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Business Segments (Tables)
9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Statement of Operations and Total Assets by Reportable Segment
The following tables present the statement of operations and total assets for Washington Trust’s reportable segments:
(Dollars in thousands)
Commercial Banking
 
Wealth Management Services
 
Corporate
 
Consolidated Total
Three months ended September 30,
2012

2011

 
2012

2011

 
2012

2011

 
2012

2011

Net interest income (expense)

$19,946


$19,170

 

$—


($1
)
 

$2,790


$2,380

 

$22,736


$21,549

Noninterest income
8,683

5,879

 
7,193

6,791

 
1,045

286

 
16,921

12,956

Total income
28,629

25,049

 
7,193

6,790

 
3,835

2,666

 
39,657

34,505

Provision for loan losses
600

1,000

 


 


 
600

1,000

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
588

616

 
325

326

 
55

73

 
968

1,015

Other noninterest expenses
16,538

14,298

 
4,850

4,667

 
3,934

2,615

 
25,322

21,580

Total noninterest expenses
17,126

14,914

 
5,175

4,993

 
3,989

2,688

 
26,290

22,595

Income before income taxes
10,903

9,135

 
2,018

1,797

 
(154
)
(22
)
 
12,767

10,910

Income tax expense (benefit)
3,751

3,072

 
755

670

 
(639
)
(414
)
 
3,867

3,328

Net income

$7,152


$6,063

 

$1,263


$1,127

 

$485


$392

 

$8,900


$7,582

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,384,219


$2,209,333

 

$51,525


$50,149

 

$613,124


$710,131

 

$3,048,868


$2,969,613

Expenditures for long-lived assets

$935


$926

 

$72


$43

 

$53


$29

 

$1,060


$998



(Dollars in thousands)
Commercial Banking
 
Wealth Management Services
 
Corporate
 
Consolidated Total
Nine months ended September 30,
2012

2011

 
2012

2011

 
2012

2011

 
2012

2011

Net interest income (expense)

$59,126


$56,383

 

$1


($10
)
 

$8,405


$6,567

 

$67,532


$62,940

Noninterest income
22,970

14,910

 
21,850

21,381

 
2,507

1,647

 
47,327

37,938

Total income
82,096

71,293

 
21,851

21,371

 
10,912

8,214

 
114,859

100,878

Provision for loan losses
2,100

3,700

 


 


 
2,100

3,700

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
1,792

1,815

 
958

1,004

 
175

211

 
2,925

3,030

Other noninterest expenses
47,162

40,569

 
14,649

14,254

 
10,181

7,746

 
71,992

62,569

Total noninterest expenses
48,954

42,384

 
15,607

15,258

 
10,356

7,957

 
74,917

65,599

Income before income taxes
31,042

25,209

 
6,244

6,113

 
556

257

 
37,842

31,579

Income tax expense (benefit)
10,665

8,424

 
2,332

2,278

 
(1,206
)
(1,070
)
 
11,791

9,632

Net income

$20,377


$16,785

 

$3,912


$3,835

 

$1,762


$1,327

 

$26,051


$21,947

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,384,219


$2,209,333

 

$51,525


$50,149

 

$613,124


$710,131

 

$3,048,868


$2,969,613

Expenditures for long-lived assets

$3,609


$1,742

 

$785


$391

 

$119


$104

 

$4,513


$2,237