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Business Segments (Tables)
6 Months Ended
Jun. 30, 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 June 30,
2013

2012

 
2013

2012

 
2013

2012

 
2013

2012

Net interest income (expense)

$19,731


$19,552

 

$2


($2
)
 

$2,676


$2,861

 

$22,409


$22,411

Noninterest income
7,991

7,580

 
7,912

7,472

 
491

1,122

 
16,394

16,174

Total income
27,722

27,132

 
7,914

7,470

 
3,167

3,983

 
38,803

38,585

Provision for loan losses
700

600

 


 


 
700

600

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
624

602

 
325

331

 
54

54

 
1,003

987

Other noninterest expenses
16,268

15,858

 
5,022

4,827

 
2,712

3,556

 
24,002

24,241

Total noninterest expenses
16,892

16,460

 
5,347

5,158

 
2,766

3,610

 
25,005

25,228

Income before income taxes
10,130

10,072

 
2,567

2,312

 
401

373

 
13,098

12,757

Income tax expense (benefit)
3,402

3,463

 
949

858

 
(236
)
(277
)
 
4,115

4,044

Net income

$6,728


$6,609

 

$1,618


$1,454

 

$637


$650

 

$8,983


$8,713

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,509,407


$2,331,097

 

$52,129


$49,869

 

$499,771


$660,084

 

$3,061,307


$3,041,050

Expenditures for long-lived assets

$367


$1,782

 

$28


$7

 

$15


$12

 

$410


$1,801


(Dollars in thousands)
Commercial Banking
 
Wealth Management Services
 
Corporate
 
Consolidated Total
Six months ended June 30,
2013

2012

 
2013

2012

 
2013

2012

 
2013

2012

Net interest income (expense)

$39,242


$39,180

 

$9


$1

 

$5,625


$5,615

 

$44,876


$44,796

Noninterest income
15,937

14,287

 
15,386

14,657

 
(1,763
)
1,462

 
29,560

30,406

Total income
55,179

53,467

 
15,395

14,658

 
3,862

7,077

 
74,436

75,202

Provision for loan losses
1,300

1,500

 


 


 
1,300

1,500

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
1,262

1,204

 
652

633

 
109

120

 
2,023

1,957

Other noninterest expenses
31,404

30,624

 
10,134

9,799

 
5,628

6,247

 
47,166

46,670

Total noninterest expenses
32,666

31,828

 
10,786

10,432

 
5,737

6,367

 
49,189

48,627

Income before income taxes
21,213

20,139

 
4,609

4,226

 
(1,875
)
710

 
23,947

25,075

Income tax expense (benefit)
7,898

6,914

 
1,815

1,577

 
(2,170
)
(567
)
 
7,543

7,924

Net income

$13,315


$13,225

 

$2,794


$2,649

 

$295


$1,277

 

$16,404


$17,151

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,509,407


$2,331,097

 

$52,129


$49,869

 

$499,771


$660,084

 

$3,061,307


$3,041,050

Expenditures for long-lived assets

$737


$2,674

 

$54


$713

 

$46


$66

 

$837


$3,453