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Business Combinations and Asset Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized 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:
October 1, 2021
(in thousands)
Merger consideration$256,257 
Identifiable net assets acquired, at fair value
Assets acquired
Cash and cash equivalents$155,180 
Investment securities654,480 
FHLB stock7,463 
Loans, net allowance for credit loss1,084,984 
Interest receivable5,237 
Premises and equipment17,658 
Core deposit intangible15,932 
Other assets41,963 
Total assets acquired1,982,897 
Liabilities assumed
Deposits(1,737,584)
Subordinated debentures(10,000)
Junior subordinated debentures(10,310)
Other liabilities(26,076)
Total liabilities assumed(1,783,970)
Total fair value of identifiable net assets198,927 
Goodwill$57,330 
See Note 8, “Goodwill and Other Intangible Assets,” for further discussion of the accounting for goodwill and other intangible assets.
Summary of PCD loans at acquisition [Table Text Block] The following table provides a summary of these PCD loans at acquisition:
October 1, 2021
(in thousands)
Par value of PCD loans acquired$43,419 
PCD ACL at acquisition(2,616)
Non-credit discount on PCD loans(525)
Purchase price of PCD loans$40,278 
Business Acquisition, Pro Forma Information [Table Text Block] For illustrative purposes only, the following table presents certain unaudited pro forma information for the nine months ended September 30, 2021. This unaudited, estimated pro forma financial information was calculated as if Bank of Commerce 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 Bank of Commerce 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. 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, the pro forma amounts below do not reflect Columbia’s expectations as of the date of the pro forma information of further operating cost savings and other business synergies expected to be achieved, including revenue growth as a result of the acquisition. As a result, actual amounts would have differed from the unaudited pro forma information presented.
Unaudited Pro Forma for the
Nine Months Ended September 30,
2021
(in thousands, except per share amounts)
Total revenues (net interest income plus noninterest income)$495,378 
Net income$173,355 
Earnings per share - basic$2.23 
Earnings per share - diluted$2.23 
Business acquisition, acquisition-related expenses [Table text block] The following table shows the impact of the merger-related expenses related to the acquisition of Bank of Commerce for the periods indicated to the various components of noninterest expense:
 Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(in thousands)
Noninterest Expense
Compensation and employee benefits$205 $— $1,144 $— 
Occupancy8 — 928 — 
Data processing and software219 1 1,640 1 
Legal and professional fees133 2,153 378 2,663 
Advertising and promotion— — 18 — 
Other3 38 796 38 
Total impact of merger-related expenses to noninterest expense$568 $2,192 $4,904 $2,702