Washington Federal (WAFD) 8-K Washington Federal Reports Net Income of $20 Million for its First Fiscal Quarter

Exhibit 99.2

Washington Federal, Inc.

Fact Sheet

December 31, 2008

($ in Thousands)

		6/08 QTR						9/08 QTR						12/08 QTR
Loan Loss Reserve-Total		$	54,059					$	85,058					$	104,835
	- General		46,711						56,162						58,802
	- Specific		7,348						28,896						46,033
Net Charge-offs (Recoveries) for the Qtr			6,163						5,800						15,223
Non-performing Assets - Total			85,107						164,191						305,066
	- REO		20,877						37,082						61,887
	- Non-accrual		64,230						127,109						243,179
Troubled Debt Restructuring			2,663						6,210						11,667
Regulatory Capital Ratios	- Tangible		1,173,892			10.12	%		1,118,152			9.66	%		1,336,668		10.92	%
	- Core		1,173,892			10.12			1,118,152			9.66			1,336,668		10.92
	- Risk Based		1,214,932			17.95			1,168,709			17.18			1,389,865		19.70
		6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD			12/08 QTR
Loan Originations - Total		$	600,896		$	1,526,837		$	547,338		$	2,074,175		$	503,930
Single-Family Residential			230,189			673,582			212,819			886,401			218,519
Construction - Speculative			40,411			187,577			30,568			218,145			28,573
Construction - Custom			87,284			179,816			94,963			274,779			64,752
Land - Acquisition & Development			49,701			132,353			15,867			148,220			12,693
Land - Consumer Lot Loans			7,339			19,998			5,912			25,910			3,790
Multi-Family			43,959			82,614			23,191			105,805			27,287
Commercial Real Estate			8,355			27,570			39,305			66,875			50,607
Commercial & Industrial			71,189			116,516			71,231			187,747			60,229
HELOC			21,257			40,829			23,025			63,854			24,715
Consumer			41,212			65,982			30,457			96,439			12,765
		6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD			12/08 QTR
Loan Servicing Fee Income		$	2,452		$	5,834		$	1,495		$	7,328		$	1,691
Other Fee Income			840			2,246			986			3,232			785
Total Fee Income		$	3,292		$	8,080		$	2,480		$	10,560		$	2,476
		6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD			12/08 QTR
Average Loans		$	9,388,539		$	8,859,399		$	9,473,130		$	9,013,671		$	9,580,963
Average Earning Assets			11,306,467			10,792,023			11,359,629			10,934,700			11,623,051
Average Assets			11,775,024			11,128,758			11,826,797			11,292,271			12,156,626
Average Paying Liabilities			10,234,804			9,675,197			10,315,832			9,836,231			10,615,787
Operating Expenses/Average Assets			0.80	%		0.75	%		0.83	%		0.77	%		0.80	%
Efficiency Ratio			27.51			26.98			27.89			27.23			25.84
Amortization of Intangibles			634		$	1,829		$	612		$	2,441		$	550
Net Interest Margin			2.85	%		2.71	%		2.97	%		2.78	%		3.10	%
		6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD			12/08 QTR
Repayments
Loans		$	514,985		$	1,367,472		$	469,100		$	1,836,572		$	369,628
MBS			58,443			151,753			39,248			191,001			36,095
		6/08 QTR						9/08 QTR						12/08 QTR
EOP Numbers
Shares Issued and Outstanding			87,828,584						87,916,286						87,917,527
		6/08 QTR			6/08 YTD			9/08 QTR			9/08 YTD			12/08 QTR
Share repurchase information
Remaining shares auth. for repurchase			2,888,314			2,888,314			2,888,314			2,888,314			2,888,314
Shares repurchased			—			—			—			—			—
Average share repurchase price		$	—		$	—		$	—		$	—		$	—
		6/08 QTR						9/08 QTR						12/08 QTR
Tangible Common Book Value
$ Amount		$	1,146,146					$	1,111,380					$	1,163,388
Per Share			13.05						12.64						13.23
# of Employees			1,072						1,095						1,103
Tax Rate - Going Forward			35.50	%					35.50	%					35.50	%

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Washington Federal, Inc.

Fact Sheet

December 31, 2008

($ in Thousands)

		6/08 QTR					9/08 QTR					12/08 QTR
Investments
Available-for-sale:
Agency MBS		$	1,454,404				$	1,434,836				$	1,940,516
Other			128,259					41,231					40,214
		$	1,582,663				$	1,476,067				$	1,980,730
Held-to-maturity:
Agency MBS		$	119,392				$	116,767				$	114,295
Other			7,785					7,770					7,440
		$	127,177				$	124,537				$	121,735
		AS OF 6/30/08					AS OF 9/30/08					AS OF 12/31/08
		AMOUNT		%			AMOUNT		%			AMOUNT		%
Loan Portfolio by Category
Single-Family Residential		$	6,709,942	68.1	%		$	6,868,956	69.5	%		$	7,032,028	70.3	%
Construction - Speculative			548,376	5.6				439,616	4.4				385,074	3.8
Construction - Custom			307,461	3.1				317,894	3.2				298,381	3.0
Land - Acquisition & Development			737,931	7.5				724,421	7.3				706,151	7.1
Land - Consumer Lot Loans			214,674	2.2				210,816	2.1				206,276	2.1
Multi-Family			692,963	7.0				683,508	6.9				695,164	6.9
Commercial Real Estate			264,599	2.7				282,138	2.8				303,321	3.0
Commercial & Industrial			160,422	1.6				151,844	1.5				137,057	1.4
HELOC			68,638	0.7				80,407	0.8				94,581	0.9
Consumer			142,786	1.4				153,072	1.5				151,858	1.5
			9,847,792	100	%			9,912,672	100	%			10,009,891	100	%
Less:
ALL			54,059					85,058					104,835
Loans in Process			330,556					288,579					232,839
Deferred Net Origination Fees			37,303					37,415					36,783
			421,918					411,052					374,457
		$	9,425,874				$	9,501,620				$	9,635,434
		AS OF 6/30/08					AS OF 9/30/08					AS OF 12/31/08
		AMOUNT		%		#	AMOUNT		%		#	AMOUNT		%		#
Deposits by State
	WA	$	3,443,750	47.9	%	53	$	3,464,981	48.4	%	54	$	3,493,665	48.0	%	54
	ID		578,178	8.1		16		575,424	8.0		16		580,709	8.0		16
	OR		1,222,487	17.0		27		1,239,302	17.3		28		1,263,767	17.3		28
	UT		321,600	4.5		10		320,663	4.5		10		321,913	4.4		10
	NV		131,760	1.8		3		118,084	1.6		3		116,578	1.6		3
	TX		115,822	1.6		6		106,671	1.5		6		104,775	1.4		6
	AZ		928,161	12.9		20		918,215	12.8		20		966,382	13.3		21
	NM		432,244	6.0		11		426,199	5.9		11		436,954	6.0		11
	Total	$	7,174,002	100	%	146	$	7,169,539	100	%	148	$	7,284,743	100	%	149
		6/08 QTR					9/08 QTR					12/08 QTR
		AMOUNT		%			AMOUNT		%			AMOUNT		%
Deposits by Type
Checking (noninterest)		$	131,502	1.8	%		$	119,460	1.7	%		$	119,868	1.6	%
NOW (interest)			398,937	5.6				397,512	5.5				401,710	5.5
Savings (passbook/stmt)			191,361	2.7				188,546	2.6				190,086	2.6
Money Market			1,187,076	16.5				1,231,542	17.2				1,202,728	16.5
CD’s			5,265,126	73.4				5,232,479	73.0				5,370,351	73.8
Total		$	7,174,002	100	%		$	7,169,539	100	%		$	7,284,743	100	%
Deposits greater than $100,000 - EOP		$	2,487,421				$	2,422,754				$	2,484,150
Brokered Deposits		$	—				$	—				$	—

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Washington Federal, Inc.

Fact Sheet

December 31, 2008

($ in Thousands)

	6/08 QTR			9/08 QTR			12/08 QTR
Non-Performing Assets
Restructured loans	$	2,663		$	6,210		$	11,667
Non-accrual loans:
Single-Family Residential		21,783			38,016			54,597
Construction - Speculative		28,668			33,003			29,035
Construction - Custom		682			1,315			1,405
Land - Acquisition & Development		8,743			51,562			150,674
Land - Consumer Lot Loans		—			—			—
Multi-Family		—			748			5,964
Commercial Real Estate		1,862			1,929			397
Commercial & Industrial		1,851			—			215
HELOC		—			—			—
Consumer		641			535			892
Total non-accrual loans		64,230			127,109			243,179
Total REO		20,877			37,082			61,887
Total non-performing assets	$	85,107		$	164,191		$	305,066
Total non-performing assets and restructured loans	$	87,770		$	170,401		$	316,733
Total non-performing assets and restructured loans as a % of total assets		0.74	%		1.44	%		2.53	%
	6/08 QTR			9/08 QTR			12/08 QTR
Net Charge-offs by Category
Single-Family Residential	$	197		$	918		$	3,076
Construction - Speculative		2,206			3,057			4,505
Construction - Custom		—			—			—
Land - Acquisition & Development		3,041			388			3,541
Land - Consumer Lot Loans		60			80			720
Multi-Family		25			—			—
Commercial Real Estate		—			225			—
Commercial & Industrial		—			—			2,127
HELOC		—			—			—
Consumer		634			1,132			1,254
Total charge-offs	$	6,163		$	5,800		$	15,223

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