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 Quarter (1)		Third Quarter (2)			Second Quarter		First Quarter		Year Ended December 31,
	(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.