Washington Federal (WAFD) 8-K Washington Federal Announces 4th Quarter Results

Exhibit 99.2

Washington Federal, Inc.

Fact Sheet

September 30, 2008

($ in Thousands)

	3/08 QTR						6/08 QTR						9/08 QTR
Loan Loss Reserve-Total	$	47,005					$	54,059					$	85,058
- General		44,038						46,711						56,162
- Specific		2,967						7,348						28,896
Net Charge-offs (Recoveries) for the Qtr		3,046						6,163						5,800
Non-performing Assets - Total		68,479						85,107						164,191
- REO		12,010						20,877						37,082
- Non-accrual		56,469						64,230						127,109
Troubled Debt Restructuring		571						2,663						6,210
	3/08 QTR			3/08 YTD			6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD
Loan Originations - Total	$	520,132		$	925,941		$	600,896		$	1,526,837		$	547,338		$	2,074,175
Single-Family Residential		196,861			443,393			230,189			673,582			212,819			886,401
Construction - Speculative		84,736			147,166			40,411			187,577			30,568			218,145
Custom Construction		57,535			92,532			87,284			179,816			94,963			274,779
Land - Acquisition & Development		57,506			82,652			49,701			132,353			15,867			148,220
Consumer - Lot Loans		5,786			12,659			7,339			19,998			5,912			25,910
Multi-Family		19,495			38,655			43,959			82,614			23,191			105,805
Commercial Real Estate		16,403			19,215			8,355			27,570			39,305			66,875
Commercial & Industrial		43,227			45,327			71,189			116,516			71,231			187,747
HELOC		14,511			19,572			21,257			40,829			23,025			63,854
Consumer		24,072			24,770			41,212			65,982			30,457			96,439
	3/08 QTR			3/08 YTD			6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD
Loan Servicing Fee Income	$	1,930		$	3,382		$	2,452		$	5,834		$	1,495		$	7,328
Other Fee Income		766			1,406			840			2,246			986			3,232
Total Fee Income	$	2,696		$	4,788		$	3,292		$	8,080		$	2,480		$	10,560
	3/08 QTR			3/08 YTD			6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD
Average Loans	$	8,936,981		$	8,596,275		$	9,388,539		$	8,859,399		$	9,473,130		$	9,013,671
Average Earning Assets		10,870,589			10,536,206			11,306,467			10,792,023			11,359,629			10,934,700
Average Assets		11,157,129			10,846,676			11,775,024			11,128,758			11,826,797			11,292,271
Average Paying Liabilities		9,779,373			9,396,922			10,234,804			9,675,197			10,315,832			9,836,231
Operating Expenses/Average Assets		0.78	%		0.72	%		0.80	%		0.75	%		0.83	%		0.77	%
Efficiency Ratio		28.10			26.50			27.51			26.98			27.89			27.23
Amortization of Intangibles		619		$	1,195			634		$	1,829		$	612		$	2,441
Net Interest Margin		2.71	%		2.64	%		2.85	%		2.71	%		2.97	%		2.78	%
	3/08 QTR			3/08 YTD			6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD
Repayments
Loans	$	520,771		$	852,487		$	514,985		$	1,367,472		$	469,100		$	1,836,572
MBS		56,164			93,310			58,443			151,753			39,248			191,001
	3/08 QTR						6/08 QTR						9/08 QTR
EOP Numbers
Shares Issued and Outstanding		87,800,628						87,828,584						87,916,286
	3/08 QTR			3/08 YTD			6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD
Share repurchase information
Remaining shares auth. for repurchase		2,888,314			2,888,314			2,888,314			2,888,314			2,888,314			2,888,314
Shares repurchased		—			—			—			—			—			—
Average share repurchase price	$	—		$	—		$	—		$	—		$	—		$	—

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Washington Federal, Inc.

Fact Sheet

September 30, 2008

($ in Thousands)

	3/08 QTR						6/08 QTR						9/08 QTR
Tangible Book Value
$ Amount	$	1,152,733					$	1,146,146					$	1,111,380
Per Share		13.13						13.05						12.64
# of Employees		1,053						1,072						1,095
Tax Rate - Going Forward		35.50	%					35.50	%					35.50	%
	AS OF 3/31/08						AS OF 6/30/08						AS OF 9/30/08
	AMOUNT			%			AMOUNT			%			AMOUNT			%
Loan Portfolio by Category
Single-Family Residential	$	6,578,993		67.3	%		$	6,709,942		68.1	%		$	6,868,956		69.5	%
Construction - Speculative		630,531		6.4				548,376		5.6				439,616		4.4
Custom Construction		345,551		3.5				307,461		3.1				317,894		3.2
Land - Acquisition & Development		753,393		7.7				737,931		7.5				724,421		7.3
Consumer - Lot Loans		213,543		2.2				214,674		2.2				210,816		2.1
Multi-Family		696,301		7.1				692,963		7.0				683,508		6.9
Commercial Real Estate		278,018		2.8				264,599		2.7				282,138		2.8
Commercial & Industrial		121,300		1.2				160,422		1.6				151,844		1.5
HELOC		59,712		0.6				68,638		0.7				80,407		0.8
Consumer		118,107		1.2				142,786		1.4				153,072		1.5
		9,795,449		100	%			9,847,792		100	%			9,912,672		100	%
Less:
ALL		47,005						54,059						85,058
Loans in Process		385,544						330,556						288,579
Deferred Net Origination Fees		38,183						37,303						37,415
		470,732						421,918						411,052
	$	9,324,717					$	9,425,874					$	9,501,620
	AS OF 3/31/08						AS OF 6/30/08						AS OF 9/30/08
	AMOUNT			%		#	AMOUNT			%		#	AMOUNT			%		#
Deposits by State
WA	$	3,416,404		48.1	%	53	$	3,443,750		47.9	%	53	$	3,464,981		48.4	%	54
ID		577,398		8.1		16		578,178		8.1		16		575,424		8.0		16
OR		1,200,243		16.9		27		1,222,487		17.0		27		1,239,302		17.3		28
UT		320,460		4.5		10		321,600		4.5		10		320,663		4.5		10
NV		128,450		1.8		3		131,760		1.8		3		118,084		1.6		3
TX		107,720		1.5		6		115,822		1.6		6		106,671		1.5		6
AZ		911,707		12.9		20		928,161		12.9		20		918,215		12.8		20
NM		424,412		6.0		11		432,244		6.0		11		426,199		5.9		11
Total	$	7,086,794		100	%	146	$	7,174,002		100	%	146	$	7,169,539		100	%	148
	3/08 QTR						6/08 QTR						9/08 QTR
	AMOUNT			%			AMOUNT			%			AMOUNT			%
Deposits by Type
Checking (noninterest)	$	139,820		2.0	%		$	131,502		1.8	%		$	119,460		1.7	%
NOW (interest)		404,876		5.7				398,937		5.6				397,512		5.5
Savings (passbook/stmt)		199,053		2.8				191,361		2.7				188,546		2.6
Money Market		1,038,741		14.7				1,187,076		16.5				1,231,542		17.2
CD’s		5,304,304		74.8				5,265,126		73.4				5,232,479		73.0
Total	$	7,086,794		100	%		$	7,174,002		100	%		$	7,169,539		100	%
Deposits greater than $100,000 - EOP	$	2,342,866					$	2,487,421					$	2,422,754
Brokered Deposits	$	—					$	—					$	—

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Washington Federal, Inc.

Fact Sheet

September 30, 2008

($ in Thousands)

	3/08 QTR			6/08 QTR			9/08 QTR
Non-Performing Assets
Restructured loans	$	571		$	2,663		$	6,210
Non-accrual loans:
Single-Family Residential		14,608			21,783			38,016
Construction - Speculative		25,248			28,668			33,003
Custom Construction		452			682			1,315
Land - Acquisition & Development		5,945			8,743			51,562
Consumer - Lot Loans		172			—			—
Multi-Family		208			—			748
Commercial Real Estate		6,868			1,862			1,929
Commercial & Industrial		2,228			1,851			—
HELOC		—			—			—
Consumer		729			641			535
Total non-accrual loans		56,458			64,230			127,109
Total REO		12,021			20,877			37,082
Total non-performing assets	$	68,479		$	85,107		$	164,191
Total non-performing assets and restructured loans	$	69,050		$	87,770		$	170,401
Total non-performing assets and restructured loans as a % of total assets		0.59	%		0.74	%		1.44	%
	3/08 QTR			6/08 QTR			9/08 QTR
Net Charge-offs by Category
Single-Family Residential	$	1,055		$	197		$	918
Construction - Speculative		1,486			2,206			3,057
Custom Construction		—			—			—
Land - Acquisition & Development		30			3,041			388
Consumer - Lot Loans		—			60			80
Multi-Family		—			25			—
Commercial Real Estate		—			—			225
Commercial & Industrial		—			—			—
HELOC		—			—			—
Consumer		475			634			1,132
Total charge-offs	$	3,046		$	6,163		$	5,800

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