Columbia Financial Inc (NASDAQ: CLBK) is a New Jersey-based bank holding company that operates Columbia Bank, a savings institution providing deposit and lending services to retail and commercial customers throughout the state. The company earns money primarily through net interest income, the spread between interest collected on loans and interest paid on deposits and borrowings. As of December 31, 2025, total gross loans outstanding were $8.24 billion, with an allowance for credit losses of $67.2 million, or 0.82% of total gross loans. The loan portfolio includes one-to-four family real estate, commercial real estate, construction, commercial business, and consumer loans. Columbia Financial is a majority-owned subsidiary of Columbia Bank MHC, a mutual holding company, a structure that shapes its dividend policy and capital decisions. The company employed 796 full-time and part-time employees across New Jersey as of December 31, 2025. FHLB advances were the primary wholesale funding source, with $1.18 billion outstanding at year-end 2025. Uninsured deposits totaled $3.3 billion at December 31, 2025, including $944.6 million in collateralized municipal deposits.

Revenue model

Net interest income from the spread between loan yields and deposit/borrowing costs, supplemented by fees on banking products and services. Wholesale funding through FHLB advances averaged $1.18 billion in FY2025 at a weighted average rate of 4.34%.

Products and services

Deposit accounts, one-to-four family mortgage loans, commercial real estate loans, construction loans, commercial business loans, home equity loans and lines of credit, other consumer loans, and bank-owned life insurance (BOLI).

Customers and end markets

Retail consumers, commercial businesses, and municipal entities in New Jersey. Municipal deposits totaled $944.6 million at December 31, 2025. No disclosed customer concentration beyond municipal deposit disclosure.

Value-chain role

Community and savings bank. Accepts retail and municipal deposits, originates and holds loans on balance sheet, and funds operations with deposits and FHLB advances. Operates as a depository institution regulated by the Federal Reserve Board and the Office of the Comptroller of the Currency.

Geographic exposure

Operates exclusively throughout the State of New Jersey, as disclosed in the 10-K filed 2026-03-06.

Source: SEC 10-K, filed 2026-03-06

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