Item 2. Properties
Item 2 – Properties
Banner Corporation maintains its administrative offices and main branch office, which is owned by us, in Walla Walla, Washington. In total, as of December 31, 2020, we have 155 branch offices located in Washington, Oregon, California, and Idaho. The 155 branches include 152 Banner Bank branches and three Islanders Bank branches. Geographically we have 76 branches located in Washington, 37 in Oregon, 31 in California and 11 in Idaho. Of these branch locations, approximately half are owned and the other half are leased facilities. In addition to the branch locations, we also have 18 loan production offices, ten of which are located in Washington, three in California, two in both Oregon and Idaho, and one in Utah. All loan production offices are leased facilities. The lease terms for our branch and loan production offices are not individually material. Lease expirations range from one to 19 years. Administrative support offices are primarily in Washington, where we have ten facilities, of which we own three and lease seven. Additionally, we have two leased administrative support offices in Idaho and four administrative support offices located in Oregon, two owned and two leased. In the opinion of management, all properties are adequately covered by insurance, are in a good state of repair and are appropriately designed for their present and future use.
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