EX-99.2 3 exhibit992_sep2015factsheet.htm EXHIBIT 99.2 Exhibit
Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

Exhibit 99.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 3/15 QTR
 
 
 
 6/15 QTR
 
 
 
 9/15 QTR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Loss Reserve - Total
$
110,221

 
 
 
$
107,977

 
 
 
$
109,914

 
 
 
     General and Specific Allowance
$
108,323

 
 
 
$
105,611

 
 
 
$
106,829

 
 
 
     Commitments Reserve
1,898

 
 
 
2,366

 
 
 
3,085

 
 
 
    Allowance as a % of Gross Loans
1.22
%
 
 
 
1.17
%
 
 
 
1.13
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulatory Capital Ratios
 
 
 
 
 
 
 
 
 
 
 
 
     Common equity tier 1 risk-based
1,641,962

 
19.97%
 
1,630,586

 
19.35%
 
1,652,569

 
18.73%
 
     Tier 1 risk-based
1,641,962

 
19.97%
 
1,630,586

 
19.35%
 
1,652,569

 
18.73%
 
     Total risk-based (excludes holding co.)
1,745,636

 
21.23%
 
1,736,830

 
20.61%
 
1,763,171

 
19.98%
 
     Tier 1 leverage (excludes holding co.)
1,641,962

 
11.52%
 
1,630,586

 
11.49%
 
1,652,569

 
11.66%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 3/15 QTR
 3/15 YTD
 
 6/15 QTR
 6/15 YTD
 
 9/15 QTR
 9/15 YTD
 
Loan Originations - Total
$
691,472

$1,270,460
 
$
752,787

$2,023,247
 
$
1,080,268

$3,103,515

     Single-Family Residential
130,636

297,935
 
196,613

494,548
 
211,193

$705,741
 
     Construction - Speculative
49,051

99,209
 
72,466

171,675
 
91,857

$263,532
 
     Construction - Custom
67,410

155,808
 
92,120

247,928
 
117,292

$365,220
 
     Land - Acquisition & Development
29,573

46,140
 
10,901

57,041
 
21,777

$78,818
 
     Land - Consumer Lot Loans
2,132

4,736
 
7,880

12,616
 
8,806

$21,422
 
     Multi-Family
73,918

136,199
 
123,886

260,085
 
89,357

$349,442
 
     Commercial Real Estate
202,498

262,338
 
108,226

370,564
 
230,046

$600,610
 
     Commercial & Industrial
119,812

234,599
 
121,632

356,231
 
286,078

$642,309
 
     HELOC
16,077

32,347
 
18,622

50,969
 
23,486

$74,455
 
     Consumer
365

1,149
 
441

1,590
 
376

$1,966
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchased Loans (including acquisitions)
$
100,001

$146,832
 
$
36,574

$183,406
 
$
96,530

$279,936
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loan Fee and Discount Accretion
$
7,071

$14,792
 
$
6,161

$20,953
 
$
8,783

$29,736
 

1

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

 
 3/15 QTR
 3/15 YTD
 
 6/15 QTR
 6/15 YTD
 
 9/15 QTR
 9/15 YTD
 
Repayments
 
 
 
 
 
 
 
 
 
Loans
$
596,801

$
1,113,727
 
 
$
651,123

$
1,764,850
 
 
$
692,418

$
2,457,268
 
 
MBS
114,836

216,330
 
 
126,951

343,281
 
 
115,910

459,191
 
 
 
 
 
 
 
 
 
 
 
 
MBS Premium Amortization
$
2,704

$
5,101
 
 
$
3,298

$
8,399
 
 
$
3,644

$
12,043
 
 
 
 
 
 
 
 
 
 
 
 
Efficiency
 
 
 
 
 
 
 
 
 
Operating Expenses/Average Assets
1.58
%
1.52
%
 
1.57
%
1.54
%
 
1.58
%
1.55
%
 
Efficiency Ratio
49.97

49.90
 
 
50.47

50.09
 
 
47.98

49.54
 
 
Amortization of Intangibles
$
982

$
2,006
 
 
$
794

$
2,800
 
 
$
751

$
3,551
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EOP Numbers
 
 
 
 
 
 
 
 
 
Shares Issued and Outstanding
95,088,294

 
 
 
93,982,148

 
 
 
92,936,395

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share repurchase information
 
 
 
 
 
 
 
 
 
Remaining shares auth. for repurchase
1,426,269

1,426,269
 
 
5,254,607

5,254,607
 
 
4,201,230

4,201,230
 
 
Shares repurchased
2,500,018

3,616,165
 
 
1,171,662

4,787,827
 
 
1,053,377

5,841,204
 
 
Average share repurchase price
$
21.21

$
21.39
 
 
$
21.93

$
21.52
 
 
$
22.48

$
21.70
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

2

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

Tangible Common Book Value
 3/15 QTR
 
 
 
 6/15 QTR
 
 
 
 9/15 QTR
 
 
$ Amount
$
1,667,237

 
 
 
$
1,659,012

 
 
 
$
1,656,321

 
 
Per Share
17.53

 
 
 
17.65

 
 
 
17.82

 
 
 
 
 
 
 
 
 
 
 
 
 
 
# of Employees
1,865

 
 
 
1,839

 
 
 
1,838

 
 
Tax Rate - Going Forward
35.75
%
 
 
 
35.75
%
 
 
 
35.75
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,567,607

 
 
 
$
1,436,457

 
 
 
$
1,263,205

 
 
     Other
1,189,299

 
 
 
1,187,917

 
 
 
1,117,358

 
 
 
$
2,756,906

 
 
 
$
2,624,374

 
 
 
$
2,380,563

 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
     Agency MBS
$
1,479,781

 
 
 
$
1,586,514

 
 
 
$
1,643,216

 
 
     Other

 
 
 

 
 
 

 
 
 
$
1,479,781

 
 
 
$
1,586,514

 
 
 
$
1,643,216

 
 
 
 
 
 
 
 
 
 
 
 
 
 

3

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

 
 AS OF 3/31/15
 
 AS OF 6/30/15
 
 AS OF 9/30/15
Gross Loan Portfolio by Category (a)
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,546,402

 
61.5%
 
$
5,568,929

 
60.1%
 
$
5,670,960

 
58.2%
     Construction - Speculative
163,657

 
1.8
 
181,668

 
2.0
 
200,509

 
2.1
     Construction - Custom
370,693

 
4.1
 
375,425

 
4.1
 
396,307

 
4.1
     Land - Acquisition & Development
107,181

 
1.2
 
90,252

 
1.0
 
96,679

 
1.0
     Land - Consumer Lot Loans
104,558

 
1.2
 
105,463

 
1.1
 
106,815

 
1.1
     Multi-Family
1,012,915

 
11.2
 
1,093,374

 
11.8
 
1,129,045

 
11.6
     Commercial Real Estate
885,177

 
9.8
 
981,824

 
10.6
 
1,152,652

 
11.8
     Commercial & Industrial
466,208

 
5.2
 
512,973

 
5.5
 
657,222

 
6.7
     HELOC
136,439

 
1.5
 
137,837

 
1.5
 
139,692

 
1.4
     Consumer
221,525

 
2.5
 
208,956

 
2.3
 
197,481

 
2.0
 
9,014,755

 
100.0%
 
9,256,701

 
100.0%
 
9,747,362

 
100.0%
     Less:
 
 
 
 
 
 
 
 
 
 
 
        ALL
108,323

 
 
 
105,611

 
 
 
106,829

 
 
        Loans in Process
426,836

 
 
 
438,941

 
 
 
476,777

 
 
        Discount on Acquired Loans
20,845

 
 
 
16,716

 
 
 
14,713

 
 
        Deferred Net Origination Fees
37,763

 
 
 
49,824

 
 
 
51,305

 
 
        Sub-Total
593,767

 
 
 
611,092

 
 
 
649,624

 
 
 
$
8,420,988

 
 
 
$
8,645,609

 
 
 
$
9,097,738

 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
Net Loan Portfolio by Category (a)
 AMOUNT
 
 %
 
 AMOUNT
 
 %
 
 AMOUNT
 
 %
     Single-Family Residential
$
5,464,292

 
64.9%
 
$
5,482,853

 
63.4%
 
$
5,588,491

 
61.4%
     Construction - Speculative
99,261

 
1.2
 
110,800

 
1.3
 
122,386

 
1.3
     Construction - Custom
199,257

 
2.4
 
201,908

 
2.3
 
202,616

 
2.2
     Land - Acquisition & Development
84,922

 
1.0
 
69,342

 
0.8
 
70,564

 
0.8
     Land - Consumer Lot Loans
100,789

 
1.2
 
101,655

 
1.2
 
103,076

 
1.1
     Multi-Family
934,864

 
11.1
 
1,006,301

 
11.6
 
1,059,406

 
11.6
     Commercial Real Estate
748,850

 
8.9
 
848,173

 
9.8
 
994,865

 
10.9
     Commercial & Industrial
438,047

 
5.2
 
484,930

 
5.6
 
625,792

 
6.9
     HELOC
133,662

 
1.6
 
135,102

 
1.6
 
137,225

 
1.5
     Consumer
217,044

 
2.6
 
204,545

 
2.4
 
193,316

 
2.1
 
$
8,420,988

 
100.0%
 
$
8,645,609

 
100.0%
 
$
9,097,738

 
100.0%
(a) Excludes covered loans
 
 
 
 
 
 
 
 
 
 
 

4

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

 
 AS OF 3/31/15
 
 
 AS OF 6/30/15
 
 AS OF 9/30/15
 
 
Deposits by State
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
 
 AMOUNT
 
%
 
#
 
     WA
$
5,028,312

 
47.0
%
 
81

 
$
4,992,642

 
47.2
%
 
82

 
$
5,031,982

 
47.3
%
 
83

 
     ID
797,117

 
7.5

 
26

 
773,269

 
7.3

 
26

 
788,271

 
7.4

 
26

 
     OR
1,991,272

 
18.6

 
49

 
1,977,131

 
18.7

 
48

 
2,002,606

 
18.8

 
48

 
     UT
299,222

 
2.8

 
10

 
295,548

 
2.8

 
10

 
291,260

 
2.7

 
10

 
     NV
349,807

 
3.3

 
11

 
350,109

 
3.3

 
11

 
347,127

 
3.3

 
11

 
     TX
89,890

 
0.8

 
5

 
91,759

 
0.9

 
5

 
89,564

 
0.8

 
5

 
     AZ
1,244,294

 
11.6

 
36

 
1,222,910

 
11.6

 
35

 
1,213,401

 
11.4

 
35

 
     NM
892,711

 
8.3

 
29

 
875,017

 
8.3

 
28

 
867,492

 
8.2

 
28

 
     Total
$
10,692,625

 
100.0
%
 
247

 
$
10,578,385

 
100.0
%
 
245

 
$
10,631,703

 
100.0
%
 
246

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits by Type
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
 
 AMOUNT
 
%
 
 
 
Checking (noninterest)
$
922,589

 
8.6
%
 
 
 
$
933,645

 
8.8
%
 
 
 
$
976,250

 
9.2
%
 
 
 
NOW (interest)
1,574,294

 
14.7

 
 
 
1,556,136

 
14.7

 
 
 
1,579,516

 
14.9

 
 
 
Savings (passbook/stmt)
663,863

 
6.2

 
 
 
671,426

 
6.3

 
 
 
700,793

 
6.6

 
 
 
Money Market
2,547,050

 
23.8

 
 
 
2,535,329

 
24.0

 
 
 
2,564,319

 
24.1

 
 
 
CD's
4,984,829

 
46.6

 
 
 
4,881,849

 
46.1

 
 
 
4,810,825

 
45.2

 
 
 
Total
$
10,692,625

 
100.0
%
 
 
 
$
10,578,385

 
100.0
%
 
 
 
$
10,631,703

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits greater than $250,000 - EOP
$
1,998,536

 
 
 
 
 
$
1,999,908

 
 
 
 
 
$
2,096,690

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

5

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

 
 AS OF 3/31/15
 
 AS OF 6/30/15
 AS OF 9/30/15
Non-Performing Assets
AMOUNT
 
%
 
AMOUNT
 
%
 
 AMOUNT
 
 %
Non-accrual loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
60,781

 
79.0%
 
$
56,638

 
86.7%
 
$
59,074

 
87.1%
     Construction - Speculative
1,152

 
1.5
 
762

 
1.2
 
754

 
1.1
     Construction - Custom

 
 
355

 
0.5
 
732

 
1.1
     Land - Acquisition & Development

 
 

 
 

 
     Land - Consumer Lot Loans
2,458

 
3.2
 
1,308

 
2.0
 
1,273

 
1.9
     Multi-Family

 
 
786

 
1.2
 
2,558

 
3.8
     Commercial Real Estate
5,735

 
7.5
 
2,852

 
4.4
 
2,176

 
3.2
     Commercial & Industrial
5,018

 
6.5
 
1,205

 
1.8
 

 
     HELOC
1,175

 
1.5
 
889

 
1.4
 
563

 
0.8
     Consumer
576

 
0.7
 
513

 
0.8
 
680

 
1.0
        Total non-accrual loans
76,895

 
100.0%
 
65,308

 
100.0%
 
67,810

 
100.0%
Total REO
72,239

 
 
 
59,239

 
 
 
57,191

 
 
Total REHI
4,068

 
 
 
4,336

 
 
 
3,576

 
 
Total non-performing assets
$
153,202

 
(b)
 
$
128,883

 
(b)
 
$
128,577

 
(b)
(b) Includes $10 million from former Horizon Bank
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total non-performing loans
0.91
%
 
 
 
0.76
%
 
 
 
0.75
%
 
 
Total non-performing assets
1.05
%
 
 
 
0.90
%
 
 
 
0.88
%
 
 
     As a % of total assets
 
 
 
 
 
 
 
 
 
 
 

6

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

 
3/15 QTR
 
6/15 QTR
 
9/15 QTR
 
 AMOUNT
 
%
 
 AMOUNT
 
%
 
 AMOUNT
 
%
Restructured loans:
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
290,950

 
85.6
 
$
275,428

 
85.7
 
$
259,460

 
85.7
     Construction - Speculative
6,408

 
1.9
 
6,370

 
2.0
 
4,989

 
1.6
     Construction - Custom

 
 

 
 

 
     Land - Acquisition & Development
4,179

 
1.2
 
3,536

 
1.1
 
2,486

 
0.8
     Land - Consumer Lot Loans
12,501

 
3.7
 
11,539

 
3.6
 
11,289

 
3.7
     Multi-Family
3,862

 
1.1
 
3,843

 
1.2
 
3,823

 
1.3
     Commercial Real Estate
20,673

 
6.1
 
19,251

 
6.0
 
19,124

 
6.3
     Commercial & Industrial

 
 

 
 

 
     HELOC
1,394

 
0.4
 
1,394

 
0.4
 
1,443

 
0.5
     Consumer
122

 
 
120

 
 
99

 
        Total restructured loans
$
340,089

 
100.0%
 
$
321,481

 
100.0%
 
$
302,713

 
100.0%
 
 
 
 
 
 
 
 
 
 
 
 
Restructured loans were as follows:
 
 
 
 
 
 
 
 
 
 
 
     Performing
$
327,386

 
96.3%
 
$
308,355

 
95.9%
 
$
289,587

 
95.7%
     Non-performing (c)
12,703

 
3.7
 
13,126

 
4.1
 
13,126

 
4.3
     Total restructured loans
$
340,089

 
100.0%
 
$
321,481

 
100.0%
 
$
302,713

 
100.0%
     (c) Included in "Total non-accrual loans" above
 
 
 
 
 
 
 
 
 
 
 

7

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

 
3/15 QTR
 
6/15 QTR
 
9/15 QTR
 
AMOUNT
 
CO % (d)
 
AMOUNT
 
CO % (d)
 
AMOUNT
 
CO % (d)
Net Charge-offs (Recoveries) by Category
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
$
(2,713
)
 
(0.20)%
 
$
(2,181
)
 
(0.16)%
 
$
(2,128
)
 
(0.15)%
     Construction - Speculative
(75
)
 
(0.18)
 

 
 
(45
)
 
(0.09)
     Construction - Custom

 
 

 
 

 
     Land - Acquisition & Development
(204
)
 
(0.76)
 
(1
)
 
 
(1
)
 
     Land - Consumer Lot Loans
17

 
0.07
 
89

 
0.34
 
96

 
0.36
     Multi-Family

 
 

 
 

 
     Commercial Real Estate
(453
)
 
(0.20)
 
1,361

 
0.55
 
68

 
0.02
     Commercial & Industrial
338

 
0.29
 
1,210

 
0.94
 
468

 
0.28
     HELOC

 
 
25

 
0.07
 
39

 
0.11
     Consumer
(33
)
 
(0.06)
 
(192
)
 
(0.37)
 
(215
)
 
(0.44)
        Total net charge-offs
$
(3,123
)
 
(0.14)%
 
$
313

 
0.01%
 
$
(1,718
)
 
(0.07)%
     (d) Annualized Net Charge-offs divided by Gross Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SOP 03-3 Acquired Loans
 
 
 
 
 
 
 
 
 
 
 
Accretable Yield
$
91,290

 
 
 
$
83,640

 
 
 
$
76,917

 
 
Non-Accretable Yield
167,603

 
 
 
167,603

 
 
 
167,603

 
 
Total Contractual Payments
$
258,893

 
 
 
$
251,243

 
 
 
$
244,520

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Risk
 
 
 
 
 
 
 
 
 
 
 
One Year GAP
 
 
(10.3
)%
 
 
 
(13.2
)%
 
 
 
(13.4
)%
NPV post 200 bps shock (e)
 
 
16.50
 %
 
 
 
16.53
 %
 
 
 
15.91
 %
Change in NII after 200 bps shock (e)
 
 
(1.1
)%
 
 
 
(2.2
)%
 
 
 
(2.2
)%
(e) Assumes no balance sheet management
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CD's Repricing
Amount
 
Rate
 
Amount
 
Rate
 
Amount
 
Rate
Within 3 months
$
612,836

 
0.60
 %
 
$
621,694

 
0.45
 %
 
$
897,917

 
0.49
 %
From 4 to 6 months
883,166

 
0.50
 %
 
913,269

 
0.50
 %
 
977,012

 
0.54
 %
From 7 to 9 months
708,921

 
0.58
 %
 
620,542

 
0.61
 %
 
444,042

 
0.68
 %
From 10 to 12 months
745,590

 
0.47
 %
 
678,536

 
0.56
 %
 
497,525

 
0.86
 %

8

Washington Federal, Inc.
Fact Sheet
September 30, 2015
($ in Thousands)

Historical CPR Rates (f)
 
 
 
 
 
 
 
 
 
WAFD
 
WAFD
 
 
 
 
 
 
 
 
Average for Quarter Ended:
SFR Mortgages
 
GSE MBS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9/30/2013
21.4
%
 
15.9
%
 
 
 
 
 
 
 
 
12/31/2013
13.5
%
 
8.7
%
 
 
 
 
 
 
 
 
3/31/2014
10.1
%
 
8.5
%
 
 
 
 
 
 
 
 
6/30/2014
13.8
%
 
10.6
%
 
 
 
 
 
 
 
 
9/30/2014
14.6
%
 
13.4
%
 
 
 
 
 
 
 
 
12/31/2014
15.9
%
 
12.1
%
 
 
 
 
 
 
 
 
3/31/2015
16.4
%
 
13.9
%
 
 
 
 
 
 
 
 
6/30/2015
18.7
%
 
15.9
%
 
 
 
 
 
 
 
 
9/30/2015
17.8
%
 
14.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(f) 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
September 30, 2015
Average Balance Sheet
($ in Thousands)

 
Quarters Ended
 
March 31, 2015
 
June 30, 2015
 
September 30, 2015
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Average
 
 
 
Average
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
 
Balance
 
Interest
 
Rate
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and covered loans
$
8,487,458

 
$
109,275

 
5.22
%
 
$
8,628,344

 
$
107,249

 
4.99
%
 
$
8,908,562

 
$
112,185

 
5.00
%
Mortgage-backed securities
3,070,002

 
18,144

 
2.40

 
3,024,821

 
16,995

 
2.25

 
2,965,534

 
17,079

 
2.28

Cash & Investments
1,688,076

 
4,813

 
1.16

 
1,543,556

 
4,625

 
1.20

 
1,429,487

 
5,509

 
1.53

FHLB & FRB Stock
154,342

 
399

 
1.05

 
134,692

 
430

 
1.28

 
106,849

 
566

 
2.10

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-earning assets
13,399,878

 
132,630

 
4.01
%
 
13,331,414

 
129,300

 
3.89
%
 
13,410,432

 
135,339

 
4.00
%
Other assets
1,150,996

 
 
 
 
 
1,124,750

 
 
 
 
 
1,114,484

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
14,550,874

 
 
 
 
 
$
14,456,164

 
 
 
 
 
$
14,524,916

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer accounts
10,659,570

 
12,574

 
0.48
%
 
10,635,364

 
12,485

 
0.47
%
 
10,650,672

 
12,550

 
0.47
%
FHLB advances
1,830,000

 
16,176

 
3.58

 
1,820,110

 
16,250

 
3.58

 
1,824,565

 
15,936

 
3.47

Other borrowings

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total interest-bearing liabilities
12,489,570

 
28,750

 
0.93
%
 
12,455,474

 
28,735

 
0.93
%
 
12,475,237

 
28,486

 
0.91
%
Other liabilities
114,628

 
 
 
 
 
46,980

 
 
 
 
 
100,023

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities
12,604,198

 
 
 
 
 
12,502,454

 
 
 
 
 
12,575,260

 
 
 
 
Stockholders’ equity
1,946,676

 
 
 
 
 
1,953,710

 
 
 
 
 
1,949,656

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and equity
$
14,550,874

 
 
 
 
 
$
14,456,164

 
 
 
 
 
$
14,524,916

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
 
$
103,881

 
 
 
 
 
$
100,565

 
 
 
 
 
$
106,853

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest margin
 
 
 
 
3.10
%
 
 
 
 
 
3.02
%
 
 
 
 
 
3.19
%
 
 
 
 
 
 
 
 
 
 
 
 
(Annualized net interest income divided by average interest-earning assets)
 
 
 
 
 
 
 
 
 
 
 


10

Washington Federal, Inc.
Fact Sheet
September 30, 2015
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 $
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
27,768

 
204

 
$
5,666,725

 
95

 
42

 
182

 
319

 
1.15
%
 
$
64,908

 
1.15
%
     Construction - Speculative
 
618

 
211

 
130,121

 

 

 

 

 
%
 

 
%
     Construction - Custom
 
812

 
253

 
205,692

 
4

 
1

 
2

 
7

 
0.86
%
 
1,524

 
0.74
%
     Land - Acquisition & Development
 
141

 
546

 
76,944

 
2

 

 
2

 
4

 
2.84
%
 
924

 
1.20
%
     Land - Consumer Lot Loans
 
1,259

 
85

 
106,752

 
10

 
4

 
11

 
25

 
1.99
%
 
2,578

 
2.41
%
     Multi-Family
 
994

 
1,077

 
1,070,874

 
1

 
1

 
4

 
6

 
0.60
%
 
2,371

 
0.22
%
     Commercial Real Estate
 
1,005

 
1,015

 
1,019,625

 
3

 

 
3

 
6

 
0.60
%
 
1,700

 
0.17
%
     Commercial & Industrial
 
1,175

 
560

 
657,490

 
3

 
1

 
2

 
6

 
0.51
%
 
943

 
0.14
%
     HELOC
 
2,175

 
64

 
139,682

 
8

 
1

 
6

 
15

 
0.69
%
 
982

 
0.70
%
     Consumer
 
5,076

 
39

 
197,481

 
85

 
35

 
40

 
160

 
3.15
%
 
1,836

 
0.93
%
 
 
41,023

 
226

 
$
9,271,386

 
211

 
85

 
252

 
548

 
1.34
%
 
$
77,766

 
0.84
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
28,055

 
198

 
$
5,566,121

 
90

 
39

 
234

 
363

 
1.29
%
 
$
73,236

 
1.32
%
     Construction - Speculative
 
608

 
194

 
117,711

 

 

 
1

 
1

 
0.16
%
 

 
%
     Construction - Custom
 
765

 
268

 
204,914

 
1

 
1

 
1

 
3

 
0.39
%
 
774

 
0.38
%
     Land - Acquisition & Development
 
138

 
549

 
75,726

 
2

 

 
2

 
4

 
2.90
%
 
1,498

 
1.98
%
     Land - Consumer Lot Loans
 
1,250

 
84

 
105,403

 
6

 
3

 
17

 
26

 
2.08
%
 
2,852

 
2.71
%
     Multi-Family
 
1,000

 
1,017

 
1,017,437

 

 
1

 
2

 
3

 
0.30
%
 
1,041

 
0.10
%
     Commercial Real Estate
 
978

 
890

 
870,691

 
3

 
1

 
8

 
12

 
1.23
%
 
3,196

 
0.37
%
     Commercial & Industrial
 
1,173

 
437

 
512,966

 
3

 

 
3

 
6

 
0.51
%
 
930

 
0.18
%
     HELOC
 
2,151

 
64

 
137,837

 
8

 
3

 
8

 
19

 
0.88
%
 
1,792

 
1.30
%
     Consumer
 
5,432

 
38

 
208,956

 
103

 
34

 
36

 
173

 
3.18
%
 
1,097

 
0.53
%
 
 
41,550

 
212

 
$
8,817,761

 
216

 
82

 
312

 
610

 
1.47
%
 
$
86,416

 
0.98
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Single-Family Residential
 
28,365

 
195

 
$
5,543,851

 
92

 
41

 
243

 
376

 
1.33
%
 
$
78,895

 
1.42
%
     Construction - Speculative
 
577

 
183

 
105,568

 
23

 

 
2

 
25

 
4.33
%
 
2,525

 
2.39
%
     Construction - Custom
 
766

 
263

 
201,777

 
2

 
2

 

 
4

 
0.52
%
 
1,169

 
0.58
%
     Land - Acquisition & Development
 
144

 
654

 
94,179

 

 

 
2

 
2

 
1.39
%
 
868

 
0.92
%
     Land - Consumer Lot Loans
 
1,271

 
82

 
104,477

 
6

 
4

 
20

 
30

 
2.36
%
 
3,621

 
3.47
%
     Multi-Family
 
994

 
951

 
944,937

 
1

 

 
3

 
4

 
0.40
%
 
947

 
0.10
%
     Commercial Real Estate
 
983

 
830

 
815,978

 
3

 
4

 
9

 
16

 
1.63
%
 
10,670

 
1.31
%
     Commercial & Industrial
 
1,140

 
416

 
474,090

 
1

 

 
4

 
5

 
0.44
%
 
2,994

 
0.63
%
     HELOC
 
2,084

 
65

 
136,439

 
7

 
3

 
9

 
19

 
0.91
%
 
1,393

 
1.02
%
     Consumer
 
5,921

 
37

 
221,525

 
111

 
33

 
42

 
186

 
3.14
%
 
1,064

 
0.48
%
 
 
42,245

 
205

 
$
8,642,822

 
246

 
87

 
334

 
667

 
1.58
%
 
$
104,145

 
1.20
%

11