EX-99.2 3 exhibit992_sep2016factsheet.htm EXHIBIT 99.2 Exhibit
Exhibit 99.2
Washington Federal, Inc.
Fact Sheet
September 30, 2016
($ in Thousands)



 
 
 
 
 
 
 
 
 
 
 
 
 
 As of 3/16
 
 
 
 As of 6/16
 
 
 
 As of 9/16
 
 
Loan Loss Reserve - Total
$
113,004

 
 
 
$
114,251

 
 
 
$
116,729

 
 
     General and Specific Allowance
109,919

 
 
 
111,016

 
 
 
113,494

 
 
     Commitments Reserve
3,085

 
 
 
3,235

 
 
 
3,235

 
 
    Allowance as a % of Gross Loans
1.10
%
 
 
 
1.08
%
 
 
 
1.07
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 3/16 QTR
 
 3/16 YTD
 
 6/16 QTR
 
 6/16 YTD
 
 9/16 QTR
 
 9/16 YTD
Loan Originations - Total
$
763,323

 
$
1,726,642

 
$
1,031,461

 
$
2,758,103

 
$
1,190,431

 
$
3,948,534

     Single-Family Residential
129,778

 
262,250

 
194,141

 
456,391

 
236,184

 
692,575

     Construction
198,286

 
327,822

 
342,230

 
670,052

 
230,597

 
900,649

     Construction - Custom
91,358

 
180,119

 
97,602

 
277,721

 
144,095

 
421,816

     Land - Acquisition & Development
13,528

 
19,250

 
14,305

 
33,555

 
25,956

 
59,511

     Land - Consumer Lot Loans
6,171

 
11,439

 
7,817

 
19,256

 
10,405

 
29,661

     Multi-Family
91,757

 
224,756

 
73,225

 
297,981

 
63,280

 
361,261

     Commercial Real Estate
21,001

 
201,789

 
62,706

 
264,495

 
88,770

 
353,265

     Commercial & Industrial
194,410

 
464,782

 
216,687

 
681,469

 
370,481

 
1,051,950

     HELOC
16,221

 
32,923

 
21,733

 
54,656

 
19,882

 
74,538

     Consumer
813

 
1,512

 
1,015

 
2,527

 
781

 
3,308

 
 
 
 
 
 
 
 
 
 
 
 
Purchased Loans (including acquisitions)
$
—

 
$
51,646

 
$
—

 
$
51,646

 
$
53,774

 
$
105,420

 
 
 
 
 
 
 
 
 
 
 
 
Net Loan Fee and Discount Accretion
$
8,080

 
$
16,477

 
$
6,691

 
$
23,168

 
$
6,730

 
$
29,898

 
 
 
 
 
 
 
 
 
 
 
 
Repayments
 
 
 
 
 
 
 
 
 
 
 
Loans
$
581,210

 
$
1,307,502

 
$
776,087

 
$
2,083,589

 
$
851,578

 
$
2,935,167

MBS
89,416

 
192,177

 
128,467

 
320,644

 
142,329

 
462,973

 
 
 
 
 
 
 
 
 
 
 
 
MBS Premium Amortization
$
2,642

 
$
5,444

 
$
3,514

 
$
8,958

 
$
3,962

 
$
12,920

 
 
 
 
 
 
 
 
 
 
 
 
Efficiency
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses/Average Assets
1.62
%
 
1.70
%
 
1.52
%
 
1.64
%
 
1.49
%
 
1.60
%
Efficiency Ratio (%)
50.60
%
 
52.75
%
 
49.08
%
 
51.55
%
 
48.54
%
 
50.80
%
Amortization of Intangibles
$
606

 
$
1,245

 
$
576

 
$
1,821

 
$
548

 
$
2,369

 
 
 
 
 
 
 
 
 
 
 
 
EOP Numbers
 
 
 
 
 
 
 
 
 
 
 
Shares Issued and Outstanding
91,270,241

 
 
 
90,226,193

 
 
 
89,680,847

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share repurchase information
 
 
 
 
 
 
 
 
 
 
 
Remaining shares authorized for repurchase (a)
2,138,706

 
 
 
1,041,309

 
 
 
5,039,310

 
 
Shares repurchased
1,639,442

 
2,062,524

 
1,097,397

 
3,159,921

 
707,642

 
3,867,563

Average share repurchase price
$
21.05

 
$
21.55

 
$
23.33

 
$
22.17

 
$
25.20

 
$
22.72

(a) Remaining shares authorized for repurchase at September 30, 2016 reflects a reduction of 294,357 related to warrants repurchased in September 2016.


1
Washington Federal, Inc.
Fact Sheet
September 30, 2016
($ in Thousands)

Tangible Common Book Value
As of 3/16
 
 
 
As of 6/16
 
 
 
As of 9/16
 
 
$ Amount
$
1,664,347

 
 
 
$
1,664,648

 
 
 
$
1,678,742

 
 
Per Share
18.24

 
 
 
18.45

 
 
 
18.72

 
 
 
 
 
 
 
 
 
 
 
 
 
 
# of Employees
1,837

 
 
 
1,817

 
 
 
1,806

 
 
Investments
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,197,346

 
 
 
$
1,131,044

 
 
 
$
1,072,912

 
 
     Other
899,740

 
 
 
838,825

 
 
 
849,982

 
 
 
$
2,097,086

 
 
 
$
1,969,869

 
 
 
$
1,922,894

 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,558,087

 
 
 
$
1,492,480

 
 
 
$
1,417,599

 
 
 
$
1,558,087

 
 
 
$
1,492,480

 
 
 
$
1,417,599

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 As of 3/31/16
 
 As of 6/30/16
 
 As of 9/30/16
Loans Receivable by Category (a)
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,661,999

 
54.9%
 
$
5,633,527

 
53.3%
 
$
5,658,830

 
51.7%
     Construction
788,412

 
7.6
 
1,016,305

 
9.6
 
1,110,411

 
10.1
     Construction - Custom
398,797

 
3.9
 
409,116

 
3.9
 
473,069

 
4.3
     Land - Acquisition & Development
104,272

 
1.0
 
104,412

 
1.0
 
118,497

 
1.1
     Land - Consumer Lot Loans
103,582

 
1.0
 
104,461

 
1.0
 
104,567

 
1.0
     Multi-Family
1,079,909

 
10.5
 
1,100,514

 
10.4
 
1,124,290

 
10.3
     Commercial Real Estate
1,003,413

 
9.7
 
1,042,730

 
9.9
 
1,093,639

 
10.0
     Commercial & Industrial
851,367

 
8.3
 
853,776

 
8.1
 
978,589

 
8.9
     HELOC
148,045

 
1.4
 
151,352

 
1.4
 
149,716

 
1.4
     Consumer
166,877

 
1.6
 
156,008

 
1.5
 
139,000

 
1.3
 
10,306,673

 
100%
 
10,572,201

 
100%
 
10,950,608

 
100%
     Less:
 
 
 
 
 
 
 
 
 
 
 
        ALL
109,919

 
 
 
111,016

 
 
 
113,494

 
 
        Loans in Process
591,667

 
 
 
780,720

 
 
 
879,484

 
 
        Discount on Acquired Loans
21,120

 
 
 
14,776

 
 
 
11,306

 
 
        Deferred Origination Fees, Net
38,645

 
 
 
37,113

 
 
 
35,404

 
 
        Sub-Total
761,351

 
 
 
943,625

 
 
 
1,039,688

 
 
 
$
9,545,322

 
 
 
$
9,628,576

 
 
 
$
9,910,920

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loan Portfolio by Category (a)
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,595,908

 
58.6%
 
$
5,571,349

 
57.9%
 
$
5,601,350

 
56.5%
     Construction
377,640

 
4.0
 
422,785

 
4.4
 
475,022

 
4.8
     Construction - Custom
209,551

 
2.2
 
211,002

 
2.2
 
227,348

 
2.3
     Land - Acquisition & Development
85,711

 
0.9
 
85,392

 
0.9
 
88,408

 
0.9
     Land - Consumer Lot Loans
100,469

 
1.1
 
101,395

 
1.1
 
101,435

 
1.0
     Multi-Family
1,069,004

 
11.2
 
1,089,658

 
11.3
 
1,113,661

 
11.2
     Commercial Real Estate
978,328

 
10.2
 
1,021,596

 
10.6
 
1,074,146

 
10.8
     Commercial & Industrial
819,273

 
8.6
 
822,829

 
8.5
 
945,150

 
9.5
     HELOC
145,593

 
1.5
 
149,213

 
1.5
 
147,737

 
1.5
     Consumer
163,845

 
1.7
 
153,357

 
1.6
 
136,663

 
1.4
 
$
9,545,322

 
100%
 
$
9,628,576

 
100%
 
$
9,910,920

 
100%
   (a) Some loans have been reclassified by loan type as a result of system conversion in 1Q16, primarily impacting Construction, Multi-family and Commercial Real Estate.

2
Washington Federal, Inc.
Fact Sheet
September 30, 2016
($ in Thousands)

 
As of 3/31/16
 
 
 
As of 6/30/16
 
 
 
As of 9/30/16
 
 
Deposits by State
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
     Washington (WA)
$
5,031,630

 
47.7
%
 
82

 
$
5,089,214

 
48.1
%
 
82

 
$
5,100,754

 
48.1
%
 
81

     Idaho (ID)
783,049

 
7.4

 
26

 
774,432

 
7.3

 
26

 
782,413

 
7.4

 
25

     Oregon (OR)
1,955,608

 
18.5

 
49

 
1,956,226

 
18.5

 
49

 
1,964,173

 
18.5

 
48

     Utah (UT)
289,878

 
2.7

 
10

 
286,792

 
2.7

 
10

 
285,234

 
2.7

 
10

     Nevada (NV)
342,121

 
3.2

 
11

 
343,220

 
3.2

 
11

 
340,324

 
3.2

 
11

     Texas (TX)
90,869

 
0.9

 
5

 
92,983

 
0.9

 
5

 
94,113

 
0.9

 
5

     Arizona (AZ)
1,186,739

 
11.3

 
32

 
1,187,651

 
11.2

 
32

 
1,188,335

 
11.2

 
31

     New Mexico (NM)
863,490

 
8.2

 
28

 
848,398

 
8.0

 
28

 
845,506

 
8.0

 
27

     Total
$
10,543,384

 
100%
 
243

 
$
10,578,916

 
100%
 
243

 
$
10,600,852

 
100%
 
238

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits by Type
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
Checking (noninterest)
$
1,019,401

 
9.7
%
 
 
 
$
1,041,258

 
9.8
%
 
 
 
$
1,091,738

 
10.3
%
 
 
NOW (interest)
1,606,071

 
15.2

 
 
 
1,604,741

 
15.2

 
 
 
1,629,983

 
15.4

 
 
Savings (passbook/stmt)
779,814

 
7.4

 
 
 
787,441

 
7.4

 
 
 
820,980

 
7.7

 
 
Money Market
2,470,958

 
23.4

 
 
 
2,486,802

 
23.5

 
 
 
2,462,891

 
23.2

 
 
Time Deposits
4,667,140

 
44.3

 
 
 
4,658,674

 
44.0

 
 
 
4,595,260

 
43.3

 
 
Total
$
10,543,384

 
100%
 
 
 
$
10,578,916

 
100%
 
 
 
$
10,600,852

 
100%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits greater than $250,000 - EOP
$
2,112,381

 
 
 
 
 
$
2,209,547

 
 
 
 
 
$
2,250,622

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Time Deposit Repricing
Amount
 
Rate
 
 
 
Amount
 
Rate
 
 
 
Amount
 
Rate
 
 
Within 3 months
$
780,751

 
0.55
%
 
 
 
$
890,691

 
0.64
%
 
 
 
$
824,019

 
0.82
%
 
 
From 4 to 6 months
860,689

 
0.67
%
 
 
 
787,925

 
0.86
%
 
 
 
896,484

 
0.80
%
 
 
From 7 to 9 months
505,045

 
1.12
%
 
 
 
562,314

 
1.02
%
 
 
 
618,180

 
0.89
%
 
 
From 10 to 12 months
544,445

 
1.04
%
 
 
 
585,038

 
0.90
%
 
 
 
508,732

 
0.83
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-Performing Assets
 AMOUNT
 
 %
 
 
 
 AMOUNT
 
 %
 
 
 
 AMOUNT
 
 %
 
 
Non-accrual loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
42,395

 
77.7%
 
 
 
$
36,707

 
77.5%
 
 
 
$
33,148

 
78.2%
 
 
     Construction
—

 
—
 
 
 
—

 
—
 
 
 
—

 
—
 
 
     Construction - Custom
67

 
0.1
 
 
 
506

 
1.1
 
 
 
—

 
—
 
 
     Land - Acquisition & Development
477

 
0.9
 
 
 
427

 
0.9
 
 
 
58

 
0.1
 
 
     Land - Consumer Lot Loans
940

 
1.7
 
 
 
1,105

 
2.3
 
 
 
510

 
1.2
 
 
     Multi-Family
1,520

 
2.8
 
 
 
1,238

 
2.6
 
 
 
776

 
1.8
 
 
     Commercial Real Estate
7,701

 
14.1
 
 
 
6,297

 
13.3
 
 
 
7,100

 
16.7
 
 
     Commercial & Industrial
596

 
1.1
 
 
 
521

 
1.1
 
 
 
583

 
1.4
 
 
     HELOC
554

 
1.0
 
 
 
548

 
1.2
 
 
 
239

 
0.6
 
 
     Consumer
309

 
0.6
 
 
 
—

 
—
 
 
 
—

 
—
 
 
        Total non-accrual loans
54,559

 
100%
 
 
 
47,349

 
100%
 
 
 
42,414

 
100%
 
 
Real Estate Owned
38,770

 
 
 
 
 
31,682

 
 
 
 
 
29,027

 
 
 
 
Total non-performing assets
$
93,329

 
 
 
 
 
$
79,031

 
 
 
 
 
$
71,441

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-performing loans as % of total net loans
0.57
%
 
 
 
 
 
0.49
%
 
 
 
 
 
0.43
%
 
 
 
 
Non-performing assets as % of total assets
0.64
%
 
 
 
 
 
0.53
%
 
 
 
 
 
0.48
%
 
 
 
 

3
Washington Federal, Inc.
Fact Sheet
September 30, 2016
($ in Thousands)

 
As of 3/31/16
 
As of 6/30/16
 
As of 9/30/16
 
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Restructured loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
233,544

 
86.4%
 
$
223,531

 
86.6%
 
$
210,490

 
86.7%
     Construction
—

 
—
 
—

 
—
 
—

 
—
     Construction - Custom
—

 
—
 
—

 
—
 
—

 
—
     Land - Acquisition & Development
1,632

 
0.6
 
1,454

 
0.6
 
1,154

 
0.5
     Land - Consumer Lot Loans
9,981

 
3.7
 
9,672

 
3.7
 
8,660

 
3.6
     Multi-Family
1,522

 
0.6
 
1,514

 
0.6
 
880

 
0.4
     Commercial Real Estate
22,139

 
8.2
 
20,490

 
7.9
 
20,058

 
8.3
     Commercial & Industrial
—

 
—
 
—

 
—
 
—

 
—
     HELOC
1,396

 
0.5
 
1,379

 
0.5
 
1,380

 
0.6
     Consumer
94

 
—
 
95

 
—
 
92

 
—
        Total restructured loans
$
270,308

 
100%
 
$
258,135

 
100%
 
$
242,714

 
100%
 
 
 
 
 
 
 
 
 
 
 
 
Restructured loans were as follows:
 
 
 
 
 
 
 
 
 
 
 
     Performing
$
257,600

 
95.3%
 
$
247,695

 
96.0%
 
$
233,204

 
96.1%
     Non-performing (c)
12,708

 
4.7
 
10,440

 
4.0
 
9,510

 
3.9
     Total restructured loans
$
270,308

 
100%
 
$
258,135

 
100%
 
$
242,714

 
100%
     (c) Included in "Total non-accrual loans" above
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AMOUNT
 
CO % (d)
 
AMOUNT
 
CO % (d)
 
AMOUNT
 
CO % (d)
Net Charge-offs (Recoveries) by Category
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
915

 
0.06%
 
$
473

 
0.03%
 
$
(204
)
 
(0.01)%
     Construction
5

 
—
 
(207
)
 
(0.08)
 
(388
)
 
(0.14)
     Construction - Custom
—

 
—
 
(60
)
 
(0.06)
 
—

 
—
     Land - Acquisition & Development
(3,371
)
 
(12.93)
 
(2,711
)
 
(10.39)
 
(2,063
)
 
(6.96)
     Land - Consumer Lot Loans
268

 
1.03
 
21

 
0.08
 
29

 
0.11
     Multi-Family
—

 
—
 
—

 
—
 
—

 
—
     Commercial Real Estate
(983
)
 
(0.39)
 
(454
)
 
(0.17)
 
(172
)
 
(0.06)
     Commercial & Industrial
(259
)
 
(0.12)
 
144

 
0.07
 
(2,123
)
 
(0.87)
     HELOC
26

 
0.07
 
27

 
0.07
 
—

 
—
     Consumer
(119
)
 
(0.29)
 
(130
)
 
(0.33)
 
(657
)
 
(1.89)
        Total net charge-offs (recoveries)
$
(3,518
)
 
(0.14)%
 
$
(2,897
)
 
(0.11)%
 
$
(5,578
)
 
(0.20)%
     (d) Annualized Net Charge-offs (recoveries) divided by Gross Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASC 310-30 Acquired Loans
 
 
 
 
 
 
 
 
 
 
 
Accretable Yield
$
64,457

 
 
 
$
60,453

 
 
 
$
55,290

 
 
Non-Accretable Yield
167,603

 
 
 
165,926

 
 
 
165,926

 
 
Total Contractual Payments
$
232,060

 
 
 
$
226,379

 
 
 
$
221,216

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Risk
 
 
 
 
 
 
 
 
 
 
 
One Year GAP
 
 
(12.7
)%
 
 
 
(9.8
)%
 
 
 
(10.1
)%
NPV post 200 bps shock (e)
 
 
15.6
 %
 
 
 
15.4
 %
 
 
 
14.8
 %
Change in NII after 200 bps shock (e)
 
 
1.4
 %
 
 
 
3.9
 %
 
 
 
3.2
 %
(e) Assumes no balance sheet management actions taken
 
 
 
 
 
 
 
 
 
 
 

4
Washington Federal, Inc.
Fact Sheet
September 30, 2016
($ in Thousands)


Historical CPR Rates (f)
 
 
 
 
 
 
 
 
 
WAFD
 
WAFD
 
 
 
 
 
 
 
 
Average for Quarter Ended:
SFR Mortgages
 
GSE MBS
 
 
 
 
 
 
 
 
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
%
 
 
 
 
 
 
 
 
6/30/2015
18.7
%
 
15.9
%
 
 
 
 
 
 
 
 
9/30/2015
17.8
%
 
14.5
%
 
 
 
 
 
 
 
 
12/31/2015
16.7
%
 
13.4
%
 
 
 
 
 
 
 
 
3/31/2016
13.9
%
 
12.0
%
 
 
 
 
 
 
 
 
6/30/2016
17.3
%
 
17.5
%
 
 
 
 
 
 
 
 
9/30/2016
17.7
%
 
20.0
%
 
 
 
 
 
 
 
 
(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.


5
Washington Federal, Inc.
Fact Sheet
September 30, 2016
Average Balance Sheet
($ in Thousands)

 
Quarters Ended
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans receivable
$
9,469,185

 
$
113,211

 
4.80
%
 
$
9,561,921

 
$
113,728

 
4.77
%
 
$
9,756,353

 
$
114,283

 
4.65
%
Mortgage-backed securities
2,804,569

 
16,846

 
2.41

 
2,698,354

 
15,297

 
2.27

 
2,568,917

 
13,820

 
2.13

Cash & investments
1,065,800

 
3,983

 
1.50

 
1,187,023

 
4,012

 
1.36

 
1,218,195

 
4,029

 
1.31

FHLB & FRB Stock
112,662

 
1,023

 
3.64

 
117,022

 
698

 
2.39

 
117,205

 
740

 
2.50

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-earning assets
13,452,216

 
135,063

 
4.03
%
 
13,564,320

 
133,735

 
3.95
%
 
13,660,670

 
132,872

 
3.86
%
Other assets
1,189,428

 
 
 
 
 
1,219,363

 
 
 
 
 
1,210,388

 
 
 
 
Total assets
$
14,641,644

 
 
 
 
 
$
14,783,683

 
 
 
 
 
$
14,871,058

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer accounts
10,558,835

 
13,071

 
0.50
%
 
10,569,479

 
13,274

 
0.50
%
 
10,610,740

 
13,423

 
0.50
%
FHLB advances
1,970,022

 
15,667

 
3.19

 
2,075,604

 
16,221

 
3.13

 
2,080,000

 
16,633

 
3.17

Other borrowings
—

 
—

 
—

 
—

 
—

 
—

 
33

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-bearing liabilities
12,528,857

 
28,738

 
0.92
%
 
12,645,083

 
29,495

 
0.94
%
 
12,690,773

 
30,056

 
0.94
%
Other liabilities
151,697

 
 
 
 
 
163,788

 
 
 
 
 
205,817

 
 
 
 
Total liabilities
12,680,554

 
 
 
 
 
12,808,871

 
 
 
 
 
12,896,590

 
 
 
 
Stockholders’ equity
1,961,090

 
 
 
 
 
1,974,812

 
 
 
 
 
1,974,468

 
 
 
 
Total liabilities and equity
$
14,641,644

 
 
 
 
 
$
14,783,683

 
 
 
 
 
$
14,871,058

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
 
$
106,325

 
 
 
 
 
$
104,240

 
 
 
 
 
$
102,816

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest margin (1)
 
 
 
 
3.16
%
 
 
 
 
 
3.07
%
 
 
 
 
 
3.01
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Annualized net interest income divided by average interest-earning assets


6
Washington Federal, Inc.
Fact Sheet
September 30, 2016
Delinquency Summary
($ 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 $
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
26,508

 
213

 
$
5,658,122

 
93

 
39

 
173

 
305

 
1.15
%
 
$
56,665

 
1.00
%
     Construction
 
640

 
779

 
498,450

 
—

 
—

 
1

 
1

 
0.16

 
—

 
—

     Construction - Custom
 
1,041

 
221

 
229,957

 
2

 
—

 
—

 
2

 
0.19

 
538

 
0.23

     Land - Acquisition & Development
 
132

 
719

 
94,928

 
—

 
—

 
3

 
3

 
2.27

 
—

 
—

     Land - Consumer Lot Loans
 
1,229

 
85

 
104,534

 
5

 
6

 
13

 
24

 
1.95

 
2,061

 
1.97

     Multi-Family
 
944

 
1,191

 
1,124,290

 
2

 
1

 
3

 
6

 
0.64

 
1,983

 
0.18

     Commercial Real Estate
 
1,074

 
1,018

 
1,093,549

 
1

 
2

 
10

 
13

 
1.21

 
4,868

 
0.45

     Commercial & Industrial
 
1,832

 
534

 
978,582

 
—

 
3

 
32

 
35

 
1.91

 
42

 
—

     HELOC
 
2,924

 
51

 
149,713

 
11

 
3

 
26

 
40

 
1.37

 
1,200

 
0.80

     Consumer
 
5,094

 
27

 
139,000

 
93

 
34

 
66

 
193

 
3.79

 
922

 
0.66

 
 
41,418

 
243

 
$
10,071,125

 
207

 
88

 
327

 
622

 
1.50
%
 
$
68,279

 
0.68
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
26,758

 
211

 
$
5,632,692

 
84

 
37

 
189

 
310

 
1.16
%
 
$
55,242

 
0.98
%
     Construction
 
684

 
649

 
444,014

 
—

 
—

 
1

 
1

 
0.15

 
—

 
—

     Construction - Custom
 
921

 
232

 
213,465

 
2

 
1

 
1

 
4

 
0.43

 
775

 
0.36

     Land - Acquisition & Development
 
135

 
686

 
92,629

 
—

 
—

 
5

 
5

 
3.70

 
468

 
0.51

     Land - Consumer Lot Loans
 
1,232

 
85

 
104,413

 
6

 
2

 
19

 
27

 
2.19

 
1,993

 
1.91

     Multi-Family
 
958

 
1,149

 
1,100,514

 
2

 
—

 
3

 
5

 
0.52

 
1,384

 
0.13

     Commercial Real Estate
 
1,055

 
988

 
1,042,639

 
4

 
3

 
14

 
21

 
1.99

 
7,811

 
0.75

     Commercial & Industrial
 
1,832

 
466

 
853,769

 
3

 
4

 
34

 
41

 
2.24

 
985

 
0.12

     HELOC
 
2,907

 
52

 
151,339

 
11

 
11

 
26

 
48

 
1.65

 
2,168

 
1.43

     Consumer
 
5,369

 
29

 
156,008

 
76

 
41

 
64

 
181

 
3.37

 
811

 
0.52

 
 
41,851

 
234

 
$
9,791,482

 
188

 
99

 
356

 
643

 
1.54
%
 
$
71,637

 
0.73
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
27,194

 
208

 
$
5,660,232

 
104

 
45

 
196

 
345

 
1.27
%
 
$
66,003

 
1.17
%
     Construction
 
689

 
575

 
396,322

 
—

 
—

 
8

 
8

 
1.16

 
141

 
0.04

     Construction - Custom
 
927

 
229

 
212,067

 
8

 
5

 
3

 
16

 
1.73

 
2,914

 
1.37

     Land - Acquisition & Development
 
142

 
657

 
93,354

 
2

 
—

 
6

 
8

 
5.63

 
1,926

 
2.06

     Land - Consumer Lot Loans
 
1,242

 
83

 
103,534

 
8

 
4

 
16

 
28

 
2.25

 
2,233

 
2.16

     Multi-Family
 
969

 
1,114

 
1,079,909

 
2

 
—

 
2

 
4

 
0.41

 
2,014

 
0.19

     Commercial Real Estate
 
1,060

 
947

 
1,003,320

 
5

 
1

 
8

 
14

 
1.32

 
7,902

 
0.79

     Commercial & Industrial
 
1,831

 
465

 
851,358

 
14

 
3

 
27

 
44

 
2.40

 
1,631

 
0.19

     HELOC
 
2,303

 
64

 
148,032

 
8

 
5

 
10

 
23

 
1.00

 
1,178

 
0.80

     Consumer
 
4,362

 
38

 
166,877

 
138

 
59

 
96

 
293

 
6.72

 
1,376

 
0.82

 
 
40,719

 
239

 
$
9,715,005

 
289

 
122

 
372

 
783

 
1.92
%
 
$
87,318

 
0.90
%

7