Banner Bank
Walla Walla, Washington, Walla Walla County
$16.6B in total assets, the 123rd largest of 4,309 US banks and 2nd of 29 headquartered in Washington.
- FDIC certificate
- 28489
- Established
- 1890
- Owned by
- Banner Corp
- Primary regulator
- FDIC
- Website
- www.bannerbank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $16.6B | 32% | $22.5B | |
| Loans | $12.0B | 37% | $14.5B | |
| Deposits | $13.9B | 33% | $18.4B | |
| Return on assets | 1.31% | 52% | 1.29% | |
| Net interest margin | 4.11% | 80% | 3.61% | |
| Efficiency ratio | 60.0% | 71% | 55.1% | |
| Equity to assets | 11.92% | 59% | 11.57% | |
| Loans to deposits | 87% | 47% | 87% |
Growth
Total assets grew 0.5% a year over the last 5 years and 5.6% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 2021 | Islanders Bank Friday Harbor, WA, an affiliate under the same holding company | $347M |
| Nov 2019 | AltaPacific Bank Santa Rosa, CA | $420M |
| Nov 2018 | Skagit Bank Burlington, WA | $919M |
| Oct 2015 | AmericanWest Bank Spokane, WA | $4.5B |
| Mar 2015 | Siuslaw Bank Florence, OR | $362M |
| Oct 2007 | NCW Community Bank Wenatchee, WA | $99M |
| May 2007 | F&M Bank Spokane Valley, WA | $422M |
| Jan 2002 | Oregon Business Bank Lake Oswego, OR | $39M |
| Sep 2001 | Banner Bank of Oregon Hermiston, OR, an affiliate under the same holding company | $230M |
| Oct 2000 | Towne Bank Woodinville, WA, an affiliate under the same holding company | $361M |
| Apr 1999 | Seaport Citizens' Bank Lewiston, ID | $45M |
| Jan 1999 | Whatcom State Bank Bellingham, WA | $99M |
| Apr 1982 | Home Federal Savings and Loan Association Yakima, WA | n/a |
Where they operate
137 branches in 49 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| King County, WA | $1.6B | 1.5% | 10 of 38 |
| Spokane County, WA | $945M | 9.0% | 5 of 16 |
| Yakima County, WA | $924M | 23.2% | 1 of 13 |
| San Diego County, CA | $883M | 0.7% | 16 of 42 |
| Skagit County, WA | $813M | 25.4% | 1 of 12 |
| Umatilla County, OR | $612M | 49.1% | 1 of 6 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 52 branches since 2016 (189 to 137, −27.5%). 7 opened, 15 acquired, 74 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 189 | |||
| 2016 | Opened 3 in 2 statesClosed 5 in 2 states | 3 | 5 | −2 | 187 |
| 2017 | Opened Rancho CucamongaClosed 8 in 3 states | 1 | 8 | −7 | 180 |
| 2018 | Acquired Skagit BankSold 5 branches to Altabank, closed 7 in 3 states | 8 | 12 | −4 | 176 |
| 2019 | Acquired AltaPacific BankOpened Pullman and Sacramento, closed 9 in 3 states | 6 | 9 | −3 | 173 |
| 2020 | Closed 21 in 4 states | 0 | 21 | −21 | 152 |
| 2021 | Acquired Islanders BankOpened Yakima, closed 6 in 2 states | 4 | 6 | −2 | 150 |
| 2022 | Closed 11 in 4 states | 0 | 11 | −11 | 139 |
| 2023 | Closed Beaverton and Puyallup | 0 | 2 | −2 | 137 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 40% | 25% | |
| 1-4 family residential | 21% | 21% | |
| Construction and land | 14% | 6% | |
| Business (C&I) | 9% | 17% | |
| Multifamily | 9% | 8% | |
| Agricultural | 2% | 0% | |
| Farmland | 1% | 1% | |
| Consumer | 1% | 10% | |
| Other | 4% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 57% | 62% | |
| Noninterest-bearing | 33% | 20% | |
| Time deposits | 11% | 18% |
Brokered deposits are 0.0% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.44% | 0.63% |
| Net charge-offs, annualized | 0.02% | 0.14% |
| Reserves to loans | 1.35% | 1.14% |
| Leverage ratio | 11.15% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Washington
Largest competitors in King County, WA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banner