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Speed Matters - Website Is the New Storefront

Income Statement Comparison Fiscal YTD 9/30/2022 9/30/2022 $ Change % Change INTEREST INCOME Loans..... 601,592 $ 537,660 $ 63,932 11.9% Mortgage-backed securities......... 26,332 24,708 1,624 6.6% Investment securities and cash equivalents.... 38,435 29,242 9,193 31.4% 666,359 591,610 74,749 12.6% INTEREST EXPENSE Customer accounts. FHLB advances and other borrowings. 43,041 42,313 728 1.7% 28,729 44,188 (15,459) -35.0% 71,770 86,501 (14,731) -17.0% NET INTEREST INCOME 594,589 505,109 89,480 17.7% Provision (release) for credit losses.... 3,000 500 2,500 Net interest income after provision (reversal).. _ $ 591,589 $ 504,609 $ 86,980 17.2% WaFd Bank 23
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