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Originally published Thursday, July 26, 2012 at 12:03 PM

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Columbia Banking profit climbs

The parent company of Columbia Bank in Tacoma reported Thursday a second-quarter profit of $11.9 million, or 30 cents a share.

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The parent company of Columbia Bank in Tacoma reported Thursday a second-quarter profit of $11.9 million, or 30 cents a share, up from $8.6 million, or 22 cents a share, for the same period a year earlier.

Columbia Banking System's provision for loan losses grew to $3.75 million from $2.15 million last year, while non-performing assets not covered by the federal government were $67.1 million, down from $96.5 million a year ago.

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