Banner corporation (BANR)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Acquisition-related costs

7,544

5,607

0

11,733

26,110

4,325

550

0

-

-

-

INTEREST INCOME:
Loans receivable

471,473

413,370

374,449

359,612

237,292

177,541

167,204

174,322

184,357

205,784

223,035

Mortgage-backed securities

38,640

35,076

24,535

19,328

9,049

5,779

5,168

4,176

3,455

4,045

6,057

Securities and cash equivalents

15,566

15,186

13,300

12,537

8,092

7,341

7,340

8,664

9,751

8,253

8,278

Total interest income

525,679

463,632

412,284

391,477

254,433

190,661

179,712

187,162

197,563

218,082

237,370

INTEREST EXPENSE:
Deposits

37,630

20,642

12,273

11,105

8,385

7,578

9,737

15,107

26,164

52,320

83,211

FHLB advances

12,234

5,636

1,908

953

311

125

99

254

370

1,318

2,627

Other borrowings

330

245

317

310

211

172

192

758

2,265

2,448

2,205

Junior subordinated debentures

6,574

6,136

4,752

4,040

3,247

2,914

2,968

3,395

4,193

4,226

4,754

Total interest expense

56,768

32,659

19,250

16,408

12,154

10,789

12,996

19,514

32,992

60,312

92,797

Net interest income

468,911

430,973

393,034

375,069

242,279

179,872

166,716

167,648

164,571

157,770

35,573

PROVISION FOR CREDIT LOSSES

10,000

8,500

8,000

6,030

0

0

0

13,000

35,000

70,000

109,000

Net interest income after provision for credit losses

458,911

422,473

385,034

369,039

242,279

179,872

166,716

154,648

129,571

87,770

144,573

NON-INTEREST INCOME:
Deposit fees and other service charges

46,632

48,074

43,452

41,911

40,607

30,553

26,581

25,266

22,962

22,009

21,394

Bank-owned life insurance (BOLI)

4,645

4,505

4,618

4,538

2,497

1,809

2,020

-

-

-

-

Loan servicing fees, net of amortization and impairment

-

-

-

-

-

-

-

-

-

951

93

Miscellaneous

8,632

7,148

8,985

6,001

2,821

1,885

2,784

4,697

2,511

2,302

2,292

Other operating income

82,124

81,070

77,935

78,002

63,645

44,496

42,555

43,775

31,619

31,632

43,690

Net gain on sale of securities

33

-837

-2,080

843

-540

42

1,022

51

-5

0

-

Other-than-temporary impairment recovery

-

-

-

-

-

-

-409

409

-3,000

4,231

-1,511

Net change in valuation of financial instruments carried at fair value

-208

3,775

-2,844

-2,620

-813

1,374

-2,278

-16,515

-624

1,747

12,529

Acquisition termination fee

-

-

-

-

-

-

2,954

0

0

-

-

Gain on sale of branches, including related loans and deposits

0

0

12,189

0

0

9,079

0

0

-

-

-

Total non-interest income

81,949

84,008

85,200

76,225

62,292

54,991

44,662

26,902

33,990

29,148

-

NON-INTEREST EXPENSE:
Salary and employee benefits

226,409

202,613

192,096

180,883

127,282

89,778

84,388

78,696

72,499

67,490

68,674

Less capitalized loan origination costs

28,934

17,925

17,379

18,895

14,379

11,730

11,227

10,404

8,001

-7,199

-8,863

Occupancy and equipment

52,390

49,215

47,866

45,000

30,366

22,743

21,423

21,812

21,561

22,232

23,396

Information/computer data services

22,458

18,823

17,245

19,281

12,110

8,131

7,309

6,904

6,023

6,132

6,264

Payment and card processing expenses

16,993

15,412

14,330

14,359

16,430

11,460

9,870

8,604

7,874

7,067

6,396

Professional and legal expenses

9,736

17,945

17,534

8,120

4,828

3,753

3,781

4,411

6,017

6,401

6,084

Advertising and marketing

7,836

8,346

8,637

9,709

7,649

6,266

6,885

7,215

7,281

7,457

7,639

Deposit insurance expense

2,840

4,446

4,689

4,551

3,189

2,415

2,329

3,685

6,024

8,622

9,968

State/municipal business and use taxes

3,880

3,284

2,594

3,516

1,889

1,437

1,941

2,289

2,153

2,259

2,154

REO operations, net

-303

-804

2,030

-175

-397

446

689

-3,354

-22,262

-26,025

7,147

Amortization of core deposit intangibles

8,151

6,047

6,246

7,061

3,164

1,990

1,941

2,092

2,276

2,459

2,645

Miscellaneous

28,122

26,754

27,142

30,131

17,565

13,619

12,474

12,795

12,135

11,856

10,576

Total non-interest expense

357,728

341,371

318,970

315,624

236,600

153,741

140,975

141,453

158,104

160,801

142,080

Noninterest Operating Expense, Before Acquisition Related Costs

350,184

335,764

318,970

303,891

210,490

149,416

140,425

141,453

-

-

-

Income before provision for income taxes

183,132

165,110

151,264

129,640

67,971

81,122

70,403

40,097

5,457

-43,883

-62,817

PROVISION FOR INCOME TAXES

36,854

28,595

90,488

44,255

22,749

27,052

24,189

-24,785

0

18,013

-27,053

Net Income (Loss) Attributable to Parent

146,278

136,515

60,776

85,385

45,222

54,070

46,214

64,882

5,457

-61,896

-35,764

Preferred stock dividend

-

-

-

-

-

-

-

4,938

6,200

6,200

6,200

Preferred stock discount accretion

-

-

-

-

-

-

-

-3,298

-1,701

-1,593

1,492

Gain on repurchase of preferred stock

-

-

-

-

-

-

-

2,471

0

0

-

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

-

-

-

-

59,117

-2,444

-69,689

-43,456

Earnings Per Share [Abstract]
Basic

4.20

4.16

1.85

2.52

1.90

2.79

2.39

3.17

-0.15

-7.21

-16.31

Diluted

4.18

4.15

1.84

2.52

1.89

2.79

2.38

3.16

-0.15

-7.21

-16.31

Cumulative dividends declared per common share

2.64

1.96

2.00

0.88

0.72

0.72

0.54

0.04

0.10

0.28

0.28

Weighted average number of common shares outstanding:
Weighted average number of common shares outstanding, Basic

34,868

32,784

32,888

33,820

23,801

19,359

19,361

-

-

-

-

Weighted average number of common shares outstanding, Diluted

34,967

32,894

32,986

33,853

23,866

19,402

19,397

-

-

-

-

Mortgage Banking [Member]
Fees and Commissions, Mortgage Banking and Servicing

22,215

21,343

20,880

-

-

-

-

-

-

-

-

Mortgage banking operations

-

-

-

25,552

17,720

10,249

11,170

13,812

6,146

6,370

8,893