Business Segments (Tables)

9 Months Ended

Sep. 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 September 30,	2013		2012		2013			2012		2013			2012			2013		2012
Net interest income (expense)		$20,364		$19,946		($4	)		$—		$3,028			$2,790			$23,388		$22,736
Noninterest income	8,302		8,683		7,629			7,193		1,469			1,045			17,400		16,921
Total income	28,666		28,629		7,625			7,193		4,497			3,835			40,788		39,657
Provision for loan losses	700		600		—			—		—			—			700		600
Noninterest expenses:
Depreciation and amortization expense	614		588		316			325		52			55			982		968
Other noninterest expenses	15,840		16,538		4,944			4,850		3,782			3,934			24,566		25,322
Total noninterest expenses	16,454		17,126		5,260			5,175		3,834			3,989			25,548		26,290
Income before income taxes	11,512		10,903		2,365			2,018		663			(154		)	14,540		12,767
Income tax expense (benefit)	3,875		3,751		876			755		(171		)	(639		)	4,580		3,867
Net income		$7,637		$7,152		$1,489			$1,263		$834			$485			$9,960		$8,900
Total assets at period end		$2,460,150		$2,384,219		$50,297			$51,525		$621,511			$613,124			$3,131,958		$3,048,868
Expenditures for long-lived assets		$277		$935		$39			$72		$25			$53			$341		$1,060

(Dollars in thousands)	Commercial Banking				Wealth Management Services				Corporate						Consolidated Total
Nine months ended September 30,	2013		2012		2013		2012		2013			2012			2013		2012
Net interest income (expense)		$59,606		$59,126		$5		$1		$8,653			$8,405			$68,264		$67,532
Noninterest income	24,239		22,970		23,015		21,850		(294		)	2,507			46,960		47,327
Total income	83,845		82,096		23,020		21,851		8,359			10,912			115,224		114,859
Provision for loan losses	2,000		2,100		—		—		—			—			2,000		2,100
Noninterest expenses:
Depreciation and amortization expense	1,876		1,792		968		958		161			175			3,005		2,925
Other noninterest expenses	47,244		47,162		15,078		14,649		9,410			10,181			71,732		71,992
Total noninterest expenses	49,120		48,954		16,046		15,607		9,571			10,356			74,737		74,917
Income before income taxes	32,725		31,042		6,974		6,244		(1,212		)	556			38,487		37,842
Income tax expense (benefit)	11,421		10,665		2,635		2,332		(1,933		)	(1,206		)	12,123		11,791
Net income		$21,304		$20,377		$4,339		$3,912		$721			$1,762			$26,364		$26,051
Total assets at period end		$2,460,150		$2,384,219		$50,297		$51,525		$621,511			$613,124			$3,131,958		$3,048,868
Expenditures for long-lived assets		$1,014		$3,609		$93		$785		$71			$119			$1,178		$4,513