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Washington Federal, Inc.
Fact Sheet
June 30, 2007
($ in Thousands)
12/06 QTR 3/07 QTR 6/07 QTR
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Loan Loss Reserve - Total $ 25,021 $ 27,998 $ 28,817
- General 24,868 27,888 28,217
- Specific 153 111 601
Net Charge-offs (Recoveries) for the Qtr 22 297 187
Nonperforming Assets - Total 7,257 10,049 12,024
- REO 952 1,758 2,740
- Nonaccrual 6,305 8,291 9,284
Troubled Debt Restructuring - 263 256
12/06 QTR 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD
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Loan Originations - Total $ 515,306 $ 547,179 $1,062,485 $ 664,052 $1,726,537
- Single-Family 232,257 265,769 498,026 356,398 854,424
- Multi-Family 25,984 17,451 43,435 21,281 64,716
- Land 101,919 125,024 226,943 137,326 364,269
- Construction 155,146 127,815 282,961 140,633 423,594
- Commercial RE - 4,767 4,767 4,216 8,983
- Other - 6,353 6,353 4,198 10,551
12/06 QTR 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD
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Loan Servicing Fee Income $ 1,329 $ 1,481 $ 2,810 $ 1,644 $ 4,454
Other Fee Income 212 469 681 676 1,357
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Total Fee Income $ 1,541 $ 1,950 $ 3,491 $ 2,320 $ 5,811
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12/06 QTR 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD
-------- -------- -------- -------- ---------
Average Loans $7,156,129 $7,528,123 $7,340,082 $7,851,203 $7,510,455
Average Earning Assets 8,875,346 9,269,181 9,070,100 9,606,439 9,248,879
Average Assets 9,094,860 9,518,689 9,329,053 9,900,580 9,502,789
Average Paying Liabilities 7,671,418 8,092,286 7,879,539 8,447,141 8,068,740
Operating Expenses/Average Assets 0.61% 0.67% 0.64% 0.70% 0.66%
Efficiency Ratio 21.29 23.45 22.39 24.03 22.96
Amortization of Intangibles $ 219 $ 410 $ 629 $ 601 $ 1,230
Net Interest Margin 2.81% 2.81% 2.81% 2.77% 2.80%
Repayments 12/06 QTR 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD
- ---------- -------- -------- -------- -------- ---------
Loans $ 372,679 $ 442,408 $ 815,087 $ 474,010 $1,289,097
MBS 45,366 46,473 91,839 47,846 139,685
EOP Numbers 12/06 QTR 3/07 QTR 6/07 QTR
- ----------- -------- -------- ---------
Shares Issued and Outstanding 87,434,482 87,326,643 87,360,751
Share repurchase information 12/06 QTR 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD
- ---------------------------- -------- -------- --------- -------- ---------
Remaining shares auth. for repurchase 3,310,014 3,060,014 3,060,014 2,988,314 2,988,314
Shares repurchased - 250,000 250,000 71,700 321,700
Average share repurchase price $ - $ 23.40 $ 23.40 $ 23.59 $ 23.44
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Tangible Book Value 12/06 QTR 3/07 QTR 6/07 QTR
- ------------------- -------- --------- ---------
$ Amount $1,223,549 $1,186,438 $1,187,583
Per Share 13.99 13.59 13.60
# of Employees 749 911 898
Tax Rate - Going Forward 35.50% 35.85% 35.85%
AS OF 12/31/06 AS OF 3/31/07 AS OF 6/30/07
---------------- ---------------- ----------------
Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT %
- -------------------------- ------ - ------ - ------ -
Single-Family Residential $5,490,565 70.0% $5,775,439 69.3% $5,896,528 69.1%
Multi-Family 534,688 6.8 545,138 6.5 548,215 6.4
Construction 1,106,406 14.1 1,113,549 13.3 1,105,990 13.0
Land 713,089 9.1 775,223 9.3 847,419 9.9
Commercial Real Estate - 0.0 103,513 1.2 105,772 1.2
Other - 0.0 35,393 0.4 34,048 0.4
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Gross Loans (before ALL/Deferrals/LIP) $7,844,748 100% $8,348,255 100% $8,537,972 100%
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AS OF 12/31/06 AS OF 3/31/07 AS OF 6/30/07
----------------------- ----------------------- ----------------------
Deposits by State AMOUNT % # AMOUNT % # AMOUNT % #
- ----------------- ------ - - ------ - - ------ - -
WA $2,465,305 46.0% 43 $2,541,168 42.5% 43 $2,530,068 42.5% 43
ID 546,032 10.2 16 548,317 9.2 16 542,591 9.1 16
OR 1,031,381 19.2 28 1,082,264 18.1 27 1,101,642 18.5 27
UT 329,920 6.2 10 327,498 5.5 10 318,237 5.3 10
NV 127,918 2.4 3 130,234 2.2 3 126,302 2.1 3
TX 58,885 1.1 4 113,885 1.9 6 95,652 1.6 6
AZ 798,597 14.9 20 826,630 13.8 20 821,602 13.8 20
NM - 0.0 - 409,109 6.8 11 418,862 7.0 11
---------- ---- --- ---------- ---- --- ---------- ---- ---
Total $5,358,038 100% 124 $5,979,105 100% 136 $5,954,956 100% 136
========== ==== === ========== ==== === ========== ==== ===
12/06 QTR 3/07 QTR 6/07 QTR
---------------- ---------------- ----------------
Deposits by Type AMOUNT % AMOUNT % AMOUNT %
- ---------------- ------ - ------ - ------ -
Checking (noninterest) $ 31,526 0.6% $ 96,780 1.6% $ 100,394 1.7%
NOW (interest) 231,186 4.3 305,431 5.1 320,588 5.4
Savings (passbook/stmt) 158,284 3.0 212,603 3.6 205,839 3.5
Money Market 739,188 13.8 779,260 13.0 764,610 12.8
CD's 4,197,854 78.3 4,585,031 76.7 4,563,525 76.6
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Total $5,358,038 100% $5,979,105 100% $5,954,956 100%
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Deposits greater than $100,000 - EOP $1,482,114 $1,730,002 $1,548,867
Brokered Deposits $ - $ - $ -
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