EX-99 3 apr16_x991.txt APRIL 16 2004 EXHIBIT 99.1 1 Washington Federal, Inc. Fact Sheet March 31, 2004 ($ in Thousands) 9/03 QTR 12/03 QTR 3/04 QTR -------- -------- --------- Loan Loss Reserve - Total $ 25,806 $ 25,630 $ 25,462 - General 24,029 24,683 24,075 - Specific 1,777 947 1,388 - Acq'd through Acquisition 1,597 --- --- Net Charge-offs (Recoveries) for the Qtr 307 176 168 Nonperforming Assets - Total 27,434 24,785 25,216 - REO 11,496 9,122 8,567 - Nonaccrual 15,938 15,663 16,649 Troubled Debt Restructuring 2,551 1,475 1,465 Capital Ratios - Tangible 956,471 12.91% 972,908 13.11% 990,996 13.36% - Core 956,471 12.91 972,908 13.11 990,996 13.36 - Risk Based 974,776 24.10 991,697 25.34 1,008,351 25.81 9/03 QTR 9/03 YTD 12/03 QTR 3/04 QTR 3/04 YTD -------- -------- -------- --------- -------- Loan Originations - Total $ 567,820 $1,867,111 $ 483,260 $ 429,564 $ 912,824 - Construction 126,436 487,692 114,660 127,989 242,649 - Land 45,986 163,532 63,436 56,966 120,402 - Permanent 350,527 1,078,374 283,905 223,002 506,907 - Refinances 44,871 137,513 21,259 21,607 42,866 9/03 QTR 9/03 YTD 12/03 QTR 3/04 QTR 3/04 YTD -------- -------- -------- -------- -------- Loan Servicing Fee Income $ 2,214 $ 6,965 $ 1,573 $ 1,223 $ 2,796 Other Fee Income 337 983 220 237 457 -------- -------- -------- -------- -------- Total Fee Income $ 2,551 $ 7,948 $ 1,793 $ 1,460 $ 3,253 ======== ======== ======== ======== ======== 9/03 QTR 9/03 YTD 12/03 QTR 3/04 QTR 3/04 YTD -------- -------- -------- -------- -------- Average Loans $4,608,632 $4,740,877 $4,830,266 $4,874,013 $4,852,020 Average Earning Assets 6,998,817 7,058,975 7,227,381 7,264,724 7,245,950 Average Assets 7,316,035 7,334,334 7,537,182 7,537,758 7,536,417 Operating Expenses/Average Assets 0.55% 0.60% 0.57% 0.59% 0.58% Efficiency Ratio 15.95 16.48 17.57 18.14 17.85 Amortization of Intangibles $ 126 $ 126 $ 368 $ 355 $ 723 Repayments 9/03 QTR 9/03 YTD 12/03 QTR 3/04 QTR 3/04 YTD ---------- -------- -------- -------- -------- -------- Loans $ 653,125 $2,570,456 $ 441,153 $ 348,201 $ 789,354 MBS 145,277 644,821 84,734 55,189 139,923 EOP Numbers 9/03 QTR 12/03 QTR 3/04 QTR ----------- -------- -------- --------- Shares Issued and Outstanding 78,290,836 * 78,410,068 * 78,498,545 Share repurchase information 9/03 QTR 9/03 YTD 12/03 QTR 3/04 QTR 3/04 YTD ---------------------------- -------- -------- -------- -------- -------- Remaining shares auth. for repurchase 3,094,103 * 3,094,103 * 3,094,103 * 3,094,103 3,094,103 Shares repurchased --- 561,077 * --- --- --- Average share repurchase price $ --- $ 17.88 * $ --- $ --- $ --- * - Item has been adjusted for the Feb. 2004 10% stock dividend -1- 2 Tangible Book Value 9/03 QTR 12/03 QTR 3/04 QTR ------------------- -------- -------- --------- $ Amount $ 995,260 $1,010,232 $1,032,727 Per Share 12.71 * 12.88 * 13.16 # of Employees 754 751 754 Tax Rate - Going Forward 35.25% 35.25% 35.25% 9/03 QTR 12/03 QTR 3/04 QTR ---------------- ---------------- ---------------- Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT % -------------------------- ------ - ------ - ------ - Permanent 1-4 Family Loans $3,839,535 74.0% $3,824,966 73.2% $3,852,130 72.6% Multi-Family 479,129 9.2 480,365 9.2 490,865 9.3 Construction 651,242 12.6 648,049 13.1 705,726 13.3 Land 217,215 4.2 232,904 4.5 254,610 4.8 ---------- ---- ---------- ---- ---------- ---- Gross Loans (before ALL, Deferrals and LIP) $5,187,121 100% $5,222,284 100% $5,303,331 100% ========== ==== ========== ==== ========== ==== 9/03 QTR 12/03 QTR 3/04 QTR ----------------------- ----------------------- ----------------------- Deposits by State AMOUNT % # AMOUNT % # AMOUNT % # ----------------- ------ - - ------ - - ------ - - WA $2,233,916 48.8% 44 $2,235,420 48.8% 44 $2,222,699 48.8% 44 ID 480,375 10.5 16 484,151 10.6 16 483,037 10.6 16 OR 777,554 17.0 24 779,472 17.0 24 774,609 17.0 24 UT 270,487 5.9 11 267,373 5.8 11 270,082 5.9 11 NV 64,766 1.4 2 60,881 1.3 2 61,534 1.3 2 TX 28,156 0.6 1 23,848 0.5 1 23,275 0.5 1 AZ 722,344 15.8 20 728,015 15.9 20 725,510 15.9 20 ---------- ---- --- ---------- ---- --- ---------- ---- --- Total $4,577,598 100% 118 $4,579,160 100% 118 $4,560,746 100% 118 ========== ==== === ========== ==== === ========== ==== === 9/03 QTR 12/03 QTR 3/04 QTR ---------------- ---------------- ---------------- Deposits by type AMOUNT % AMOUNT % AMOUNT % ---------------- ------ - ------ - ------ - Checking (Noninterest) $ 26,615 0.6% $ 16,817 0.4% $ 18,625 0.4% Now (interest) 163,738 3.6 166,876 3.6 169,947 3.7 Savings (passbook/stmt) 234,023 5.1 227,653 5.0 228,712 5.0 Money Market 1,037,641 22.7 990,221 21.6 963,632 21.1 C.D.'s 3,115,581 68.1 3,177,593 69.4 3,179,830 69.8 ---------- ---- ---------- ---- ---------- ---- Total $4,577,598 100% $4,579,160 100% $4,560,746 100% ========== ==== ========== ==== ========== ==== Deposits greater than $100,000 - EOP $1,133,373 $1,141,618 $1,145,097 Brokered Deposits $ --- $ --- $ --- * - Item has been adjusted for the Feb. 2004 10% stock dividend -2-