Banner Corp. reports Q4 net interest margin 3.82% vs. 3.83% last year

The allowance for credit losses – loans was $155.5 million, or 1.37% of total loans receivable, as of December 31, 2024, compared to $154.6 million, or 1.38% of total loans receivable, as of September 30, 2024 and $149.6 million, or 1.38% of total loans receivable, as of December 31, 2023. A $3.0 million provision for credit losses was recorded in the current quarter (comprised of a $3.2 million provision for credit losses – loans, a $203,000 recapture of provision for credit losses – unfunded loan commitments and a $16,000 recapture of provision for credit losses – held-to-maturity debt securities). This compares to a $1.7 million provision for credit losses in the prior quarter (comprised of a $2.0 million provision for credit losses – loans, a $262,000 recapture of provision for credit losses – unfunded loan commitments and a $13,000 recapture of provision for credit losses – held-to-maturity debt securities) and a $2.5 million provision for credit losses in the fourth quarter a year ago.