Exhibit 99.2
Washington Federal, Inc.
Fact Sheet
December 31, 2007
($ in Thousands)
6/07 QTR | 9/07 QTR | 12/07 QTR | |||||||
Loan Loss Reserve-Total | $ | 28,817 | $ | 28,520 | $ | 29,370 | |||
- General | 28,217 | 27,928 | 28,472 | ||||||
- Specific | 601 | 593 | 898 | ||||||
Net Charge-offs (Recoveries) for the Qtr | 187 | 647 | 150 | ||||||
Nonperforming Assets - Total | 12,024 | 15,931 | 39,741 | ||||||
- REO | 2,740 | 1,413 | 2,932 | ||||||
- Nonaccrual | 9,284 | 14,518 | 36,809 | ||||||
Troubled Debt Restructuring | 256 | 250 | 573 |
6/07 QTR | 6/07 YTD | 9/07 QTR | 9/07 YTD | 12/07 QTR | ||||||||||||||||
Loan Originations- Total | $ | 664,052 | $ | 1,726,537 | $ | 575,408 | $ | 2,301,945 | $ | 405,809 | ||||||||||
Single-Family Residential | 239,564 | 591,738 | 243,474 | 835,212 | 223,225 | |||||||||||||||
Construction - Speculative | 140,633 | 423,595 | 94,429 | 518,024 | 62,430 | |||||||||||||||
Custom Construction | 118,128 | 264,731 | 72,847 | 337,578 | 64,062 | |||||||||||||||
Land - Acquisition & Development | 123,204 | 331,874 | 111,920 | 443,794 | 25,146 | |||||||||||||||
Consumer - Lot Loans | 14,122 | 32,395 | 9,903 | 42,298 | 6,873 | |||||||||||||||
Multi-Family | 21,281 | 64,716 | 33,737 | 98,453 | 19,160 | |||||||||||||||
Commercial | 7,120 | 17,488 | 9,098 | 26,586 | 4,913 | |||||||||||||||
6/07 QTR | 6/07 YTD | 9/07 QTR | 9/07 YTD | 12/07 QTR | ||||||||||||||||
Loan Servicing Fee Income | $ | 1,644 | $ | 4,454 | $ | 1,697 | $ | 6,151 | $ | 1,452 | ||||||||||
Other Fee Income | 676 | 1,357 | 733 | 2,090 | 640 | |||||||||||||||
Total Fee Income | $ | 2,320 | $ | 5,811 | $ | 2,430 | $ | 8,241 | $ | 2,091 | ||||||||||
6/07 QTR | 6/07 YTD | 9/07 QTR | 9/07 YTD | 12/07 QTR | ||||||||||||||||
Average Loans | $ | 7,851,203 | $ | 7,510,455 | $ | 8,003,878 | $ | 7,634,825 | $ | 8,259,272 | ||||||||||
Average Earning Assets | 9,606,439 | 9,248,879 | 9,790,997 | 9,385,523 | 10,205,457 | |||||||||||||||
Average Assets | 9,900,580 | 9,502,789 | 10,127,481 | 9,657,822 | 10,468,713 | |||||||||||||||
Average Paying Liabilities | 8,447,141 | 8,068,740 | 8,656,288 | 8,216,834 | 9,018,629 | |||||||||||||||
Operating Expenses/Average Assets | 0.70 | % | 0.66 | % | 0.70 | % | 0.67 | % | 0.66 | % | ||||||||||
Efficiency Ratio | 24.03 | 22.96 | 25.32 | 23.56 | 24.71 | |||||||||||||||
Amortization of Intangibles | $ | 601 | $ | 1,230 | $ | 589 | $ | 1,819 | $ | 576 | ||||||||||
Net Interest Margin | 2.77 | % | 2.80 | % | 2.70 | % | 2.77 | % | 2.56 | % | ||||||||||
6/07 QTR | 6/07 YTD | 9/07 QTR | 9/07 YTD | 12/07 QTR | ||||||||||||||||
Repayments | ||||||||||||||||||||
Loans | $ | 474,010 | $ | 1,289,097 | $ | 415,242 | $ | 1,704,339 | $ | 331,716 | ||||||||||
MBS | 47,846 | 139,685 | 43,978 | 183,663 | 37,146 |
6/07 QTR | 9/07 QTR | 12/07 QTR | ||||
EOP Numbers | ||||||
Shares Issued and Outstanding | 87,360,751 | 87,441,750 | 87,475,272 |
6/07 QTR | 6/07 YTD | 9/07 QTR | 9/07 YTD | 12/07 QTR | |||||||||||
Share repurchase information | |||||||||||||||
Remaining shares auth. for repurchase | 2,988,314 | 2,988,314 | 2,888,314 | 2,888,314 | 2,888,314 | ||||||||||
Shares repurchased | 71,700 | 321,700 | 100,000 | 421,700 | — | ||||||||||
Average share repurchase price | $ | 23.59 | $ | 23.44 | $ | 23.07 | $ | 23.35 | $ | — |
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Washington Federal, Inc.
Fact Sheet
December 31, 2007
($ in Thousands)
6/07 QTR | 9/07 QTR | 12/07 QTR | ||||||||||
Tangible Book Value | ||||||||||||
$ Amount | $ | 1,187,583 | $ | 1,210,882 | $ | 1,235,362 | ||||||
Per Share | 13.59 | 13.85 | 14.12 | |||||||||
# of Employees | 898 | 886 | 880 | |||||||||
Tax Rate - Going Forward | 35.85 | % | 35.85 | % | 35.85 | % |
AS OF 6/30/07 | AS OF 9/30/07 | AS OF 12/31/07 | ||||||||||||||||
AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||||
Loan Portfolio by Category | ||||||||||||||||||
Single-Family Residential | $ | 5,904,478 | 68.9 | % | $ | 6,091,261 | 69.7 | % | $ | 6,232,406 | 70.7 | % | ||||||
Construction - Speculative | 740,992 | 8.6 | 707,503 | 8.1 | 668,292 | 7.6 | ||||||||||||
Custom Construction | 379,650 | 4.4 | 328,929 | 3.7 | 318,947 | 3.6 | ||||||||||||
Land - Acquisition & Development | 705,772 | 8.2 | 755,577 | 8.7 | 746,078 | 8.5 | ||||||||||||
Consumer - Lot Loans | 157,408 | 1.8 | 159,001 | 1.8 | 158,475 | 1.8 | ||||||||||||
Multi-Family | 548,194 | 6.4 | 558,846 | 6.4 | 564,195 | 6.4 | ||||||||||||
Commercial | 141,542 | 1.7 | 135,910 | 1.6 | 123,403 | 1.4 | ||||||||||||
8,578,036 | 100 | % | 8,737,027 | 100 | % | 8,811,796 | 100 | % | ||||||||||
Less: | ||||||||||||||||||
ALL | 28,817 | 28,520 | 29,370 | |||||||||||||||
Loans in Process | 538,949 | 480,812 | 387,913 | |||||||||||||||
Deferred Net Origination Fees | 39,958 | 39,417 | 38,699 | |||||||||||||||
607,724 | 548,749 | 455,982 | ||||||||||||||||
$ | 7,970,312 | $ | 8,188,278 | $ | 8,355,814 | |||||||||||||
AS OF 6/30/07 | AS OF 9/30/07 | AS OF 12/31/07 | ||||||||||||||||||||||
AMOUNT | % | # | AMOUNT | % | # | AMOUNT | % | # | ||||||||||||||||
Deposits by State | ||||||||||||||||||||||||
WA | $ | 2,530,068 | 42.5 | % | 43 | $ | 2,552,796 | 42.6 | % | 42 | $ | 2,579,086 | 42.4 | % | 42 | |||||||||
ID | 542,591 | 9.1 | 16 | 562,284 | 9.4 | 16 | 559,981 | 9.2 | 16 | |||||||||||||||
OR | 1,101,642 | 18.5 | 27 | 1,132,121 | 18.9 | 27 | 1,156,459 | 19.1 | 27 | |||||||||||||||
UT | 318,237 | 5.3 | 10 | 322,732 | 5.4 | 10 | 313,056 | 5.2 | 10 | |||||||||||||||
NV | 126,302 | 2.1 | 3 | 117,945 | 2.0 | 3 | 121,898 | 2.0 | 3 | |||||||||||||||
TX | 95,652 | 1.6 | 6 | 85,132 | 1.4 | 6 | 90,548 | 1.5 | 6 | |||||||||||||||
AZ | 821,602 | 13.8 | 20 | 809,514 | 13.5 | 20 | 828,446 | 13.7 | 20 | |||||||||||||||
NM | 418,862 | 7.0 | 11 | 414,261 | 6.9 | 11 | 416,457 | 6.9 | 11 | |||||||||||||||
Total | $ | 5,954,956 | 100 | % | 136 | $ | 5,996,785 | 100 | % | 135 | $ | 6,065,931 | 100 | % | 135 | |||||||||
6/07 QTR | 9/07 QTR | 12/07 QTR | ||||||||||||||||
AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||||
Deposits by Type | ||||||||||||||||||
Checking (noninterest) | $ | 100,394 | 1.7 | % | $ | 88,732 | 1.5 | % | $ | 73,535 | 1.2 | % | ||||||
NOW (interest) | 320,588 | 5.4 | 320,362 | 5.3 | 359,250 | 5.9 | ||||||||||||
Savings (passbook/stmt) | 205,839 | 3.5 | 198,876 | 3.3 | 198,486 | 3.3 | ||||||||||||
Money Market | 764,610 | 12.8 | 739,554 | 12.3 | 719,198 | 11.9 | ||||||||||||
CD’s | 4,563,525 | 76.6 | 4,649,261 | 77.6 | 4,715,462 | 77.7 | ||||||||||||
Total | $ | 5,954,956 | 100 | % | $ | 5,996,785 | 100 | % | $ | 6,065,931 | 100 | % | ||||||
Deposits greater than $100,000 - EOP | $ | 1,548,867 | $ | 1,579,462 | $ | 1,629,274 | ||||||||||||
Brokered Deposits | $ | — | $ | — | $ | — |
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