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BANNER CORPORATION AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES:      
Net income (loss) $ 5,457 $ (61,896) $ (35,764)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 8,593 9,208 9,777
Deferred income and expense, net of amortization 1,645 103 2,411
Amortization of core deposit intangibles 2,276 2,459 2,645
Other-than-temporary impairment losses (recovery) (3,000) 4,231 1,511
Net change in valuation of financial instruments carried at fair value 624 (1,747) (12,529)
Purchases of securities-trading   (3,266) (69,760)
Proceeds from sales of securities-trading     6,458
Principal repayments and maturities of securities-trading 15,409 55,427 122,056
Deferred taxes   14,988 (9,070)
Equity-based compensation 136 83 162
Increase in cash surrender value of bank-owned life insurance (1,910) (2,057) (1,916)
Gain on sale of loans, net of capitalized servicing rights (3,226) (4,634) (3,884)
Loss (gain) on disposal of real estate held for sale and property and equipment, net 1,465 1,917 766
Provision for losses on loans and real estate held for sale 50,064 85,096 110,643
Origination of loans held for sale (278,733) (349,975) (559,792)
Proceeds from sales of loans held for sale 282,444 350,980 562,708
Net Increase/(Decrease) in Other assets 17,965 15,622 (36,008)
Net (Increase)/Decrease in Other liabilities 2,104 (2,020) (15,305)
Net cash provided from operating activities 101,313 114,519 75,109
INVESTING ACTIVITIES:      
Purchases of securities available for sale (622,192) (238,499) (77,390)
Principal repayments and maturities of securities available for sale 328,037 131,900 27,922
Proceeds from sales of securities available for sale 28,179 1,965  
Purchases of securities held to maturity (12,480) (8,727) (17,975)
Principal repayments and maturities of securities held to maturity 12,074 8,416 2,856
Originations of loans, net of principal repayments and charge-offs 9,125 235,847 (21,645)
Purchases of loans and participating interest in loans (5,092) (341) (1,376)
Purchases of property and equipment, net (3,587) (2,167) (8,865)
Proceeds from sale of real estate held for sale, net 94,957 47,809 37,081
Other investing activities (234) (149) (440)
Net cash provided from (used by) investing activities (171,213) 176,054 (59,832)
FINANCING ACTIVITIES:      
Increase (decrease) in deposits, net (115,544) (274,352) 86,700
Proceeds from FHLB advances     238,700
Repayment of FHLB advances (32,806) (145,506) (159,205)
Increase (decrease) in other borrowings, net (23,695) (1,039) 31,605
Cash dividends paid (8,827) (8,867) (7,498)
Cash proceeds from issuance of stock for stockholder reinvestment program 21,556 16,201 14,723
Cash proceeds from issuance of stock in secondary offering, net of costs   161,637  
Other Financing activities     (47)
Net cash used by financing activities (159,316) (251,926) 204,978
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (229,216) 38,647 220,255
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 361,652 323,005 102,750
CASH AND DUE FROM BANKS, END OF PERIOD 132,436 361,652 323,005
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest paid in cash 35,114 64,112 100,464
Taxes paid (received) in cash (13,048) (592) (8,173)
NON-CASH INVESTING AND FINANCING TRANSACTIONS:      
Loans, net of discounts, specific loss allowances and unearned income transferred to real estate owned and other repossessed assets 53,518 87,967 102,213
Real estate owned transferred to property and equipment     7,030
Net change in accrued dividends payable 955 (915) 527
Change in other assets/liabilities 344 112 924
Accrual of liability for split-dollar life insurance $ 38 $ 58 $ 50