As Atlanta Braves of June the Company s investment

As describes john rocker of June baseball tickets tells 30,2009, the Company's investment portfolio had net unrealized gains of $70million, an increase of $67 million from September 30, 2008. During theyear, total loans outstanding decreased from $9.5 billion to $9.1 billionas a result of increased loan prepayments stemming from record lowinterest rates available on 30 year fixed-rate mortgages.During the quarter the Company became aware of a potential tax liabilityof $39 million resulting from the acquisition of First Mutual, Inc inFebruary 2008. The only income statement impact was $1.5 million ofadditional tax in the current quarter, resulting from interest due on thepotential tax liability. Although substantial uncertainty remains as tothe ultimate outcome of this matter, under current U.S. accounting rules,the Company was required to record this as an income tax liability and acorresponding increase to goodwill. The Company is in discussions with theIRS regarding this matter and will pursue all available remedies tomitigate the financial impact to the Company.Net interest income for the current quarter increased by 17% or $14million from the quarter ended June 30, 2008. This increase is the resultof expanding net interest spread, driven by falling deposit rates.

TheCompany's period end spread increased to 3.27% as of June 30, 2009,compared to 2.69% one year ago baseball ticket . In the next quarter the Company has $1.5billion of deposits that will mature with a weighted average rate of2.72%.The Company's efficiency ratio of 31.06% for the quarter, an increase from27.81% from one year ago, remains among the lowest in the industry jeff francoeur autograph . The$6.6 million increase in FDIC insurance costs caused the higher efficiencyratio bobby cox autographed baseball . The quarter produced a return on assets of .08%, while return onequity amounted to .71% bobby cox signed baseball . These ratios represent historical lows for theCompany and are indicative of the effects of the significant declines inreal estate values throughout the western United States.On July 24, 2009, Washington Federal will pay a cash dividend of $.05 pershare to common stockholders of record on July 10, 2009. TheCompany uses its website to distribute financial and other materialinformation about the Company, which is routinely posted on andaccessible at Cautionary StatementsThe foregoing information should be read in conjunction with the financialstatements, notes and other information contained in the Company's 2008Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and CurrentReports on Form 8-K.Statements contained herein that are not historical facts should beconsidered forward-looking statements with respect to Washington Federal.Forward-looking statements of this type speak only as of the date of thisreport. By nature, forward-looking statements involve inherent risk anduncertainties.

Washington Federal undertakes no obligation to update orrevise forward-looking statements to reflect subsequent circumstances,events or information or for any other reason.(1) Source: Mortgage statistics as reported by Bloomberg, ticker DLQTDLQTas of 3/31/09WASHINGTON FEDERAL, INC bobby cox . SEATTLE, WA, Jul 23 (MARKET WIRE) -- Daptiv, the on-demand leader in collaborative business software, todayannounced that Kevin Hickey has joined its board of directors aschairman baseball tickets . With the resignation of former CEO Jeff Pancottine, Hickey isleading the search for a CEO who will manage Daptiv through its nextstage of growth, capitalizing on the company's assets and market momentum.Hickey most recently served as CEO of NetPro, prior to its acquisition byQuest Software, and will apply his significant experience as a softwareexecutive to the selection of a new CEO jeff francoeur autograph . Before NetPro, Hickey was thepresident and CEO of Apriva, Inc and Homebid and led both companiesto acquisition In addition, Mr . Hickey spent six years as the presidentand COO at Viasoft, Inc., where he assisted in its successful sale. Hickeystarted his high-tech career at IBM, where he spent 12 years in a range ofsales and executive roles."Daptiv's current market opportunity is tremendous, especially as morecompanies come to realize the significant cost and time benefits of SaaS,"said Kevin Hickey, chairman of the board of directors for Daptiv.