 TACOMA, Wash., July 29, 2021 PRNewswire -- Notable Items for Second Quarter 2021 Announced merger agreement with Bank of Commerce Holdings Quarterly net income of 55.0 million and diluted earnings per share of 0.77 Total loans, net of PPP loans increased 218.9 million, or 10 annualized 1 Record non-PPP loan production of 605.2 million Deposits increased 578.0 million, or 16 annualized Net interest margin of 3.16, a decrease of 15 basis points from the linked quarter Nonperforming assets to period-end assets ratio decreased to 0.14 Loan balances subject to deferral declined 43 from March 31, 2021 Regular cash dividend declared of 0.28 per share Clint Stein, President and Chief Executive Officer of Columbia Banking System, Inc. Columbia, we or us and Columbia Bank the Bank NASDAQ: COLB , said today upon the release of Columbias second quarter 2021 earnings, It was a solid quarter for us in spite of the difficult interest rate environment. 