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Washington Federal, Inc.
Fact Sheet
September 30, 2006
($ in Thousands)
3/06 QTR 6/06 QTR 9/06 QTR
--------- -------- ---------
Loan Loss Reserve - Total $ 24,810 $ 24,910 $ 24,993
- General 24,484 24,584 24,864
- Specific 326 326 129
Net Charge-offs (Recoveries) for the Qtr 12 - 267
Nonperforming Assets - Total 6,957 6,243 7,443
- REO 0 502 479
- Nonaccrual 6,957 5,741 6,964
Troubled Debt Restructuring 284 295 -
Regulatory Capital Ratios - Tangible 1,166,993 13.65% 1,187,086 13.51% 1,208,363 13.40%
- Core 1,166,993 13.65 1,187,086 13.51 1,208,363 13.40
- Risk Based 1,184,961 25.21 1,205,414 24.87 1,229,055 24.39
3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD
-------- -------- -------- -------- --------- --------
Loan Originations - Total $ 561,884 $1,158,985 $ 630,376 $1,789,361 $ 612,986 $2,402,347
- Single-Family 221,636 519,329 280,121 799,450 304,549 1,103,999
- Multi-Family 37,965 70,757 35,466 106,223 29,274 135,497
- Land 108,073 199,219 134,101 333,320 125,217 458,537
- Construction 194,210 369,680 180,688 550,368 153,946 704,314
3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD
-------- -------- ------ -------- -------- --------
Loan Servicing Fee Income $ 1,362 $ 3,084 $ 1,644 $ 4,728 $ 1,305 $ 6,033
Other Fee Income 220 441 236 677 337 1,014
-------- -------- -------- -------- -------- --------
Total Fee Income $ 1,582 $ 3,525 $ 1,880 $ 5,405 $ 1,642 $ 7,047
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3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD
-------- -------- -------- -------- -------- --------
Average Loans $6,362,119 $6,252,897 $6,661,569 $6,389,121 $6,895,367 $6,516,723
Average Earning Assets 8,225,619 8,150,993 8,473,548 8,258,512 8,722,451 8,375,450
Average Assets 8,412,784 8,346,830 8,670,617 8,452,272 8,926,270 8,571,128
Average Paying Liabilities 7,056,452 6,972,530 7,329,227 7,091,429 7,558,803 7,209,233
Operating Expenses/Average Assets 0.64% 0.63% 0.64% 0.63% 0.61% 0.63%
Efficiency Ratio 19.62 19.21 20.41 19.60 19.81 19.66
Amortization of Intangibles $ 256 $ 525 $ 244 $ 769 $ 231 $ 1,000
Repayments 3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD
- ---------- --------- --------- --------- -------- -------- --------
Loans $ 402,335 $ 869,396 $ 431,941 $1,301,337 $ 391,851 $1,693,188
MBS 42,979 97,604 46,246 143,850 43,975 187,825
EOP Numbers 3/06 QTR 6/06 QTR 9/06 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 87,187,699 87,255,600 87,338,824
Share repurchase information 3/06 QTR 3/06 YTD 6/06 QTR 6/06 YTD 9/06 QTR 9/06 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 3/06 QTR 6/06 QTR 9/06 QTR
- ------------------- --------- -------- --------
$ Amount $1,158,706 $1,162,734 $1,206,461
Per Share 13.29 13.33 13.81
# of Employees 751 761 765
Tax Rate - Going Forward 34.25% 34.25% 35.50%
AS OF 3/31/06 AS OF 6/30/06 AS OF 9/30/06
---------------- ---------------- ----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $5,049,936 70.6% $ 5,234,829 70.5% $ 5,416,501 70.3%
Multi-Family 515,310 7.2 519,567 7.0 527,718 6.9
Construction 1,077,605 15.1 1,121,661 15.1 1,140,376 14.8
Land 505,063 7.1 552,933 7.4 616,799 8.0
---------- ---- ---------- ---- ---------- ----
Gross Loans (before ALL/Deferrals/LIP) $7,147,914 100% $ 7,428,990 100% $ 7,701,394 100%
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AS OF 3/31/06 AS OF 6/30/06 AS OF 9/30/06
----------------------- ----------------------- -----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,382,201 46.1% 43 $2,423,204 45.9% 43 $2,442,956 45.9% 43
ID 532,071 10.3 16 541,506 10.2 16 540,221 10.2 16
OR 947,706 18.4 27 1,001,512 19.0 27 1,022,661 19.3 28
UT 302,450 5.9 10 312,931 5.9 10 320,605 6.0 10
NV 134,579 2.6 3 126,773 2.4 3 126,103 2.4 3
TX 62,984 1.2 3 59,970 1.1 3 52,451 1.0 3
AZ 798,391 15.5 20 818,063 15.5 20 806,729 15.2 20
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $5,160,382 100% 122 $5,283,959 100% 122 $5,311,726 100% 123
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3/06 QTR 6/06 QTR 9/06 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 26,690 0.5% $ 30,195 0.6% $ 24,151 0.5%
NOW (interest) 184,743 3.6 192,604 3.6 211,564 4.0
Savings (passbook/stmt) 176,654 3.4 167,128 3.2 161,098 3.0
Money Market 851,140 16.5 785,306 14.9 743,317 14.0
CD's 3,921,155 76.0 4,108,726 77.7 4,171,596 78.5
---------- ---- ---------- ---- ---------- ----
Total $ 5,160,382 100% $5,283,959 100% $5,311,726 100%
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Deposits greater than $100,000 - EOP $1,426,877 $1,435,791 $1,449,095
Brokered Deposits $ - $ - $ -
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