0000936528-17-000004.txt : 20170117 0000936528-17-000004.hdr.sgml : 20170117 20170117122727 ACCESSION NUMBER: 0000936528-17-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20170117 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170117 DATE AS OF CHANGE: 20170117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASHINGTON FEDERAL INC CENTRAL INDEX KEY: 0000936528 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 911661606 STATE OF INCORPORATION: WA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34654 FILM NUMBER: 17529896 BUSINESS ADDRESS: STREET 1: 425 PIKE STREET CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 2066247930 MAIL ADDRESS: STREET 1: 425 PIKE ST CITY: SEATTLE STATE: WA ZIP: 98101 8-K 1 dec312016wafdearningsrelea.htm 8-K Document


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________
FORM 8-K
____________________________________

 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 17, 2017
 ____________________________________
Washington Federal, Inc.
(Exact name of registrant as specified in its charter)
 ____________________________________
 
 
 
 
 
Washington
 
001-34654
 
91-1661606
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
425 Pike Street, Seattle, Washington 98101
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code (206) 624-7930
Not Applicable
(Former name or former address, if changed since last report)
____________________________________
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 






Item 2.02
Results of Operations and Financial Condition

On January 17, 2017, the Company announced by press release its earnings for the quarter ended December 31, 2016. A copy of the press release is attached to this filing as Exhibit 99.1. A copy of the December 31, 2016 Fact Sheet, which presents certain detailed financial information about the Company, is attached as Exhibit 99.2. This information is being furnished under Item 2.02 (Results of Operations and Financial Condition) of Form 8-K.


Item 7.01
Regulation FD Disclosure

A copy of the December 31, 2016 Fact Sheet, which presents certain detailed financial information about the Company is attached as Exhibit 99.2.

Item 9.01
Financial Statements and Exhibits

(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) The following exhibits are being furnished herewith:

99.1    Press release dated January 17, 2017
99.2    Fact Sheet as of December 31, 2016
    



2


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
 
 
 
 
 
 
January 17, 2017
 
 
 
WASHINGTON FEDERAL, INC.
 
 
 
 
 
 
 
 
By:
 
/s/ VINCENT L. BEATTY
 
 
 
 
 
 
Vincent L. Beatty
 
 
 
 
 
 
Senior Vice President
and Chief Financial Officer

3
 EX-99.1 2 exhibit991_dec2016earnings.htm EXHIBIT 99.1 Exhibit


exhibit991logoa02.gif                    

Tuesday, January 17, 2017
FOR IMMEDIATE RELEASE


Washington Federal Announces Increase In Quarterly Earnings


SEATTLE, WASHINGTON – Washington Federal, Inc. (Nasdaq: WAFD), parent company of Washington Federal, National Association, today announced quarterly earnings of $41,246,000 or $0.46 per diluted share for the quarter ended December 31, 2016 compared to $35,098,000 or $0.38 per diluted share for the quarter ended December 31, 2015, an $0.08 or 21% increase. Return on equity for the quarter ended December 31, 2016 was 8.31% compared to 7.14% for the quarter ended December 31, 2015. Return on assets for the quarter ended December 31, 2016 was 1.11% compared to 0.96% for the same quarter in the prior year.
Chairman & CEO Roy M. Whitehead commented, “Washington Federal had a very good quarter, with virtually every measure of performance showing improvement. Results for the quarter reflected a significant decrease in operating expenses since last year as the Company benefited from the system conversion that was completed in November 2015. The Company had record loan originations of over $1.2 billion during the quarter propelled by continued growth in the commercial side of the business. Commercial loans represented 70% of total originations.”
Total assets were $14.9 billion as of December 31, 2016 and September 30, 2016. The Company continued to shift its asset mix from cash and investment securities to loans receivable. Since September 30, 2016, available-for-sale securities decreased $481 million or 25.0%, held-to-maturity securities increased $334 million or 23.6% and cash and cash equivalents decreased $52 million or 11.4%. During that same period net loans receivable increased by $225 million or 2.3%.

1



Customer deposits increased by $47 million or 0.4% during the quarter and totaled $10.6 billion as of December 31, 2016. Transaction accounts increased by $189 million or 3.1% during the quarter while time deposits decreased $142 million or 3.1%. The mix of customer deposits has continued to shift over the last several years as the Company focuses on growing transaction accounts to lessen sensitivity to rising interest rates. As of December 31, 2016, 58.2% of the Company’s deposits were in transaction accounts. Core deposits, defined as all transaction accounts and time deposits less than $250,000, totaled 95.2% of deposits at December 31, 2016.
Borrowings from the Federal Home Loan Bank remained unchanged for the quarter and totaled $2.1 billion as of December 31, 2016 and September 30, 2016.
Loan originations totaled $1.2 billion for the 1st fiscal quarter 2017, a $278 million or 29% increase over the $963 million of originations in the same quarter one year ago. Partially offsetting strong loan originations were loan repayments of $896 million and an increase in loans in process of $148 million during the quarter. For the same quarter in fiscal 2016 loan repayments totaled $726 million and loans in process increased by $59 million. Commercial loans represented 70% of all loan originations during the quarter with consumer loans accounting for the remaining 30%. The Company views organic loan growth as the highest and best use of its capital and prefers commercial loans in this low rate environment because of their shorter duration. The weighted average interest rate on loans decreased to 4.23% as of December 31, 2016 from 4.26% at September 30, 2016 as new loans continue to be originated at lower rates. The actual yield earned on loans is greater than the weighted-average rate due to net deferred loan fees and discounts on acquired loans, which are accreted into income over the term of the loans.
While asset quality remained strong, the ratio of non-performing assets to total assets increased to 0.56% as of December 31, 2016 from 0.48% at September 30, 2016. During the quarter ended December 31, 2016, real estate owned decreased by $6 million, or 22%, and non-accrual loans increased by $18 million, or 43.15%. Delinquent loans represented 0.74% of total loans at December 31, 2016 compared to 0.68% at September 30, 2016. The Company realized net-recoveries on loans (as opposed to charge-offs) of $5.3 million for the quarter. The allowance for loan losses and reserve for unfunded commitments totaled $123 million as of December 31, 2016 and was 1.09% of gross loans outstanding, as compared to $117 million or 1.07% of gross

2



loans outstanding at September 30, 2016. The slight increase in the ratio of the total allowance and reserve to gross loans since our fiscal year end reflects the continued shift in the mix of the loan portfolio to include a greater proportion of commercial loans outstanding, which generally require a higher level of reserves.
On November 18, 2016, the Company paid a 14 cent per share cash dividend to common stockholders of record on November 4, 2016. This was the Company’s 135th consecutive quarterly cash dividend. During the quarter, the Company repurchased 757,768 shares of common stock at a weighted average price of $26.90 per share and has authorization to repurchase approximately 4.2 million additional shares. The Company varies the pace of share repurchases depending on several factors, including share price, lending opportunities and capital levels. Tangible common stockholders’ equity per share increased during the quarter by $0.36 or 1.9% to $19.08 and the ratio of tangible common equity to tangible assets remained strong at 11.68% as of December 31, 2016.
Net interest income was $103 million for the quarter, a decrease of $3.7 million or 3.5% from the same quarter in the prior year. The decrease in net interest income was primarily due to the decrease in yield on earning assets, which declined from 3.99% to 3.85%. Specifically, interest income on mortgage-backed securities declined by $4.2 million or 24.7% due to lower yields and lower average balance. Net interest margin decreased to 3.02% in the 1st fiscal quarter of 2017 from 3.18% for same quarter in the prior year. The decrease in net interest income and net interest margin is primarily due to a decline in yield on earning assets as the low rate environment has led to new loan originations having lower yields than the loans that repaid.
The Company did not record any provision for loan losses in the 1st fiscal quarter of 2017 or 2016 as net recoveries were offset by strong growth in the loan portfolio. The total allowance and reserve to gross loans was 1.09% as of December 31, 2016 compared to 1.10% as of December 31, 2015.
Total other income was $11.9 million for the 1st fiscal quarter 2017, an increase of $1.3 million from $10.6 million in the same quarter of the prior year. The increase this quarter was primarily related to $1.0 million gain on sale of investment securities.

3



Total operating expenses were $54.3 million in the 1st fiscal quarter 2017, a decrease of $10.2 million or 15.8% from the prior year quarter. The 1st fiscal quarter of 2016 included approximately $6.6 million of non-recurring expenses related to the system conversion that occurred in November 2015. Additionally, product delivery costs declined $2.2 million from the prior year quarter and this was largely attributable to the system conversion and related benefits. The Company’s efficiency ratio was 47.2% in the 1st fiscal quarter 2017 and is lower than the 54.9% for the same period one year ago due primarily to the decrease in operating expenses noted above.
Net gain on real estate owned was $0.4 million for 1st fiscal quarter 2017 compared to a net gain of $1.4 million for the same quarter last year. Net gain or loss on real estate owned includes gains and losses on sales, ongoing maintenance expenses and any additional net valuation adjustments.
For the quarter ended December 31, 2016, the Company recorded federal and state income tax expense of $19.9 million, which equates to a 32.50% effective tax rate. This compares to an effective tax rate of 33.89% for the fiscal year ended September 30, 2016. The decline in the effective tax rate from the prior year is due primarily to increased investments in bank owned life insurance, low income housing tax credits and tax exempt loans.
Washington Federal, a national bank with headquarters in Seattle, Washington, has 237 branches in eight western states. To find out more about Washington Federal, please visit our website www.washingtonfederal.com. Washington Federal uses its website to distribute financial and other material information about the Company.
Important Cautionary Statements
The foregoing information should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2016 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
This press release contains statements about the Company’s future that are not statements of historical fact. These statements are “forward looking statements” for purposes of applicable

4



securities laws, and are based on current information and/or management's good faith belief as to future events. The words “believe,” “expect,” “anticipate,” “project,” and similar expressions signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance. By their nature, forward-looking statements involve inherent risk and uncertainties, which change over time; and actual performance, could differ materially from those anticipated by any forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement.
# # #



Contact:

Washington Federal, Inc.
425 Pike Street, Seattle, WA 98101
Brad Goode, SVP, Director of Communications
206-626-8178
brad.goode@wafd.com

5

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(UNAUDITED)

 
December 31, 2016
 
September 30, 2016
 
(In thousands, except share data)
ASSETS
 
 
 
Cash and cash equivalents
$
398,838

 
$
450,368

Available-for-sale securities, at fair value
1,441,935

 
1,922,894

Held-to-maturity securities, at amortized cost
1,752,010

 
1,417,599

Loans receivable, net of allowance for loan losses of $118,456 and $113,494
10,136,311

 
9,910,920

Interest receivable
38,118

 
37,669

Premises and equipment, net
275,749

 
281,951

Real estate owned
22,637

 
29,027

FHLB and FRB stock
117,190

 
117,205

Bank owned life insurance
209,280

 
208,123

Intangible assets, including goodwill of $291,503
296,468

 
296,989

Federal and state income tax assets, net
—

 
16,047

Other assets
185,118

 
199,271

 
$
14,873,654

 
$
14,888,063

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Liabilities
 
 
 
Customer accounts
 
 
 
Transaction deposit accounts
$
6,194,337

 
$
6,005,592

Time deposit accounts
4,453,238

 
4,595,260

 
10,647,575

 
10,600,852

FHLB advances
2,080,000

 
2,080,000

Advance payments by borrowers for taxes and insurance
23,596

 
42,898

Accrued expenses and other liabilities
122,882

 
188,582

 
12,874,053

 
12,912,332

Stockholders’ equity
 
 
 
Common stock, $1.00 par value, 300,000,000 shares authorized; 134,657,007 and 134,307,818 shares issued; 89,272,268 and 89,680,847 shares outstanding
134,657

 
134,308

Paid-in capital
1,655,146

 
1,648,388

Accumulated other comprehensive (loss) income, net of taxes
(2,832
)
 
(11,156
)
Treasury stock, at cost; 45,384,739 and 44,626,971 shares
(760,071
)
 
(739,686
)
Retained earnings
972,701

 
943,877

 
1,999,601

 
1,975,731

 
$
14,873,654

 
$
14,888,063

CONSOLIDATED FINANCIAL HIGHLIGHTS
 
 
 
Common stockholders' equity per share
$
22.40

 
$
22.03

Tangible common stockholders' equity per share
$
19.08

 
$
18.72

Stockholders' equity to total assets
13.44
%
 
13.27
%
Tangible common stockholders' equity to tangible assets
11.68
%
 
11.51
%
 
 
 
 
Weighted average rates at period end
 
 
 
   Loans and mortgage-backed securities
3.84
%
 
3.86
%
   Combined loans, mortgage-backed securities and investments
3.65

 
3.58

   Customer accounts
0.48

 
0.50

   Borrowings
3.15

 
3.15

   Combined cost of customer accounts and borrowings
0.92

 
0.93

   Net interest spread
2.73

 
2.65


6

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)


 
Three Months Ended December 31,
 
2016
 
2015
 
(In thousands, except share data)
INTEREST INCOME
 
 
 
Loans receivable
$
114,835

 
$
112,863

Mortgage-backed securities
12,789

 
16,987

Investment securities and cash equivalents
5,140

 
5,274

 
132,764

 
135,124

INTEREST EXPENSE
 
 
 
Customer accounts
13,017

 
12,717

FHLB advances and other borrowings
16,595

 
15,538

 
29,612

 
28,255

Net interest income
103,152

 
106,869

Provision (release) for loan losses
—

 
—

Net interest income after provision (release) for loan losses
103,152

 
106,869

 
 
 
 
OTHER INCOME
 
 
 
Gain on sale of investment securities
968

 
—

Loan fee income
1,334

 
1,517

Deposit fee income
5,185

 
5,917

Other Income
4,409

 
3,201

 
11,896

 
10,635

OTHER EXPENSE
 
 
 
Compensation and benefits
26,994

 
29,699

Occupancy
8,450

 
8,592

FDIC insurance premiums
2,839

 
2,589

Product delivery
3,361

 
5,523

Information technology
6,451

 
8,710

Other
6,246

 
9,396

 
54,341

 
64,509

Gain on real estate owned, net
398

 
1,420

Income before income taxes
61,105

 
54,415

Income tax provision
19,859

 
19,317

NET INCOME
$
41,246

 
$
35,098

 
 
 
 
PER SHARE DATA
 
 
 
Basic earnings per share
$
0.46

 
$
0.38

Diluted earnings per share
0.46

 
0.38

Cash dividends per share
0.14

 
0.13

Basic weighted average number of shares outstanding
89,310,958

 
92,986,358

Diluted weighted average number of shares outstanding
89,731,024

 
93,577,837

 
 
 
 
PERFORMANCE RATIOS
 
 
 
Return on average assets
1.11
%
 
0.96
%
Return on average common equity
8.31

 
7.14

Net interest margin
3.02

 
3.18

Efficiency ratio
47.23

 
54.90


7

 EX-99.2 3 exhibit992_dec2016factsheet.htm EXHIBIT 99.2 Exhibit
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 As of 6/16
 
 
 
 As of 9/16
 
 
 
 As of 12/16
 
 
Loan Loss Reserve - Total
 
$
114,251

 
 
 
$
116,729

 
 
 
$
123,356

 
 
     General and Specific Allowance
 
111,016

 
 
 
113,494

 
 
 
118,456

 
 
     Commitments Reserve
 
3,235

 
 
 
3,235

 
 
 
4,900

 
 
    Allowance as a % of Gross Loans
 
1.08
%
 
 
 
1.07
%
 
 
 
1.09
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 6/16 QTR
 
 6/16 YTD
 
 9/16 QTR
 
 9/16 YTD
 
 12/16 QTR
 
 12/16 YTD
Loan Originations - Total
 
$
1,031,461

 
$
2,758,103

 
$
1,190,431

 
$
3,948,534

 
$
1,241,046

 
$
1,241,046

     Single-Family Residential
 
194,141

 
456,391

 
236,184

 
692,575

 
215,241

 
215,241

     Construction
 
342,230

 
670,052

 
230,597

 
900,649

 
338,599

 
338,599

     Construction - Custom
 
97,602

 
277,721

 
144,095

 
421,816

 
122,955

 
122,955

     Land - Acquisition & Development
 
14,305

 
33,555

 
25,956

 
59,511

 
16,229

 
16,229

     Land - Consumer Lot Loans
 
7,817

 
19,256

 
10,405

 
29,661

 
9,065

 
9,065

     Multi-Family
 
73,225

 
297,981

 
63,280

 
361,261

 
111,959

 
111,959

     Commercial Real Estate
 
62,706

 
264,495

 
88,770

 
353,265

 
164,098

 
164,098

     Commercial & Industrial
 
216,687

 
681,469

 
370,481

 
1,051,950

 
243,924

 
243,924

     HELOC
 
21,733

 
54,656

 
19,882

 
74,538

 
18,391

 
18,391

     Consumer
 
1,015

 
2,527

 
781

 
3,308

 
585

 
585

 
 
 
 
 
 
 
 
 
 
 
 
 
Purchased Loans (including acquisitions)
 
$
—

 
$
51,646

 
$
53,774

 
$
105,420

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loan Fee and Discount Accretion
 
$
6,691

 
$
23,168

 
$
6,730

 
$
29,898

 
$
6,762

 
$
6,762

 
 
 
 
 
 
 
 
 
 
 
 
 
Repayments
 
 
 
 
 
 
 
 
 
 
 
 
Loans
 
$
776,087

 
$
2,083,589

 
$
851,578

 
$
2,935,167

 
$
896,109

 
$
896,109

MBS
 
128,467

 
320,644

 
142,329

 
462,973

 
178,169

 
178,169

 
 
 
 
 
 
 
 
 
 
 
 
 
MBS Premium Amortization
 
$
3,514

 
$
8,958

 
$
3,962

 
$
12,920

 
$
5,039

 
$
5,039

 
 
 
 
 
 
 
 
 
 
 
 
 
Efficiency
 
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses/Average Assets
 
1.52
%
 
1.64
%
 
1.49
%
 
1.60
%
 
1.46
%
 
1.46
%
Efficiency Ratio (%)
 
49.08
%
 
51.55
%
 
48.54
%
 
50.80
%
 
47.23
%
 
47.23
%
Amortization of Intangibles
 
$
576

 
$
1,821

 
$
548

 
$
2,369

 
$
521

 
$
521

 
 
 
 
 
 
 
 
 
 
 
 
 
EOP Numbers
 
 
 
 
 
 
 
 
 
 
 
 
Shares Issued and Outstanding
 
90,226,193

 
 
 
89,680,847

 
 
 
89,272,268

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share repurchase information
 
 
 
 
 
 
 
 
 
 
 
 
Remaining shares authorized for repurchase
 
1,041,309

 
 
 
5,039,310

 
 
 
4,231,553

 
 
Shares repurchased
 
1,097,397

 
3,159,921

 
707,642

 
3,867,563

 
757,768

 
757,768

Average share repurchase price
 
$
23.33

 
$
22.17

 
$
25.20

 
$
22.72

 
$
26.90

 
$
26.90








1
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)

Tangible Common Book Value
 
As of 6/16
 
 
 
As of 9/16
 
 
 
As of 12/16
 
 
$ Amount
 
$
1,664,648

 
 
 
$
1,678,742

 
 
 
$
1,703,133

 
 
Per Share
 
18.45

 
 
 
18.72

 
 
 
19.08

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
# of Employees
 
1,817

 
 
 
1,806

 
 
 
1,813

 
 
Investments
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
 
$
1,131,044

 
 
 
$
1,072,912

 
 
 
$
959,661

 
 
     Other
 
838,825

 
 
 
849,982

 
 
 
482,274

 
 
 
 
$
1,969,869

 
 
 
$
1,922,894

 
 
 
$
1,441,935

 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
 
$
1,492,480

 
 
 
$
1,417,599

 
 
 
$
1,752,010

 
 
 
 
$
1,492,480

 
 
 
$
1,417,599

 
 
 
$
1,752,010

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of 6/16
 
 
 
As of 9/16
 
 
 
As of 12/16
 
 
Loans Receivable by Category (a)
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
 
$
5,633,527

 
53.3%
 
$
5,658,830

 
51.7%
 
$
5,624,263

 
49.6%
     Construction
 
1,016,305

 
9.6
 
1,110,411

 
10.1
 
1,265,747

 
11.2
     Construction - Custom
 
409,116

 
3.9
 
473,069

 
4.3
 
494,447

 
4.4
     Land - Acquisition & Development
 
104,412

 
1.0
 
118,497

 
1.1
 
119,085

 
1.1
     Land - Consumer Lot Loans
 
104,461

 
1.0
 
104,567

 
1.0
 
101,104

 
0.9
     Multi-Family
 
1,100,514

 
10.4
 
1,124,290

 
10.3
 
1,217,594

 
10.7
     Commercial Real Estate
 
1,042,730

 
9.9
 
1,093,639

 
10.0
 
1,207,573

 
10.7
     Commercial & Industrial
 
853,776

 
8.1
 
978,589

 
8.9
 
1,025,821

 
9.1
     HELOC
 
151,352

 
1.4
 
149,716

 
1.4
 
148,452

 
1.3
     Consumer
 
156,008

 
1.5
 
139,000

 
1.3
 
124,547

 
1.1
 
 
10,572,201

 
100%
 
10,950,608

 
100%
 
11,328,633

 
100%
     Less:
 
 
 
 
 
 
 
 
 
 
 
 
        ALL
 
111,016

 
 
 
113,494

 
 
 
118,456

 
 
        Loans in Process
 
780,720

 
 
 
879,484

 
 
 
1,027,168

 
 
        Net Deferred Fees, Costs and Discounts
 
51,889

 
 
 
46,710

 
 
 
46,698

 
 
        Sub-Total
 
943,625

 
 
 
1,039,688

 
 
 
1,192,322

 
 
 
 
$
9,628,576

 
 
 
$
9,910,920

 
 
 
$
10,136,311

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loan Portfolio by Category (a)
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
 
$
5,571,349

 
57.9%
 
$
5,601,350

 
56.5%
 
$
5,565,673

 
54.9%
     Construction
 
422,785

 
4.4
 
475,022

 
4.8
 
486,784

 
4.8
     Construction - Custom
 
211,002

 
2.2
 
227,348

 
2.3
 
233,867

 
2.3
     Land - Acquisition & Development
 
85,392

 
0.9
 
88,408

 
0.9
 
95,997

 
0.9
     Land - Consumer Lot Loans
 
101,395

 
1.1
 
101,435

 
1.0
 
98,118

 
1.0
     Multi-Family
 
1,089,658

 
11.3
 
1,113,661

 
11.2
 
1,205,737

 
11.9
     Commercial Real Estate
 
1,021,596

 
10.6
 
1,074,146

 
10.8
 
1,188,637

 
11.7
     Commercial & Industrial
 
822,829

 
8.5
 
945,150

 
9.5
 
992,261

 
9.8
     HELOC
 
149,213

 
1.5
 
147,737

 
1.5
 
146,790

 
1.4
     Consumer
 
153,357

 
1.6
 
136,663

 
1.4
 
122,447

 
1.2
 
 
$
9,628,576

 
100%
 
$
9,910,920

 
100%
 
$
10,136,311

 
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
December 31, 2016
($ in Thousands)

 
 
As of 6/30/16
 
 
 
As of 9/30/16
 
 
 
As of 12/31/16
 
 
Deposits by State
 
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
     Washington (WA)
 
$
5,089,214

 
48.1
%
 
82

 
$
5,100,754

 
48.1
%
 
81

 
$
5,196,140

 
48.8
%
 
81

     Idaho (ID)
 
774,432

 
7.3

 
26

 
782,413

 
7.4

 
25

 
768,704

 
7.2

 
24

     Oregon (OR)
 
1,956,226

 
18.5

 
49

 
1,964,173

 
18.5

 
48

 
1,952,655

 
18.3

 
48

     Utah (UT)
 
286,792

 
2.7

 
10

 
285,234

 
2.7

 
10

 
280,457

 
2.6

 
10

     Nevada (NV)
 
343,220

 
3.2

 
11

 
340,324

 
3.2

 
11

 
333,789

 
3.1

 
11

     Texas (TX)
 
92,983

 
0.9

 
5

 
94,113

 
0.9

 
5

 
97,276

 
0.9

 
5

     Arizona (AZ)
 
1,187,651

 
11.2

 
32

 
1,188,335

 
11.2

 
31

 
1,173,538

 
11.0

 
31

     New Mexico (NM)
 
848,398

 
8.0

 
28

 
845,506

 
8.0

 
27

 
845,016

 
7.9

 
27

     Total
 
$
10,578,916

 
100%
 
243

 
$
10,600,852

 
100%
 
238

 
$
10,647,575

 
100%
 
237

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits by Type
 
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
Checking (noninterest)
 
$
1,041,258

 
9.8
%
 
 
 
$
1,091,738

 
10.3
%
 
 
 
$
1,124,169

 
10.6
%
 
 
NOW (interest)
 
1,604,741

 
15.2

 
 
 
1,629,983

 
15.4

 
 
 
1,732,836

 
16.3

 
 
Savings (passbook/stmt)
 
787,441

 
7.4

 
 
 
820,980

 
7.7

 
 
 
844,849

 
7.9

 
 
Money Market
 
2,486,802

 
23.5

 
 
 
2,462,891

 
23.2

 
 
 
2,492,483

 
23.4

 
 
Time Deposits
 
4,658,674

 
44.0

 
 
 
4,595,260

 
43.3

 
 
 
4,453,238

 
41.8

 
 
Total
 
$
10,578,916

 
100%
 
 
 
$
10,600,852

 
100%
 
 
 
$
10,647,575

 
100%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits greater than $250,000 - EOP
 
$
2,209,547

 
 
 
 
 
$
2,250,622

 
 
 
 
 
$
2,410,863

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Time Deposit Repricing
 
Amount
 
Rate
 
 
 
Amount
 
Rate
 
 
 
Amount
 
Rate
 
 
Within 3 months
 
$
890,691

 
0.64
%
 
 
 
$
824,019

 
0.82
%
 
 
 
$
933,770

 
0.76
%
 
 
From 4 to 6 months
 
787,925

 
0.86
%
 
 
 
896,484

 
0.80
%
 
 
 
896,254

 
0.74
%
 
 
From 7 to 9 months
 
562,314

 
1.02
%
 
 
 
618,180

 
0.89
%
 
 
 
532,682

 
0.81
%
 
 
From 10 to 12 months
 
585,038

 
0.90
%
 
 
 
508,732

 
0.83
%
 
 
 
391,159

 
0.80
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-Performing Assets
 
 AMOUNT
 
 %
 
 
 
 AMOUNT
 
 %
 
 
 
 AMOUNT
 
 %
 
 
Non-accrual loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
$
36,707

 
77.5%
 
 
 
$
33,148

 
78.2%
 
 
 
$
38,568

 
63.5%
 
 
     Construction
 
—

 
—
 
 
 
—

 
—
 
 
 
—

 
—
 
 
     Construction - Custom
 
506

 
1.1
 
 
 
—

 
—
 
 
 
—

 
—
 
 
     Land - Acquisition & Development
 
427

 
0.9
 
 
 
58

 
0.1
 
 
 
603

 
1.0
 
 
     Land - Consumer Lot Loans
 
1,105

 
2.3
 
 
 
510

 
1.2
 
 
 
969

 
1.6
 
 
     Multi-Family
 
1,238

 
2.6
 
 
 
776

 
1.8
 
 
 
1,160

 
1.9
 
 
     Commercial Real Estate
 
6,297

 
13.3
 
 
 
7,100

 
16.7
 
 
 
9,660

 
15.9
 
 
     Commercial & Industrial
 
521

 
1.1
 
 
 
583

 
1.4
 
 
 
9,230

 
15.2
 
 
     HELOC
 
548

 
1.2
 
 
 
239

 
0.6
 
 
 
480

 
0.8
 
 
     Consumer
 
—

 
—
 
 
 
—

 
—
 
 
 
45

 
0.1
 
 
        Total non-accrual loans
 
47,349

 
100%
 
 
 
42,414

 
100%
 
 
 
60,715

 
100%
 
 
Real Estate Owned
 
31,682

 
 
 
 
 
29,027

 
 
 
 
 
22,637

 
 
 
 
Total non-performing assets
 
$
79,031

 
 
 
 
 
$
71,441

 
 
 
 
 
$
83,352

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-performing loans as % of total net loans
 
0.49
%
 
 
 
 
 
0.43
%
 
 
 
 
 
0.60
%
 
 
 
 
Non-performing assets as % of total assets
 
0.53
%
 
 
 
 
 
0.48
%
 
 
 
 
 
0.56
%
 
 
 
 


3
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)

 
 
As of 6/30/16
 
As of 9/30/16
 
As of 12/31/16
 
 
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Restructured loans:
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
$
223,531

 
86.6%
 
$
228,186

 
87.3%
 
$
217,943

 
87.2%
     Construction
 
—

 
—
 
—

 
—
 
—

 
—
     Construction - Custom
 
—

 
—
 
—

 
—
 
—

 
—
     Land - Acquisition & Development
 
1,454

 
0.6
 
1,154

 
0.4
 
1,139

 
0.5
     Land - Consumer Lot Loans
 
9,672

 
3.7
 
9,630

 
3.7
 
9,619

 
3.8
     Multi-Family
 
1,514

 
0.6
 
1,505

 
0.6
 
1,496

 
0.6
     Commercial Real Estate
 
20,490

 
7.9
 
19,434

 
7.4
 
18,179

 
7.3
     Commercial & Industrial
 
—

 
—
 
—

 
—
 
—

 
—
     HELOC
 
1,379

 
0.5
 
1,506

 
0.6
 
1,461

 
0.6
     Consumer
 
95

 
—
 
116

 
—
 
113

 
—
        Total restructured loans
 
$
258,135

 
100%
 
$
261,531

 
100%
 
$
249,950

 
100%
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured loans were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
     Performing
 
$
247,695

 
96.0%
 
$
251,583

 
96.2%
 
$
235,503

 
94.2%
     Non-performing (c)
 
10,440

 
4.0
 
9,948

 
3.8
 
14,447

 
5.8
     Total restructured loans
 
$
258,135

 
100%
 
$
261,531

 
100%
 
$
249,950

 
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
 
$
473

 
0.03%
 
$
(204
)
 
(0.01)%
 
$
3

 
—%
     Construction
 
(207
)
 
(0.08)
 
(388
)
 
(0.14)
 
—

 
—
     Construction - Custom
 
(60
)
 
(0.06)
 
—

 
—
 
—

 
—
     Land - Acquisition & Development
 
(2,711
)
 
(10.39)
 
(2,063
)
 
(6.96)
 
(3,985
)
 
(13.39)
     Land - Consumer Lot Loans
 
21

 
0.08
 
29

 
0.11
 
(53
)
 
(0.21)
     Multi-Family
 
—

 
—
 
—

 
—
 
—

 
—
     Commercial Real Estate
 
(454
)
 
(0.17)
 
(172
)
 
(0.06)
 
(339
)
 
(0.11)
     Commercial & Industrial
 
144

 
0.07
 
(2,123
)
 
(0.87)
 
(667
)
 
(0.26)
     HELOC
 
27

 
0.07
 
—

 
—
 
36

 
0.10
     Consumer
 
(130
)
 
(0.33)
 
(657
)
 
(1.89)
 
(291
)
 
(0.93)
        Total net charge-offs (recoveries)
 
$
(2,897
)
 
(0.11)%
 
$
(5,578
)
 
(0.20)%
 
$
(5,296
)
 
(0.19)%
     (d) Annualized Net Charge-offs (recoveries) divided by Gross Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASC 310-30 Acquired Loans
 
 
 
 
 
 
 
 
 
 
 
 
Accretable Yield
 
$
60,453

 
 
 
$
55,290

 
 
 
$
50,389

 
 
Non-Accretable Yield
 
165,926

 
 
 
165,926

 
 
 
165,926

 
 
Total Contractual Payments
 
$
226,379

 
 
 
$
221,216

 
 
 
$
216,315

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Risk
 
 
 
 
 
 
 
 
 
 
 
 
One Year GAP
 
 
 
(9.8
)%
 
 
 
(10.1
)%
 
 
 
(15.3
)%
NPV post 200 bps shock (e)
 
 
 
15.4
 %
 
 
 
14.8
 %
 
 
 
13.9
 %
Change in NII after 200 bps shock (e)
 
 
 
3.9
 %
 
 
 
3.2
 %
 
 
 
1.7
 %
(e) Assumes no balance sheet management actions taken
 
 
 
 
 
 
 
 
 
 
 
 

4
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)


Historical CPR Rates (f)
 
 
 
 
 
 
 
 
 
WAFD
 
WAFD
 
 
 
 
 
 
 
 
Average for Quarter Ended:
SFR Mortgages
 
GSE MBS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
%
 
 
 
 
 
 
 
 
12/31/2016
19.3
%
 
24.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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
December 31, 2016
Average Balance Sheet
($ in Thousands)

 
Three Months Ended
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans receivable
$
9,561,921

 
$
113,728

 
4.77
%
 
$
9,756,353

 
$
114,283

 
4.65
%
 
$
10,013,798

 
$
114,835

 
4.55
%
Mortgage-backed securities
2,698,354

 
15,297

 
2.27

 
2,568,917

 
13,820

 
2.13

 
2,537,585

 
12,789

 
2.00

Cash & investments
1,187,023

 
4,012

 
1.36

 
1,218,195

 
4,029

 
1.31

 
1,010,299

 
4,246

 
1.67

FHLB & FRB Stock
117,022

 
698

 
2.39

 
117,205

 
740

 
2.50

 
117,210

 
894

 
3.03

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-earning assets
13,564,320

 
133,735

 
3.95
%
 
13,660,670

 
132,872

 
3.86
%
 
13,678,892

 
132,764

 
3.85
%
Other assets
1,219,363

 
 
 
 
 
1,210,388

 
 
 
 
 
1,197,304

 
 
 
 
Total assets
$
14,783,683

 
 
 
 
 
$
14,871,058

 
 
 
 
 
$
14,876,196

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer accounts
10,569,479

 
13,274

 
0.50
%
 
10,610,740

 
13,423

 
0.50
%
 
10,610,314

 
13,017

 
0.49
%
FHLB advances
2,075,604

 
16,221

 
3.13

 
2,080,000

 
16,633

 
3.17

 
2,080,000

 
16,595

 
3.17

Other borrowings
—

 
—

 
—

 
33

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-bearing liabilities
12,645,083

 
29,495

 
0.94
%
 
12,690,773

 
30,056

 
0.94
%
 
12,690,314

 
29,612

 
0.93
%
Other liabilities
163,788

 
 
 
 
 
205,817

 
 
 
 
 
201,233

 
 
 
 
Total liabilities
12,808,871

 
 
 
 
 
12,896,590

 
 
 
 
 
12,891,547

 
 
 
 
Stockholders’ equity
1,974,812

 
 
 
 
 
1,974,468

 
 
 
 
 
1,984,649

 
 
 
 
Total liabilities and equity
$
14,783,683

 
 
 
 
 
$
14,871,058

 
 
 
 
 
$
14,876,196

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
 
$
104,240

 
 
 
 
 
$
102,816

 
 
 
 
 
$
103,152

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest margin (1)
 
 
 
 
3.07
%
 
 
 
 
 
3.01
%
 
 
 
 
 
3.02
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Annualized net interest income divided by average interest-earning assets
 
 
 
 
 
 
 
 
 
 


6
Washington Federal, Inc.
Fact Sheet
December 31, 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 $
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
26,259

 
214

 
$
5,623,668

 
88

 
53

 
165

 
306

 
1.17
%
 
$
60,201

 
1.07
%
     Construction
 
638

 
804

 
513,046

 
3

 
—

 
1

 
4

 
0.63

 
341

 
0.07

     Construction - Custom
 
1,079

 
219

 
236,668

 
2

 
1

 
—

 
3

 
0.28

 
157

 
0.07

     Land - Acquisition & Development
 
126

 
819

 
103,148

 
1

 
—

 
4

 
5

 
3.97

 
1,262

 
1.22

     Land - Consumer Lot Loans
 
1,204

 
84

 
101,045

 
4

 
2

 
15

 
21

 
1.74

 
1,076

 
1.06

     Multi-Family
 
959

 
1,270

 
1,217,594

 
3

 
1

 
2

 
6

 
0.63

 
1,868

 
0.15

     Commercial Real Estate
 
1,040

 
1,130

 
1,175,475

 
6

 
2

 
12

 
20

 
1.92

 
7,766

 
0.66

     Commercial & Industrial
 
1,843

 
574

 
1,057,826

 
4

 
6

 
34

 
44

 
2.39

 
1,108

 
0.10

     HELOC
 
2,931

 
51

 
148,448

 
7

 
—

 
32

 
39

 
1.33

 
1,375

 
0.93

     Consumer
 
4,842

 
26

 
124,547

 
78

 
30

 
79

 
187

 
3.86

 
1,063

 
0.85

 
 
40,921

 
252

 
$
10,301,465

 
196

 
95

 
344

 
635

 
1.55
%
 
$
76,217

 
0.74
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
%

7
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