Golden West Financial Releases Thirteen Month Statistical Data.OAKLAND Oakland, city (1990 pop. 372,242), seat of Alameda co., W Calif., on the eastern side of San Francisco Bay; inc. 1852. Together with San Francisco and San Jose, the city comprises the fourth largest metropolitan area in the United States. , Calif. -- Golden West Financial Corporation (NYSE NYSE See: New York Stock Exchange :GDW GDW Game Designers' Workshop (wargame and roleplaying game company) GDW Ginga Densetsu Weed (manga/anime) GDW Genau Dann Wenn (German: If and Only If) GDW globally distributed work ), parent of World Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , today released statistical data for the thirteen months ended August 31, 2006. Headquartered in Oakland, California “Oakland” redirects here. For other uses, see Oakland (disambiguation). Oakland (IPA: /ˈoʊklənd/), founded in 1852, is the eighth-largest city in the U.S. , Golden West is one of the nation's largest financial institutions with assets over $130 billion as of August 31, 2006. The Company has one of the most extensive thrift thrift: see leadwort. branch systems in the country, with 286 savings branches in 10 states and lending operations in 39 states. Golden West's stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors GDW. Golden West investor information is available at www.gdw.com.
GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES
MONTHLY FINANCIAL HIGHLIGHTS
August 2005 - August 2006
(Dollars in millions)
2006
---------------------------------------
AUG JUL JUN MAY
--------- --------- --------- ---------
Total Assets $131,010 $129,326 $128,806 $128,930
Cash and Investments $3,296 $2,129 $2,158 $2,442
Loans and MBS $124,563 $124,054 $123,518 $123,381
Adjustable Rate Mortgages and
MBS $121,477 $120,977 $120,488 $120,304
Loans Originated - Month $4,363 $3,702 $3,907 $3,968
Percentage ARMs - Month 99 % 99 % 99 % 99 %
Percentage Refinances -
Month 86 % 85 % 84 % 83 %
Loans Originated - YTD $31,322 $26,959 $23,257 $19,350
Percentage ARMs - YTD 99 % 99 % 99 % 99 %
Percentage Refinances - YTD 84 % 84 % 84 % 84 %
Total Deposits $65,425 $63,114 $62,234 $61,650
Total Deposit Net Activity -
Month $2,311 $880 $584 $587
Total Deposit Net Activity -
YTD $5,267 $2,956 $2,076 $1,492
Federal Home Loan Bank
Borrowings $37,234 $38,442 $38,447 $37,601
Other Borrowings:
Reverse Repurchases 5,200 4,850 5,600 5,850
Bank Notes 2,116 2,179 2,183 3,221
Senior Debt 9,388 9,577 9,564 9,567
--------- --------- --------- ---------
Total Borrowings $53,938 $55,048 $55,794 $56,239
========= ========= ========= =========
Yield on Loan Portfolio 7.30 % 7.17 % 7.04 % 6.93 %
Yield on Interest-Earning
Investments 5.35 5.37 5.30 5.11
--------- --------- --------- ---------
Combined Yield on
Interest-Earning Assets 7.26 % 7.15 % 7.02 % 6.91 %
Cost of Savings 4.34 % 4.11 % 3.94 % 3.79 %
Cost of Federal Home Loan
Bank Borrowings 5.43 5.37 5.23 5.06
Cost of Other Borrowings 5.46 5.44 5.30 5.10
--------- --------- --------- ---------
Combined Cost of Funds 4.84 % 4.71 % 4.56 % 4.40 %
--------- --------- --------- ---------
Net Interest Rate Spread
(Primary Spread) 2.42 % 2.44 % 2.46 % 2.51 %
========= ========= ========= =========
Loans Sold $121 $98 $118 $118
Loan and MBS Repayments and
Payoffs - Month $3,913 $3,285 $3,767 $3,553
As a % of Prior Month Loan
Balance (Annualized) 38.13 % 32.15 % 36.91 % 34.96 %
Nonperforming Assets and
Troubled Debt
Restructured as a % of
Total Assets .41 % .40 % .37 % .35 %
2006
-----------------------------
APR MAR FEB
--------- --------- ---------
Total Assets $128,120 $127,556 $126,475
Cash and Investments $2,148 $2,181 $1,904
Loans and MBS $122,835 $122,300 $121,526
Adjustable Rate Mortgages and MBS $119,844 $119,240 $118,407
Loans Originated - Month $3,816 $4,472 $3,520
Percentage ARMs - Month 99 % 99 % 99 %
Percentage Refinances - Month 85 % 85 % 86 %
Loans Originated - YTD $15,382 $11,566 $7,094
Percentage ARMs - YTD 99 % 99 % 99 %
Percentage Refinances - YTD 85 % 84 % 84 %
Total Deposits $61,063 $61,583 $61,056
Total Deposit Net Activity - Month $(520) $527 $533
Total Deposit Net Activity - YTD $905 $1,425 $898
Federal Home Loan Bank Borrowings $38,504 $38,509 $37,957
Other Borrowings:
Reverse Repurchases 6,200 5,900 5,500
Bank Notes 3,620 2,977 3,153
Senior Debt 8,075 8,075 8,186
--------- --------- ---------
Total Borrowings $56,399 $55,461 $54,796
========= ========= =========
Yield on Loan Portfolio 6.82 % 6.71 % 6.60 %
Yield on Interest-Earning Investments 4.90 4.91 4.60
--------- --------- ---------
Combined Yield on Interest-Earning
Assets 6.80 % 6.69 % 6.58 %
Cost of Savings 3.66 % 3.56 % 3.46 %
Cost of Federal Home Loan Bank
Borrowings 4.89 4.75 4.62
Cost of Other Borrowings 5.00 4.87 4.65
--------- --------- ---------
Combined Cost of Funds 4.27 % 4.14 % 4.01 %
--------- --------- ---------
Net Interest Rate Spread (Primary
Spread) 2.53 % 2.55 % 2.57 %
========= ========= =========
Loans Sold $94 $77 $67
Loan and MBS Repayments and Payoffs -
Month $3,224 $3,683 $2,681
As a % of Prior Month Loan Balance
(Annualized) 31.87 % 36.63 % 26.88 %
Nonperforming Assets and Troubled Debt
Restructured as a % of Total Assets .35 % .34 % .35 %
GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES
MONTHLY FINANCIAL HIGHLIGHTS
August 2005 - August 2006
(Dollars in millions)
2006 2005
--------- -------------------
JAN DEC NOV
--------- --------- ---------
Total Assets $125,332 $124,615 $124,456
Cash and Investments $1,803 $2,222 $3,052
Loans and MBS $120,521 $119,366 $118,435
Adjustable Rate Mortgages and MBS $117,519 $116,370 $115,258
Loans Originated - Month $3,574 $4,587 $4,255
Percentage ARMs - Month 99 % 99 % 99 %
Percentage Refinances - Month 83 % 81 % 81 %
Loans Originated - YTD $3,574 $51,516 $46,929
Percentage ARMs - YTD 99 % 99 % 99 %
Percentage Refinances - YTD 83 % 77 % 77 %
Total Deposits $60,523 $60,158 $60,268
Total Deposit Net Activity - Month $365 $(110) $1,185
Total Deposit Net Activity - YTD $365 $7,193 $7,303
Federal Home Loan Bank Borrowings $37,958 $38,961 $38,615
Other Borrowings:
Reverse Repurchases 5,750 5,000 5,000
Bank Notes 2,653 2,394 2,024
Senior Debt 8,192 8,194 8,191
--------- --------- ---------
Total Borrowings $54,553 $54,549 $53,830
========= ========= =========
Yield on Loan Portfolio 6.49 % 6.37 % 6.27 %
Yield on Interest-Earning Investments 4.51 4.11 4.08
--------- --------- ---------
Combined Yield on Interest-Earning
Assets 6.47 % 6.35 % 6.22 %
Cost of Savings 3.36 % 3.24 % 3.14 %
Cost of Federal Home Loan Bank
Borrowings 4.45 4.33 4.13
Cost of Other Borrowings 4.58 4.47 4.18
--------- --------- ---------
Combined Cost of Funds 3.89 % 3.78 % 3.62 %
--------- --------- ---------
Net Interest Rate Spread (Primary
Spread) 2.58 % 2.57 % 2.60 %
========= ========= =========
Loans Sold $52 $98 $160
Loan and MBS Repayments and Payoffs -
Month $2,526 $3,371 $3,190
As a % of Prior Month Loan Balance
(Annualized) 25.58 % 34.40 % 32.78 %
Nonperforming Assets and Troubled Debt
Restructured as a % of Total Assets .33 % .31 % .31 %
2005
-----------------------------
OCT SEP AUG
--------- --------- ---------
Total Assets $123,422 $121,281 $119,621
Cash and Investments $2,913 $1,904 $1,376
Loans and MBS $117,587 $116,513 $115,461
Adjustable Rate Mortgages and MBS $114,306 $113,375 $112,149
Loans Originated - Month $4,277 $4,605 $4,822
Percentage ARMs - Month 99 % 99 % 99 %
Percentage Refinances - Month 80 % 77 % 77 %
Loans Originated - YTD $42,674 $38,397 $33,792
Percentage ARMs - YTD 99 % 99 % 99 %
Percentage Refinances - YTD 77 % 76 % 76 %
Total Deposits $59,083 $58,429 $58,582
Total Deposit Net Activity - Month $654 $(153) $(830)
Total Deposit Net Activity - YTD $6,118 $5,464 $5,617
Federal Home Loan Bank Borrowings $38,893 $38,897 $36,666
Other Borrowings:
Reverse Repurchases 5,150 5,150 4,950
Bank Notes 2,163 2,489 2,950
Senior Debt 8,189 6,705 6,727
--------- --------- ---------
Total Borrowings $54,395 $53,241 $51,293
========= ========= =========
Yield on Loan Portfolio 6.16 % 6.04 % 5.93 %
Yield on Interest-Earning Investments 4.07 3.93 3.61
--------- --------- ---------
Combined Yield on Interest-Earning
Assets 6.12 % 6.01 % 5.91 %
Cost of Savings 3.06 % 2.97 % 2.89 %
Cost of Federal Home Loan Bank
Borrowings 3.94 3.79 3.61
Cost of Other Borrowings 4.07 3.93 3.68
--------- --------- ---------
Combined Cost of Funds 3.50 % 3.38 % 3.24 %
--------- --------- ---------
Net Interest Rate Spread (Primary
Spread) 2.62 % 2.63 % 2.67 %
========= ========= =========
Loans Sold $119 $84 $92
Loan and MBS Repayments and Payoffs -
Month $3,183 $3,229 $3,397
As a % of Prior Month Loan Balance
(Annualized) 33.01 % 33.79 % 36.02 %
Nonperforming Assets and Troubled Debt
Restructured as a % of Total Assets .29 % .28 % .28 %
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