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Washington Federal, Inc.
Fact Sheet
March 31, 2006
($ in Thousands)
9/05 QTR 12/05 QTR 3/06 QTR
-------- -------- ---------
Loan Loss Reserve - Total $ 24,756 $ 24,736 $ 24,810
- General 24,259 24,410 24,484
- Specific 497 327 326
Net Charge-offs (Recoveries) for the Qtr 112 20 12
Nonperforming Assets - Total 7,344 7,779 6,957
- REO 756 410 0
- Nonaccrual 6,588 7,369 6,957
Troubled Debt Restructuring 573 281 284
Regulatory Capital Ratios - Tangible 1,123,485 13.75% 1,144,708 13.86% 1,166,993 13.65%
- Core 1,123,485 13.75 1,144,708 13.86 1,166,993 13.65
- Risk Based 1,140,877 26.75 1,163,041 25.65 1,184,961 25.21
9/05 QTR 9/05 YTD 12/05 QTR 3/06 QTR 3/06 YTD
-------- -------- -------- -------- --------
Loan Originations - Total $ 693,563 $2,436,826 $ 597,101 $ 561,884 $1,158,985
- Single-Family 354,156 1,209,557 297,693 221,636 519,329
- Multi-Family 52,850 151,839 32,792 37,965 70,757
- Land 89,314 358,862 91,146 108,073 199,219
- Construction 197,243 716,568 175,470 194,210 369,680
9/05 QTR 9/05 YTD 12/05 QTR 3/06 QTR 3/06 YTD
-------- -------- -------- ------- --------
Loan Servicing Fee Income $ 1,910 $ 6,827 $ 1,722 $ 1,362 $ 3,084
Other Fee Income 341 1,046 221 220 441
-------- -------- -------- -------- --------
Total Fee Income $ 2,251 $ 7,873 $ 1,943 $ 1,582 $ 3,525
======== ======== ======== ======== ========
9/05 QTR 9/05 YTD 12/05 QTR 3/06 QTR 3/06 YTD
-------- -------- -------- -------- --------
Average Loans $5,856,081 $5,531,687 $6,146,050 $6,362,119 $6,252,897
Average Earning Assets 7,794,351 7,473,204 8,077,990 8,225,619 8,150,993
Average Assets 8,031,363 7,697,085 8,270,494 8,412,784 8,346,830
Average Paying Liabilities 6,642,604 6,351,054 6,890,433 7,056,452 6,972,530
Operating Expenses/Average Assets 0.68% 0.68% 0.61% 0.64% 0.63%
Efficiency Ratio 21.64 19.16 18.78 19.62 19.21
Amortization of Intangibles $ 281 $ 1,198 $ 269 $ 256 $ 525
Repayments 9/05 QTR 9/05 YTD 12/05 QTR 3/06 QTR 3/06 YTD
- ---------- -------- -------- -------- -------- --------
Loans $ 510,214 $1,767,892 $ 467,061 $ 402,335 $ 869,396
MBS 67,009 221,698 54,625 42,979 97,604
EOP Numbers 9/05 QTR 12/05 QTR 3/06 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 86,933,294 87,017,789 87,187,699
Share repurchase information 9/05 QTR 9/05 YTD 12/05 QTR 3/06 QTR 3/06 YTD
- ---------------------------- -------- -------- -------- -------- --------
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 9/05 QTR 12/05 QTR 3/06 QTR
- ------------------- -------- --------- --------
$ Amount $1,130,049 $1,141,648 $1,158,706
Per Share 13.00 13.12 13.29
# of Employees 749 751 751
Tax Rate - Going Forward 35.50% 35.50% 34.25%
AS OF 9/30/05 AS OF 12/31/05 AS OF 3/31/06
---------------- ---------------- -----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $4,630,411 70.2% $4,840,030 70.7% $5,049,936 70.6%
Multi-Family 501,823 7.6 506,939 7.4 515,310 7.2
Construction 1,021,419 15.5 1,042,005 15.2 1,077,605 15.1
Land 438,621 6.7 460,326 6.7 505,063 7.1
---------- ---- ---------- ---- ---------- ----
Gross Loans (before ALL/Deferrals/LIP) $6,592,274 100% $6,849,300 100% $7,147,914 100%
========== ==== ========== ==== ========== ====
AS OF 9/30/05 AS OF 12/31/05 AS OF 3/31/06
----------------------- ----------------------- -----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,350,615 46.7% 43 $2,380,167 46.8% 43 $2,382,201 46.1% 43
ID 519,962 10.3 16 524,886 10.3 16 532,071 10.3 16
OR 911,691 18.1 27 913,637 18.0 27 947,706 18.4 27
UT 299,609 6.0 10 299,433 5.9 10 302,450 5.9 10
NV 127,514 2.5 3 136,666 2.7 3 134,579 2.6 3
TX 49,420 1.0 3 57,496 1.1 3 62,984 1.2 3
AZ 772,694 15.4 20 772,042 15.2 20 798,391 15.5 20
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $5,031,505 100% 122 $5,087,327 100% 122 $5,160,382 100% 122
========== ==== === ========== ==== === ========== ==== ===
9/05 QTR 12/05 QTR 3/06 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 34,013 0.7% $ 29,306 0.6% $ 26,690 0.5%
NOW (interest) 171,469 3.4 175,067 3.4 184,743 3.6
Savings (passbook/stmt) 191,919 3.8 187,034 3.7 176,654 3.4
Money Market 871,945 17.3 886,032 17.4 851,140 16.5
CD's 3,762,159 74.8 3,809,888 74.9 3,921,155 76.0
---------- ---- ---------- ---- ---------- ----
Total $5,031,505 100% $5,087,327 100% $5,160,382 100%
========== ==== ========== ==== ========== ====
Deposits greater than $100,000 - EOP $1,365,486 $1,412,390 $1,426,877
Brokered Deposits $ --- $ --- $ ---
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