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Business Segments (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Statement of Operations and Total Assets by Reportable Segment
The following table presents 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 March 31,
2018

2017

 
2018

2017

 
2018

2017

 
2018
2017
Net interest income (expense)

$25,976


$23,557

 

($58
)

($32
)
 

$5,934


$5,154

 

$31,852


$28,679

Provision for loan losses

400

 


 


 

400

Net interest income (expense) after provision for loan losses
25,976

23,157

 
(58
)
(32
)
 
5,934

5,154

 
31,852

28,279

Noninterest income
4,936

4,442

 
10,273

9,477

 
534

591

 
15,743

14,510

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
637

663

 
396

463

 
42

52

 
1,075

1,178

Other noninterest expenses
15,466

14,607

 
7,199

6,448

 
3,390

3,053

 
26,055

24,108

Total noninterest expenses
16,103

15,270

 
7,595

6,911

 
3,432

3,105

 
27,130

25,286

Income before income taxes
14,809

12,329

 
2,620

2,534

 
3,036

2,640

 
20,465

17,503

Income tax expense
3,103

4,029

 
643

978

 
508

714

 
4,254

5,721

Net income

$11,706


$8,300

 

$1,977


$1,556

 

$2,528


$1,926

 

$16,211


$11,782

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$3,521,309


$3,344,773

 

$66,567


$64,984

 

$978,450


$979,006

 

$4,566,326


$4,388,763

Expenditures for long-lived assets
598

373

 
154

302

 
59

58

 
811

733