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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

PAY VERSUS PERFORMANCE TABLE

The Company believes in the importance of maintaining a strong link between executive pay and company performance. As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation

S-K,

the following disclosure is provided about the relationship between executive compensation and the Company’s performance on select financial metrics. The Committee did not consider the pay versus performance disclosure when making its incentive compensation decisions. For a complete description regarding the Company’s compensation program, please see “Compensation Discussion & Analysis.” The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our NEOs, including with respect to Restricted Stock Units and Performance Stock Units.

The following table sets forth the compensation for our CEO and the average compensation for our other NEOs, each as reported in the Summary Compensation Table and with certain adjustments to reflect compensation actually paid, as defined and computed in accordance with SEC rules. The table also provides information with respect to Company TSR, average TSR for the Company’s peer group, Net Income and the Company’s selected performance measure, Operating PPNR.



Year		Summary Compensation Table Total for PEO (1) ($)				Compensation Actually Paid to PEO (2) ($)				Average Summary Compensation Table Total for non-PEO NEOs (3) ($)				Average Compensation Actually Paid to non-PEO NEOs (4) ($)				Value of Initial Fixed $100 Investment Based on:								Net Income ($)				Operating PPNR ($)
Year		Summary Compensation Table Total for PEO (1) ($)				Compensation Actually Paid to PEO (2) ($)								Average Compensation Actually Paid to non-PEO NEOs (4) ($)				Total Share- holder Return ($)				Peer Group Total Share- holder Return ( 5) ($)				Net Income ($)				Operating PPNR ($)

2023			6,344,250				6,059,063				4,439,837				5,321,778				77.99				106.87				348,715,000				909,667,000

2022			4,617,338				3,995,926				1,294,835				1,241,285				82.88				106.01				250,128,000				344,995,000

2021			3,530,394				2,582,770				1,148,579				931,077				86.58				117.08				202,490,000				281,926,000

2020			3,574,309				2,927,968				1,167,507				809,584				92.24				92.49				153,532,000				278,362,000

(1)	Represents total compensation for Mr. Stein as reported in the Summary Compensation Table.

(2)

The following supplemental table presents a reconciliation of Mr. Stein’s Summary Compensation Table total to the compensation actually paid, as defined and computed in accordance with Item 402(v) of Regulation

S-K.

However, not all of such amounts were actually earned or received by Mr. Stein during the applicable year.

(3)	Includes the average total compensation for Messrs. Farnsworth, O’Haver, Merrywell, Nixon, and Deer in 2023; and Messrs. Deer, Eid, Merrywell, and McDonald in 2022 and 2021. Total compensation for non-PEO NEOs are as reported in the Summary Compensation Table.

(4)

The following supplemental table presents a reconciliation of the average

non-PEO

NEO Summary Compensation Table total to the compensation actually paid, as defined and computed in accordance with Item 402(v) of Regulation

S-K.

However, not all of such amounts were actually earned or received by the

non-PEO

NEOs during the applicable year.

(5)	The peer group for this purpose is the KRX.

*	A non-GAAP financial measure. Please refer to Appendix A for additional information and reconciliations to the most directly comparable GAAP financial measure.



				Clint Stein

		2023		2022		2021		2020

Summary Compensation Table Total ($)		6,344,250		4,617,338		3,530,394		3,574,309

Change in Pension Value and Above Market Nonqualified Deferred Compensation in Summary Compensation Table ($)		(192,940)		—		(11,895)		(574,126)

Pension Service Cost ($)		67,004		116,334		122,839		90,492

Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year ($)		(3,042,229)		(2,068,190)		(1,481,188)		(1,277,308)

Fair Value at Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Covered Fiscal Year ($)		3,033,973		1,443,589		729,368		1,147,057

Change in Fair Value from Prior Fiscal Year-End to Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years ($)		(36,891)		(153,015)		(413,518)		(22,339)

Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year that Vested during Covered Fiscal Year ($)		—		—		—		—

Change in Fair Value as of Vesting Date from Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied During Covered Fiscal Year ($)		(114,104)		39,870		106,770		(10,117)

Dividends or Other Earnings Paid on Option Awards and Stock Awards during Covered Fiscal Year Prior to Vesting Date ($)		—		—		—		—

Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Covered Fiscal Year ($)		—		—		—		—

Compensation Actually Paid ($)		6,059,063		3,995,926		2,582,770		2,927,968



		Non-CEO NEO Averages

		2023				2022				2021				2020

Summary Compensation Table Total ($)			4,439,837				1,294,835				1,148,579				1,167,507

Change in Pension Value and Above Market Nonqualified Deferred Compensation in Summary Compensation Table ($)			60,815				—				(41,180)				(291,493)

Pension Service Cost ($)			—				55,668				56,288				54,442

Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year ($)			(1,055,436)				(375,805)				(344,728)				(284,028)

Fair Value at Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Covered Fiscal Year ($)			1,721,588				278,227				185,874				277,804



		Non-CEO NEO Averages (cont.)

		2023				2022				2021				2020

Change in Fair Value from Prior Fiscal Year-End to Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years ($)			(84,422)				(32,415)				(110,456)				(11,504)

Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year that Vested during Covered Fiscal Year ($)			246,481				—				—				—

Change in Fair Value as of Vesting Date from Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied During Covered Fiscal Year ($)			(7,085)				20,774				36,700				(6,109)

Dividends or Other Earnings Paid on Option Awards and Stock Awards during Covered Fiscal Year Prior to Vesting Date ($)			—				—				—				—

Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Covered Fiscal Year ($)			—				—				—				(97,035)

Compensation Actually Paid ($)			5,321,778				1,241,285				931,077				809,584

Company Selected Measure Name

Operating PPNR

Named Executive Officers, Footnote

Includes the average total compensation for Messrs. Farnsworth, O’Haver, Merrywell, Nixon, and Deer in 2023; and Messrs. Deer, Eid, Merrywell, and McDonald in 2022 and 2021. Total compensation for

non-PEO

NEOs are as reported in the Summary Compensation Table.

Peer Group Issuers, Footnote

The peer group for this purpose is the KRX.

PEO Total Compensation Amount

$ 6,344,250

$ 4,617,338

$ 3,530,394

$ 3,574,309

PEO Actually Paid Compensation Amount

$ 6,059,063

3,995,926

2,582,770

2,927,968

Adjustment To PEO Compensation, Footnote

(2)

The following supplemental table presents a reconciliation of Mr. Stein’s Summary Compensation Table total to the compensation actually paid, as defined and computed in accordance with Item 402(v) of Regulation

S-K.

However, not all of such amounts were actually earned or received by Mr. Stein during the applicable year.



				Clint Stein

		2023		2022		2021		2020

Summary Compensation Table Total ($)		6,344,250		4,617,338		3,530,394		3,574,309

Change in Pension Value and Above Market Nonqualified Deferred Compensation in Summary Compensation Table ($)		(192,940)		—		(11,895)		(574,126)

Pension Service Cost ($)		67,004		116,334		122,839		90,492

Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year ($)		(3,042,229)		(2,068,190)		(1,481,188)		(1,277,308)

Fair Value at Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Covered Fiscal Year ($)		3,033,973		1,443,589		729,368		1,147,057

Change in Fair Value from Prior Fiscal Year-End to Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years ($)		(36,891)		(153,015)		(413,518)		(22,339)

Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year that Vested during Covered Fiscal Year ($)		—		—		—		—

Change in Fair Value as of Vesting Date from Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied During Covered Fiscal Year ($)		(114,104)		39,870		106,770		(10,117)

Dividends or Other Earnings Paid on Option Awards and Stock Awards during Covered Fiscal Year Prior to Vesting Date ($)		—		—		—		—

Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Covered Fiscal Year ($)		—		—		—		—

Compensation Actually Paid ($)		6,059,063		3,995,926		2,582,770		2,927,968

Non-PEO NEO Average Total Compensation Amount

$ 4,439,837

1,294,835

1,148,579

1,167,507

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,321,778

1,241,285

931,077

809,584

Adjustment to Non-PEO NEO Compensation Footnote

(4)

The following supplemental table presents a reconciliation of the average

non-PEO

NEO Summary Compensation Table total to the compensation actually paid, as defined and computed in accordance with Item 402(v) of Regulation

S-K.

However, not all of such amounts were actually earned or received by the

non-PEO

NEOs during the applicable year.



		Non-CEO NEO Averages

		2023				2022				2021				2020

Summary Compensation Table Total ($)			4,439,837				1,294,835				1,148,579				1,167,507

Change in Pension Value and Above Market Nonqualified Deferred Compensation in Summary Compensation Table ($)			60,815				—				(41,180)				(291,493)

Pension Service Cost ($)			—				55,668				56,288				54,442

Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year ($)			(1,055,436)				(375,805)				(344,728)				(284,028)

Fair Value at Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Covered Fiscal Year ($)			1,721,588				278,227				185,874				277,804



		Non-CEO NEO Averages (cont.)

		2023				2022				2021				2020

Change in Fair Value from Prior Fiscal Year-End to Covered Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years ($)			(84,422)				(32,415)				(110,456)				(11,504)

Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year that Vested during Covered Fiscal Year ($)			246,481				—				—				—

Change in Fair Value as of Vesting Date from Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied During Covered Fiscal Year ($)			(7,085)				20,774				36,700				(6,109)

Dividends or Other Earnings Paid on Option Awards and Stock Awards during Covered Fiscal Year Prior to Vesting Date ($)			—				—				—				—

Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Covered Fiscal Year ($)			—				—				—				(97,035)

Compensation Actually Paid ($)			5,321,778				1,241,285				931,077				809,584

Compensation Actually Paid vs. Total Shareholder Return

COLB & PEER TSR VS. COMPENSATION ACTUALLY PAID

Compensation Actually Paid vs. Net Income

COLB NET INCOME VS. COMPENSATION ACTUALLY PAID

Compensation Actually Paid vs. Company Selected Measure

COLB OPERATING PPNR VS. COMPENSATION ACTUALLY PAID

Total Shareholder Return Vs Peer Group

COLB & PEER TSR VS. COMPENSATION ACTUALLY PAID

Tabular List, Table

FINANCIAL PERFORMANCE MEASURES

The performance measures that were considered the most important by the Committee in determining executive compensation for the 2023 fiscal year are:

●

Operating PPNR*;

●

ROTCE; and

●

TSR.

*

Non-GAAP

financial measure. Please refer to Appendix A for additional information and reconciliations to the most directly comparable GAAP financial measure.

Total Shareholder Return Amount

$ 77.99

82.88

86.58

92.24

Peer Group Total Shareholder Return Amount

106.87

106.01

117.08

92.49

Net Income (Loss)

$ 348,715,000

$ 250,128,000

$ 202,490,000

$ 153,532,000

Company Selected Measure Amount

909,667,000

344,995,000

281,926,000

278,362,000

Mr. Stein

Mr. Stein

Mr. Stein

Mr. Stein

Pay vs Performance Disclosure

Operating PPNR

Non-GAAP Measure Description

*

Non-GAAP

financial measure. Please refer to Appendix A for additional information and reconciliations to the most directly comparable GAAP financial measure.

Pay vs Performance Disclosure

ROTCE

Pay vs Performance Disclosure

TSR.

PEO | Change in Pension Value and Above Market Nonqualified Deferred Compensation [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (192,940)

$ 0

$ (11,895)

$ (574,126)

PEO | Pension Service Cost [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

67,004

116,334

122,839

90,492

PEO | Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,042,229)

(2,068,190)

(1,481,188)

(1,277,308)

PEO | Fair Value at Covered Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,033,973

1,443,589

729,368

1,147,057

PEO | Change in Fair Value from Prior Fiscal YearEnd to Covered Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(36,891)

(153,015)

(413,518)

(22,339)

PEO | Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year that Vested during Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

PEO | Change in Fair Value as of Vesting Date from Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied During Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(114,104)

39,870

106,770

(10,117)

PEO | Dividends or Other Earnings Paid on Option Awards and Stock Awards during Covered Fiscal Year Prior to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

PEO | Fair Value as of Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

Non-PEO NEO | Change in Pension Value and Above Market Nonqualified Deferred Compensation [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

60,815

0

(41,180)

(291,493)

Non-PEO NEO | Pension Service Cost [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

55,668

56,288

54,442

Non-PEO NEO | Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,055,436)

(375,805)

(344,728)

(284,028)

Non-PEO NEO | Fair Value at Covered Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,721,588

278,227

185,874

277,804

Non-PEO NEO | Change in Fair Value from Prior Fiscal YearEnd to Covered Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(84,422)

(32,415)

(110,456)

(11,504)

Non-PEO NEO | Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year that Vested during Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

246,481

0

0

0

Non-PEO NEO | Change in Fair Value as of Vesting Date from Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied During Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(7,085)

20,774

36,700

(6,109)

Non-PEO NEO | Dividends or Other Earnings Paid on Option Awards and Stock Awards during Covered Fiscal Year Prior to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

Non-PEO NEO | Fair Value as of Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Covered Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0

$ (97,035)