COLUMBIA BANKING SYSTEM, INC.COLB
COLUMBIA BANKING SYSTEM, INC. New Standards Disclosure
Application of New Accounting Guidance
| Standard | Description | Effective Date | Effect on the Financial Statements or Other Significant Matters | |||||||||||||||||
ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures | The amendments are intended to provide more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The ASU requires annual disclosure of the rate reconciliation of specific categories as well as additional information related to the reconciliation of certain items that meet a quantitative threshold and further disaggregation of income taxes paid. | Fiscal years beginning after December 15, 2024. | The Company retrospectively adopted the guidance on January 1, 2025 for annual reporting purposes. Refined disclosures are included herein. | |||||||||||||||||
Significant Accounting Standards Issued but Not Yet Adopted
| Standard | Description | Effective Date | Effect on the Financial Statements or Other Significant Matters | |||||||||||||||||
ASU Update 2025-11 Interim Reporting (Topic 270): Narrow-Scope Improvements | The amendments in this Update refine interim reporting under ASC 270 by clarifying applicability to entities issuing a full set of GAAP-compliant interim financial statements, consolidating disclosure requirements from various topics into a single location, and introducing a principle requiring disclosure of material events occurring since the prior annual period. The guidance improves navigability and consistency without expanding or reducing existing disclosure obligations. | Fiscal years beginning after December 15, 2027, including interim periods within those annual reporting periods. Early adoption is permitted. | The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. | |||||||||||||||||
ASU Update 2025-09 Derivatives and Hedging (Topic 815): Hedge Accounting Improvements | The amendments improve hedge accounting under ASC 815 by expanding eligibility for grouping forecasted transactions with similar risk, introducing flexibility for hedging choose-your-rate debt instruments, and permitting hedges of nonfinancial components of forecasted purchases or sales. The guidance also allows certain written options to qualify as hedging instruments and enables simultaneous hedging of foreign-currency-denominated debt for both interest rate and currency risk. These changes aim to reduce complexity, improve alignment with risk management strategies, and better reflect the economics of hedging activities. | Fiscal years beginning after December 15, 2026, including interim periods within those annual reporting periods. Early adoption is permitted. | The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. | |||||||||||||||||
ASU No. 2025-08 Financial Instruments—Credit Losses (Topic 326): Purchased Loans | The amendments update the accounting for purchased loans under ASC 326 by eliminating the distinction between purchased credit-deteriorated (PCD) and non-PCD loans. All purchased loans will now follow a single model that records an allowance for credit losses at acquisition without recognizing a day-one loss in earnings. The guidance also introduces clearer rules for measuring expected credit losses and simplifies disclosures related to purchased financial assets. These changes aim to reduce complexity, improve comparability, and better reflect the economics of loan acquisitions. | Fiscal years beginning after December 15, 2026, including interim periods within those annual reporting periods. Early adoption is permitted. | The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. | |||||||||||||||||
| Standard | Description | Effective Date | Effect on the Financial Statements or Other Significant Matters | |||||||||||||||||
ASU No. 2025-07 Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share Based Noncash Consideration from a Customer in a Revenue Contract | The amendments refine the scope of derivative accounting under ASC 815 by introducing a scope exception for certain contracts linked to the operations or activities of one of the parties to the contract. It also clarifies the guidance in ASC 606 regarding share-based noncash consideration (e.g., warrants or shares) received from a customer in exchange for goods or services. These changes aim to reduce complexity, improve consistency in application, and better reflect the economics of such arrangements. | Fiscal years beginning after December 2026, including interim periods within those annual reporting periods. Early adoption is permitted. | The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. | |||||||||||||||||
ASU No. 2025-06 Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software | The amendments modernize the accounting for internal-use software under ASC 350-40 by removing references to software development project stages and introducing a "probable-to-complete" recognition threshold. Entities may begin capitalizing costs once management has authorized and committed to funding the project and it is probable the software will be completed and used as intended. The amendment also consolidates guidance on website development costs into ASC 350-40. | Fiscal years beginning after December 15, 2027, including interim periods within those annual reporting periods. Early adoption is permitted. | The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. | |||||||||||||||||
ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses | These amendments are aimed to enhance the transparency and usefulness of financial information by requiring entities to break down significant expense categories in the notes to the financial statements. The amendments focus on the disaggregation of income statement expenses and specifically address the need for more detailed disclosures about expense categories. | Fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027. Early adoption is permitted. | The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Mar 1, 2018 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.