EX-99.2 3 exhibit992_mar2015factsheet.htm EXHIBIT 99.2 Exhibit 99.2_Mar 2015 Fact Sheet
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

Exhibit 99.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 9/14 QTR
 
 
 
 12/14 QTR
 
 
 
3/15 QTR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Loss Reserve - Total
$
115,257

 
 
 
$
110,598

 
 
 
$
110,221

 
 
 
     General and Specific Allowance
$
112,347

 
 
 
$
108,700

 
 
 
$
108,323

 
 
 
     Commitments Reserve
2,910

 
 
 
1,898

 
 
 
1,898

 
 
 
    Allowance as a % of Gross Loans
1.33
%
 
 
 
1.26
%
 
 
 
1.22
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulatory Capital Ratios (excludes holding co.)
 
 
 
 
 
 
 
 
 
 
 
 
     Tangible
1,658,704

 
11.46%
 
1,622,086

 
11.33%
 
1,641,824

 
11.52%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 9/14 QTR
 
 9/14 YTD
 
 12/14 QTR
 
 12/14 YTD
 
 3/15 QTR
 
3/15 YTD
 
Loan Originations - Total
$
664,646

$
2,172,015
 
 
$
578,988

$
578,988
 
 
$
691,472

$
1,270,460
 

     Single-Family Residential
220,698

696,999
 
 
167,299

167,299
 
 
130,636

297,935
 
 
     Construction - Speculative
54,047

170,539
 
 
50,158

50,158
 
 
49,051

99,209
 
 
     Construction - Custom
116,374

359,073
 
 
88,398

88,398
 
 
67,410

155,808
 
 
     Land - Acquisition & Development
8,821

53,960
 
 
16,567

16,567
 
 
29,573

46,140
 
 
     Land - Consumer Lot Loans
5,214

12,441
 
 
2,604

2,604
 
 
2,132

4,736
 
 
     Multi-Family
50,143

239,352
 
 
62,281

62,281
 
 
73,918

136,199
 
 
     Commercial Real Estate
92,615

258,367
 
 
59,840

59,840
 
 
202,498

262,338
 
 
     Commercial & Industrial
104,226

332,871
 
 
114,787

114,787
 
 
119,812

234,599
 
 
     HELOC
12,164

47,054
 
 
16,270

16,270
 
 
16,077

32,347
 
 
     Consumer
344

1,359
 
 
784

784
 
 
365

1,149
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchased Loans (including acquisitions)
$
11,675

 
$211,227
 
$
46,831

 
$46,831
 
$
100,001

 
$146,832
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loan Fee and Discount Accretion
$
7,938

 
$27,848
 
$
7,721

 
$7,721
 
$
7,071

 
$14,792
 

1
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

 
 9/14 QTR
 9/14 YTD
 
 12/14 QTR
 12/14 YTD
 
 3/15 QTR
 
3/15 YTD
 
Repayments
 
 
 
 
 
 
 
 
 
Loans
$
495,997

 
$
1,827,315

 
$
516,926


$
516,926

 
$
596,801

 
$
1,113,727

 
MBS
118,006

 
352,418

 
101,494


101,494

 
114,836

 
$
216,330

 
 
 
 
 
 
 
 
 
 
 
MBS Premium Amortization
$
2,756

 
$
8,769

 
$
2,397


$
2,397

 
$
2,704

 
$
5,101

 
 
 
 
 
 
 
 
 
 
 
Efficiency
 
 
 
 
 
 
 
 
 
Operating Expenses/Average Assets
1.47
%
1.43
%
 
1.46
%
 
1.46

 
1.58
%
 
1.52
%
 
Efficiency Ratio
48.05

46.76
 
 
49.83

 
49.83

 
49.97

 
49.90

 
Amortization of Intangibles
$
1,074

$
3,675
 
 
$
1,024


$
1,024

 
$
982

 
$
2,006

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EOP Numbers
 
 
 
 
 
 
 
 
 
Shares Issued and Outstanding
98,404,705

 
 
 
97,556,077

 
 
 
95,088,294

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share repurchase information
 
 
 
 
 
 
 
 
 
Remaining shares auth. for repurchase
5,042,434

 
5,042,434

 
3,926,287

 
3,926,287

 
1,426,269

 
1,426,269

 
Shares repurchased
1,882,200

 
4,830,400

 
1,116,147

 
1,116,147

 
2,500,018

 
3,616,165

 
Average share repurchase price
$
21.28

 
$
21.59

 
$
21.79

 
$
21.79

 
$
21.21

 
$
21.39

 
 
 
 
 
 
 
 
 
 
 
 
 
 

2
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

Tangible Common Book Value
 9/14 QTR
 
 
 
 12/14 QTR
 
 
 
3/15 QTR
 
 
$ Amount
$
1,673,974

 
 
 
$
1,679,454

 
 
 
$
1,667,237

 
 
Per Share
17.01

 
 
 
17.22

 
 
 
17.53

 
 
 
 
 
 
 
 
 
 
 
 
 
 
# of Employees
1,909

 
 
 
1,862

 
 
 
1,865

 
 
Tax Rate - Going Forward
35.75
%
 
 
 
35.75
%
 
 
 
35.75
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,683,425

 
 
 
$
1,588,647

 
 
 
$
1,567,607

 
 
     Other
1,366,017

 
 
 
1,306,409

 
 
 
1,189,299

 
 
 
$
3,049,442

 
 
 
$
2,895,056

 
 
 
$
2,756,906

 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,548,265

 
 
 
$
1,516,219

 
 
 
$
1,479,781

 
 
     Other
—

 
 
 
—

 
 
 
—

 
 
 
$
1,548,265

 
 
 
$
1,516,219

 
 
 
$
1,479,781

 
 
 
 
 
 
 
 
 
 
 
 
 
 

3
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

 
 AS OF 9/30/14
 
 AS OF 12/31/14
 
 AS OF 3/31/15
Gross Loan Portfolio by Category (a)
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,572,244

 
64.3%
 
$
5,619,697

 
63.9%
 
$
5,546,402

 
61.5%
     Construction - Speculative
140,060

 
1.6
 
152,450

 
1.7
 
163,657

 
1.8
     Construction - Custom
385,824

 
4.5
 
377,561

 
4.3
 
370,693

 
4.1
     Land - Acquisition & Development
80,359

 
0.9
 
86,405

 
1.0
 
107,181

 
1.2
     Land - Consumer Lot Loans
111,130

 
1.3
 
106,987

 
1.2
 
104,558

 
1.2
     Multi-Family
920,285

 
10.6
 
980,706

 
11.2
 
1,012,915

 
11.2
     Commercial Real Estate
752,957

 
8.7
 
749,855

 
8.5
 
885,177

 
9.8
     Commercial & Industrial
434,088

 
5.0
 
453,417

 
5.2
 
466,208

 
5.2
     HELOC
134,455

 
1.6
 
134,998

 
1.5
 
136,439

 
1.5
     Consumer
138,315

 
1.6
 
131,352

 
1.5
 
221,525

 
2.5
 
8,669,717

 
100.0%
 
8,793,428

 
100.0%
 
9,014,755

 
100.0%
     Less:
 
 
 
 
 
 
 
 
 
 
 
        ALL
112,347

 
 
 
108,700

 
 
 
108,323

 
 
        Loans in Process
346,172

 
 
 
370,655

 
 
 
426,836

 
 
        Discount on Acquired Loans
25,391

 
 
 
22,535

 
 
 
20,845

 
 
        Deferred Net Origination Fees
37,485

 
 
 
37,621

 
 
 
37,763

 
 
        Sub-Total
521,395

 
 
 
539,511

 
 
 
593,767

 
 
 
$
8,148,322

 
 
 
$
8,253,917

 
 
 
$
8,420,988

 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
Net Loan Portfolio by Category (a)
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,481,766

 
67.3%
 
$
5,534,420

 
67.1%
 
$
5,464,292

 
64.9%
     Construction - Speculative
79,687

 
1.0
 
89,843

 
1.1
 
99,261

 
1.2
     Construction - Custom
188,735

 
2.3
 
189,248

 
2.3
 
199,257

 
2.4
     Land - Acquisition & Development
64,367

 
0.8
 
65,507

 
0.8
 
84,922

 
1.0
     Land - Consumer Lot Loans
107,291

 
1.3
 
103,148

 
1.2
 
100,789

 
1.2
     Multi-Family
886,676

 
10.9
 
900,292

 
10.9
 
934,864

 
11.1
     Commercial Real Estate
664,336

 
8.2
 
689,672

 
8.4
 
748,850

 
8.9
     Commercial & Industrial
410,285

 
5.0
 
421,613

 
5.1
 
438,047

 
5.2
     HELOC
131,153

 
1.6
 
132,188

 
1.6
 
133,662

 
1.6
     Consumer
134,027

 
1.6
 
127,986

 
1.6
 
217,044

 
2.6
 
$
8,148,322

 
100.0%
 
$
8,253,917

 
100.0%
 
$
8,420,988

 
100.0%
(a) Excludes covered loans
 
 
 
 
 
 
 
 
 
 
 

4
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

 
 AS OF 9/30/14
 
 AS OF 12/31/14
 
 AS OF 3/31/15
Deposits by State
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
     WA
$
4,978,005

 
46.4
%
 
81

 
$
4,910,659

 
46.4
%
 
81

 
$
5,028,312

 
47.0
%
 
82

     ID
810,841

 
7.6

 
27

 
796,119

 
7.5

 
26

 
797,117

 
7.5

 
26

     OR
2,008,862

 
18.7

 
49

 
1,987,015

 
18.8

 
49

 
1,991,272

 
18.6

 
49

     UT
309,062

 
2.9

 
10

 
303,516

 
2.9

 
10

 
299,222

 
2.8

 
10

     NV
362,887

 
3.4

 
14

 
357,952

 
3.4

 
11

 
349,807

 
3.3

 
11

     TX
92,260

 
0.9

 
5

 
87,937

 
0.8

 
5

 
89,890

 
0.8

 
5

     AZ
1,275,153

 
11.9

 
36

 
1,260,182

 
11.9

 
36

 
1,244,294

 
11.6

 
35

     NM
879,858

 
8.2

 
29

 
875,473

 
8.3

 
29

 
892,711

 
8.3

 
29

     Total
$
10,716,928

 
100.0
%
 
251

 
$
10,578,853

 
100.0
%
 
247

 
$
10,692,625

 
100.0
%
 
247

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits by Type
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
Checking (noninterest)
$
883,601

 
8.2
%
 
 
 
$
870,981

 
8.2
%
 
 
 
$
922,589

 
8.6
%
 
 
NOW (interest)
1,447,569

 
13.5

 
 
 
1,436,922

 
13.6

 
 
 
1,574,294

 
14.7

 
 
Savings (passbook/stmt)
622,546

 
5.8

 
 
 
640,731

 
6.1

 
 
 
663,863

 
6.2

 
 
Money Market
2,536,971

 
23.7

 
 
 
2,515,564

 
23.8

 
 
 
2,547,050

 
23.8

 
 
CD's
5,226,241

 
48.8

 
 
 
5,114,655

 
48.3

 
 
 
4,984,829

 
46.6

 
 
Total
$
10,716,928

 
100.0
%
 
 
 
$
10,578,853

 
100.0
%
 
 
 
$
10,692,625

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits greater than $250,000 - EOP
$
1,887,216

 
 
 
 
 
$
1,838,690

 
 
 
 
 
$
1,998,536

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

5
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

 
 AS OF 9/30/14
 
 AS OF12/31/14
 
 AS OF 3/31/15
Non-Performing Assets
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Non-accrual loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
74,067

 
84.7%
 
$
74,415

 
75.7%
 
$
60,781

 
79.0%
     Construction - Speculative
1,477

 
1.7
 
1,329

 
1.4
 
1,152

 
1.5
     Construction - Custom
—

 
—
 
—

 
—
 
—

 
—
     Land - Acquisition & Development
811

 
0.9
 
—

 
—
 
—

 
—
     Land - Consumer Lot Loans
2,637

 
3.0
 
2,260

 
2.3
 
2,458

 
3.2
     Multi-Family
1,742

 
2.0
 
1,019

 
1.0
 
—

 
—
     Commercial Real Estate
5,106

 
5.8
 
15,970

 
16.2
 
5,735

 
7.5
     Commercial & Industrial
7

 
—
 
673

 
0.7
 
5,018

 
6.5
     HELOC
795

 
0.9
 
1,454

 
1.5
 
1,175

 
1.5
     Consumer
789

 
0.9
 
1,233

 
1.3
 
576

 
0.7
        Total non-accrual loans
87,431

 
100.0%
 
98,353

 
100.0%
 
76,895

 
100.0%
Total REO
55,072

 
 
 
61,970

 
 
 
69,756

 
 
Total REHI
4,808

 
 
 
3,994

 
 
 
6,551

 
 
Total non-performing assets
$
147,311

 
 
 
$
164,317

 
 
 
$
153,202

 
(b)
(b) Includes $10 million from former Horizon Bank
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total non-performing assets as a
 
 
 
 
 
 
 
 
 
 
 
     % of total assets
1.00
%
 
 
 
1.13
%
 
 
 
1.05
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 

6
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

 
9/14 QTR
 
12/14 QTR
 
3/15 QTR
 
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Restructured loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
323,732

 
86.4
 
$
304,784

 
86.6
 
$
290,950

 
85.6
     Construction - Speculative
7,360

 
2.0
 
6,651

 
1.9
 
6,408

 
1.9
     Construction - Custom
—

 
—
 
—

 
—
 
—

 
—
     Land - Acquisition & Development
4,737

 
1.3
 
4,238

 
1.2
 
4,179

 
1.2
     Land - Consumer Lot Loans
13,002

 
3.5
 
12,528

 
3.6
 
12,501

 
3.7
     Multi-Family
5,243

 
1.4
 
4,141

 
1.2
 
3,862

 
1.1
     Commercial Real Estate
19,140

 
5.1
 
18,028

 
5.1
 
20,673

 
6.1
     Commercial & Industrial
—

 
—
 
—

 
—
 
—

 
—
     HELOC
1,486

 
0.4
 
1,486

 
0.4
 
1,394

 
0.4
     Consumer
43

 
—
 
126

 
—
 
122

 
—
        Total restructured loans
$
374,743

 
100.0%
 
$
351,982

 
100.0%
 
$
340,089

 
100.0%
 
 
 
 
 
 
 
 
 
 
 
 
Restructured loans were as follows:
 
 
 
 
 
 
 
 
 
 
 
     Performing
$
350,653

 
93.6%
 
$
333,854

 
94.8%
 
$
327,386

 
96.3%
     Non-performing (c)
24,090

 
6.4
 
18,128

 
5.2
 
12,703

 
3.7
     Total restructured loans
$
374,743

 
100.0%
 
$
351,982

 
100.0%
 
$
340,089

 
100.0%
     (c) Included in "Total non-accrual loans" above
 
 
 
 
 
 
 
 
 
 
 

7
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

 
9/14 QTR
 
12/14 QTR
 
3/15 QTR
 
AMOUNT
 
CO % (d)
 
AMOUNT
 
CO % (d)
 
AMOUNT
 
CO % (d)
Net Charge-offs by Category
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
(833
)
 
(0.06)%
 
$
(859
)
 
(0.06)%
 
$
(2,713
)
 
(0.20)%
     Construction - Speculative
11

 
0.03
 
388

 
1.02
 
(75
)
 
(0.18)
     Construction - Custom
—

 
—
 
—

 
—
 
—

 
—
     Land - Acquisition & Development
(2,248
)
 
(11.19)
 
37

 
0.17
 
(204
)
 
(0.76)
     Land - Consumer Lot Loans
99

 
0.36
 
35

 
0.13
 
17

 
0.07
     Multi-Family
—

 
—
 
(220
)
 
(0.09)
 
—

 
—
     Commercial Real Estate
(9
)
 
—
 
(1
)
 
—
 
(453
)
 
(0.20)
     Commercial & Industrial
(1,670
)
 
(1.54)
 
(34
)
 
(0.03)
 
338

 
0.29
     HELOC
30

 
0.09
 
—

 
—
 
—

 
—
     Consumer
13

 
0.04
 
(187
)
 
(0.57)
 
(33
)
 
(0.06)
        Total net charge-offs
$
(4,607
)
 
(0.21)%
 
$
(841
)
 
(0.04)%
 
$
(3,123
)
 
(0.14)%
     (d) Annualized Net Charge-offs divided by Gross Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SOP 03-3
 
 
 
 
 
 
 
 
 
 
 
Accretable Yield
$
97,221

 
 
 
$
89,743

 
 
 
$
91,290

 
 
Non-Accretable Yield
179,343

 
 
 
179,343

 
 
 
167,603

 
 
Total Contractual Payments
$
276,564

 
 
 
$
269,086

 
 
 
$
258,893

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Risk
 
 
 
 
 
 
 
 
 
 
 
One Year GAP
 
 
(11.3
)%
 
 
 
(11.0
)%
 
 
 
(10.3
)%
NPV post 200 bps shock (e)
 
 
15.68
 %
 
 
 
16.56
 %
 
 
 
16.5
 %
Change in NII after 200 bps shock (e)
 
 
(1.5
)%
 
 
 
(1.4
)%
 
 
 
(1.1
)%
(e) Assumes no balance sheet management
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CD's Repricing
Amount
 
Rate
 
Amount
 
Rate
 
Amount
 
Rate
Within 3 months
$
898,995

 
0.58
 %
 
$
1,207,396

 
0.63
 %
 
$
612,836

 
0.60
 %
From 4 to 6 months
1,180,349

 
0.65
 %
 
856,224

 
0.61
 %
 
883,166

 
0.50
 %
From 7 to 9 months
544,350

 
0.79
 %
 
500,584

 
0.63
 %
 
708,921

 
0.58
 %
From 10 to 12 months
484,519

 
0.64
 %
 
539,262

 
0.68
 %
 
745,590

 
0.47
 %

8
Washington Federal, Inc.
Fact Sheet
March 31, 2015
($ in Thousands)

Historical CPR Rates (f)
 
 
 
 
 
 
 
 
 
WAFD
 
WAFD
 
 
 
 
 
 
 
 
Average for Quarter Ended:
SFR Mortgages
 
GSE MBS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3/31/2013
24.0
%
 
21.7
%
 
 
 
 
 
 
 
 
6/30/2013
26.8
%
 
17.4
%
 
 
 
 
 
 
 
 
9/30/2013
21.4
%
 
15.9
%
 
 
 
 
 
 
 
 
12/31/2013
13.5
%
 
8.7
%
 
 
 
 
 
 
 
 
3/31/2014
10.1
%
 
8.5
%
 
 
 
 
 
 
 
 
6/30/2014
13.8
%
 
10.6
%
 
 
 
 
 
 
 
 
9/30/2014
14.6
%
 
13.4
%
 
 
 
 
 
 
 
 
12/31/2014
15.9
%
 
12.1
%
 
 
 
 
 
 
 
 
3/31/2015
16.4
%
 
13.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(f) 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
Washington Federal, Inc.
Fact Sheet
March 31, 2015
Average Balance Sheet
($ in Thousands)

 
Quarters Ended
 
September 30, 2014
 
December 31, 2014
 
March 31, 2015
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and covered loans
$
8,208,948

 
$
109,200

 
5.28
%
 
$
8,367,285

 
$
108,293

 
5.13
%
 
$
8,487,458

 
$
109,275

 
5.22
%
Mortgage-backed securities
3,306,826

 
19,313

 
2.32

 
3,191,365

 
19,175

 
2.38

 
3,070,002

 
18,144

 
2.40

Cash & Investments
2,088,492

 
6,196

 
1.18

 
1,876,824

 
5,415

 
1.14

 
1,688,076

 
4,813

 
1.16

FHLB & FRB Stock
162,282

 
368

 
0.90

 
158,194

 
401

 
1.01

 
154,342

 
399

 
1.05

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-earning assets
13,766,548

 
135,077

 
3.89
%
 
13,593,668

 
133,284

 
3.89
%
 
13,399,878

 
132,630

 
4.01
%
Other assets
1,032,575

 
 
 
 
 
1,062,770

 
 
 
 
 
1,150,996

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
14,799,123

 
 
 
 
 
$
14,656,438

 
 
 
 
 
$
14,550,874

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer accounts
10,801,665

 
14,007

 
0.51
%
 
10,680,974

 
13,445

 
0.5
%
 
10,659,570

 
12,574

 
0.48
%
FHLB advances
1,930,000

 
17,676

 
3.63

 
1,920,217

 
17,656

 
3.65

 
1,830,000

 
16,176

 
3.58

Other borrowings
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-bearing liabilities
12,731,665

 
31,683

 
0.99
%
 
12,601,191

 
31,101

 
0.98
%
 
12,489,570

 
28,750

 
0.93
%
Other liabilities
86,969

 
 
 
 
 
95,026

 
 
 
 
 
114,628

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities
12,818,634

 
 
 
 
 
12,696,217

 
 
 
 
 
12,604,198

 
 
 
 
Stockholders’ equity
1,980,489

 
 
 
 
 
1,960,221

 
 
 
 
 
1,946,676

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and equity
$
14,799,123

 
 
 
 
 
$
14,656,438

 
 
 
 
 
$
14,550,874

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
 
$
103,394

 
 
 
 
 
$
102,183

 
 
 
 
 
$
103,881

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest margin
 
 
 
 
3.00
%
 
 
 
 
 
3.01
%
 
 
 
 
 
3.10
%
 
 
 
 
 
 
 
 
 
 
 
 
(Annualized net interest income divided by average interest-earning assets)
 
 
 
 
 
 
 
 
 
 
 


10
Washington Federal, Inc.
Fact Sheet
March 31, 2015
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 $
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
28,365

 
195

 
$
5,543,851

 
92

 
41

 
243

 
376

 
1.33
%
 
$
78,895

 
1.42
%
     Construction - Speculative
 
577

 
183

 
105,568

 
23

 
—

 
2

 
25

 
4.33
%
 
2,525

 
2.39
%
     Construction - Custom
 
766

 
263

 
201,777

 
2

 
2

 
—

 
4

 
0.52
%
 
1,169

 
0.58
%
     Land - Acquisition & Development
 
144

 
654

 
94,179

 
—

 
—

 
2

 
2

 
1.39
%
 
868

 
0.92
%
     Land - Consumer Lot Loans
 
1,271

 
82

 
104,477

 
6

 
4

 
20

 
30

 
2.36
%
 
3,621

 
3.47
%
     Multi-Family
 
994

 
951

 
944,937

 
1

 
—

 
3

 
4

 
0.40
%
 
947

 
0.10
%
     Commercial Real Estate
 
983

 
830

 
815,978

 
3

 
4

 
9

 
16

 
1.63
%
 
10,670

 
1.31
%
     Commercial & Industrial
 
1,140

 
416

 
474,090

 
1

 
—

 
4

 
5

 
0.44
%
 
2,994

 
0.63
%
     HELOC
 
2,084

 
65

 
136,439

 
7

 
3

 
9

 
19

 
0.91
%
 
1,393

 
1.02
%
     Consumer
 
5,921

 
37

 
221,525

 
111

 
33

 
42

 
186

 
3.14
%
 
1,064

 
0.48
%
 
 
42,245

 
205

 
$
8,642,822

 
246

 
87

 
334

 
667

 
1.58
%
 
$
104,145

 
1.20
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
28,741

 
195

 
$
5,617,403

 
104

 
43

 
283

 
430

 
1.50
%
 
$
87,341

 
1.55
%
     Construction - Speculative
 
524

 
182

 
95,367

 
1

 
—

 
—

 
1

 
0.19
%
 
168

 
0.18
%
     Construction - Custom
 
799

 
240

 
191,787

 
3

 
1

 
—

 
4

 
0.50
%
 
117

 
0.06
%
     Land - Acquisition & Development
 
130

 
560

 
72,752

 
1

 
—

 
—

 
1

 
0.77
%
 
2,339

 
3.22
%
     Land - Consumer Lot Loans
 
1,295

 
83

 
106,939

 
11

 
3

 
25

 
39

 
3.01
%
 
4,614

 
4.31
%
     Multi-Family
 
980

 
928

 
909,249

 
—

 
—

 
4

 
4

 
0.41
%
 
763

 
0.08
%
     Commercial Real Estate
 
886

 
804

 
712,154

 
6

 
2

 
9

 
17

 
1.92
%
 
22,703

 
3.19
%
     Commercial & Industrial
 
1,091

 
413

 
450,675

 
4

 
—

 
4

 
8

 
0.73
%
 
1,537

 
0.34
%
     HELOC
 
2,071

 
65

 
135,093

 
4

 
2

 
10

 
16

 
0.77
%
 
1,642

 
1.22
%
     Consumer
 
6,464

 
20

 
131,352

 
132

 
46

 
65

 
243

 
3.76
%
 
2,252

 
1.71
%
 
 
42,981

 
196

 
$
8,422,772

 
266

 
97

 
400

 
763

 
1.78
%
 
$
123,476

 
1.47
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
28,886

 
193

 
$
5,569,794

 
99

 
52

 
295

 
446

 
1.54
%
 
$
90,538

 
1.63
%
     Construction - Speculative
 
476

 
183

 
87,035

 
—

 
—

 
—

 
—

 
—
%
 
—

 
—
%
     Construction - Custom
 
811

 
237

 
192,098

 
4

 
—

 
—

 
4

 
0.49
%
 
836

 
0.44
%
     Land - Acquisition & Development
 
129

 
547

 
70,552

 
1

 
—

 
—

 
1

 
0.78
%
 
155

 
0.22
%
     Land - Consumer Lot Loans
 
1,320

 
84

 
111,091

 
13

 
5

 
21

 
39

 
2.95
%
 
4,388

 
3.95
%
     Multi-Family
 
989

 
905

 
895,195

 
1

 
1

 
3

 
5

 
0.51
%
 
824

 
0.09
%
     Commercial Real Estate
 
896

 
771

 
690,881

 
3

 
3

 
9

 
15

 
1.67
%
 
18,811

 
2.72
%
     Commercial & Industrial
 
1,049

 
414

 
434,032

 
4

 
3

 
2

 
9

 
0.86
%
 
1,485

 
0.34
%
     HELOC
 
2,043

 
66

 
134,456

 
5

 
3

 
8

 
16

 
0.78
%
 
1,497

 
1.11
%
     Consumer
 
6,970

 
20

 
138,411

 
131

 
59

 
64

 
254

 
3.64
%
 
1,731

 
1.25
%
 
 
43,569

 
191

 
$
8,323,545

 
261

 
126

 
402

 
789

 
1.81
%
 
$
120,265

 
1.44
%

11