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Financial Information - Washington Federal, Inc. (Tables) | 12 Months Ended
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Sep. 30, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed financial information of parent company | The following Washington Federal, Inc. (parent company only) financial information should be read in conjunction with the other notes to the Consolidated Financial Statements.
Condensed Statements of Financial Condition |  |
| September 30, 2021 | September 30, 2020
| (In thousands)
Assets |  |
Cash | $ | 28,696 |  | $ | 57,198 |
Other assets | 5,000 |  | 5,000 |
Investment in subsidiary | 2,096,464 |  | 1,951,935 |
Total assets | $ | 2,130,160 |  | $ | 2,014,133 |
Liabilities |  |
Dividend payable on preferred stock | $ | 3,656 |  | $ | — |
Other liabilities | 440 |  | — |
Total liabilities | 4,096 |  | — |
Shareholders’ equity |  |
Total shareholders’ equity | 2,126,064 |  | 2,014,133 |
Total liabilities and shareholders’ equity | $ | 2,130,160 |  | $ | 2,014,133 |
Condensed Statements of Operations |  |  |
Twelve Months Ended September 30, | 2021 | 2020 | 2019
| (In thousands)
Income |  |  |
Dividends from subsidiary | $ | 92,400 |  | $ | 190,900 |  | $ | 208,389 |
Total Income | 92,400 |  | 190,900 |  | 208,389 |
Expense |  |  |
Miscellaneous expense | 626 |  | 529 |  | 448 |
Total expense | 626 |  | 529 |  | 448 |
Net income (loss) before equity in undistributed net income (loss) of subsidiary | 91,774 |  | 190,371 |  | 207,941 |
Equity in undistributed net income (loss) of subsidiaries | 91,697 |  | (17,055) |  | 2,213 |
Income before income taxes | 183,471 |  | 173,316 |  | 210,154 |
Income tax benefit (expense) | 144 |  | 122 |  | 102 |
Net income | 183,615 |  | 173,438 |  | 210,256 |
Dividends on preferred stock | 10,034 |  | — |  | — |
Net income available to common shareholders | $ | 173,581 |  | $ | 173,438 |  | $ | 210,256 |
Condensed Statements of Cash Flows |  |  |
Twelve Months Ended September 30, | 2021 | 2020 | 2019
| (In thousands)
Cash Flows From Operating Activities |  |  |
Net income | $ | 183,615 |  | $ | 173,438 |  | $ | 210,256 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Equity in undistributed net income (loss) of subsidiaries | (91,697) |  | 17,055 |  | (2,213) |
Stock based compensation expense | 6,381 |  | 6,469 |  | 5,265 |
Increase (decrease) in other liabilities | 440 |  | — |  | (3,489) |
Net cash provided by (used in) operating activities | 98,739 |  | 196,962 |  | 209,819 |
Cash Flows From Investing Activities |  |  |
Purchase of strategic investments | — |  | — |  | (5,000) |
Net cash provided by (used in) investing activities | — |  | — |  | (5,000) |
Cash Flows From Financing Activities |  |  |
Proceeds from exercise of common stock options and related tax benefit | 339 |  | 144 |  | 740 |
Proceeds from issuance of preferred stock, net | 293,325 |  | — |  |
Treasury stock purchased | (348,651) |  | (112,133) |  | (123,854) |
Dividends on preferred stock | (6,378) |  | — |  | — |
Dividends on common stock | (65,876) |  | (66,496) |  | (63,318) |
Net cash provided by (used in) financing activities | (127,241) |  | (178,485) |  | (186,432) |
Increase (decrease) in cash | (28,502) |  | 18,477 |  | 18,387 |
Cash at beginning of year | 57,198 |  | 38,721 |  | 20,334 |
Cash at end of year | $ | 28,696 |  | $ | 57,198 |  | $ | 38,721 |

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