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Washington Federal, Inc.
Fact Sheet
December 31, 2006
($ in Thousands)
6/06 QTR 9/06 QTR 12/06 QTR
--------- -------- ---------
Loan Loss Reserve - Total $ 24,910 $ 24,993 $ 25,021
- General 24,584 24,864 24,868
- Specific 326 129 153
Net Charge-offs (Recoveries) for the Qtr - 267 22
Nonperforming Assets - Total 6,243 7,443 7,257
- REO 502 479 952
- Nonaccrual 5,741 6,964 6,305
Troubled Debt Restructuring 295 - -
Regulatory Capital Ratios - Tangible 1,187,086 13.51% 1,208,363 13.40% 1,225,228 13.46%
- Core 1,187,086 13.51 1,208,363 13.40 1,225,228 13.46
- Risk Based 1,205,414 24.87 1,229,055 24.39 1,245,823 24.34
6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD 12/06 QTR
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Loan Originations - Total $ 630,376 $1,789,361 $ 612,986 $2,402,347 $ 515,306
- Single-Family 280,121 799,450 304,549 1,103,999 232,257
- Multi-Family 35,466 106,223 29,274 135,497 25,984
- Land 134,101 333,320 125,217 458,537 101,919
- Construction 180,688 550,368 153,946 704,314 155,146
6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD 12/06 QTR
-------- -------- -------- -------- ---------
Loan Servicing Fee Income $ 1,644 $ 4,728 $ 1,305 $ 6,033 $ 1,329
Other Fee Income 236 677 337 1,014 212
-------- -------- -------- -------- --------
Total Fee Income $ 1,880 $ 5,405 $ 1,642 $ 7,047 $ 1,541
======== ======== ======== ======== ========
6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD 12/06 QTR
-------- -------- -------- -------- ---------
Average Loans $6,661,569 $6,389,121 $6,895,367 $6,516,723 $7,156,129
Average Earning Assets 8,473,548 8,258,512 8,722,451 8,375,450 8,875,346
Average Assets 8,670,617 8,452,272 8,926,270 8,571,128 9,094,860
Average Paying Liabilities 7,329,227 7,091,429 7,558,803 7,209,233 7,671,418
Operating Expenses/Average Assets 0.64% 0.63% 0.61% 0.63% 0.61%
Efficiency Ratio 20.41 19.60 19.81 19.66 21.29
Amortization of Intangibles $ 244 $ 769 $ 231 $ 1,000 $ 219
Net Interest Margin 3.00% 3.12% 2.91% 3.06% 2.81%
Repayments 6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD 12/06 QTR
- ---------- -------- -------- -------- -------- ---------
Loans $ 431,941 $1,301,337 $ 391,851 $1,693,188 $ 372,436
MBS 46,246 143,850 43,975 187,825 45,366
EOP Numbers 6/06 QTR 9/06 QTR 12/06 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 87,255,600 87,338,824 87,434,482
Share repurchase information 6/06 QTR 6/06 YTD 9/06 QTR 9/06 YTD 12/06 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 6/06 QTR 9/06 QTR 12/06 QTR
- ------------------- -------- --------- ---------
$ Amount $1,162,734 $1,206,461 $1,223,549
Per Share 13.33 13.81 13.99
# of Employees 761 765 749
Tax Rate - Going Forward 34.25% 35.50% 35.50%
AS OF 6/30/06 AS OF 9/30/06 AS OF 12/31/06
---------------- ---------------- ----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $ 5,234,829 70.5% $ 5,416,501 70.3% $ 5,490,565 70.0%
Multi-Family 519,567 7.0 527,718 6.9 534,688 6.8
Construction 1,071,822 14.4 1,090,363 14.1 1,106,406 14.1
Land 602,772 8.1 666,812 8.7 713,089 9.1
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Gross Loans (before ALL/Deferrals/LIP) $ 7,428,990 100% $ 7,701,394 100% $ 7,844,748 100%
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AS OF 6/30/06 AS OF 9/30/06 AS OF 12/31/06
----------------------- ----------------------- ----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,423,204 45.9% 43 $2,442,956 45.9% 43 $2,465,305 46.0% 43
ID 541,506 10.2 16 540,221 10.2 16 546,032 10.2 16
OR 1,001,512 19.0 27 1,022,661 19.3 28 1,031,381 19.2 28
UT 312,931 5.9 10 320,605 6.0 10 329,920 6.2 10
NV 126,773 2.4 3 126,103 2.4 3 127,918 2.4 3
TX 59,970 1.1 3 52,451 1.0 3 58,885 1.1 4
AZ 818,063 15.5 20 806,729 15.2 20 798,597 14.9 20
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $5,283,959 100% 122 $5,311,726 100% 123 $5,358,038 100% 124
========== ==== === ========== ==== === ========== ==== ===
6/06 QTR 9/06 QTR 12/06 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 30,195 0.6% $ 24,151 0.5% $ 31,526 0.6%
NOW (interest) 192,604 3.6 211,564 4.0 231,186 4.3
Savings (passbook/stmt) 167,128 3.2 161,098 3.0 158,284 3.0
Money Market 785,306 14.9 743,317 14.0 739,188 13.8
CD's 4,108,726 77.7 4,171,596 78.5 4,197,854 78.3
---------- ---- ---------- ---- ---------- ----
Total $5,283,959 100% $5,311,726 100% $5,358,038 100%
========== ==== ========== ==== ========== ====
Deposits greater than $100,000 - EOP $1,435,791 $1,449,095 $1,482,114
Brokered Deposits $ - $ - $ -
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