Columbia State Bank (merged into Umpqua Bank)

What sets Columbia State Bank apart

How large is Columbia State Bank?

The balance sheet of Columbia State Bank at Q4 2022: assets $20.3 bn, deposits $16.7 bn, net loans $11.5 bn (loans equal to 68.93% of deposits). Securities make up 32.7% of total assets at Columbia State Bank. Since Q1 2016, when Columbia State Bank held $9.0 bn, its assets grew 124.4%. In the year to Q4 2022, deposits at Columbia State Bank fell 7.2% while its total assets fell 3.2%. At Q4 2022, Columbia State Bank employed 2,026 full-time equivalent staff across 153 offices, about $10.0 mn of assets per employee and $109.3 mn of deposits per office.

How much funding at Columbia State Bank is uninsured?

At Columbia State Bank, uninsured deposits (above the FDIC limit) made up 42.99% of domestic deposits at Q4 2022 (-1.25 pp on a year earlier). In dollars, Columbia State Bank estimated $7.2 bn of uninsured deposits.

Key facts, Q4 2022

US rank of Columbia State Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Columbia State Bank stood at 12.93% in Q4 2022, -0.13 pp year on year. Low and high at Columbia State Bank since Q1 2016: 11.26% (Q3 2016) to 13.33% (Q1 2021). Equity capital of Columbia State Bank at Q4 2022: $2.2 bn, or 10.9% of total assets. Columbia State Bank also reported a total capital ratio of 13.97% for Q4 2022, and a tier 1 leverage ratio of 9.47%.

On held-to-maturity securities, Columbia State Bank carried an unrealized loss of $312.0 mn at Q4 2022, equal to 14.1% of equity capital. The loss widened by $286.3 mn over the year. Its deepest point: $332.0 mn in Q3 2022. The available-for-sale portfolio of Columbia State Bank showed an unrealized loss of $693.5 mn at Q4 2022; the loss turned from a gain into a loss over the year.

For the year to Q4 2022, Columbia State Bank earned a return on equity of 11.13%; return on assets: 1.25%. Net interest margin at Columbia State Bank: 3.37%, +0.15 pp in a year. Columbia State Bank net income: $256.8 mn, up 24.3% year on year. The efficiency ratio of Columbia State Bank was 53.33%: about 53 cents cost per revenue dollar, against 52 cents at the median peer.

At Q4 2022, noncurrent loans were 0.12% of total loans at Columbia State Bank; net charge-offs: -0.01% of average loans. Gross loans and leases at Columbia State Bank: $11.7 bn at Q4 2022, against $10.7 bn at Q4 2021.

The peer group of Columbia State Bank is the 6 banks nearest to it by total assets at Q4 2022: 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Columbia State Bank (state nonmember bank) and 0 have head offices in Washington. Against them, Columbia State Bank shows CET1 ratio 12.93% against a peer median of 12.70%, return on equity 11.13% against a peer median of 12.66% and uninsured deposit share 42.99% against a peer median of 34.71%.

The FDIC history of Columbia State Bank, oldest first; figures before and after each event are not like for like.

1. 1 November 2017. Absorbed Pacific Continental Bank (FDIC certificate 20774).
2. 1 October 2021. Absorbed Merchants Bank of Commerce (FDIC certificate 24074).
3. 1 March 2023. Merged into Umpqua Bank (FDIC certificate 17266).

Large one-quarter moves at Columbia State Bank

• Total assets at Columbia State Bank changed by +29.5% in the quarter to 2017-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Pacific Continental Bank.