BANNER CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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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.
FY2024 · Filed Feb 26, 2025
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 (Loss)
(in thousands)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| NET INCOME | $168,898 | $183,624 | $195,378 |
| OTHER COMPREHENSIVE INCOME (LOSS), NET OF INCOME TAXES: | |||
| Unrealized holding (loss) gain on securities—available-for-sale arising during the period | (5,047) | 54,307 | (418,827) |
| Income tax benefit (expense) related to securities—available-for-sale unrealized holding losses | 1,211 | (13,034) | 100,518 |
| Reclassification for net loss on securities—available-for-sale realized in earnings | 5,493 | 19,242 | 3,248 |
| Income tax benefit related to securities—available-for-sale realized in earnings | (1,318) | (4,618) | (780) |
| Unrealized loss on securities transferred from available-for-sale to held-to-maturity | — | — | (34,596) |
| Income tax benefit related to securities transferred from available-for-sale to held-to-maturity | — | — | 8,303 |
| Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | 2,296 | 2,338 | 2,625 |
| Income tax benefit related to amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | (551) | (561) | (630) |
| Net unrealized gain (loss) on interest rate swaps used in cash flow hedges | 13,929 | 12,557 | (25,223) |
| Income tax (expense) benefit related to interest rate swaps used in cash flow hedges | (3,343) | (3,014) | 6,054 |
| Changes in fair value of junior subordinated debentures related to instrument specific credit risk | (1,064) | 8,444 | (5,560) |
| Income tax benefit (expense) related to junior subordinated debentures | 255 | (2,027) | 1,334 |
| Reclassification of fair value of junior subordinated debentures redeemed | — | — | 765 |
| Income tax expense related to junior subordinated debentures redeemed | — | — | (184) |
| Other comprehensive income (loss) | 11,861 | 73,634 | (362,953) |
| COMPREHENSIVE INCOME (LOSS) | $180,759 | $257,258 | $(167,575) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.