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Washington Federal, Inc.
Fact Sheet
September 30, 2005
($ in Thousands)
3/05 QTR 6/05 QTR 9/05 QTR
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Loan Loss Reserve - Total $ 24,994 $ 24,868 $ 24,756
- General 24,362 24,371 24,259
- Specific 631 498 497
Net Charge-offs (Recoveries) for the Qtr 14 (8) 112
Nonperforming Assets - Total 9,082 7,975 7,344
- REO 1,590 643 756
- Nonaccrual 7,492 7,332 6,588
Troubled Debt Restructuring 766 572 573
Capital Ratios - Tangible 1,084,950 14.42% 1,102,496 14.09% 1,123,485 13.75%
- Core 1,084,950 14.42 1,102,496 14.09 1,123,485 13.75
- Risk Based 1,099,833 26.82 1,118,939 26.25 1,140,877 26.75
3/05 QTR 3/05 YTD 6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD
-------- ---------- -------- -------- --------- --------
Loan Originations - Total $ 511,406 $ 1,075,377 $ 667,886 $1,743,263 $ 693,563 $2,436,826
- Single-Family 253,242 535,275 320,126 855,401 354,156 1,209,557
- Multi-Family 25,923 58,519 40,470 98,989 52,850 151,839
- Land 75,331 148,058 121,490 269,548 89,314 358,862
- Construction 156,910 333,525 185,800 519,325 197,243 716,568
3/05 QTR 3/05 YTD 6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD
-------- ----------- -------- -------- -------- --------
Loan Servicing Fee Income $ 1,694 $ 3,266 $ 1,651 $ 4,917 $ 1,910 $ 6,827
Other Fee Income 237 468 237 705 341 1,046
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Total Fee Income $ 1,931 $ 3,734 $ 1,888 $ 5,622 $ 2,251 $ 7,873
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3/05 QTR 3/05 YTD 6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD
-------- ----------- -------- -------- -------- --------
Average Loans $5,422,200 $ 5,311,797 $5,643,508 $5,422,368 $5,856,081 $5,531,687
Average Earning Assets 7,380,416 7,261,943 7,571,048 7,364,978 7,794,351 7,473,204
Average Assets 7,586,058 7,478,002 7,777,389 7,586,711 8,031,363 7,697,085
Average Paying Liabilities 6,247,571 6,158,176 6,442,057 6,252,803 6,642,604 6,351,054
Operating Expenses/Average Assets 0.74% 0.69% 0.66% 0.68% 0.68% 0.68%
Efficiency Ratio 18.16 17.91 19.55 18.42 21.64 19.16
Amortization of Intangibles $ 306 $ 624 $ 293 $ 917 $ 281 $ 1,198
Repayments 3/05 QTR 3/05 YTD 6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD
- ---------- -------- ---------- -------- -------- -------- --------
Loans $ 381,643 $ 781,785 $ 475,893 $1,257,678 $ 510,214 $1,767,892
MBS 46,100 101,490 53,199 154,689 67,009 221,698
EOP Numbers 3/05 QTR 6/05 QTR 9/05 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 86,707,298 86,777,363 86,933,294
Share repurchase information 3/05 QTR 3/05 YTD 6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD
- ---------------------------- -------- ---------- -------- -------- -------- --------
Remaining shares auth. for repurchase 3,310,014 3,310,014 3,310,014 3,310,014 3,310,014 3,310,014
Shares repurchased - - - - - -
Average share repurchase price $ - $ - $ - $ - $ - $ -
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Tangible Book Value 3/05 QTR 6/05 QTR 9/05 QTR
- ------------------- -------- -------- ---------
$ Amount $1,091,196 $1,116,156 $1,130,049
Per Share 12.58 12.86 13.00
# of Employees 756 770 749
Tax Rate - Going Forward 35.50% 35.50% 35.50%
3/05 QTR 6/05 QTR 9/05 QTR
---------------- ---------------- ----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $4,248,491 70.6% $4,451,132 70.2% $4,630,411 70.2%
Multi-Family 470,635 7.8 481,184 7.6 501,823 7.6
Construction 931,861 15.5 978,411 15.5 1,021,419 15.5
Land 365,360 6.1 421,966 6.7 438,621 6.7
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Gross Loans (before ALL/Deferrals/LIP) $6,016,347 100% $6,332,693 100% $6,592,274 100%
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3/05 QTR 6/05 QTR 9/05 QTR
----------------------- ----------------------- -----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,252,898 47.8% 43 $2,255,177 46.8% 43 $2,350,615 46.7% 43
ID 500,663 10.6 16 504,357 10.5 16 519,962 10.3 16
OR 836,936 17.7 27 862,457 17.9 27 911,691 18.1 27
UT 287,686 6.1 10 291,300 6.1 10 299,609 6.0 10
NV 63,361 1.3 3 103,619 2.2 3 127,514 2.5 3
TX 35,412 0.7 2 36,162 0.8 2 49,420 1.0 3
AZ 745,633 15.8 20 755,613 15.7 20 772,694 15.4 20
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $4,722,589 100% 121 $4,808,685 100% 121 $5,031,505 100% 122
========== ==== === ========== ==== === ========== ==== ===
3/05 QTR 6/05 QTR 9/05 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 12,560 0.3% $ 14,611 0.3% $ 34,013 0.7%
NOW (interest) 181,300 3.8 176,537 3.7 171,469 3.4
Savings (passbook/stmt) 210,080 4.4 200,176 4.2 191,919 3.8
Money Market 942,680 20.0 894,682 18.6 871,945 17.3
C.D.'s 3,375,969 71.5 3,522,679 73.2 3,762,159 74.8
---------- ---- ---------- ---- ---------- ----
Total $4,722,589 100% $ 4,808,685 100% $5,031,505 100%
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Deposits greater than $100,000 - EOP $1,240,065 $1,268,965 $1,365,486
Brokered Deposits $ - $ - $ -
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