Exhibit 99.2
Golden West Financial Releases Thirteen Month Statistical Data
OAKLAND, Calif.--(BUSINESS WIRE)--Oct. 20, 2005--Golden West
Financial Corporation (NYSE:GDW), parent of World Savings Bank, today
released statistical data for the thirteen months ended September 30,
2005.
Headquartered in Oakland, California, Golden West is one of the
nation's largest financial institutions with assets over $120 billion
as of September 30, 2005. The Company has one of the most extensive
thrift branch systems in the country, with 282 savings branches in 10
states and lending operations in 38 states. Golden West's stock is
listed on the New York Stock and Pacific Exchanges under the ticker
symbol GDW. Golden West investor information is available at
www.gdw.com.
GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES
MONTHLY FINANCIAL HIGHLIGHTS
September 2004 - September 2005
(Dollars in millions)
2005
----------------------------------------
SEP AUG JUL JUN
--------- --------- --------- ---------
Total Assets $121,281 $119,621 $118,560 $117,486
Cash and Investments $1,904 $1,376 $1,861 $1,984
Loans and MBS $116,513 $115,461 $113,925 $112,746
Adjustable Rate Mortgages and
MBS $113,375 $112,149 $110,864 $109,542
Loans Originated - Month $4,605 $4,822 $4,342 $4,825
Percentage ARMs - Month 99 % 99 % 99 % 99 %
Percentage Refinances -
Month 77 % 77 % 75 % 74 %
Loans Originated - YTD $38,397 $33,792 $28,970 $24,628
Percentage ARMs - YTD 99 % 99 % 99 % 99 %
Percentage Refinances - YTD 76 % 76 % 76 % 76 %
Total Deposits $58,429 $58,582 $59,412 $59,226
Total Deposit Net Activity -
Month $(153) $(830) $186 $1,525
Total Deposit Net Activity -
YTD $5,464 $5,617 $6,447 $6,261
Federal Home Loan Bank
Borrowings $38,897 $36,666 $36,259 $35,756
Other Borrowings:
Reverse Repurchases 5,150 4,950 4,700 4,450
Federal Funds Purchased 0 0 0 0
Bank Notes 2,489 2,950 1,925 2,233
Senior Debt 6,705 6,727 6,710 6,737
--------- --------- --------- ---------
Total Borrowings $53,241 $51,293 $49,594 $49,176
========= ========= ========= =========
Yield on Loan Portfolio 5.72 % 5.61 % 5.51 % 5.40 %
Yield on Interest-Earning
Investments 3.93 3.61 3.34 3.41
--------- --------- --------- ---------
Combined Yield on Interest-
Earning Assets 5.70 % 5.60 % 5.49 % 5.38 %
Cost of Deposits 2.97 % 2.89 % 2.78 % 2.70 %
Cost of Federal Home Loan Bank
Borrowings 3.79 3.61 3.42 3.29
Cost of Other Borrowings 3.93 3.68 3.58 3.47
--------- --------- --------- ---------
Combined Cost of Funds 3.38 % 3.24 % 3.09 % 2.99 %
--------- --------- --------- ---------
Net Interest Rate Spread
(Primary Spread) 2.32 % 2.36 % 2.40 % 2.39 %
========= ========= ========= =========
Loans Sold $84 $92 $50 $38
Loan and MBS Repayments and
Payoffs - Month $3,229 $3,397 $2,932 $3,065
As a % of Prior Month Loan
Balances (Annualized) 33.79 % 36.02 % 31.42 % 33.33 %
Nonperforming Assets and
Troubled Debt Restructured
as a % of Total Assets .28 % .28 % .28 % .28 %
2005
-----------------------------
MAY APR MAR
--------- --------- ---------
Total Assets $115,532 $114,202 $112,588
Cash and Investments $1,712 $2,281 $2,366
Loans and MBS $111,089 $109,170 $107,494
Adjustable Rate Mortgages and
MBS $107,861 $106,076 $104,481
Loans Originated - Month $4,432 $4,196 $4,514
Percentage ARMs - Month 99 % 100 % 99 %
Percentage Refinances -
Month 75 % 76 % 77 %
Loans Originated - YTD $19,803 $15,371 $11,175
Percentage ARMs - YTD 99 % 99 % 99 %
Percentage Refinances - YTD 77 % 77 % 78 %
Total Deposits $57,701 $56,682 $55,593
Total Deposit Net Activity -
Month $1,019 $1,089 $1,343
Total Deposit Net Activity -
YTD $4,736 $3,717 $2,628
Federal Home Loan Bank
Borrowings $35,759 $35,758 $35,512
Other Borrowings:
Reverse Repurchases 4,450 4,350 4,050
Federal Funds Purchased 0 0 0
Bank Notes 2,399 2,547 2,486
Senior Debt 5,987 5,974 5,956
--------- --------- ---------
Total Borrowings $48,595 $48,629 $48,004
========= ========= =========
Yield on Loan Portfolio 5.28 % 5.16 % 5.06 %
Yield on Interest-Earning
Investments 3.10 2.99 2.90
--------- --------- ---------
Combined Yield on Interest-
Earning Assets 5.26 % 5.13 % 5.02 %
Cost of Deposits 2.61 % 2.52 % 2.39 %
Cost of Federal Home Loan Bank
Borrowings 3.16 2.99 2.83
Cost of Other Borrowings 3.27 3.17 3.07
--------- --------- ---------
Combined Cost of Funds 2.87 % 2.76 % 2.62 %
--------- --------- ---------
Net Interest Rate Spread
(Primary Spread) 2.39 % 2.37 % 2.40 %
========= ========= =========
Loans Sold $29 $32 $32
Loan and MBS Repayments and
Payoffs - Month $2,588 $2,555 $2,677
As a % of Prior Month Loan
Balances (Annualized) 28.63 % 28.71 % 30.55 %
Nonperforming Assets and
Troubled Debt Restructured
as a % of Total Assets .30 % .31 % .32 %
2005 2004
------------------- ----------
FEB JAN DEC
--------- --------- ---------
Total Assets $110,663 $109,091 $106,889
Cash and Investments $2,170 $2,097 $1,667
Loans and MBS $105,811 $104,344 $102,669
Adjustable Rate Mortgages and
MBS $102,705 $101,381 $99,731
Loans Originated - Month $3,262 $3,399 $4,727
Percentage ARMs - Month 99 % 99 % 99 %
Percentage Refinances -
Month 79 % 77 % 76 %
Loans Originated - YTD $6,661 $3,399 $48,989
Percentage ARMs - YTD 99 % 99 % 99 %
Percentage Refinances - YTD 78 % 77 % 72 %
Total Deposits $54,250 $53,657 $52,965
Total Deposit Net Activity -
Month $593 $692 $541
Total Deposit Net Activity -
YTD $1,285 $692 $6,238
Federal Home Loan Bank
Borrowings $35,624 $35,028 $33,782
Other Borrowings:
Reverse Repurchases 3,900 3,900 3,900
Federal Funds Purchased 0 0 0
Bank Notes 2,842 2,681 2,710
Senior Debt 5,273 5,289 5,292
--------- --------- ---------
Total Borrowings $47,639 $46,898 $45,684
========= ========= =========
Yield on Loan Portfolio 4.95 % 4.84 % 4.75 %
Yield on Interest-Earning
Investments 2.62 2.55 2.08
--------- --------- ---------
Combined Yield on Interest-
Earning Assets 4.92 % 4.81 % 4.73 %
Cost of Deposits 2.28 % 2.19 % 2.08 %
Cost of Federal Home Loan Bank
Borrowings 2.65 2.46 2.30
Cost of Other Borrowings 2.80 2.73 2.60
--------- --------- ---------
Combined Cost of Funds 2.47 % 2.35 % 2.22 %
--------- --------- ---------
Net Interest Rate Spread
(Primary Spread) 2.45 % 2.46 % 2.51 %
========= ========= =========
Loans Sold $30 $29 $33
Loan and MBS Repayments and
Payoffs - Month $1,912 $1,726 $2,506
As a % of Prior Month Loan
Balances (Annualized) 22.12 % 20.29 % 29.99 %
Nonperforming Assets and
Troubled Debt Restructured
as a % of Total Assets .33 % .33 % .33 %
2004
-----------------------------
NOV OCT SEP
--------- --------- ---------
Total Assets $104,641 $102,759 $100,248
Cash and Investments $1,284 $1,614 $1,203
Loans and MBS $100,846 $98,664 $96,616
Adjustable Rate Mortgages and
MBS $97,572 $95,580 $93,427
Loans Originated - Month $4,135 $4,222 $4,343
Percentage ARMs - Month 99 % 99 % 99 %
Percentage Refinances -
Month 75 % 73 % 71 %
Loans Originated - YTD $44,262 $40,127 $35,905
Percentage ARMs - YTD 99 % 99 % 99 %
Percentage Refinances - YTD 71 % 71 % 71 %
Total Deposits $52,424 $52,215 $51,667
Total Deposit Net Activity -
Month $209 $548 $800
Total Deposit Net Activity -
YTD $5,697 $5,488 $4,940
Federal Home Loan Bank
Borrowings $32,957 $32,263 $32,017
Other Borrowings:
Reverse Repurchases 4,150 3,900 3,650
Federal Funds Purchased 20 0 0
Bank Notes 2,544 2,069 869
Senior Debt 3,993 4,000 3,998
--------- --------- ---------
Total Borrowings $43,664 $42,232 $40,534
========= ========= =========
Yield on Loan Portfolio 4.71 % 4.64 % 4.59 %
Yield on Interest-Earning
Investments 2.08 1.83 1.90
--------- --------- ---------
Combined Yield on Interest-
Earning Assets 4.69 % 4.62 % 4.57 %
Cost of Deposits 2.02 % 2.00 % 1.97 %
Cost of Federal Home Loan Bank
Borrowings 2.10 1.91 1.78
Cost of Other Borrowings 2.27 2.22 2.21
--------- --------- ---------
Combined Cost of Funds 2.07 % 1.99 % 1.93 %
--------- --------- ---------
Net Interest Rate Spread
(Primary Spread) 2.62 % 2.63 % 2.64 %
========= ========= =========
Loans Sold $27 $37 $30
Loan and MBS Repayments and
Payoffs - Month $2,114 $2,045 $2,113
As a % of Prior Month Loan
Balances (Annualized) 25.86 % 25.54 % 26.96 %
Nonperforming Assets and
Troubled Debt Restructured
as a % of Total Assets .35 % .35 % .36 %
CONTACT: Golden West Financial Corporation
William C. Nunan, 510-446-3614