Business Segments (Tables)

6 Months Ended

Jun. 30, 2019

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 June 30,	2019		2018		2019			2018			2019		2018		2019		2018
Net interest income (expense)		$27,867		$26,644		($120	)		($77	)		$6,111		$6,544		$33,858		$33,111
Provision for loan losses	525		400		—			—			—		—		525		400
Net interest income (expense) after provision for loan losses	27,342		26,244		(120		)	(77		)	6,111		6,544		33,333		32,711
Noninterest income	6,690		5,837		9,557			9,602			506		554		16,753		15,993
Noninterest expenses:
Depreciation and amortization expense	672		637		363			370			39		43		1,074		1,050
Other noninterest expenses	16,660		15,509		6,937			6,593			3,480		3,136		27,077		25,238
Total noninterest expenses	17,332		16,146		7,300			6,963			3,519		3,179		28,151		26,288
Income before income taxes	16,700		15,935		2,137			2,562			3,098		3,919		21,935		22,416
Income tax expense	3,603		3,387		582			655			477		700		4,662		4,742
Net income		$13,097		$12,548		$1,555			$1,907			$2,621		$3,219		$17,273		$17,674
Total assets at period end		$3,916,915		$3,647,649		$77,757			$68,009			$1,195,000		$1,021,584		$5,189,672		$4,737,242
Expenditures for long-lived assets	297		801		—			11			19		52		316		864

(Dollars in thousands)	Commercial Banking				Wealth Management Services						Corporate				Consolidated Total
Six months ended June 30,	2019		2018		2019			2018			2019		2018		2019		2018
Net interest income (expense)		$55,169		$52,620		($247	)		($135	)		$13,520		$12,478		$68,442		$64,963
Provision for loan losses	1,175		400		—			—			—		—		1,175		400
Net interest income (expense) after provision for loan losses	53,994		52,220		(247		)	(135		)	13,520		12,478		67,267		64,563
Noninterest income	12,146		10,773		18,808			19,875			1,166		1,088		32,120		31,736
Noninterest expenses:
Depreciation and amortization expense	1,342		1,274		729			766			79		85		2,150		2,125
Other noninterest expenses	32,421		30,975		13,414			13,792			7,130		6,526		52,965		51,293
Total noninterest expenses	33,763		32,249		14,143			14,558			7,209		6,611		55,115		53,418
Income before income taxes	32,377		30,744		4,418			5,182			7,477		6,955		44,272		42,881
Income tax expense	7,024		6,490		1,199			1,298			1,281		1,208		9,504		8,996
Net income		$25,353		$24,254		$3,219			$3,884			$6,196		$5,747		$34,768		$33,885
Total assets at period end		$3,916,915		$3,647,649		$77,757			$68,009			$1,195,000		$1,021,584		$5,189,672		$4,737,242
Expenditures for long-lived assets	1,597		1,252		292			313			82		110		1,971		1,675