EX-99.2 3 a5062739ex99_2.txt EXHIBIT 99.2 - STATISTICAL DATA PRESS RELEASE Exhibit 99.2 Golden West Financial Releases Thirteen Month Statistical Data OAKLAND, Calif.--(BUSINESS WIRE)--Jan. 24, 2006--Golden West Financial Corporation (NYSE:GDW)(PCX:GDW), parent of World Savings Bank, today released statistical data for the thirteen months ended December 31, 2005. Headquartered in Oakland, California, Golden West is one of the nation's largest financial institutions with assets over $120 billion as of December 31, 2005. The Company has one of the most extensive thrift branch systems in the country, with 283 savings branches in 10 states and lending operations in 39 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 December 2004 - December 2005 (Dollars in millions) 2005 ---------------------------------------- DEC NOV OCT SEP --------- --------- --------- --------- Total Assets $124,615 $124,456 $123,422 $121,281 Cash and Investments $2,222 $3,052 $2,913 $1,904 Loans and MBS $119,366 $118,435 $117,587 $116,513 Adjustable Rate Mortgages and MBS $116,370 $115,258 $114,306 $113,375 Loans Originated - Month $4,587 $4,255 $4,277 $4,605 Percentage ARMs - Month 99% 99% 99% 99% Percentage Refinances - Month 81% 81% 80% 77% Loans Originated - YTD $51,516 $46,929 $42,674 $38,397 Percentage ARMs - YTD 99% 99% 99% 99% Percentage Refinances - YTD 77% 77% 77% 76% Total Deposits $60,158 $60,268 $59,083 $58,429 Total Deposit Net Activity - Month $(110) $1,185 $654 $(153) Total Deposit Net Activity - YTD $7,193 $7,303 $6,118 $5,464 Federal Home Loan Bank Borrowings $38,961 $38,615 $38,893 $38,897 Other Borrowings: Reverse Repurchases 5,000 5,000 5,150 5,150 Bank Notes 2,394 2,024 2,163 2,489 Senior Debt 8,194 8,191 8,189 6,705 --------- --------- --------- --------- Total Borrowings $54,549 $53,830 $54,395 $53,241 ========= ========= ========= ========= Yield on Loan Portfolio 6.05% 5.95% 5.83% 5.72% Yield on Interest-Earning Investments 4.11 4.08 4.07 3.93 --------- --------- --------- --------- Combined Yield on Interest- Earning Assets 6.03% 5.91% 5.79% 5.70% Cost of Deposits 3.24% 3.14% 3.06% 2.97% Cost of Federal Home Loan Bank Borrowings 4.33 4.13 3.94 3.79 Cost of Other Borrowings 4.47 4.18 4.07 3.93 --------- --------- --------- --------- Combined Cost of Funds 3.78% 3.62% 3.50% 3.38% --------- --------- --------- --------- Net Interest Rate Spread (Primary Spread) 2.25% 2.29% 2.29% 2.32% ========= ========= ========= ========= Loans Sold $98 $160 $119 $84 Loan and MBS Repayments and Payoffs - Month $3,371 $3,190 $3,183 $3,229 As a % of Prior Month Loan Balance (Annualized) 34.40% 32.78% 33.01% 33.79% Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .31% .31% .29% .28% 2005 ----------------------------------- AUG JUL JUN ------------ ---------- ----------- Total Assets $119,621 $118,560 $117,486 Cash and Investments $1,376 $1,861 $1,984 Loans and MBS $115,461 $113,925 $112,746 Adjustable Rate Mortgages and MBS $112,149 $110,864 $109,542 Loans Originated - Month $4,822 $4,342 $4,825 Percentage ARMs - Month 99% 99% 99% Percentage Refinances - Month 77% 75% 74% Loans Originated - YTD $33,792 $28,970 $24,628 Percentage ARMs - YTD 99% 99% 99% Percentage Refinances - YTD 76% 76% 76% Total Deposits $58,582 $59,412 $59,226 Total Deposit Net Activity - Month $(830) $186 $1,525 Total Deposit Net Activity - YTD $5,617 $6,447 $6,261 Federal Home Loan Bank Borrowings $36,666 $36,259 $35,756 Other Borrowings: Reverse Repurchases 4,950 4,700 4,450 Bank Notes 2,950 1,925 2,233 Senior Debt 6,727 6,710 6,737 ------------ ---------- ----------- Total Borrowings $51,293 $49,594 $49,176 ============ ========== =========== Yield on Loan Portfolio 5.61% 5.51% 5.40% Yield on Interest-Earning Investments 3.61 3.34 3.41 ------------ ---------- ----------- Combined Yield on Interest- Earning Assets 5.60% 5.49% 5.38% Cost of Deposits 2.89% 2.78% 2.70% Cost of Federal Home Loan Bank Borrowings 3.61 3.42 3.29 Cost of Other Borrowings 3.68 3.58 3.47 ------------ ---------- ----------- Combined Cost of Funds 3.24% 3.09% 2.99% ------------ ---------- ----------- Net Interest Rate Spread (Primary Spread) 2.36% 2.40% 2.39% ============ ========== =========== Loans Sold $92 $50 $38 Loan and MBS Repayments and Payoffs - Month $3,397 $2,932 $3,065 As a % of Prior Month Loan Balance (Annualized) 36.02% 31.42% 33.33% Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .28% .28% .28% GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES MONTHLY FINANCIAL HIGHLIGHTS December 2004 - December 2005 (Dollars in millions) 2005 2004 --------------------------------------------- --------- MAY APR MAR FEB JAN DEC -------- -------- -------- -------- --------- --------- Total Assets $115,532 $114,202 $112,588 $110,663 $109,091 $106,889 Cash and Investments $1,712 $2,281 $2,366 $2,170 $2,097 $1,667 Loans and MBS $111,089 $109,170 $107,494 $105,811 $104,344 $102,669 Adjustable Rate Mortgages and MBS $107,861 $106,076 $104,481 $102,705 $101,381 $99,731 Loans Originated - Month $4,432 $4,196 $4,514 $3,262 $3,399 $4,727 Percentage ARMs - Month 99% 100% 99% 99% 99% 99% Percentage Refinances - Month 75% 76% 77% 79% 77% 76% Loans Originated - YTD $19,803 $15,371 $11,175 $6,661 $3,399 $48,989 Percentage ARMs - YTD 99% 99% 99% 99% 99% 99% Percentage Refinances - YTD 77% 77% 78% 78% 77% 72% Total Deposits $57,701 $56,682 $55,593 $54,250 $53,657 $52,965 Total Deposit Net Activity - Month $1,019 $1,089 $1,343 $593 $692 $541 Total Deposit Net Activity - YTD $4,736 $3,717 $2,628 $1,285 $692 $6,238 Federal Home Loan Bank Borrowings $35,759 $35,758 $35,512 $35,624 $35,028 $33,782 Other Borrowings: Reverse Repur- chases 4,450 4,350 4,050 3,900 3,900 3,900 Bank Notes 2,399 2,547 2,486 2,842 2,681 2,710 Senior Debt 5,987 5,974 5,956 5,273 5,289 5,292 -------- -------- -------- -------- --------- --------- Total Borrowings $48,595 $48,629 $48,004 $47,639 $46,898 $45,684 ======== ======== ======== ======== ========= ========= Yield on Loan Portfolio 5.28% 5.16% 5.06% 4.95% 4.84% 4.75% Yield on Interest- Earning Investments 3.10 2.99 2.90 2.62 2.55 2.08 -------- -------- -------- -------- --------- --------- Combined Yield on Interest- Earning Assets 5.26% 5.13% 5.02% 4.92% 4.81% 4.73% Cost of Deposits 2.61% 2.52% 2.39% 2.28% 2.19% 2.08% Cost of Federal Home Loan Bank Borrowings 3.16 2.99 2.83 2.65 2.46 2.30 Cost of Other Borrowings 3.27 3.17 3.07 2.80 2.73 2.60 -------- -------- -------- -------- --------- --------- Combined Cost of Funds 2.87% 2.76% 2.62% 2.47% 2.35% 2.22% -------- -------- -------- -------- --------- --------- Net Interest Rate Spread (Primary Spread) 2.39% 2.37% 2.40% 2.45% 2.46% 2.51% ======== ======== ======== ======== ========= ========= Loans Sold $29 $32 $32 $30 $29 $33 Loan and MBS Repayments and Payoffs - Month $2,588 $2,555 $2,677 $1,912 $1,726 $2,506 As a % of Prior Month Loan Balance (Annualized) 28.63% 28.71% 30.55% 22.12% 20.29% 29.99% Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .30% .31% .32% .33% .33% .33% CONTACT: Golden West Financial Corporation William C. Nunan, 510-446-3614