Preheat waffle iron.
For waffles, combine all wet ingredients in a small bowl. Combine all dry ingredients in medium bowl. Pour wet ingredients into bowl with dry ingredients and mix together.
Pour waffle batter onto center of hot waffle iron and bake about 5 minutes.
For Caramelized Bananas, melt butter in medium skillet over medium heat.
Add brown sugar and bananas.
Carefully stir until the brown sugar melts and the sauce thickens, about 3-5 minutes. Remove from the heat.
Remove waffles carefully and top with peanut butter and caramelized bananas. Serve immediately.