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BANNER CORPORATION AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME:      
Loans receivable $ 184,357 $ 205,784 $ 223,035
Mortgage-backed securities 3,455 4,045 6,057
Other securities 9,751 8,253 8,278
Total Interest Income 197,563 218,082 237,370
INTEREST EXPENSE:      
Deposit Interest Expense 26,164 52,320 83,211
FHLB advances 370 1,318 2,627
Other Borrowings 2,265 2,448 2,205
Junior subordinated debentures 4,193 4,226 4,754
Total Interest Expense 32,992 60,312 92,797
Net interest income before provision for loan losses 164,571 157,770 144,573
PROVISION FOR LOAN LOSSES 35,000 70,000 109,000
Net interest income (loss) 129,571 87,770 35,573
OTHER OPERATING INCOME:      
Deposit fees and other service charges 22,962 22,009 21,394
Mortgage banking operations 5,154 6,370 8,893
Loan servicing fees, net of amortization and impairment 1,078 951 93
Miscellaneous Income 2,420 2,302 2,292
Other-than-temporary impairment recovery (loss) 3,000 (4,231) (1,511)
Net change in valuation of financial instruments carried at fair value (624) 1,747 12,529
Total other operating income 33,990 29,148 43,690
OTHER OPERATING EXPENSES:      
Salary and employee benefits 72,499 67,490 68,674
Less capitalized loan origination costs (8,001) (7,199) (8,863)
Occupancy and equipment 21,561 22,232 23,396
Information/computer data services 6,023 6,132 6,264
Payment and card processing expenses 7,874 7,067 6,396
Professional services 6,017 6,401 6,084
Advertising and marketing 7,281 7,457 7,639
Deposit insurance 6,024 8,622 9,968
State/municipal business and use taxes 2,153 2,259 2,154
REO operations 22,262 26,025 7,147
Amortization of core deposit intangibles 2,276 2,459 2,645
Miscellaneous Expense 12,135 11,856 10,576
Total other operating expenses 158,104 160,801 142,080
Income (loss) before provision for (benefit from) income taxes 5,457 (43,883) (62,817)
PROVISION FOR (BENEFIT FROM) INCOME TAXES   18,013 (27,053)
NET INCOME (LOSS) 5,457 (61,896) (35,764)
PREFERRED STOCK DIVIDEND AND DISCOUNT ACCRETION      
Preferred stock dividend 6,200 6,200 6,200
Preferred stock discount accretion 1,701 1,593 1,492
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (2,444) $ (69,689) $ (43,456)
Earnings (loss) per common share:      
Earnings (loss) per common share basic $ (0.15) $ (7.21) $ (16.31)
Earnings (loss) per common share diluted $ (0.15) $ (7.21) $ (16.31)
Cumulative dividends declared per common share: $ 0.10 $ 0.28 $ 0.28