What does 'banner status' mean in the banner manager?

In the merchant panel at Banners > Banners manager you can come across the 'Banner status' column. This column is visible only if you activated it in the "Edit view" section above the grid listing banners.

This banner status does not affect the impressions or clicks. But what does each status mean? 

Active -  visible to everyone => affiliates + merchant(s).
Paused (visible) - visible only to the merchant(s)
Stopped (invisible) - not visible to anyone. The merchant(s) can see these kind of banners if in the 'advanced search' section the "show hidden banners" option is turned on.