Banner Corporation announced earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net interest income of $36.59 million, income before provision for income taxes of $5.07 million, net income available to common shareholders of $3.09 million or diluted earnings per share of $0.18 compared to net interest income of $20.76 million, loss before provision for income taxes of $12.69 million, net loss available to common shareholders of $14.64 million or diluted loss per share of $0.91 for the same period last year. The company reported return on average assets of 0.47%, return on average equity of 3.79% and return on average tangible equity of 3.84% compared to negative return on average assets of 1.12%, negative return on average equity of 9.62% and negative return on average tangible equity of 9.78% for the same period last year. For the full year, the company reported net interest income of $129.57 million, income before provision for income taxes of $5.46 million, net loss available to common shareholders of $2.44 million or diluted loss per share of $0.15 compared to net interest income of $87.7 million, loss before provision for income taxes of $43.9 million, net loss available to common shareholders of $69.69 million or diluted loss per share of $0.71 for the same period last year. The company reported return on average assets of 0.13%, return on average equity of 1.05% and return on average tangible equity of 1.07% compared to negative return on average assets of 1.36%, negative return on average equity of 12.94% and negative return on average tangible equity of 13.21% for the same period last year. Tangible book value per common share was $23.14 at December 31, 2011. The company reported net charge offs for the quarter ended December 31, 2011 was $8.22 million compared to $19.03 million for the same period last year.