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Financial Information - Washington Federal, Inc. (Tables) | 12 Months Ended
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Sep. 30, 2022
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, 2022 | September 30, 2021
| (In thousands)
Assets |  |
Cash | $ | 130,502 |  | $ | 28,696 |
Other assets | 5,000 |  | 5,000 |
Investment in subsidiary | 2,143,116 |  | 2,096,464 |
Total assets | $ | 2,278,618 |  | $ | 2,130,160 |
Liabilities |  |
Dividend payable on preferred stock | $ | 3,656 |  | $ | 3,656 |
Other liabilities | 702 |  | 440 |
Total liabilities | 4,358 |  | 4,096 |
Shareholders’ equity |  |
Total shareholders’ equity | 2,274,260 |  | 2,126,064 |
Total liabilities and shareholders’ equity | $ | 2,278,618 |  | $ | 2,130,160 |
Condensed Statements of Operations |  |  |
Twelve Months Ended September 30, | 2022 | 2021 | 2020
| (In thousands)
Income |  |  |
Dividends from subsidiary | $ | 172,850 |  | $ | 92,400 |  | $ | 190,900 |
Total Income | 172,850 |  | 92,400 |  | 190,900 |
Expense |  |  |
Miscellaneous expense | 619 |  | 626 |  | 529 |
Total expense | 619 |  | 626 |  | 529 |
Net income (loss) before equity in undistributed net income (loss) of subsidiary | 172,231 |  | 91,774 |  | 190,371 |
Equity in undistributed net income (loss) of subsidiaries | 63,956 |  | 91,697 |  | (17,055) |
Income before income taxes | 236,187 |  | 183,471 |  | 173,316 |
Income tax benefit (expense) | 143 |  | 144 |  | 122 |
Net income | 236,330 |  | 183,615 |  | 173,438 |
Dividends on preferred stock | 14,625 |  | 10,034 |  | — |
Net income available to common shareholders | $ | 221,705 |  | $ | 173,581 |  | $ | 173,438 |
Condensed Statements of Cash Flows |  |  |
Twelve Months Ended September 30, | 2022 | 2021 | 2020
| (In thousands)
Cash Flows From Operating Activities |  |  |
Net income | $ | 236,330 |  | $ | 183,615 |  | $ | 173,438 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Undistributed earnings from investments in subsidiaries | (63,956) |  | (91,697) |  | — |
Distributions in excess of earnings from investments in subsidiaries | — |  | — |  | 17,055 |
Stock based compensation expense | 6,808 |  | 6,381 |  | 6,469 |
Increase (decrease) in other liabilities | 262 |  | 440 |  | — |
Net cash provided by (used in) operating activities | 179,444 |  | 98,739 |  | 196,962 |
Cash Flows From Investing Activities |  |  |
Purchase of strategic investments | — |  | — |  | — |
Net cash provided by (used in) investing activities | — |  | — |  | — |
Cash Flows From Financing Activities |  |  |
Proceeds from exercise of common stock options and related tax benefit | 1,823 |  | 339 |  | 144 |
Proceeds from issuance of preferred stock, net | — |  | 293,325 |  |
Treasury stock purchased | (3,260) |  | (348,651) |  | (112,133) |
Dividends on preferred stock | (14,625) |  | (6,378) |  | — |
Dividends on common stock | (61,576) |  | (65,876) |  | (66,496) |
Net cash provided by (used in) financing activities | (77,638) |  | (127,241) |  | (178,485) |
Increase (decrease) in cash | 101,806 |  | (28,502) |  | 18,477 |
Cash at beginning of year | 28,696 |  | 57,198 |  | 38,721 |
Cash at end of year | $ | 130,502 |  | $ | 28,696 |  | $ | 57,198 |

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