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Business Segments (Tables)
3 Months Ended
Mar. 31, 2013
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 March 31,
2013

2012

 
2013

2012

 
2013

2012

 
2013

2012

Net interest income (expense)

$19,511


$19,628

 

$7


$3

 

$2,949


$2,754

 

$22,467


$22,385

Noninterest income
7,946

6,707

 
7,474

7,185

 
(2,254
)
340

 
13,166

14,232

Total income
27,457

26,335

 
7,481

7,188

 
695

3,094

 
35,633

36,617

Provision for loan losses
600

900

 


 


 
600

900

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
638

602

 
327

302

 
55

66

 
1,020

970

Other noninterest expenses
15,136

14,766

 
5,112

4,972

 
2,916

2,691

 
23,164

22,429

Total noninterest expenses
15,774

15,368

 
5,439

5,274

 
2,971

2,757

 
24,184

23,399

Income before income taxes
11,083

10,067

 
2,042

1,914

 
(2,276
)
337

 
10,849

12,318

Income tax expense (benefit)
3,843

3,451

 
763

719

 
(1,178
)
(290
)
 
3,428

3,880

Net income

$7,240


$6,616

 

$1,279


$1,195

 

($1,098
)

$627

 

$7,421


$8,438

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,439,300


$2,265,850

 

$51,737


$51,560

 

$560,811


$711,280

 

$3,051,848


$3,028,690

Expenditures for long-lived assets

$370


$892

 

$26


$706

 

$31


$54

 

$427


$1,652