Wafd, Inc. · NASDAQ:WAFD
Wafd — Washington Federal — Fact Sheet (January 2014)
10 slides from Wafd's fact sheet, Jan 23, 2014
Slide 1: Deposit Acquisition Fact Sheet
Deposit Acquisition Fact Sheet As of January 23, 2014 1
Slide 2: Forward Looking Statements
Forward Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Washington Federal’s management and are subject to significant risks an
Slide 3: Expanding network in several key markets
Expanding network in several key markets: 23 acquired branches located in medium and small communities of Arizona and Nevada. Branches by State: Arizona: 13 Nevada: 10 Green: WAFD existing branches Red: B of A branches to be acquired 3
Slide 4: Acquired Deposit Mix
Acquired Deposit Mix: As of December 31, 2013 4
Slide 5: Proforma Combined Deposit Mix
Proforma Combined Deposit Mix: Dollars in thousands, As of December 31, 2013 Acquired Proforma WAFD Deposits (1) Combined Interest Checking $ 1,227,548 $ 101,999 $ 1,329,547 Non-Interest Checking 674,824 143,029 817,853 Savings 542,573 46,868 589,441 Money Market 2,268,979 204,070 2,473,049 Time Dep
Slide 6: Transaction Summary
Transaction Summary: Transaction type: Acquisition of deposit liabilities, related performing loans, and 23 branch properties at net book value and 41 ATM’s Deposits: Actual amount of deposits as of 12/31/13 is $813 million. Based on prior experience, we are expecting a 25% decline prior to closing.
Slide 7: Transaction Summary
Transaction Summary: Total loans: $3.8 million, weighted average rate of 6.9%. Investment assumption: Earn back calculation based on investing net proceeds into a mix of high quality investments yielding ~ 3.05%. Timing: Likely to close before June 30, 2014. Cost savings: None. Expected to add staff
Slide 8: Branch Listing
Branch Listing: Arizona: Nevada: Benson Beatty Bisbee Elko Douglas Ely / McGill Globe Fallon Nogales (2) Fernley Parker Mesquite Payson Mineral County Safford Moapa Show Low Pioche Tohono O’dham Winnemucca Yuma (2) 8
Slide 9: Questions
Questions: If you have additional questions please contact us directly at: Washington Federal, Inc. 425 Pike Street, Seattle, WA 98101 Cathy Cooper , Senior Vice President Investor Relations 206-777-8246 cathy.cooper@wafd.com 9
Slide 10: NASDAQ: WAFD
Washington Federal. invested here. NASDAQ: WAFD