Business Segments (Tables)

9 Months Ended

Sep. 30, 2014

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,	2014		2013		2014			2013			2014		2013			2014		2013
Net interest income (expense)		$19,965		$20,364		($8	)		($4	)		$4,981		$3,028			$24,938		$23,388
Provision for loan losses	600		700		—			—			—		—			600		700
Net interest income (expense) after provision for loan losses	19,365		19,664		(8		)	(4		)	4,981		3,028			24,338		22,688
Noninterest income	4,370		8,302		8,374			7,629			381		1,469			13,125		17,400
Noninterest expenses:
Depreciation and amortization expense	627		614		269			316			51		52			947		982
Other noninterest expenses	12,793		15,840		5,620			4,944			2,687		3,782			21,100		24,566
Total noninterest expenses	13,420		16,454		5,889			5,260			2,738		3,834			22,047		25,548
Income before income taxes	10,315		11,512		2,477			2,365			2,624		663			15,416		14,540
Income tax expense (benefit)	3,401		3,875		942			876			535		(171		)	4,878		4,580
Net income		$6,914		$7,637		$1,535			$1,489			$2,089		$834			$10,538		$9,960
Total assets at period end		$2,792,759		$2,460,150		$51,012			$50,297			$572,111		$621,511			$3,415,882		$3,131,958
Expenditures for long-lived assets		$327		$277		$241			$39			$66		$25			$634		$341

(Dollars in thousands)	Commercial Banking				Wealth Management Services					Corporate					Consolidated Total
Nine months ended September 30,	2014		2013		2014			2013		2014		2013			2014		2013
Net interest income (expense)		$59,503		$59,606		($19	)		$5		$13,758		$8,653			$73,242		$68,264
Provision for loan losses	1,350		2,000		—			—		—		—			1,350		2,000
Net interest income (expense) after provision for loan losses	58,153		57,606		(19		)	5		13,758		8,653			71,892		66,264
Noninterest income (expense)	12,771		24,239		24,969			23,015		7,569		(294		)	45,309		46,960
Noninterest expenses:
Depreciation and amortization expense	1,833		1,876		852			968		154		161			2,839		3,005
Other noninterest expenses	39,565		47,244		16,489			15,078		14,894		9,410			70,948		71,732
Total noninterest expenses	41,398		49,120		17,341			16,046		15,048		9,571			73,787		74,737
Income (loss) before income taxes	29,526		32,725		7,609			6,974		6,279		(1,212		)	43,414		38,487
Income tax expense (benefit)	9,764		11,421		2,836			2,635		1,181		(1,933		)	13,781		12,123
Net income		$19,762		$21,304		$4,773			$4,339		$5,098		$721			$29,633		$26,364
Total assets at period end		$2,792,759		$2,460,150		$51,012			$50,297		$572,111		$621,511			$3,415,882		$3,131,958
Expenditures for long-lived assets		$2,710		$1,014		$477			$93		$128		$71			$3,315		$1,178