EX-99.2 3 a5128094ex99_2.txt EXHIBIT 99.2 Exhibit 99.2 Golden West Financial Releases Thirteen Month Statistical Data OAKLAND, Calif.--(BUSINESS WIRE)--April 20, 2006--Golden West Financial Corporation (NYSE:GDW)(PCX:GDW), parent of World Savings Bank, today released statistical data for the thirteen months ended March 31, 2006. Headquartered in Oakland, California, Golden West is one of the nation's largest financial institutions with assets over $125 billion as of March 31, 2006. 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 March 2005 - March 2006 (Dollars in millions) 2006 ------------------------------ MAR FEB JAN --------- --------- ---------- Total Assets $127,556 $126,475 $125,332 Cash and Investments $ 2,181 $ 1,904 $ 1,803 Loans and MBS $122,300 $121,526 $120,521 Adjustable Rate Mortgages and MBS $119,240 $118,407 $117,519 Loans Originated -- Month $ 4,472 $ 3,520 $ 3,574 Percentage ARMs -- Month 99% 99% 99% Percentage Refinances -- Month 85% 86% 83% Loans Originated -- YTD $ 11,566 $ 7,094 $ 3,574 Percentage ARMs -- YTD 99% 99% 99% Percentage Refinances -- YTD 84% 84% 83% Total Deposits $ 61,583 $ 61,056 $ 60,523 Total Deposit Net Activity -- Month $ 527 $ 533 $ 365 Total Deposit Net Activity -- YTD $ 1,425 $ 898 $ 365 Federal Home Loan Bank Borrowings $ 38,509 $ 37,957 $ 37,958 Other Borrowings: Reverse Repurchases 5,900 5,500 5,750 Bank Notes 2,977 3,153 2,653 Senior Debt 8,075 8,186 8,192 --------- --------- ---------- Total Borrowings $ 55,461 $ 54,796 $ 54,553 ========= ========= ========== Yield on Loan Portfolio 6.71% 6.60% 6.49% Yield on Interest-Earning Investments 4.91 4.60 4.51 --------- --------- ---------- Combined Yield on Interest- Earning Assets 6.69% 6.58% 6.47% Cost of Savings 3.56% 3.46% 3.36% Cost of Federal Home Loan Bank Borrowings 4.75 4.62 4.45 Cost of Other Borrowings 4.87 4.65 4.58 --------- --------- ---------- Combined Cost of Funds 4.14% 4.01% 3.89% --------- --------- ---------- Net Interest Rate Spread (Primary Spread) 2.55% 2.57% 2.58% ========= ========= ========== Loans Sold $ 77 $ 67 $ 52 Loan and MBS Repayments and Payoffs -- Month $ 3,683 $ 2,681 $ 2,526 As a % of Prior Month Loan Balance (Annualized) 36.63% 26.88% 25.58% Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .34% .35% .33% 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 6.37% 6.27% 6.16% 6.04% Yield on Interest-Earning Investments 4.11 4.08 4.07 3.93 --------- --------- --------- --------- Combined Yield on Interest- Earning Assets 6.35% 6.22% 6.12% 6.01% Cost of Savings 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) 2.57% 2.60% 2.62% 2.63% ========= ========= ========= ========= 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% GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES MONTHLY FINANCIAL HIGHLIGHTS March 2005 - March 2006 (Dollars in millions) 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 5.93% 5.79% 5.67% Yield on Interest-Earning Investments 3.61 3.34 3.41 --------- --------- ---------- Combined Yield on Interest- Earning Assets 5.91% 5.77% 5.64% Cost of Savings 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) 2.67% 2.68% 2.65% ========= ========= ========== 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% 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 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 5.53% 5.38% 5.25% Yield on Interest-Earning Investment 3.10 2.99 2.90 --------- ---------- --------- Combined Yield on Interest-Earning Assets 5.51% 5.35% 5.22% Cost of Savings 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) 2.64% 2.59% 2.60% ========= ========== ========= Loans Sold $ 29 $ 32 $ 32 Loan and MBS Repayments and Payoffs Month $ 2,588 $ 2,555 $ 2,677 As a % of Prior Month Loan Balance (Annualized) 28.63% 28.71% 30.55% Nonperforming Assets and Troubled Debt Restructured as a % of Total Assets .30% .31% .32% CONTACT: Golden West Financial Corporation William C. Nunan, 510-446-3614