Banner Bank
Banner Bank is an FDIC-insured commercial bank headquartered in Walla Walla, WA, supervised by the FDIC, with $18.08B in total assets at Q3 2026, up 9.2% from Q3 2025, the 2nd largest of 28 banks headquartered in Washington. It was established in 1890 and holds FDIC certificate 28489. Its CET1 capital ratio was 12.58% at Q3 2026, above regulatory requirements.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28489
- Headquarters
- Walla Walla, WA
- Established
- 1890
- Total assets, Q3 2026
- $18.08B
- Assets vs Q3 2025
- +9.2%
- CET1 ratio, Q3 2026
- 12.58%
- Domestic offices
- 147 branches
- Routing number
- 323371076
- Safety and soundness
- Is Banner Bank safe?
- Latest call report
- Q3 2026, FFIEC 041 · Banner Bank call report
- Holding company
- BANNER CORPORATION
- Asset rank in state
- 2nd of 28 in Washington
Banner Bank carries far more capital than most banks of its size. It reported $18.1 billion in assets at September 30, 2026, up 9.2% from a year earlier. It funds 11.60% of its assets with Tier 1 capital, higher than about three-quarters of the 124 banks with $10 billion to $100 billion in assets (median 10.21%). It also pays an average of 1.40% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.98%).
Unrealized losses on its securities total $563 million, equal to 29% of Tier 1 capital, against 24% a year earlier. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.45% of loans from 0.34% a year earlier. Costs are the weak spot: it spends about 61 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 53 cents).
As of September 30, 2026, Banner Bank reported a CET1 capital ratio of 12.58%, a return on assets of 1.18%, a nonperforming-loan ratio of 0.45% and a Texas ratio of 3.38%. The figures come from its call report filed with the FFIEC.
Of the 28 banks headquartered in Washington, Banner Bank is the 2nd largest by total assets at Q3 2026. Quarter on quarter (Q2 2026 to Q3 2026), its total assets rose 9.0% to $18.08B, loans rose 8.4% and deposits rose 11.5%. The largest part of its loan book on September 30, 2026 was owner-occupied commercial real estate loans, at 21.4% of total loans, ahead of 1-4 family residential loans at 20.5%. Its 137 offices in the FDIC Summary of Deposits are in 113 cities across 4 states; its Yakima 4 offices book 4% of its branch deposits. Judged on its Q3 2026 call report, Banner Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 10 S 1st Ave, Walla Walla, WA 99362
- County
- Walla Walla
- Metro Area
- Walla Walla, WA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- 1890
- Former names
- First Savings Bank of Washington (1991-2000); First Federal Savings Bank of Washington (1988-1991)
- Domestic offices
- 147 branches
- Employees (FTE)
- 2,006
- Domestic deposits
- $15.48B
- Allowance for credit losses
- $171.6M
- Net charge-offs (YTD)
- $2.0M
- Average total assets
- $17.29B
- Average total loans
- $12.39B
- Average interest-bearing deposits
- $9.80B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28489
- Fed RSSD
- 352772
- SEC CIK
- 946673 → filed by BANNER CORPORATION
- Website
- www.bannerbank.com →
- Parent Holding Company
- BANNER CORPORATION (RSSD 2126977) · BANR
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Mark J Grescovich | CEO | President and CEO |
Profitability
Q3 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. How we compute these figures
Quarterly trends
Banner Bank's total assets moved between a low of $15.52B (Q1 2024) and a high of $18.08B (Q3 2026) from Q4 2023 to Q3 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$18.08B total assets against $16.56B; $15.95B total liabilities against $14.63B.
$12.86B net loans and leases against $11.56B; $15.48B total deposits against $14.08B.
$3.10B securities against $2.99B; $558.1M cash and balances due against $672.9M.
$214.6M total interest income against $205.8M; $51.7M total interest expense against $54.8M.
$162.9M net interest income against $151.0M.
$16.0M total noninterest income against $20.1M; $111.2M total noninterest expense against $100.4M.
$2.8M provision for credit losses against $2.7M.
$51.1M net income against $54.0M.
1.18% return on assets against 1.30%; 4.15% net interest margin against 4.00%.
12.58% CET1 capital ratio against 12.91%; 11.60% tier 1 leverage ratio against 10.91%.
Inside the full Banner Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital. The 200% line is a BankRegReports watch band, not a supervisory threshold; the 2006 interagency guidance level is 300%. BankRegReports early-warning band below the 300% guidance.
Banner Bank rankings
Its closest position to the top of a national ranking is 112 of 4,193, for total assets; its furthest is 1,476 of 2,021, for CET1 ratio.
Banks merged into Banner Bank
- Bank of the Pacific, effective September 1, 2026
Quarterly trend: last 8 quarters
From Q4 2024 to Q3 2026, its return on assets ran from 1.16% (Q1 2025) to 1.37% (Q1 2026) and its net interest margin ran from 3.84% (Q4 2024) to 4.15% (Q3 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 12.58% | 1.18% | 0.45% | 3.38% | 4.15% |
| Q2 2026 | 12.71% | 1.23% | 0.46% | 3.31% | 4.10% |
| Q1 2026 | 12.91% | 1.37% | 0.39% | 2.85% | 4.04% |
| Q4 2025 | 12.89% | 1.30% | 0.39% | 2.87% | 4.05% |
| Q3 2025 | 12.91% | 1.30% | 0.34% | 2.62% | 4.00% |
| Q2 2025 | 12.71% | 1.17% | 0.37% | 2.98% | 3.90% |
| Q1 2025 | 12.91% | 1.16% | 0.34% | 2.54% | 3.86% |
| Q4 2024 | 12.82% | 1.20% | 0.32% | 2.45% | 3.84% |
Swipe the table sideways to see every column.
Branch Network
View all 137 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Yakima Main Branch | Yakima , WA | 98902 | $402.2M |
| Hermiston Branch | Hermiston , OR | 97838 | $356.6M |
| Sacramento 1 Parkcenter Branch | Sacramento , CA | 95825 | $301.1M |
| Bellevue Branch | Bellevue , WA | 98005 | $294.4M |
| Burlington Branch | Burlington , WA | 98233 | $290.5M |
| Carlsbad Office | Carlsbad , CA | 92008 | $281.2M |
| Walla Walla Main Branch | Walla Walla , WA | 99362 | $261.8M |
| Mcandrews Branch | Medford , OR | 97504 | $259.6M |
| Banner Bank (main office) | Walla Walla , WA | 99362 | $226.2M |
| Spokane Valley - Sprague & Mullan Branch | Spokane Valley , WA | 99212 | $224.4M |
| Selah Branch | Selah , WA | 98942 | $211.7M |
| Spokane - 3rd & Stevens Branch | Spokane , WA | 99201 | $186.4M |
| Wenatchee Branch | Wenatchee , WA | 98801 | $184.6M |
| Temecula Branch | Temecula , CA | 92590 | $173.2M |
| Los Angeles Branch | Los Angeles , CA | 90036 | $162.9M |
| Pendleton Branch | Pendleton , OR | 97801 | $161.5M |
| Kennewick Clearwater Financial Center | Kennewick , WA | 99336 | $156.9M |
| Woodinville Branch | Woodinville , WA | 98072 | $156.2M |
| Rancho Cucamonga Branch | Rancho Cucamonga , CA | 91739 | $153.2M |
| Anacortes Branch | Anacortes , WA | 98221 | $149.9M |
| Coos Bay Branch | Coos Bay , OR | 97420 | $149.1M |
| Lake Grove Branch | Lake Oswego , OR | 97035 | $148.0M |
| Portland Main Branch | Portland , OR | 97204 | $145.5M |
| Boise - 10th & Bannock Branch | Boise , ID | 83702 | $143.3M |
| Ferry Street Branch | Sedro Woolley , WA | 98284 | $140.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 1, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2026 | Structure Change | Acquired Bank of the Pacific Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 6, 2021 | Structure Change | Acquired Islanders Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 5, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2019 | Structure Change | Acquired AltaPacific Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2018 | Structure Change | Acquired Skagit Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 2, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 2, 2015 | Structure Change | Acquired AmericanWest Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 7, 2015 | Structure Change | Acquired Siuslaw Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 6, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 10, 2007 | Structure Change | Acquired NCW Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 10, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 1, 2007 | Structure Change | Acquired F&M Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 1, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2002 | Structure Change | Acquired Oregon Business Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 28, 2001 | Structure Change | Acquired Pioneer American Property Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 28, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2001 | Structure Change | Acquired Banner Bank of Oregon Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 30, 2000 | Structure Change | Acquired Towne Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 30, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1999 | Structure Change | Acquired Seaport Citizens' Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 4, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 1999 | Structure Change | Acquired Whatcom State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 30, 1982 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1982 | Structure Change | Acquired Home Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 29 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 5 against individuals associated with it
- Period: Most recent action August 17, 2015. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 3.5% of deposits in WA, rank 8 of 61 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 6,339 applications, 3,391 loans originated, $1.28B originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 269 loans, $69.5M approved, $258K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 28 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Banner Bank
What are Banner Bank's total assets?
As of the Q3 2026 filing, Banner Bank reported total assets of $18.08 billion in its FFIEC call report.
Where is Banner Bank headquartered?
It is headquartered in Walla Walla, WA, United States.
When was Banner Bank founded?
It was established in 1890, per the FDIC institution directory.
Is Banner Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #28489). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Banner Bank?
Banner Bank's primary federal regulator is the FDIC.
What is Banner Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.58% in its Q3 2026 call report, above regulatory requirements.
How many branches does Banner Bank operate?
It operates 147 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Banner Bank's Texas Ratio?
Its Texas Ratio is 3.38% in its Q3 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
What was Banner Bank previously called?
The charter now named Banner Bank has also operated as First Savings Bank of Washington (1991-2000), First Federal Savings Bank of Washington (1988-1991), per FDIC structure-change records.
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