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Summary Of Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | Quarterly financial information for the years ended December 31, 2020 and 2019 is summarized as follows:
|  | Fourth Quarter |  | Third Quarter |  | Second Quarter (2) |  | First Quarter |  | Year Ended December 31,
|  | (in thousands, except per share amounts) |  |
2020 |  |  |  |  |  |  |  |  |  |
Total interest income |  | $ | 133,296 |  |  | $ | 127,384 |  |  | $ | 126,232 |  |  | $ | 130,897 |  |  | $ | 517,809 |
Total interest expense |  | 2,184 |  |  | 2,658 |  |  | 4,381 |  |  | 8,475 |  |  | 17,698 |
Net interest income |  | 131,112 |  |  | 124,726 |  |  | 121,851 |  |  | 122,422 |  |  | 500,111 |
Provision (recapture) for credit losses |  | (4,700) |  |  | 7,400 |  |  | 33,500 |  |  | 41,500 |  |  | 77,700 |
Noninterest income |  | 23,562 |  |  | 22,472 |  |  | 37,259 |  |  | 21,207 |  |  | 104,500 |
Noninterest expense |  | 84,300 |  |  | 85,115 |  |  | 80,833 |  |  | 84,271 |  |  | 334,519 |
Income before income taxes |  | 75,074 |  |  | 54,683 |  |  | 44,777 |  |  | 17,858 |  |  | 192,392 |
Provision for income taxes |  | 16,774 |  |  | 9,949 |  |  | 8,195 |  |  | 3,230 |  |  | 38,148 |
Net income |  | $ | 58,300 |  |  | $ | 44,734 |  |  | $ | 36,582 |  |  | $ | 14,628 |  |  | $ | 154,244 |
Per common share (1) |  |  |  |  |  |  |  |  |  |
Earnings (basic) |  | $ | 0.82 |  |  | $ | 0.63 |  |  | $ | 0.52 |  |  | $ | 0.20 |  |  | $ | 2.17 |
Earnings (diluted) |  | $ | 0.82 |  |  | $ | 0.63 |  |  | $ | 0.52 |  |  | $ | 0.20 |  |  | $ | 2.17 |
2019 |  |  |  |  |  |  |  |  |  |
Total interest income |  | $ | 133,109 |  |  | $ | 132,533 |  |  | $ | 135,422 |  |  | $ | 128,888 |  |  | $ | 529,952 |
Total interest expense |  | 8,292 |  |  | 10,083 |  |  | 10,306 |  |  | 7,866 |  |  | 36,547 |
Net interest income |  | 124,817 |  |  | 122,450 |  |  | 125,116 |  |  | 121,022 |  |  | 493,405 |
Provision for credit losses |  | 1,614 |  |  | 299 |  |  | 218 |  |  | 1,362 |  |  | 3,493 |
Noninterest income |  | 21,807 |  |  | 28,030 |  |  | 25,648 |  |  | 21,696 |  |  | 97,181 |
Noninterest expense |  | 86,978 |  |  | 87,076 |  |  | 86,728 |  |  | 84,700 |  |  | 345,482 |
Income before income taxes |  | 58,032 |  |  | 63,105 |  |  | 63,818 |  |  | 56,656 |  |  | 241,611 |
Provision for income taxes |  | 11,903 |  |  | 12,378 |  |  | 12,094 |  |  | 10,785 |  |  | 47,160 |
Net income |  | $ | 46,129 |  |  | $ | 50,727 |  |  | $ | 51,724 |  |  | $ | 45,871 |  |  | $ | 194,451 |
Per common share (1) |  |  |  |  |  |  |  |  |  |
Earnings (basic) |  | $ | 0.64 |  |  | $ | 0.70 |  |  | $ | 0.71 |  |  | $ | 0.63 |  |  | $ | 2.68 |
Earnings (diluted) |  | $ | 0.64 |  |  | $ | 0.70 |  |  | $ | 0.71 |  |  | $ | 0.63 |  |  | $ | 2.68 |
__________ (1) Due to averaging of shares, quarterly EPS may not add up to the totals reported for the full year. (2) During the second quarter of 2020, Columbia sold a portion of its Visa Class B restricted stock and subsequently wrote up to fair value the remaining Visa Class B shares. The gain from the sale of shares and the increase in the fair value of the remaining Visa Class B restricted shares were included in noninterest income on the Consolidated Statements of Income. For additional information, see Note 3. “Securities” and Note 20. “Fair Value Accounting and Measurement” for further information regarding this transaction.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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