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Tag: Columbia Bank

Jan.
24th

Dividend up, bad loans down, income down, assets rise at Columbia in 4th quarter

Tacoma-based Columbia Banking System on Thursday reported fourth quarter income of $13.5 million, a decline from fourth quarter income of $14.8 million reported for the fourth quarter of 2011. Earnings per share for the quarter were 34 cents, compared to 37 cents the year before.

The decline, Columbia reported in a release, “was due to the enhanced benefits realized in the fourth quarter of 2011 from Columbia’s FDIC-assisted transactions.”

A decline in net interest margin, from 5.52 percent a year ago to 5.15 percent in the latest quarter, was “impacted significantly by the accounting for acquired loans.”

At the

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