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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest Income      
Loans $ 268,279us-gaap_InterestAndFeeIncomeLoansAndLeases $ 266,284us-gaap_InterestAndFeeIncomeLoansAndLeases $ 219,433us-gaap_InterestAndFeeIncomeLoansAndLeases
Taxable securities 28,754us-gaap_InterestIncomeSecuritiesTaxable 20,459us-gaap_InterestIncomeSecuritiesTaxable 18,276us-gaap_InterestIncomeSecuritiesTaxable
Tax-exempt securities 10,830us-gaap_InterestIncomeSecuritiesTaxExempt 9,837us-gaap_InterestIncomeSecuritiesTaxExempt 9,941us-gaap_InterestIncomeSecuritiesTaxExempt
Interest-earning deposits 179us-gaap_InterestIncomeDepositsWithFinancialInstitutions 355us-gaap_InterestIncomeDepositsWithFinancialInstitutions 854us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total interest income 308,042us-gaap_InterestAndDividendIncomeOperating 296,935us-gaap_InterestAndDividendIncomeOperating 248,504us-gaap_InterestAndDividendIncomeOperating
Interest Expense      
Deposits 3,005us-gaap_InterestExpenseDeposits 3,962us-gaap_InterestExpenseDeposits 5,887us-gaap_InterestExpenseDeposits
Federal Home Loan Bank and Federal Reserve Bank borrowings 396us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm (404)us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 2,608us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
Prepayment charge on Federal Home Loan Bank advances 0colb_PrepaymentChargeOnFederalHomeLoanBankAdvances 1,548colb_PrepaymentChargeOnFederalHomeLoanBankAdvances 603colb_PrepaymentChargeOnFederalHomeLoanBankAdvances
Other borrowings 593us-gaap_InterestExpenseOtherShortTermBorrowings 734us-gaap_InterestExpenseOtherShortTermBorrowings 479us-gaap_InterestExpenseOtherShortTermBorrowings
Total interest expense 3,994us-gaap_InterestExpense 5,840us-gaap_InterestExpense 9,577us-gaap_InterestExpense
Net Interest Income 304,048us-gaap_InterestIncomeExpenseNet 291,095us-gaap_InterestIncomeExpenseNet 238,927us-gaap_InterestIncomeExpenseNet
Provision (recapture) for loan and lease losses 6,727us-gaap_ProvisionForLoanAndLeaseLosses (101)us-gaap_ProvisionForLoanAndLeaseLosses 39,367us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision (recapture) for loan and lease losses 297,321us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 291,196us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 199,560us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest Income (Loss)      
Service charges and other fees 55,555us-gaap_FeesAndCommissionsDepositorAccounts 48,351us-gaap_FeesAndCommissionsDepositorAccounts 29,998us-gaap_FeesAndCommissionsDepositorAccounts
Merchant services fees 7,975us-gaap_FeesAndCommissionsOther 8,812us-gaap_FeesAndCommissionsOther 8,154us-gaap_FeesAndCommissionsOther
Gain on sale of investment securities, net 552us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 462us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 3,733us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Bank owned life insurance 3,823us-gaap_BankOwnedLifeInsuranceIncome 3,570us-gaap_BankOwnedLifeInsuranceIncome 2,861us-gaap_BankOwnedLifeInsuranceIncome
Change in FDIC loss sharing asset (19,989)colb_ChangeInFederalDepositInsuranceCorporationLossSharingAsset (45,017)colb_ChangeInFederalDepositInsuranceCorporationLossSharingAsset (24,467)colb_ChangeInFederalDepositInsuranceCorporationLossSharingAsset
Other 11,834us-gaap_NoninterestIncomeOther 10,522us-gaap_NoninterestIncomeOther 6,779us-gaap_NoninterestIncomeOther
Total noninterest income (loss) 59,750us-gaap_NoninterestIncome 26,700us-gaap_NoninterestIncome 27,058us-gaap_NoninterestIncome
Noninterest Expense      
Compensation and employee benefits 130,864us-gaap_LaborAndRelatedExpense 125,432us-gaap_LaborAndRelatedExpense 85,434us-gaap_LaborAndRelatedExpense
Occupancy 32,300us-gaap_OccupancyNet 33,054us-gaap_OccupancyNet 20,031us-gaap_OccupancyNet
Merchant processing 4,006colb_MerchantProcessing 3,551colb_MerchantProcessing 3,612colb_MerchantProcessing
Advertising and promotion 3,964us-gaap_AdvertisingExpense 4,090us-gaap_AdvertisingExpense 3,650us-gaap_AdvertisingExpense
Data processing 15,369us-gaap_CommunicationsAndInformationTechnology 14,076us-gaap_CommunicationsAndInformationTechnology 9,714us-gaap_CommunicationsAndInformationTechnology
Legal and professional fees 11,389us-gaap_ProfessionalFees 12,338us-gaap_ProfessionalFees 8,915us-gaap_ProfessionalFees
Taxes, licenses and fees 4,552colb_TaxesLicensesAndFees 5,033colb_TaxesLicensesAndFees 4,736colb_TaxesLicensesAndFees
Regulatory premiums 4,549us-gaap_FederalDepositInsuranceCorporationPremiumExpense 4,706us-gaap_FederalDepositInsuranceCorporationPremiumExpense 3,384us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Net cost (benefit) of operation of other real estate owned (1,045)us-gaap_ForeclosedRealEstateExpense (7,401)us-gaap_ForeclosedRealEstateExpense (1,969)us-gaap_ForeclosedRealEstateExpense
Amortization of intangibles 6,293us-gaap_AmortizationOfIntangibleAssets 6,045us-gaap_AmortizationOfIntangibleAssets 4,445us-gaap_AmortizationOfIntangibleAssets
Other 27,045us-gaap_OtherNoninterestExpense [1] 29,962us-gaap_OtherNoninterestExpense [1] 20,961us-gaap_OtherNoninterestExpense [1]
Total noninterest expense 239,286us-gaap_NoninterestExpense 230,886us-gaap_NoninterestExpense 162,913us-gaap_NoninterestExpense
Income before income taxes 117,785us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 87,010us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 63,705us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (benefit) 36,211us-gaap_IncomeTaxExpenseBenefit 26,994us-gaap_IncomeTaxExpenseBenefit 17,562us-gaap_IncomeTaxExpenseBenefit
Net Income (Loss) $ 81,574us-gaap_NetIncomeLoss $ 60,016us-gaap_NetIncomeLoss $ 46,143us-gaap_NetIncomeLoss
Per Common Share      
Earnings (loss) basic (dollars per share) $ 1.53us-gaap_EarningsPerShareBasic $ 1.24us-gaap_EarningsPerShareBasic $ 1.16us-gaap_EarningsPerShareBasic
Earnings (loss) diluted (dollars per share) $ 1.52us-gaap_EarningsPerShareDiluted $ 1.21us-gaap_EarningsPerShareDiluted $ 1.16us-gaap_EarningsPerShareDiluted
Common Stock, Dividends, Per Share, Cash Paid $ 0.94us-gaap_CommonStockDividendsPerShareCashPaid $ 0.41us-gaap_CommonStockDividendsPerShareCashPaid $ 0.98us-gaap_CommonStockDividendsPerShareCashPaid
Weighted average number of common shares outstanding 52,618us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 47,993us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 39,260us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average number of diluted common shares outstanding 53,183us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 49,051us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 39,263us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] (1) Reclassified to conform to the current period’s presentation. The reclassification was limited to removing the separate line item for FDIC clawback liability expense within noninterest expense and including the prior period activity in the line item for other noninterest expense as well as removing the separate line item for provision for losses on covered loans and including the prior period activity in the line item for provision for loan and lease losses.