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CASH AND SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2014
Schedule of Investments [Line Items]  
Schedule of Cash and Cash Equivalents
Cash, due from bank and cash equivalents consisted of the following at the dates indicated (in thousands):
 
December 31
 
2014

 
2013

Cash on hand and due from banks
$
125,689

 
$
136,810

Cash equivalents:
 
 
 
Short-term cash investments
383

 
539

 
$
126,072

 
$
137,349


Federal regulations require depository institutions to maintain certain minimum reserve balances.  Included in cash and demand deposits were required reserves of $33.0 million and $30.0 million at December 31, 2014 and 2013, respectively.
Schedule of Investments
The following table sets forth a summary of Banner’s interest-bearing deposits and securities at the dates indicated (includes securities—trading, available-for-sale and held-to-maturity, all at carrying value) (in thousands):
 
December 31
 
2014

 
2013

Interest-bearing deposits included in cash and due from banks
$
54,995

 
$
67,638

U.S. Government and agency obligations
33,421

 
61,327

Municipal bonds:
 
 
 
Taxable
29,566

 
34,216

Tax exempt
141,853

 
119,588

Total municipal bonds
171,419

 
153,804

Corporate bonds
25,936

 
44,154

Mortgage-backed or related securities:
 
 
 
One- to four-family residential agency guaranteed
58,825

 
58,117

One- to four-family residential other
713

 
1,051

Multifamily agency guaranteed
256,272

 
281,319

Multifamily other
10,497

 
10,234

Total mortgage-backed securities
326,307

 
350,721

Asset-backed securities:
 
 
 
Student Loan Marketing Association (SLMA)
15,629

 
15,681

Other asset-backed securities
9,766

 
9,510

Total asset-backed securities
25,395

 
25,191

Equity securities (excludes FHLB stock)
59

 
68

Total securities
582,537

 
635,265

FHLB stock
27,036

 
35,390

 
$
664,568

 
$
738,293
Schedule of Trading Securities
The amortized cost and estimated fair value of securities—trading at December 31, 2014 and 2013 are summarized as follows (dollars in thousands):
 
December 31, 2014
 
December 31, 2013
 
Amortized
Cost
 
Fair Value
 
Percent of
Total
 
Amortized
Cost
 
Fair Value
 
Percent of
Total
U.S. Government and agency obligations
$
1,340

 
$
1,505

 
3.7
%
 
$
1,370

 
$
1,481

 
2.4
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
 
 
Tax exempt
1,405

 
1,440

 
3.6

 
4,969

 
5,023

 
8.0

Corporate bonds
27,995

 
19,118

 
47.5

 
49,498

 
35,140

 
56.2

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
8,077

 
8,726

 
21.7

 
10,483

 
11,230

 
18.0

Multifamily agency guaranteed
8,649

 
9,410

 
23.4

 
8,816

 
9,530

 
15.3

Total mortgage-backed or related securities
16,726

 
18,136

 
45.1

 
19,299

 
20,760

 
33.3

Equity securities
14

 
59

 
0.1

 
14

 
68

 
0.1

 
$
47,480

 
$
40,258

 
100.0
%
 
$
75,150

 
$
62,472

 
100.0
%
Schedule of Available-for-sale Securities
The amortized cost, gross unrealized losses and gains and estimated fair value of securities— available-for-sale at December 31, 2014 and 2013 are summarized as follows (dollars in thousands):
 
December 31, 2014
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total
U.S. Government and agency obligations
$
29,973

 
$
8

 
$
(211
)
 
$
29,770

 
7.2
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
16,565

 
65

 
(52
)
 
16,578

 
4.0

Tax exempt
33,394

 
125

 
(69
)
 
33,450

 
8.2

Total municipal bonds
49,959

 
190

 
(121
)
 
50,028

 
12.2

Corporate bonds
5,000

 
18

 
—

 
5,018

 
1.2

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
48,001

 
758

 
(240
)
 
48,519

 
11.8

One- to four-family residential other
675

 
38

 
—

 
713

 
0.2

Multifamily agency guaranteed
241,800

 
627

 
(1,346
)
 
241,081

 
58.7

Multifamily other
10,503

 
6

 
(12
)
 
10,497

 
2.5

Total mortgage-backed or related securities
300,979

 
1,429

 
(1,598
)
 
300,810

 
73.2

Asset-backed securities:
 
 
 

 
 

 
 

 
 
SLMA
15,462

 
167

 
—

 
15,629

 
3.8

Other asset-backed securities
10,051

 
—

 
(285
)
 
9,766

 
2.4

Total asset-backed securities
25,513

 
167

 
(285
)
 
25,395

 
6.2

 
$
411,424

 
$
1,812

 
$
(2,215
)
 
$
411,021

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total
U.S. Government and agency obligations
$
59,178

 
$
117

 
$
(635
)
 
$
58,660

 
12.5
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
23,842

 
100

 
(278
)
 
23,664

 
5.0

Tax exempt
29,229

 
170

 
(208
)
 
29,191

 
6.2

Total municipal bonds
53,071

 
270

 
(486
)
 
52,855

 
11.2

Corporate bonds
7,001

 
2

 
(39
)
 
6,964

 
1.5

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
47,077

 
648

 
(838
)
 
46,887

 
10.0

One- to four-family residential other
988

 
63

 
—

 
1,051

 
0.2

Multifamily agency guaranteed
271,428

 
402

 
(3,392
)
 
268,438

 
57.1

Multifamily other
10,604

 
—

 
(370
)
 
10,234

 
2.2

Total mortgage-backed or related securities
330,097

 
1,113

 
(4,600
)
 
326,610

 
69.5

Asset-backed securities:
 
 
 
 
 
 
 
 
 
SLMA
15,553

 
128

 
—

 
15,681

 
3.3

Other asset-backed securities
10,060

 
—

 
(550
)
 
9,510

 
2.0

Total asset-backed securities
25,613

 
128

 
(550
)
 
25,191

 
5.3

 
$
474,960

 
$
1,630

 
$
(6,310
)
 
$
470,280

 
100.0
%
Schedule of Available-for-sale Securities with Continuous Loss Position
At December 31, 2014 and 2013, an aging of unrealized losses and fair value of related securities—available-for-sale was as follows (in thousands):
 
December 31, 2014
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. Government and agency obligations
$
15,983

 
$
(58
)
 
$
9,847

 
$
(153
)
 
$
25,830

 
$
(211
)
Municipal bonds:
 

 
 

 
 

 
 

 
 

 
 

Taxable
7,247

 
(23
)
 
3,461

 
(29
)
 
10,708

 
(52
)
Tax exempt
9,075

 
(38
)
 
3,668

 
(31
)
 
12,743

 
(69
)
Total municipal bonds
16,322

 
(61
)
 
7,129

 
(60
)
 
23,451

 
(121
)
Mortgage-backed or related securities:
 

 
 

 
 

 
 

 
 

 
 

One- to four-family residential agency guaranteed
6,287

 
(57
)
 
11,744

 
(183
)
 
18,031

 
(240
)
Multifamily agency guaranteed
76,309

 
(167
)
 
95,522

 
(1,179
)
 
171,831

 
(1,346
)
Multifamily other
8,450

 
(12
)
 
—

 
—

 
8,450

 
(12
)
Total mortgage-backed or related securities
91,046

 
(236
)
 
107,266

 
(1,362
)
 
198,312

 
(1,598
)
Asset-backed securities:
 

 
 

 
 

 
 

 
 

 
 
Other asset-backed securities
—

 
—

 
9,765

 
(285
)
 
9,765

 
(285
)
 
$
123,351

 
$
(355
)
 
$
134,007

 
$
(1,860
)
 
$
257,358

 
$
(2,215
)
 
 
December 31, 2013
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. Government and agency obligations
$
39,621

 
$
(633
)
 
$
998

 
$
(2
)
 
$
40,619

 
$
(635
)
Municipal bonds:
 

 
 

 
 

 
 

 
 
 
 

Taxable
15,580

 
(261
)
 
413

 
(17
)
 
15,993

 
(278
)
Tax exempt
8,217

 
(205
)
 
487

 
(3
)
 
8,704

 
(208
)
Total municipal bonds
23,797

 
(466
)
 
900

 
(20
)
 
24,697

 
(486
)
Corporate bonds
4,961

 
(39
)
 
—

 
—

 
4,961

 
(39
)
Mortgage-backed or related securities:
 

 
 

 
 

 
 

 
 

 
 

One- to four-family residential agency guaranteed
14,972

 
(133
)
 
22,560

 
(705
)
 
37,532

 
(838
)
Multifamily agency guaranteed
199,407

 
(3,162
)
 
10,096

 
(230
)
 
209,503

 
(3,392
)
Multifamily other
10,234

 
(370
)
 
—

 
—

 
10,234

 
(370
)
Total mortgage-backed or related securities
224,613

 
(3,665
)
 
32,656

 
(935
)
 
257,269

 
(4,600
)
Asset-backed securities:
 
 
 
 
 
 
 
 
 
 
 
Other asset-backed securities
—

 
—

 
9,510

 
(550
)
 
9,510

 
(550
)
 
$
292,992

 
$
(4,803
)
 
$
44,064

 
$
(1,507
)
 
$
337,056

 
$
(6,310
)
Schedule of Held-to-maturity Securities
The amortized cost, gross gains and losses and estimated fair value of securities—held-to-maturity at December 31, 2014 and 2013 are summarized as follows (dollars in thousands):
 
December 31, 2014
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total Amortized Cost
U.S. Government and agency obligations
$
2,146

 
$
—

 
$
(19
)
 
$
2,127

 
1.6
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
12,988

 
371

 
(1
)
 
13,358

 
9.9

Tax exempt
106,963

 
5,948

 
(47
)
 
112,864

 
81.5

Total municipal bonds
119,951

 
6,319

 
(48
)
 
126,222

 
91.4

Corporate bonds
1,800

 
—

 
—

 
1,800

 
1.4

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
1,580

 
1

 
(7
)
 
1,574

 
1.2

Multifamily agency guaranteed
5,781

 
104

 
—

 
5,885

 
4.4

Total mortgage-backed or related securities
7,361

 
105

 
(7
)
 
7,459

 
5.6

 
$
131,258

 
$
6,424

 
$
(74
)
 
$
137,608

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total Amortized Cost
U.S. Government and agency obligations
$
1,186

 
$
—

 
$
(80
)
 
$
1,106

 
1.1
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
10,552

 
193

 
(204
)
 
10,541

 
10.3

Tax exempt
85,374

 
2,545

 
(1,299
)
 
86,620

 
83.3

Total municipal bonds
95,926

 
2,738

 
(1,503
)
 
97,161

 
93.6

Corporate bonds
2,050

 
—

 
—

 
2,050

 
2.0

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
Multifamily agency guaranteed
3,351

 
—

 
(58
)
 
3,293

 
3.3

 
$
102,513

 
$
2,738

 
$
(1,641
)
 
$
103,610

 
100.0
%
Schedule of Held-to-maturity Securities with Continuous Loss Position
At December 31, 2014 and 2013, an age analysis of unrealized losses and fair value of related securities—held-to-maturity was as follows (in thousands):
 
December 31, 2014
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. Government and agency obligations
$
—

 
$
—

 
$
1,127

 
$
(19
)
 
$
1,127

 
$
(19
)
Municipal bonds:
 
 
 
 
 
 
 
 
 
 
 
Taxable
724

 
(1
)
 
—

 
—

 
724

 
(1
)
Tax exempt
9,097

 
(43
)
 
592

 
(4
)
 
9,689

 
(47
)
Total municipal bonds
9,821

 
(44
)
 
592

 
(4
)
 
10,413

 
(48
)
Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
1,018

 
(7
)
 
—

 
—

 
1,018

 
(7
)
 
$
10,839

 
$
(51
)
 
$
1,719

 
$
(23
)
 
$
12,558

 
$
(74
)
 
 
December 31, 2013
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. Government and agency obligations
$
1,106

 
$
(80
)
 
$
—

 
$
—

 
$
1,106

 
$
(80
)
Municipal bonds:
 
 
 
 
 
 
 
 
 
 
 
Taxable
3,344

 
(110
)
 
2,964

 
(94
)
 
6,308

 
(204
)
Tax exempt
31,234

 
(1,282
)
 
303

 
(17
)
 
31,537

 
(1,299
)
Total municipal bonds
34,578

 
(1,392
)
 
3,267

 
(111
)
 
37,845

 
(1,503
)
Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
 
 
Multifamily agency guaranteed
3,293

 
(58
)
 
—

 
—

 
3,293

 
(58
)
 
$
38,977

 
$
(1,530
)
 
$
3,267

 
$
(111
)
 
$
42,244

 
$
(1,641
)
Schedule of Pledged Financial Instruments, Not Separately Reported
The following table presents, as of December 31, 2014, investment securities which were pledged to secure borrowings, public deposits or other obligations as permitted or required by law (in thousands):
 
Carrying Value
 
Amortized Cost
 
Fair Value
Purpose or beneficiary:
 
 
 
 
 
State and local governments public deposits
$
116,273

 
$
116,242

 
$
122,130

Interest rate swap counterparties
11,051

 
10,648

 
11,051

Retail repurchase transaction accounts
98,735

 
98,435

 
98,735

Other
248

 
248

 
248

Total pledged securities
$
226,307

 
$
225,573

 
$
232,164
Schedule of Income from Securities
The following table sets forth the composition of interest income from securities and cash equivalents for the periods indicated (in thousands):
 
Years Ended December 31
 
2014
 
2013
 
2012
Mortgage-backed securities interest
$
5,779

 
$
5,168

 
$
4,176

Other taxable interest income
3,101

 
3,601

 
5,087

Tax-exempt interest income
4,206

 
3,721

 
3,577

FHLB stock—dividend income
34

 
18

 
—

Total interest income from securities and cash equivalents
$
13,120

 
$
12,508

 
$
12,840
Trading Securities [Member]  
Schedule of Investments [Line Items]  
Schedule of Securities by Contractual Maturity Date
The amortized cost and estimated fair value of securities—trading at December 31, 2014 and 2013, by contractual maturity, are shown below (in thousands).  Expected maturities will differ from contractual maturities because some securities may be called or prepaid with or without call or prepayment penalties.
 
December 31, 2014
 
December 31, 2013
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
Maturing in one year or less
$
1,071

 
$
1,094

 
$
260

 
$
263

Maturing after one year through five years
6,595

 
7,097

 
7,056

 
7,298

Maturing after five years through ten years
7,035

 
7,727

 
12,602

 
13,572

Maturing after ten years through twenty years
11,196

 
10,083

 
33,335

 
27,472

Maturing after twenty years
21,569

 
14,198

 
21,883

 
13,799

 
47,466

 
40,199

 
75,136

 
62,404

Equity securities
14

 
59

 
14

 
68

 
$
47,480

 
$
40,258

 
$
75,150

 
$
62,472
Available-for-sale Securities [Member]  
Schedule of Investments [Line Items]  
Schedule of Securities by Contractual Maturity Date
The amortized cost and estimated fair value of securities—available-for-sale at December 31, 2014 and 2013, by contractual maturity, are shown below (in thousands).  Expected maturities will differ from contractual maturities because some securities may be called or prepaid with or without call or prepayment penalties.
 
December 31, 2014
 
December 31, 2013
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
Maturing in one year or less
$
9,334

 
$
9,364

 
$
25,136

 
$
25,256

Maturing after one year through five years
278,629

 
277,439

 
322,493

 
319,489

Maturing after five years through ten years
45,425

 
45,610

 
58,468

 
57,782

Maturing after ten years through twenty years
13,846

 
13,879

 
15,535

 
15,135

Maturing after twenty years
64,190

 
64,729

 
53,328

 
52,618

 
$
411,424

 
$
411,021

 
$
474,960

 
$
470,280
Held-to-maturity Securities [Member]  
Schedule of Investments [Line Items]  
Schedule of Securities by Contractual Maturity Date
The amortized cost and estimated fair value of securities—held-to-maturity at December 31, 2014 and 2013, by contractual maturity, are shown below (in thousands).  Expected maturities will differ from contractual maturities because some securities may be called or prepaid with or without call or prepayment penalties.
 
December 31, 2014
 
December 31, 2013
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
Maturing in one year or less
$
767

 
$
771

 
$
1,270

 
$
1,281

Maturing after one year through five years
14,962

 
15,184

 
10,834

 
11,206

Maturing after five years through ten years
24,233

 
24,678

 
17,948

 
17,908

Maturing after ten years through twenty years
76,029

 
81,361

 
59,643

 
60,791

Maturing after twenty years
15,267

 
15,614

 
12,818

 
12,424

 
$
131,258

 
$
137,608

 
$
102,513

 
$
103,610