Wafd, Inc. · NASDAQ:WAFD
Wafd — Washington Federal — Merger or Acquisition (July 2013)
10 slides from Wafd's merger presentation, Jul 23, 2013
Slide 1: Deposit Acquisition Summary
Exhibit 99.3 Deposit Acquisition Summary As of July 18, 2013 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: 51 acquired branches are mainly located in micropolitan areas. Similar locations have been successful for WAFD in the past. Branches by State: Washington: 19 Idaho: 15 Oregon: 6 New Mexico: 11 Green: WAFD existing branches Red: B of A branches to be acquired
Slide 4: Acquired Deposit Mix
Acquired Deposit Mix: As of March 31, 2013 4
Slide 5: Proforma Combined Deposit Mix
Proforma Combined Deposit Mix: Dollars in thousands, As of March 31, 2013 Proforma Acquired Combined WAFD Deposits Deposits Interest Checking $ 838,356 $ 362,232 $ 1,200,588 Non-Interest Checking 437,533 381,087 818,620 Passbook Savings 366,339 193,678 560,017 Money Market Accounts 1,914,388 502,493
Slide 6: Transaction Summary
Transaction Summary: Transaction type: Acquisition of deposit liabilities, related performing loans, and 51 branch properties at net book value ATMs acquired: 65 ATMs, including remote locations Premium: 2.60% of the $1.8 billion of deposits Expected tangible book value dilution: $0.53 per share Exp
Slide 7: Transaction Summary
Transaction Summary: Total loans: $10.9 million, weighted average rate of 6.5%. Investment assumption: Earn back calculation based on investing net proceeds into a mix of high quality investments yielding ~ 2.55%. Timing: Expected to close in the fourth calendar quarter of 2013. Cost savings: None.
Slide 8: Branch Listing
Branch Listing: Washington: New Mexico: Clarkston Angel Fire Cle Elum Chama Oregon: Idaho: Chelan Clovis (2) Hermiston Boise (4) Chewelah Espanola Hood River Gooding Colfax Hobbs (1) La Grande Hailey Colville Raton Milton-Freewater Idaho Falls Dayton Roswell Ontario Ketchum Deer Park Silver City (2)
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
Washington Federal — Merger or Acquisition (July 2013) on 6ix