WASHINGTON FEDERAL INC
10-Q, 1998-05-26
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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[ARTICLE] 9
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   3-MOS
[FISCAL-YEAR-END]                          SEP-30-1997
[PERIOD-END]                               MAR-31-1998
[CASH]                                          25,591
[INT-BEARING-DEPOSITS]                               0
[FED-FUNDS-SOLD]                                     0
[TRADING-ASSETS]                                     0
[INVESTMENTS-HELD-FOR-SALE]                    668,500
[INVESTMENTS-CARRYING]                         517,285
[INVESTMENTS-MARKET]                                 0
[LOANS]                                      4,152,743
[ALLOWANCE]                                     23,483
[TOTAL-ASSETS]                               5,633,772
[DEPOSITS]                                   3,024,452
[SHORT-TERM]                                 1,378,990
[LIABILITIES-OTHER]                            124,651
[LONG-TERM]                                    350,000
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[COMMON]                                        56,334
[OTHER-SE]                                     699,345
[TOTAL-LIABILITIES-AND-EQUITY]               5,633,772
[INTEREST-LOAN]                                 91,659
[INTEREST-INVEST]                               23,272
[INTEREST-OTHER]                                     0
[INTEREST-TOTAL]                               114,931
[INTEREST-DEPOSIT]                              38,198
[INTEREST-EXPENSE]                              62,940
[INTEREST-INCOME-NET]                           51,991
[LOAN-LOSSES]                                      172
[SECURITIES-GAINS]                               1,591
[EXPENSE-OTHER]                                 11,537
[INCOME-PRETAX]                                 43,351
[INCOME-PRE-EXTRAORDINARY]                      27,962
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                    27,962
[EPS-PRIMARY]                                      .53
[EPS-DILUTED]                                      .53
[YIELD-ACTUAL]                                    8.07
[LOANS-NON]                                     18,687
[LOANS-PAST]                                         0
[LOANS-TROUBLED]                                 7,861
[LOANS-PROBLEM]                                      0
[ALLOWANCE-OPEN]                                23,615
[CHARGE-OFFS]                                      162
[RECOVERIES]                                        30
[ALLOWANCE-CLOSE]                               23,483
[ALLOWANCE-DOMESTIC]                            18,109
[ALLOWANCE-FOREIGN]                                  0
[ALLOWANCE-UNALLOCATED]                          5,374
</TABLE>

<TABLE> <S> <C>

<ARTICLE> 9
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
<CASH>                                          25,591
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    668,500
<INVESTMENTS-CARRYING>                         517,285
<INVESTMENTS-MARKET>                                 0
<LOANS>                                      4,152,743
<ALLOWANCE>                                     23,483
<TOTAL-ASSETS>                               5,633,772
<DEPOSITS>                                   3,024,452
<SHORT-TERM>                                 1,378,990
<LIABILITIES-OTHER>                            124,651
<LONG-TERM>                                    350,000
                                0
                                          0
<COMMON>                                        56,334
<OTHER-SE>                                     699,345
<TOTAL-LIABILITIES-AND-EQUITY>               5,633,772
<INTEREST-LOAN>                                 91,659
<INTEREST-INVEST>                               23,272
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                               114,931
<INTEREST-DEPOSIT>                              38,198
<INTEREST-EXPENSE>                              62,940
<INTEREST-INCOME-NET>                           51,991
<LOAN-LOSSES>                                      172
<SECURITIES-GAINS>                               1,591
<EXPENSE-OTHER>                                 11,537
<INCOME-PRETAX>                                 43,351
<INCOME-PRE-EXTRAORDINARY>                      27,962
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    27,962
<EPS-PRIMARY>                                      .53
<EPS-DILUTED>                                      .53
<YIELD-ACTUAL>                                    8.07
<LOANS-NON>                                     18,687
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                 7,861
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                23,615
<CHARGE-OFFS>                                      162
<RECOVERIES>                                        30
<ALLOWANCE-CLOSE>                               23,483
<ALLOWANCE-DOMESTIC>                            18,109
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          5,374
        

</TABLE>


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