Preheat the oven to 350 degrees F.
With an electric mixer, beat the peanut butter and applesauce until combined. Beat in the brown sugar. Add egg and vanilla, beating until mixed. Stir in the bananas, baking soda and salt.
Add the flour and wheat germ, mixing until combined. Stir in the oatmeal and raisins.
Drop ¼-cup dollops of batter four inches apart onto an ungreased cookie sheet. Press down slightly with the palm of your hand to flatten into three-inch rounds.
Bake for 15 minutes or until the edges are browned. Let stand 1 minute on the tray, then remove to a wire rack.