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Washington Federal, Inc.
Fact Sheet
June 30, 2006
($ in Thousands)
12/05 QTR 3/06 QTR 6/06 QTR
-------- -------- ---------
Loan Loss Reserve - Total $ 24,736 $ 24,810 $ 24,910
- General 24,410 24,484 24,584
- Specific 326 326 326
Net Charge-offs (Recoveries) for the Qtr 20 12 -
Nonperforming Assets - Total 7,779 6,957 6,243
- REO 410 0 502
- Nonaccrual 7,369 6,957 5,741
Troubled Debt Restructuring 281 284 295
Regulatory Capital Ratios - Tangible 1,144,708 13.86% 1,166,993 13.65% 1,187,086 13.51%
- Core 1,144,708 13.86 1,166,993 13.65 1,187,086 13.51
- Risk Based 1,163,041 25.65 1,184,961 25.21 1,205,414 24.87
12/05 QTR 3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD
-------- -------- -------- -------- --------
Loan Originations - Total $ 597,101 $ 561,884 $1,158,985 $ 630,376 $1,789,361
- Single-Family 297,693 221,636 519,329 280,121 799,450
- Multi-Family 32,792 37,965 70,757 35,466 106,223
- Land 91,146 108,073 199,219 134,101 333,320
- Construction 175,470 194,210 369,680 180,688 550,368
12/05 QTR 3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD
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Loan Servicing Fee Income $ 1,722 $ 1,362 $ 3,084 $ 1,644 $ 4,728
Other Fee Income 221 220 441 236 677
-------- -------- -------- -------- --------
Total Fee Income $ 1,943 $ 1,582 $ 3,525 $ 1,880 5,405
======== ======== ======== ======== ========
12/05 QTR 3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD
------ -------- -------- -------- --------
Average Loans $6,146,050 $6,362,119 $6,252,897 $6,661,569 $6,389,121
Average Earning Assets 8,077,990 8,225,619 8,150,993 8,473,548 8,258,512
Average Assets 8,270,494 8,412,784 8,346,830 8,670,617 8,452,272
Average Paying Liabilities 6,890,433 7,056,452 6,972,530 7,329,227 7,091,429
Operating Expenses/Average Assets 0.61% 0.64% 0.63% 0.64% 0.63%
Efficiency Ratio 18.78 19.62 19.21 20.41 19.60
Amortization of Intangibles $ 269 $ 256 $ 525 244 769
Repayments 12/05 QTR 3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD
- ---------- --------- --------- -------- -------- --------
Loans $ 467,061 $ 402,335 $ 869,396 $ 431,941 $1,301,337
MBS 54,625 42,979 97,604 46,246 143,850
EOP Numbers 12/05 QTR 3/06 QTR 6/06 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 87,017,789 87,187,699 87,255,600
Share repurchase information 12/05 QTR 3/06 QTR 3/06 YTD 6/06 QTR 6/06 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 12/05 QTR 3/06 QTR 6/06 QTR
- ------------------- --------- -------- --------
$ Amount $1,141,648 $1,158,706 $1,162,734
Per Share 13.12 13.29 13.33
# of Employees 751 751 761
Tax Rate - Going Forward 35.50% 34.25% 35.50%
AS OF 12/31/05 AS OF 3/31/06 AS OF 6/30/06
---------------- ---------------- ----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $4,840,030 70.7% $5,049,936 70.6% $5,234,829 70.5%
Multi-Family 506,939 7.4 515,310 7.2 519,567 7.0
Construction 1,042,005 15.2 1,077,605 15.1 1,121,661 15.1
Land 460,326 6.7 505,063 7.1 552,933 7.4
---------- ---- ---------- ---- ---------- ----
Gross Loans (before ALL/Deferrals/LIP) $6,849,300 100% $7,147,914 100% $7,428,990 100%
========== ==== ========== ==== ========== ====
AS OF 12/31/05 AS OF 3/31/06 AS OF 6/30/06
----------------------- ----------------------- -----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,380,167 46.8% 43 $2,382,201 46.1% 43 $2,423,204 45.9% 43
ID 524,886 10.3 16 532,071 10.3 16 541,506 10.2 16
OR 913,637 18.0 27 947,706 18.4 27 1,001,512 19.0 27
UT 299,433 5.9 10 302,450 5.9 10 312,931 5.9 10
NV 136,666 2.7 3 134,579 2.6 3 126,773 2.4 3
TX 57,496 1.1 3 62,984 1.2 3 59,970 1.1 3
AZ 775,042 15.2 20 798,391 15.5 20 818,063 15.5 20
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $5,087,327 100% 122 $5,160,382 100% 122 $5,283,959 100% 122
========== ==== === ========== ==== === ========== ==== ===
12/05 QTR 3/06 QTR 6/06 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 29,306 0.6% $ 26,690 0.5% $ 30,195 0.6%
NOW (interest) 175,067 3.4 184,743 3.6 192,604 3.6
Savings (passbook/stmt) 187,034 3.7 176,654 3.4 167,128 3.2
Money Market 886,032 17.4 851,140 16.5 785,306 14.9
CD's 3,809,888 74.9 3,921,155 76.0 4,108,726 77.7
---------- ---- ---------- ---- ---------- ----
Total $5,087,327 100% $5,160,382 100% $5,283,959 100%
========== ==== ========== ==== ========== ====
Deposits greater than $100,000 - EOP $1,412,390 $1,426,877 $1,435,791
Brokered Deposits $ --- $ --- $ ---
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