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Financial Information of WFI (Tables) | 12 Months Ended
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Sep. 30, 2011
Financial Information WFI [Abstract] |
Schedule of condensed financial information | The following Washington Federal, Inc. (parent company only) financial information should be read in conjunction with the other notes to the Consolidated Financial Statements.
Statements of Financial Condition |  |
September 30, | 2011 | 2010
| (In thousands)
Assets |  |
Cash | $ | 27,699 |  | $ | 4,646 |
Investment in subsidiary | 1,885,498 |  | 1,842,081 |
Other Assets | 37 |  | — |
Dividend receivable | — |  | — |
Total assets | $ | 1,913,234 |  | $ | 1,846,727 |
Liabilities |  |
Borrowed money | $ | — |  | $ | — |
Dividend payable and other liabilities | 6,700 |  | 5,580 |
Other liabilities | 1 |  | — |
Total liabilities | 6,701 |  | 5,580 |
Stockholders’ equity |  |
Common stock, $1.00 par value, 300,000,000 shares authorized; 108,976,410 shares outstanding | $ | 129,854 |  | $ | 129,556 |
Paid-in capital | 1,582,843 |  | 1,578,527 |
Accumulated other comprehensive income (loss), net of tax | 85,789 |  | 49,682 |
Treasury stock, at cost; 20,877,124 shares | (268,665 | ) | (208,985 | )
Retained earnings | 376,712 |  | 292,367 |
Total stockholders’ equity | 1,906,533 |  | 1,841,147 |
Total liabilities and stockholders’ equity | $ | 1,913,234 |  | $ | 1,846,727 |
Statements of Operations |  |  |
Year ended September 30, | 2011 | 2010 | 2009
| (In thousands)
Income |  |  |
Dividends from subsidiary | $ | 100,600 |  | $ | — |  | $ | 18,833 |
Other | — |  | 14 |  | 24 |
Total Income | 100,600 |  | 14 |  | 18,857 |
Expense |  |  |
Miscellaneous | 626 |  | 1,046 |  | 1,996
Total expense | 626 |  | 1,046 |  | 1,996
Net income before equity in undistributed net income of subsidiary | 99,974 |  | (1,032 | ) | 16,861 |
Equity in undistributed net income of subsidiary | 11,167 |  | 119,324 |  | 30,611 |
Income before income taxes | 111,141 |  | 118,292 |  | 47,472 |
Income tax benefit | — |  | 361 |  | 700 |
Net income | $ | 111,141 |  | $ | 118,653 |  | $ | 48,172 |
Preferred dividends accrued | — |  | — |  | 7,488 |
Net income available to common shareholders | $ | 111,141 |  | $ | 118,653 |  | $ | 40,684 |
Statements of Cash Flows | 2011 | 2010 | 2009
| (In thousands)
Cash Flows From Operating Activities |  |  |
Net income | $ | 111,141 |  | $ | 118,653 |  | $ | 48,172 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |
Equity in undistributed net income of subsidiaries | (4,382 | ) | (119,324 | ) | (30,611 | )
Decrease (increase) in dividend receivable | — |  | — |  | 18,434 |
Decrease (increase) in other assets | (37 | ) | 1,309 |  | (434 | )
Increase (decrease) in other liabilities | 1,121 |  | (421 | ) | (11,589 | )
Net cash provided by (used in) operating activities | 107,843 |  | 217 |  | 23,972 |
Cash Flows From Financing Activities |  |  |
Proceeds from exercise of common stock options and related tax benefit | 1,686 |  | 1,940 |  | 180 |
Proceeds from Employee Stock Ownership Plan | — |  | — |  | 1,341 |
Net proceeds from follow on stock offering |  |  | — |  | 333,177 |
Downstream stock offering proceeds to the Bank | — |  | — |  | (300,000 | )
Proceeds from issuance of preferred stock and warrants |  |  |  |  | 200,000 |
Preferred stock redeemed |  |  |  |  | (200,000 | )
Increase (decrease) in borrowings | — |  | (14,310 | ) | — |
Treasury stock purchased | (59,680 | ) | — |  | — |
Dividends paid on preferred stock |  |  |  |  | (5,361 | )
Dividends paid on common stock | (26,796 | ) | (22,450 | ) | (18,847 | )
Net cash used by financing activities | (84,790 | ) | (34,820 | ) | 10,490 |
Increase (decrease) in cash | 23,053 |  | (34,603 | ) | 34,462 |
Cash at beginning of year | 4,646 |  | 39,249 |  | 4,787 |
Cash at end of year | $ | 27,699 |  | $ | 4,646 |  | $ | 39,249 |

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