Attached files
| file | filename |
|---|---|
| 8-K - 8-K - WASHINGTON FEDERAL INC | june302016wafdearningsrele.htm |
| EX-99.1 - EXHIBIT 99.1 - WASHINGTON FEDERAL INC | exhibit991_june2016earning.htm |
Washington Federal, Inc.
Fact Sheet
June 30, 2016
($ in Thousands)
As of 12/15 | As of 3/16 | As of 6/16 | |||||||||||||||||||||
Loan Loss Reserve - Total | $ | 110,986 | $ | 113,004 | $ | 114,251 | |||||||||||||||||
General and Specific Allowance | 107,901 | 109,919 | 111,016 | ||||||||||||||||||||
Commitments Reserve | 3,085 | 3,085 | 3,235 | ||||||||||||||||||||
Allowance as a % of Gross Loans | 1.10 | % | 1.10 | % | 1.08 | % | |||||||||||||||||
12/15 QTR | 12/15 YTD | 3/16 QTR | 3/16 YTD | 6/16 QTR | 6/16 YTD | ||||||||||||||||||
Loan Originations - Total | $ | 963,319 | $ | 963,319 | $ | 763,323 | $ | 1,726,642 | $ | 1,031,461 | $ | 2,758,103 | |||||||||||
Single-Family Residential | 132,472 | 132,472 | 129,778 | 262,250 | 194,141 | 456,391 | |||||||||||||||||
Construction | 129,536 | 129,536 | 198,286 | 327,822 | 342,230 | 670,052 | |||||||||||||||||
Construction - Custom | 88,761 | 88,761 | 91,358 | 180,119 | 97,602 | 277,721 | |||||||||||||||||
Land - Acquisition & Development | 5,722 | 5,722 | 13,528 | 19,250 | 14,305 | 33,555 | |||||||||||||||||
Land - Consumer Lot Loans | 5,268 | 5,268 | 6,171 | 11,439 | 7,817 | 19,256 | |||||||||||||||||
Multi-Family | 132,999 | 132,999 | 91,757 | 224,756 | 73,225 | 297,981 | |||||||||||||||||
Commercial Real Estate | 180,788 | 180,788 | 21,001 | 201,789 | 62,706 | 264,495 | |||||||||||||||||
Commercial & Industrial | 270,372 | 270,372 | 194,410 | 464,782 | 216,687 | 681,469 | |||||||||||||||||
HELOC | 16,702 | 16,702 | 16,221 | 32,923 | 21,733 | 54,656 | |||||||||||||||||
Consumer | 699 | 699 | 813 | 1,512 | 1,015 | 2,527 | |||||||||||||||||
Purchased Loans (including acquisitions) | $ | 51,646 | $ | 51,646 | $ | — | $ | 51,646 | $ | — | $ | 51,646 | |||||||||||
Net Loan Fee and Discount Accretion | $ | 8,397 | $ | 8,397 | $ | 8,080 | $ | 16,477 | $ | 6,691 | $ | 23,168 | |||||||||||
Repayments | |||||||||||||||||||||||
Loans | $ | 726,292 | $ | 726,292 | $ | 581,210 | $ | 1,307,502 | $ | 776,087 | $ | 2,083,589 | |||||||||||
MBS | 102,761 | 102,761 | 89,416 | 192,177 | 128,467 | 320,644 | |||||||||||||||||
MBS Premium Amortization | $ | 2,802 | $ | 2,802 | $ | 2,642 | $ | 5,444 | $ | 3,514 | $ | 8,958 | |||||||||||
Efficiency | |||||||||||||||||||||||
Operating Expenses/Average Assets | 1.77 | % | 1.77 | % | 1.62 | % | 1.70 | % | 1.52 | % | 1.64 | % | |||||||||||
Efficiency Ratio (%) | 54.90 | % | 54.90 | % | 50.60 | % | 52.75 | % | 49.08 | % | 51.55 | % | |||||||||||
Amortization of Intangibles | $ | 639 | $ | 639 | $ | 606 | $ | 1,245 | $ | 576 | $ | 1,821 | |||||||||||
EOP Numbers | |||||||||||||||||||||||
Shares Issued and Outstanding | 92,918,434 | 91,270,241 | 90,226,193 | ||||||||||||||||||||
Share repurchase information | |||||||||||||||||||||||
Remaining shares authorized for repurchase | 3,778,148 | 2,138,706 | 1,041,309 | ||||||||||||||||||||
Shares repurchased | 423,082 | 423,082 | 1,639,442 | 2,062,524 | 1,097,397 | 3,159,921 | |||||||||||||||||
Average share repurchase price | $ | 23.49 | $ | 23.49 | $ | 21.05 | $ | 21.55 | $ | 23.33 | $ | 22.17 | |||||||||||
1
Washington Federal, Inc.
Fact Sheet
June 30, 2016
($ in Thousands)
Tangible Common Book Value | As of 12/15 | As of 3/16 | As of 6/16 | |||||||||||||||
$ Amount | $ | 1,671,521 | $ | 1,664,347 | $ | 1,664,648 | ||||||||||||
Per Share | 17.99 | 18.24 | 18.45 | |||||||||||||||
# of Employees | 1,825 | 1,837 | 1,817 | |||||||||||||||
Estimated Future Tax Rate | 35.50 | % | 34.00 | % | 34.00 | % | ||||||||||||
Investments | ||||||||||||||||||
Available-for-sale: | ||||||||||||||||||
Agency MBS | $ | 1,244,778 | $ | 1,197,346 | $ | 1,131,044 | ||||||||||||
Other | 1,060,010 | 899,740 | 838,825 | |||||||||||||||
$ | 2,304,788 | $ | 2,097,086 | $ | 1,969,869 | |||||||||||||
Held-to-maturity: | ||||||||||||||||||
Agency MBS | $ | 1,598,370 | $ | 1,558,087 | $ | 1,492,480 | ||||||||||||
$ | 1,598,370 | $ | 1,558,087 | $ | 1,492,480 | |||||||||||||
As of 12/31/15 | As of 3/31/16 | As of 6/30/16 | ||||||||||||||||
Loans Receivable by Category (a) | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||
Single-Family Residential | $ | 5,684,063 | 56.2% | $ | 5,661,999 | 54.9% | $ | 5,633,527 | 53.3% | |||||||||
Construction | 663,503 | 6.6 | 788,412 | 7.6 | 1,016,305 | 9.6 | ||||||||||||
Construction - Custom | 404,849 | 4.0 | 398,797 | 3.9 | 409,116 | 3.9 | ||||||||||||
Land - Acquisition & Development | 100,017 | 1.0 | 104,272 | 1.0 | 104,412 | 1.0 | ||||||||||||
Land - Consumer Lot Loans | 105,119 | 1.0 | 103,582 | 1.0 | 104,461 | 1.0 | ||||||||||||
Multi-Family | 969,624 | 9.6 | 1,079,909 | 10.5 | 1,100,514 | 10.4 | ||||||||||||
Commercial Real Estate | 1,046,442 | 10.4 | 1,003,413 | 9.7 | 1,042,730 | 9.9 | ||||||||||||
Commercial & Industrial | 804,757 | 8.0 | 851,367 | 8.3 | 853,776 | 8.1 | ||||||||||||
HELOC | 148,369 | 1.5 | 148,045 | 1.4 | 151,352 | 1.4 | ||||||||||||
Consumer | 183,441 | 1.8 | 166,877 | 1.6 | 156,008 | 1.5 | ||||||||||||
10,110,184 | 100% | 10,306,673 | 100% | 10,572,201 | 100% | |||||||||||||
Less: | ||||||||||||||||||
ALL | 107,901 | 109,919 | 111,016 | |||||||||||||||
Loans in Process | 535,850 | 591,667 | 780,720 | |||||||||||||||
Discount on Acquired Loans | 25,039 | 21,120 | 14,776 | |||||||||||||||
Deferred Origination Fees, Net | 38,664 | 38,645 | 37,113 | |||||||||||||||
Sub-Total | 707,454 | 761,351 | 943,625 | |||||||||||||||
$ | 9,402,730 | $ | 9,545,322 | $ | 9,628,576 | |||||||||||||
Net Loan Portfolio by Category (a) | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||
Single-Family Residential | $ | 5,605,894 | 59.6% | $ | 5,595,908 | 58.6% | $ | 5,571,349 | 57.9% | |||||||||
Construction | 315,120 | 3.4 | 377,640 | 4.0 | 422,785 | 4.4 | ||||||||||||
Construction - Custom | 218,220 | 2.3 | 209,551 | 2.2 | 211,002 | 2.2 | ||||||||||||
Land - Acquisition & Development | 79,512 | 0.8 | 85,711 | 0.9 | 85,392 | 0.9 | ||||||||||||
Land - Consumer Lot Loans | 101,390 | 1.1 | 100,469 | 1.1 | 101,395 | 1.1 | ||||||||||||
Multi-Family | 959,631 | 10.2 | 1,069,004 | 11.2 | 1,089,658 | 11.3 | ||||||||||||
Commercial Real Estate | 1,022,926 | 10.9 | 978,328 | 10.2 | 1,021,596 | 10.6 | ||||||||||||
Commercial & Industrial | 773,423 | 8.2 | 819,273 | 8.6 | 822,829 | 8.5 | ||||||||||||
HELOC | 146,093 | 1.6 | 145,593 | 1.5 | 149,213 | 1.5 | ||||||||||||
Consumer | 180,521 | 1.9 | 163,845 | 1.7 | 153,357 | 1.6 | ||||||||||||
$ | 9,402,730 | 100% | $ | 9,545,322 | 100% | $ | 9,628,576 | 100% | ||||||||||
(a) Some loans have been reclassified by loan type as a result of system conversion in 1Q16, primarily impacting Construction, Multi-family and Commercial Real Estate. | ||||||||||||||||||
2
Washington Federal, Inc.
Fact Sheet
June 30, 2016
($ in Thousands)
As of 12/31/15 | As of 3/31/16 | As of 6/30/16 | |||||||||||||||||||||||||||
Deposits by State | AMOUNT | % | # | AMOUNT | % | # | AMOUNT | % | # | ||||||||||||||||||||
Washington (WA) | $ | 5,086,585 | 47.8 | % | 83 | $ | 5,031,630 | 47.7 | % | 82 | $ | 5,089,214 | 48.1 | % | 82 | ||||||||||||||
Idaho (ID) | 787,094 | 7.4 | 26 | 783,049 | 7.4 | 26 | 774,432 | 7.3 | 26 | ||||||||||||||||||||
Oregon (OR) | 1,985,406 | 18.6 | 49 | 1,955,608 | 18.5 | 49 | 1,956,226 | 18.5 | 49 | ||||||||||||||||||||
Utah (UT) | 296,390 | 2.8 | 10 | 289,878 | 2.7 | 10 | 286,792 | 2.7 | 10 | ||||||||||||||||||||
Nevada (NV) | 346,142 | 3.2 | 11 | 342,121 | 3.2 | 11 | 343,220 | 3.2 | 11 | ||||||||||||||||||||
Texas (TX) | 92,905 | 0.9 | 5 | 90,869 | 0.9 | 5 | 92,983 | 0.9 | 5 | ||||||||||||||||||||
Arizona (AZ) | 1,191,911 | 11.2 | 35 | 1,186,739 | 11.3 | 32 | 1,187,651 | 11.2 | 32 | ||||||||||||||||||||
New Mexico (NM) | 864,686 | 8.1 | 28 | 863,490 | 8.2 | 28 | 848,398 | 8.0 | 28 | ||||||||||||||||||||
Total | $ | 10,651,119 | 100% | 247 | $ | 10,543,384 | 100% | 243 | $ | 10,578,916 | 100% | 243 | |||||||||||||||||
Deposits by Type | AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||||||||||||||
Checking (noninterest) | $ | 1,016,514 | 9.5 | % | $ | 1,019,401 | 9.7 | % | $ | 1,041,258 | 9.8 | % | |||||||||||||||||
NOW (interest) | 1,636,584 | 15.4 | 1,606,071 | 15.2 | 1,604,741 | 15.2 | |||||||||||||||||||||||
Savings (passbook/stmt) | 782,646 | 7.3 | 779,814 | 7.4 | 787,441 | 7.4 | |||||||||||||||||||||||
Money Market | 2,488,340 | 23.4 | 2,470,958 | 23.4 | 2,486,802 | 23.5 | |||||||||||||||||||||||
Time Deposits | 4,727,035 | 44.4 | 4,667,140 | 44.3 | 4,658,674 | 44.0 | |||||||||||||||||||||||
Total | $ | 10,651,119 | 100% | $ | 10,543,384 | 100% | $ | 10,578,916 | 100% | ||||||||||||||||||||
Deposits greater than $250,000 - EOP | $ | 2,134,098 | $ | 2,112,381 | $ | 2,209,547 | |||||||||||||||||||||||
Time Deposit Repricing | Amount | Rate | Amount | Rate | Amount | Rate | |||||||||||||||||||||||
Within 3 months | $ | 1,016,756 | 0.52 | % | $ | 780,751 | 0.55 | % | $ | 890,691 | 0.64 | % | |||||||||||||||||
From 4 to 6 months | 752,476 | 0.57 | % | 860,689 | 0.67 | % | 787,925 | 0.86 | % | ||||||||||||||||||||
From 7 to 9 months | 503,443 | 0.85 | % | 505,045 | 1.12 | % | 562,314 | 1.02 | % | ||||||||||||||||||||
From 10 to 12 months | 487,019 | 1.15 | % | 544,445 | 1.04 | % | 585,038 | 0.9 | % | ||||||||||||||||||||
Non-Performing Assets | AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||||||||||||||
Non-accrual loans: | |||||||||||||||||||||||||||||
Single-Family Residential | $ | 43,856 | 77.3% | $ | 42,395 | 77.7% | $ | 36,707 | 77.5% | ||||||||||||||||||||
Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Construction - Custom | 2,518 | 4.4 | 67 | 0.1 | 506 | 1.1 | |||||||||||||||||||||||
Land - Acquisition & Development | 509 | 0.9 | 477 | 0.9 | 427 | 0.9 | |||||||||||||||||||||||
Land - Consumer Lot Loans | 939 | 1.7 | 940 | 1.7 | 1,105 | 2.3 | |||||||||||||||||||||||
Multi-Family | 1,538 | 2.7 | 1,520 | 2.8 | 1,238 | 2.6 | |||||||||||||||||||||||
Commercial Real Estate | 6,681 | 11.8 | 7,701 | 14.1 | 6,297 | 13.3 | |||||||||||||||||||||||
Commercial & Industrial | 115 | 0.2 | 596 | 1.1 | 521 | 1.1 | |||||||||||||||||||||||
HELOC | 473 | 0.8 | 554 | 1.0 | 548 | 1.2 | |||||||||||||||||||||||
Consumer | 119 | 0.2 | 309 | 0.6 | — | — | |||||||||||||||||||||||
Total non-accrual loans | 56,748 | 100% | 54,559 | 100% | 47,349 | 100% | |||||||||||||||||||||||
Real Estate Owned | 42,098 | 38,770 | 31,682 | ||||||||||||||||||||||||||
Total non-performing assets | $ | 98,846 | $ | 93,329 | $ | 79,031 | |||||||||||||||||||||||
Non-performing loans as % of total net loans | 0.60 | % | 0.57 | % | 0.49 | % | |||||||||||||||||||||||
Non-performing assets as % of total assets | 0.67 | % | 0.64 | % | 0.53 | % | |||||||||||||||||||||||
3
Washington Federal, Inc.
Fact Sheet
June 30, 2016
($ in Thousands)
As of 12/31/15 | As of 3/31/16 | As of 6/30/16 | ||||||||||||||||||
AMOUNT | % | AMOUNT | % | AMOUNT | % | |||||||||||||||
Restructured loans: | ||||||||||||||||||||
Single-Family Residential | $ | 243,292 | 86.1% | $ | 233,544 | 86.4% | $ | 223,531 | 86.6% | |||||||||||
Construction | — | — | — | — | — | — | ||||||||||||||
Construction - Custom | — | — | — | — | — | — | ||||||||||||||
Land - Acquisition & Development | 1,976 | 0.7 | 1,632 | 0.6 | 1,454 | 0.6 | ||||||||||||||
Land - Consumer Lot Loans | 10,173 | 3.6 | 9,981 | 3.7 | 9,672 | 3.7 | ||||||||||||||
Multi-Family | 1,531 | 0.5 | 1,522 | 0.6 | 1,514 | 0.6 | ||||||||||||||
Commercial Real Estate | 24,257 | 8.6 | 22,139 | 8.2 | 20,490 | 7.9 | ||||||||||||||
Commercial & Industrial | — | — | — | — | — | — | ||||||||||||||
HELOC | 1,397 | 0.5 | 1,396 | 0.5 | 1,379 | 0.5 | ||||||||||||||
Consumer | 97 | — | 94 | — | 95 | — | ||||||||||||||
Total restructured loans | $ | 282,723 | 100% | $ | 270,308 | 100% | $ | 258,135 | 100% | |||||||||||
Restructured loans were as follows: | ||||||||||||||||||||
Performing | $ | 273,211 | 96.6% | $ | 257,600 | 95.3% | $ | 247,695 | 96.0% | |||||||||||
Non-performing (c) | 9,512 | 3.4 | 12,708 | 4.7 | 10,440 | 4.0 | ||||||||||||||
Total restructured loans | $ | 282,723 | 100% | $ | 270,308 | 100% | $ | 258,135 | 100% | |||||||||||
(c) Included in "Total non-accrual loans" above | ||||||||||||||||||||
AMOUNT | CO % (d) | AMOUNT | CO % (d) | AMOUNT | CO % (d) | |||||||||||||||
Net Charge-offs (Recoveries) by Category | ||||||||||||||||||||
Single-Family Residential | $ | (1,327 | ) | (0.09)% | $ | 915 | 0.06% | $ | 473 | 0.03% | ||||||||||
Construction | (155 | ) | (0.09) | 5 | — | (207 | ) | (0.08) | ||||||||||||
Construction - Custom | 60 | 0.06 | — | — | (60 | ) | (0.06) | |||||||||||||
Land - Acquisition & Development | (35 | ) | (0.14) | (3,371 | ) | (12.93) | (2,711 | ) | (10.39) | |||||||||||
Land - Consumer Lot Loans | 408 | 1.55 | 268 | 1.03 | 21 | 0.08 | ||||||||||||||
Multi-Family | — | — | — | — | — | — | ||||||||||||||
Commercial Real Estate | (100 | ) | (0.04) | (983 | ) | (0.39) | (454 | ) | (0.17) | |||||||||||
Commercial & Industrial | 246 | 0.12 | (259 | ) | (0.12) | 144 | 0.07 | |||||||||||||
HELOC | (19 | ) | (0.05) | 26 | 0.07 | 27 | 0.07 | |||||||||||||
Consumer | (150 | ) | (0.33) | (119 | ) | (0.29) | (130 | ) | (0.33) | |||||||||||
Total net charge-offs (recoveries) | $ | (1,072 | ) | (0.04)% | $ | (3,518 | ) | (0.14)% | $ | (2,897 | ) | (0.11)% | ||||||||
(d) Annualized Net Charge-offs (recoveries) divided by Gross Balance | ||||||||||||||||||||
ASC 310-30 Acquired Loans | ||||||||||||||||||||
Accretable Yield | $ | 70,553 | $ | 64,457 | $ | 60,453 | ||||||||||||||
Non-Accretable Yield | 167,603 | 167,603 | 165,926 | |||||||||||||||||
Total Contractual Payments | $ | 238,156 | $ | 232,060 | $ | 226,379 | ||||||||||||||
Interest Rate Risk | ||||||||||||||||||||
One Year GAP | (12.0 | )% | (12.7 | )% | (9.8 | )% | ||||||||||||||
NPV post 200 bps shock (e) | 16.14 | % | 15.55 | % | 15.43 | % | ||||||||||||||
Change in NII after 200 bps shock (e) | (0.5 | )% | 1.42 | % | 3.88 | % | ||||||||||||||
(e) Assumes no balance sheet management actions taken | ||||||||||||||||||||
4
Washington Federal, Inc.
Fact Sheet
June 30, 2016
($ 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 | % | |||||||||
12/31/2015 | 16.7 | % | 13.4 | % | |||||||||
3/31/2016 | 13.9 | % | 12.0 | % | |||||||||
6/30/2016 | 17.3 | % | 17.5 | % | |||||||||
(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. | |||||||||||||
5
Washington Federal, Inc.
Fact Sheet
June 30, 2016
Average Balance Sheet
($ in Thousands)
Quarters Ended | ||||||||||||||||||||||||||||||||
December 31, 2015 | March 31, 2016 | June 30, 2016 | ||||||||||||||||||||||||||||||
Average | Average | Average | Average | Average | Average | |||||||||||||||||||||||||||
Balance | Interest | Rate | Balance | Interest | Rate | Balance | Interest | Rate | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Loans receivable | $ | 9,258,041 | $ | 112,863 | 4.84 | % | $ | 9,469,185 | $ | 113,211 | 4.80 | % | $ | 9,561,921 | $ | 113,728 | 4.77 | % | ||||||||||||||
Mortgage-backed securities | 2,880,242 | 16,986 | 2.34 | 2,804,569 | 16,846 | 2.41 | 2,698,354 | 15,297 | 2.27 | |||||||||||||||||||||||
Cash & investments | 1,198,471 | 4,258 | 1.41 | 1,065,800 | 3,983 | 1.50 | 1,187,023 | 4,012 | 1.36 | |||||||||||||||||||||||
FHLB & FRB Stock | 107,793 | 1,016 | 3.74 | 112,662 | 1,023 | 3.64 | 117,022 | 698 | 2.39 | |||||||||||||||||||||||
Total interest-earning assets | 13,444,547 | 135,123 | 3.99 | % | 13,452,216 | 135,063 | 4.03 | % | 13,564,320 | 133,735 | 3.95 | % | ||||||||||||||||||||
Other assets | 1,109,202 | 1,189,428 | 1,219,363 | |||||||||||||||||||||||||||||
Total assets | $ | 14,553,749 | $ | 14,641,644 | $ | 14,783,683 | ||||||||||||||||||||||||||
Liabilities and Equity | ||||||||||||||||||||||||||||||||
Customer accounts | 10,619,654 | 12,717 | 0.48 | % | 10,558,835 | 13,071 | 0.50 | % | 10,569,479 | 13,274 | 0.50 | % | ||||||||||||||||||||
FHLB advances | 1,844,772 | 15,537 | 3.34 | 1,970,022 | 15,667 | 3.19 | 2,075,604 | 16,221 | 3.13 | |||||||||||||||||||||||
Total interest-bearing liabilities | 12,464,426 | 28,254 | 0.90 | % | 12,528,857 | 28,738 | 0.92 | % | 12,645,083 | 29,495 | 0.94 | % | ||||||||||||||||||||
Other liabilities | 124,370 | 151,697 | 163,788 | |||||||||||||||||||||||||||||
Total liabilities | 12,588,796 | 12,680,554 | 12,808,871 | |||||||||||||||||||||||||||||
Stockholders’ equity | 1,964,953 | 1,961,090 | 1,974,812 | |||||||||||||||||||||||||||||
Total liabilities and equity | $ | 14,553,749 | $ | 14,641,644 | $ | 14,783,683 | ||||||||||||||||||||||||||
Net interest income | $ | 106,869 | $ | 106,325 | $ | 104,240 | ||||||||||||||||||||||||||
Net interest margin (1) | 3.18 | % | 3.16 | % | 3.07 | % | ||||||||||||||||||||||||||
(1) Annualized net interest income divided by average interest-earning assets | ||||||||||||||||||||||||||||||||
6
Washington Federal, Inc.
Fact Sheet
June 30, 2016
Delinquency Summary
($ 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 $ | ||||||||||||||||||||||
June 30, 2016 | ||||||||||||||||||||||||||||||||
Single-Family Residential | 26,758 | 211 | $ | 5,632,692 | 84 | 37 | 189 | 310 | 1.16 | % | $ | 55,242 | 0.98 | % | ||||||||||||||||||
Construction | 684 | 649 | 444,014 | — | — | 1 | 1 | 0.15 | — | — | ||||||||||||||||||||||
Construction - Custom | 921 | 232 | 213,465 | 2 | 1 | 1 | 4 | 0.43 | 775 | 0.36 | ||||||||||||||||||||||
Land - Acquisition & Development | 135 | 686 | 92,629 | — | — | 5 | 5 | 3.70 | 468 | 0.51 | ||||||||||||||||||||||
Land - Consumer Lot Loans | 1,232 | 85 | 104,413 | 6 | 2 | 19 | 27 | 2.19 | 1,993 | 1.91 | ||||||||||||||||||||||
Multi-Family | 958 | 1,149 | 1,100,514 | 2 | — | 3 | 5 | 0.52 | 1,384 | 0.13 | ||||||||||||||||||||||
Commercial Real Estate | 1,055 | 988 | 1,042,639 | 4 | 3 | 14 | 21 | 1.99 | 7,811 | 0.75 | ||||||||||||||||||||||
Commercial & Industrial | 1,832 | 466 | 853,769 | 3 | 4 | 34 | 41 | 2.24 | 985 | 0.12 | ||||||||||||||||||||||
HELOC | 2,907 | 52 | 151,339 | 11 | 11 | 26 | 48 | 1.65 | 2,168 | 1.43 | ||||||||||||||||||||||
Consumer | 5,369 | 29 | 156,008 | 76 | 41 | 64 | 181 | 3.37 | 811 | 0.52 | ||||||||||||||||||||||
41,851 | 234 | $ | 9,791,482 | 188 | 99 | 356 | 643 | 1.54 | % | $ | 71,637 | 0.73 | % | |||||||||||||||||||
March 31, 2016 | ||||||||||||||||||||||||||||||||
Single-Family Residential | 27,194 | 208 | $ | 5,660,232 | 104 | 45 | 196 | 345 | 1.27 | % | $ | 66,003 | 1.17 | % | ||||||||||||||||||
Construction | 689 | 575 | 396,322 | — | — | 8 | 8 | 1.16 | 141 | 0.04 | ||||||||||||||||||||||
Construction - Custom | 927 | 229 | 212,067 | 8 | 5 | 3 | 16 | 1.73 | 2,914 | 1.37 | ||||||||||||||||||||||
Land - Acquisition & Development | 142 | 657 | 93,354 | 2 | — | 6 | 8 | 5.63 | 1,926 | 2.06 | ||||||||||||||||||||||
Land - Consumer Lot Loans | 1,242 | 83 | 103,534 | 8 | 4 | 16 | 28 | 2.25 | 2,233 | 2.16 | ||||||||||||||||||||||
Multi-Family | 969 | 1,114 | 1,079,909 | 2 | — | 2 | 4 | 0.41 | 2,014 | 0.19 | ||||||||||||||||||||||
Commercial Real Estate | 1,060 | 947 | 1,003,320 | 5 | 1 | 8 | 14 | 1.32 | 7,902 | 0.79 | ||||||||||||||||||||||
Commercial & Industrial | 1,831 | 465 | 851,358 | 14 | 3 | 27 | 44 | 2.40 | 1,631 | 0.19 | ||||||||||||||||||||||
HELOC | 2,303 | 64 | 148,032 | 8 | 5 | 10 | 23 | 1.00 | 1,178 | 0.80 | ||||||||||||||||||||||
Consumer | 4,362 | 38 | 166,877 | 138 | 59 | 96 | 293 | 6.72 | 1,376 | 0.82 | ||||||||||||||||||||||
40,719 | 239 | $ | 9,715,005 | 289 | 122 | 372 | 783 | 1.92 | % | $ | 87,318 | 0.90 | % | |||||||||||||||||||
December 31, 2015 | ||||||||||||||||||||||||||||||||
Single-Family Residential | 27,377 | 208 | $ | 5,683,134 | 111 | 51 | 189 | 351 | 1.28 | % | $ | 67,273 | 1.18 | % | ||||||||||||||||||
Construction | 585 | 556 | 325,485 | 1 | 2 | 8 | 11 | 1.88 | 866 | 0.27 | ||||||||||||||||||||||
Construction - Custom | 944 | 234 | 221,327 | 19 | 1 | 5 | 25 | 2.65 | 2,554 | 1.15 | ||||||||||||||||||||||
Land - Acquisition & Development | 146 | 595 | 86,864 | 5 | — | 7 | 12 | 8.22 | 1,162 | 1.34 | ||||||||||||||||||||||
Land - Consumer Lot Loans | 1,250 | 84 | 105,063 | 10 | 7 | 16 | 33 | 2.64 | 2,745 | 2.61 | ||||||||||||||||||||||
Multi-Family | 945 | 1,026 | 969,624 | 3 | — | 3 | 6 | 0.63 | 2,240 | 0.23 | ||||||||||||||||||||||
Commercial Real Estate | 1,103 | 949 | 1,046,323 | 4 | 3 | 12 | 19 | 1.72 | 10,220 | 0.98 | ||||||||||||||||||||||
Commercial & Industrial | 1,814 | 444 | 804,726 | 22 | 1 | 24 | 47 | 2.59 | 2,084 | 0.26 | ||||||||||||||||||||||
HELOC | 2,332 | 64 | 148,356 | 9 | 2 | 8 | 19 | 0.81 | 1,844 | 1.24 | ||||||||||||||||||||||
Consumer | 4,757 | 39 | 183,431 | 137 | 57 | 29 | 223 | 4.69 | 1,459 | 0.80 | ||||||||||||||||||||||
41,253 | 232 | $ | 9,574,333 | 321 | 124 | 301 | 746 | 1.81 | % | $ | 92,449 | 0.97 | % | |||||||||||||||||||
7