Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
Exhibit 99.2 | ||||||||||||||||||||||||
12/14 QTR | 3/15 QTR | 6/15 QTR | ||||||||||||||||||||||
Loan Loss Reserve - Total | $ | 110,598 | $ | 110,221 | $ | 107,977 | ||||||||||||||||||
General and Specific Allowance | $ | 108,700 | $ | 108,323 | $ | 105,611 | ||||||||||||||||||
Commitments Reserve | 1,898 | 1,898 | 2,366 | |||||||||||||||||||||
Allowance as a % of Gross Loans | 1.26 | % | 1.22 | % | 1.17 | % | ||||||||||||||||||
Regulatory Capital Ratios | ||||||||||||||||||||||||
Common equity tier 1 risk-based | N/A | N/A | 1,641,962 | 19.97% | 1,631,661 | 19.36% | ||||||||||||||||||
Tier 1 risk-based | 1,622,086 | 21.90% | 1,641,962 | 19.97% | 1,631,661 | 19.36% | ||||||||||||||||||
Total risk-based (excludes holding co.) | 1,715,440 | 23.16% | 1,745,636 | 21.23% | 1,737,938 | 20.62% | ||||||||||||||||||
Tier 1 leverage (excludes holding co.) | 1,622,086 | 11.33% | 1,641,962 | 11.52% | 1,631,661 | 11.50% | ||||||||||||||||||
12/14 QTR | 12/14 YTD | 3/15 QTR | 3/15 YTD | 6/15 QTR | 6/15 YTD | |||||||||||||||||||
Loan Originations - Total | $ | 578,988 | $ | 578,988 | $ | 691,472 | $ | 1,270,460 | $ | 752,787 | $ | 2,023,247 | ||||||||||||
Single-Family Residential | 167,299 | 167,299 | 130,636 | 297,935 | 196,613 | $ | 494,548 | |||||||||||||||||
Construction - Speculative | 50,158 | 50,158 | 49,051 | 99,209 | 72,466 | $ | 171,675 | |||||||||||||||||
Construction - Custom | 88,398 | 88,398 | 67,410 | 155,808 | 92,120 | $ | 247,928 | |||||||||||||||||
Land - Acquisition & Development | 16,567 | 16,567 | 29,573 | 46,140 | 10,901 | $ | 57,041 | |||||||||||||||||
Land - Consumer Lot Loans | 2,604 | 2,604 | 2,132 | 4,736 | 7,880 | $ | 12,616 | |||||||||||||||||
Multi-Family | 62,281 | 62,281 | 73,918 | 136,199 | 123,886 | $ | 260,085 | |||||||||||||||||
Commercial Real Estate | 59,840 | 59,840 | 202,498 | 262,338 | 108,226 | $ | 370,564 | |||||||||||||||||
Commercial & Industrial | 114,787 | 114,787 | 119,812 | 234,599 | 121,632 | $ | 356,231 | |||||||||||||||||
HELOC | 16,270 | 16,270 | 16,077 | 32,347 | 18,622 | $ | 50,969 | |||||||||||||||||
Consumer | 784 | 784 | 365 | 1,149 | 441 | $ | 1,590 | |||||||||||||||||
Purchased Loans (including acquisitions) | $ | 46,831 | $46,831 | $ | 100,001 | $146,832 | $ | 36,574 | $183,406 | |||||||||||||||
Net Loan Fee and Discount Accretion | $ | 7,721 | $7,721 | $ | 7,071 | $14,792 | $ | 6,161 | $20,953 |
1
Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
12/14 QTR | 12/14 YTD | 3/15 QTR | 3/15 YTD | 6/15 QTR | 6/15 YTD | |||||||||||||||||||
Repayments | ||||||||||||||||||||||||
Loans | $ | 516,926 | $ | 516,926 | $ | 596,801 | $ | 1,113,727 | $ | 615,169 | $ | 1,728,896 | ||||||||||||
MBS | 101,494 | 101,494 | 114,836 | $ | 216,330 | 126,951 | $ | 343,281 | ||||||||||||||||
MBS Premium Amortization | $ | 2,397 | $ | 2,397 | $ | 2,704 | $ | 5,101 | $ | 3,298 | $ | 8,399 | ||||||||||||
Efficiency | ||||||||||||||||||||||||
Operating Expenses/Average Assets | 1.46 | % | 1.46 | % | 1.58 | % | 1.52 | % | 1.57 | % | 1.54 | % | ||||||||||||
Efficiency Ratio | 49.83 | 49.83 | 49.97 | 49.90 | 50.47 | 50.09 | ||||||||||||||||||
Amortization of Intangibles | $ | 1,024 | $ | 1,024 | $ | 982 | $ | 2,006 | $ | 794 | $ | 2,800 | ||||||||||||
EOP Numbers | ||||||||||||||||||||||||
Shares Issued and Outstanding | 97,556,077 | 95,088,294 | 93,982,148 | |||||||||||||||||||||
Share repurchase information | ||||||||||||||||||||||||
Remaining shares auth. for repurchase | 3,926,287 | 3,926,287 | 1,426,269 | 1,426,269 | 5,254,607 | 5,254,607 | ||||||||||||||||||
Shares repurchased | 1,116,147 | 1,116,147 | 2,500,018 | 3,616,165 | 1,171,662 | 4,787,827 | ||||||||||||||||||
Average share repurchase price | $ | 21.79 | $ | 21.79 | $ | 21.21 | $ | 21.39 | $ | 21.93 | $ | 21.52 | ||||||||||||
2
Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
Tangible Common Book Value | 12/14 QTR | 3/15 QTR | 6/15 QTR | ||||||||||||||
$ Amount | $ | 1,679,454 | $ | 1,667,237 | $ | 1,659,012 | |||||||||||
Per Share | 17.22 | 17.53 | 17.65 | ||||||||||||||
# of Employees | 1,862 | 1,865 | 1,839 | ||||||||||||||
Tax Rate - Going Forward | 35.75 | % | 35.75 | % | 35.75 | % | |||||||||||
Investments | |||||||||||||||||
Available-for-sale: | |||||||||||||||||
Agency MBS | $ | 1,588,647 | $ | 1,567,607 | $ | 1,436,457 | |||||||||||
Other | 1,306,409 | 1,189,299 | 1,187,917 | ||||||||||||||
$ | 2,895,056 | $ | 2,756,906 | $ | 2,624,374 | ||||||||||||
Held-to-maturity: | |||||||||||||||||
Agency MBS | $ | 1,516,219 | $ | 1,479,781 | $ | 1,586,514 | |||||||||||
Other | — | — | — | ||||||||||||||
$ | 1,516,219 | $ | 1,479,781 | $ | 1,586,514 | ||||||||||||
3
Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
AS OF 12/31/14 | AS OF 3/31/15 | AS OF 6/30/15 | |||||||||||||||
Gross Loan Portfolio by Category (a) | AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||
Single-Family Residential | $ | 5,619,697 | 63.9% | $ | 5,546,402 | 61.5% | $ | 5,568,929 | 60.1% | ||||||||
Construction - Speculative | 152,450 | 1.7 | 163,657 | 1.8 | 181,668 | 2.0 | |||||||||||
Construction - Custom | 377,561 | 4.3 | 370,693 | 4.1 | 375,425 | 4.1 | |||||||||||
Land - Acquisition & Development | 86,405 | 1.0 | 107,181 | 1.2 | 90,252 | 1.0 | |||||||||||
Land - Consumer Lot Loans | 106,987 | 1.2 | 104,558 | 1.2 | 105,463 | 1.1 | |||||||||||
Multi-Family | 980,706 | 11.2 | 1,012,915 | 11.2 | 1,093,374 | 11.8 | |||||||||||
Commercial Real Estate | 749,855 | 8.5 | 885,177 | 9.8 | 981,824 | 10.6 | |||||||||||
Commercial & Industrial | 453,417 | 5.2 | 466,208 | 5.2 | 512,973 | 5.5 | |||||||||||
HELOC | 134,998 | 1.5 | 136,439 | 1.5 | 137,837 | 1.5 | |||||||||||
Consumer | 131,352 | 1.5 | 221,525 | 2.5 | 208,956 | 2.3 | |||||||||||
8,793,428 | 100.0% | 9,014,755 | 100.0% | 9,256,701 | 100.0% | ||||||||||||
Less: | |||||||||||||||||
ALL | 108,700 | 108,323 | 105,611 | ||||||||||||||
Loans in Process | 370,655 | 426,836 | 438,941 | ||||||||||||||
Discount on Acquired Loans | 22,535 | 20,845 | 16,716 | ||||||||||||||
Deferred Net Origination Fees | 37,621 | 37,763 | 49,824 | ||||||||||||||
Sub-Total | 539,511 | 593,767 | 611,092 | ||||||||||||||
$ | 8,253,917 | $ | 8,420,988 | $ | 8,645,609 | ||||||||||||
Net Loan Portfolio by Category (a) | AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||
Single-Family Residential | $ | 5,534,420 | 67.1% | $ | 5,464,292 | 64.9% | $ | 5,482,853 | 63.4% | ||||||||
Construction - Speculative | 89,843 | 1.1 | 99,261 | 1.2 | 110,800 | 1.3 | |||||||||||
Construction - Custom | 189,248 | 2.3 | 199,257 | 2.4 | 201,908 | 2.3 | |||||||||||
Land - Acquisition & Development | 65,507 | 0.8 | 84,922 | 1.0 | 69,342 | 0.8 | |||||||||||
Land - Consumer Lot Loans | 103,148 | 1.2 | 100,789 | 1.2 | 101,655 | 1.2 | |||||||||||
Multi-Family | 900,292 | 10.9 | 934,864 | 11.1 | 1,006,301 | 11.6 | |||||||||||
Commercial Real Estate | 689,672 | 8.4 | 748,850 | 8.9 | 848,173 | 9.8 | |||||||||||
Commercial & Industrial | 421,613 | 5.1 | 438,047 | 5.2 | 484,930 | 5.6 | |||||||||||
HELOC | 132,188 | 1.6 | 133,662 | 1.6 | 135,102 | 1.6 | |||||||||||
Consumer | 127,986 | 1.6 | 217,044 | 2.6 | 204,545 | 2.4 | |||||||||||
$ | 8,253,917 | 100.0% | $ | 8,420,988 | 100.0% | $ | 8,645,609 | 100.0% | |||||||||
(a) Excludes covered loans |
4
Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
AS OF 12/31/14 | AS OF 3/31/15 | AS OF 6/30/15 | |||||||||||||||||||||||||||
Deposits by State | AMOUNT | % | # | AMOUNT | % | # | AMOUNT | % | # | ||||||||||||||||||||
WA | $ | 4,910,659 | 46.4 | % | 81 | $ | 5,028,312 | 47.0 | % | 82 | $ | 4,992,642 | 47.2 | % | 82 | ||||||||||||||
ID | 796,119 | 7.5 | 26 | 797,117 | 7.5 | 26 | 773,269 | 7.3 | 26 | ||||||||||||||||||||
OR | 1,987,015 | 18.8 | 49 | 1,991,272 | 18.6 | 49 | 1,977,131 | 18.7 | 48 | ||||||||||||||||||||
UT | 303,516 | 2.9 | 10 | 299,222 | 2.8 | 10 | 295,548 | 2.8 | 10 | ||||||||||||||||||||
NV | 357,952 | 3.4 | 11 | 349,807 | 3.3 | 11 | 350,109 | 3.3 | 11 | ||||||||||||||||||||
TX | 87,937 | 0.8 | 5 | 89,890 | 0.8 | 5 | 91,759 | 0.9 | 5 | ||||||||||||||||||||
AZ | 1,260,182 | 11.9 | 36 | 1,244,294 | 11.6 | 35 | 1,222,910 | 11.6 | 35 | ||||||||||||||||||||
NM | 875,473 | 8.3 | 29 | 892,711 | 8.3 | 29 | 875,017 | 8.3 | 28 | ||||||||||||||||||||
Total | $ | 10,578,853 | 100.0 | % | 247 | $ | 10,692,625 | 100.0 | % | 247 | $ | 10,578,385 | 100.0 | % | 245 | ||||||||||||||
Deposits by Type | AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||||||||||||||
Checking (noninterest) | $ | 870,981 | 8.2 | % | $ | 922,589 | 8.6 | % | $ | 933,645 | 8.8 | % | |||||||||||||||||
NOW (interest) | 1,436,922 | 13.6 | 1,574,294 | 14.7 | 1,556,136 | 14.7 | |||||||||||||||||||||||
Savings (passbook/stmt) | 640,731 | 6.1 | 663,863 | 6.2 | 671,426 | 6.3 | |||||||||||||||||||||||
Money Market | 2,515,564 | 23.8 | 2,547,050 | 23.8 | 2,535,329 | 24.0 | |||||||||||||||||||||||
CD's | 5,114,655 | 48.3 | 4,984,829 | 46.6 | 4,881,849 | 46.1 | |||||||||||||||||||||||
Total | $ | 10,578,853 | 100.0 | % | $ | 10,692,625 | 100.0 | % | $ | 10,578,385 | 100.0 | % | |||||||||||||||||
Deposits greater than $250,000 - EOP | $ | 1,838,690 | $ | 1,998,536 | $ | 1,999,908 | |||||||||||||||||||||||
5
Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
AS OF12/31/14 | AS OF 3/31/15 | AS OF 6/30/15 | |||||||||||||||
Non-Performing Assets | AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||
Non-accrual loans: | |||||||||||||||||
Single-Family Residential | $ | 74,415 | 75.7% | $ | 60,781 | 79.0% | $ | 56,638 | 86.7% | ||||||||
Construction - Speculative | 1,329 | 1.4 | 1,152 | 1.5 | 762 | 1.2 | |||||||||||
Construction - Custom | — | — | — | — | 355 | 0.5 | |||||||||||
Land - Acquisition & Development | — | — | — | — | — | — | |||||||||||
Land - Consumer Lot Loans | 2,260 | 2.3 | 2,458 | 3.2 | 1,308 | 2.0 | |||||||||||
Multi-Family | 1,019 | 1.0 | — | — | 786 | 1.2 | |||||||||||
Commercial Real Estate | 15,970 | 16.2 | 5,735 | 7.5 | 2,852 | 4.4 | |||||||||||
Commercial & Industrial | 673 | 0.7 | 5,018 | 6.5 | 1,205 | 1.8 | |||||||||||
HELOC | 1,454 | 1.5 | 1,175 | 1.5 | 889 | 1.4 | |||||||||||
Consumer | 1,233 | 1.3 | 576 | 0.7 | 513 | 0.8 | |||||||||||
Total non-accrual loans | 98,353 | 100.0% | 76,895 | 100.0% | 65,308 | 100.0% | |||||||||||
Total REO | 61,970 | 72,239 | 59,239 | ||||||||||||||
Total REHI | 3,994 | 4,068 | 4,336 | ||||||||||||||
Total non-performing assets | $ | 164,317 | $ | 153,202 | (b) | $ | 128,883 | (b) | |||||||||
(b) Includes $10 million from former Horizon Bank | |||||||||||||||||
Total non-performing assets as a | |||||||||||||||||
% of total assets | 1.13 | % | 1.05 | % | 0.90 | % | |||||||||||
6
Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
12/14 QTR | 3/15 QTR | 6/15 QTR | |||||||||||||||
AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||
Restructured loans: | |||||||||||||||||
Single-Family Residential | $ | 304,784 | 86.6 | $ | 290,950 | 85.6 | $ | 275,428 | 85.7 | ||||||||
Construction - Speculative | 6,651 | 1.9 | 6,408 | 1.9 | 6,370 | 2.0 | |||||||||||
Construction - Custom | — | — | — | — | — | — | |||||||||||
Land - Acquisition & Development | 4,238 | 1.2 | 4,179 | 1.2 | 3,536 | 1.1 | |||||||||||
Land - Consumer Lot Loans | 12,528 | 3.6 | 12,501 | 3.7 | 11,539 | 3.6 | |||||||||||
Multi-Family | 4,141 | 1.2 | 3,862 | 1.1 | 3,843 | 1.2 | |||||||||||
Commercial Real Estate | 18,028 | 5.1 | 20,673 | 6.1 | 19,251 | 6.0 | |||||||||||
Commercial & Industrial | — | — | — | — | — | — | |||||||||||
HELOC | 1,486 | 0.4 | 1,394 | 0.4 | 1,394 | 0.4 | |||||||||||
Consumer | 126 | — | 122 | — | 120 | — | |||||||||||
Total restructured loans | $ | 351,982 | 100.0% | $ | 340,089 | 100.0% | $ | 321,481 | 100.0% | ||||||||
Restructured loans were as follows: | |||||||||||||||||
Performing | $ | 333,854 | 94.8% | $ | 327,386 | 96.3% | $ | 308,355 | 95.9% | ||||||||
Non-performing (c) | 18,128 | 5.2 | 12,703 | 3.7 | 13,126 | 4.1 | |||||||||||
Total restructured loans | $ | 351,982 | 100.0% | $ | 340,089 | 100.0% | $ | 321,481 | 100.0% | ||||||||
(c) Included in "Total non-accrual loans" above |
7
Washington Federal, Inc.
Fact Sheet
June 30, 2015
($ in Thousands)
12/14 QTR | 3/15 QTR | 6/15 QTR | ||||||||||||||||||
AMOUNT | CO % (d) | AMOUNT | CO % (d) | AMOUNT | CO % (d) | |||||||||||||||
Net Charge-offs by Category | ||||||||||||||||||||
Single-Family Residential | $ | (859 | ) | (0.06)% | $ | (2,713 | ) | (0.20)% | $ | (2,181 | ) | (0.16)% | ||||||||
Construction - Speculative | 388 | 1.02 | (75 | ) | (0.18) | — | — | |||||||||||||
Construction - Custom | — | — | — | — | — | — | ||||||||||||||
Land - Acquisition & Development | 37 | 0.17 | (204 | ) | (0.76) | (1 | ) | — | ||||||||||||
Land - Consumer Lot Loans | 35 | 0.13 | 17 | 0.07 | 89 | 0.34 | ||||||||||||||
Multi-Family | (220 | ) | (0.09) | — | — | — | — | |||||||||||||
Commercial Real Estate | (1 | ) | — | (453 | ) | (0.20) | 1,361 | 0.55 | ||||||||||||
Commercial & Industrial | (34 | ) | (0.03) | 338 | 0.29 | 1,210 | 0.94 | |||||||||||||
HELOC | — | — | — | — | 25 | 0.07 | ||||||||||||||
Consumer | (187 | ) | (0.57) | (33 | ) | (0.06) | (192 | ) | (0.37) | |||||||||||
Total net charge-offs | $ | (841 | ) | (0.04)% | $ | (3,123 | ) | (0.14)% | $ | 313 | 0.01% | |||||||||
(d) Annualized Net Charge-offs divided by Gross Balance | ||||||||||||||||||||
SOP 03-3 | ||||||||||||||||||||
Accretable Yield | $ | 89,743 | $ | 91,290 | $ | 83,640 | ||||||||||||||
Non-Accretable Yield | 179,343 | 167,603 | 167,603 | |||||||||||||||||
Total Contractual Payments | $ | 269,086 | $ | 258,893 | $ | 251,243 | ||||||||||||||
Interest Rate Risk | ||||||||||||||||||||
One Year GAP | (11.0 | )% | (10.3 | )% | (13.2 | )% | ||||||||||||||
NPV post 200 bps shock (e) | 16.56 | % | 16.50 | % | 16.53 | % | ||||||||||||||
Change in NII after 200 bps shock (e) | (1.4 | )% | (1.1 | )% | (2.2 | )% | ||||||||||||||
(e) Assumes no balance sheet management | ||||||||||||||||||||
CD's Repricing | Amount | Rate | Amount | Rate | Amount | Rate | ||||||||||||||
Within 3 months | $ | 1,207,396 | 0.63 | % | $ | 612,836 | 0.60 | % | $ | 621,694 | 0.45 | % | ||||||||
From 4 to 6 months | 856,224 | 0.61 | % | 883,166 | 0.50 | % | 913,269 | 0.50 | % | |||||||||||
From 7 to 9 months | 500,584 | 0.63 | % | 708,921 | 0.58 | % | 620,542 | 0.61 | % | |||||||||||
From 10 to 12 months | 539,262 | 0.68 | % | 745,590 | 0.47 | % | 678,536 | 0.56 | % |
8
Washington Federal, Inc.
Fact Sheet
June 30, 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 | % | |||||||||
6/30/2015 | 18.7 | % | 15.9 | % | |||||||||
(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
June 30, 2015
Average Balance Sheet
($ in Thousands)
Quarters Ended | ||||||||||||||||||||||||||||||||
December 31, 2014 | March 31, 2015 | June 30, 2015 | ||||||||||||||||||||||||||||||
Average | Average | Average | Average | Average | Average | |||||||||||||||||||||||||||
Balance | Interest | Rate | Balance | Interest | Rate | Balance | Interest | Rate | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Loans and covered loans | $ | 8,367,285 | $ | 108,293 | 5.13 | % | $ | 8,487,458 | $ | 109,275 | 5.22 | % | $ | 8,628,344 | $ | 107,249 | 4.99 | % | ||||||||||||||
Mortgage-backed securities | 3,191,365 | 19,175 | 2.38 | 3,070,002 | 18,144 | 2.40 | 3,024,821 | 16,995 | 2.25 | |||||||||||||||||||||||
Cash & Investments | 1,876,824 | 5,415 | 1.14 | 1,688,076 | 4,813 | 1.16 | 1,543,556 | 4,625 | 1.20 | |||||||||||||||||||||||
FHLB & FRB Stock | 158,194 | 401 | 1.01 | 154,342 | 399 | 1.05 | 134,692 | 430 | 1.28 | |||||||||||||||||||||||
Total interest-earning assets | 13,593,668 | 133,284 | 3.89 | % | 13,399,878 | 132,630 | 4.01 | % | 13,331,414 | 129,300 | 3.89 | % | ||||||||||||||||||||
Other assets | 1,062,770 | 1,150,996 | 1,124,750 | |||||||||||||||||||||||||||||
Total assets | $ | 14,656,438 | $ | 14,550,874 | $ | 14,456,164 | ||||||||||||||||||||||||||
Liabilities and Equity | ||||||||||||||||||||||||||||||||
Customer accounts | 10,680,974 | 13,445 | 0.5 | % | 10,659,570 | 12,574 | 0.48 | % | 10,635,364 | 12,485 | 0.47 | % | ||||||||||||||||||||
FHLB advances | 1,920,217 | 17,656 | 3.65 | 1,830,000 | 16,176 | 3.58 | 1,820,110 | 16,250 | 3.58 | |||||||||||||||||||||||
Other borrowings | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
Total interest-bearing liabilities | 12,601,191 | 31,101 | 0.98 | % | 12,489,570 | 28,750 | 0.93 | % | 12,455,474 | 28,735 | 0.93 | % | ||||||||||||||||||||
Other liabilities | 95,026 | 114,628 | 46,980 | |||||||||||||||||||||||||||||
Total liabilities | 12,696,217 | 12,604,198 | 12,502,454 | |||||||||||||||||||||||||||||
Stockholders’ equity | 1,960,221 | 1,946,676 | 1,953,710 | |||||||||||||||||||||||||||||
Total liabilities and equity | $ | 14,656,438 | $ | 14,550,874 | $ | 14,456,164 | ||||||||||||||||||||||||||
Net interest income | $ | 102,183 | $ | 103,881 | $ | 100,565 | ||||||||||||||||||||||||||
Net interest margin | 3.01 | % | 3.10 | % | 3.02 | % | ||||||||||||||||||||||||||
(Annualized net interest income divided by average interest-earning assets) |
10
Washington Federal, Inc.
Fact Sheet
June 30, 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 $ | ||||||||||||||||||||||
June 30, 2015 | ||||||||||||||||||||||||||||||||
Single-Family Residential | 28,055 | 198 | $ | 5,566,121 | 90 | 39 | 234 | 363 | 1.29 | % | $ | 73,236 | 1.32 | % | ||||||||||||||||||
Construction - Speculative | 608 | 194 | 117,711 | — | — | 1 | 1 | 0.16 | % | — | — | % | ||||||||||||||||||||
Construction - Custom | 765 | 268 | 204,914 | 1 | 1 | 1 | 3 | 0.39 | % | 774 | 0.38 | % | ||||||||||||||||||||
Land - Acquisition & Development | 138 | 549 | 75,726 | 2 | — | 2 | 4 | 2.90 | % | 1,498 | 1.98 | % | ||||||||||||||||||||
Land - Consumer Lot Loans | 1,250 | 84 | 105,403 | 6 | 3 | 17 | 26 | 2.08 | % | 2,852 | 2.71 | % | ||||||||||||||||||||
Multi-Family | 1,000 | 1,017 | 1,017,437 | — | 1 | 2 | 3 | 0.30 | % | 1,041 | 0.10 | % | ||||||||||||||||||||
Commercial Real Estate | 978 | 890 | 870,691 | 3 | 1 | 8 | 12 | 1.23 | % | 3,196 | 0.37 | % | ||||||||||||||||||||
Commercial & Industrial | 1,173 | 437 | 512,966 | 3 | — | 3 | 6 | 0.51 | % | 930 | 0.18 | % | ||||||||||||||||||||
HELOC | 2,151 | 64 | 137,837 | 8 | 3 | 8 | 19 | 0.88 | % | 1,792 | 1.30 | % | ||||||||||||||||||||
Consumer | 5,432 | 38 | 208,956 | 103 | 34 | 36 | 173 | 3.18 | % | 1,097 | 0.53 | % | ||||||||||||||||||||
41,550 | 212 | $ | 8,817,761 | 216 | 82 | 312 | 610 | 1.47 | % | $ | 86,416 | 0.98 | % | |||||||||||||||||||
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 | % |
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