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Business Segments (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Statement of Operations and Total Assets by Reportable Segment
The following table presents 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,
2014

2013

 
2014

2013

 
2014

2013

 
2014

2013

Net interest income

$19,739


$19,511

 

($4
)

$7

 

$4,101


$2,949

 

$23,836


$22,467

Noninterest income
4,541

7,946

 
8,065

7,474

 
6,764

(2,254
)
 
19,370

13,166

Total income
24,280

27,457

 
8,061

7,481

 
10,865

695

 
43,206

35,633

Provision for loan losses
300

600

 


 


 
300

600

Depreciation and amortization expense
585

638

 
311

327

 
51

55

 
947

1,020

Other noninterest expenses
13,553

15,136

 
5,387

5,112

 
9,405

2,916

 
28,345

23,164

Total noninterest expenses
14,138

15,774

 
5,698

5,439

 
9,456

2,971

 
29,292

24,184

Income before income taxes
9,842

11,083

 
2,363

2,042

 
1,409

(2,276
)
 
13,614

10,849

Income tax expense (benefit)
3,261

3,843

 
876

763

 
179

(1,178
)
 
4,316

3,428

Net income (loss)

$6,581


$7,240

 

$1,487


$1,279

 

$1,230


($1,098
)
 

$9,298


$7,421

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$2,577,350


$2,439,300

 

$52,475


$51,737

 

$564,321


$560,811

 

$3,194,146


$3,051,848

Expenditures for long-lived assets

$1,075


$370

 

$171


$26

 

$45


$31

 

$1,291


$427