EX-99 3 oct18_x992.txt OCTOBER 18 2007 FORM 8-K EXHIBIT 99.2 1 Washington Federal, Inc. Fact Sheet September 30, 2007 ($ in Thousands) 3/07 QTR 6/07 QTR 9/07 QTR --------- -------- --------- Loan Loss Reserve - Total $ 27,998 $ 28,817 $ 28,520 - General 27,888 28,217 27,928 - Specific 111 601 593 Net Charge-offs (Recoveries) for the Qtr 297 187 647 Nonperforming Assets - Total 10,049 12,024 15,931 - REO 1,758 2,740 1,413 - Nonaccrual 8,291 9,284 14,518 Troubled Debt Restructuring 263 256 250 Regulatory Capital Ratios - Tangible 1,193,931 12.22% 1,211,181 12.23% 1,229,005 12.06% - Core 1,193,931 12.22 1,211,181 12.23 1,229,005 12.06 - Risk Based 1,217,434 21.99 1,233,276 21.71 1,217,434 21.44 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD 9/07 QTR 9/07 YTD -------- --------- -------- -------- -------- --------- Loan Originations - Total $ 547,179 $1,062,485 $ 664,052 $1,726,537 $ 575,408 $2,301,945 - Single-Family 265,769 498,026 356,398 854,424 315,498 1,169,922 - Multi-Family 17,451 43,435 21,281 64,716 33,737 98,453 - Land 125,024 226,943 137,326 364,269 121,823 486,092 - Construction 127,815 282,961 140,633 423,594 94,429 518,023 - Commercial RE 4,767 4,767 4,216 8,983 7,283 16,266 - Other 6,353 6,353 4,198 10,551 2,638 13,189 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD 9/07 QTR 9/07 YTD -------- -------- -------- -------- -------- --------- Loan Servicing Fee Income $ 1,481 $ 2,810 $ 1,644 $ 4,454 $ 1,697 $ 6,150 Other Fee Income 469 681 676 1,357 733 2,090 -------- -------- -------- -------- -------- -------- Total Fee Income $ 1,950 $ 3,491 $ 2,320 $ 5,811 $ 2,430 $ 8,240 ======== ======== ======== ======== ======== ======== 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD 9/07 QTR 9/07 YTD -------- -------- -------- -------- -------- --------- Average Loans $7,528,123 $7,340,082 $7,851,203 $7,510,455 $8,003,878 $7,634,825 Average Earning Assets 9,269,181 9,070,100 9,606,439 9,248,879 9,790,997 9,385,523 Average Assets 9,518,689 9,329,053 9,900,580 9,502,789 10,127,481 9,657,822 Average Paying Liabilities 8,092,286 7,879,539 8,447,141 8,068,740 8,656,288 8,216,834 Operating Expenses/Average Assets 0.67% 0.64% 0.70% 0.66% 0.70% 0.67% Efficiency Ratio 23.45 22.39 24.03 22.96 25.32 23.56 Amortization of Intangibles $ 410 $ 629 $ 601 $ 1,230 $ 589 $ 1,819 Net Interest Margin 2.81% 2.81% 2.77% 2.80% 2.70% 2.77% Repayments 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD 9/07 QTR 9/07 YTD ---------- -------- -------- -------- -------- -------- --------- Loans $ 442,408 $ 815,087 $ 474,010 $ 1,289,097 $ 415,242 $1,704,339 MBS 46,473 91,839 47,846 139,685 43,978 183,663 EOP Numbers 3/07 QTR 6/07 QTR 9/07 QTR ----------- -------- -------- --------- Shares Issued and Outstanding 87,326,643 87,360,751 87,441,750 Share repurchase information 3/07 QTR 3/07 YTD 6/07 QTR 6/07 YTD 9/07 QTR 9/07 YTD ---------------------------- -------- -------- -------- --------- -------- --------- Remaining shares auth. for repurchase 3,060,014 3,060,014 2,988,314 2,988,314 2,888,314 2,888,314 Shares repurchased 250,000 250,000 71,700 321,700 100,000 421,700 Average share repurchase price $ 23.40 $ 23.40 $ 23.59 $ 23.44 $ 23.07 $ 23.35 -1- 2 Tangible Book Value 3/07 QTR 6/07 QTR 9/07 QTR ------------------- -------- --------- --------- $ Amount $1,186,438 $1,187,583 $1,210,882 Per Share 13.59 13.59 13.85 # of Employees 911 898 886 Tax Rate - Going Forward 35.85% 35.85% 35.85% AS OF 3/31/07 AS OF 6/30/07 AS OF 9/30/07 ---------------- ---------------- ---------------- Loan Portfolio by Category AMOUNT % AMOUNT % AMOUNT % -------------------------- ------ - ------ - ------ - Single-Family Residential $5,775,439 69.3% $5,896,528 69.1% $6,067,406 69.8% Multi-Family 545,138 6.5 548,215 6.4 558,873 6.4 Construction 1,113,549 13.3 1,105,990 13.0 1,044,637 12.0 Land 775,223 9.3 847,419 9.9 894,934 10.3 Commercial Real Estate 103,513 1.2 105,772 1.2 103,567 1.2 Other 35,393 0.4 34,048 0.4 30,260 0.3 ---------- ---- ---------- ---- ---------- ---- Gross Loans (before ALL/Deferrals/LIP) $8,348,255 100% $8,537,972 100% 8,699,677 100% ========== ==== ========== ==== ========== ==== AS OF 3/31/07 AS OF 6/30/07 AS OF 9/30/07 ----------------------- --------------------- ---------------------- Deposits by State AMOUNT % # AMOUNT % # AMOUNT % # ----------------- ------ - - ------ - - ------ - - WA $2,541,168 42.5% 43 $2,530,068 42.5% 43 $2,552,796 42.6% 42 ID 548,317 9.2 16 542,591 9.1 16 562,284 9.4 16 OR 1,082,264 18.1 27 1,101,642 18.5 27 1,132,121 18.9 27 UT 327,498 5.5 10 318,237 5.3 10 322,732 5.4 10 NV 130,234 2.2 3 126,302 2.1 3 117,945 2.0 3 TX 113,885 1.9 6 95,652 1.6 6 85,132 1.4 6 AZ 826,630 13.8 20 821,602 13.8 20 809,514 13.5 20 NM 409,109 6.8 11 418,862 7.0 11 414,261 6.9 11 ---------- ---- --- ---------- ---- --- ---------- ---- --- Total 5,979,105 100% 136 $5,954,956 100% 136 5,996,785 100% 135 ========== ==== === ========== ==== === ========== ==== === 3/07 QTR 6/07 QTR 9/07 QTR ---------------- ---------------- ---------------- Deposits by Type AMOUNT % AMOUNT % AMOUNT % ---------------- ------ - ------ - ------ - Checking (noninterest) $ 96,780 1.6% $ 100,394 1.7% $ 88,732 1.5% NOW (interest) 305,431 5.1 320,588 5.4 320,362 5.3 Savings (passbook/stmt) 212,603 3.6 205,839 3.5 198,876 3.3 Money Market 779,260 13.0 764,610 12.8 739,554 12.3 CD's 4,585,031 76.7 4,563,525 76.6 4,649,261 77.6 ---------- ---- ---------- ---- ---------- ---- Total $5,979,105 100% $5,954,956 100% $5,996,785 100% ========== ==== ========== ==== ========== ==== Deposits greater than $100,000 - EOP $1,730,002 $1,548,867 $1,579,462 Brokered Deposits $ - $ - $ - -2-