Exhibit 99.1 ASSETS Cash and cash equivalents……………………….………………………………………………………………………………………………………………… 637,298$ 751,430$ Available-for-sale securities………………………………………………………...………………………….. 2,003,777 1,781,705 Held-to-maturity securities………………………………………………………………. 1,407,246 1,191,487 Loans receivable, net……………………………………………………………………………………………….…………………………………………… 7,614,910 7,451,998 Covered loans, net…………………………………………………………………………………………………………………….………………………………………. 380,594 288,376 Interest receivable…………………………………………………………………………………………………………………….………………………………………. 47,830 46,857 Premises and equipment, net……………………………………………………………………..…………………………….. 207,185 178,845 Real estate held for sale…………………………………………………………………………...………………………………………………………...…………………………. 101,103 99,478 Covered real estate held for sale…………………………………………………………………………...………………………………………………………...…………………………. 36,030 29,549 FDIC indemnification asset…………………………………………………………………………...………………………………………………………...…………………………. 90,415 87,571 FHLB stock………………………………………………………………………………………..……………………………………………….. 153,542 149,840 Intangible assets, net…………………………………………………………………………….………………………………. 267,389 256,076 Federal and state income taxes………………………………………………………………………………………………..………………………………………….26,519 22,513 Other assets………………………………………………………………………………………………..…………………………………………. 133,004 137,219 13,106,842$ 12,472,944$ LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Customer accounts Transaction deposit accounts…………………………………………………………………………………………………..………………………………….. 3,571,987$ 2,946,453$ Time deposit accounts……………………………………………………………...……………………………...………………………….. 5,662,104 5,630,165 9,234,091 8,576,618 FHLB advances…………………………………………………………………………………….……………………………………….. 1,880,000 1,880,000 Advance payments by borrowers for taxes and insurance……………………………………………...…………………………………….. 16,552 40,041 Accrued expenses and other liabilities……………………………………………………………..…………………………………………………….. 61,521 76,533 11,192,164 10,573,192 Stockholders' Equity Common stock, $1.00 par value, 300,000,000 shares authorized; 131,966,720 and 129,950,223 shares issued; 105,498,098 and 106,177,615 shares outstanding………………………………………………………………………….…………………………………………………….. 131,967 129,950 Paid-in capital……………………………………………………………………………………….……………………………………. 1,619,026 1,586,295 Accumulated other comprehensive income, net of taxes………………………………………………..………………………………………. 11,639 13,306 Treasury stock, at cost; 26,468,622 and 23,772,608 shares………………………………………………..………………………………………….. (355,326) (310,579) Retained earnings……………………………………………………………………………………………………...…………………………………….. 507,372 480,780 1,914,678 1,899,752 13,106,842$ 12,472,944$ CONSOLIDATED FINANCIAL HIGHLIGHTS Common stockholders' equity per share……………………………………………………………………………………...………………………………………….. $ 18.15 $ 17.89 Tangible common stockholders' equity per share……………………………………………………………………………………...…………………………………………..15.61 15.48 Stockholders' equity to total assets……………………………………………………………………….……………………………………………. Tangible common stockholders' equity to tangible assets……………………………………………………………………….……………………………………………. 12.83 13.45 Weighted average rates at period end Loans and mortgage-backed securities……………………………………………………………...………………………………………………………………. Combined loans, mortgage-backed securities and investment securities……………………...……………………………………………………….. 4.09 4.18 Customer accounts……………………………………………………………………..…………………………………………………………………. 0.79 0.90 Borrowings…………………………………………………………………………………………….………………………………………………… 3.59 3.59 Combined cost of customer accounts and borrowings………………………………………………….………………………………………………………. 1.26 1.38 Interest rate spread…………………………………………………………..……………….………………………………………………… 2.83 2.80 14.61% 15.23% 4.63% 4.72% (In thousands, except per share data) WASHINGTON FEDERAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) December 31, 2012 September 30, 2012 - 1 -
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8-K Filing
Washington Federal (WAFD) 8-KResults of Operations and Financial Condition
Filed: 17 Jan 13, 12:00am