XML 42 R33.htm IDEA: XBRL DOCUMENT
v3.22.2.2

DERIVATIVES AND HEDGING (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |  |
Schedule of Derivatives Designated in Hedge Relationships |  | As of September 30, 2022 and December 31, 2021, the notional values or contractual amounts and fair values of the Company’s derivatives designated in hedge relationships were as follows (in thousands):
| Asset Derivatives |  | Liability Derivatives
| September 30, 2022 |  | December 31, 2021 |  | September 30, 2022 |  | December 31, 2021
| Notional/ Contract Amount |  | Fair Value (1) |  | Notional/ Contract Amount |  | Fair Value (1) |  | Notional/ Contract Amount |  | Fair Value (2) |  | Notional/ Contract Amount |  | Fair Value (2)
Interest Rate Swaps used in Cash Flow Hedges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 400,000 |  |  | $ | 19,547 |  |  | $ | 400,000 |  |  | $ | 279 |
(1) Included in Loans receivable on the Consolidated Statements of Financial Condition. (2) Included in Accrued expenses and other liabilities on the Consolidated Statements of Financial Condition.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table presents the effect of cash flow hedge accounting on AOCI for the three and nine months ended September 30, 2022 (in thousands):
| For the Three Months Ended September 30, 2022
| Amount of Gain or (Loss) Recognized in AOCI on Derivative |  | Amount of Gain or (Loss) Recognized in AOCI Included Component |  | Amount of Gain or (Loss) Recognized in AOCI Excluded Component |  | Location of Gain or (Loss) Recognized from AOCI into Income |  | Amount of Gain or (Loss) Reclassified from AOCI into Income |  | Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component |  | Amount of Gain or (Loss) Reclassified from AOCI into Income Excluded Component
Interest rate swaps | $ | (9,153) |  |  | $ | (9,153) |  |  | $ | — |  |  | Interest Income |  | $ | (1,283) |  |  | $ | (1,283) |  |  | $ | — |
| For the Nine Months Ended September 30, 2022
| Amount of Gain or (Loss) Recognized in AOCI on Derivative |  | Amount of Gain or (Loss) Recognized in AOCI Included Component |  | Amount of Gain or (Loss) Recognized in AOCI Excluded Component |  | Location of Gain or (Loss) Recognized from AOCI into Income |  | Amount of Gain or (Loss) Reclassified from AOCI into Income |  | Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component |  | Amount of Gain or (Loss) Reclassified from AOCI into Income Excluded Component
Interest rate swaps | $ | (26,795) |  |  | $ | (26,795) |  |  | $ | — |  |  | Interest Income |  | $ | (371) |  |  | $ | (371) |  |  | $ | — |
Schedule of Derivatives Not Designated in Hedge Relationships |  | As of September 30, 2022 and December 31, 2021, the notional values or contractual amounts and fair values of the Company’s derivatives not designated in hedge relationships were as follows (in thousands):
| Asset Derivatives |  | Liability Derivatives
| September 30, 2022 |  | December 31, 2021 |  | September 30, 2022 |  | December 31, 2021
| Notional/ Contract Amount |  | Fair Value (1) |  | Notional/ Contract Amount |  | Fair Value (1) |  | Notional/ Contract Amount |  | Fair Value (2) |  | Notional/ Contract Amount |  | Fair Value (2)
Interest rate swaps | $ | 448,912 |  |  | $ | 38,747 |  |  | $ | 551,606 |  |  | $ | 20,826 |  |  | $ | 448,912 |  |  | $ | 38,801 |  |  | $ | 551,606 |  |  | $ | 11,336 |
Risk participation agreements | 1,342 |  |  | — |  |  | — |  |  | — |  |  | 51,419 |  |  | 68 |  |  | — |  |  | — |
Mortgage loan commitments | 13,805 |  |  | 83 |  |  | 87,986 |  |  | 1,467 |  |  | 13,393 |  |  | 115 |  |  | 26,329 |  |  | 66 |
Forward sales contracts | 25,250 |  |  | 940 |  |  | 56,086 |  |  | 88 |  |  | 15,253 |  |  | 132 |  |  | 98,500 |  |  | 74 |
| $ | 489,309 |  |  | $ | 39,770 |  |  | $ | 695,678 |  |  | $ | 22,381 |  |  | $ | 528,977 |  |  | $ | 39,116 |  |  | $ | 676,435 |  |  | $ | 11,476 |
(1)Included in Other assets on the Consolidated Statements of Financial Condition. (2)Included in Accrued expenses and other liabilities on the Consolidated Statements of Financial Condition. Gains (losses) recognized in income on non-designated hedging instruments for the three and nine months ended September 30, 2022 and 2021 were as follows (in thousands):
| Location on Consolidated Statements of Operations |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Mortgage loan commitments | Mortgage banking operations |  | $ | (472) |  |  | $ | (1,179) |  |  | $ | (1,582) |  |  | $ | (3,826) |
Forward sales contracts | Mortgage banking operations |  | 682 |  |  | 865 |  |  | 681 |  |  | 2,004 |
|  |  | $ | 210 |  |  | $ | (314) |  |  | $ | (901) |  |  | $ | (1,822) |
Offsetting Assets and Liabilities |  | as of September 30, 2022 and December 31, 2021 (in thousands):
| September 30, 2022
|  |  |  |  |  |  | Gross Amounts of Financial Instruments Not Offset in the Consolidated Statements of Financial Condition |  |
| Gross Amounts Recognized |  | Amounts offset in the Statement of Financial Condition |  | Net Amounts in the Statement of Financial Condition |  | Netting Adjustment Per Applicable Master Netting Agreements |  | Fair Value of Financial Collateral in the Statement of Financial Condition |  | Net Amount
Derivative assets |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 38,747 |  |  | $ | — |  |  | $ | 38,747 |  |  | $ | — |  |  | $ | — |  |  | $ | 38,747 |
| $ | 38,747 |  |  | $ | — |  |  | $ | 38,747 |  |  | $ | — |  |  | $ | — |  |  | $ | 38,747 |
Derivative liabilities |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 58,348 |  |  | $ | — |  |  | $ | 58,348 |  |  | $ | — |  |  | $ | (17,036) |  |  | $ | 41,312 |
| $ | 58,348 |  |  | $ | — |  |  | $ | 58,348 |  |  | $ | — |  |  | $ | (17,036) |  |  | $ | 41,312 |
| December 31, 2021
|  |  |  |  |  |  | Gross Amounts of Financial Instruments Not Offset in the Consolidated Statements of Financial Condition |  |
| Gross Amounts Recognized |  | Amounts offset in the Statement of Financial Condition |  | Net Amounts in the Statement of Financial Condition |  | Netting Adjustment Per Applicable Master Netting Agreements |  | Fair Value of Financial Collateral in the Statement of Financial Condition |  | Net Amount
Derivative assets |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 20,826 |  |  | $ | — |  |  | $ | 20,826 |  |  | $ | — |  |  | $ | — |  |  | $ | 20,826 |
| $ | 20,826 |  |  | $ | — |  |  | $ | 20,826 |  |  | $ | — |  |  | $ | — |  |  | $ | 20,826 |
Derivative liabilities |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 11,615 |  |  | $ | — |  |  | $ | 11,615 |  |  | $ | — |  |  | $ | (9,669) |  |  | $ | 1,946 |
| $ | 11,615 |  |  | $ | — |  |  | $ | 11,615 |  |  | $ | — |  |  | $ | (9,669) |  |  | $ | 1,946 |

X
- Definition Offsetting Assets and Liabilities [Table Text Block] + References No definition available. + Details
Name: | banr_OffsettingAssetsandLiabilitiesTableTextBlock
Namespace Prefix: | banr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration