false0000946673December 312023Q3http://fasb.org/us-gaap/2023#OtherAssetshttp://fasb.org/us-gaap/2023#OtherAssetshttp://fasb.org/us-gaap/2023#OtherAccountsPayableAndAccruedLiabilitieshttp://fasb.org/us-gaap/2023#OtherAccountsPayableAndAccruedLiabilities00009466732023-01-012023-09-3000009466732023-10-31xbrli:shares00009466732023-09-30iso4217:USD00009466732022-12-310000946673us-gaap:LoansMember2023-09-300000946673us-gaap:LoansMember2022-12-31iso4217:USDxbrli:shares0000946673banr:VotingCommonStockMember2023-09-300000946673banr:VotingCommonStockMember2022-12-310000946673us-gaap:NonvotingCommonStockMember2023-09-300000946673us-gaap:NonvotingCommonStockMember2022-12-3100009466732023-07-012023-09-3000009466732022-07-012022-09-3000009466732022-01-012022-09-300000946673us-gaap:CommonStockMember2021-12-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-12-310000946673us-gaap:RetainedEarningsMember2021-12-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-3100009466732021-12-310000946673us-gaap:RetainedEarningsMember2022-01-012022-03-3100009466732022-01-012022-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310000946673us-gaap:CommonStockMember2022-01-012022-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-01-012022-03-310000946673us-gaap:CommonStockMember2022-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-03-310000946673us-gaap:RetainedEarningsMember2022-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-3100009466732022-03-310000946673us-gaap:RetainedEarningsMember2022-04-012022-06-3000009466732022-04-012022-06-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300000946673us-gaap:CommonStockMember2022-04-012022-06-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-04-012022-06-300000946673us-gaap:CommonStockMember2022-06-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-06-300000946673us-gaap:RetainedEarningsMember2022-06-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-3000009466732022-06-300000946673us-gaap:RetainedEarningsMember2022-07-012022-09-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000946673us-gaap:CommonStockMember2022-07-012022-09-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-07-012022-09-300000946673us-gaap:CommonStockMember2022-09-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-09-300000946673us-gaap:RetainedEarningsMember2022-09-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-3000009466732022-09-300000946673us-gaap:RetainedEarningsMember2022-10-012022-12-3100009466732022-10-012022-12-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-10-012022-12-310000946673us-gaap:CommonStockMember2022-10-012022-12-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-10-012022-12-310000946673us-gaap:CommonStockMember2022-12-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-12-310000946673us-gaap:RetainedEarningsMember2022-12-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000946673us-gaap:RetainedEarningsMember2023-01-012023-03-3100009466732023-01-012023-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310000946673us-gaap:CommonStockMember2023-01-012023-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-01-012023-03-310000946673us-gaap:CommonStockMember2023-03-310000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-03-310000946673us-gaap:RetainedEarningsMember2023-03-310000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-3100009466732023-03-310000946673us-gaap:RetainedEarningsMember2023-04-012023-06-3000009466732023-04-012023-06-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300000946673us-gaap:CommonStockMember2023-04-012023-06-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-04-012023-06-300000946673us-gaap:CommonStockMember2023-06-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-06-300000946673us-gaap:RetainedEarningsMember2023-06-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-3000009466732023-06-300000946673us-gaap:RetainedEarningsMember2023-07-012023-09-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000946673us-gaap:CommonStockMember2023-07-012023-09-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-07-012023-09-300000946673us-gaap:CommonStockMember2023-09-300000946673us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-09-300000946673us-gaap:RetainedEarningsMember2023-09-300000946673us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300000946673us-gaap:CorporateBondSecuritiesMember2023-09-300000946673us-gaap:USTreasuryAndGovernmentMember2023-09-300000946673us-gaap:MunicipalBondsMember2023-09-300000946673us-gaap:MortgageBackedSecuritiesMember2023-09-300000946673us-gaap:AssetBackedSecuritiesMember2023-09-300000946673us-gaap:CorporateBondSecuritiesMember2022-12-310000946673us-gaap:USTreasuryAndGovernmentMember2022-12-310000946673us-gaap:MunicipalBondsMember2022-12-310000946673us-gaap:MortgageBackedSecuritiesMember2022-12-310000946673us-gaap:AssetBackedSecuritiesMember2022-12-31banr:numberOfSecurities0000946673banr:SecuritiesForStateAndLocalGovernmentPublicDepositsMemberus-gaap:AssetPledgedAsCollateralWithoutRightMember2023-09-300000946673us-gaap:AssetPledgedAsCollateralWithoutRightMemberbanr:SecuritiesForFederalReserveMember2023-09-300000946673us-gaap:AssetPledgedAsCollateralWithoutRightMemberbanr:SecuritiesForInterestRateSwapCounterpartiesMember2023-09-300000946673us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:AssetPledgedAsCollateralWithoutRightMember2023-09-300000946673banr:InterestBearingDepositsForOtherDebtFacilitiesMemberus-gaap:AssetPledgedAsCollateralWithoutRightMember2023-09-300000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:USTreasuryAndGovernmentMember2023-09-300000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:MunicipalBondsMember2023-09-300000946673us-gaap:CorporateBondSecuritiesMemberbanr:StandardPoorsAAAtoARatingMember2023-09-300000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:MortgageBackedSecuritiesMember2023-09-300000946673banr:StandardPoorsAAAtoARatingMember2023-09-300000946673banr:CreditRatingNotCreditRatedMemberus-gaap:USTreasuryAndGovernmentMember2023-09-300000946673banr:CreditRatingNotCreditRatedMemberus-gaap:MunicipalBondsMember2023-09-300000946673us-gaap:CorporateBondSecuritiesMemberbanr:CreditRatingNotCreditRatedMember2023-09-300000946673banr:CreditRatingNotCreditRatedMemberus-gaap:MortgageBackedSecuritiesMember2023-09-300000946673banr:CreditRatingNotCreditRatedMember2023-09-300000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:MunicipalBondsMember2022-12-310000946673us-gaap:CorporateBondSecuritiesMemberbanr:StandardPoorsAAAtoARatingMember2022-12-310000946673banr:StandardPoorsAAAtoARatingMemberus-gaap:MortgageBackedSecuritiesMember2022-12-310000946673banr:StandardPoorsAAAtoARatingMember2022-12-310000946673banr:CreditRatingNotCreditRatedMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310000946673banr:CreditRatingNotCreditRatedMemberus-gaap:MunicipalBondsMember2022-12-310000946673us-gaap:CorporateBondSecuritiesMemberbanr:CreditRatingNotCreditRatedMember2022-12-310000946673banr:CreditRatingNotCreditRatedMemberus-gaap:MortgageBackedSecuritiesMember2022-12-310000946673banr:CreditRatingNotCreditRatedMember2022-12-310000946673us-gaap:USTreasuryAndGovernmentMember2023-06-300000946673us-gaap:MunicipalBondsMember2023-06-300000946673us-gaap:CorporateBondSecuritiesMember2023-06-300000946673us-gaap:MortgageBackedSecuritiesMember2023-06-300000946673us-gaap:USTreasuryAndGovernmentMember2023-07-012023-09-300000946673us-gaap:MunicipalBondsMember2023-07-012023-09-300000946673us-gaap:CorporateBondSecuritiesMember2023-07-012023-09-300000946673us-gaap:MortgageBackedSecuritiesMember2023-07-012023-09-300000946673us-gaap:USTreasuryAndGovernmentMember2023-01-012023-09-300000946673us-gaap:MunicipalBondsMember2023-01-012023-09-300000946673us-gaap:CorporateBondSecuritiesMember2023-01-012023-09-300000946673us-gaap:MortgageBackedSecuritiesMember2023-01-012023-09-300000946673banr:OwnerOccupiedCommercialRealEstateMember2023-09-30xbrli:pure0000946673banr:OwnerOccupiedCommercialRealEstateMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMember2022-12-310000946673banr:SmallBalanceCommercialRealEstateLoansMember2023-09-300000946673banr:SmallBalanceCommercialRealEstateLoansMember2022-12-310000946673banr:MultifamilyRealEstateMember2023-09-300000946673banr:MultifamilyRealEstateMember2022-12-310000946673banr:CommercialConstructionMember2023-09-300000946673banr:CommercialConstructionMember2022-12-310000946673banr:MultifamilyConstructionMember2023-09-300000946673banr:MultifamilyConstructionMember2022-12-310000946673banr:OneToFourFamilyConstructionMember2023-09-300000946673banr:OneToFourFamilyConstructionMember2022-12-310000946673banr:LandandLandDevelopmentTypeMember2023-09-300000946673banr:LandandLandDevelopmentTypeMember2022-12-310000946673banr:CommercialBusinessMember2023-09-300000946673banr:CommercialBusinessMember2022-12-310000946673banr:SmallCreditScoredBusinessLoansMember2023-09-300000946673banr:SmallCreditScoredBusinessLoansMember2022-12-310000946673banr:AgriculturalBusinessMember2023-09-300000946673banr:AgriculturalBusinessMember2022-12-310000946673banr:OneToFourFamilyResidentialMember2023-09-300000946673banr:OneToFourFamilyResidentialMember2022-12-310000946673us-gaap:HomeEquityMember2023-09-300000946673us-gaap:HomeEquityMember2022-12-310000946673us-gaap:ConsumerLoanMember2023-09-300000946673us-gaap:ConsumerLoanMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:ExtendedMaturityMember2023-09-300000946673us-gaap:ExtendedMaturityMember2023-09-30banr:Months0000946673us-gaap:PassMemberbanr:OwnerOccupiedCommercialRealEstateMember2023-09-300000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:SpecialMentionMember2023-09-300000946673us-gaap:SubstandardMemberbanr:OwnerOccupiedCommercialRealEstateMember2023-09-300000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:DoubtfulMember2023-09-300000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:OwnerOccupiedCommercialRealEstateMember2023-09-300000946673banr:OwnerOccupiedCommercialRealEstateMember2023-01-012023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:PassMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:SpecialMentionMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:SubstandardMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:DoubtfulMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMember2023-01-012023-09-300000946673us-gaap:PassMemberbanr:MultifamilyRealEstateMember2023-09-300000946673us-gaap:SpecialMentionMemberbanr:MultifamilyRealEstateMember2023-09-300000946673us-gaap:SubstandardMemberbanr:MultifamilyRealEstateMember2023-09-300000946673banr:MultifamilyRealEstateMemberus-gaap:DoubtfulMember2023-09-300000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyRealEstateMember2023-09-300000946673banr:MultifamilyRealEstateMember2023-01-012023-09-300000946673us-gaap:PassMemberbanr:CommercialConstructionMember2023-09-300000946673banr:CommercialConstructionMemberus-gaap:SpecialMentionMember2023-09-300000946673us-gaap:SubstandardMemberbanr:CommercialConstructionMember2023-09-300000946673banr:CommercialConstructionMemberus-gaap:DoubtfulMember2023-09-300000946673banr:CommercialConstructionMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-09-300000946673banr:CommercialConstructionMember2023-01-012023-09-300000946673us-gaap:PassMemberbanr:MultifamilyConstructionMember2023-09-300000946673us-gaap:SpecialMentionMemberbanr:MultifamilyConstructionMember2023-09-300000946673us-gaap:SubstandardMemberbanr:MultifamilyConstructionMember2023-09-300000946673banr:MultifamilyConstructionMemberus-gaap:DoubtfulMember2023-09-300000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyConstructionMember2023-09-300000946673banr:MultifamilyConstructionMember2023-01-012023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:PassMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:SpecialMentionMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:SubstandardMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:DoubtfulMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-09-300000946673banr:OneToFourFamilyConstructionMember2023-01-012023-09-300000946673us-gaap:PassMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673us-gaap:SpecialMentionMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673us-gaap:SubstandardMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673banr:LandandLandDevelopmentTypeMemberus-gaap:DoubtfulMember2023-09-300000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673banr:LandandLandDevelopmentTypeMember2023-01-012023-09-300000946673banr:CommercialBusinessMemberus-gaap:PassMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:SpecialMentionMember2023-09-300000946673us-gaap:SubstandardMemberbanr:CommercialBusinessMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:DoubtfulMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-09-300000946673banr:CommercialBusinessMember2023-01-012023-09-300000946673us-gaap:PassMemberbanr:AgriculturalBusinessMember2023-09-300000946673us-gaap:SpecialMentionMemberbanr:AgriculturalBusinessMember2023-09-300000946673us-gaap:SubstandardMemberbanr:AgriculturalBusinessMember2023-09-300000946673banr:AgriculturalBusinessMemberus-gaap:DoubtfulMember2023-09-300000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:AgriculturalBusinessMember2023-09-300000946673banr:AgriculturalBusinessMember2023-01-012023-09-300000946673us-gaap:PassMemberbanr:OwnerOccupiedCommercialRealEstateMember2022-12-310000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:SpecialMentionMember2022-12-310000946673us-gaap:SubstandardMemberbanr:OwnerOccupiedCommercialRealEstateMember2022-12-310000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:DoubtfulMember2022-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:OwnerOccupiedCommercialRealEstateMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:PassMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:SpecialMentionMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:SubstandardMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:DoubtfulMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000946673us-gaap:PassMemberbanr:MultifamilyRealEstateMember2022-12-310000946673us-gaap:SpecialMentionMemberbanr:MultifamilyRealEstateMember2022-12-310000946673us-gaap:SubstandardMemberbanr:MultifamilyRealEstateMember2022-12-310000946673banr:MultifamilyRealEstateMemberus-gaap:DoubtfulMember2022-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyRealEstateMember2022-12-310000946673us-gaap:PassMemberbanr:CommercialConstructionMember2022-12-310000946673banr:CommercialConstructionMemberus-gaap:SpecialMentionMember2022-12-310000946673us-gaap:SubstandardMemberbanr:CommercialConstructionMember2022-12-310000946673banr:CommercialConstructionMemberus-gaap:DoubtfulMember2022-12-310000946673banr:CommercialConstructionMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000946673us-gaap:PassMemberbanr:MultifamilyConstructionMember2022-12-310000946673us-gaap:SpecialMentionMemberbanr:MultifamilyConstructionMember2022-12-310000946673us-gaap:SubstandardMemberbanr:MultifamilyConstructionMember2022-12-310000946673banr:MultifamilyConstructionMemberus-gaap:DoubtfulMember2022-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:MultifamilyConstructionMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:PassMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:SpecialMentionMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:SubstandardMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:DoubtfulMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000946673us-gaap:PassMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673us-gaap:SpecialMentionMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673us-gaap:SubstandardMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673banr:LandandLandDevelopmentTypeMemberus-gaap:DoubtfulMember2022-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:PassMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:SpecialMentionMember2022-12-310000946673us-gaap:SubstandardMemberbanr:CommercialBusinessMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:DoubtfulMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000946673us-gaap:PassMemberbanr:AgriculturalBusinessMember2022-12-310000946673us-gaap:SpecialMentionMemberbanr:AgriculturalBusinessMember2022-12-310000946673us-gaap:SubstandardMemberbanr:AgriculturalBusinessMember2022-12-310000946673banr:AgriculturalBusinessMemberus-gaap:DoubtfulMember2022-12-310000946673us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberbanr:AgriculturalBusinessMember2022-12-310000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallBalanceCommercialRealEstateLoansMember2023-09-300000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:SmallBalanceCommercialRealEstateLoansMember2023-09-300000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:SmallBalanceCommercialRealEstateLoansMember2023-01-012023-09-300000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2023-09-300000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:SmallCreditScoredBusinessLoansMember2023-01-012023-09-300000946673banr:OneToFourFamilyResidentialMemberbanr:FinanceReceivableNotPastDueMember2023-09-300000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:OneToFourFamilyResidentialMember2023-01-012023-09-300000946673banr:FinanceReceivableNotPastDueMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:HomeEquityMember2023-01-012023-09-300000946673banr:FinanceReceivableNotPastDueMemberus-gaap:ConsumerLoanMember2023-09-300000946673us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMember2023-09-300000946673us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673us-gaap:ConsumerLoanMember2023-01-012023-09-300000946673banr:TotalConsumerMember2023-01-012023-09-300000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallBalanceCommercialRealEstateLoansMember2022-12-310000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:SmallBalanceCommercialRealEstateLoansMember2022-12-310000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:FinanceReceivableNotPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2022-12-310000946673banr:SmallCreditScoredBusinessLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberbanr:FinanceReceivableNotPastDueMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:FinanceReceivableNotPastDueMemberus-gaap:HomeEquityMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:HomeEquityMember2022-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:HomeEquityMember2022-12-310000946673banr:FinanceReceivableNotPastDueMemberus-gaap:ConsumerLoanMember2022-12-310000946673us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMember2022-12-310000946673us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673us-gaap:RealEstateLoanMemberbanr:SmallBalanceCommercialRealEstateLoansMember2023-09-300000946673us-gaap:EquipmentMemberbanr:SmallBalanceCommercialRealEstateLoansMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:RealEstateLoanMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:EquipmentMember2023-09-300000946673us-gaap:RealEstateLoanMemberbanr:ResidentialLandAndLandDevelopmentMember2023-09-300000946673us-gaap:EquipmentMemberbanr:ResidentialLandAndLandDevelopmentMember2023-09-300000946673banr:ResidentialLandAndLandDevelopmentMember2023-09-300000946673us-gaap:RealEstateLoanMemberbanr:CommercialBusinessMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:EquipmentMember2023-09-300000946673us-gaap:RealEstateLoanMemberbanr:SmallCreditScoredBusinessLoansMember2023-09-300000946673us-gaap:EquipmentMemberbanr:SmallCreditScoredBusinessLoansMember2023-09-300000946673us-gaap:RealEstateLoanMemberbanr:AgriculturalBusinessMember2023-09-300000946673us-gaap:EquipmentMemberbanr:AgriculturalBusinessMember2023-09-300000946673banr:OneToFourFamilyResidentialMemberus-gaap:RealEstateLoanMember2023-09-300000946673banr:OneToFourFamilyResidentialMemberus-gaap:EquipmentMember2023-09-300000946673us-gaap:RealEstateLoanMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:EquipmentMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:RealEstateLoanMember2023-09-300000946673us-gaap:EquipmentMember2023-09-300000946673us-gaap:RealEstateLoanMemberbanr:SmallBalanceCommercialRealEstateLoansMember2022-12-310000946673us-gaap:EquipmentMemberbanr:SmallBalanceCommercialRealEstateLoansMember2022-12-310000946673us-gaap:RealEstateLoanMemberbanr:CommercialBusinessMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:EquipmentMember2022-12-310000946673us-gaap:RealEstateLoanMemberbanr:SmallCreditScoredBusinessLoansMember2022-12-310000946673us-gaap:EquipmentMemberbanr:SmallCreditScoredBusinessLoansMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberus-gaap:RealEstateLoanMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberus-gaap:EquipmentMember2022-12-310000946673us-gaap:RealEstateLoanMember2022-12-310000946673us-gaap:EquipmentMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2023-09-300000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyRealEstateMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyRealEstateMember2023-09-300000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:MultifamilyRealEstateMember2023-09-300000946673us-gaap:FinancialAssetPastDueMemberbanr:MultifamilyRealEstateMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMemberbanr:MultifamilyRealEstateMember2023-09-300000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:CommercialConstructionMember2023-09-300000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:CommercialConstructionMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673banr:CommercialConstructionMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyConstructionMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyConstructionMember2023-09-300000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:MultifamilyConstructionMember2023-09-300000946673us-gaap:FinancialAssetPastDueMemberbanr:MultifamilyConstructionMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMemberbanr:MultifamilyConstructionMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673banr:LandandLandDevelopmentTypeMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673us-gaap:FinancialAssetPastDueMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMemberbanr:LandandLandDevelopmentTypeMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:CommercialBusinessMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673banr:CommercialBusinessMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000946673us-gaap:FinancialAssetPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:AgriculturalBusinessMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:AgriculturalBusinessMember2023-09-300000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673us-gaap:FinancialAssetPastDueMemberbanr:AgriculturalBusinessMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMemberbanr:AgriculturalBusinessMember2023-09-300000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000946673us-gaap:FinancialAssetPastDueMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityMember2023-09-300000946673us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2023-09-300000946673us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000946673us-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000946673us-gaap:FinancialAssetPastDueMember2023-09-300000946673us-gaap:FinancialAssetNotPastDueMember2023-09-300000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2022-12-310000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMemberbanr:OwnerOccupiedCommercialRealEstateMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673banr:InvestmentPropertiesCommericalRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673banr:SmallBalanceCommercialRealEstateLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyRealEstateMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyRealEstateMember2022-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:MultifamilyRealEstateMember2022-12-310000946673us-gaap:FinancialAssetPastDueMemberbanr:MultifamilyRealEstateMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMemberbanr:MultifamilyRealEstateMember2022-12-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:CommercialConstructionMember2022-12-310000946673banr:CommercialConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:CommercialConstructionMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673banr:CommercialConstructionMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:MultifamilyConstructionMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:MultifamilyConstructionMember2022-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbanr:MultifamilyConstructionMember2022-12-310000946673us-gaap:FinancialAssetPastDueMemberbanr:MultifamilyConstructionMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMemberbanr:MultifamilyConstructionMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673banr:OneToFourFamilyConstructionMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673banr:LandandLandDevelopmentTypeMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673us-gaap:FinancialAssetPastDueMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMemberbanr:LandandLandDevelopmentTypeMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:CommercialBusinessMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673banr:CommercialBusinessMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000946673us-gaap:FinancialAssetPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMemberbanr:SmallCreditScoredBusinessLoansMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMemberbanr:AgriculturalBusinessMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMemberbanr:AgriculturalBusinessMember2022-12-310000946673banr:AgriculturalBusinessMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673us-gaap:FinancialAssetPastDueMemberbanr:AgriculturalBusinessMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMemberbanr:AgriculturalBusinessMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673banr:OneToFourFamilyResidentialMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000946673us-gaap:FinancialAssetPastDueMemberus-gaap:HomeEquityMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityMember2022-12-310000946673us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2022-12-310000946673us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000946673us-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000946673us-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000946673us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000946673us-gaap:FinancialAssetPastDueMember2022-12-310000946673us-gaap:FinancialAssetNotPastDueMember2022-12-310000946673us-gaap:CommercialRealEstateMember2023-06-300000946673banr:MultifamilyRealEstateMember2023-06-300000946673banr:ConstructionAndLandMember2023-06-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2023-06-300000946673banr:AgriculturalBusinessMember2023-06-300000946673banr:OneToFourFamilyResidentialMember2023-06-300000946673us-gaap:ConsumerLoanMember2023-06-300000946673us-gaap:CommercialRealEstateMember2023-07-012023-09-300000946673banr:MultifamilyRealEstateMember2023-07-012023-09-300000946673banr:ConstructionAndLandMember2023-07-012023-09-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2023-07-012023-09-300000946673banr:AgriculturalBusinessMember2023-07-012023-09-300000946673banr:OneToFourFamilyResidentialMember2023-07-012023-09-300000946673us-gaap:ConsumerLoanMember2023-07-012023-09-300000946673us-gaap:CommercialRealEstateMember2023-09-300000946673banr:ConstructionAndLandMember2023-09-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2023-09-300000946673us-gaap:CommercialRealEstateMember2022-12-310000946673banr:ConstructionAndLandMember2022-12-310000946673banr:CommercialBusinessAndSmallBusinessScoredMember2022-12-310000946673us-gaap:CommercialRealEstateMember2023-01-012023-09-300000946673banr:ConstructionAndLandMember2023-01-012023-09-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2023-01-012023-09-300000946673us-gaap:CommercialRealEstateMember2022-06-300000946673banr:MultifamilyRealEstateMember2022-06-300000946673banr:ConstructionAndLandMember2022-06-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2022-06-300000946673banr:AgriculturalBusinessMember2022-06-300000946673banr:OneToFourFamilyResidentialMember2022-06-300000946673us-gaap:ConsumerLoanMember2022-06-300000946673us-gaap:CommercialRealEstateMember2022-07-012022-09-300000946673banr:MultifamilyRealEstateMember2022-07-012022-09-300000946673banr:ConstructionAndLandMember2022-07-012022-09-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2022-07-012022-09-300000946673banr:AgriculturalBusinessMember2022-07-012022-09-300000946673banr:OneToFourFamilyResidentialMember2022-07-012022-09-300000946673us-gaap:ConsumerLoanMember2022-07-012022-09-300000946673us-gaap:CommercialRealEstateMember2022-09-300000946673banr:MultifamilyRealEstateMember2022-09-300000946673banr:ConstructionAndLandMember2022-09-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2022-09-300000946673banr:AgriculturalBusinessMember2022-09-300000946673banr:OneToFourFamilyResidentialMember2022-09-300000946673us-gaap:ConsumerLoanMember2022-09-300000946673us-gaap:CommercialRealEstateMember2021-12-310000946673banr:MultifamilyRealEstateMember2021-12-310000946673banr:ConstructionAndLandMember2021-12-310000946673banr:CommercialBusinessAndSmallBusinessScoredMember2021-12-310000946673banr:AgriculturalBusinessMember2021-12-310000946673banr:OneToFourFamilyResidentialMember2021-12-310000946673us-gaap:ConsumerLoanMember2021-12-310000946673us-gaap:CommercialRealEstateMember2022-01-012022-09-300000946673banr:MultifamilyRealEstateMember2022-01-012022-09-300000946673banr:ConstructionAndLandMember2022-01-012022-09-300000946673banr:CommercialBusinessAndSmallBusinessScoredMember2022-01-012022-09-300000946673banr:AgriculturalBusinessMember2022-01-012022-09-300000946673banr:OneToFourFamilyResidentialMember2022-01-012022-09-300000946673us-gaap:ConsumerLoanMember2022-01-012022-09-300000946673us-gaap:CoreDepositsMember2021-12-310000946673us-gaap:CoreDepositsMember2022-01-012022-09-300000946673us-gaap:CoreDepositsMember2022-12-310000946673us-gaap:CoreDepositsMember2023-01-012023-09-300000946673us-gaap:CoreDepositsMember2023-09-300000946673us-gaap:ServicingContractsMember2023-09-300000946673us-gaap:ServicingContractsMember2022-12-310000946673us-gaap:ServicingContractsMember2023-06-300000946673us-gaap:ServicingContractsMember2022-06-300000946673us-gaap:ServicingContractsMember2021-12-310000946673us-gaap:ServicingContractsMember2023-07-012023-09-300000946673us-gaap:ServicingContractsMember2022-07-012022-09-300000946673us-gaap:ServicingContractsMember2023-01-012023-09-300000946673us-gaap:ServicingContractsMember2022-01-012022-09-300000946673us-gaap:ServicingContractsMember2022-09-300000946673us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000946673us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000946673us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-12-310000946673us-gaap:InterestRateSwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateSwapMember2023-09-300000946673us-gaap:InterestRateSwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateSwapMember2022-12-310000946673banr:InterestRateForwardSalesCommitmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanr:InterestRateForwardSalesCommitmentsMember2023-09-300000946673banr:InterestRateForwardSalesCommitmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanr:InterestRateForwardSalesCommitmentsMember2022-12-310000946673us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:LoanParticipationsAndAssignmentsMember2023-09-300000946673us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000946673us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:LoanParticipationsAndAssignmentsMember2022-12-310000946673us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:LoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:LoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-09-300000946673banr:SBAServicingAssetMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673banr:SBAServicingAssetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingAssetMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673banr:SBAServicingAssetMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateContractMember2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2023-09-300000946673us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:LoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:LoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:LoansMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-12-310000946673banr:SBAServicingAssetMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673banr:SBAServicingAssetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingAssetMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673banr:SBAServicingAssetMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateContractMember2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2022-12-310000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2022-12-310000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbanr:TrustPreferredSecuritiesMemberus-gaap:IncomeApproachValuationTechniqueMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbanr:TrustPreferredSecuritiesMemberus-gaap:IncomeApproachValuationTechniqueMember2023-01-012023-06-300000946673us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:JuniorSubordinatedDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:JuniorSubordinatedDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2023-01-012023-06-300000946673us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbanr:RealEstateOwnedMemberbanr:DiscounttoappraisedvalueMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbanr:RealEstateOwnedMemberbanr:DiscounttoappraisedvalueMember2023-01-012023-06-300000946673us-gaap:FairValueInputsLevel3Memberbanr:ValuationPricingModelMembersrt:WeightedAverageMemberus-gaap:InterestRateLockCommitmentsMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:ValuationPricingModelMembersrt:WeightedAverageMemberus-gaap:InterestRateLockCommitmentsMember2023-01-012023-06-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMembersrt:WeightedAverageMemberus-gaap:IncomeApproachValuationTechniqueMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMembersrt:WeightedAverageMemberus-gaap:IncomeApproachValuationTechniqueMember2023-01-012023-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2023-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2023-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2023-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2023-06-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:JuniorSubordinatedDebtMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2023-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2022-12-310000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:JuniorSubordinatedDebtMember2023-01-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2022-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2022-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2022-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2022-06-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2022-07-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2022-07-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2022-07-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2022-07-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2022-07-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:JuniorSubordinatedDebtMember2022-07-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2022-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2021-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2021-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2021-12-310000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:TrustPreferredSecuritiesMember2022-01-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorSubordinatedDebtMember2022-01-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2022-01-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbanr:InvestmentInLimitedPartnershipsMember2022-01-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberbanr:SBAServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:JuniorSubordinatedDebtMember2022-01-012022-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-09-300000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-09-300000946673us-gaap:FairValueMeasurementsNonrecurringMember2023-09-300000946673us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000946673us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000946673us-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:RealEstateMember2023-07-012023-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:RealEstateMember2022-07-012022-09-300000946673us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:RealEstateMember2023-01-012023-09-300000946673banr:LoansHeldForSaleMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2023-07-012023-09-300000946673banr:LoansHeldForSaleMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2022-07-012022-09-300000946673banr:LoansHeldForSaleMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2023-01-012023-09-300000946673banr:LoansHeldForSaleMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2022-01-012022-09-300000946673us-gaap:FairValueMeasurementsNonrecurringMember2023-07-012023-09-300000946673us-gaap:FairValueMeasurementsNonrecurringMember2022-07-012022-09-300000946673us-gaap:FairValueMeasurementsNonrecurringMember2023-01-012023-09-300000946673us-gaap:FairValueMeasurementsNonrecurringMember2022-01-012022-09-300000946673banr:TwoThousandFourteenOmnibusIncentivePlanMember2014-04-220000946673us-gaap:RestrictedStockMemberbanr:TwoThousandFourteenOmnibusIncentivePlanMember2014-04-222023-09-300000946673us-gaap:RestrictedStockUnitsRSUMemberbanr:TwoThousandFourteenOmnibusIncentivePlanMember2014-04-222023-09-300000946673us-gaap:RestrictedStockMemberbanr:TwoThousandFourteenOmnibusIncentivePlanMember2023-09-300000946673us-gaap:RestrictedStockUnitsRSUMemberbanr:TwoThousandFourteenOmnibusIncentivePlanMember2023-09-300000946673banr:TwoThousandEighteenOmnibusIncentivePlan2018Member2018-04-240000946673us-gaap:RestrictedStockUnitsRSUMemberbanr:TwoThousandEighteenOmnibusIncentivePlan2018Member2018-04-242023-09-300000946673us-gaap:RestrictedStockUnitsRSUMemberbanr:TwoThousandEighteenOmnibusIncentivePlan2018Member2023-09-300000946673banr:TwoThousandTwentyThreeOmnibusIncentivePlan2023Member2023-05-240000946673banr:TwoThousandTwentyThreeOmnibusIncentivePlan2023Memberus-gaap:RestrictedStockMember2023-05-242023-09-300000946673us-gaap:RestrictedStockUnitsRSUMember2023-07-012023-09-300000946673us-gaap:RestrictedStockUnitsRSUMember2023-01-012023-09-300000946673us-gaap:RestrictedStockUnitsRSUMember2022-07-012022-09-300000946673us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-09-300000946673us-gaap:RestrictedStockUnitsRSUMember2023-09-300000946673us-gaap:CommitmentsToExtendCreditMember2023-09-300000946673us-gaap:CommitmentsToExtendCreditMember2022-12-310000946673us-gaap:FinancialStandbyLetterOfCreditMember2023-09-300000946673us-gaap:FinancialStandbyLetterOfCreditMember2022-12-310000946673us-gaap:LoanOriginationCommitmentsMember2023-09-300000946673us-gaap:LoanOriginationCommitmentsMember2022-12-310000946673banr:RiskParticipationAgreementMember2023-09-300000946673banr:RiskParticipationAgreementMember2022-12-310000946673banr:LoansHeldForSaleOriginationCommitmentsMember2023-09-300000946673banr:LoansHeldForSaleOriginationCommitmentsMember2022-12-310000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2023-09-300000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2022-12-310000946673banr:CommitmentsToSellMortgageBackedSecuritiesMember2023-09-300000946673banr:CommitmentsToSellMortgageBackedSecuritiesMember2022-12-310000946673us-gaap:LimitedPartnerMember2023-09-300000946673us-gaap:LimitedPartnerMember2022-12-310000946673srt:MinimumMember2023-01-012023-09-300000946673srt:MaximumMember2023-01-012023-09-300000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2022-01-012022-09-300000946673banr:CommitmentstoSellLoansSecuredbyonetofourResidentialPropertiesMember2023-07-012023-09-300000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-09-300000946673us-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-09-300000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2022-12-310000946673us-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2022-12-310000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:OtherLiabilitiesMember2023-09-300000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:OtherLiabilitiesMember2022-12-310000946673us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2023-09-300000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2023-09-300000946673us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2022-12-310000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2022-12-310000946673us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2023-09-300000946673us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2022-12-310000946673us-gaap:InterestRateSwapMember2023-09-300000946673us-gaap:InterestRateSwapMember2022-12-310000946673us-gaap:NondesignatedMemberus-gaap:LoanParticipationsAndAssignmentsMember2023-09-300000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMemberus-gaap:LoanParticipationsAndAssignmentsMember2023-09-300000946673us-gaap:NondesignatedMemberus-gaap:LoanParticipationsAndAssignmentsMember2022-12-310000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMemberus-gaap:LoanParticipationsAndAssignmentsMember2022-12-310000946673us-gaap:NondesignatedMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:OtherLiabilitiesMember2023-09-300000946673us-gaap:NondesignatedMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:OtherLiabilitiesMember2022-12-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2023-09-300000946673us-gaap:OtherAssetsMemberbanr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2023-09-300000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2022-12-310000946673us-gaap:OtherAssetsMemberbanr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2022-12-310000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2023-09-300000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2022-12-310000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2023-09-300000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2023-09-300000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2022-12-310000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2022-12-310000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:OtherLiabilitiesMember2023-09-300000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:OtherLiabilitiesMember2022-12-310000946673us-gaap:NondesignatedMember2023-09-300000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2023-09-300000946673us-gaap:NondesignatedMember2022-12-310000946673us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2022-12-310000946673us-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2023-09-300000946673us-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2022-12-310000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-07-012023-09-300000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-01-012023-09-300000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2022-07-012022-09-300000946673us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2022-01-012022-09-300000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2023-07-012023-09-300000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2022-07-012022-09-300000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2023-01-012023-09-300000946673banr:MortgageLoanCommitmentsMemberus-gaap:NondesignatedMember2022-01-012022-09-300000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2023-07-012023-09-300000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2022-07-012022-09-300000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2023-01-012023-09-300000946673us-gaap:NondesignatedMemberus-gaap:ForwardContractsMember2022-01-012022-09-300000946673us-gaap:NondesignatedMember2023-07-012023-09-300000946673us-gaap:NondesignatedMember2022-07-012022-09-300000946673us-gaap:NondesignatedMember2023-01-012023-09-300000946673us-gaap:NondesignatedMember2022-01-012022-09-30

(Mark One)

 Commission File Number 000-26584

(Exact name of registrant as specified in its charter)

(Address of principal executive offices and zip code)

Securities registered pursuant to Section 12(b) of the Act

Table of Contents

All references to “Banner” refer to Banner Corporation and those to the “Bank” refer to its wholly-owned subsidiary, Banner Bank. 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.

Certain matters in this Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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, including statements about our financial condition, liquidity and results of operations. 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.” These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from the results anticipated or implied by our forward-looking statements, including, but not limited to: potential adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth caused by increasing political instability from acts of war including Russia’s invasion of Ukraine, as well as increasing supply chain disruptions; changes in the interest rate environment, including the recent increases in the Board of Governors of the Federal Reserve System (the Federal Reserve) benchmark rate and duration at which such increased interest rate levels are maintained, which could adversely affect our revenues and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; the impact of continuing high inflation and the current and future monetary policies of the Federal Reserve in response thereto; the effects of any federal government shutdown; 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; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; the transition away from the London Interbank Offered Rate (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, including the costs associated with our “Banner Forward” initiative; 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, including but not limited to 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 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; the quality and composition of our securities portfolio and the impact of 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 effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, and other external events on our business; other economic, competitive, governmental, regulatory and technological factors affecting operations, pricing, products and services; future acquisitions by the Company of other depository institutions or lines of business; and future goodwill impairment due to changes in the Company’s business, changes in market conditions; and other risks detailed in our Form 10-K for the year ended December 31, 2022 (“2022 Form 10-K”) and in our reports filed with or furnished to 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. 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.