EX-99.2 3 a4999760ex99-2.txt EXHIBIT 99.2 - STATISTICAL DATA PRESS RELEASE Exhibit 99.2 Golden West Financial Releases Thirteen Month Statistical Data OAKLAND, Calif.--(BUSINESS WIRE)--Oct. 20, 2005--Golden West Financial Corporation (NYSE:GDW), parent of World Savings Bank, today released statistical data for the thirteen months ended September 30, 2005. Headquartered in Oakland, California, Golden West is one of the nation's largest financial institutions with assets over $120 billion as of September 30, 2005. The Company has one of the most extensive thrift branch systems in the country, with 282 savings branches in 10 states and lending operations in 38 states. Golden West's stock is listed on the New York Stock and Pacific Exchanges under the ticker symbol GDW. Golden West investor information is available at www.gdw.com. GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES MONTHLY FINANCIAL HIGHLIGHTS September 2004 - September 2005 (Dollars in millions) 2005 ---------------------------------------- SEP AUG JUL JUN --------- --------- --------- --------- Total Assets $121,281 $119,621 $118,560 $117,486 Cash and Investments $1,904 $1,376 $1,861 $1,984 Loans and MBS $116,513 $115,461 $113,925 $112,746 Adjustable Rate Mortgages and MBS $113,375 $112,149 $110,864 $109,542 Loans Originated - Month $4,605 $4,822 $4,342 $4,825 Percentage ARMs - Month 99 % 99 % 99 % 99 % Percentage Refinances - Month 77 % 77 % 75 % 74 % Loans Originated - YTD $38,397 $33,792 $28,970 $24,628 Percentage ARMs - YTD 99 % 99 % 99 % 99 % Percentage Refinances - YTD 76 % 76 % 76 % 76 % Total Deposits $58,429 $58,582 $59,412 $59,226 Total Deposit Net Activity - Month $(153) $(830) $186 $1,525 Total Deposit Net Activity - YTD $5,464 $5,617 $6,447 $6,261 Federal Home Loan Bank Borrowings $38,897 $36,666 $36,259 $35,756 Other Borrowings: Reverse Repurchases 5,150 4,950 4,700 4,450 Federal Funds Purchased 0 0 0 0 Bank Notes 2,489 2,950 1,925 2,233 Senior Debt 6,705 6,727 6,710 6,737 --------- --------- --------- --------- Total Borrowings $53,241 $51,293 $49,594 $49,176 ========= ========= ========= ========= Yield on Loan Portfolio 5.72 % 5.61 % 5.51 % 5.40 % Yield on Interest-Earning Investments 3.93 3.61 3.34 3.41 --------- --------- --------- --------- Combined Yield on Interest- Earning Assets 5.70 % 5.60 % 5.49 % 5.38 % Cost of Deposits 2.97 % 2.89 % 2.78 % 2.70 % Cost of Federal Home Loan Bank Borrowings 3.79 3.61 3.42 3.29 Cost of Other Borrowings 3.93 3.68 3.58 3.47 --------- --------- --------- --------- Combined Cost of Funds 3.38 % 3.24 % 3.09 % 2.99 % --------- --------- --------- --------- Net Interest Rate Spread (Primary Spread) 2.32 % 2.36 % 2.40 % 2.39 % ========= ========= ========= ========= Loans Sold $84 $92 $50 $38 Loan and MBS Repayments and Payoffs - Month $3,229 $3,397 $2,932 $3,065 As a % of Prior Month Loan Balances (Annualized) 33.79 % 36.02 % 31.42 % 33.33 % Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .28 % .28 % .28 % .28 % 2005 ----------------------------- MAY APR MAR --------- --------- --------- Total Assets $115,532 $114,202 $112,588 Cash and Investments $1,712 $2,281 $2,366 Loans and MBS $111,089 $109,170 $107,494 Adjustable Rate Mortgages and MBS $107,861 $106,076 $104,481 Loans Originated - Month $4,432 $4,196 $4,514 Percentage ARMs - Month 99 % 100 % 99 % Percentage Refinances - Month 75 % 76 % 77 % Loans Originated - YTD $19,803 $15,371 $11,175 Percentage ARMs - YTD 99 % 99 % 99 % Percentage Refinances - YTD 77 % 77 % 78 % Total Deposits $57,701 $56,682 $55,593 Total Deposit Net Activity - Month $1,019 $1,089 $1,343 Total Deposit Net Activity - YTD $4,736 $3,717 $2,628 Federal Home Loan Bank Borrowings $35,759 $35,758 $35,512 Other Borrowings: Reverse Repurchases 4,450 4,350 4,050 Federal Funds Purchased 0 0 0 Bank Notes 2,399 2,547 2,486 Senior Debt 5,987 5,974 5,956 --------- --------- --------- Total Borrowings $48,595 $48,629 $48,004 ========= ========= ========= Yield on Loan Portfolio 5.28 % 5.16 % 5.06 % Yield on Interest-Earning Investments 3.10 2.99 2.90 --------- --------- --------- Combined Yield on Interest- Earning Assets 5.26 % 5.13 % 5.02 % Cost of Deposits 2.61 % 2.52 % 2.39 % Cost of Federal Home Loan Bank Borrowings 3.16 2.99 2.83 Cost of Other Borrowings 3.27 3.17 3.07 --------- --------- --------- Combined Cost of Funds 2.87 % 2.76 % 2.62 % --------- --------- --------- Net Interest Rate Spread (Primary Spread) 2.39 % 2.37 % 2.40 % ========= ========= ========= Loans Sold $29 $32 $32 Loan and MBS Repayments and Payoffs - Month $2,588 $2,555 $2,677 As a % of Prior Month Loan Balances (Annualized) 28.63 % 28.71 % 30.55 % Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .30 % .31 % .32 % 2005 2004 ------------------- ---------- FEB JAN DEC --------- --------- --------- Total Assets $110,663 $109,091 $106,889 Cash and Investments $2,170 $2,097 $1,667 Loans and MBS $105,811 $104,344 $102,669 Adjustable Rate Mortgages and MBS $102,705 $101,381 $99,731 Loans Originated - Month $3,262 $3,399 $4,727 Percentage ARMs - Month 99 % 99 % 99 % Percentage Refinances - Month 79 % 77 % 76 % Loans Originated - YTD $6,661 $3,399 $48,989 Percentage ARMs - YTD 99 % 99 % 99 % Percentage Refinances - YTD 78 % 77 % 72 % Total Deposits $54,250 $53,657 $52,965 Total Deposit Net Activity - Month $593 $692 $541 Total Deposit Net Activity - YTD $1,285 $692 $6,238 Federal Home Loan Bank Borrowings $35,624 $35,028 $33,782 Other Borrowings: Reverse Repurchases 3,900 3,900 3,900 Federal Funds Purchased 0 0 0 Bank Notes 2,842 2,681 2,710 Senior Debt 5,273 5,289 5,292 --------- --------- --------- Total Borrowings $47,639 $46,898 $45,684 ========= ========= ========= Yield on Loan Portfolio 4.95 % 4.84 % 4.75 % Yield on Interest-Earning Investments 2.62 2.55 2.08 --------- --------- --------- Combined Yield on Interest- Earning Assets 4.92 % 4.81 % 4.73 % Cost of Deposits 2.28 % 2.19 % 2.08 % Cost of Federal Home Loan Bank Borrowings 2.65 2.46 2.30 Cost of Other Borrowings 2.80 2.73 2.60 --------- --------- --------- Combined Cost of Funds 2.47 % 2.35 % 2.22 % --------- --------- --------- Net Interest Rate Spread (Primary Spread) 2.45 % 2.46 % 2.51 % ========= ========= ========= Loans Sold $30 $29 $33 Loan and MBS Repayments and Payoffs - Month $1,912 $1,726 $2,506 As a % of Prior Month Loan Balances (Annualized) 22.12 % 20.29 % 29.99 % Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .33 % .33 % .33 % 2004 ----------------------------- NOV OCT SEP --------- --------- --------- Total Assets $104,641 $102,759 $100,248 Cash and Investments $1,284 $1,614 $1,203 Loans and MBS $100,846 $98,664 $96,616 Adjustable Rate Mortgages and MBS $97,572 $95,580 $93,427 Loans Originated - Month $4,135 $4,222 $4,343 Percentage ARMs - Month 99 % 99 % 99 % Percentage Refinances - Month 75 % 73 % 71 % Loans Originated - YTD $44,262 $40,127 $35,905 Percentage ARMs - YTD 99 % 99 % 99 % Percentage Refinances - YTD 71 % 71 % 71 % Total Deposits $52,424 $52,215 $51,667 Total Deposit Net Activity - Month $209 $548 $800 Total Deposit Net Activity - YTD $5,697 $5,488 $4,940 Federal Home Loan Bank Borrowings $32,957 $32,263 $32,017 Other Borrowings: Reverse Repurchases 4,150 3,900 3,650 Federal Funds Purchased 20 0 0 Bank Notes 2,544 2,069 869 Senior Debt 3,993 4,000 3,998 --------- --------- --------- Total Borrowings $43,664 $42,232 $40,534 ========= ========= ========= Yield on Loan Portfolio 4.71 % 4.64 % 4.59 % Yield on Interest-Earning Investments 2.08 1.83 1.90 --------- --------- --------- Combined Yield on Interest- Earning Assets 4.69 % 4.62 % 4.57 % Cost of Deposits 2.02 % 2.00 % 1.97 % Cost of Federal Home Loan Bank Borrowings 2.10 1.91 1.78 Cost of Other Borrowings 2.27 2.22 2.21 --------- --------- --------- Combined Cost of Funds 2.07 % 1.99 % 1.93 % --------- --------- --------- Net Interest Rate Spread (Primary Spread) 2.62 % 2.63 % 2.64 % ========= ========= ========= Loans Sold $27 $37 $30 Loan and MBS Repayments and Payoffs - Month $2,114 $2,045 $2,113 As a % of Prior Month Loan Balances (Annualized) 25.86 % 25.54 % 26.96 % Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .35 % .35 % .36 % CONTACT: Golden West Financial Corporation William C. Nunan, 510-446-3614