BANNER CORPORATION (PARENT COMPANY ONLY) (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Financial Condition

Summary financial information is as follows (in thousands):

Statements of Financial Condition	December 31
	2014		2013
ASSETS
Cash	$	52,124	$	45,998
Investment in trust equities	3,716		3,716
Investment in subsidiaries	611,468		575,023
Other assets	8,279		7,280
	$	675,587	$	632,017
LIABILITIES AND STOCKHOLDERS’ EQUITY
Miscellaneous liabilities	$	2,446	$	6,157
Deferred tax liability	11,516		12,960
Junior subordinated debentures at fair value	78,001		73,928
Stockholders’ equity	583,624		538,972
	$	675,587	$	632,017

Schedule of Condensed Statement of Operations

Statements of Operations	Years Ended December 31
	2014			2013			2012
INTEREST INCOME:
Interest-bearing deposits	$	96		$	82		$	218
OTHER INCOME (EXPENSE):
Dividend income from subsidiaries	26,027			24,725			61,329
Equity in undistributed income of subsidiaries	33,707			23,994			23,507
Other income	67			3,016			55
Net change in valuation of financial instruments carried at fair value	(4,073		)	(865		)	(23,075		)
Interest on other borrowings	(2,914		)	(2,968		)	(3,395		)
Other expenses	(2,519		)	(2,794		)	(2,375		)
Net income before taxes	50,391			45,190			56,264
BENEFIT FROM INCOME TAXES	(3,774		)	(1,365		)	(8,618		)
NET INCOME	54,165			46,555			64,882
PREFERRED STOCK DIVIDEND AND DISCOUNT ACCRETION
Preferred stock dividend	—			—			4,938
Preferred stock discount accretion	—			—			3,298
Gain on repurchase of preferred stock	—			—			(2,471		)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$	54,165		$	46,555		$	59,117

Schedule of Condensed Statement of Cash Flows

Statements of Cash Flows	Years Ended December 31
	2014			2013			2012
OPERATING ACTIVITIES:
Net income	$	54,165		$	46,555		$	64,882
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(33,707		)	(23,994		)	(23,507		)
Increase (decrease) in deferred taxes	(1,444		)	17			(13,030		)
Net change in valuation of financial instruments carried at fair value	4,073			865			23,075
(Increase) decrease in other assets	(3,822		)	(4,655		)	(496		)
Increase (decrease) in other liabilities	222			(1,921		)	4,940
Net cash provided from operating activities	19,487			16,867			55,864
INVESTING ACTIVITIES:
Funds transferred to deferred compensation trust	(26		)	(27		)	(332		)
Net cash used by investing activities	(26		)	(27		)	(332		)
FINANCING ACTIVITIES:
Issuance of stock for stockholder reinvestment program	127			72			36,317
Redemption of senior preferred stock	—			—			(121,528		)
Cash dividends paid	(13,462		)	(7,798		)	(6,470		)
Net cash used by financing activities	(13,335		)	(7,726		)	(91,681		)
NET INCREASE (DECREASE) IN CASH	6,126			9,114			(36,149		)
CASH, BEGINNING OF PERIOD	45,998			36,884			73,033
CASH, END OF PERIOD	$	52,124		$	45,998		$	36,884