items] | ||||
Business Combination, Purchase Price Allocation, Junior Subordinated Debentures | $ 14,434 |
Derivatives and Balance Sheet_3
Derivatives and Balance Sheet Offsetting (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Derivative [Line Items] | |||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 8 | $ 16 | $ 16 |
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 61,094 | ||
Secured Borrowings, Gross, Difference, Amount | 0 | ||
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 366,700 | 384,700 | |
Not Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest Rate Contracts [Member] | |||
Derivative [Line Items] | |||
Derivative Asset, Fair Value, Gross Asset | 7,033 | 6,707 | |
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest Rate Contracts [Member] | |||
Derivative [Line Items] | |||
Derivative Liability, Fair Value, Gross Liability | 7,033 | $ 6,714 | |
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
Derivative [Line Items] | |||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 61,094 | ||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | Maturity Overnight [Member] | |||
Derivative [Line Items] | |||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 61,094 | ||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | Maturity Less than 30 Days [Member] | |||
Derivative [Line Items] | |||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | ||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | Maturity 30 to 90 Days [Member] | |||
Derivative [Line Items] | |||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | ||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | Maturity Greater than 90 Days [Member] | |||
Derivative [Line Items] | |||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | $ 0 |
Derivatives and Balance Sheet_4
Derivatives and Balance Sheet Offsetting Balance Sheet Offsetting (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Balance Sheet Offsetting [Line Items] | ||
Repurchase agreements, amounts offset in balance sheet | $ 0 | $ 0 |
repurchase agreements, net amount presented in statement of financial position | 61,094 | 79,059 |
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities | (61,094) | (79,059) |
securities sold under agreements to repurchase, amount not offset | 0 | 0 |
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 61,094 | |
Interest Rate Contracts [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Derivative Assets, Gross Amounts Offset in the Balance Sheets | 0 | 0 |
Derivative Asset | 7,033 | 6,707 |
Derivative, Collateral, Obligation to Return Securities | 0 | 0 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 7,033 | 6,707 |
Derivative Liability, Gross Amounts Offset in Balance Sheets | 0 | 0 |
Derivative Liability | 7,033 | 6,714 |
Derivative, Collateral, Right to Reclaim Securities | (3,235) | (6,714) |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | 3,798 | 0 |
Available-for-sale Securities [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Assets Sold under Agreements to Repurchase, Term, Carrying Amounts | 25,000 | |
Assets Sold under Agreements to Repurchase, Carrying Amount | $ 61,094 | $ 79,059 |
Employee Benefit Plans (Details
Employee Benefit Plans (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)periodyearsshares | Dec. 31, 2017USD ($)shares | Dec. 31, 2016USD ($)shares | |
Employee Benefit [Line Items] | |||
Number of Look-back Period Under Employee Stock Purchase Plan | period | 2 | ||
Look-back Period Under Employee Stock Purchase Plan | 6 months | ||
Discount On Common Stock Under Employee Stock Purchase Plan, Percent | 10.00% | ||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | shares | 50,750 | 38,387 | 50,116 |
Stock Issued During Period, Value, Employee Stock Purchase Plan | $ 2,000 | $ 1,500 | $ 1,800 |
Shares Available For Purchase Under Employee Stock Purchase Plan | shares | 360,357 | ||
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | |||
Balance at beginning of year | $ 20,553 | 26,263 | |
Change in actuarial loss | (31) | (6,453) | |
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment | 0 | 148 | |
Benefit expense | 1,701 | 1,600 | |
Defined Benefit Plan, Benefit Obligation, Benefits Paid | 936 | 1,005 | |
Balance at end of year | $ 21,287 | 20,553 | 26,263 |
Pension Plan [Member] | |||
Employee Benefit [Line Items] | |||
Deferred Compensation Arrangement with Individual, Requisite Service Period | 1 month | ||
Deferred Compensation Arrangement with Individual, Contribution To Plan By Employee, Percent Of Eligible Compensation | 75.00% | ||
Deferred Compensation Arrangement with Individual, Contribution Requirements, Matching Percent | 50.00% | ||
Deferred Compensation Arrangement with Individual, Contributions by Employer | $ 3,300 | 2,700 | 2,400 |
Pension Plan [Member] | Minimum [Member] | |||
Employee Benefit [Line Items] | |||
Deferred Compensation Arrangement with Individual, Eligible Age | years | 18 | ||
Pension Plan [Member] | Maximum [Member] | |||
Employee Benefit [Line Items] | |||
Deferred Compensation Arrangement with Individual, Contribution Requirements, Percent Of Each Employee Compensation | 3.00% | ||
Deferred Profit Sharing [Member] | |||
Employee Benefit [Line Items] | |||
Deferred Compensation Arrangement with Individual, Requisite Service Period | 1 month | ||
Deferred Compensation Arrangement with Individual, Contribution To Plan By Employee, Percent Of Eligible Compensation | 75.00% | ||
Deferred Compensation Arrangement with Individual, Contribution Requirements, Matching Percent | 50.00% | ||
Deferred Compensation Arrangement with Individual, Contributions by Employer | $ 7,000 | 5,700 | 5,100 |
Deferred Profit Sharing [Member] | Minimum [Member] | |||
Employee Benefit [Line Items] | |||
Deferred Compensation Arrangement with Individual, Eligible Age | years | 18 | ||
Deferred Profit Sharing [Member] | Maximum [Member] | |||
Employee Benefit [Line Items] | |||
Deferred Compensation Arrangement with Individual, Contribution Requirements, Percent Of Each Employee Compensation | 3.00% | ||
ESP Plan [Member] | |||
Employee Benefit [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Purchase Date | 90.00% | ||
Unit Plans [Member] | |||
Employee Benefit [Line Items] | |||
Deferred Compensation Arrangement with Individual, Vesting Period | 10 | ||
Deferred Compensation Arrangement with Individual, Benefit Period | 10 | ||
Deferred Compensation Arrangement with Individual, Recorded Liability | $ 4,200 | 4,600 | |
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 337 | $ 452 | $ 467 |
SERP [Member] | |||
Employee Benefit [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.30% | 3.80% | |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Normal Retirement Age | years | 65 | ||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Annual Cost Of Living Benefit Adjustment | 2.00% | ||
Defined Benefit Plan, Expected Future Benefit Payment [Abstract] | |||
2,019 | $ 963 | ||
2,020 | 1,971 | ||
2,021 | 2,095 | ||
2,022 | 1,135 | ||
2,023 | 1,236 | ||
2024 through 2028 | 8,236 | ||
Total | $ 15,636 |
Commitments and Contingent Li_3
Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands | Aug. 11, 2017 | Aug. 24, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Minimum future rental payments: | |||||
2,019 | $ 10,947 | ||||
2,020 | 9,766 | ||||
2,021 | 8,729 | ||||
2,022 | 8,102 | ||||
2,023 | 6,796 | ||||
Thereafter | 18,703 | ||||
Total minimum payments | 63,043 | ||||
Operating Leases, Rent Expense, Sublease Rentals | 1,200 | $ 791 | $ 992 | ||
Operating Leases, Rent Expense, Net | 9,600 | 7,900 | $ 8,700 | ||
Commitments to Extend Credit [Member] | |||||
Minimum future rental payments: | |||||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 2,620,000 | 2,620,000 | |||
Standby Letters of Credit [Member] | |||||
Minimum future rental payments: | |||||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 28,300 | 51,300 | |||
Commercial Letter of Credit and other off-balance sheet liabilities [Member] | |||||
Minimum future rental payments: | |||||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 0 | $ 159 | |||
IDAHO | |||||
Minimum future rental payments: | |||||
Sale Leaseback Transaction, Date | August 11, 2017 | ||||
Sale Leaseback Transaction, Monthly Rental Payments | 26 | ||||
Sale Leaseback Transaction, Deferred Gain, Gross | $ 509 | ||||
Sale Leaseback Transaction, Deferred Gain, Net | 444 | ||||
WASHINGTON | |||||
Minimum future rental payments: | |||||
Sale Leaseback Transaction, Date | August 24, 2016 | ||||
Sale Leaseback Transaction, Monthly Rental Payments | 12 | ||||
Sale Leaseback Transaction, Deferred Gain, Gross | $ 742 | ||||
Sale Leaseback Transaction, Deferred Gain, Net | $ 575 |
Shareholders' Equity (Details)
Shareholders' Equity (Details) - $ / shares | Jan. 24, 2019 | Oct. 25, 2018 | Jul. 25, 2018 | Apr. 25, 2018 | Jan. 25, 2018 |
Class of Stock [Line Items] | |||||
Declared quarterly cash dividend | $ 0.26 | $ 0.26 | $ 0.26 | $ 0.22 | |
Common Stock, Special Cash Dividends, Per Share, Declared | $ 0.14 | ||||
Subsequent Event [Member] | |||||
Class of Stock [Line Items] | |||||
Declared quarterly cash dividend | $ 0.28 | ||||
Common Stock, Special Cash Dividends, Per Share, Declared | $ 0.14 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (35,305) | $ (22,225) | $ (18,999) | $ (6,295) | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (13,401) | 626 | (12,377) | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | [1] | 164 | 230 | (327) | |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (13,237) | 856 | (12,704) | ||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (33,128) | (19,779) | (12,704) | 386 | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (13,425) | (3,391) | (12,338) | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | [1] | (81) | 7 | (752) | |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (13,506) | (3,384) | (13,090) | ||
Accumulated Defined Benefit Plans Adjustment [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (2,177) | (2,446) | (6,295) | $ (6,681) | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 24 | 4,017 | (39) | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | [1] | 245 | 223 | 425 | |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | $ 269 | 4,240 | 386 | ||
Accounting Standards Update 2016-01 [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | ||||
Accounting Standards Update 2016-01 [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 157 | ||||
Accounting Standards Update 2016-01 [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | ||||
Accounting Standards Update 2016-01 [Member] | Accumulated Other Comprehensive Income [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 157 | ||||
Accounting Standards Update 2018-02 [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | ||||
Accounting Standards Update 2018-02 [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (3,691) | ||||
Accounting Standards Update 2018-02 [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (391) | ||||
Accounting Standards Update 2018-02 [Member] | Accumulated Other Comprehensive Income [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (4,082) | $ (4,082) | |||
[1] | See following table for details about these reclassifications. |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income Amounts reclassified from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||||||||||
Investment securities gains (losses), net | $ (89) | $ (11) | $ 1,181 | ||||||||||
Income before income taxes | $ 55,482 | $ 57,821 | $ 51,748 | $ 46,785 | $ 40,851 | [1] | $ 59,107 | $ 38,252 | $ 39,773 | 211,836 | 177,983 | 149,781 | |
Income Tax Expense (Benefit) | (10,734) | (11,406) | (9,999) | (6,815) | (25,123) | [1] | (18,338) | (11,120) | (10,574) | (38,954) | (65,155) | (44,915) | |
Net income | $ 44,748 | $ 46,415 | $ 41,749 | $ 39,970 | 15,728 | [1] | $ 40,769 | $ 27,132 | $ 29,199 | 172,882 | 112,828 | 104,866 | |
Compensation and employee benefits | 200,199 | 169,674 | 150,282 | ||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | |||||||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||||||||||
Investment securities gains (losses), net | 106 | (11) | 1,181 | ||||||||||
Income before income taxes | 106 | (11) | 1,181 | ||||||||||
Income Tax Expense (Benefit) | (25) | 4 | (429) | ||||||||||
Net income | 81 | (7) | 752 | ||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | |||||||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||||||||||
Income before income taxes | (319) | (350) | (668) | ||||||||||
Income Tax Expense (Benefit) | 74 | 127 | 243 | ||||||||||
Net income | (245) | (223) | (425) | ||||||||||
Compensation and employee benefits | $ (319) | (350) | (668) | ||||||||||
Accounting Standards Update 2018-02 [Member] | |||||||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||||||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | ||||||||||||
Accounting Standards Update 2018-02 [Member] | Accumulated Other Comprehensive Income [Member] | |||||||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||||||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (4,082) | (4,082) | $ (4,082) | ||||||||||
Accounting Standards Update 2018-02 [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | |||||||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||||||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (3,691) | (3,691) | |||||||||||
Accounting Standards Update 2018-02 [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | |||||||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||||||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (391) | $ (391) | |||||||||||
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. |
Fair Value Accounting and Mea_3
Fair Value Accounting and Measurement (Financial Assets And Liabilities Accounted for Fair Value On Recurring Basis) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Description | 0 | 5.1 |
Securities available for sale | $ 3,167,448 | $ 2,737,751 |
Equity Securities at fair value | 0 | 5,080 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 3,167,448 | 2,737,751 |
Equity Securities at fair value | 5,080 | |
Other assets (Interest rate contracts) | 7,033 | 6,707 |
Other liabilities (Interest rate contracts) | 7,033 | 6,714 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 248 | 248 |
Equity Securities at fair value | 5,080 | |
Other assets (Interest rate contracts) | 0 | 0 |
Other liabilities (Interest rate contracts) | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 3,167,200 | 2,737,503 |
Equity Securities at fair value | 0 | |
Other assets (Interest rate contracts) | 7,033 | 6,707 |
Other liabilities (Interest rate contracts) | 7,033 | 6,714 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Equity Securities at fair value | 0 | |
Other assets (Interest rate contracts) | 0 | 0 |
Other liabilities (Interest rate contracts) | 0 | 0 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 2,188,290 | 1,726,725 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 2,188,290 | 1,726,725 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
State and Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 574,323 | 596,004 |
State and Municipal Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 574,323 | 596,004 |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 574,323 | 596,004 |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
U.S. Government Agency [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 404,587 | 414,774 |
U.S. Government Agency [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
U.S. Government Agency [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 404,587 | 414,774 |
U.S. Government Agency [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
US Government Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 248 | 248 |
US Government Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 248 | 248 |
US Government Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 248 | 248 |
US Government Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
US Government Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 0 | $ 0 |
Fair Value Accounting and Mea_4
Fair Value Accounting and Measurement (Financial Assets Accounted For Fair Value On Nonrecurring Basis) (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | $ 11,555 | $ 6,577 |
Fair Value, Option, Changes in Fair Value, Gain (Loss) | (1,821) | (2,746) |
Other Real Estate Owned Fair Value | 1,423 | |
Assets, Fair Value Disclosure | 11,555 | 8,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Other Real Estate Owned Fair Value | 0 | |
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Other Real Estate Owned Fair Value | 0 | |
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 11,555 | 6,577 |
Other Real Estate Owned Fair Value | 1,423 | |
Other Real Estate Owned, Fair Value Disclosure | 1,423 | |
Assets, Fair Value Disclosure | 11,555 | 8,000 |
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ (1,821) | (2,507) |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ (239) |
Fair Value Accounting and Mea_5
Fair Value Accounting and Measurement (Quantitative Information About Level 3 Fair Value Measurements) (Details) - Fair Value, Measurements, Nonrecurring [Member] $ in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired loans | $ 11,555 | $ 6,577 |
Other Real Estate Owned Fair Value | 1,423 | |
Fair Value, Option, Changes in Fair Value, Gain (Loss) | (1,821) | (2,746) |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired loans | 11,555 | 6,577 |
Other Real Estate Owned Fair Value | 1,423 | |
Other Real Estate Owned, Fair Value Disclosure | 1,423 | |
Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ (1,821) | (2,507) |
Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ (239) | |
Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans, Measurement Input | 0.0034 | 0.0375 |
Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans, Measurement Input | 0.0034 | 0.0775 |
Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans, Measurement Input | 0.0034 | 0.0412 |
Collateral-Dependent [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired loans | $ 8,394 | $ 3,519 |
Collateral-Dependent [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans, Measurement Input | 0 | |
Collateral-Dependent [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans, Measurement Input | 0.7004 | |
Collateral-Dependent [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans, Measurement Input | 0.0702 | |
Not Collateral-Dependent [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired loans | $ 3,161 | $ 3,058 |
Fair Value Accounting and Mea_6
Fair Value Accounting and Measurement (Carrying Amounts and Estimated Fair Values of Selected Financial Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Assets | ||
Interest-earning deposits with banks | $ 17,407 | $ 97,918 |
Debt Securities, Available-for-sale | 3,167,448 | 2,737,751 |
Equity Securities at fair value | 0 | 5,080 |
Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 260,180 | 244,615 |
Interest-earning deposits with banks | 17,407 | 97,918 |
Debt Securities, Available-for-sale | 3,167,448 | 2,737,751 |
Equity Securities at fair value | 5,080 | |
FHLB stock | 25,960 | 10,440 |
Loans held for sale | 3,849 | 5,766 |
Loans | 8,316,946 | 8,055,817 |
Interest rate contracts | 7,033 | 6,707 |
Liabilities | ||
Time Deposits | 407,659 | 483,095 |
FHLB Advances | 400,085 | 12,281 |
Repurchase agreements | 61,094 | 79,070 |
Interest rate contracts | 7,033 | 6,714 |
Subordinated Debt Obligations, Fair Value Disclosure | 34,897 | 35,895 |
Other Liabilities, Fair Value Disclosure | 8,248 | |
Reported Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 260,180 | 244,615 |
Interest-earning deposits with banks | 17,407 | 97,918 |
Debt Securities, Available-for-sale | 3,167,448 | 2,737,751 |
Equity Securities at fair value | 5,080 | |
FHLB stock | 25,960 | 10,440 |
Loans held for sale | 3,849 | 5,766 |
Loans | 8,308,142 | 8,283,011 |
Interest rate contracts | 7,033 | 6,707 |
Liabilities | ||
Time Deposits | 414,443 | 490,288 |
FHLB Advances | 399,523 | 11,579 |
Repurchase agreements | 61,094 | 79,059 |
Interest rate contracts | 7,033 | 6,714 |
Subordinated Debt Obligations, Fair Value Disclosure | 35,462 | 35,647 |
Other Liabilities, Fair Value Disclosure | 8,248 | |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 260,180 | 244,615 |
Interest-earning deposits with banks | 17,407 | 97,918 |
Debt Securities, Available-for-sale | 248 | 248 |
Equity Securities at fair value | 5,080 | |
FHLB stock | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans | 0 | 0 |
Interest rate contracts | 0 | 0 |
Liabilities | ||
Time Deposits | 0 | 0 |
FHLB Advances | 0 | 0 |
Repurchase agreements | 0 | 0 |
Interest rate contracts | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
Other Liabilities, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 0 | 0 |
Interest-earning deposits with banks | 0 | 0 |
Debt Securities, Available-for-sale | 3,167,200 | 2,737,503 |
Equity Securities at fair value | 0 | |
FHLB stock | 25,960 | 10,440 |
Loans held for sale | 3,849 | 5,766 |
Loans | 0 | 0 |
Interest rate contracts | 7,033 | 6,707 |
Liabilities | ||
Time Deposits | 407,659 | 483,095 |
FHLB Advances | 400,085 | 12,281 |
Repurchase agreements | 61,094 | 79,070 |
Interest rate contracts | 7,033 | 6,714 |
Subordinated Debt Obligations, Fair Value Disclosure | 34,897 | 35,895 |
Other Liabilities, Fair Value Disclosure | 8,248 | |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 0 | 0 |
Interest-earning deposits with banks | 0 | 0 |
Debt Securities, Available-for-sale | 0 | 0 |
Equity Securities at fair value | 0 | |
FHLB stock | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans | 8,316,946 | 8,055,817 |
Interest rate contracts | 0 | 0 |
Liabilities | ||
Time Deposits | 0 | 0 |
FHLB Advances | 0 | 0 |
Repurchase agreements | 0 | 0 |
Interest rate contracts | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | $ 0 | 0 |
Other Liabilities, Fair Value Disclosure | $ 0 |
Earnings Per Common Share (Sche
Earnings Per Common Share (Schedule of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | [1] | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||||||||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||||||||||||||||||||
Basic earnings allocated to common shareholders | $ 170,990 | $ 111,324 | $ 103,310 | ||||||||||||||||||
Net income | $ 44,748 | $ 46,415 | $ 41,749 | $ 39,970 | $ 15,728 | $ 40,769 | $ 27,132 | $ 29,199 | 172,882 | 112,828 | 104,866 | ||||||||||
Earnings allocated to participating securities - preferred shares | 0 | 3 | 185 | ||||||||||||||||||
Earnings allocated to participating securities - nonvested restricted shares | $ 1,892 | $ 1,501 | $ 1,371 | ||||||||||||||||||
Weighted average common shares outstanding | 72,385 | 59,882 | 57,184 | ||||||||||||||||||
Basic earnings per common share | $ 0.61 | [3] | $ 0.63 | [3] | $ 0.57 | [3] | $ 0.55 | [3] | $ 0.23 | [3] | $ 0.70 | [3] | $ 0.47 | [3] | $ 0.50 | [3] | $ 2.36 | [3] | $ 1.86 | [3] | $ 1.81 |
Earnings allocated to common shareholders, Diluted | $ 170,990 | $ 111,324 | $ 103,310 | ||||||||||||||||||
Weighted average number of common shares outstanding | 72,385 | 59,882 | 57,184 | ||||||||||||||||||
Dilutive effect of equity awards and warrants | 5 | 6 | 9 | ||||||||||||||||||
Weighted average diluted common shares outstanding | 72,390 | 59,888 | 57,193 | ||||||||||||||||||
Diluted earnings per common share | $ 0.61 | [3] | $ 0.63 | [3] | $ 0.57 | [3] | $ 0.55 | [3] | $ 0.23 | [3] | $ 0.70 | [3] | $ 0.47 | [3] | $ 0.50 | [3] | $ 2.36 | [3] | $ 1.86 | [3] | $ 1.81 |
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive. | 4 | 13 | 19 | ||||||||||||||||||
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. | ||||||||||||||||||||
[3] | Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year. |
Share-Based Payments (Share Awa
Share-Based Payments (Share Awards) (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||
Allocated Share-based Compensation Expense | $ 8.4 | $ 7.7 | $ 5 | |
Share-based compensation, number authorized (in shares) | 3,050,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 814,140 | 805,706 | 818,755 | 665,702 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ 36.43 | $ 32.23 | $ 27.19 | $ 25.80 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 306,592 | 337,384 | 335,593 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 41.47 | $ 38.51 | $ 28.40 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | (237,146) | (253,509) | (153,235) | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 28.78 | $ 25.67 | $ 23.80 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | (61,012) | (96,924) | (29,305) | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period, Weighted Average Grant Date Fair Value | $ 35.92 | $ 28.97 | $ 27.13 | |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $ 20.5 | |||
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | 2 years 3 months 16 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | $ 6.7 | $ 6.5 | $ 3.6 |
Share-Based Payments (Share Opt
Share-Based Payments (Share Options) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | $ 8,400 | $ 7,700 | $ 5,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Balance at beginning of year (in shares) | 18,326 | ||
Granted (in shares) | 0 | 0 | 0 |
Expired (in shares) | (11,700) | ||
Exercised (in shares) | (1,112) | ||
Balance at end of year (in shares) | 5,514 | 18,326 | |
Total Exercisable Shares | 5,514 | ||
Weighted Average Exercise Price at beginning of year | $ 38.88 | ||
Weighted Average Exercise Price, Expired | 54.63 | ||
Weighted Average Exercise Price, Exercised | 16.84 | ||
Weighted Average Exercise Price at end of year | 9.91 | $ 38.88 | |
Exercisable, Weighted Average Exercise Price | $ 9.91 | ||
Weighted Average Remaining Contractual Term | 3 months 25 days | ||
Aggregate Intrinsic Value | $ 145 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | 5,514 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ 9.91 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term | 3 months 25 days | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $ 145 | ||
Exercisable, Weighted Average Remaining Contractual Term | 3 months 25 days | ||
Exercisable, Aggregate Intrinsic Value | $ 145 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | 29 | $ 67 | $ 232 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Abstract] | |||
Stock-based compensation expense | $ 8,354 | $ 7,745 | $ 5,009 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 0 | 0 | 0 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range From 0.00 To 9.99 [Member] | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Abstract] | |||
Range of Exercise Prices, Lower Limit | $ 0 | ||
Range of Exercise Prices, Upper Limit | $ 9.99 | ||
Number of Option Shares | 5,514 | ||
Weighted Average Remaining Contractual Life | 3 months 25 days | ||
Weighted Average Exercise Price of Option Shares | $ 9.91 | ||
Number of Exercisable Option Shares | 5,514 | ||
Weighted Average Exercise Price of Exercisable Option Shares | $ 9.91 | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range From 40.00 To 49.99 [Member] | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Abstract] | |||
Range of Exercise Prices, Lower Limit | 40 | ||
Range of Exercise Prices, Upper Limit | 49.99 | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range From 50.00 To 136.93 [Member] | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Abstract] | |||
Range of Exercise Prices, Lower Limit | 50 | ||
Range of Exercise Prices, Upper Limit | $ 136.93 | ||
Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share Based Compensation Arrangement By Share Based Payment Award, Exercisable Period | 5 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||
Share Based Compensation Arrangement By Share Based Payment Award, Maximum Term | 10 years |
Income Tax (Details)
Income Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Income Tax Contingency [Line Items] | |||||||||||||
Current Federal Tax Expense (Benefit) | $ 33,400 | $ 39,708 | $ 41,365 | ||||||||||
Federal operating loss carryforwards, set to begin to expire in 2024 | $ 20,200 | 20,200 | |||||||||||
Idaho state operating loss carryforwards, set to begin to expire in 2024 | 18,700 | 18,700 | |||||||||||
Interest and penalties on unrecognized tax benefits | 0 | 0 | |||||||||||
State operating loss carryforwards, set to begin to expire in 2024 | 132 | 132 | |||||||||||
Unrecognized tax position | 0 | $ 0 | 0 | 0 | |||||||||
Current State and Local Tax Expense (Benefit) | 5,446 | 3,016 | 1,704 | ||||||||||
Current tax (benefit) expense | 38,846 | 42,724 | 43,069 | ||||||||||
Deferred State and Local Income Tax Expense (Benefit) | 399 | 907 | 1,296 | ||||||||||
Deferred Federal Income Tax Expense (Benefit) | (291) | 21,524 | 550 | ||||||||||
Deferred tax expense (benefit) | 108 | 22,431 | 1,846 | ||||||||||
Income tax provision | 10,734 | $ 11,406 | $ 9,999 | $ 6,815 | 25,123 | [1] | $ 18,338 | $ 11,120 | $ 10,574 | 38,954 | 65,155 | 44,915 | |
Deferred tax assets: | |||||||||||||
Allowance for loan and lease losses | 20,578 | 18,315 | 20,578 | 18,315 | |||||||||
Supplemental executive retirement plan | 9,501 | 9,539 | 9,501 | 9,539 | |||||||||
Stock option and restricted stock | 1,850 | 1,438 | 1,850 | 1,438 | |||||||||
OREO | 288 | 521 | 288 | 521 | |||||||||
Nonaccrual interest | 446 | 163 | 446 | 163 | |||||||||
Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross | 10,129 | 5,992 | 10,129 | 5,992 | |||||||||
Deferred Tax Assets, Operating Loss Carryforwards | 5,356 | 7,259 | 5,356 | 7,259 | |||||||||
Other | (733) | (985) | (733) | (985) | |||||||||
Total deferred tax assets | 48,881 | 44,212 | 48,881 | 44,212 | |||||||||
Deferred tax liabilities: | |||||||||||||
Asset purchase tax basis difference | (7,229) | (5,709) | (7,229) | (5,709) | |||||||||
FHLB stock dividends | (790) | (782) | (790) | (782) | |||||||||
Deferred loan fees | (4,399) | (4,505) | (4,399) | (4,505) | |||||||||
Deferred tax liabilities, purchase accounting | (9,245) | (9,088) | (9,245) | (9,088) | |||||||||
Depreciation | (2,609) | (1,581) | (2,609) | (1,581) | |||||||||
Deferred Tax Liabilities, Other | (195) | (2,036) | (195) | (2,036) | |||||||||
Total deferred tax liabilities | 24,467 | 23,701 | 24,467 | 23,701 | |||||||||
Net deferred tax (liability) asset | 24,414 | 20,511 | 24,414 | 20,511 | |||||||||
Reconciliation of effective income tax rate with federal statutory tax rate | |||||||||||||
Income tax based on statutory rate | $ 44,485 | $ 62,262 | $ 52,424 | ||||||||||
Income tax based on statutory rate, percent | 21.00% | 35.00% | 35.00% | ||||||||||
Federal income tax rate 2018 | 21.00% | ||||||||||||
Tax exempt instrument | $ (6,423) | $ (8,485) | $ (7,433) | ||||||||||
Tax exempt instrument, percent | (3.00%) | (5.00%) | (5.00%) | ||||||||||
Life insurance proceeds | $ (1,261) | $ (3,351) | $ (1,680) | ||||||||||
Life insurance proceeds, percent | (1.00%) | (2.00%) | (1.00%) | ||||||||||
effective income tax rate reconciliation, nondeductible expense, business combination, amount | $ 0 | $ 825 | $ 0 | ||||||||||
effective income tax rate reconciliation, nondeductible expense, business combination, percent | 0.00% | 1.00% | 0.00% | ||||||||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | $ 0 | $ 12,210 | $ 0 | ||||||||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent | 0.00% | 7.00% | 0.00% | ||||||||||
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount | $ 4,931 | $ 2,550 | $ 1,950 | ||||||||||
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 2.00% | 1.00% | 1.00% | ||||||||||
Other, net | $ (2,778) | $ (856) | $ (346) | ||||||||||
Other, net, percent | (1.00%) | 0.00% | 0.00% | ||||||||||
Income tax provision | $ 10,734 | $ 11,406 | $ 9,999 | $ 6,815 | $ 25,123 | [1] | $ 18,338 | $ 11,120 | $ 10,574 | $ 38,954 | $ 65,155 | $ 44,915 | |
Income tax provision (benefit), percent | 18.00% | 37.00% | 30.00% | ||||||||||
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. |
Regulatory Capital Requiremen_3
Regulatory Capital Requirements (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Common Equity Tier One Capital | $ 1,253,394 | $ 1,158,252 |
Capital Conservation Buffer | 5.992% | |
Common Equity Tier 1 Capital to Risk Weighted Assets | 12.7401% | 11.7421% |
Common Equity Tier One Capital Required for Capital Adequacy | $ 442,717 | $ 443,886 |
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% |
Common Equity Tier One Capital Required for Capital Adequacy plus capital conservation buffer phase-in | $ 627,182 | $ 567,187 |
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer phase-in | 6.38% | 5.75% |
Common Equity Tier One Capital Required for Capital Adequacy - minimum required plus fully phased in capital conservation buffer | $ 688,670 | $ 690,489 |
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer fully phased-in | 7.00% | 7.00% |
Total Capital, Actual Amount | $ 1,376,555 | $ 1,280,326 |
Total Capital (to risk-weighted assets), Ratio | 13.992% | 12.9796% |
Total Capital For Capital Adequacy Purposes, Amount | $ 787,052 | $ 789,130 |
Total Capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Capital Required for Capital Adequacy plus capital conservation buffer phase-in | $ 971,517 | $ 912,432 |
Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer phase-in | 9.88% | 9.25% |
Capital Required for Capital Adequacy plus capital conservation buffer fully phased-in | $ 1,033,006 | $ 1,035,734 |
Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer fully phased-in | 10.50% | 10.50% |
Tier 1 Capital, Actual Amount | $ 1,253,394 | $ 1,165,903 |
Tier 1 Capital (to risk-weighted assets), Ratio | 12.7401% | 11.8196% |
Tier 1 Capital For Capital Adequacy Purposes, Amount | $ 590,289 | $ 591,848 |
Tier 1 Capital (to risk-weighted assets) For Capital Adequacy Purposes, Ratio | 6.00% | 6.00% |
Tier One Risk Based Capital Required for Capital Adequacy plus capital conservation buffer phase-in | $ 774,754 | $ 715,149 |
Tier One Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer phase-in | 7.88% | 7.25% |
Tier One Risk Based Capital Required for Capital Adequacy plus capital conservation buffer fully phased-in | $ 836,243 | $ 838,451 |
Tier One Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer fully phased-in | 8.50% | 8.50% |
Tier 1 Capital, Actual Amount | $ 1,253,394 | $ 1,165,903 |
Tier 1 Capital (to average assets), Ratio | 10.2444% | 10.9611% |
Tier 1 Capital For Capital Adequacy Purposes, Amount | $ 489,399 | $ 425,469 |
Tier 1 Capital (to average assets) For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Banking Subsidiaries [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Common Equity Tier One Capital | $ 1,274,317 | $ 1,184,476 |
Capital Conservation Buffer | 5.8494% | |
Common Equity Tier 1 Capital to Risk Weighted Assets | 12.9576% | 12.0133% |
Common Equity Tier One Capital Required for Capital Adequacy | $ 442,552 | $ 443,687 |
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% |
Common Equity Tier One Capital Required for Capital Adequacy plus capital conservation buffer phase-in | $ 626,948 | $ 566,933 |
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer phase-in | 6.38% | 5.75% |
Common Equity Tier One Capital Required for Capital Adequacy - minimum required plus fully phased in capital conservation buffer | $ 688,414 | $ 690,180 |
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer fully phased-in | 7.00% | 7.00% |
Common Equity Tier One Risk Based Capital Required to be Well Capitalized | $ 639,241 | $ 640,881 |
Common Equity Tier 1 Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% |
Total Capital, Actual Amount | $ 1,362,016 | $ 1,263,252 |
Total Capital (to risk-weighted assets), Ratio | 13.8494% | 12.8123% |
Total Capital For Capital Adequacy Purposes, Amount | $ 786,759 | $ 788,777 |
Total Capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Capital Required for Capital Adequacy plus capital conservation buffer phase-in | $ 971,155 | $ 912,023 |
Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer phase-in | 9.88% | 9.25% |
Capital Required for Capital Adequacy plus capital conservation buffer fully phased-in | $ 1,032,621 | $ 1,035,269 |
Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer fully phased-in | 10.50% | 10.50% |
Total Capital To Be Well Capitalized Under Prompt Corrective Action Provision, Amount | $ 983,448 | $ 985,971 |
Total Capital (to risk-weighted assets) To Be Well Capitalized Under Prompt Corrective Action Provision | 10.00% | 10.00% |
Tier 1 Capital, Actual Amount | $ 1,274,317 | $ 1,184,476 |
Tier 1 Capital (to risk-weighted assets), Ratio | 12.9576% | 12.0133% |
Tier 1 Capital For Capital Adequacy Purposes, Amount | $ 590,069 | $ 591,582 |
Tier 1 Capital (to risk-weighted assets) For Capital Adequacy Purposes, Ratio | 6.00% | 6.00% |
Tier One Risk Based Capital Required for Capital Adequacy plus capital conservation buffer phase-in | $ 774,465 | $ 714,829 |
Tier One Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer phase-in | 7.88% | 7.25% |
Tier One Risk Based Capital Required for Capital Adequacy plus capital conservation buffer fully phased-in | $ 835,931 | $ 838,075 |
Tier One Based Capital Required for Capital Adequacy to Risk Weighted Assets plus capital conservation buffer fully phased-in | 8.50% | 8.50% |
Tier 1 Capital To Be Well Capitalized Under Prompt Corrective Action Provision, Amount | $ 786,759 | $ 788,777 |
Tier 1 Capital (to risk-weighted assets) To Be Well Capitalized Under Prompt Corrective Action Provision, Ratio | 8.00% | 8.00% |
Tier 1 Capital, Actual Amount | $ 1,274,317 | $ 1,184,476 |
Tier 1 Capital (to average assets), Ratio | 10.4185% | 10.8186% |
Tier 1 Capital For Capital Adequacy Purposes, Amount | $ 489,254 | $ 437,939 |
Tier 1 Capital (to average assets) For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier 1 Capital To Be Well Capitalized Under Prompt Corrective Provision, Amount | $ 611,567 | $ 547,423 |
Tier 1 Capital (to average assets) To Be Well Capitalized Under Prompt Corrective Provision, Ratio | 5.00% | 5.00% |
Parent Company Financial Info_3
Parent Company Financial Information (Condensed Balance Sheets) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Assets | ||||
Cash and due from banks | $ 260,180 | $ 244,615 | ||
Interest-earning deposits | 17,407 | 97,918 | ||
Total cash and cash equivalents | 277,587 | 342,533 | $ 224,238 | $ 175,302 |
Goodwill | 765,842 | 765,842 | 382,762 | 382,762 |
Other assets | 280,250 | 284,621 | ||
Total Assets | 13,095,145 | 12,716,886 | ||
Subordinated Debt | 35,462 | 35,647 | ||
Junior Subordinated Notes | 0 | 8,248 | ||
Liabilities and Shareholders’ Equity | ||||
Other liabilities | 107,291 | 100,346 | ||
Total liabilities | 11,061,496 | 10,766,964 | ||
Shareholders’ equity | 2,033,649 | 1,949,922 | 1,251,012 | 1,242,128 |
Total liabilities and shareholders' equity | 13,095,145 | 12,716,886 | ||
Parent Company [Member] | ||||
Assets | ||||
Cash and due from banks | 945 | 533 | ||
Interest-earning deposits | 7,226 | 8,765 | ||
Total cash and cash equivalents | 8,171 | 9,298 | $ 2,447 | $ 3,989 |
Goodwill | 4,729 | 4,729 | ||
Other assets | 1,595 | 3,426 | ||
Total Assets | 2,069,662 | 1,994,398 | ||
Subordinated Debt | 35,462 | 35,647 | ||
Junior Subordinated Notes | 0 | 8,248 | ||
Liabilities and Shareholders’ Equity | ||||
Other liabilities | 551 | 581 | ||
Total liabilities | 36,013 | 44,476 | ||
Shareholders’ equity | 2,033,649 | 1,949,922 | ||
Total liabilities and shareholders' equity | 2,069,662 | 1,994,398 | ||
Banking Subsidiaries [Member] | Parent Company [Member] | ||||
Assets | ||||
Investment in subsidiaries | 2,049,855 | 1,971,788 | ||
Other Subsidiaries [Member] | Parent Company [Member] | ||||
Assets | ||||
Investment in subsidiaries | $ 5,312 | $ 5,157 |
Parent Company Financial Info_4
Parent Company Financial Information (Condensed Statements of Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | [1] | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income | |||||||||||||
Deposits in banks | $ 702 | $ 813 | $ 216 | ||||||||||
Expense | |||||||||||||
Compensation and employee benefits | 200,199 | 169,674 | 150,282 | ||||||||||
Interest Expense, Subordinated Notes and Debentures | 1,871 | 304 | 0 | ||||||||||
Other borrowings | 504 | 575 | 545 | ||||||||||
Other expense | 36,627 | 34,161 | 28,362 | ||||||||||
Income before income tax benefit and equity in undistributed (excess distributed) earnings of subsidiaries | $ 55,482 | $ 57,821 | $ 51,748 | $ 46,785 | $ 40,851 | $ 59,107 | $ 38,252 | $ 39,773 | 211,836 | 177,983 | 149,781 | ||
Provision for income taxes | 10,734 | 11,406 | 9,999 | 6,815 | 25,123 | 18,338 | 11,120 | 10,574 | 38,954 | 65,155 | 44,915 | ||
Net income | $ 44,748 | $ 46,415 | $ 41,749 | $ 39,970 | $ 15,728 | $ 40,769 | $ 27,132 | $ 29,199 | 172,882 | 112,828 | 104,866 | ||
Parent Company [Member] | |||||||||||||
Income | |||||||||||||
Dividend from banking subsidiaries | 85,250 | 66,800 | 83,500 | ||||||||||
Deposits in banks | 12 | 2 | 4 | ||||||||||
Other income | 56 | 8 | 8 | ||||||||||
Total Income | 85,318 | 66,810 | 83,512 | ||||||||||
Expense | |||||||||||||
Compensation and employee benefits | 978 | 732 | 543 | ||||||||||
Interest Expense, Subordinated Notes and Debentures | 1,871 | 304 | 0 | ||||||||||
Other borrowings | 4 | 60 | 0 | ||||||||||
Other expense | 2,058 | 3,090 | 1,608 | ||||||||||
Total Expenses | 4,911 | 4,186 | 2,151 | ||||||||||
Income before income tax benefit and equity in undistributed (excess distributed) earnings of subsidiaries | 80,407 | 62,624 | 81,361 | ||||||||||
Provision for income taxes | (1,017) | (548) | (748) | ||||||||||
Income before equity in undistributed earnings of subsidiaries | 81,424 | 63,172 | 82,109 | ||||||||||
Equity in undistributed earnings of subsidiaries | 91,458 | 49,656 | 22,757 | ||||||||||
Net income | $ 172,882 | $ 112,828 | $ 104,866 | ||||||||||
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. |
Parent Company Financial Info_5
Parent Company Financial Information (Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Condensed Financial Statements, Captions [Line Items] | |||||||||||||
Stock Issued | $ 0 | $ 636,385 | $ 0 | ||||||||||
Operating Activities | |||||||||||||
Net income | $ 44,748 | $ 46,415 | $ 41,749 | $ 39,970 | $ 15,728 | [1] | $ 40,769 | $ 27,132 | $ 29,199 | 172,882 | 112,828 | 104,866 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
Stock-based compensation expense | 8,354 | 7,745 | 5,009 | ||||||||||
Net cash provided by operating activities | 237,201 | 128,525 | 145,847 | ||||||||||
Net cash received in business combinations | 0 | 80,472 | 0 | ||||||||||
Investing Activities | |||||||||||||
Net cash provided by investing activities | (506,083) | (199,489) | (548,553) | ||||||||||
Financing Activities | |||||||||||||
Payments of Ordinary Dividends, Preferred Stock and Preference Stock | 0 | 0 | (157) | ||||||||||
Cash dividends paid | (83,440) | (51,308) | (88,677) | ||||||||||
Repayments of Subordinated Debt | 8,248 | 6,186 | 0 | ||||||||||
Payments for Repurchase of Equity | 0 | (7,345) | 0 | ||||||||||
Purchase and retirement of common stock | (2,677) | (2,299) | (1,125) | ||||||||||
Proceeds from exercise of stock options | 1,857 | 1,980 | 1,349 | ||||||||||
Excess tax benefit from stock-based compensation | 0 | 0 | 344 | ||||||||||
Net cash provided by financing activities | 203,936 | 189,259 | 451,642 | ||||||||||
Increase (decrease) in cash and cash equivalents | (64,946) | 118,295 | 48,936 | ||||||||||
Cash and cash equivalents at beginning of period | 342,533 | 224,238 | 342,533 | 224,238 | 175,302 | ||||||||
Cash and cash equivalents at end of period | 277,587 | 342,533 | 277,587 | 342,533 | 224,238 | ||||||||
Parent Company [Member] | |||||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||||
Stock Issued | 0 | 636,385 | 0 | ||||||||||
Operating Activities | |||||||||||||
Net income | 172,882 | 112,828 | 104,866 | ||||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
Equity in undistributed earnings of subsidiaries | (91,458) | (49,656) | (22,757) | ||||||||||
Stock-based compensation expense | 8,354 | 7,745 | 5,009 | ||||||||||
Net changes in other assets and liabilities | 1,622 | 1,672 | (394) | ||||||||||
Net cash provided by operating activities | 91,400 | 72,589 | 86,724 | ||||||||||
Net cash received in business combinations | 0 | (580) | 0 | ||||||||||
Investing Activities | |||||||||||||
Net cash provided by investing activities | 0 | (580) | 0 | ||||||||||
Financing Activities | |||||||||||||
Payments of Ordinary Dividends, Preferred Stock and Preference Stock | 0 | 0 | (157) | ||||||||||
Cash dividends paid | (83,459) | (51,308) | (88,677) | ||||||||||
Repayments of Subordinated Debt | 8,248 | 6,186 | 0 | ||||||||||
Payments for Repurchase of Equity | 0 | 7,345 | 0 | ||||||||||
Purchase and retirement of common stock | (2,677) | (2,299) | (1,125) | ||||||||||
Proceeds from exercise of stock options | 1,857 | 1,980 | 1,349 | ||||||||||
Excess tax benefit from stock-based compensation | 0 | 0 | 344 | ||||||||||
Net cash provided by financing activities | (92,527) | (65,158) | (88,266) | ||||||||||
Increase (decrease) in cash and cash equivalents | (1,127) | 6,851 | (1,542) | ||||||||||
Cash and cash equivalents at beginning of period | $ 9,298 | $ 2,447 | 9,298 | 2,447 | 3,989 | ||||||||
Cash and cash equivalents at end of period | $ 8,171 | $ 9,298 | $ 8,171 | $ 9,298 | $ 2,447 | ||||||||
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. |
Summary Of Quarterly Financia_3
Summary Of Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | [1] | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||
Total interest income | $ 129,801 | $ 127,575 | $ 120,549 | $ 119,144 | $ 108,841 | $ 90,303 | $ 87,786 | $ 87,816 | $ 497,069 | $ 374,746 | $ 337,969 | ||||||||||
Total interest expense | 5,913 | 4,779 | 3,875 | 3,663 | 2,617 | 1,374 | 1,625 | 1,141 | 18,230 | 6,757 | 4,350 | ||||||||||
Net Interest Income | 123,888 | 122,796 | 116,674 | 115,481 | 106,224 | 88,929 | 86,161 | 86,675 | 478,839 | 367,989 | 333,619 | ||||||||||
Provision for loan and lease losses | 1,789 | 3,153 | 3,975 | 5,852 | 3,327 | (648) | 3,177 | 2,775 | 14,769 | 8,631 | 10,778 | ||||||||||
Noninterest income | 20,402 | 21,019 | 23,692 | 23,143 | 23,581 | 37,067 | 24,135 | 24,859 | 88,256 | 109,642 | 88,082 | ||||||||||
Noninterest expense | 87,019 | 82,841 | 84,643 | 85,987 | 85,627 | 67,537 | 68,867 | 68,986 | 340,490 | 291,017 | 261,142 | ||||||||||
Income before income taxes | 55,482 | 57,821 | 51,748 | 46,785 | 40,851 | 59,107 | 38,252 | 39,773 | 211,836 | 177,983 | 149,781 | ||||||||||
Provision for income taxes | 10,734 | 11,406 | 9,999 | 6,815 | 25,123 | 18,338 | 11,120 | 10,574 | 38,954 | 65,155 | 44,915 | ||||||||||
Net income | $ 44,748 | $ 46,415 | $ 41,749 | $ 39,970 | $ 15,728 | $ 40,769 | $ 27,132 | $ 29,199 | $ 172,882 | $ 112,828 | $ 104,866 | ||||||||||
Per Common Share | |||||||||||||||||||||
Earnings (basic) | $ 0.61 | [3] | $ 0.63 | [3] | $ 0.57 | [3] | $ 0.55 | [3] | $ 0.23 | [3] | $ 0.70 | [3] | $ 0.47 | [3] | $ 0.50 | [3] | $ 2.36 | [3] | $ 1.86 | [3] | $ 1.81 |
Earnings (diluted) | $ 0.61 | [3] | $ 0.63 | [3] | $ 0.57 | [3] | $ 0.55 | [3] | $ 0.23 | [3] | $ 0.70 | [3] | $ 0.47 | [3] | $ 0.50 | [3] | $ 2.36 | [3] | $ 1.86 | [3] | $ 1.81 |
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. | ||||||||||||||||||||
[3] | Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year. |
Revenue from Contracts with C_3
Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | [1] | Sep. 30, 2017 | [2] | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disaggregation of Revenue [Line Items] | |||||||||||||
Deposit account and treasury management fees | $ 36,072 | $ 30,381 | $ 28,500 | ||||||||||
Card revenue | 19,719 | 25,627 | 23,620 | ||||||||||
Financial services and trust revenue | 12,135 | 11,478 | 11,266 | ||||||||||
Revenue from contracts with customers | 67,926 | ||||||||||||
Noninterest income, excluding revenue from contracts with customers | 20,330 | ||||||||||||
Noninterest income | $ 20,402 | $ 21,019 | $ 23,692 | $ 23,143 | $ 23,581 | $ 37,067 | $ 24,135 | $ 24,859 | $ 88,256 | $ 109,642 | $ 88,082 | ||
[1] | During the fourth quarter of 2017, Columbia acquired Pacific Continental and also recorded a charge through provision for income taxes related to the re-measurement of our deferred tax assets pursuant to the newly enacted Tax Cuts and Jobs Act. See Note 2, “Business Combinations,” for further information regarding this acquisition. See Note 23, “Income Tax,” for further information regarding the re-measurement of our deferred tax assets. | ||||||||||||
[2] | During the third quarter of 2017, Columbia sold its merchant card services portfolio. |
Subsequent Events (Details)
Subsequent Events (Details) - Subsequent Event [Member] shares in Millions, $ in Millions | Jan. 23, 2019USD ($)shares |
Subsequent Event [Line Items] | |
Derivative, Notional Amount | $ 500 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | shares | 2.9 |
Stock Repurchase Program, Authorized Amount | $ 100 |