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Business Segments (Tables)
6 Months Ended
Jun. 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 June 30,
2012

2011

 
2012

2011

 
2012

2011

 
2012

2011

Net interest income (expense)

$19,364


$18,809

 

($2
)

($3
)
 

$3,049


$2,258

 

$22,411


$21,064

Noninterest income
7,580

4,850

 
7,472

7,510

 
1,122

925

 
16,174

13,285

Total income
26,944

23,659

 
7,470

7,507

 
4,171

3,183

 
38,585

34,349

Provision for loan losses
600

1,200

 


 


 
600

1,200

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
602

599

 
331

341

 
54

70

 
987

1,010

Other noninterest expenses
15,858

13,581

 
4,827

4,917

 
3,556

2,756

 
24,241

21,254

Total noninterest expenses
16,460

14,180

 
5,158

5,258

 
3,610

2,826

 
25,228

22,264

Income before income taxes
9,884

8,279

 
2,312

2,249

 
561

357

 
12,757

10,885

Income tax expense (benefit)
3,397

2,764

 
858

838

 
(211
)
(282
)
 
4,044

3,320

Net income

$6,487


$5,515

 

$1,454


$1,411

 

$772


$639

 

$8,713


$7,565

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,331,097


$2,151,315

 

$49,869


$51,520

 

$660,084


$733,471

 

$3,041,050


$2,936,306

Expenditures for long-lived assets

$1,782


$394

 

$7


$90

 

$12


$42

 

$1,801


$526



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

2011

 
2012

2011

 
2012

2011

 
2012

2011

Net interest income (expense)

$38,992


$37,213

 

$1


($9
)
 

$5,803


$4,187

 

$44,796


$41,391

Noninterest income
14,287

9,031

 
14,657

14,590

 
1,462

1,361

 
30,406

24,982

Total income
53,279

46,244

 
14,658

14,581

 
7,265

5,548

 
75,202

66,373

Provision for loan losses
1,500

2,700

 


 


 
1,500

2,700

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
1,204

1,199

 
633

678

 
120

138

 
1,957

2,015

Other noninterest expenses
30,624

26,271

 
9,799

9,587

 
6,247

5,131

 
46,670

40,989

Total noninterest expenses
31,828

27,470

 
10,432

10,265

 
6,367

5,269

 
48,627

43,004

Income before income taxes
19,951

16,074

 
4,226

4,316

 
898

279

 
25,075

20,669

Income tax expense (benefit)
6,848

5,352

 
1,577

1,608

 
(501
)
(656
)
 
7,924

6,304

Net income

$13,103


$10,722

 

$2,649


$2,708

 

$1,399


$935

 

$17,151


$14,365

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,331,097


$2,151,315

 

$49,869


$51,520

 

$660,084


$733,471

 

$3,041,050


$2,936,306

Expenditures for long-lived assets

$2,674


$816

 

$713


$348

 

$66


$75

 

$3,453


$1,239