Fact Sheet as of June 30, 2009

EX-99.2 3 dex992.htm FACT SHEET AS OF JUNE 30, 2009 Fact Sheet as of June 30, 2009

Exhibit 99.2

Washington Federal, Inc.

Fact Sheet

June 30, 2009

($ in Thousands)


		12/08 QTR					3/09 QTR						6/09 QTR
Loan Loss Reserve-Total		$	104,835				$	143,124					$	161,695
	– General		58,802					55,460						51,979
	– Specific		46,033					87,664						109,716
Net Charge-offs (Recoveries) for the Qtr			15,223					15,711						33,630
Non-performing Assets—Total			305,066					492,131						605,882
	– REO		61,887					84,699						86,651
	– REHI		—					—						26,937
	– Non-accrual		243,179					407,432						492,294
Troubled Debt Restructuring			11,667					23,670						68,385
Regulatory Capital Ratios	– Tangible		1,336,668		10.92	%		1,342,621			11.22	%		1,076,697			9.21	%
	– Core		1,336,668		10.92			1,342,621			11.22			1,076,697			9.21
	– Risk Based		1,389,865		19.70			1,392,693			19.98			1,123,311			16.49

		12/08 QTR					3/09 QTR			3/09 YTD			6/09 QTR			6/09 YTD
Loan Originations—Total		$	503,930				$	368,971		$	872,901		$	430,886		$	1,303,787
Single-Family Residential			218,519					177,532			396,051			201,599			597,650
Construction—Speculative			28,573					17,831			46,404			18,375			64,779
Construction—Custom			64,752					38,283			103,035			61,832			164,867
Land—Acquisition & Development			12,693					13,476			26,169			11,682			37,851
Land—Consumer Lot Loans			3,790					3,423			7,213			3,556			10,769
Multi-Family			27,287					21,733			49,020			23,737			72,757
Commercial Real Estate			50,607					19,406			70,013			24,925			94,938
Commercial & Industrial			60,229					53,809			114,038			61,975			176,013
HELOC			24,715					22,270			46,985			22,443			69,428
Consumer			12,765					1,208			13,973			762			14,735

		12/08 QTR					3/09 QTR			3/09 YTD			6/09 QTR			6/09 YTD
Loan Servicing Fee Income		$	1,691				$	2,285		$	3,976		$	2,409		$	6,385
Other Fee Income			785					748			1,533			746			2,279

Total Fee Income		$	2,476				$	3,033		$	5,509		$	3,155		$	8,664


		12/08 QTR					3/09 QTR			3/09 YTD			6/09 QTR			6/09 YTD
Average Loans		$	9,580,963				$	9,619,708		$	9,600,123		$	9,374,356		$	9,524,867
Average Earning Assets			11,623,051					11,886,517			11,753,336			11,830,798			11,779,157
Average Assets			12,156,626					12,402,617			12,245,013			12,223,318			12,234,868
Average Paying Liabilities			10,615,787					10,672,378			10,643,771			10,770,347			10,685,963
Operating Expenses/Average Assets			0.81	%				0.81	%		0.81	%		1.01	%		0.88	%
Efficiency Ratio			26.10					25.61			25.85			31.06			27.63
Amortization of Intangibles		$	550				$	860		$	1,410		$	801		$	2,211
Net Interest Margin			3.10	%				3.15	%		3.12	%		3.19	%		3.14	%

Repayments		12/08 QTR					3/09 QTR			3/09 YTD			6/09 QTR			6/09 YTD
Loans		$	369,628				$	535,061		$	904,689		$	660,454		$	1,565,143
MBS			36,095					109,656			145,751			199,928			345,679

EOP Numbers		12/08 QTR					3/09 QTR						6/09 QTR
Shares Issued and Outstanding			87,917,527					88,047,438						88,048,226

Share repurchase information		12/08 QTR					3/09 QTR			3/09 YTD			6/09 QTR			6/09 YTD
Remaining shares auth. for repurchase			2,888,314					2,888,314			2,888,314			2,888,314			2,888,314
Shares repurchased			—					—			—			—			—
Average share repurchase price		$	—				$	—		$	—		$	—		$	—

Washington Federal, Inc.

Fact Sheet

June 30, 2009

($ in Thousands)


Tangible Common Book Value		12/08 QTR						3/09 QTR						6/09 QTR
$ Amount		$	1,163,388					$	1,184,293					$	1,136,502
Per Share			13.23						13.45						12.91
# of Employees			1,103						1,113						1,095
Tax Rate—Going Forward			35.50	%					35.50	%					35.50	%

Investments		12/08 QTR						3/09 QTR						6/09 QTR
Available-for-sale:
Agency MBS		$	1,940,516					$	1,924,065					$	1,911,728
Other			40,214						40,135						16,145

		$	1,980,730					$	1,964,200					$	1,927,873

Held-to-maturity:
Agency MBS		$	114,295					$	109,876					$	102,250
Other			7,440						7,440						7,440

		$	121,735					$	117,316					$	109,690


		AS OF 12/31/08						AS OF 3/31/09						AS OF 6/30/09
Loan Portfolio by Category		AMOUNT			%			AMOUNT			%			AMOUNT			%
Single-Family Residential		$	7,032,028		70.3	%		$	6,937,789		70.8	%		$	6,763,040		71.2	%
Construction—Speculative			385,074		3.8				358,042		3.7				311,995		3.3
Construction—Custom			298,381		3.0				260,104		2.7				240,885		2.5
Land—Acquisition & Development			706,151		7.1				678,278		6.9				613,499		6.5
Land—Consumer Lot Loans			206,276		2.1				201,407		2.1				198,127		2.1
Multi-Family			695,164		6.9				686,906		7.0				695,795		7.3
Commercial Real Estate			303,321		3.0				307,502		3.1				306,994		3.2
Commercial & Industrial			137,057		1.4				128,212		1.3				123,978		1.3
HELOC			94,581		0.9				107,657		1.1				118,001		1.2
Consumer			151,858		1.5				139,366		1.4				128,764		1.4

			10,009,891		100	%			9,805,263		100	%			9,501,078		100	%

Less:
ALL			104,835						143,124						161,695
Loans in Process			232,839						195,407						193,119
Deferred Net Origination Fees			36,783						35,133						34,924

			374,457						373,664						389,738

		$	9,635,434					$	9,431,599					$	9,111,340


		AS OF 12/31/08						AS OF 3/31/09						AS OF 6/30/09
Deposits by State		AMOUNT			%		#	AMOUNT			%		#	AMOUNT			%		#
	WA	$	3,493,665		48.0	%	54	$	3,532,389		46.6	%	54	$	3,560,161		46.4	%	54
	ID		580,709		8.0		16		601,086		8.0		16		608,187		7.9		16
	OR		1,263,767		17.3		28		1,295,876		17.1		28		1,318,551		17.2		28
	UT		321,913		4.4		10		310,041		4.1		10		313,530		4.1		10
	NV		116,578		1.6		3		166,238		2.2		4		167,293		2.2		4
	TX		104,775		1.4		6		110,092		1.5		6		111,752		1.5		6
	AZ		966,382		13.3		21		1,092,638		14.5		21		1,143,665		14.9		21
	NM		436,954		6.0		11		450,996		6.0		11		447,841		5.8		11

	Total	$	7,284,743		100	%	149	$	7,559,356		100	%	150	$	7,670,980		100	%	150

Washington Federal, Inc.

Fact Sheet

June 30, 2009

($ in Thousands)


	12/08 QTR					3/09 QTR					6/09 QTR
Deposits by Type	AMOUNT			%		AMOUNT			%		AMOUNT			%
Checking (noninterest)	$	119,868		1.6	%	$	110,399		1.5	%	$	116,836		1.5	%
NOW (interest)		401,710		5.5			400,404		5.3			401,599		5.2
Savings (passbook/stmt)		190,086		2.6			191,869		2.5			196,500		2.6
Money Market		1,202,728		16.5			1,210,133		16.0			1,205,051		15.7
CD’s		5,370,351		73.8			5,646,551		74.7			5,750,994		75.0

Total	$	7,284,743		100	%	$	7,559,356		100	%	$	7,670,980		100	%


Deposits greater than $100,000—EOP	$	2,484,150				$	2,636,031				$	2,714,546

Brokered Deposits	$	—				$	—				$	—

	12/08 QTR					3/09 QTR					6/09 QTR
Non-Performing Assets
Restructured loans	$	11,667				$	23,670				$	68,385
Non-accrual loans:
Single-Family Residential		54,597					87,927					118,851
Construction—Speculative		29,035					61,658					71,701
Construction—Custom		1,405					1,704					1,336
Land—Acquisition & Development		150,674					253,953					265,901
Land—Consumer Lot Loans		—					—					—
Multi-Family		5,964					222					3,504
Commercial Real Estate		397					67					5,271
Commercial & Industrial		215					929					24,731
HELOC		—					195					75
Consumer		892					777					924

Total non-accrual loans		243,179					407,432					492,294
Total REO		61,887					84,699					86,651
Total REHI		—					—					26,937

Total non-performing assets	$	305,066				$	492,131				$	605,882

Total non-performing assets and
restructured loans	$	316,733				$	515,801				$	674,267

Total non-performing assets and restructured loans as a % of total assets		2.53	%				4.21	%				5.60	%


	12/08 QTR					3/09 QTR					6/09 QTR
Net Charge-offs by Category
Single-Family Residential	$	3,076				$	2,145				$	3,891
Construction—Speculative		4,505					2,537					4,218
Construction—Custom		—					180					—
Land—Acquisition & Development		3,541					6,021					17,757
Land—Consumer Lot Loans		720					420					454
Multi-Family		—					670					278
Commercial Real Estate		—					—					—
Commercial & Industrial		2,127					1,861					5,488
HELOC		—					—					35
Consumer		1,254					1,877					1,509

Total charge-offs	$	15,223				$	15,711				$	33,630