BANNER CORPORATION AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (USD $) In Thousands	Sep. 30, 2011		Dec. 31, 2010
ASSETS
Cash and due from banks	$ 288,327		$ 361,652
Securities-trading, cost	85,419	[1]	95,379
Securities-available-for-sale, cost	383,670	[2]	200,227
Securities-held-to-maturity, fair value	79,289	[3]	72,087
Federal Home Loan Bank (FHLB) stock	37,371		37,371
Loans receivable:
Held for sale, fair value	2,003		3,492
Held for portfolio	3,223,243		3,399,625
Allowance for loan losses	(86,128)		(97,401)
Total Loans	3,139,118		3,305,716
Accrued interest receivable	16,101		15,927
Real estate owned, held for sale, net	66,459		100,872
Property and equipment, net	92,454		96,502
Other intangibles, net	6,887		8,609
Income taxes receivable, net			12,981
Bank-owned life insurance	58,058		56,653
Other assets	38,611		42,106
Total Assets	4,291,764		4,406,082
Deposits:
Non-interest-bearing	763,008		600,457
Interest-bearing transaction and savings accounts	1,461,383		1,433,248
Interest-bearing certificates	1,313,043		1,557,493
Total Deposit Liabilities	3,537,434		3,591,198
Advances from FHLB at fair value	10,572		43,523
Other borrowings	139,704		175,813
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities)	48,770		48,425
Accrued expenses and other liabilities	19,593		21,048
Deferred compensation	14,200		14,603
Total Liabilities	3,770,273		3,894,610
COMMITMENTS AND CONTINGENCIES		[4]
STOCKHOLDERS' EQUITY
Preferred stock - $0.01 par value	120,276	[5]	119,000
Common stock and paid in capital - $0.01 par value per share	523,284	[6]	509,457
Unearned shares of common stock issued to Employee Stock Ownership Plan (ESOP) trust at cost	(1,987)	[7]	(1,987)
Retained earnings (accumulated deficit)	(122,384)		(115,348)
Accumulated other comprehensive income:
Unrealized gain (loss) on securities available for sale and/or transferred to held to maturity	2,302		350
Total Stockholders' Equity	521,491		511,472
Total Liabilities and Stockholders' Equity	$ 4,291,764		$ 4,406,082

[1] Amortized cost $116,748 and $128,070, respectively.

[2] Amortized cost $380,562 and $199,058, respectively.

[3] Fair value $83,372 and $73,916, respectively.

[4] See Note 15 to Notes to Financial Statements.

[5] $0.01 par value per share. 500,000 shares authorized; Series A - liquidation preference $1,000 per share, 124,000 shares issued and outstanding.

[6] $0.01 par value per share, 50,000,000 shares authorized, 17,031,249 shares issued: 16,996,909 shares and 16,130,441 shares outstanding at September 30, 2011 and December 31, 2010, respectively.

[7] 34,340 restricted shares outstanding at September 30, 2011 and December 31, 2010.