EX-99.2 3 jun302012factsheet_exhibit.htm WAFD JUL 17 2012 8-K EXHIBIT 99.2 Jun 30 2012 Fact Sheet_Exhibit 99.2
Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

Exhibit 99.2
 
 
 
 
 
 
 
 
 
 
 
 
 12/11 QTR
 
 
 
 3/12 QTR
 
 
 
6/12 QTR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Loss Reserve - Total
$
154,540

 
 
 
$
143,819

 
 
 
$
137,951

 
 
     General
114,552

 
 
 
114,039

 
 
 
116,164

 
 
     Specific
39,988

 
 
 
29,781

 
 
 
21,787

 
 
    Allowance as a % of Gross Loans
1.88
%
 
 
 
1.79
%
 
 
 
1.73
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulatory Capital Ratios (excludes holding co.)
 
 
 
 
 
 
 
 
 
 
 
     Tangible
1,549,770

 
11.73%
 
1,557,847

 
11.70%
 
1,567,757

 
11.87%
     Core
1,549,770

 
11.73
 
1,557,847

 
11.70
 
1,567,757

 
11.87
     Risk Based
1,632,494

 
24.96
 
1,637,250

 
26.06
 
1,646,427

 
26.43
 
 
 
 
 
 
 
 
 
 
 
 
 
 12/11 QTR
 
 
 
 3/12 QTR
 
 3/12 YTD
 
6/12 QTR
 
 6/12 YTD
Loan Originations - Total
$
285,763

 
 
 
$
263,768

 
$
549,531

 
$
430,229

 
$
979,761

     Single-Family Residential
121,430

 
 
 
114,954

 
236,384

 
157,486

 
393,871

     Construction - Speculative
31,389

 
 
 
27,951

 
59,340

 
45,407

 
104,747

     Construction - Custom
51,420

 
 
 
38,184

 
89,604

 
49,755

 
139,359

     Land - Acquisition & Development
1,994

 
 
 
3,714

 
5,708

 
6,109

 
11,817

     Land - Consumer Lot Loans
1,452

 
 
 
3,027

 
4,479

 
3,919

 
8,398

     Multi-Family
38,431

 
 
 
30,135

 
68,566

 
58,088

 
126,654

     Commercial Real Estate
22,215

 
 
 
10,900

 
33,115

 
26,365

 
59,480

     Commercial & Industrial
8,239

 
 
 
26,637

 
34,876

 
71,835

 
106,711

     HELOC
9,193

 
 
 
8,266

 
17,459

 
11,265

 
28,724

     Consumer

 
 
 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 

1 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

 
 12/11 QTR
 
 
 
 3/12 QTR
 
 3/12 YTD
 
6/12 QTR
 
 6/12 YTD
Loan Servicing Fee Income
$
1,774

 
 
 
$
2,052

 
$
3,826

 
$
1,482

 
$
5,309

Other Fee Income
1,170

 
 
 
775

 
1,945

 
753

 
2,699

     Total Fee Income
$
2,944

 
 
 
$
2,827

 
$
5,771

 
$
2,235

 
$
8,008

 
 
 
 
 
 
 
 
 
 
 
 
 
 12/11 QTR
 
 
 
 3/12 QTR
 
 3/12 YTD
 
6/12 QTR
 
 6/12 YTD
Operating Expenses/Average Assets
1.01
%
 
 
 
1.08
%
 
1.05
%
 
1.06
%
 
1.05
%
Efficiency Ratio
31.71

 
 
 
33.58

 
32.65

 
33.92

 
33.68

Amortization of Intangibles
$
380

 
 
 
$
407

 
$
787

 
$
366

 
$
1,153

 
 
 
 
 
 
 
 
 
 
 
 
Repayments
 12/11 QTR
 
 
 
 3/12 QTR
 
 3/12 YTD
 
6/12 QTR
 
 6/12 YTD
Loans
$
525,313

 
 
 
$
439,112

 
$
964,425

 
$
483,219

 
$
1,447,644

MBS
335,274

 
 
 
294,904

 
630,178

 
315,190

 
945,368

 
 
 
 
 
 
 
 
 
 
 
 
EOP Numbers
 12/11 QTR
 
 
 
 3/12 QTR
 
 
 
6/12 QTR
 
 
Shares Issued and Outstanding
107,460,435

 
 
 
106,867,527

 
 
 
106,884,239

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share repurchase information
 12/11 QTR
 
 
 
 3/12 QTR
 
 3/12 YTD
 
6/12 QTR
 
 6/12 YTD
Remaining shares auth. for repurchase
7,533,514

 
 
 
6,908,314

 
6,908,314

 
6,908,314

 
6,908,314

Shares repurchased
1,550,000

 
 
 
625,200

 
2,175,200

 

 
2,175,200

Average share repurchase price
$
13.11

 
 
 
$
16

 
$
13.93

 
$

 
$
13.93

 
 
 
 
 
 
 
 
 
 
 
 

2 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

Tangible Common Book Value
 12/11 QTR
 
 
 
 3/12 QTR
 
 
 
6/12 QTR
 
 
$ Amount
$
1,653,435

 
 
 
$
1,650,807

 
 
 
$
1,676,850

 
 
Per Share
15.39

 
 
 
15.45

 
 
 
15.69

 
 
 
 
 
 
 
 
 
 
 
 
 
 
# of Employees
1,241

 
 
 
1,248

 
 
 
1,237

 
 
Tax Rate - Going Forward
36.00
%
 
 
 
36.00
%
 
 
 
36.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
 12/11 QTR
 
 
 
 3/12 QTR
 
 
 
6/12 QTR
 
 
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
3,343,771

 
 
 
$
3,372,397

 
 
 
$
3,184,758

 
 
     Other
204,305

 
 
 
315,228

 
 
 
441,357

 
 
 
$
3,548,076

 
 
 
$
3,687,625

 
 
 
$
3,626,115

 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
41,431

 
 
 
$
37,912

 
 
 
$
34,433

 
 
     Other
795

 
 
 
795

 
 
 
795

 
 
 
$
42,226

 
 
 
$
38,707

 
 
 
$
35,228

 
 
 
 
 
 
 
 
 
 
 
 
 
 

3 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

 
 AS OF 12/31/11
 
 AS OF 3/31/12
 
 AS OF 6/30/12
Gross Loan Portfolio by Category *
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
6,082,490

 
74.1
%
 
$
5,973,633

 
74.4
%
 
$
5,905,148

 
74.1
%
     Construction - Speculative
130,120

 
1.6
%
 
128,857

 
1.6
%
 
132,630

 
1.7
%
     Construction - Custom
271,227

 
3.3
%
 
235,566

 
2.9
%
 
210,488

 
2.6
%
     Land - Acquisition & Development
175,965

 
2.1
%
 
156,458

 
1.9
%
 
139,603

 
1.7
%
     Land - Consumer Lot Loans
154,874

 
1.9
%
 
149,966

 
1.9
%
 
145,129

 
1.8
%
     Multi-Family
689,149

 
8.4
%
 
687,696

 
8.6
%
 
693,837

 
8.7
%
     Commercial Real Estate
415,394

 
5.1
%
 
394,489

 
4.9
%
 
401,594

 
5.0
%
     Commercial & Industrial
93,792

 
1.1
%
 
102,685

 
1.3
%
 
153,677

 
1.9
%
     HELOC
132,089

 
1.6
%
 
130,583

 
1.6
%
 
128,596

 
1.6
%
     Consumer
63,243

 
0.8
%
 
71,205

 
0.9
%
 
68,317

 
0.9
%
 
$
8,208,343

 
100
%
 
$
8,031,138

 
100
%
 
$
7,979,019

 
100
%
     Less:
 
 
 
 
 
 
 
 
 
 
 
        ALL
154,540

 
 
 
143,819

 
 
 
137,951

 
 
        Loans in Process
159,437

 
 
 
133,379

 
 
 
155,051

 
 
        Discount on Acquired Loans
48,929

 
 
 
43,687

 
 
 
35,200

 
 
        Deferred Net Origination Fees
35,362

 
 
 
34,236

 
 
 
34,612

 
 
 
398,268

 
 
 
355,121

 
 
 
362,814

 
 
 
$
7,810,075

 
 
 
$
7,676,017

 
 
 
$
7,616,205

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 AS OF 12/31/11
 
 AS OF 3/31/12
 
 AS OF 6/30/12
Net Loan Portfolio by Category *
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,968,821

 
76.4
%
 
$
5,862,053

 
76.5
%
 
$
5,795,922

 
76.0
%
     Construction - Speculative
88,341

 
1.1
%
 
86,255

 
1.1
%
 
82,829

 
1.1
%
     Construction - Custom
159,091

 
2.0
%
 
144,017

 
1.9
%
 
122,708

 
1.6
%
     Land - Acquisition & Development
138,749

 
1.8
%
 
128,660

 
1.7
%
 
112,914

 
1.5
%
     Land - Consumer Lot Loans
145,923

 
1.9
%
 
141,614

 
1.8
%
 
137,069

 
1.8
%
     Multi-Family
665,649

 
8.5
%
 
670,790

 
8.7
%
 
668,240

 
8.8
%
     Commercial Real Estate
396,342

 
5.1
%
 
355,912

 
4.6
%
 
364,163

 
4.8
%
     Commercial & Industrial
62,592

 
0.8
%
 
95,274

 
1.2
%
 
144,523

 
1.9
%
     HELOC
124,280

 
1.6
%
 
123,457

 
1.6
%
 
122,609

 
1.6
%
     Consumer
60,287

 
0.8
%
 
67,985

 
0.9
%
 
65,228

 
0.9
%
 
$
7,810,075

 
100
%
 
$
7,676,017

 
100
%
 
$
7,616,205

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
* Excludes covered loans
 
 
 
 
 
 
 
 
 
 
 

4 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

 
 AS OF 12/31/11
 
 AS OF 3/31/12
 
 AS OF 6/30/12
Deposits by State
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
     WA
$
4,265,429

 
48.1
%
 
64

 
$
4,257,205

 
48.3
%
 
64

 
$
4,247,080

 
48.8
%
 
64

     ID
583,244

 
6.6
%
 
16

 
586,625

 
6.7
%
 
16

 
577,486

 
6.7
%
 
16

     OR
1,343,553

 
15.1
%
 
28

 
1,352,292

 
15.4
%
 
28

 
1,344,466

 
15.5
%
 
28

     UT
340,278

 
3.8
%
 
10

 
338,766

 
3.9
%
 
10

 
337,981

 
3.9
%
 
10

     NV
204,034

 
2.3
%
 
4

 
203,674

 
2.3
%
 
4

 
208,007

 
2.4
%
 
4

     TX
125,592

 
1.4
%
 
6

 
126,557

 
1.4
%
 
6

 
104,084

 
1.2
%
 
4

     AZ
1,330,322

 
15.0
%
 
22

 
1,256,135

 
14.3
%
 
22

 
1,214,099

 
14.0
%
 
23

     NM
683,223

 
7.7
%
 
16

 
677,186

 
7.7
%
 
16

 
649,978

 
7.5
%
 
16

     Total
$
8,875,675

 
100.0
%
 
166

 
$
8,798,440

 
100.0
%
 
166

 
$
8,683,181

 
100.0
%
 
165

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 12/11 QTR
 
 
 
 3/12 QTR
 
 
 
6/12 QTR
 
 
Deposits by Type
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
Checking (noninterest)
$
266,073

 
3.0
%
 
 
 
$
267,031

 
3.0
%
 
 
 
$
272,819

 
3.1
%
 
 
NOW (interest)
584,517

 
6.6

 
 
 
594,878

 
6.8

 
 
 
595,208

 
6.9

 
 
Savings (passbook/stmt)
273,823

 
3.1

 
 
 
291,958

 
3.3

 
 
 
300,182

 
3.5

 
 
Money Market
1,725,804

 
19.4

 
 
 
1,710,756

 
19.4

 
 
 
1,700,233

 
19.6

 
 
CD's
6,025,458

 
67.9

 
 
 
5,933,817

 
67.5

 
 
 
5,814,739

 
66.9

 
 
Total
$
8,875,675

 
100.0
%
 
 
 
$
8,798,440

 
100.0
%
 
 
 
$
8,683,181

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits greater than $250,000 - EOP
$
1,001,418

 
 
 
 
 
$
992,794

 
 
 
 
 
$
1,010,371

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Brokered Deposits
$

 
 
 
 
 
$

 
 
 
 
 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

5 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

 
 12/11 QTR
 
 3/12 QTR
 
6/12 QTR
Non-Performing Assets
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Non-accrual loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
121,218

 
65.3
%
 
116,284

 
70.0
%
 
129,295

 
75.6
%
     Construction - Speculative
9,076

 
4.9

 
8,190

 
4.9

 
12,424

 
7.3

     Construction - Custom
635

 
0.3

 
539

 
0.3

 
539

 
0.3

     Land - Acquisition & Development
35,149

 
18.9

 
25,036

 
15.1

 
12,514

 
7.3

     Land - Consumer Lot Loans
6,851

 
3.7

 
5,641

 
3.4

 
5,844

 
3.4

     Multi-Family
7,028

 
3.8

 
4,530

 
2.7

 
3,405

 
2.0

     Commercial Real Estate
4,774

 
2.6

 
4,997

 
3.0

 
6,285

 
3.7

     Commercial & Industrial
8

 

 
1

 

 

 

     HELOC
611

 
0.3

 
591

 
0.4

 
388

 
0.2

     Consumer
433

 
0.2

 
344

 
0.2

 
339

 
0.2

        Total non-accrual loans
185,783

 
100.0
%
 
166,153

 
100.0
%
 
171,033

 
100.0
%
Total REO
126,432

 
 
 
99,826

 
 
 
88,231

 
 
Total REHI
31,450

 
 
 
20,269

 
 
 
19,226

 
 
Total non-performing assets
$
343,665

 
 
 
$
286,248

 
 
 
$
278,490

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total non-performing assets as a
 
 
 
 
 
 
 
 
 
 
 
     % of total assets
2.52
%
 
 
 
2.11
%
 
 
 
2.07
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 

6 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

 
 12/11 QTR
 
 3/12 QTR
 
6/12 QTR
 
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Restructured loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
322,669

 
80.3
%
 
$
352,622

 
82.6
%
 
$
360,150

 
83.2
%
     Construction - Speculative
18,782

 
4.7

 
20,485

 
4.8

 
15,875

 
3.7

     Construction - Custom
1,196

 
0.3

 

 

 
1,196

 
0.3

     Land - Acquisition & Development
23,299

 
5.8

 
20,443

 
4.8

 
17,075

 
3.9

     Land - Consumer Lot Loans
14,411

 
3.6

 
14,389

 
3.4

 
14,107

 
3.3

     Multi-Family
18,635

 
4.6

 
16,955

 
4.0

 
17,007

 
3.9

     Commercial Real Estate
1,729

 
0.4

 
1,714

 
0.4

 
7,049

 
1.6

     Commercial & Industrial
804

 
0.2

 
4

 

 
2

 

     HELOC
263

 
0.1

 
177

 

 
290

 
0.1

     Consumer

 

 

 

 

 

        Total restructured loans (2)
401,788

 
100.0
%
 
426,789

 
100.0
%
 
432,751

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
(2) Restructured loans were as follows:
 
 
 
 
 
 
 
 
 
 
 
     Performing
$
361,551

 
90.0
%
 
$
387,010

 
90.7
%
 
$
399,299

 
92.3
%
     Non-accrual *
40,237

 
10.0

 
39,779

 
9.3

 
33,452

 
7.7

     * Included in "Total non-accrual loans" above
$
401,788

 
100.0
%
 
$
426,789

 
100.0
%
 
$
432,751

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 

7 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

 
 12/11 QTR
 
 3/12 QTR
 
6/12 QTR
 
 AMOUNT
 
CO %**
 
 AMOUNT
 
CO %**
 
 AMOUNT
 
CO %**
Net Charge-offs by Category
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
11,329

 
0.75
 %
 
$
14,246

 
0.95
%
 
$
11,896

 
0.81
 %
     Construction - Speculative
440

 
1.35

 
980

 
3.04

 
2,203

 
6.64

     Construction - Custom

 

 

 

 

 

     Land - Acquisition & Development
2,131

 
4.84

 
11,738

 
30.01

 
986

 
2.82

     Land - Consumer Lot Loans
671

 
1.73

 
687

 
1.83

 
670

 
1.85

     Multi-Family
1,079

 
0.63

 
98

 
0.06

 
(279
)
 
(0.16
)
     Commercial Real Estate

 

 
146

 
0.15

 
58

 
0.06

     Commercial & Industrial
(2,191
)
 
(9.34
)
 
59

 
0.23

 
(2
)
 
(0.01
)
     HELOC
(52
)
 
(0.16
)
 
76

 
0.23

 
141

 
0.44

     Consumer
422

 
2.67

 
691

 
3.88

 
563

 
3.30

        Total net charge-offs
$
13,829

 
0.67
 %
 
$
28,721

 
1.43
%
 
$
16,236

 
0.81
 %
     ** Annualized Net Charge-offs divided by Gross Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 12/11 QTR
 
 
 
 3/12 QTR
 
 
 
6/12 QTR
 
 
SOP 03-3
 
 
 
 
 
 
 
 
 
 
 
Accretable Yield
$
31,721

 
 
 
$
46,485

 
 
 
$
40,258

 
 
Non-Accretable Yield
190,895

 
 
 
219,636

 
 
 
219,636

 
 
Total Contractual Payments
$
222,616

 
 
 
$
266,121

 
 
 
$
259,894

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Risk
 
 
 
 
 
 
 
 
 
 
 
One Year GAP
(18.1
)%
 
 
 
(14.5
)%
 
 
 
(8.8
)%
 
 
NPV post 200 bps shock*
10.87
 %
 
 
 
13.04
 %
 
 
 
12.78
 %
 
 
Change in NII after 200 bps shock*
(3.40
)%
 
 
 
(3.40
)%
 
 
 
(1.40
)%
 
 
* Assumes no balance sheet management
 
 
 
 
 
 
 
 
 
 
 
 
 12/11 QTR
 
 3/12 QTR
 
6/12 QTR
CD's Repricing
Amount
 
Rate
 
Amount
 
Rate
 
Amount
 
Rate
Within 3 months
$
1,126,426

 
1.20
 %
 
$
1,209,647

 
0.86
%
 
$
1,009,301

 
0.94
 %
From 4 to 6 months
1,193,610

 
0.88

 
981,387

 
0.96

 
1,496,971

 
1.05

From 7 to 9 months
725,357

 
1.17

 
1,074,104

 
1.33

 
626,115

 
1.63

From 10 to 12 months
1,071,946

 
1.33

 
628,188

 
1.63

 
536,825

 
0.85


8 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
($ in Thousands)

Historical CPR Rates ***
 
 
 
 
 
 
 
 
 
WAFD
 
WAFD
 
 
 
 
 
 
 
 
Average for Quarter Ended
SFR Mortgages
 
GSE MBS
 
 
 
 
 
 
 
 
12/31/2010
30.1
%
 
28.6
%
 
 
 
 
 
 
 
 
3/31/2011
20.9

 
17.1

 
 
 
 
 
 
 
 
6/30/2011
13.3

 
12.1

 
 
 
 
 
 
 
 
9/30/2011
17.1

 
17.5

 
 
 
 
 
 
 
 
12/31/2011
22.0

 
32.6

 
 
 
 
 
 
 
 
3/31/2012
19.5

 
27.5

 
 
 
 
 
 
 
 
6/30/2012
20.9

 
30.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*** The CPR Rate (conditional payment rate) is the rate that is equal to the proportion of the principal of a pool of loans that is paid off prematurely in each period. Also, the comparison is not precise in that Washington Federal is a portfolio lender and not required to follow GSE servicing rules/regulations.
 
 
 
 
 
 


9 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
Delinquency Summary (excludes covered loans)
($ in Thousands)


 
 
 
 
 
 
 AMOUNT OF LOANS
 
# OF LOANS
 
% based
 
 
 
% based
TYPE OF LOANS
 
 #LOANS
 
AVG Size
 
NET OF LIP & CHG-OFFs
 
30
 
60
 
90
 
Total
 
on #
 
$ Delinquent
 
on $
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
31,789

 
186

 
$
5,902,632

 
162

 
84

 
508

 
754

 
2.37
%
 
$
165,664

 
2.81
%
     Construction - Speculative
 
546

 
174

 
94,930

 
5

 
7

 
15

 
27

 
4.95

 
7,796

 
8.21

     Construction - Custom
 
506

 
245

 
123,965

 
1

 
1

 
1

 
3

 
0.59

 
583

 
0.47

     Land - Acquisition & Development
 
211

 
606

 
127,953

 
2

 

 
12

 
14

 
6.64

 
13,390

 
10.46

     Land - Consumer Lot Loans
 
1,581

 
92

 
145,037

 
11

 
6

 
40

 
57

 
3.61

 
8,492

 
5.86

     Multi-Family
 
1,095

 
617

 
675,334

 
2

 
3

 
4

 
9

 
0.82

 
4,475

 
0.66

     Commercial Real Estate
 
927

 
329

 
305,046

 
3

 
2

 
6

 
11

 
1.19

 
4,378

 
1.44

     Commercial & Industrial
 
517

 
287

 
148,565

 
2

 

 

 
2

 
0.39

 
19

 
0.01

     HELOC
 
1,976

 
57

 
113,559

 
1

 
2

 
4

 
7

 
0.35

 
735

 
0.65

     Consumer
 
10,124

 
7

 
68,202

 
160

 
68

 
56

 
284

 
2.81

 
1,981

 
2.90

 
 
49,272

 
 
 
7,705,223

 
349

 
173

 
646

 
1,168

 
2.37
%
 
207,513

 
2.69
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
32,195

 
185

 
$
5,969,973

 
223

 
143

 
526

 
892

 
2.77
%
 
$
185,142

 
3.10
%
     Construction - Speculative
 
527

 
195

 
102,655

 
1

 
3

 
18

 
22

 
4.17

 
5,198

 
5.06

     Construction - Custom
 
580

 
251

 
145,406

 

 
1

 
1

 
2

 
0.34

 
561

 
0.39

     Land - Acquisition & Development
 
221

 
662

 
146,228

 

 
3

 
18

 
21

 
9.50

 
21,128

 
14.45

     Land - Consumer Lot Loans
 
1,611

 
93

 
149,966

 
10

 
10

 
36

 
56

 
3.48

 
7,811

 
5.21

     Multi-Family
 
1,120

 
605

 
677,730

 

 
2

 
5

 
7

 
0.63

 
5,213

 
0.77

     Commercial Real Estate
 
939

 
311

 
292,143

 
16

 
4

 
6

 
26

 
2.77

 
5,365

 
1.84

     Commercial & Industrial
 
536

 
177

 
94,901

 
3

 
1

 
2

 
6

 
1.12

 
6

 
0.01

     HELOC
 
1,998

 
57

 
113,368

 
5

 
2

 
7

 
14

 
0.70

 
711

 
0.63

     Consumer
 
10,784

 
7

 
71,080

 
181

 
69

 
62

 
312

 
2.89

 
2,087

 
2.94

 
 
50,511

 
 
 
7,763,450

 
439

 
238

 
681

 
1,358

 
2.86
%
 
233,222

 
3.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
32,704

 
186

 
$
6,080,965

 
248

 
113

 
544

 
905

 
2.77
%
 
$
192,588

 
3.17
%
     Construction - Speculative
 
524

 
200

 
104,654

 
11

 
1

 
15

 
27

 
5.15

 
6,152

 
5.88

     Construction - Custom
 
678

 
237

 
160,717

 
1

 

 
1

 
2

 
0.29

 
1,160

 
0.72

     Land - Acquisition & Development
 
224

 
758

 
169,752

 
2

 
1

 
21

 
24

 
10.71

 
26,573

 
15.65

     Land - Consumer Lot Loans
 
1,633

 
95

 
154,874

 
10

 
9

 
50

 
69

 
4.23

 
9,268

 
5.98

     Multi-Family
 
1,131

 
597

 
675,772

 
3

 
1

 
7

 
11

 
0.97

 
8,670

 
1.28

     Commercial Real Estate
 
752

 
550

 
413,343

 
5

 

 
7

 
12

 
1.60

 
4,583

 
1.11

     Commercial & Industrial
 
487

 
192

 
93,498

 
2

 

 
3

 
5

 
1.03

 
50

 
0.05

     HELOC
 
1,924

 
69

 
132,089

 
2

 
2

 
6

 
10

 
0.52

 
814

 
0.62

     Consumer
 
11,479

 
6

 
63,243

 
204

 
109

 
94

 
407

 
3.55

 
2,257

 
3.57

 
 
51,536

 
 
 
8,048,907

 
488

 
236

 
748

 
1,472

 
2.86
%
 
252,115

 
3.13
%

10 of 11

Washington Federal, Inc.
Fact Sheet
June 30, 2012
Average Balance Sheet
($ in Thousands)

 
Quarters Ended
 
December 31, 2011
 
March 31, 2012
 
June 30, 2012
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and covered loans
$
8,370,466

 
$
127,480

 
6.06
%
 
$
8,081,677

 
$
123,771

 
6.05
%
 
$
7,928,565

 
$
118,115

 
5.88
%
Mortgage-backed securities
3,146,219

 
26,296

 
3.33

 
3,541,962

 
28,682

 
3.26

 
3,279,476

 
25,101

 
3.08

Cash & Investments
1,014,559

 
2,151

 
0.84

 
932,074

 
2,151

 
0.91

 
1,280,386

 
2,167

 
0.67

FHLB stock
151,944

 

 

 
152,698

 

 

 
151,715

 
1

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-earning assets
12,683,188

 
155,927

 
4.89
%
 
12,708,411

 
154,604

 
4.89
%
 
12,640,142

 
145,384

 
4.63
%
Other assets
898,176

 
 
 
 
 
888,899

 
 
 
 
 
869,980

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
13,581,364

 
 
 
 
 
$
13,597,310

 
 
 
 
 
$
13,510,122

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer accounts
8,826,157

 
23,949

 
1.08
%
 
8,821,377

 
22,016

 
1
%
 
8,760,578

 
20,902

 
0.96
%
FHLB advances
1,961,261

 
20,735

 
4.21

 
1,960,358

 
20,516

 
4.21

 
1,958,896

 
20,500

 
4.21

Other borrowings
800,000

 
7,528

 
3.74

 
800,000

 
7,447

 
3.74

 
800,000

 
7,447

 
3.74

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-bearing liabilities
11,587,418

 
52,212

 
1.79
%
 
11,581,735

 
49,979

 
1.74
%
 
11,519,474

 
48,849

 
1.71
%
Other liabilities
90,416

 
 
 
 
 
101,738

 
 
 
 
 
70,846

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities
11,677,834

 
 
 
 
 
11,683,473

 
 
 
 
 
11,590,320

 
 
 
 
Stockholders’ equity
1,903,530

 
 
 
 
 
1,913,837

 
 
 
 
 
1,919,802

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and equity
$
13,581,364

 
 
 
 
 
$
13,597,310

 
 
 
 
 
$
13,510,122

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
 
$
103,715

 
 
 
 
 
$
104,625

 
 
 
 
 
$
96,535

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest margin (1)
 
 
 
 
3.27
%
 
 
 
 
 
3.29
%
 
 
 
 
 
3.05
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
Annualized net interest income divided by average interest-earning assets.
 
 
 
 
 
 
 
 
 
 


11 of 11