BANNER CORP

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

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.

Mar 31, 2024 · Filed May 7, 2024

BANR$69.63-1.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income

	Three Months EndedMarch 31,
	2024	2023
NET INCOME	$37,559	$55,555
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF INCOME TAXES:
Unrealized holding (loss) gain on securities—available-for-sale arising during the period	(21,753)	36,143
Income tax benefit (expense) related to securities—available-for-sale unrealized holding losses	5,221	(8,675)
Reclassification for net loss on securities—available-for-sale realized in earnings	4,903	7,252
Income tax benefit related to securities—available-for-sale realized in earnings	(1,177)	(1,740)
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity	527	572
Income tax expense related to amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity	(126)	(137)
Net unrealized gain on interest rate swaps used in cash flow hedges	2,880	4,738
Income tax expense related to interest rate swaps used in cash flow hedges	(691)	(1,137)
Changes in fair value of junior subordinated debentures related to instrument specific credit risk	(173)	154
Income tax benefit (expense) related to junior subordinated debentures	42	(37)
Other comprehensive (loss) income	(10,347)	37,133
COMPREHENSIVE INCOME	$27,212	$92,688

ContentsView on SEC.gov

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