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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure
The Company is managed by legal entity, rather than by lines of business, and its activities are considered a single operating segment for financial reporting purposes. The Bank is engaged in the single line of business of community banking, which involves gathering deposits and originating loans in its primary market areas. The Bank manages its operations, allocates resources, and monitors and reports its financials as a single operating segment.

Banner’s Chief Executive Officer is considered the Chief Operating Decision Maker (CODM). The CODM assesses performance based on net income that is reported on our Consolidated Statements of Operations. The CODM uses consolidated net income as the primary measure to evaluate resource allocations. In addition to our consolidated financial statements, specifically the statement of operations and the statement of cash flows, the operating and financial condition data below is used to monitor budget versus actual results and assess performance:

 OPERATING DATA:
For the Year Ended December 31
(In thousands)202420232022
Interest income$766,103 $701,572 $572,569 
Interest expense224,387 125,567 19,390 
Net interest income541,716 576,005 553,179 
Provision for credit losses7,581 10,789 10,364 
Non-interest income66,888 44,409 75,255 
Non-interest expense391,538 382,538 377,295 
Net income $168,898 $183,624 $195,378 
FINANCIAL CONDITION DATA:December 31
(In thousands)202420232022
Cash and securities (1)
$3,607,933 $3,687,302 $4,178,375 
Loans receivable, net11,199,135 10,660,812 10,005,259 
Total assets16,200,037 15,670,391 15,833,431 
Core deposits12,014,726 11,552,030 12,896,529 
Total deposits13,514,398 13,029,497 13,620,059 

KEY FINANCIAL RATIOS:For the Years Ended December 31
 202420232022
Performance Ratios:
Return on average assets (2)
1.07 %1.18 %1.18 %
Net interest margin (tax equivalent) (3)
3.75 4.01 3.68 
Non-interest expense to average assets2.48 2.46 2.29 
Efficiency ratio (4)
64.33 61.66 60.04 

(1)Includes available-for-sale and held-to-maturity securities.
(2)Net income divided by average assets.
(3)Net interest income as a percent of average interest-earning assets on a tax equivalent basis.
(4)Non-interest expenses divided by the total of net interest income and non-interest income.