1
Washington Federal, Inc.
Fact Sheet
March 31, 2007
($ in Thousands)
9/06 QTR 12/06 QTR 3/07 QTR
--------- -------- ---------
Loan Loss Reserve - Total $ 24,993 $ 25,021 $ 27,998
- General 24,864 24,868 27,888
- Specific 129 153 111
Net Charge-offs (Recoveries) for the Qtr 267 22 297
Nonperforming Assets - Total 7,660 7,257 10,049
- REO 479 952 1,758
- Nonaccrual 7,181 6,305 8,291
Troubled Debt Restructuring - - 263
Regulatory Capital Ratios - Tangible 1,208,363 13.40% 1,225,228 13.46% 1,193,931 12.22%
- Core 1,208,363 13.40 1,225,228 13.46 1,193,931 12.22
- Risk Based 1,229,055 24.39 1,245,823 24.34 1,217,434 21.99
9/06 QTR 9/06 YTD 12/06 QTR 3/07 QTR 3/07 YTD
-------- -------- -------- -------- ---------
Loan Originations - Total $ 612,986 $2,402,347 $ 515,306 $ 547,179 $1,062,485
- Single-Family 304,549 1,103,999 232,257 265,769 498,026
- Multi-Family 29,274 135,497 25,984 17,451 43,435
- Land 125,217 458,537 101,919 125,024 226,943
- Construction 153,946 704,314 155,146 127,815 282,961
- Commercial RE - - - 4,767 4,767
- Other - - - 6,353 6,353
9/06 QTR 9/06 YTD 12/06 QTR 3/07 QTR 3/07 YTD
-------- -------- -------- -------- ---------
Loan Servicing Fee Income $ 1,305 $ 6,033 $ 1,329 $ 1,481 $ 2,810
Other Fee Income 337 1,014 212 469 681
-------- -------- -------- -------- --------
Total Fee Income $ 1,642 $ 7,047 $ 1,541 $ 1,950 $ 3,491
======== ======== ======== ======== ========
9/06 QTR 9/06 YTD 12/06 QTR 3/07 QTR 3/07 YTD
-------- -------- -------- -------- ---------
Average Loans $6,895,367 $6,516,723 $7,156,129 $7,528,123 $7,340,082
Average Earning Assets 8,722,451 8,375,450 8,875,346 9,269,181 9,070,100
Average Assets 8,926,270 8,571,128 9,094,860 9,518,689 9,329,053
Average Paying Liabilities 7,558,803 7,209,233 7,671,418 8,092,286 7,879,539
Operating Expenses/Average Assets 0.61% 0.63% 0.61% 0.67% 0.64%
Efficiency Ratio 19.81 19.66 21.29 23.45 22.39
Amortization of Intangibles $ 231 $ 1,000 $ 219 $ 410 $ 629
Net Interest Margin 2.91% 3.06% 2.81% 2.81% 2.81%
Repayments 9/06 QTR 9/06 YTD 12/06 QTR 3/07 QTR 3/07 YTD
- ---------- -------- -------- -------- -------- ---------
Loans $ 391,851 $1,693,188 $ 372,679 $ 442,408 $ 815,087
MBS 43,975 187,825 45,366 46,473 91,839
EOP Numbers 9/06 QTR 12/06 QTR 3/07 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 87,338,824 87,434,482 87,326,643
Share repurchase information 9/06 QTR 9/06 YTD 12/06 QTR 3/07 QTR 3/07 YTD
- ---------------------------- -------- -------- -------- -------- ---------
Remaining shares auth. for repurchase 3,310,014 3,310,014 3,310,014 3,060,014 3,060,014
Shares repurchased - - - 250,000 250,000
Average share repurchase price $ - $ - $ - $ 23.40 $ 23.40
-1-
2
Tangible Book Value 9/06 QTR 12/06 QTR 3/07 QTR
- ------------------- -------- --------- ---------
$ Amount $1,206,461 $1,232,549 $1,186,438
Per Share 13.81 13.99 13.59
# of Employees 765 749 911
Tax Rate - Going Forward 35.50% 35.50% 35.85%
AS OF 9/30/06 AS OF 12/31/06 AS OF 3/31/07
---------------- ---------------- ----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $ 5,416,501 70.3% $ 5,490,565 70.0% $ 5,775,439 69.3%
Multi-Family 527,719 6.9 534,688 6.8 545,138 6.5
Construction 1,090,361 14.1 1,106,406 14.1 1,113,549 13.3
Land 666,812 8.7 713,089 9.1 775,223 9.3
Commercial Real Estate - 0.0 - 0.0 103,513 1.2
Other - 0.0 - 0.0 35,393 0.4
---------- ---- ---------- ---- ---------- ----
Gross Loans (before ALL/Deferrals/LIP) $ 7,701,393 100% $ 7,844,748 100% $ 8,348,255 100%
========== ==== ========== ==== ========== ====
AS OF 9/30/06 AS OF 12/31/06 AS OF 3/31/07
----------------------- ----------------------- ----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,442,956 45.9% 43 $2,465,305 46.0% 43 $2,541,168 42.5% 43
ID 540,221 10.2 16 546,032 10.2 16 548,317 9.2 16
OR 1,022,661 19.3 28 1,031,381 19.2 28 1,082,264 18.1 27
UT 320,605 6.0 10 329,920 6.2 10 327,498 5.5 10
NV 126,103 2.4 3 127,918 2.4 3 130,234 2.2 3
TX 52,451 1.0 3 58,885 1.1 4 113,885 1.9 6
AZ 806,729 15.2 20 798,597 14.9 20 826,630 13.8 20
NM - 0.0 - - 0.0 - 409,109 6.8 11
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $5,311,726 100% 123 $5,358,038 100% 124 $5,979,105 100% 136
========== ==== === ========== ==== === ========== ==== ===
9/06 QTR 12/06 QTR 3/07 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 24,151 0.5% $ 31,526 0.6% $ 96,780 1.6%
NOW (interest) 211,564 4.0 231,186 4.3 305,431 5.1
Savings (passbook/stmt) 161,098 3.0 158,284 3.0 212,603 3.6
Money Market 743,317 14.0 739,188 13.8 779,260 13.0
CD's 4,171,596 78.5 4,197,854 78.3 4,585,031 76.7
---------- ---- ---------- ---- ---------- ----
Total $5,311,726 100% $5,358,038 100% $5,979,105 100%
========== ==== ========== ==== ========== ====
Deposits greater than $100,000 - EOP $1,449,095 $1,482,114 $1,730,002
Brokered Deposits $ - $ - $ -
-2-