XML 39 R30.htm IDEA: XBRL DOCUMENT
v3.23.1

DERIVATIVES AND HEDGING (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivatives Designated in Hedge Relationships |
| Asset Derivatives |  | Liability Derivatives
| March 31, 2023 |  | December 31, 2022 |  | March 31, 2023 |  | December 31, 2022
| Notional/ Contract Amount |  | Fair Value |  | Notional/ Contract Amount |  | Fair Value |  | Notional/ Contract Amount |  | Fair Value |  | Notional/ Contract Amount |  | Fair Value
Hedged interest rate swaps | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 400,000 |  |  | $ | 21,747 |  |  | $ | 400,000 |  |  | $ | 26,485 |
Interest rate swaps not designated in hedge relationships | 429,876 |  |  | 28,821 |  |  | 440,731 |  |  | 37,119 |  |  | 429,876 |  |  | 28,858 |  |  | 440,731 |  |  | 37,150 |
Less: Master netting agreements |  |  | (13,479) |  |  |  |  | (17,780) |  |  |  |  | (13,479) |  |  |  |  | (17,780) |
Less: Cash settlements |  |  | — |  |  |  |  | — |  |  |  |  | (8,268) |  |  |  |  | (8,705) |
Net interest rate swaps |  |  | 15,342 |  |  |  |  | 19,339 |  |  |  |  | 28,858 |  |  |  |  | 37,150 |
Risk participation agreements | 1,225 |  |  | — |  |  | 1,283 |  |  | — |  |  | 46,948 |  |  | 85 |  |  | 47,283 |  |  | 67 |
Mortgage loan commitments | 31,296 |  |  | 485 |  |  | 15,920 |  |  | 81 |  |  | — |  |  | — |  |  | 12,367 |  |  | 42 |
Forward sales contracts | 1,460 |  |  | 49 |  |  | 16,568 |  |  | 61 |  |  | 30,623 |  |  | 136 |  |  | 3,000 |  |  | 76 |
Total | $ | 463,857 |  |  | $ | 15,876 |  |  | $ | 474,502 |  |  | $ | 19,481 |  |  | $ | 507,447 |  |  | $ | 29,079 |  |  | $ | 503,381 |  |  | $ | 37,335 |
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 months ended March 31, 2023 and 2022 (in thousands):
| For the Three Months Ended March 31, 2023
| 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 | $ | 1,125 |  |  | $ | 1,125 |  |  | $ | — |  |  | Interest Income |  | $ | (3,613) |  |  | $ | (3,613) |  |  | $ | — |
| For the Three Months Ended March 31, 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 | $ | (14,025) |  |  | $ | (14,025) |  |  | $ | — |  |  | Interest Income |  | $ | 751 |  |  | $ | 751 |  |  | $ | — |
Schedule of Fair Value, Measured on Nonrecurring Basis, Gains (Losses) From Fair Value Adjustments [Table Text Block] | Gains (losses) recognized in income within Mortgage banking operations on non-designated hedging instruments for the three months ended March 31, 2023 and 2022, were as follows (in thousands):
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Mortgage loan commitments | $ | 440 |  |  | $ | (1,532) |  |  |  |  |
Forward sales contracts | (142) |  |  | 2,212 |  |  |  |  |
| $ | 298 |  |  | $ | 680 |  |  |  |  |
Offsetting Assets and Liabilities | as of March 31, 2023 and December 31, 2022 (in thousands):
| March 31, 2023
|  |  |  |  |  |  | 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 | $ | 28,821 |  |  | $ | (13,479) |  |  | $ | 15,342 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,342 |
| $ | 28,821 |  |  | $ | (13,479) |  |  | $ | 15,342 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,342 |
Derivative liabilities |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 50,605 |  |  | $ | (21,747) |  |  | $ | 28,858 |  |  | $ | — |  |  | $ | (13,435) |  |  | $ | 15,423 |
| $ | 50,605 |  |  | $ | (21,747) |  |  | $ | 28,858 |  |  | $ | — |  |  | $ | (13,435) |  |  | $ | 15,423 |
| December 31, 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 | $ | 37,119 |  |  | $ | (17,780) |  |  | $ | 19,339 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,339 |
| $ | 37,119 |  |  | $ | (17,780) |  |  | $ | 19,339 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,339 |
Derivative liabilities |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 63,634 |  |  | $ | (26,484) |  |  | $ | 37,150 |  |  | $ | — |  |  | $ | (14,972) |  |  | $ | 22,178 |
| $ | 63,634 |  |  | $ | (26,484) |  |  | $ | 37,150 |  |  | $ | — |  |  | $ | (14,972) |  |  | $ | 22,178 |

X
- Definition Offsetting Assets and Liabilities [Table Text Block] + References No definition available. + Details
Name: | banr_OffsettingAssetsandLiabilitiesTableTextBlock
Namespace Prefix: | banr_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Fair Value, Measured on Nonrecurring Basis, Gains (Losses) From Fair Value Adjustments + References No definition available. + Details
Name: | banr_ScheduleOfFairValueMeasuredOnNonrecurringBasisGainsLossesFromFairValueAdjustmentsTableTextBlock
Namespace Prefix: | banr_
Data Type: | dtr-types1: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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + 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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration