Exhibit 99.2
Golden West Financial Releases Thirteen Month Statistical Data
OAKLAND, Calif.--(BUSINESS WIRE)--April 20, 2006--Golden West
Financial Corporation (NYSE:GDW)(PCX:GDW), parent of World Savings
Bank, today released statistical data for the thirteen months ended
March 31, 2006.
Headquartered in Oakland, California, Golden West is one of the
nation's largest financial institutions with assets over $125 billion
as of March 31, 2006. The Company has one of the most extensive thrift
branch systems in the country, with 283 savings branches in 10 states
and lending operations in 39 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
March 2005 - March 2006
(Dollars in millions)
2006
------------------------------
MAR FEB JAN
--------- --------- ----------
Total Assets $127,556 $126,475 $125,332
Cash and Investments $ 2,181 $ 1,904 $ 1,803
Loans and MBS $122,300 $121,526 $120,521
Adjustable Rate Mortgages and MBS $119,240 $118,407 $117,519
Loans Originated -- Month $ 4,472 $ 3,520 $ 3,574
Percentage ARMs -- Month 99% 99% 99%
Percentage Refinances -- Month 85% 86% 83%
Loans Originated -- YTD $ 11,566 $ 7,094 $ 3,574
Percentage ARMs -- YTD 99% 99% 99%
Percentage Refinances -- YTD 84% 84% 83%
Total Deposits $ 61,583 $ 61,056 $ 60,523
Total Deposit Net Activity -- Month $ 527 $ 533 $ 365
Total Deposit Net Activity -- YTD $ 1,425 $ 898 $ 365
Federal Home Loan Bank Borrowings $ 38,509 $ 37,957 $ 37,958
Other Borrowings:
Reverse Repurchases 5,900 5,500 5,750
Bank Notes 2,977 3,153 2,653
Senior Debt 8,075 8,186 8,192
--------- --------- ----------
Total Borrowings $ 55,461 $ 54,796 $ 54,553
========= ========= ==========
Yield on Loan Portfolio 6.71% 6.60% 6.49%
Yield on Interest-Earning
Investments 4.91 4.60 4.51
--------- --------- ----------
Combined Yield on Interest-
Earning Assets 6.69% 6.58% 6.47%
Cost of Savings 3.56% 3.46% 3.36%
Cost of Federal Home Loan Bank
Borrowings 4.75 4.62 4.45
Cost of Other Borrowings 4.87 4.65 4.58
--------- --------- ----------
Combined Cost of Funds 4.14% 4.01% 3.89%
--------- --------- ----------
Net Interest Rate Spread (Primary
Spread) 2.55% 2.57% 2.58%
========= ========= ==========
Loans Sold $ 77 $ 67 $ 52
Loan and MBS Repayments and Payoffs
-- Month $ 3,683 $ 2,681 $ 2,526
As a % of Prior Month Loan Balance
(Annualized) 36.63% 26.88% 25.58%
Nonperforming Assets and Troubled
Debt
Restructured as a % of Total
Assets .34% .35% .33%
2005
---------------------------------------
DEC NOV OCT SEP
--------- --------- --------- ---------
Total Assets $124,615 $124,456 $123,422 $121,281
Cash and Investments $ 2,222 $ 3,052 $ 2,913 $ 1,904
Loans and MBS $119,366 $118,435 $117,587 $116,513
Adjustable Rate Mortgages and
MBS $116,370 $115,258 $114,306 $113,375
Loans Originated -- Month $ 4,587 $ 4,255 $ 4,277 $ 4,605
Percentage ARMs -- Month 99% 99% 99% 99%
Percentage Refinances
-- Month 81% 81% 80% 77%
Loans Originated -- YTD $ 51,516 $ 46,929 $ 42,674 $ 38,397
Percentage ARMs -- YTD 99% 99% 99% 99%
Percentage Refinances -- YTD 77% 77% 77% 76%
Total Deposits $ 60,158 $ 60,268 $ 59,083 $ 58,429
Total Deposit Net Activity --
Month $ (110) $ 1,185 $ 654 $ (153)
Total Deposit Net Activity --
YTD $ 7,193 $ 7,303 $ 6,118 $ 5,464
Federal Home Loan Bank
Borrowings $ 38,961 $ 38,615 $ 38,893 $ 38,897
Other Borrowings:
Reverse Repurchases 5,000 5,000 5,150 5,150
Bank Notes 2,394 2,024 2,163 2,489
Senior Debt 8,194 8,191 8,189 6,705
--------- --------- --------- ---------
Total Borrowings $ 54,549 $ 53,830 $ 54,395 $ 53,241
========= ========= ========= =========
Yield on Loan Portfolio 6.37% 6.27% 6.16% 6.04%
Yield on Interest-Earning
Investments 4.11 4.08 4.07 3.93
--------- --------- --------- ---------
Combined Yield on Interest-
Earning Assets 6.35% 6.22% 6.12% 6.01%
Cost of Savings 3.24% 3.14% 3.06% 2.97%
Cost of Federal Home Loan Bank
Borrowings 4.33 4.13 3.94 3.79
Cost of Other Borrowings 4.47 4.18 4.07 3.93
--------- --------- --------- ---------
Combined Cost of Funds 3.78% 3.62% 3.50% 3.38%
--------- --------- --------- ---------
Net Interest Rate Spread
(Primary Spread) 2.57% 2.60% 2.62% 2.63%
========= ========= ========= =========
Loans Sold $ 98 $ 160 $ 119 $ 84
Loan and MBS Repayments and
Payoffs -- Month $ 3,371 $ 3,190 $ 3,183 $ 3,229
As a % of Prior Month Loan
Balance (Annualized) 34.40% 32.78% 33.01% 33.79%
Nonperforming Assets and
Troubled Debt
Restructured as a % of
Total Assets .31% .31% .29% .28%
GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES
MONTHLY FINANCIAL HIGHLIGHTS
March 2005 - March 2006
(Dollars in millions)
2005
------------------------------
AUG JUL JUN
--------- --------- ----------
Total Assets $119,621 $118,560 $117,486
Cash and Investments $ 1,376 $ 1,861 $ 1,984
Loans and MBS $115,461 $113,925 $112,746
Adjustable Rate Mortgages and
MBS $112,149 $110,864 $109,542
Loans Originated -- Month $ 4,822 $ 4,342 $ 4,825
Percentage ARMs -- Month 99% 99% 99%
Percentage Refinances -- Month 77% 75% 74%
Loans Originated -- YTD $ 33,792 $ 28,970 $ 24,628
Percentage ARMs -- YTD 99% 99% 99%
Percentage Refinances -- YTD 76% 76% 76%
Total Deposits $ 58,582 $ 59,412 $ 59,226
Total Deposit Net Activity --
Month $ (830) $ 186 $ 1,525
Total Deposit Net Activity -- YTD $ 5,617 $ 6,447 $ 6,261
Federal Home Loan Bank
Borrowings $ 36,666 $ 36,259 $ 35,756
Other Borrowings:
Reverse Repurchases 4,950 4,700 4,450
Bank Notes 2,950 1,925 2,233
Senior Debt 6,727 6,710 6,737
--------- --------- ----------
Total Borrowings $ 51,293 $ 49,594 $ 49,176
========= ========= ==========
Yield on Loan Portfolio 5.93% 5.79% 5.67%
Yield on Interest-Earning Investments 3.61 3.34 3.41
--------- --------- ----------
Combined Yield on Interest-
Earning Assets 5.91% 5.77% 5.64%
Cost of Savings 2.89% 2.78% 2.70%
Cost of Federal Home Loan Bank
Borrowings 3.61 3.42 3.29
Cost of Other Borrowings 3.68 3.58 3.47
--------- --------- ----------
Combined Cost of Funds 3.24% 3.09% 2.99%
--------- --------- ----------
Net Interest Rate Spread
(Primary Spread) 2.67% 2.68% 2.65%
========= ========= ==========
Loans Sold $ 92 $ 50 $ 38
Loan and MBS Repayments and
Payoffs -- Month $ 3,397 $ 2,932 $ 3,065
As a % of Prior Month Loan
Balance (Annualized) 36.02% 31.42% 33.33%
Nonperforming Assets and Troubled Debt
Restructured as a % of Total Assets .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
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 5.53% 5.38% 5.25%
Yield on Interest-Earning Investment 3.10 2.99 2.90
--------- ---------- ---------
Combined Yield on Interest-Earning
Assets 5.51% 5.35% 5.22%
Cost of Savings 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) 2.64% 2.59% 2.60%
========= ========== =========
Loans Sold $ 29 $ 32 $ 32
Loan and MBS Repayments and Payoffs
Month $ 2,588 $ 2,555 $ 2,677
As a % of Prior Month Loan Balance
(Annualized) 28.63% 28.71% 30.55%
Nonperforming Assets and Troubled Debt
Restructured as a % of Total Assets .30% .31% .32%
CONTACT: Golden West Financial Corporation
William C. Nunan, 510-446-3614