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EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

In 1995, the Company established an ESOP and related trust for eligible employees of Banner Bank as of January 1, 1995 and eligible employees of the Banks or Company employed after such date. The ESOP borrowed $8.7 million from the Company in order to purchase the common stock.  The loan was repaid principally from the Company’s contributions to the ESOP. Shares were released to participants for allocation based on the cumulative debt service paid to the Company by the ESOP divided by cumulative debt service paid to date plus the scheduled debt service remaining.  No ESOP contributions were made for the years ended December 31, 2014, 2013 or 2012 and no payments were made on the loan in those years. On December 17, 2013, the Company's Board of Directors elected to terminate the ESOP effective January 1, 2014. The allocated shares held by the ESOP were distributed to the participants of the plan during 2014. The unallocated shares held by the ESOP were forfeited and redeemed and the outstanding balance of the loan was canceled. Termination of the ESOP had no impact on the net equity position of the Company or its current and future operating results.