Preheat oven to 325ºF.
Mix together mashed banana, peanut butter and honey until smooth.
Add in flour, wheat germ and oatmeal. Add water as mixture is combining to help incorporate all ingredients.
Add peanuts and bacon making sure they are evenly distributed.
Roll out dough on a floured surface to 1/4″ (for crunchier treats roll to 1/8″ and cook for 10-20 minutes).
Cut using your favorite cookie cutter. Re-form scraps, roll and cut until there are no remaining scraps.
Place biscuits on a parchment paper lined cookie sheet and bake for 20-25 minutes.