Business Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30,	2014		2013		2014			2013		2014		2013			2014		2013
Net interest income (expense)		$19,799		$19,731		($7	)		$2		$4,676		$2,676			$24,468		$22,409
Provision for loan losses	450		700		—			—		—		—			450		700
Net interest income (expense) after provision for loan losses	19,349		19,031		(7		)	2		4,676		2,676			24,018		21,709
Noninterest income	3,860		7,991		8,530			7,912		424		491			12,814		16,394
Noninterest expenses:
Depreciation and amortization expense	621		624		272			325		52		54			945		1,003
Other noninterest expenses	13,219		16,268		5,482			5,022		2,802		2,712			21,503		24,002
Total noninterest expenses	13,840		16,892		5,754			5,347		2,854		2,766			22,448		25,005
Income before income taxes	9,369		10,130		2,769			2,567		2,246		401			14,384		13,098
Income tax expense (benefit)	3,102		3,402		1,018			949		467		(236		)	4,587		4,115
Net income		$6,267		$6,728		$1,751			$1,618		$1,779		$637			$9,797		$8,983
Total assets at period end		$2,704,109		$2,509,407		$53,303			$52,129		$559,610		$499,771			$3,317,022		$3,061,307
Expenditures for long-lived assets		$1,308		$367		$65			$28		$17		$15			$1,390		$410

(Dollars in thousands)	Commercial Banking				Wealth Management Services					Corporate					Consolidated Total
Six months ended June 30,	2014		2013		2014			2013		2014		2013			2014		2013
Net interest income (expense)		$39,538		$39,242		($11	)		$9		$8,777		$5,625			$48,304		$44,876
Provision for loan losses	750		1,300		—			—		—		—			750		1,300
Net interest income (expense) after provision for loan losses	38,788		37,942		(11		)	9		8,777		5,625			47,554		43,576
Noninterest income (expense)	8,401		15,937		16,595			15,386		7,188		(1,763		)	32,184		29,560
Noninterest expenses:
Depreciation and amortization expense	1,206		1,262		583			652		103		109			1,892		2,023
Other noninterest expenses	26,772		31,404		10,869			10,134		12,207		5,628			49,848		47,166
Total noninterest expenses	27,978		32,666		11,452			10,786		12,310		5,737			51,740		49,189
Income (loss) before income taxes	19,211		21,213		5,132			4,609		3,655		(1,875		)	27,998		23,947
Income tax expense (benefit)	6,363		7,898		1,894			1,815		646		(2,170		)	8,903		7,543
Net income (loss)		$12,848		$13,315		$3,238			$2,794		$3,009		$295			$19,095		$16,404
Total assets at period end		$2,704,109		$2,509,407		$53,303			$52,129		$559,610		$499,771			$3,317,022		$3,061,307
Expenditures for long-lived assets		$2,383		$737		$236			$54		$62		$46			$2,681		$837