BANNER CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
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 Financial Condition
(in thousands, except shares and per share amounts)
December 31, 2025 and 2024
| ASSETS | December 31,2025 | December 31,2024 |
|---|---|---|
| Cash and due from banks | $182,772 | $203,402 |
| Interest-bearing deposits | 239,868 | 298,456 |
| Total cash and cash equivalents | 422,640 | 501,858 |
| Securities—available-for-sale; amortized cost $2,271,471 and $2,460,262, respectively | 2,016,261 | 2,104,511 |
| Securities—held-to-maturity, net of allowance for credit losses of $291 and $297, respectively | 961,196 | 1,001,564 |
| Total securities | 2,977,457 | 3,106,075 |
| Federal Home Loan Bank (FHLB) stock | 16,476 | 22,451 |
| Loans held for sale (includes $34,586 and $26,185, at fair value, respectively) | 42,902 | 32,021 |
| Loans receivable | 11,721,687 | 11,354,656 |
| Allowance for credit losses – loans | (160,276) | (155,521) |
| Net loans receivable | 11,561,411 | 11,199,135 |
| Accrued interest receivable | 60,525 | 60,885 |
| Property and equipment, net | 111,522 | 124,589 |
| Goodwill | 373,121 | 373,121 |
| Other intangibles, net | 1,491 | 3,058 |
| Bank-owned life insurance (BOLI) | 319,347 | 312,549 |
| Deferred tax assets, net | 127,587 | 148,858 |
| Operating lease right-of-use assets | 32,736 | 39,998 |
| Other assets | 307,273 | 275,439 |
| Total assets | $16,354,488 | $16,200,037 |
| LIABILITIES | ||
| Deposits: | ||
| Non-interest-bearing | $4,489,839 | $4,591,543 |
| Interest-bearing transaction and savings accounts | 7,721,003 | 7,423,183 |
| Interest-bearing certificates | 1,532,304 | 1,499,672 |
| Total deposits | 13,743,146 | 13,514,398 |
| Advances from FHLB | 150,000 | 290,000 |
| Other borrowings | 107,715 | 125,257 |
| Subordinated notes, net | — | 80,278 |
| Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) | 79,151 | 67,477 |
| Operating lease liabilities | 35,755 | 43,472 |
| Accrued expenses and other liabilities | 245,266 | 258,070 |
| Deferred compensation | 47,158 | 46,759 |
| Total liabilities | 14,408,191 | 14,425,711 |
| COMMITMENTS AND CONTINGENCIES (Note 18) | ||
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at December 31, 2025 and December 31, 2024 | — | — |
| Common stock and paid in capital - $0.01 par value per share, 50,000,000 shares authorized; 34,097,856 shares issued and outstanding at December 31, 2025; 34,459,832 shares issued and outstanding at December 31, 2024 | 1,282,505 | 1,307,509 |
| Common stock (non-voting) and paid in capital - $0.01 par value per share, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2025 and December 31, 2024 | — | — |
| Retained earnings | 871,803 | 744,091 |
| Carrying value of shares held in trust for stock-based compensation plans | (5,813) | (6,194) |
| Liability for common stock issued to stock related compensation plans | 5,813 | 6,194 |
| Accumulated other comprehensive loss | (208,011) | (277,274) |
| Total shareholders’ equity | 1,946,297 | 1,774,326 |
| Total liabilities and shareholders’ equity | $16,354,488 | $16,200,037 |
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