BANNER CORP
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
BANR$69.63-1.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
For the Three and Six Months Ended June 30, 2024 and 2023
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| NET INCOME | $39,795 | $39,591 | $77,354 | $95,146 |
| OTHER COMPREHENSIVE INCOME (LOSS), NET OF INCOME TAXES: | ||||
| Unrealized holding (loss) gain on securities—available-for-sale arising during the period | (2,366) | (31,395) | (24,119) | 4,748 |
| Income tax benefit (expense) related to securities—available-for-sale unrealized holding losses | 568 | 7,535 | 5,789 | (1,140) |
| Reclassification for net loss on securities—available-for-sale realized in earnings | 562 | 4,527 | 5,465 | 11,779 |
| Income tax benefit related to securities—available-for-sale realized in earnings | (135) | (1,087) | (1,312) | (2,827) |
| Reclassification of provision for credit losses on securities—available-for-sale realized in earnings | — | 2,000 | — | 2,000 |
| Income tax expense related to the reclassification of provision for credit losses on securities—available-for-sale realized in earnings | — | (480) | — | (480) |
| Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | 587 | 584 | 1,114 | 1,156 |
| Income tax expense related to amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | (141) | (139) | (267) | (276) |
| Net unrealized gain (loss) on interest rate swaps used in cash flow hedges | 4,007 | (1,356) | 6,887 | 3,382 |
| Income tax (expense) benefit related to interest rate swaps used in cash flow hedges | (962) | 325 | (1,653) | (812) |
| Changes in fair value of junior subordinated debentures related to instrument specific credit risk | (245) | 7,466 | (418) | 7,620 |
| Income tax benefit (expense) related to junior subordinated debentures | 58 | (1,792) | 100 | (1,829) |
| Other comprehensive income (loss) | 1,933 | (13,812) | (8,414) | 23,321 |
| COMPREHENSIVE INCOME | $41,728 | $25,779 | $68,940 | $118,467 |
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