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Business Segments (Tables)
12 Months Ended
Dec. 31, 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)
 
 
 
 
 
 
 
Year ended December 31, 2014
Commercial
Banking
 
Wealth
Management
Services
 
Corporate
 
Consolidated
Total
Net interest income (expense)

$80,500

 

($24
)
 

$19,029

 

$99,505

Provision for loan losses
1,850

 

 

 
1,850

Net interest income (expense) after provision for loan losses
78,650

 
(24
)
 
19,029

 
97,655

Noninterest income
17,575

 
33,378

 
8,062

 
59,015

Noninterest expenses:
 
 
 
 
 
 
 
Depreciation and amortization expense
2,447

 
1,127

 
203

 
3,777

Other noninterest expenses
52,639

 
22,386

 
18,045

 
93,070

Total noninterest expenses
55,086

 
23,513

 
18,248

 
96,847

Income before income taxes
41,139

 
9,841

 
8,843

 
59,823

Income tax expense
13,497

 
3,724

 
1,778

 
18,999

Net income

$27,642

 

$6,117

 

$7,065

 

$40,824

 
 
 
 
 
 
 
 
Total assets at period end

$2,986,453

 

$52,720

 

$547,701

 

$3,586,874

Expenditures for long-lived assets
3,474

 
1,578

 
174

 
5,226


(Dollars in thousands)
 
 
 
 
 
 
 
Year ended December 31, 2013
Commercial
Banking
 
Wealth
Management
Services
 
Corporate
 
Consolidated
Total
Net interest income

$79,633

 

$7

 

$12,145

 

$91,785

Provision for loan losses
2,400

 

 

 
2,400

Net interest income after provision for loan losses
77,233

 
7

 
12,145

 
89,385

Noninterest income (expense)
30,769

 
31,825

 
(514
)
 
62,080

Noninterest expenses:
 
 
 
 
 
 
 
Depreciation and amortization expense
2,473

 
1,277

 
213

 
3,963

Other noninterest expenses
61,976

 
20,494

 
12,352

 
94,822

Total noninterest expenses
64,449

 
21,771

 
12,565

 
98,785

Income (loss) before income taxes
43,553

 
10,061

 
(934
)
 
52,680

Income tax expense (benefit)
14,598

 
3,724

 
(1,795
)
 
16,527

Net income

$28,955

 

$6,337

 

$861

 

$36,153

 
 
 
 
 
 
 
 
Total assets at period end

$2,517,059

 

$50,297

 

$621,511

 

$3,188,867

Expenditures for long-lived assets
1,286

 
112

 
93

 
1,491



(Dollars in thousands)
 
 
 
 
 
 
 
Year ended December 31, 2012
Commercial
Banking
 
Wealth
Management
Services
 
Corporate
 
Consolidated
Total
Net interest income

$79,505

 

$17

 

$11,174

 

$90,696

Provision for loan losses
2,700

 

 

 
2,700

Net interest income after provision for loan losses
76,805

 
17

 
11,174

 
87,996

Noninterest income
31,727

 
29,640

 
3,847

 
65,214

Noninterest expenses:
 
 
 
 
 
 
 
Depreciation and amortization expense
2,384

 
1,272

 
285

 
3,941

Other noninterest expenses
62,963

 
19,584

 
15,850

 
98,397

Total noninterest expenses
65,347

 
20,856

 
16,135

 
102,338

Income (loss) before income taxes
43,185

 
8,801

 
(1,114
)
 
50,872

Income tax expense (benefit)
14,670

 
3,296

 
(2,168
)
 
15,798

Net income

$28,515

 

$5,505

 

$1,054

 

$35,074

 
 
 
 
 
 
 
 
Total assets at period end

$2,436,280

 

$51,730

 

$583,874

 

$3,071,884

Expenditures for long-lived assets
4,082

 
877

 
151

 
5,110