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Washington Federal, Inc.
Fact Sheet
December 31, 2005
($ in Thousands)
6/05 QTR 9/05 QTR 12/05 QTR
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Loan Loss Reserve - Total $ 24,868 $ 24,756 $ 24,736
- General 24,371 24,259 24,410
- Specific 498 497 327
Net Charge-offs (Recoveries) for the Qtr (8) 112 20
Nonperforming Assets - Total 7,975 7,344 7,779
- REO 643 756 410
- Nonaccrual 7,332 6,588 7,369
Troubled Debt Restructuring 572 573 281
Regulatory Capital Ratios - Tangible 1,102,496 14.09% 1,123,485 13.75% 1,144,708 13.86%
- Core 1,102,496 14.09 1,123,485 13.75 1,144,708 13.86
- Risk Based 1,118,939 26.25 1,140,877 26.75 1,163,041 25.65
6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD 12/05 QTR
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Loan Originations - Total $ 667,886 $1,743,263 $ 693,563 $2,436,826 $ 597,101
- Single-Family 320,126 855,401 354,156 1,209,557 297,693
- Multi-Family 40,470 98,989 52,850 151,839 32,792
- Land 121,490 269,548 89,314 358,862 91,146
- Construction 185,800 519,325 197,243 716,568 175,470
6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD 12/05 QTR
-------- -------- -------- -------- --------
Loan Servicing Fee Income $ 1,651 $ 4,917 $ 1,910 $ 6,827 $ 1,722
Other Fee Income 237 705 341 1,046 221
-------- -------- -------- -------- --------
Total Fee Income $ 1,888 $ 5,622 $ 2,251 $ 7,873 $ 1,943
======== ======== ======== ======== ========
6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD 12/05 QTR
-------- -------- -------- -------- --------
Average Loans $5,643,508 $5,422,368 $5,856,081 $5,531,687 $6,154,927
Average Earning Assets 7,571,048 7,364,978 7,794,351 7,473,204 8,090,609
Average Assets 7,777,389 7,586,711 8,031,363 7,697,085 8,270,488
Average Paying Liabilities 6,442,057 6,252,803 6,642,604 6,351,054 6,890,433
Operating Expenses/Average Assets 0.66% 0.68% 0.68% 0.68% 0.61%
Efficiency Ratio 19.55 18.42 21.64 19.16 18.75
Amortization of Intangibles $ 293 $ 917 $ 281 $ 1,198 $ 269
Repayments 6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD 12/05 QTR
- ---------- -------- -------- -------- -------- --------
Loans $ 475,893 $1,257,678 $ 510,214 $1,767,892 $ 467,061
MBS 53,199 154,689 67,009 221,698 54,625
EOP Numbers 6/05 QTR 9/05 QTR 12/05 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 86,777,363 86,933,294 87,017,789
Share repurchase information 6/05 QTR 6/05 YTD 9/05 QTR 9/05 YTD 12/05 QTR
- ---------------------------- -------- -------- -------- -------- --------
Remaining shares auth. for repurchase 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 6/05 QTR 9/05 QTR 12/05 QTR
- ------------------- -------- -------- --------
$ Amount $1,116,156 $1,130,049 $1,141,648
Per Share 12.86 13.00 13.12
# of Employees 770 749 751
Tax Rate - Going Forward 35.50% 35.50% 35.50%
6/05 QTR 9/05 QTR 12/05 QTR
---------------- ---------------- ----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $4,451,132 70.2% $4,630,411 70.2% $4,840,030 70.7%
Multi-Family 481,184 7.6 501,823 7.6 506,939 7.4
Construction 978,411 15.5 1,021,419 15.5 1,042,005 15.2
Land 421,966 6.7 438,621 6.7 460,326 6.7
---------- ---- ---------- ---- ---------- ----
Gross Loans (before ALL/Deferrals/LIP) $6,332,693 100% $6,592,274 100% $6,849,300 100%
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6/05 QTR 9/05 QTR 12/05 QTR
----------------------- ----------------------- -----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,255,177 46.8% 43 $2,350,615 46.7 43 $2,380,167 46.8% 43
ID 504,357 10.5 16 519,962 10.3 16 524,886 10.3 16
OR 862,457 17.9 27 911,691 18.1 27 913,637 18.0 27
UT 291,300 6.1 10 299,609 6.0 10 299,433 5.9 10
NV 103,619 2.2 3 127,514 2.5 3 136,666 2.7 3
TX 36,162 0.8 2 49,420 1.0 3 57,496 1.1 3
AZ 755,613 15.7 20 772,694 15.4 20 775,042 15.2 20
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $4,808,685 100% 121 $5,031,505 100% 122 $5,087,327 100% 122
========== ==== === ========== ==== === ========== ==== ===
6/05 QTR 9/05 QTR 12/05 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 14,611 0.3% $ 34,013 0.7% $ 29,306 0.6%
NOW (interest) 176,537 3.7 171,469 3.4 175,067 3.4
Savings (passbook/stmt) 200,176 4.2 191,919 3.8 187,034 3.7
Money Market 894,682 18.6 871,945 17.3 886,032 17.4
CD's 3,522,679 73.2 3,762,159 74.8 3,809,888 74.9
---------- ---- ---------- ---- ---------- ----
Total $4,808,685 100% $5,031,505 100% $5,087,327 100%
========== ==== ========== ==== ========== ====
Deposits greater than $100,000 - EOP $1,268,965 $1,365,486 $1,412,390
Brokered Deposits $ --- $ --- $ ---
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