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Business Segments
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Business Segments Business Segments
The Corporation manages its operations through two reportable business segments, consisting of Commercial Banking and Wealth Management Services.

Management uses an allocation methodology to allocate income and expenses to the business lines. Direct activities are assigned to the appropriate business segment to which the activity relates. Indirect activities, such as corporate, technology and other support functions, are allocated to business segments primarily based upon full-time equivalent employee computations.

Commercial Banking
The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of ATMs, telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities.

Wealth Management Services
The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedents’ estates; and institutional trust services, including custody and fiduciary services.

The following tables present the statement of operations and total assets for Washington Trust’s reportable segments:
(Dollars in thousands)Commercial BankingWealth Management ServicesConsolidated Total
Three months ended September 30, 202320222023202220232022
Net interest income$33,741 $42,038 $10 $4 $33,751 $42,042 
Provision for credit losses500 800 — — 500 800 
Net interest income after provision for credit losses33,241 41,238 10 4 33,251 41,242 
Noninterest income6,105 6,043 9,121 9,760 15,226 15,803 
Noninterest expenses:
Depreciation and amortization expense892 751 346 348 1,238 1,099 
Other noninterest expenses25,719 23,995 7,433 7,973 33,152 31,968 
Total noninterest expenses26,611 24,746 7,779 8,321 34,390 33,067 
Income before income taxes12,735 22,535 1,352 1,443 14,087 23,978 
Income tax expense2,621 4,878 305 432 2,926 5,310 
Net income$10,114 $17,657 $1,047 $1,011 $11,161 $18,668 
Total assets at period end$7,127,117 $6,332,986 $56,358 $75,065 $7,183,475 $6,408,051 
Expenditures for long-lived assets498 1,206 6 137 504 1,343 
(Dollars in thousands)Commercial BankingWealth Management ServicesConsolidated Total
Nine months ended September 30, 202320222023202220232022
Net interest income (expense)$104,407 $114,709 $37 ($61)$104,444 $114,648 
Provision for credit losses2,000 (2,100)— — 2,000 (2,100)
Net interest income (expense) after provision for credit losses102,407 116,809 37 (61)102,444 116,748 
Noninterest income 15,679 18,174 27,155 30,640 42,834 48,814 
Noninterest expenses:
Depreciation and amortization expense2,582 2,168 1,059 1,034 3,641 3,202 
Other noninterest expenses74,801 69,110 22,528 23,051 97,329 92,161 
Total noninterest expenses77,383 71,278 23,587 24,085 100,970 95,363 
Income before income taxes40,703 63,705 3,605 6,494 44,308 70,199 
Income tax expense8,226 13,423 853 1,668 9,079 15,091 
Net income$32,477 $50,282 $2,752 $4,826 $35,229 $55,108 
Total assets at period end$7,127,117 $6,332,986 $56,358 $75,065 $7,183,475 $6,408,051 
Expenditures for long-lived assets3,493 3,494 31 330 3,524 3,824