Columbia Banking System, Inc. · NASDAQ:COLB
Columbia Banking System — Merger or Acquisition (January 2010)
12 slides from Columbia Banking System's merger presentation, Jan 28, 2010
Slide 1: FDIC-Assisted Acquisition of Columbia River Bank Conference Call
FDIC-Assisted Acquisition of Columbia River Bank Conference Call January 25, 2010 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement: This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to future events and expectations and involve known and unknown risks and uncertainties. Actual results may differ materiall
Slide 3: Columbia River Bank At-A-Glance
Columbia River Bank At-A-Glance Founded: 1977; HQ: The Dalles, OR Focus: Community driven with “Big Bank Services” Employees: 322 Branches: 21 branches in OR and WA Columbia Banking System, Inc. (52) Columbia Bancorp (21)
Slide 4: Overview
Overview FDIC-Assisted Transaction: $1.0 billion in assets (as of Sept. 30, 2009) $980 million in deposits Includes approximately $780 million in core deposits Credit loss protection by the FDIC $705 million of loans and real estate assets covered FDIC assumes 80% of the first $206 million of losses
Slide 5: Strategic Rationale
Strategic Rationale Expands Columbia Banking System’s deposit franchise both in Washington and Oregon Acquisition adds $980 million of deposits and 14 branches in Oregon and 7 in Washington Core deposits provide additional liquidity Opportunity to reprice higher cost funds Anticipate significant cos
Slide 6: Expanded Deposit Franchise
Expanded Deposit Franchise Oregon 2009 Rank Institution (ST) Type Number of Branches Total Deposits in Market ($000) Total Market Share (%) 27 Columbia Banking System Inc. (WA) Bank 10 216,374 0.41 Washington 2009 Rank Institution (ST) Type Number of Branches Total Deposits in Market ($000) Total Ma
Slide 7: Integration Has Already Begun
Integration Has Already Begun Seamless Transition Open for business as usual COLB representatives in each branch Columbia Banking System management has formed a dedicated team to lead the integration process Credit risk management
Slide 8: Columbia River's Deposit Mix
Columbia River’s Deposit Mix 18% Q3 2009 Average deposit costs: 1.97% Total Deposits: $1 Billion Source: Call Report as of 9/30/09 Savings 3.0% Demand & Other Non- Interest Bearing 19.6% CD’s < $100K 26.4% CD’s > $100K 22.2% Now & Money Market 28.7%
Slide 9: Columbia River's Loan Portfolio
Columbia River’s Loan Portfolio 18% Q3 2009 Average yield on loans: 5.92% Total Loan Portfolio: $736 Million Source: Call Report as of 9/30/09 CRE 30.3% Constr. & LD 24.7% Farm & Other 17.2% Consumer 1.8% C&I 14.9% Multifamily RE 2.0% 1-4 Family RE 9.0%
Slide 10: Transaction Structure
Transaction Structure Source: Call Report as of 9/30/09, excludes $7 million in BOLI, $17 million of Deferred Tax Assets and $510 thousand of securities that the FDIC retained $ in millions Loans Acquired $736 Other Assets Total Assets Acquired 1,052 Deposits Assumed 1,010 Other Liabilities Net Acqu
Slide 11: Pro Forma Capital Ratios
Pro Forma Capital Ratios* *Pro Forma capital ratios include estimated fair market value adjustments and are subject to change COLB Actual Pro Forma* 9/30/2009 9/30/2009 Leverage Capital Ratio 14.79 % 10.90 % Tier 1 Risk Based Capital Ratio 17.78 16.05 Total Risk Based Capital Ratio 19.06 17.33 Tangi
Slide 12: Enhances Columbia Banking System
Enhances Columbia Banking System Increases Profitability Expands company footprint Adds approximately $780 million of core deposits Improves efficiency Enlarges customer base
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