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BANNER CORPORATION (PARENT COMPANY ONLY) (Tables)
 12 Months Ended
Dec. 31, 2013
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
 
2013

 
2012

ASSETS
 
 
 
Cash
$
45,998

 
$
36,884

Investment in trust equities
3,716

 
3,716

Investment in subsidiaries
575,023

 
556,125

Other assets
7,280

 
2,601

 
$
632,017

 
$
599,326

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Miscellaneous liabilities
$
6,157

 
$
6,401

Deferred tax liability
12,960

 
12,943

Junior subordinated debentures at fair value
73,928

 
73,063

Stockholders’ equity
538,972

 
506,919

 
$
632,017

 
$
599,326
Schedule of Condensed Statement of Operations
Statements of Operations
Years Ended December 31
 
2013

 
2012

 
2011

INTEREST INCOME:
 
 
 
 
 
Interest-bearing deposits
$
82

 
$
218

 
$
277

OTHER INCOME (EXPENSE):
 
 
 
 
 
Dividend income from subsidiaries
24,725

 
61,329

 
990

Equity in undistributed income of subsidiaries
23,994

 
23,507

 
9,478

Other income
3,016

 
55

 
46

Net change in valuation of financial instruments carried at fair value
(865
)
 
(23,075
)
 
(1,563
)
Interest on other borrowings
(2,968
)
 
(3,395
)
 
(4,193
)
Other expenses
(2,794
)
 
(2,375
)
 
(2,313
)
Net income before taxes
45,190

 
56,264

 
2,722

BENEFIT FROM INCOME TAXES
(1,365
)
 
(8,618
)
 
(2,735
)
NET INCOME
46,555

 
64,882

 
5,457

PREFERRED STOCK DIVIDEND AND DISCOUNT ACCRETION
 
 
 
 
 
Preferred stock dividend
—

 
4,938

 
6,200

Preferred stock discount accretion
—

 
3,298

 
1,701

Gain on repurchase of preferred stock
—

 
(2,471
)
 
—

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
$
46,555

 
$
59,117

 
$
(2,444
)
Schedule of Condensed Statement of Cash Flows

Statements of Cash Flows
Years Ended December 31
 
2013

 
2012

 
2011

OPERATING ACTIVITIES:
 
 
 
 
 
Net income
$
46,555

 
$
64,882

 
$
5,457

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Equity in undistributed earnings of subsidiaries
(23,994
)
 
(23,507
)
 
(9,478
)
Increase (decrease) in deferred taxes
17

 
(13,030
)
 
(562
)
Net change in valuation of financial instruments carried at fair value
865

 
23,075

 
1,563

(Increase) decrease in other assets
(4,655
)
 
(496
)
 
1,933

Increase (decrease) in other liabilities
(1,921
)
 
4,940

 
(957
)
Net cash provided from (used by) operating activities
16,867

 
55,864

 
(2,044
)
INVESTING ACTIVITIES:
 
 
 
 
 
Funds transferred to deferred compensation trust
(27
)
 
(332
)
 
(162
)
Net cash used by investing activities
(27
)
 
(332
)
 
(162
)
FINANCING ACTIVITIES:
 
 
 
 
 
Issuance of stock for stockholder reinvestment program
72

 
36,317

 
21,556

Redemption of senior preferred stock
—

 
(121,528
)
 
—

Cash dividends paid
(7,798
)
 
(6,470
)
 
(8,827
)
Net cash provided from (used by) financing activities
(7,726
)
 
(91,681
)
 
12,729

NET INCREASE (DECREASE) IN CASH
9,114

 
(36,149
)
 
10,523

CASH, BEGINNING OF PERIOD
36,884

 
73,033

 
62,510

CASH, END OF PERIOD
$
45,998

 
$
36,884

 
$
73,033