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Business Segments (Tables)
3 Months Ended
Mar. 31, 2015
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,
2015
2014
 
2015
2014
 
2015
2014
 
2015
2014
Net interest income (expense)

$20,625


$19,739

 

($14
)

($4
)
 

$5,091


$4,101

 

$25,702


$23,836

Provision for loan losses

300

 


 


 

300

Net interest income (expense) after provision for loan losses
20,625

19,439

 
(14
)
(4
)
 
5,091

4,101

 
25,702

23,536

Noninterest income
5,078

4,541

 
8,435

8,065

 
507

6,764

 
14,020

19,370

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
671

585

 
306

311

 
60

51

 
1,037

947

Other noninterest expenses
13,587

13,553

 
5,915

5,387

 
2,992

9,405

 
22,494

28,345

Total noninterest expenses
14,258

14,138

 
6,221

5,698

 
3,052

9,456

 
23,531

29,292

Income before income taxes
11,445

9,842

 
2,200

2,363

 
2,546

1,409

 
16,191

13,614

Income tax expense
3,730

3,261

 
844

876

 
607

179

 
5,181

4,316

Net income

$7,715


$6,581

 

$1,356


$1,487

 

$1,939


$1,230

 

$11,010


$9,298

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$3,015,691


$2,577,350

 

$52,568


$52,475

 

$534,255


$564,321

 

$3,602,514


$3,194,146

Expenditures for long-lived assets
1,067

1,075

 
114

171

 
45

45

 
1,226

1,291