Banner Financial is a regional bank holding company headquartered in Walla Walla, Washington. Banner operates through its sole subsidiary, Banner Bank, which runs 135 branches across Washington, Oregon, California, Idaho, Utah, and Nevada, with total assets of roughly $16.4B. Banner describes itself as a "super community bank," targeting small to mid-sized businesses, agribusinesses, public sector entities, and individual consumers with a model that emphasizes relationship banking and local market knowledge. The core business is lending: Banner's loan portfolio is anchored by commercial real estate (~$4.1B), followed by construction and land development (~15% of loans), residential mortgages (~13%), and smaller books in C&I, agricultural, multifamily, and consumer lending. Banner originates most residential mortgages for sale in the secondary market and retains servicing on a $3.1B portfolio. On the funding side, core deposits represent roughly 89% of total deposits, providing a low-cost funding base that Banner views as a structural advantage. Banner earns primarily through net interest income — the spread between loan and securities yields and deposit costs. NIM ran at roughly 4.03% in Q4 FY25, supported by a low average deposit cost and an ongoing shift from lower-yielding securities into loans. About 30% of the loan portfolio is floating-rate, making NIM sensitive to Fed rate movements. Secondary income comes from mortgage banking gains, SBA loan sale gains, and deposit service charges. Banner's growth strategy centers on mid-single-digit annual loan growth, selective hiring of relationship managers in California, ongoing technology investment in a new origination platform, and opportunistic M&A within its footprint.