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.”
Read more here: http://blog.thenewstribune.com/business/2013/01/24/dividend-up-bad-loans-down-income-down-assets-rise-at-columbia-in-4th-quarter/
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