EX-99.2 7 exhibit992june302013factsh.htm EXHIBIT 99.2 Exhibit 99.2 June 30, 2013 Fact Sheet
Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

Exhibit 99.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 12/12 QTR
 
 
 
 3/13 QTR
 
 
 
6/13 QTR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Loss Reserve - Total
$
126,827

 
 
 
$
122,884

 
 
 
$
118,104

 
 
 
     General
115,141

 
 
 
114,039

 
 
 
111,617

 
 
 
     Specific
11,686

 
 
 
8,845

 
 
 
6,487

 
 
 
    Allowance as a % of Gross Loans
1.58
%
 
 
 
1.57
%
 
 
 
1.52
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulatory Capital Ratios (excludes holding co.)
 
 
 
 
 
 
 
 
 
 
 
 
     Tangible
1,603,789

 
12.49%
 
1,611,534

 
12.54%
 
1,619,714

 
12.70
%
 
     Core
1,603,789

 
12.49
 
1,611,534

 
12.54
 
1,619,714

 
12.70

 
     Risk Based
1,684,606

 
26.25
 
1,691,369

 
26.67
 
1,700,116

 
26.59

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 12/12 QTR
 
 
 
 3/13 QTR
 
3/13 YTD
 
6/13 QTR
 
 6/13 YTD
 
Loan Originations - Total
$
396,459

 
 
 
$
357,450

 
$
753,909

 
$
505,423

 
$
1,259,332

 
     Single-Family Residential
187,901

 
 
 
112,141

 
300,042

 
187,489

 
487,531

 
     Construction - Speculative
37,029

 
 
 
38,166

 
75,195

 
41,261

 
116,456

 
     Construction - Custom
16,422

 
 
 
37,168

 
53,590

 
70,296

 
123,886

 
     Land - Acquisition & Development
1,032

 
 
 
6,740

 
7,772

 
5,660

 
13,432

 
     Land - Consumer Lot Loans
3,925

 
 
 
1,990

 
5,915

 
4,928

 
10,843

 
     Multi-Family
68,328

 
 
 
51,961

 
120,289

 
60,715

 
181,004

 
     Commercial Real Estate
38,021

 
 
 
42,534

 
80,555

 
34,527

 
115,082

 
     Commercial & Industrial
34,914

 
 
 
56,915

 
91,829

 
87,269

 
179,098

 
     HELOC
8,752

 
 
 
9,779

 
18,531

 
13,154

 
31,685

 
     Consumer
135

 
 
 
56

 
191

 
124

 
315

 
 
 
 
 
 
 
 
 
 
 
 
 
 

1

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

 
 12/12 QTR
 
 
 
 3/13 QTR
 
 3/13 YTD
 
6/13 QTR
 
 6/13 YTD
 
Loan Servicing Fee Income
$
1,884

 
 
 
$
2,048

 
$
3,932

 
$
2,055

 
$
5,987

 
Other Fee Income
1,631

 
 
 
1,432

 
3,063

 
1,303

 
4,366

 
     Total Fee Income
3,515

 
 
 
3,481

 
6,996

 
3,357

 
10,353

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 12/12 QTR
 
 
 
 3/13 QTR
 
 3/13 YTD
 
6/13 QTR
 
 6/13 YTD
 
Operating Expenses/Average Assets
1.20
%
 
 
 
1.26
%
 
1.23
%
 
1.28
%
 
1.25
%
 
Efficiency Ratio
38.15

 
 
 
41.55

 
39.84

 
41.71

 
40.46

 
Amortization of Intangibles
$
354

 
 
 
$
371

 
$
725

 
$
660

 
$
1,385

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Repayments
 12/12 QTR
 
 
 
 3/13 QTR
 
 3/13 YTD
 
6/13 QTR
 
 6/13 YTD
 
Loans
$
604,682

 
 
 
$
588,767

 
$
1,193,449

 
$
613,694

 
$
1,807,143

 
MBS
123,338

 
 
 
148,635

 
271,973

 
121,188

 
393,161

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EOP Numbers
 12/12 QTR
 
 
 
 3/13 QTR
 
 
 
6/13 QTR
 
 
 
Shares Issued and Outstanding
105,498,098

 
 
 
105,011,626

 
 
 
103,422,427

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share repurchase information
 12/12 QTR
 
 
 
 3/13 QTR
 
 3/13 YTD
 
6/13 QTR
 
 6/13 YTD
 
Remaining shares auth. for repurchase
3,492,016

 
 
 
2,993,234

 
2,993,234

 
993,234

 
993,234

 
Shares repurchased
2,696,014

 
 
 
498,782

 
3,194,796

 
2,000,000

 
5,194,796

 
Average share repurchase price
$
16.60

 
 
 
$
16.99

 
$
16.66

 
$
16.91

 
$
16.75

 
 
 
 
 
 
 
 
 
 
 
 
 
 

2

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

Tangible Common Book Value
 12/12 QTR
 
 
 
 3/13 QTR
 
 
 
6/13 QTR
 
 
$ Amount
$
1,647,289

 
 
 
$
1,671,296

 
 
 
$
1,658,174

 
 
Per Share
15.61

 
 
 
15.92

 
 
 
16.03

 
 
 
 
 
 
 
 
 
 
 
 
 
 
# of Employees
1,430

 
 
 
1,439

 
 
 
1,423

 
 
Tax Rate - Going Forward
36.00
%
 
 
 
36.00
%
 
 
 
36.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
 12/12 QTR
 
 
 
 3/13 QTR
 
 
 
6/13 QTR
 
 
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,167,988

 
 
 
$
1,103,698

 
 
 
$
1,037,389

 
 
     Other
835,789

 
 
 
918,970

 
 
 
1,020,755

 
 
 
$
2,003,777

 
 
 
$
2,022,668

 
 
 
$
2,058,144

 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,407,246

 
 
 
$
1,469,983

 
 
 
$
1,589,779

 
 
     Other

 
 
 

 
 
 

 
 
 
$
1,407,246

 
 
 
$
1,469,983

 
 
 
$
1,589,779

 
 
 
 
 
 
 
 
 
 
 
 
 
 

3

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

 
 AS OF 12/31/12
 
 AS OF 3/31/13
 
 AS OF 6/30/13
Gross Loan Portfolio by Category *
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,589,425

 
69.6
%
 
$
5,390.741

 
68.8
%
 
$
5,269,292

 
67.9
%
     Construction - Speculative
125,716

 
1.6
%
 
122.543

 
1.6
%
 
116,363

 
1.5
%
     Construction - Custom
229,134

 
2.9
%
 
217.349

 
2.8
%
 
237,952

 
3.1
%
     Land - Acquisition & Development
115,655

 
1.4
%
 
99.511

 
1.3
%
 
91,452

 
1.2
%
     Land - Consumer Lot Loans
140,997

 
1.8
%
 
133.875

 
1.7
%
 
132,360

 
1.7
%
     Multi-Family
731,135

 
9.1
%
 
733.037

 
9.4
%
 
749,253

 
9.6
%
     Commercial Real Estate
609,948

 
7.6
%
 
634.662

 
8.1
%
 
639,372

 
8.2
%
     Commercial & Industrial
280,458

 
3.5
%
 
296.839

 
3.8
%
 
336,844

 
4.3
%
     HELOC
138,645

 
1.7
%
 
137.473

 
1.8
%
 
134,899

 
1.7
%
     Consumer
69,980

 
0.9
%
 
64.082

 
0.8
%
 
60,630

 
0.8
%
 
$
8,031,093

 
100
%
 
$
7,830,112

 
100
%
 
$
7,768,417

 
100
%
     Less:
 
 
 
 
 
 
 
 
 
 
 
        ALL
126,827

 
 
 
122,884

 
 
 
118,104

 
 
        Loans in Process
204,566

 
 
 
189,336

 
 
 
189,677

 
 
        Discount on Acquired Loans
50,817

 
 
 
40,346

 
 
 
37,568

 
 
        Deferred Net Origination Fees
33,973

 
 
 
33,330

 
 
 
32,562

 
 
 
416,183

 
 
 
385,896

 
 
 
377,911

 
 
 
$
7,614,910

 
 
 
$
7,444,216

 
 
 
$
7,390,506

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 AS OF 12/31/12
 
 AS OF 3/31/13
 
 AS OF 6/30/13
Net Loan Portfolio by Category *
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,483,279

 
72.1
%
 
$
5,284,951

 
71.0
%
 
$
5,175,389

 
70.0
%
     Construction - Speculative
79,344

 
1.0
%
 
74,728

 
1.0
%
 
70,283

 
1.0
%
     Construction - Custom
120,018

 
1.6
%
 
119,888

 
1.6
%
 
126,702

 
1.7
%
     Land - Acquisition & Development
96,624

 
1.3
%
 
81,156

 
1.1
%
 
74,852

 
1.0
%
     Land - Consumer Lot Loans
134,816

 
1.8
%
 
128,833

 
1.7
%
 
127,317

 
1.7
%
     Multi-Family
689,235

 
9.1
%
 
697,535

 
9.4
%
 
716,495

 
9.7
%
     Commercial Real Estate
553,841

 
7.3
%
 
587,157

 
7.9
%
 
600,146

 
8.1
%
     Commercial & Industrial
258,823

 
3.4
%
 
276,899

 
3.7
%
 
312,487

 
4.2
%
     HELOC
133,982

 
1.8
%
 
133,413

 
1.8
%
 
131,156

 
1.8
%
     Consumer
64,948

 
0.9
%
 
59,657

 
0.8
%
 
55,678

 
0.8
%
 
$
7,614,910

 
100
%
 
$
7,444,216

 
100
%
 
$
7,390,506

 
100
%
* Excludes covered loans
 
 
 
 
 
 
 
 
 
 
 

4

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

 
 AS OF 12/31/12
 
 AS OF 3/31/13
 
 AS OF 6/30/13
Deposits by State
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
     WA
$
4,243,437

 
45.9
%
 
65

 
$
4,223,245

 
46.1
%
 
63

 
$
4,196,436

 
46.2
%
 
63

     ID
557,727

 
6.0
%
 
16

 
554,208

 
6.1
%
 
16

 
549,214

 
6.1
%
 
16

     OR
2,057,830

 
22.3
%
 
52

 
2,027,733

 
22.2
%
 
52

 
1,981,204

 
21.9
%
 
47

     UT
329,285

 
3.6
%
 
10

 
330,855

 
3.6
%
 
10

 
327,373

 
3.6
%
 
10

     NV
193,646

 
2.1
%
 
4

 
194,594

 
2.1
%
 
4

 
194,741

 
2.1
%
 
4

     TX
97,100

 
1.1
%
 
4

 
94,410

 
1.0
%
 
4

 
98,876

 
1.1
%
 
4

     AZ
1,126,506

 
12.2
%
 
23

 
1,108,467

 
12.1
%
 
23

 
1,101,588

 
12.2
%
 
23

     NM
628,560

 
6.8
%
 
16

 
618,713

 
6.8
%
 
16

 
614,065

 
6.8
%
 
18

     Total
$
9,234,091

 
100.0
%
 
190

 
$
9,152,225

 
100.0
%
 
188

 
$
9,063,497

 
100.0
%
 
185

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 12/12 QTR
 
 
 
 3/13 QTR
 
 
 
6/13 QTR
 
 
Deposits by Type
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
Checking (noninterest)
$
437,533

 
4.7
%
 
 
 
$
424,844

 
4.6
%
 
 
 
$
423,828

 
4.7
%
 
 
NOW (interest)
853,727

 
9.2

 
 
 
827,364

 
9.0

 
 
 
790,807

 
8.7

 
 
Savings (passbook/stmt)
366,339

 
4.0

 
 
 
383,421

 
4.2

 
 
 
392,182

 
4.3

 
 
Money Market
1,914,388

 
20.7

 
 
 
1,889,083

 
20.6

 
 
 
1,841,765

 
20.3

 
 
CD's
5,662,104

 
61.3

 
 
 
5,627,513

 
61.5

 
 
 
5,614,915

 
62.0

 
 
Total
$
9,234,091

 
100.0
%
 
 
 
$
9,152,225

 
100.0
%
 
 
 
$
9,063,497

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits greater than $250,000 - EOP
$
1,400,668

 
 
 
 
 
$
1,301,512

 
 
 
 
 
$
1,266,544

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

5

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

 
 12/12 QTR
 
 3/13 QTR
 
6/13 QTR
Non-Performing Assets
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Non-accrual loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
108,570

 
66.6
%
 
111,572

 
74.8
%
 
104,252

 
70.1
%
     Construction - Speculative
9,471

 
5.8

 
7,943

 
5.3

 
3,776

 
2.5

     Construction - Custom
39

 

 
105

 
0.1

 

 

     Land - Acquisition & Development
14,318

 
8.8

 
12,177

 
8.2

 
9,586

 
6.4

     Land - Consumer Lot Loans
4,024

 
2.5

 
3,385

 
2.3

 
3,712

 
2.5

     Multi-Family
7,907

 
4.8

 
2,802

 
1.9

 
6,653

 
4.5

     Commercial Real Estate
16,958

 
10.4

 
10,395

 
7.0

 
14,348

 
9.7

     Commercial & Industrial
987

 
0.6

 
210

 
0.1

 
5,072

 
3.4

     HELOC
489

 
0.3

 
247

 
0.2

 
871

 
0.6

     Consumer
353

 
0.2

 
197

 
0.1

 
385

 
0.3

        Total non-accrual loans
163,116

 
100.0
%
 
149,033

 
100.0
%
 
148,655

 
100.0
%
Total REO
83,000

 
 
 
83,141

 
 
 
73,084

 
 
Total REHI
18,103

 
 
 
13,901

 
 
 
11,664

 
 
Total non-performing assets
$
264,219

 
 
 
$
246,075

 
 
 
$
233,403

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total non-performing assets as a
 
 
 
 
 
 
 
 
 
 
 
     % of total assets
2.02
%
 
 
 
1.88
%
 
 
 
1.79
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 

6

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

 
 12/12 QTR
 
 3/13 QTR
 
6/13 QTR
 
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Restructured loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
356,546

 
84.0
%
 
$
360,721

 
86.4
%
 
$
362,753

 
87.4
%
     Construction - Speculative
14,244

 
3.4

 
12,033

 
2.9

 
11,136

 
2.7

     Construction - Custom
1,196

 
0.3

 
1,196

 
0.3

 
1,196

 
0.3

     Land - Acquisition & Development
13,009

 
3.1

 
10,731

 
2.6

 
7,367

 
1.8

     Land - Consumer Lot Loans
13,622

 
3.2

 
13,522

 
3.2

 
13,241

 
3.2

     Multi-Family
17,517

 
4.1

 
10,250

 
2.5

 
8,480

 
2.0

     Commercial Real Estate
7,337

 
1.7

 
7,295

 
1.8

 
9,684

 
2.3

     Commercial & Industrial

 

 

 

 

 

     HELOC
891

 
0.2

 
1,090

 
0.3

 
1,089

 
0.3

     Consumer

 

 

 

 
11

 

        Total restructured loans (2)
424,362

 
100.0
%
 
416,838

 
100.0
%
 
414,957

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
(2) Restructured loans were as follows:
 
 
 
 
 
 
 
 
 
 
 
     Performing
$
397,045

 
93.6
%
 
$
395,077

 
94.8
%
 
$
391,754

 
94.4
%
     Non-accrual *
27,317

 
6.4

 
21,761

 
5.2

 
23,203

 
5.6

     * Included in "Total non-accrual loans" above
$
424.362

 
100.0
%
 
$
416.838

 
100.0
%
 
$
414,957

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 

7

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

 
 12/12 QTR
 
 3/13 QTR
 
6/13 QTR
 
AMOUNT
 
CO %**
 
AMOUNT
 
CO %**
 
AMOUNT
 
CO %**
Net Charge-offs by Category
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
5,351

 
0.38
%
 
$
2,773

 
0.21
 %
 
$
3,887

 
0.30
 %
     Construction - Speculative
873

 
2.78

 
(78
)
 
(0.25
)
 
15

 
0.05

     Construction - Custom

 

 

 

 
481

 
0.81

     Land - Acquisition & Development
2,277

 
7.88

 
(429
)
 
(1.72
)
 
375

 
1.64

     Land - Consumer Lot Loans
317

 
0.90

 
574

 
1.72

 
211

 
0.64

     Multi-Family
385

 
0.21

 
644

 
0.35

 
(156
)
 
(0.08
)
     Commercial Real Estate
209

 
0.14

 
137

 
0.09

 
(3
)
 

     Commercial & Industrial
21

 
0.03

 
15

 
0.02

 
6

 
0.01

     HELOC
55

 
0.16

 
15

 
0.04

 
24

 
0.07

     Consumer
433

 
2.47

 
292

 
1.82

 
(60
)
 
(0.40
)
        Total net charge-offs
$
9,920

 
0.49
%
 
$
3,943

 
0.20
 %
 
$
4,780

 
0.25
 %
     ** Annualized Net Charge-offs divided by Gross Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12/12 QTR
 
 
 
3/13 QTR
 
 
 
6/13 QTR
 
 
SOP 03-3
 
 
 
 
 
 
 
 
 
 
 
Accretable Yield
$
126,163

 
 
 
$
118,413

 
 
 
$
107,434

 
 
Non-Accretable Yield
212,644

 
 
 
212,644

 
 
 
212,644

 
 
Total Contractual Payments
$
338,807

 
 
 
$
331,057

 
 
 
$
320,078

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Risk
 
 
 
 
 
 
 
 
 
 
 
One Year GAP
(12.3
)%
 
 
 
(8.2
)%
 
 
 
(16.0
)%
 
 
NPV post 200 bps shock*
11.04
 %
 
 
 
16.83
 %
 
 
 
16.40
 %
 
 
Change in NII after 200 bps shock*
(1.70
)%
 
 
 
2.00
 %
 
 
 
(2.60
)%
 
 
* Assumes no balance sheet management
 
 
 
 
 
 
 
 
 
 
 
 
 12/12 QTR
 
 3/13 QTR
 
6/13 QTR
CD's Repricing
Amount
 
Rate
 
Amount
 
Rate
 
Amount
 
Rate
Within 3 months
$
972.519

 
1.21
%
 
$
940,064

 
0.60
 %
 
$
1,412,140

 
0.82
 %
From 4 to 6 months
907,260

 
0.62

 
1,382,754

 
0.84

 
1,083,198

 
0.72

From 7 to 9 months
984,981

 
0.93

 
752,633

 
0.92

 
600,955

 
0.85

From 10 to 12 months
657,334

 
0.91

 
489,362

 
0.82

 
565,777

 
0.71


8

Washington Federal, Inc.
Fact Sheet
June 30, 2013
($ in Thousands)

Historical CPR Rates ***
 
 
 
 
 
 
 
 
 
WAFD
 
WAFD
 
 
 
 
 
 
 
 
Average for Quarter Ended
SFR Mortgages
 
GSE MBS
 
 
 
 
 
 
 
 
12/31/2011
22.0
%
 
32.6
%
 
 
 
 
 
 
 
 
3/31/2012
19.5

 
27.5

 
 
 
 
 
 
 
 
6/30/2012
20.9

 
30.7

 
 
 
 
 
 
 
 
9/30/2012
22.9

 
30.7

 
 
 
 
 
 
 
 
12/31/2012
25.0

 
18.2

 
 
 
 
 
 
 
 
3/31/2013
24.0

 
21.7

 
 
 
 
 
 
 
 
6/30/2013
26.8

 
17.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*** The CPR Rate (conditional payment rate) is the rate that is equal to the proportion of the principal of a pool of loans that is paid off prematurely in each period. Also, the comparison is not precise in that Washington Federal is a portfolio lender and not required to follow GSE servicing rules/regulations.
 
 
 
 
 
 


9

Washington Federal, Inc.
Fact Sheet
June 30, 2013
Delinquency Summary (excludes covered loans)
($ in Thousands)

 
 
 
 
 
 
 AMOUNT OF LOANS
 
# OF LOANS
 
% based
 
 
 
% based
TYPE OF LOANS
 
 #LOANS
 
AVG Size
 
NET OF LIP & CHG-OFFs
 
30
 
60
 
90
 
Total
 
on #
 
$ Delinquent
 
on $
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
29,040

 
181

 
$
5,266,310

 
136

 
77

 
375

 
588

 
2.02
%
 
$
123,610

 
2.35
%
     Construction - Speculative
 
449

 
175

 
78,505

 
5

 

 
14

 
19

 
4.23

 
2,999

 
3.82

     Construction - Custom
 
538

 
238

 
127,978

 
4

 

 

 
4

 
0.74

 
240

 
0.19

     Land - Acquisition & Development
 
143

 
610

 
87,197

 
3

 
1

 
12

 
16

 
11.19

 
8,679

 
9.95

     Land - Consumer Lot Loans
 
1,509

 
88

 
132,185

 
7

 
3

 
24

 
34

 
2.25

 
4,806

 
3.64

     Multi-Family
 
1,051

 
689

 
723,682

 
1

 
1

 
8

 
10

 
0.95

 
5,952

 
0.82

     Commercial Real Estate
 
1,187

 
531

 
630,546

 
13

 
7

 
27

 
47

 
3.96

 
15,255

 
2.42

     Commercial & Industrial
 
889

 
379

 
336,808

 
4

 
4

 
7

 
15

 
1.69

 
6,020

 
1.79

     HELOC
 
2,038

 
66

 
134,899

 
11

 
5

 
8

 
24

 
1.18

 
2,050

 
1.52

     Consumer
 
8,635

 
7

 
60,630

 
143

 
72

 
75

 
290

 
3.36

 
2,383

 
3.93

 
 
45,479

 
 
 
7,578,740

 
327

 
170

 
550

 
1,047

 
2.30
%
 
171,994

 
2.27
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
29,656

 
182

 
$
5,386,798

 
154

 
96

 
390

 
640

 
2.16
%
 
$
137,447

 
2.55
%
     Construction - Speculative
 
468

 
178

 
83,191

 
7

 

 
19

 
26

 
5.56

 
4,725

 
5.68

     Construction - Custom
 
493

 
246

 
121,106

 

 
1

 
1

 
2

 
0.41

 
211

 
0.17

     Land - Acquisition & Development
 
192

 
492

 
94,370

 
2

 

 
38

 
40

 
20.83

 
13,507

 
14.31

     Land - Consumer Lot Loans
 
1,509

 
89

 
133,706

 
7

 
2

 
24

 
33

 
2.19

 
4,683

 
3.50

     Multi-Family
 
1,105

 
639

 
705,657

 
1

 

 
5

 
6

 
0.54

 
1,657

 
0.23

     Commercial Real Estate
 
2,011

 
307

 
617,558

 
19

 
1

 
19

 
39

 
1.94

 
13,148

 
2.13

     Commercial & Industrial
 
1,120

 
265

 
296,834

 
11

 

 
4

 
15

 
1.34

 
1,260

 
0.42

     HELOC
 
2,031

 
68

 
137,473

 
7

 
2

 
4

 
13

 
0.64

 
835

 
0.61

     Consumer
 
8,480

 
8

 
64,082

 
150

 
61

 
38

 
249

 
2.94

 
1,575

 
2.46

 
 
47,065

 
 
 
7,640,775

 
358

 
163

 
542

 
1,063

 
2.26
%
 
179,048

 
2.34
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
30,498

 
183

 
$
5,586,225

 
178

 
123

 
427

 
728

 
2.39
%
 
$
155,600

 
2.79
%
     Construction - Speculative
 
494

 
180

 
88,747

 
7

 
9

 
24

 
40

 
8.10

 
8,366

 
9.43

     Construction - Custom
 
517

 
235

 
121,376

 
1

 
3

 
1

 
5

 
0.97

 
218

 
0.18

     Land - Acquisition & Development
 
205

 
551

 
112,875

 
4

 
1

 
34

 
39

 
19.02

 
12,465

 
11.04

     Land - Consumer Lot Loans
 
1,559

 
90

 
140,819

 
11

 
1

 
30

 
42

 
2.69

 
4,845

 
3.44

     Multi-Family
 
1,111

 
629

 
698,497

 
4

 
1

 
31

 
36

 
3.24

 
10,989

 
1.57

     Commercial Real Estate
 
2,045

 
288

 
588,915

 
10

 
16

 
34

 
60

 
2.93

 
24,301

 
4.13

     Commercial & Industrial
 
1,159

 
242

 
280,448

 
39

 
1

 
10

 
50

 
4.31

 
7,027

 
2.51

     HELOC
 
2,036

 
68

 
138,645

 
3

 

 
7

 
10

 
0.49

 
617

 
0.45

     Consumer
 
9,087

 
8

 
69,980

 
182

 
64

 
53

 
299

 
3.29

 
2,147

 
3.07

 
 
48,711

 
 
 
7,826,527

 
439

 
219

 
651

 
1,309

 
2.69
%
 
226,575

 
2.89
%

10

Washington Federal, Inc.
Fact Sheet
June 30, 2013
Average Balance Sheet
($ in Thousands)

 
Quarters Ended
 
December 31, 2012
 
March 31, 2013
 
June 30, 2013
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and covered loans
$
7,951,020

 
$
116,843

 
5.81
%
 
$
7,875,245

 
$
112,879

 
5.81
%
 
$
7,724,376

 
$
112,932

 
5.93
%
Mortgage-backed securities
2,521,411

 
11,732

 
1.85

 
2,505,756

 
10,642

 
1.72

 
2,525,808

 
11,951

 
1.92

Cash & Investments
1,243,174

 
2,716

 
0.86

 
1,478,678

 
2,977

 
0.82

 
1,630,762

 
3,283

 
0.82

FHLB stock
151,654

 
18

 
0.05

 
153,320

 
7

 
0.02

 
151,874

 
10

 
0.03

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-earning assets
11,867,259

 
131,309

 
4.39
%
 
12,012,999

 
126,505

 
4.27
%
 
12,032,820

 
128,176

 
4.27
%
Other assets
887,079

 
 
 
 
 
1,030,178

 
 
 
 
 
1,010,351

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
12,754,338

 
 
 
 
 
$
13,043,177

 
 
 
 
 
$
13,043,171

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer accounts
8,950,066

 
18,771

 
0.83
%
 
9,094,374

 
16,695

 
0.74
%
 
8,980,485

 
16,385

 
0.73
%
FHLB advances
1,880,000

 
17,104

 
3.61

 
1,881,667

 
16,787

 
3.61

 
1,930,000

 
17,075

 
3.54

Other borrowings

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-bearing liabilities
10,830,066

 
35,875

 
1.31
%
 
10,976,041

 
33,482

 
1.24
%
 
10,910,485

 
33,460

 
1.23
%
Other liabilities
19,438

 
 
 
 
 
144,925

 
 
 
 
 
201,155

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities
10,849,504

 
 
 
 
 
11,120,966

 
 
 
 
 
11,111,640

 
 
 
 
Stockholders’ equity
1,904,834

 
 
 
 
 
1,922,211

 
 
 
 
 
1,931,531

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and equity
$
12,754,338

 
 
 
 
 
$
13,043,177

 
 
 
 
 
$
13,043,171

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
 
$
95,434

 
 
 
 
 
$
93,023

 
 
 
 
 
$
94,716

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest margin (1)
 
 
 
 
3.22
%
 
 
 
 
 
3.10
%
 
 
 
 
 
3.15
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
Annualized net interest income divided by average interest-earning assets.
 
 
 
 
 
 
 
 
 
 


11