Attached files
file | filename |
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EX-99.1 - EXHIBIT 99.1 - WASHINGTON FEDERAL INC | exhibit991_dec2016earnings.htm |
8-K - 8-K - WASHINGTON FEDERAL INC | dec312016wafdearningsrelea.htm |
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)
As of 6/16 | As of 9/16 | As of 12/16 | ||||||||||||||||||||||
Loan Loss Reserve - Total | $ | 114,251 | $ | 116,729 | $ | 123,356 | ||||||||||||||||||
General and Specific Allowance | 111,016 | 113,494 | 118,456 | |||||||||||||||||||||
Commitments Reserve | 3,235 | 3,235 | 4,900 | |||||||||||||||||||||
Allowance as a % of Gross Loans | 1.08 | % | 1.07 | % | 1.09 | % | ||||||||||||||||||
6/16 QTR | 6/16 YTD | 9/16 QTR | 9/16 YTD | 12/16 QTR | 12/16 YTD | |||||||||||||||||||
Loan Originations - Total | $ | 1,031,461 | $ | 2,758,103 | $ | 1,190,431 | $ | 3,948,534 | $ | 1,241,046 | $ | 1,241,046 | ||||||||||||
Single-Family Residential | 194,141 | 456,391 | 236,184 | 692,575 | 215,241 | 215,241 | ||||||||||||||||||
Construction | 342,230 | 670,052 | 230,597 | 900,649 | 338,599 | 338,599 | ||||||||||||||||||
Construction - Custom | 97,602 | 277,721 | 144,095 | 421,816 | 122,955 | 122,955 | ||||||||||||||||||
Land - Acquisition & Development | 14,305 | 33,555 | 25,956 | 59,511 | 16,229 | 16,229 | ||||||||||||||||||
Land - Consumer Lot Loans | 7,817 | 19,256 | 10,405 | 29,661 | 9,065 | 9,065 | ||||||||||||||||||
Multi-Family | 73,225 | 297,981 | 63,280 | 361,261 | 111,959 | 111,959 | ||||||||||||||||||
Commercial Real Estate | 62,706 | 264,495 | 88,770 | 353,265 | 164,098 | 164,098 | ||||||||||||||||||
Commercial & Industrial | 216,687 | 681,469 | 370,481 | 1,051,950 | 243,924 | 243,924 | ||||||||||||||||||
HELOC | 21,733 | 54,656 | 19,882 | 74,538 | 18,391 | 18,391 | ||||||||||||||||||
Consumer | 1,015 | 2,527 | 781 | 3,308 | 585 | 585 | ||||||||||||||||||
Purchased Loans (including acquisitions) | $ | — | $ | 51,646 | $ | 53,774 | $ | 105,420 | $ | — | $ | — | ||||||||||||
Net Loan Fee and Discount Accretion | $ | 6,691 | $ | 23,168 | $ | 6,730 | $ | 29,898 | $ | 6,762 | $ | 6,762 | ||||||||||||
Repayments | ||||||||||||||||||||||||
Loans | $ | 776,087 | $ | 2,083,589 | $ | 851,578 | $ | 2,935,167 | $ | 896,109 | $ | 896,109 | ||||||||||||
MBS | 128,467 | 320,644 | 142,329 | 462,973 | 178,169 | 178,169 | ||||||||||||||||||
MBS Premium Amortization | $ | 3,514 | $ | 8,958 | $ | 3,962 | $ | 12,920 | $ | 5,039 | $ | 5,039 | ||||||||||||
Efficiency | ||||||||||||||||||||||||
Operating Expenses/Average Assets | 1.52 | % | 1.64 | % | 1.49 | % | 1.60 | % | 1.46 | % | 1.46 | % | ||||||||||||
Efficiency Ratio (%) | 49.08 | % | 51.55 | % | 48.54 | % | 50.80 | % | 47.23 | % | 47.23 | % | ||||||||||||
Amortization of Intangibles | $ | 576 | $ | 1,821 | $ | 548 | $ | 2,369 | $ | 521 | $ | 521 | ||||||||||||
EOP Numbers | ||||||||||||||||||||||||
Shares Issued and Outstanding | 90,226,193 | 89,680,847 | 89,272,268 | |||||||||||||||||||||
Share repurchase information | ||||||||||||||||||||||||
Remaining shares authorized for repurchase | 1,041,309 | 5,039,310 | 4,231,553 | |||||||||||||||||||||
Shares repurchased | 1,097,397 | 3,159,921 | 707,642 | 3,867,563 | 757,768 | 757,768 | ||||||||||||||||||
Average share repurchase price | $ | 23.33 | $ | 22.17 | $ | 25.20 | $ | 22.72 | $ | 26.90 | $ | 26.90 |
1
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)
Tangible Common Book Value | As of 6/16 | As of 9/16 | As of 12/16 | |||||||||||||||
$ Amount | $ | 1,664,648 | $ | 1,678,742 | $ | 1,703,133 | ||||||||||||
Per Share | 18.45 | 18.72 | 19.08 | |||||||||||||||
# of Employees | 1,817 | 1,806 | 1,813 | |||||||||||||||
Investments | ||||||||||||||||||
Available-for-sale: | ||||||||||||||||||
Agency MBS | $ | 1,131,044 | $ | 1,072,912 | $ | 959,661 | ||||||||||||
Other | 838,825 | 849,982 | 482,274 | |||||||||||||||
$ | 1,969,869 | $ | 1,922,894 | $ | 1,441,935 | |||||||||||||
Held-to-maturity: | ||||||||||||||||||
Agency MBS | $ | 1,492,480 | $ | 1,417,599 | $ | 1,752,010 | ||||||||||||
$ | 1,492,480 | $ | 1,417,599 | $ | 1,752,010 | |||||||||||||
As of 6/16 | As of 9/16 | As of 12/16 | ||||||||||||||||
Loans Receivable by Category (a) | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||
Single-Family Residential | $ | 5,633,527 | 53.3% | $ | 5,658,830 | 51.7% | $ | 5,624,263 | 49.6% | |||||||||
Construction | 1,016,305 | 9.6 | 1,110,411 | 10.1 | 1,265,747 | 11.2 | ||||||||||||
Construction - Custom | 409,116 | 3.9 | 473,069 | 4.3 | 494,447 | 4.4 | ||||||||||||
Land - Acquisition & Development | 104,412 | 1.0 | 118,497 | 1.1 | 119,085 | 1.1 | ||||||||||||
Land - Consumer Lot Loans | 104,461 | 1.0 | 104,567 | 1.0 | 101,104 | 0.9 | ||||||||||||
Multi-Family | 1,100,514 | 10.4 | 1,124,290 | 10.3 | 1,217,594 | 10.7 | ||||||||||||
Commercial Real Estate | 1,042,730 | 9.9 | 1,093,639 | 10.0 | 1,207,573 | 10.7 | ||||||||||||
Commercial & Industrial | 853,776 | 8.1 | 978,589 | 8.9 | 1,025,821 | 9.1 | ||||||||||||
HELOC | 151,352 | 1.4 | 149,716 | 1.4 | 148,452 | 1.3 | ||||||||||||
Consumer | 156,008 | 1.5 | 139,000 | 1.3 | 124,547 | 1.1 | ||||||||||||
10,572,201 | 100% | 10,950,608 | 100% | 11,328,633 | 100% | |||||||||||||
Less: | ||||||||||||||||||
ALL | 111,016 | 113,494 | 118,456 | |||||||||||||||
Loans in Process | 780,720 | 879,484 | 1,027,168 | |||||||||||||||
Net Deferred Fees, Costs and Discounts | 51,889 | 46,710 | 46,698 | |||||||||||||||
Sub-Total | 943,625 | 1,039,688 | 1,192,322 | |||||||||||||||
$ | 9,628,576 | $ | 9,910,920 | $ | 10,136,311 | |||||||||||||
Net Loan Portfolio by Category (a) | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||
Single-Family Residential | $ | 5,571,349 | 57.9% | $ | 5,601,350 | 56.5% | $ | 5,565,673 | 54.9% | |||||||||
Construction | 422,785 | 4.4 | 475,022 | 4.8 | 486,784 | 4.8 | ||||||||||||
Construction - Custom | 211,002 | 2.2 | 227,348 | 2.3 | 233,867 | 2.3 | ||||||||||||
Land - Acquisition & Development | 85,392 | 0.9 | 88,408 | 0.9 | 95,997 | 0.9 | ||||||||||||
Land - Consumer Lot Loans | 101,395 | 1.1 | 101,435 | 1.0 | 98,118 | 1.0 | ||||||||||||
Multi-Family | 1,089,658 | 11.3 | 1,113,661 | 11.2 | 1,205,737 | 11.9 | ||||||||||||
Commercial Real Estate | 1,021,596 | 10.6 | 1,074,146 | 10.8 | 1,188,637 | 11.7 | ||||||||||||
Commercial & Industrial | 822,829 | 8.5 | 945,150 | 9.5 | 992,261 | 9.8 | ||||||||||||
HELOC | 149,213 | 1.5 | 147,737 | 1.5 | 146,790 | 1.4 | ||||||||||||
Consumer | 153,357 | 1.6 | 136,663 | 1.4 | 122,447 | 1.2 | ||||||||||||
$ | 9,628,576 | 100% | $ | 9,910,920 | 100% | $ | 10,136,311 | 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
December 31, 2016
($ in Thousands)
As of 6/30/16 | As of 9/30/16 | As of 12/31/16 | ||||||||||||||||||||||||||||
Deposits by State | AMOUNT | % | # | AMOUNT | % | # | AMOUNT | % | # | |||||||||||||||||||||
Washington (WA) | $ | 5,089,214 | 48.1 | % | 82 | $ | 5,100,754 | 48.1 | % | 81 | $ | 5,196,140 | 48.8 | % | 81 | |||||||||||||||
Idaho (ID) | 774,432 | 7.3 | 26 | 782,413 | 7.4 | 25 | 768,704 | 7.2 | 24 | |||||||||||||||||||||
Oregon (OR) | 1,956,226 | 18.5 | 49 | 1,964,173 | 18.5 | 48 | 1,952,655 | 18.3 | 48 | |||||||||||||||||||||
Utah (UT) | 286,792 | 2.7 | 10 | 285,234 | 2.7 | 10 | 280,457 | 2.6 | 10 | |||||||||||||||||||||
Nevada (NV) | 343,220 | 3.2 | 11 | 340,324 | 3.2 | 11 | 333,789 | 3.1 | 11 | |||||||||||||||||||||
Texas (TX) | 92,983 | 0.9 | 5 | 94,113 | 0.9 | 5 | 97,276 | 0.9 | 5 | |||||||||||||||||||||
Arizona (AZ) | 1,187,651 | 11.2 | 32 | 1,188,335 | 11.2 | 31 | 1,173,538 | 11.0 | 31 | |||||||||||||||||||||
New Mexico (NM) | 848,398 | 8.0 | 28 | 845,506 | 8.0 | 27 | 845,016 | 7.9 | 27 | |||||||||||||||||||||
Total | $ | 10,578,916 | 100% | 243 | $ | 10,600,852 | 100% | 238 | $ | 10,647,575 | 100% | 237 | ||||||||||||||||||
Deposits by Type | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||||||||||||||
Checking (noninterest) | $ | 1,041,258 | 9.8 | % | $ | 1,091,738 | 10.3 | % | $ | 1,124,169 | 10.6 | % | ||||||||||||||||||
NOW (interest) | 1,604,741 | 15.2 | 1,629,983 | 15.4 | 1,732,836 | 16.3 | ||||||||||||||||||||||||
Savings (passbook/stmt) | 787,441 | 7.4 | 820,980 | 7.7 | 844,849 | 7.9 | ||||||||||||||||||||||||
Money Market | 2,486,802 | 23.5 | 2,462,891 | 23.2 | 2,492,483 | 23.4 | ||||||||||||||||||||||||
Time Deposits | 4,658,674 | 44.0 | 4,595,260 | 43.3 | 4,453,238 | 41.8 | ||||||||||||||||||||||||
Total | $ | 10,578,916 | 100% | $ | 10,600,852 | 100% | $ | 10,647,575 | 100% | |||||||||||||||||||||
Deposits greater than $250,000 - EOP | $ | 2,209,547 | $ | 2,250,622 | $ | 2,410,863 | ||||||||||||||||||||||||
Time Deposit Repricing | Amount | Rate | Amount | Rate | Amount | Rate | ||||||||||||||||||||||||
Within 3 months | $ | 890,691 | 0.64 | % | $ | 824,019 | 0.82 | % | $ | 933,770 | 0.76 | % | ||||||||||||||||||
From 4 to 6 months | 787,925 | 0.86 | % | 896,484 | 0.80 | % | 896,254 | 0.74 | % | |||||||||||||||||||||
From 7 to 9 months | 562,314 | 1.02 | % | 618,180 | 0.89 | % | 532,682 | 0.81 | % | |||||||||||||||||||||
From 10 to 12 months | 585,038 | 0.90 | % | 508,732 | 0.83 | % | 391,159 | 0.80 | % | |||||||||||||||||||||
Non-Performing Assets | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||||||||||||||
Non-accrual loans: | ||||||||||||||||||||||||||||||
Single-Family Residential | $ | 36,707 | 77.5% | $ | 33,148 | 78.2% | $ | 38,568 | 63.5% | |||||||||||||||||||||
Construction | — | — | — | — | — | — | ||||||||||||||||||||||||
Construction - Custom | 506 | 1.1 | — | — | — | — | ||||||||||||||||||||||||
Land - Acquisition & Development | 427 | 0.9 | 58 | 0.1 | 603 | 1.0 | ||||||||||||||||||||||||
Land - Consumer Lot Loans | 1,105 | 2.3 | 510 | 1.2 | 969 | 1.6 | ||||||||||||||||||||||||
Multi-Family | 1,238 | 2.6 | 776 | 1.8 | 1,160 | 1.9 | ||||||||||||||||||||||||
Commercial Real Estate | 6,297 | 13.3 | 7,100 | 16.7 | 9,660 | 15.9 | ||||||||||||||||||||||||
Commercial & Industrial | 521 | 1.1 | 583 | 1.4 | 9,230 | 15.2 | ||||||||||||||||||||||||
HELOC | 548 | 1.2 | 239 | 0.6 | 480 | 0.8 | ||||||||||||||||||||||||
Consumer | — | — | — | — | 45 | 0.1 | ||||||||||||||||||||||||
Total non-accrual loans | 47,349 | 100% | 42,414 | 100% | 60,715 | 100% | ||||||||||||||||||||||||
Real Estate Owned | 31,682 | 29,027 | 22,637 | |||||||||||||||||||||||||||
Total non-performing assets | $ | 79,031 | $ | 71,441 | $ | 83,352 | ||||||||||||||||||||||||
Non-performing loans as % of total net loans | 0.49 | % | 0.43 | % | 0.60 | % | ||||||||||||||||||||||||
Non-performing assets as % of total assets | 0.53 | % | 0.48 | % | 0.56 | % |
3
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)
As of 6/30/16 | As of 9/30/16 | As of 12/31/16 | |||||||||||||||||||
AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||||||
Restructured loans: | |||||||||||||||||||||
Single-Family Residential | $ | 223,531 | 86.6% | $ | 228,186 | 87.3% | $ | 217,943 | 87.2% | ||||||||||||
Construction | — | — | — | — | — | — | |||||||||||||||
Construction - Custom | — | — | — | — | — | — | |||||||||||||||
Land - Acquisition & Development | 1,454 | 0.6 | 1,154 | 0.4 | 1,139 | 0.5 | |||||||||||||||
Land - Consumer Lot Loans | 9,672 | 3.7 | 9,630 | 3.7 | 9,619 | 3.8 | |||||||||||||||
Multi-Family | 1,514 | 0.6 | 1,505 | 0.6 | 1,496 | 0.6 | |||||||||||||||
Commercial Real Estate | 20,490 | 7.9 | 19,434 | 7.4 | 18,179 | 7.3 | |||||||||||||||
Commercial & Industrial | — | — | — | — | — | — | |||||||||||||||
HELOC | 1,379 | 0.5 | 1,506 | 0.6 | 1,461 | 0.6 | |||||||||||||||
Consumer | 95 | — | 116 | — | 113 | — | |||||||||||||||
Total restructured loans | $ | 258,135 | 100% | $ | 261,531 | 100% | $ | 249,950 | 100% | ||||||||||||
Restructured loans were as follows: | |||||||||||||||||||||
Performing | $ | 247,695 | 96.0% | $ | 251,583 | 96.2% | $ | 235,503 | 94.2% | ||||||||||||
Non-performing (c) | 10,440 | 4.0 | 9,948 | 3.8 | 14,447 | 5.8 | |||||||||||||||
Total restructured loans | $ | 258,135 | 100% | $ | 261,531 | 100% | $ | 249,950 | 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 | $ | 473 | 0.03% | $ | (204 | ) | (0.01)% | $ | 3 | —% | |||||||||||
Construction | (207 | ) | (0.08) | (388 | ) | (0.14) | — | — | |||||||||||||
Construction - Custom | (60 | ) | (0.06) | — | — | — | — | ||||||||||||||
Land - Acquisition & Development | (2,711 | ) | (10.39) | (2,063 | ) | (6.96) | (3,985 | ) | (13.39) | ||||||||||||
Land - Consumer Lot Loans | 21 | 0.08 | 29 | 0.11 | (53 | ) | (0.21) | ||||||||||||||
Multi-Family | — | — | — | — | — | — | |||||||||||||||
Commercial Real Estate | (454 | ) | (0.17) | (172 | ) | (0.06) | (339 | ) | (0.11) | ||||||||||||
Commercial & Industrial | 144 | 0.07 | (2,123 | ) | (0.87) | (667 | ) | (0.26) | |||||||||||||
HELOC | 27 | 0.07 | — | — | 36 | 0.10 | |||||||||||||||
Consumer | (130 | ) | (0.33) | (657 | ) | (1.89) | (291 | ) | (0.93) | ||||||||||||
Total net charge-offs (recoveries) | $ | (2,897 | ) | (0.11)% | $ | (5,578 | ) | (0.20)% | $ | (5,296 | ) | (0.19)% | |||||||||
(d) Annualized Net Charge-offs (recoveries) divided by Gross Balance | |||||||||||||||||||||
ASC 310-30 Acquired Loans | |||||||||||||||||||||
Accretable Yield | $ | 60,453 | $ | 55,290 | $ | 50,389 | |||||||||||||||
Non-Accretable Yield | 165,926 | 165,926 | 165,926 | ||||||||||||||||||
Total Contractual Payments | $ | 226,379 | $ | 221,216 | $ | 216,315 | |||||||||||||||
Interest Rate Risk | |||||||||||||||||||||
One Year GAP | (9.8 | )% | (10.1 | )% | (15.3 | )% | |||||||||||||||
NPV post 200 bps shock (e) | 15.4 | % | 14.8 | % | 13.9 | % | |||||||||||||||
Change in NII after 200 bps shock (e) | 3.9 | % | 3.2 | % | 1.7 | % | |||||||||||||||
(e) Assumes no balance sheet management actions taken |
4
Washington Federal, Inc.
Fact Sheet
December 31, 2016
($ in Thousands)
Historical CPR Rates (f) | |||||||||||||
WAFD | WAFD | ||||||||||||
Average for Quarter Ended: | SFR Mortgages | GSE MBS | |||||||||||
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 | % | |||||||||
9/30/2016 | 17.7 | % | 20.0 | % | |||||||||
12/31/2016 | 19.3 | % | 24.8 | % | |||||||||
(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
December 31, 2016
Average Balance Sheet
($ in Thousands)
Three Months Ended | ||||||||||||||||||||||||||||||||
June 30, 2016 | September 30, 2016 | December 31, 2016 | ||||||||||||||||||||||||||||||
Average | Average | Average | Average | Average | Average | |||||||||||||||||||||||||||
Balance | Interest | Rate | Balance | Interest | Rate | Balance | Interest | Rate | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Loans receivable | $ | 9,561,921 | $ | 113,728 | 4.77 | % | $ | 9,756,353 | $ | 114,283 | 4.65 | % | $ | 10,013,798 | $ | 114,835 | 4.55 | % | ||||||||||||||
Mortgage-backed securities | 2,698,354 | 15,297 | 2.27 | 2,568,917 | 13,820 | 2.13 | 2,537,585 | 12,789 | 2.00 | |||||||||||||||||||||||
Cash & investments | 1,187,023 | 4,012 | 1.36 | 1,218,195 | 4,029 | 1.31 | 1,010,299 | 4,246 | 1.67 | |||||||||||||||||||||||
FHLB & FRB Stock | 117,022 | 698 | 2.39 | 117,205 | 740 | 2.50 | 117,210 | 894 | 3.03 | |||||||||||||||||||||||
Total interest-earning assets | 13,564,320 | 133,735 | 3.95 | % | 13,660,670 | 132,872 | 3.86 | % | 13,678,892 | 132,764 | 3.85 | % | ||||||||||||||||||||
Other assets | 1,219,363 | 1,210,388 | 1,197,304 | |||||||||||||||||||||||||||||
Total assets | $ | 14,783,683 | $ | 14,871,058 | $ | 14,876,196 | ||||||||||||||||||||||||||
Liabilities and Equity | ||||||||||||||||||||||||||||||||
Customer accounts | 10,569,479 | 13,274 | 0.50 | % | 10,610,740 | 13,423 | 0.50 | % | 10,610,314 | 13,017 | 0.49 | % | ||||||||||||||||||||
FHLB advances | 2,075,604 | 16,221 | 3.13 | 2,080,000 | 16,633 | 3.17 | 2,080,000 | 16,595 | 3.17 | |||||||||||||||||||||||
Other borrowings | — | — | — | 33 | — | — | — | — | — | |||||||||||||||||||||||
Total interest-bearing liabilities | 12,645,083 | 29,495 | 0.94 | % | 12,690,773 | 30,056 | 0.94 | % | 12,690,314 | 29,612 | 0.93 | % | ||||||||||||||||||||
Other liabilities | 163,788 | 205,817 | 201,233 | |||||||||||||||||||||||||||||
Total liabilities | 12,808,871 | 12,896,590 | 12,891,547 | |||||||||||||||||||||||||||||
Stockholders’ equity | 1,974,812 | 1,974,468 | 1,984,649 | |||||||||||||||||||||||||||||
Total liabilities and equity | $ | 14,783,683 | $ | 14,871,058 | $ | 14,876,196 | ||||||||||||||||||||||||||
Net interest income | $ | 104,240 | $ | 102,816 | $ | 103,152 | ||||||||||||||||||||||||||
Net interest margin (1) | 3.07 | % | 3.01 | % | 3.02 | % | ||||||||||||||||||||||||||
(1) Annualized net interest income divided by average interest-earning assets |
6
Washington Federal, Inc.
Fact Sheet
December 31, 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 $ | ||||||||||||||||||||||
December 31, 2016 | ||||||||||||||||||||||||||||||||
Single-Family Residential | 26,259 | 214 | $ | 5,623,668 | 88 | 53 | 165 | 306 | 1.17 | % | $ | 60,201 | 1.07 | % | ||||||||||||||||||
Construction | 638 | 804 | 513,046 | 3 | — | 1 | 4 | 0.63 | 341 | 0.07 | ||||||||||||||||||||||
Construction - Custom | 1,079 | 219 | 236,668 | 2 | 1 | — | 3 | 0.28 | 157 | 0.07 | ||||||||||||||||||||||
Land - Acquisition & Development | 126 | 819 | 103,148 | 1 | — | 4 | 5 | 3.97 | 1,262 | 1.22 | ||||||||||||||||||||||
Land - Consumer Lot Loans | 1,204 | 84 | 101,045 | 4 | 2 | 15 | 21 | 1.74 | 1,076 | 1.06 | ||||||||||||||||||||||
Multi-Family | 959 | 1,270 | 1,217,594 | 3 | 1 | 2 | 6 | 0.63 | 1,868 | 0.15 | ||||||||||||||||||||||
Commercial Real Estate | 1,040 | 1,130 | 1,175,475 | 6 | 2 | 12 | 20 | 1.92 | 7,766 | 0.66 | ||||||||||||||||||||||
Commercial & Industrial | 1,843 | 574 | 1,057,826 | 4 | 6 | 34 | 44 | 2.39 | 1,108 | 0.10 | ||||||||||||||||||||||
HELOC | 2,931 | 51 | 148,448 | 7 | — | 32 | 39 | 1.33 | 1,375 | 0.93 | ||||||||||||||||||||||
Consumer | 4,842 | 26 | 124,547 | 78 | 30 | 79 | 187 | 3.86 | 1,063 | 0.85 | ||||||||||||||||||||||
40,921 | 252 | $ | 10,301,465 | 196 | 95 | 344 | 635 | 1.55 | % | $ | 76,217 | 0.74 | % | |||||||||||||||||||
September 30, 2016 | ||||||||||||||||||||||||||||||||
Single-Family Residential | 26,508 | 213 | $ | 5,658,122 | 93 | 39 | 173 | 305 | 1.15 | % | $ | 56,665 | 1.00 | % | ||||||||||||||||||
Construction | 640 | 779 | 498,450 | — | — | 1 | 1 | 0.16 | — | — | ||||||||||||||||||||||
Construction - Custom | 1,041 | 221 | 229,957 | 2 | — | — | 2 | 0.19 | 538 | 0.23 | ||||||||||||||||||||||
Land - Acquisition & Development | 132 | 719 | 94,928 | — | — | 3 | 3 | 2.27 | — | — | ||||||||||||||||||||||
Land - Consumer Lot Loans | 1,229 | 85 | 104,534 | 5 | 6 | 13 | 24 | 1.95 | 2,061 | 1.97 | ||||||||||||||||||||||
Multi-Family | 944 | 1,191 | 1,124,290 | 2 | 1 | 3 | 6 | 0.64 | 1,983 | 0.18 | ||||||||||||||||||||||
Commercial Real Estate | 1,074 | 1,018 | 1,093,549 | 1 | 2 | 10 | 13 | 1.21 | 4,868 | 0.45 | ||||||||||||||||||||||
Commercial & Industrial | 1,832 | 534 | 978,582 | — | 3 | 32 | 35 | 1.91 | 42 | — | ||||||||||||||||||||||
HELOC | 2,924 | 51 | 149,713 | 11 | 3 | 26 | 40 | 1.37 | 1,200 | 0.80 | ||||||||||||||||||||||
Consumer | 5,094 | 27 | 139,000 | 93 | 34 | 66 | 193 | 3.79 | 922 | 0.66 | ||||||||||||||||||||||
41,418 | 243 | $ | 10,071,125 | 207 | 88 | 327 | 622 | 1.50 | % | $ | 68,279 | 0.68 | % | |||||||||||||||||||
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 | % |
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