BANR Banner Corporation

false0000946673December 312021Q100009466732021-01-012021-03-31xbrli:shares00009466732021-04-30iso4217:USD00009466732021-03-3100009466732020-12-310000946673us-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-31iso4217:USDxbrli:shares0000946673banr:VotingCommonStockMember2021-03-310000946673banr:VotingCommonStockMember2020-12-310000946673us-gaap:NonvotingCommonStockMember2021-03-310000946673us-gaap:NonvotingCommonStockMember2020-12-3100009466732020-01-012020-03-310000946673us-gaap:CommonStockMember2019-12-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2019-12-310000946673us-gaap:RetainedEarningsMember2019-12-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-3100009466732019-12-310000946673us-gaap:RetainedEarningsMember2020-01-012020-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310000946673us-gaap:CommonStockMember2020-01-012020-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-01-012020-03-310000946673us-gaap:CommonStockMember2020-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-03-310000946673us-gaap:RetainedEarningsMember2020-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-3100009466732020-03-310000946673us-gaap:RetainedEarningsMember2020-04-012020-06-3000009466732020-04-012020-06-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300000946673us-gaap:CommonStockMember2020-04-012020-06-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-04-012020-06-300000946673us-gaap:CommonStockMember2020-06-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-06-300000946673us-gaap:RetainedEarningsMember2020-06-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-3000009466732020-06-300000946673us-gaap:RetainedEarningsMember2020-07-012020-09-3000009466732020-07-012020-09-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300000946673us-gaap:CommonStockMember2020-07-012020-09-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-07-012020-09-300000946673us-gaap:CommonStockMember2020-09-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-09-300000946673us-gaap:RetainedEarningsMember2020-09-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-3000009466732020-09-300000946673us-gaap:RetainedEarningsMember2020-10-012020-12-3100009466732020-10-012020-12-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-10-012020-12-310000946673us-gaap:CommonStockMember2020-10-012020-12-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-10-012020-12-310000946673us-gaap:CommonStockMember2020-12-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-12-310000946673us-gaap:RetainedEarningsMember2020-12-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000946673us-gaap:RetainedEarningsMember2021-01-012021-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310000946673us-gaap:CommonStockMember2021-01-012021-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-01-012021-03-310000946673us-gaap:CommonStockMember2021-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-03-310000946673us-gaap:RetainedEarningsMember2021-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000946673us-gaap:CorporateBondSecuritiesMember2021-03-310000946673us-gaap:USTreasuryAndGovernmentMember2021-03-310000946673us-gaap:MunicipalBondsMember2021-03-310000946673us-gaap:MortgageBackedSecuritiesMember2021-03-310000946673us-gaap:AssetBackedSecuritiesMember2021-03-310000946673us-gaap:CorporateBondSecuritiesMember2020-12-310000946673us-gaap:USTreasuryAndGovernmentMember2020-12-310000946673us-gaap:MunicipalBondsMember2020-12-310000946673us-gaap:MortgageBackedSecuritiesMember2020-12-310000946673us-gaap:AssetBackedSecuritiesMember2020-12-31banr:numberOfSecuritiesbanr:numberOfSalesOfSecurities0000946673us-gaap:USTreasuryAndGovernmentMemberbanr:StandardPoorsAAAtoARatingMember2021-03-310000946673us-gaap:MunicipalBondsMemberbanr:StandardPoorsAAAtoARatingMember2021-03-310000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:CorporateBondSecuritiesMember2021-03-310000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:MortgageBackedSecuritiesMember2021-03-310000946673banr:StandardPoorsAAAtoARatingMember2021-03-310000946673banr:StandardPoorsNotRatedMemberus-gaap:USTreasuryAndGovernmentMember2021-03-310000946673us-gaap:MunicipalBondsMemberbanr:StandardPoorsNotRatedMember2021-03-310000946673banr:StandardPoorsNotRatedMemberus-gaap:CorporateBondSecuritiesMember2021-03-310000946673banr:StandardPoorsNotRatedMemberus-gaap:MortgageBackedSecuritiesMember2021-03-310000946673banr:StandardPoorsNotRatedMember2021-03-310000946673us-gaap:USTreasuryAndGovernmentMemberbanr:StandardPoorsAAAtoARatingMember2020-12-310000946673us-gaap:MunicipalBondsMemberbanr:StandardPoorsAAAtoARatingMember2020-12-310000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:CorporateBondSecuritiesMember2020-12-310000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:MortgageBackedSecuritiesMember2020-12-310000946673banr:StandardPoorsAAAtoARatingMember2020-12-310000946673banr:StandardPoorsNotRatedMemberus-gaap:USTreasuryAndGovernmentMember2020-12-310000946673us-gaap:MunicipalBondsMemberbanr:StandardPoorsNotRatedMember2020-12-310000946673banr:StandardPoorsNotRatedMemberus-gaap:CorporateBondSecuritiesMember2020-12-310000946673banr:StandardPoorsNotRatedMemberus-gaap:MortgageBackedSecuritiesMember2020-12-310000946673banr:StandardPoorsNotRatedMember2020-12-310000946673us-gaap:HeldtomaturitySecuritiesMember2020-12-310000946673us-gaap:USTreasuryAndGovernmentMember2021-01-012021-03-310000946673us-gaap:MunicipalBondsMember2021-01-012021-03-310000946673us-gaap:CorporateBondSecuritiesMember2021-01-012021-03-310000946673us-gaap:MortgageBackedSecuritiesMember2021-01-012021-03-310000946673us-gaap:HeldtomaturitySecuritiesMember2021-01-012021-03-310000946673us-gaap:HeldtomaturitySecuritiesMember2021-03-310000946673us-gaap:USTreasuryAndGovernmentMember2019-12-310000946673us-gaap:MunicipalBondsMember2019-12-310000946673us-gaap:CorporateBondSecuritiesMember2019-12-310000946673us-gaap:MortgageBackedSecuritiesMember2019-12-310000946673us-gaap:HeldtomaturitySecuritiesMember2019-12-310000946673us-gaap:USTreasuryAndGovernmentMember2020-01-012020-03-310000946673us-gaap:MunicipalBondsMember2020-01-012020-03-310000946673us-gaap:CorporateBondSecuritiesMember2020-01-012020-03-310000946673us-gaap:MortgageBackedSecuritiesMember2020-01-012020-03-310000946673us-gaap:HeldtomaturitySecuritiesMember2020-01-012020-03-310000946673us-gaap:USTreasuryAndGovernmentMember2020-03-310000946673us-gaap:MunicipalBondsMember2020-03-310000946673us-gaap:CorporateBondSecuritiesMember2020-03-310000946673us-gaap:MortgageBackedSecuritiesMember2020-03-310000946673us-gaap:HeldtomaturitySecuritiesMember2020-03-310000946673banr:OwnerOccupiedCommercialRealEstateMember2021-03-31xbrli:pure0000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673banr:SmallBalanceCommercialRealEstateLoansMember2021-03-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbanr:SmallBalanceCommercialRealEstateLoansMember2020-12-310000946673banr:MultifamilyRealEstateMember2021-03-310000946673banr:MultifamilyRealEstateMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000946673banr:CommercialConstructionMember2021-03-310000946673banr:CommercialConstructionMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000946673banr:MultifamilyConstructionMember2021-03-310000946673banr:MultifamilyConstructionMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000946673banr:OneToFourFamilyConstructionMember2021-03-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673banr:LandandLandDevelopmentTypeMember2021-03-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbanr:LandandLandDevelopmentTypeMember2020-12-310000946673banr:CommercialBusinessMember2021-03-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbanr:CommercialBusinessMember2020-12-310000946673banr:SmallCreditScoredBusinessLoansMember2021-03-310000946673banr:SmallCreditScoredBusinessLoansMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000946673banr:AgriculturalBusinessMember2021-03-310000946673banr:AgriculturalBusinessMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000946673banr:OneToFourFamilyResidentialMember2021-03-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673banr:ConsumerSecuredByOneToFourFamilyMember2021-03-310000946673banr:ConsumerSecuredByOneToFourFamilyMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000946673us-gaap:ConsumerLoanMember2021-03-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:ConsumerLoanMember2020-12-31banr:contract0000946673banr:CommercialBusinessMember2020-01-012020-03-310000946673us-gaap:PassMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:SpecialMentionMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:SubstandardMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:DoubtfulMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:PassMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:SpecialMentionMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:SubstandardMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:DoubtfulMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673banr:MultifamilyRealEstateMemberus-gaap:PassMember2021-03-310000946673us-gaap:SpecialMentionMemberbanr:MultifamilyRealEstateMember2021-03-310000946673us-gaap:SubstandardMemberbanr:MultifamilyRealEstateMember2021-03-310000946673us-gaap:DoubtfulMemberbanr:MultifamilyRealEstateMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyRealEstateMember2021-03-310000946673banr:CommercialConstructionMemberus-gaap:PassMember2021-03-310000946673banr:CommercialConstructionMemberus-gaap:SpecialMentionMember2021-03-310000946673us-gaap:SubstandardMemberbanr:CommercialConstructionMember2021-03-310000946673banr:CommercialConstructionMemberus-gaap:DoubtfulMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:CommercialConstructionMember2021-03-310000946673banr:MultifamilyConstructionMemberus-gaap:PassMember2021-03-310000946673us-gaap:SpecialMentionMemberbanr:MultifamilyConstructionMember2021-03-310000946673us-gaap:SubstandardMemberbanr:MultifamilyConstructionMember2021-03-310000946673us-gaap:DoubtfulMemberbanr:MultifamilyConstructionMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyConstructionMember2021-03-310000946673us-gaap:PassMemberbanr:OneToFourFamilyConstructionMember2021-03-310000946673us-gaap:SpecialMentionMemberbanr:OneToFourFamilyConstructionMember2021-03-310000946673us-gaap:SubstandardMemberbanr:OneToFourFamilyConstructionMember2021-03-310000946673us-gaap:DoubtfulMemberbanr:OneToFourFamilyConstructionMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:OneToFourFamilyConstructionMember2021-03-310000946673us-gaap:LandAndLandImprovementsMemberus-gaap:PassMember2021-03-310000946673us-gaap:SpecialMentionMemberus-gaap:LandAndLandImprovementsMember2021-03-310000946673us-gaap:SubstandardMemberus-gaap:LandAndLandImprovementsMember2021-03-310000946673us-gaap:DoubtfulMemberus-gaap:LandAndLandImprovementsMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:LandAndLandImprovementsMember2021-03-310000946673us-gaap:LandAndLandImprovementsMember2021-03-310000946673banr:CommercialBusinessMemberus-gaap:PassMember2021-03-310000946673us-gaap:SpecialMentionMemberbanr:CommercialBusinessMember2021-03-310000946673us-gaap:SubstandardMemberbanr:CommercialBusinessMember2021-03-310000946673us-gaap:DoubtfulMemberbanr:CommercialBusinessMember2021-03-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:CommercialBusinessMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:PassMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:SpecialMentionMember2021-03-310000946673us-gaap:SubstandardMemberbanr:AgriculturalBusinessMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:DoubtfulMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2021-03-310000946673us-gaap:PassMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:SpecialMentionMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:SubstandardMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:DoubtfulMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673banr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:PassMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:SpecialMentionMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:SubstandardMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:DoubtfulMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673banr:MultifamilyRealEstateMemberus-gaap:PassMember2020-12-310000946673us-gaap:SpecialMentionMemberbanr:MultifamilyRealEstateMember2020-12-310000946673us-gaap:SubstandardMemberbanr:MultifamilyRealEstateMember2020-12-310000946673us-gaap:DoubtfulMemberbanr:MultifamilyRealEstateMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyRealEstateMember2020-12-310000946673banr:MultifamilyRealEstateMember2020-12-310000946673banr:CommercialConstructionMemberus-gaap:PassMember2020-12-310000946673banr:CommercialConstructionMemberus-gaap:SpecialMentionMember2020-12-310000946673us-gaap:SubstandardMemberbanr:CommercialConstructionMember2020-12-310000946673banr:CommercialConstructionMemberus-gaap:DoubtfulMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:CommercialConstructionMember2020-12-310000946673banr:CommercialConstructionMember2020-12-310000946673banr:MultifamilyConstructionMemberus-gaap:PassMember2020-12-310000946673us-gaap:SpecialMentionMemberbanr:MultifamilyConstructionMember2020-12-310000946673us-gaap:SubstandardMemberbanr:MultifamilyConstructionMember2020-12-310000946673us-gaap:DoubtfulMemberbanr:MultifamilyConstructionMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyConstructionMember2020-12-310000946673banr:MultifamilyConstructionMember2020-12-310000946673us-gaap:PassMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673us-gaap:SpecialMentionMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673us-gaap:SubstandardMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673us-gaap:DoubtfulMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673banr:OneToFourFamilyConstructionMember2020-12-310000946673us-gaap:LandAndLandImprovementsMemberus-gaap:PassMember2020-12-310000946673us-gaap:SpecialMentionMemberus-gaap:LandAndLandImprovementsMember2020-12-310000946673us-gaap:SubstandardMemberus-gaap:LandAndLandImprovementsMember2020-12-310000946673us-gaap:DoubtfulMemberus-gaap:LandAndLandImprovementsMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:LandAndLandImprovementsMember2020-12-310000946673us-gaap:LandAndLandImprovementsMember2020-12-310000946673banr:CommercialBusinessMemberus-gaap:PassMember2020-12-310000946673us-gaap:SpecialMentionMemberbanr:CommercialBusinessMember2020-12-310000946673us-gaap:SubstandardMemberbanr:CommercialBusinessMember2020-12-310000946673us-gaap:DoubtfulMemberbanr:CommercialBusinessMember2020-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:CommercialBusinessMember2020-12-310000946673banr:CommercialBusinessMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:PassMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:SpecialMentionMember2020-12-310000946673us-gaap:SubstandardMemberbanr:AgriculturalBusinessMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:DoubtfulMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2020-12-310000946673banr:AgriculturalBusinessMember2020-12-310000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallBalanceCREMember2021-03-310000946673banr:SmallBalanceCREMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673banr:SmallBalanceCREMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673banr:SmallBalanceCREMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673banr:SmallBalanceCREMember2021-03-310000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2021-03-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673banr:FinanceReceivableNotPastDueMemberbanr:OneToFourFamilyResidentialMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OneToFourFamilyResidentialMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OneToFourFamilyResidentialMember2021-03-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:OneToFourFamilyResidentialMember2021-03-310000946673banr:FinanceReceivableNotPastDueMemberus-gaap:HomeEquityMember2021-03-310000946673us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673us-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673us-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673us-gaap:HomeEquityMember2021-03-310000946673banr:FinanceReceivableNotPastDueMemberus-gaap:ConsumerBorrowerMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerBorrowerMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerBorrowerMember2021-03-310000946673us-gaap:ConsumerBorrowerMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673us-gaap:ConsumerBorrowerMember2021-03-310000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallBalanceCREMember2020-12-310000946673banr:SmallBalanceCREMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673banr:SmallBalanceCREMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673banr:SmallBalanceCREMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673banr:SmallBalanceCREMember2020-12-310000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2020-12-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673banr:SmallCreditScoredBusinessLoansMember2020-12-310000946673banr:FinanceReceivableNotPastDueMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673banr:OneToFourFamilyResidentialMember2020-12-310000946673banr:FinanceReceivableNotPastDueMemberus-gaap:HomeEquityMember2020-12-310000946673us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673us-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673us-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673us-gaap:HomeEquityMember2020-12-310000946673banr:FinanceReceivableNotPastDueMemberus-gaap:ConsumerBorrowerMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerBorrowerMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerBorrowerMember2020-12-310000946673us-gaap:ConsumerBorrowerMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673us-gaap:ConsumerBorrowerMember2020-12-310000946673us-gaap:RealEstateLoanMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:AccountsReceivableMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:EquipmentMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:InventoriesMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:RealEstateLoanMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:AccountsReceivableMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:EquipmentMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:InventoriesMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:RealEstateLoanMemberbanr:SmallBalanceCREMember2021-03-310000946673banr:SmallBalanceCREMemberus-gaap:AccountsReceivableMember2021-03-310000946673us-gaap:EquipmentMemberbanr:SmallBalanceCREMember2021-03-310000946673us-gaap:InventoriesMemberbanr:SmallBalanceCREMember2021-03-310000946673us-gaap:RealEstateLoanMemberbanr:CommercialBusinessMember2021-03-310000946673us-gaap:AccountsReceivableMemberbanr:CommercialBusinessMember2021-03-310000946673us-gaap:EquipmentMemberbanr:CommercialBusinessMember2021-03-310000946673us-gaap:InventoriesMemberbanr:CommercialBusinessMember2021-03-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:RealEstateLoanMember2021-03-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:AccountsReceivableMember2021-03-310000946673us-gaap:EquipmentMemberbanr:SmallCreditScoredBusinessLoansMember2021-03-310000946673us-gaap:InventoriesMemberbanr:SmallCreditScoredBusinessLoansMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:RealEstateLoanMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:AccountsReceivableMember2021-03-310000946673us-gaap:EquipmentMemberbanr:AgriculturalBusinessMember2021-03-310000946673us-gaap:InventoriesMemberbanr:AgriculturalBusinessMember2021-03-310000946673us-gaap:RealEstateLoanMember2021-03-310000946673us-gaap:AccountsReceivableMember2021-03-310000946673us-gaap:EquipmentMember2021-03-310000946673us-gaap:InventoriesMember2021-03-310000946673us-gaap:RealEstateLoanMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:AccountsReceivableMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:EquipmentMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:InventoriesMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:RealEstateLoanMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:AccountsReceivableMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:EquipmentMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:InventoriesMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:RealEstateLoanMemberbanr:SmallBalanceCREMember2020-12-310000946673banr:SmallBalanceCREMemberus-gaap:AccountsReceivableMember2020-12-310000946673us-gaap:EquipmentMemberbanr:SmallBalanceCREMember2020-12-310000946673us-gaap:InventoriesMemberbanr:SmallBalanceCREMember2020-12-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:RealEstateLoanMember2020-12-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:AccountsReceivableMember2020-12-310000946673us-gaap:EquipmentMemberbanr:ResidentialLandAndLandDevelopmentMember2020-12-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:InventoriesMember2020-12-310000946673banr:ResidentialLandAndLandDevelopmentMember2020-12-310000946673us-gaap:RealEstateLoanMemberbanr:CommercialBusinessMember2020-12-310000946673us-gaap:AccountsReceivableMemberbanr:CommercialBusinessMember2020-12-310000946673us-gaap:EquipmentMemberbanr:CommercialBusinessMember2020-12-310000946673us-gaap:InventoriesMemberbanr:CommercialBusinessMember2020-12-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:RealEstateLoanMember2020-12-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:AccountsReceivableMember2020-12-310000946673us-gaap:EquipmentMemberbanr:SmallCreditScoredBusinessLoansMember2020-12-310000946673us-gaap:InventoriesMemberbanr:SmallCreditScoredBusinessLoansMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:RealEstateLoanMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:AccountsReceivableMember2020-12-310000946673us-gaap:EquipmentMemberbanr:AgriculturalBusinessMember2020-12-310000946673us-gaap:InventoriesMemberbanr:AgriculturalBusinessMember2020-12-310000946673us-gaap:RealEstateLoanMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673us-gaap:AccountsReceivableMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673us-gaap:EquipmentMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673us-gaap:InventoriesMemberbanr:OneToFourFamilyResidentialMember2020-12-310000946673us-gaap:RealEstateLoanMember2020-12-310000946673us-gaap:AccountsReceivableMember2020-12-310000946673us-gaap:EquipmentMember2020-12-310000946673us-gaap:InventoriesMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:InvestmentPropertiesCommericalRealEstateMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyRealEstateMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyRealEstateMember2021-03-310000946673banr:MultifamilyRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyConstructionMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyConstructionMember2021-03-310000946673banr:MultifamilyConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OneToFourFamilyConstructionMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OneToFourFamilyConstructionMember2021-03-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673banr:ResidentialLandAndLandDevelopmentMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:CommercialBusinessMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:CommercialBusinessMember2021-03-310000946673banr:CommercialBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673banr:ConsumerSecuredByOneToFourFamilyMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673banr:ConsumerSecuredByOneToFourFamilyMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673banr:ConsumerSecuredByOneToFourFamilyMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerLoanMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMember2021-03-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerLoanMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:InvestmentPropertiesCommericalRealEstateMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyRealEstateMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyRealEstateMember2020-12-310000946673banr:MultifamilyRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyConstructionMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyConstructionMember2020-12-310000946673banr:MultifamilyConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OneToFourFamilyConstructionMember2020-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673banr:ResidentialLandAndLandDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:CommercialBusinessMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:CommercialBusinessMember2020-12-310000946673banr:CommercialBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673banr:ConsumerSecuredByOneToFourFamilyMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673banr:ConsumerSecuredByOneToFourFamilyMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673banr:ConsumerSecuredByOneToFourFamilyMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673banr:ConsumerSecuredByOneToFourFamilyMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerLoanMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMember2020-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerLoanMember2020-12-310000946673us-gaap:ConsumerLoanMember2020-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000946673us-gaap:CommercialRealEstateMember2020-12-310000946673banr:ConstructionAndLandMember2020-12-310000946673banr:TotalConsumerMember2020-12-310000946673us-gaap:UnallocatedFinancingReceivablesMember2020-12-310000946673us-gaap:CommercialRealEstateMember2021-01-012021-03-310000946673banr:MultifamilyRealEstateMember2021-01-012021-03-310000946673banr:ConstructionAndLandMember2021-01-012021-03-310000946673banr:CommercialBusinessMember2021-01-012021-03-310000946673banr:AgriculturalBusinessMember2021-01-012021-03-310000946673banr:OneToFourFamilyResidentialMember2021-01-012021-03-310000946673banr:TotalConsumerMember2021-01-012021-03-310000946673us-gaap:UnallocatedFinancingReceivablesMember2021-01-012021-03-310000946673us-gaap:CommercialRealEstateMember2021-03-310000946673banr:ConstructionAndLandMember2021-03-310000946673banr:TotalConsumerMember2021-03-310000946673us-gaap:UnallocatedFinancingReceivablesMember2021-03-310000946673us-gaap:CommercialRealEstateMember2019-12-310000946673banr:MultifamilyRealEstateMember2019-12-310000946673banr:ConstructionAndLandMember2019-12-310000946673banr:CommercialBusinessMember2019-12-310000946673banr:AgriculturalBusinessMember2019-12-310000946673banr:OneToFourFamilyResidentialMember2019-12-310000946673banr:TotalConsumerMember2019-12-310000946673us-gaap:UnallocatedFinancingReceivablesMember2019-12-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstateMember2019-12-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberbanr:MultifamilyRealEstateMember2019-12-310000946673banr:ConstructionAndLandMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberbanr:CommercialBusinessMember2019-12-310000946673banr:AgriculturalBusinessMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberbanr:OneToFourFamilyResidentialMember2019-12-310000946673banr:TotalConsumerMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:UnallocatedFinancingReceivablesMember2019-12-310000946673srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310000946673us-gaap:CommercialRealEstateMember2020-01-012020-03-310000946673banr:MultifamilyRealEstateMember2020-01-012020-03-310000946673banr:ConstructionAndLandMember2020-01-012020-03-310000946673banr:AgriculturalBusinessMember2020-01-012020-03-310000946673banr:OneToFourFamilyResidentialMember2020-01-012020-03-310000946673banr:TotalConsumerMember2020-01-012020-03-310000946673us-gaap:UnallocatedFinancingReceivablesMember2020-01-012020-03-310000946673us-gaap:CommercialRealEstateMember2020-03-310000946673banr:MultifamilyRealEstateMember2020-03-310000946673banr:ConstructionAndLandMember2020-03-310000946673banr:CommercialBusinessMember2020-03-310000946673banr:AgriculturalBusinessMember2020-03-310000946673banr:OneToFourFamilyResidentialMember2020-03-310000946673banr:TotalConsumerMember2020-03-310000946673us-gaap:UnallocatedFinancingReceivablesMember2020-03-310000946673banr:OneToFourFamilyResidentialMember2021-03-310000946673us-gaap:CoreDepositsMember2019-12-310000946673us-gaap:CoreDepositsMember2020-01-012020-12-3100009466732020-01-012020-12-310000946673us-gaap:CoreDepositsMember2020-12-310000946673us-gaap:CoreDepositsMember2021-01-012021-03-310000946673us-gaap:CoreDepositsMember2021-03-310000946673us-gaap:ServicingContractsMember2021-03-310000946673us-gaap:ServicingContractsMember2020-12-310000946673us-gaap:ServicingContractsMember2019-12-310000946673us-gaap:ServicingContractsMember2021-01-012021-03-310000946673us-gaap:ServicingContractsMember2020-01-012020-03-310000946673us-gaap:ServicingContractsMember2020-03-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2021-03-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2021-03-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2020-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2020-12-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2021-03-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2021-03-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2020-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanr:InterestRateForwardSalesCommitmentsMember2021-03-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanr:InterestRateForwardSalesCommitmentsMember2021-03-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanr:InterestRateForwardSalesCommitmentsMember2020-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanr:InterestRateForwardSalesCommitmentsMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:LoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:LoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000946673us-gaap:IncomeApproachValuationTechniqueMemberus-gaap:JuniorSubordinatedDebtMemberus-gaap:FairValueInputsLevel3Member2021-01-012021-03-310000946673us-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberbanr:TrustPreferredSecuritiesMember2021-01-012021-03-310000946673us-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberbanr:TrustPreferredSecuritiesMember2020-01-012020-12-310000946673banr:DiscounttoappraisedvalueMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberbanr:ImpairedLoansMember2021-01-012021-03-310000946673banr:DiscounttoappraisedvalueMemberus-gaap:FairValueInputsLevel3Memberbanr:ImpairedLoansMembersrt:MaximumMember2021-01-012021-03-310000946673banr:DiscounttoappraisedvalueMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberbanr:ImpairedLoansMember2020-01-012020-12-310000946673banr:DiscounttoappraisedvalueMemberus-gaap:FairValueInputsLevel3Memberbanr:ImpairedLoansMembersrt:MaximumMember2020-01-012020-12-310000946673banr:DiscounttoappraisedvalueMemberbanr:RealEstateOwnedMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Member2021-01-012021-03-310000946673banr:DiscounttoappraisedvalueMemberbanr:RealEstateOwnedMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-12-310000946673srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberbanr:ValuationPricingModelMemberus-gaap:InterestRateLockCommitmentsMember2021-01-012021-03-310000946673us-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ServicingContractsMember2020-01-012020-12-310000946673banr:TrustPreferredSecuritiesMember2020-12-310000946673us-gaap:JuniorSubordinatedDebtMember2020-12-310000946673banr:TrustPreferredSecuritiesMember2021-01-012021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-01-012021-03-310000946673us-gaap:JuniorSubordinatedDebtMember2021-01-012021-03-310000946673banr:TrustPreferredSecuritiesMember2021-03-310000946673us-gaap:JuniorSubordinatedDebtMember2021-03-310000946673banr:TrustPreferredSecuritiesMember2019-12-310000946673us-gaap:JuniorSubordinatedDebtMember2019-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000946673banr:TrustPreferredSecuritiesMember2020-01-012020-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-01-012020-03-310000946673us-gaap:JuniorSubordinatedDebtMember2020-01-012020-03-310000946673banr:TrustPreferredSecuritiesMember2020-03-310000946673us-gaap:JuniorSubordinatedDebtMember2020-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMember2021-03-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000946673us-gaap:FairValueMeasurementsNonrecurringMember2020-12-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbanr:ImpairedLoansMember2021-01-012021-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbanr:ImpairedLoansMember2020-01-012020-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateMember2021-01-012021-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateMember2020-01-012020-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-01-012021-03-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-03-310000946673banr:TwoThousandFourteenOmnibusIncentivePlanMember2014-04-220000946673banr:TwoThousandFourteenOmnibusIncentivePlanMemberus-gaap:RestrictedStockMember2014-04-222020-09-300000946673us-gaap:RestrictedStockUnitsRSUMemberbanr:TwoThousandFourteenOmnibusIncentivePlanMember2014-04-222020-09-300000946673us-gaap:RestrictedStockUnitsRSUMemberbanr:TwoThousandFourteenOmnibusIncentivePlanMember2014-04-222019-06-300000946673banr:TwoThousandEighteenOmnibusIncentivePlan2018Member2018-04-240000946673us-gaap:RestrictedStockUnitsRSUMemberbanr:TwoThousandEighteenOmnibusIncentivePlan2018Member2018-04-242020-09-300000946673us-gaap:RestrictedStockMember2021-01-012021-03-310000946673us-gaap:RestrictedStockMember2020-01-012020-03-310000946673us-gaap:RestrictedStockMember2021-03-310000946673us-gaap:CommitmentsToExtendCreditMember2021-03-310000946673us-gaap:CommitmentsToExtendCreditMember2020-12-310000946673us-gaap:FinancialStandbyLetterOfCreditMember2021-03-310000946673us-gaap:FinancialStandbyLetterOfCreditMember2020-12-310000946673us-gaap:LoanOriginationCommitmentsMember2021-03-310000946673us-gaap:LoanOriginationCommitmentsMember2020-12-310000946673banr:RiskParticipationAgreementMember2021-03-310000946673banr:RiskParticipationAgreementMember2020-12-310000946673banr:LoansHeldForSaleOriginationCommitmentsMember2021-03-310000946673banr:LoansHeldForSaleOriginationCommitmentsMember2020-12-310000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2021-03-310000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2020-12-310000946673banr:CommitmentsToSellMortgageBackedSecuritiesMember2021-03-310000946673banr:CommitmentsToSellMortgageBackedSecuritiesMember2020-12-310000946673banr:AmountfundedoutofatotalcommitmenttoinvestMember2021-03-310000946673banr:AmountunfundedoutofatotalcommitmenttoinvestMember2021-03-310000946673banr:AmountfundedoutofatotalcommitmenttoinvestMember2020-12-310000946673banr:AmountunfundedoutofatotalcommitmenttoinvestMember2020-12-310000946673srt:MinimumMember2021-01-012021-03-310000946673srt:MaximumMember2021-01-012021-03-310000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2021-01-012021-03-310000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2020-01-012020-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:LoansReceivableMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:LoansReceivableMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2020-12-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2021-03-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2021-03-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2020-12-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2020-12-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2021-03-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:OtherAssetsMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:OtherAssetsMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:NondesignatedMember2021-03-310000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:NondesignatedMember2020-12-310000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2020-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:LoansReceivableMemberus-gaap:NondesignatedMember2021-03-310000946673us-gaap:InterestRateSwapMemberus-gaap:LoansReceivableMemberus-gaap:NondesignatedMember2020-12-310000946673banr:MortgageLoanCommitmentsMemberbanr:MortgageBankingOperationsMemberus-gaap:NondesignatedMember2021-01-012021-03-310000946673banr:MortgageLoanCommitmentsMemberbanr:MortgageBankingOperationsMemberus-gaap:NondesignatedMember2020-01-012020-03-310000946673banr:MortgageBankingOperationsMemberbanr:ForwardSalesContractsMemberus-gaap:NondesignatedMember2021-01-012021-03-310000946673banr:MortgageBankingOperationsMemberbanr:ForwardSalesContractsMemberus-gaap:NondesignatedMember2020-01-012020-03-310000946673us-gaap:NondesignatedMember2021-01-012021-03-310000946673us-gaap:NondesignatedMember2020-01-012020-03-310000946673us-gaap:InterestRateSwapMember2020-12-310000946673us-gaap:InterestRateSwapMember2021-03-310000946673us-gaap:DepositAccountMember2021-01-012021-03-310000946673us-gaap:DepositAccountMember2020-01-012020-03-310000946673us-gaap:CreditCardMerchantDiscountMember2021-01-012021-03-310000946673us-gaap:CreditCardMerchantDiscountMember2020-01-012020-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q 

(Mark One)

x    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2021

OR

☐    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ to ______________

 Commission File Number 000-26584

BANNER CORPORATION

(Exact name of registrant as specified in its charter)

10 South First Avenue, Walla Walla, Washington 99362

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code:  (509) 527-3636

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes

[x]

No

[  ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes

[x]

No

[  ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

[x]

Accelerated filer    [ ]

Non-accelerated filer   [  ]

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes

☐

No

[x]

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Title of class:

As of April 30, 2021

Common Stock, $.01 par value per share

34,797,764 shares

 

BANNER CORPORATION AND SUBSIDIARIES

Table of Contents

PART I – FINANCIAL INFORMATION
Item 1 – Financial Statements.  The Unaudited Condensed Consolidated Financial Statements of Banner Corporation and Subsidiaries filed as a part of the report are as follows:
Consolidated Statements of Financial Condition as of March 31, 2021 and December 31, 2020			4
Consolidated Statements of Operations for the Three Months Ended March 31, 2021 and 2020			5
Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2021 and 2020			6
Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2021 and the Year Ended December 31, 2020			7
Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020			10
Selected Notes to the Consolidated Financial Statements			12
Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations
Executive Overview			47
Comparison of Financial Condition at March 31, 2021 and December 31, 2020			56
Comparison of Results of Operations for the Three Months Ended March 31, 2021 and 2020			59
Asset Quality			65
Liquidity and Capital Resources			66
Capital Requirements			67
Item 3 – Quantitative and Qualitative Disclosures About Market Risk
Market Risk and Asset/Liability Management			69
Sensitivity Analysis			69
Item 4 – Controls and Procedures			73
PART II – OTHER INFORMATION
Item 1 – Legal Proceedings			74
Item 1A – Risk Factors			74
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds			74
Item 3 – Defaults upon Senior Securities			74
Item 4 – Mine Safety Disclosures			74
Item 5 – Other Information			74
Item 6 – Exhibits			75
SIGNATURES			77

Special Note Regarding Forward-Looking Statements

Certain matters in this Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements relate to our financial condition, liquidity, results of operations, plans, objectives, future performance or business.  Forward-looking statements are not statements of historical fact, are based on certain assumptions and are generally identified by use of the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.”  Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions and statements about future economic performance and projections of financial items.  These forward looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements. The novel coronavirus (COVID-19) pandemic, is adversely affecting us, our clients, counterparties, employees, and third-party service providers, and the ultimate extent of the impacts on our business, financial position, results of operations, liquidity, and prospects is uncertain. Deterioration in general business and economic conditions, including increases in unemployment rates, or turbulence in domestic or global financial markets could adversely affect our revenues and the values of our assets and liabilities, reduce the availability of funding, lead to a tightening of credit, and increase stock price volatility. In addition, changes to statutes, regulations, or regulatory policies or practices as a result of, or in response to COVID-19, could affect us in substantial and unpredictable ways. Other factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to, the following: the credit risks of lending activities, including changes in the level and trend of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses and provisions for credit losses; the ability to manage loan delinquency rates; competitive pressures among financial services companies; changes in consumer spending or borrowing and spending habits; interest rate movements generally and the relative differences between short and long-term interest rates, loan and deposit interest rates, net interest margin and funding sources; uncertainty regarding the future of the London Interbank Offered Rate (LIBOR), and the potential transition away from LIBOR toward new interest rate benchmarks; the impact of repricing and competitors’ pricing initiatives on loan and deposit products; fluctuations in the demand for loans, the number of unsold homes, land and other properties and fluctuations in real estate values; the ability to adapt successfully to technological changes to meet clients’ needs and developments in the marketplace; the ability to access cost-effective funding; the ability to control operating costs and expenses; the use of estimates in determining fair value of certain assets and liabilities, which estimates may prove to be incorrect and result in significant changes in valuation; staffing fluctuations in response to product demand or the implementation of corporate strategies that affect employees, and potential associated charges; disruptions, security breaches or other adverse events, failures or interruptions in, or attacks on, information technology systems or on the third-party vendors who perform critical processing functions; changes in financial markets; changes in economic conditions in general and in Washington, Idaho, Oregon and California in particular; secondary market conditions for loans and the ability to sell loans in the secondary market; the costs, effects and outcomes of litigation; legislation or regulatory changes or reforms, including changes in regulatory policies and principles, or the interpretation of regulatory capital or other rules, results of safety and soundness and compliance examinations by the Board of Governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (the FDIC), the Washington State Department of Financial Institutions, Division of Banks, (the Washington DFI) or other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require restitution or institute an informal or formal enforcement action which could require an increase in reserves for loan losses, write-downs of assets or changes in regulatory capital position, or affect the ability to borrow funds, or maintain or increase deposits, or impose additional requirements and restrictions, any of which could adversely affect liquidity and earnings; the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions; adverse changes in the securities markets; the inability of key third-party providers to perform their obligations; changes in accounting principles, policies or guidelines, including additional guidance and interpretation on accounting issues and details of the implementation of new accounting methods; the economic impact of war or any terrorist activities; other economic, competitive, governmental, regulatory and technological factors affecting operations, pricing, products and services; including the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the CARES Act) and the Consolidated Appropriations Act, 2021 the (CAA); future acquisitions by Banner of other depository institutions or lines of business; and future goodwill impairment due to changes in Banner’s business, changes in market conditions, including as a result of the COVID-19 pandemic, including recent vaccination efforts, or other factors; and other risks detailed from time to time in our filings with the U.S. Securities and Exchange Commission (SEC), including this report on Form 10-Q.  Any forward-looking statements are based upon management’s beliefs and assumptions at the time they are made.  We do not undertake and specifically disclaim any obligation to update any forward-looking statements included in this report or the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise.  These risks could cause our actual results to differ materially from those expressed in any forward-looking statements by, or on behalf of, us. Further, many of these risks and uncertainties are currently amplified by and may continue to be amplified by or may, in the future, be amplified by, the COVID-19 pandemic.  In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this report might not occur, and you should not put undue reliance on any forward-looking statements.

As used throughout this report, the terms “we,” “our,” “us,” or the “Company” refer to Banner Corporation and its consolidated subsidiaries, unless the context otherwise requires.  All references to “Banner” refer to Banner Corporation and those to “the Bank” refer to its wholly-owned subsidiary, Banner Bank.