BANNER CORP
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
BANR$69.63-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
For the Three and Nine Months Ended September 30, 2024 and 2023
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| NET INCOME | $45,153 | $45,854 | $122,507 | $141,000 |
| OTHER COMPREHENSIVE INCOME (LOSS), NET OF INCOME TAXES: | ||||
| Unrealized holding gain (loss) on securities—available-for-sale arising during the period | 88,822 | (76,417) | 64,703 | (71,669) |
| Income tax (expense) benefit related to securities—available-for-sale unrealized holding losses | (21,318) | 18,341 | (15,529) | 17,201 |
| Reclassification for net loss on securities—available-for-sale realized in earnings | — | 2,657 | 5,465 | 14,436 |
| Income tax benefit related to securities—available-for-sale realized in earnings | — | (638) | (1,312) | (3,465) |
| Reclassification of (recapture of) provision for credit losses on securities—available-for-sale realized in earnings | — | (1,250) | — | 750 |
| Income tax benefit (expense) related to the reclassification of (recapture) provision for credit losses on securities—available-for-sale realized in earnings | — | 300 | — | (180) |
| Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | 603 | 617 | 1,717 | 1,773 |
| Income tax expense related to amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | (145) | (150) | (412) | (426) |
| Net unrealized gain on interest rate swaps used in cash flow hedges | 4,746 | 3,090 | 11,633 | 6,472 |
| Income tax expense related to interest rate swaps used in cash flow hedges | (1,139) | (741) | (2,792) | (1,553) |
| Changes in fair value of junior subordinated debentures related to instrument specific credit risk | 574 | 953 | 156 | 8,573 |
| Income tax expense related to junior subordinated debentures | (137) | (229) | (37) | (2,058) |
| Other comprehensive income (loss) | 72,006 | (53,467) | 63,592 | (30,146) |
| COMPREHENSIVE INCOME (LOSS) | $117,159 | $(7,613) | $186,099 | $110,854 |
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