Business Segments (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30,	2015		2014		2015			2014			2015		2014		2015		2014
Net interest income (expense)		$21,212		$19,799		($9	)		($7	)		$4,825		$4,676		$26,028		$24,468
Provision for loan losses	100		450		—			—			—		—		100		450
Net interest income (expense) after provision for loan losses	21,112		19,349		(9		)	(7		)	4,825		4,676		25,928		24,018
Noninterest income	5,588		3,860		8,912			8,530			761		424		15,261		12,814
Noninterest expenses:
Depreciation and amortization expense	638		621		299			272			51		52		988		945
Other noninterest expenses (1)	13,868		13,219		6,465			5,482			2,978		2,802		23,311		21,503
Total noninterest expenses	14,506		13,840		6,764			5,754			3,029		2,854		24,299		22,448
Income before income taxes	12,194		9,369		2,139			2,769			2,557		2,246		16,890		14,384
Income tax expense	3,993		3,102		838			1,018			556		467		5,387		4,587
Net income		$8,201		$6,267		$1,301			$1,751			$2,001		$1,779		$11,503		$9,797
Total assets at period end		$3,058,410		$2,704,109		$53,236			$53,303			$532,831		$559,610		$3,644,477		$3,317,022
Expenditures for long-lived assets		$943		$1,308		$87			$65			$88		$17		$1,118		$1,390

(1) Other noninterest expenses for the Wealth Management Services segment includes $433 thousand of acquisition related expenses for the three months ended June 30, 2015. See Note 19 for additional information.

(Dollars in thousands)	Commercial Banking				Wealth Management Services						Corporate				Consolidated Total
Six months ended June 30,	2015		2014		2015			2014			2015		2014		2015		2014
Net interest income (expense)		$41,837		$39,538		($23	)		($11	)		$9,916		$8,777		$51,730		$48,304
Provision for loan losses	100		750		—			—			—		—		100		750
Net interest income (expense) after provision for loan losses	41,737		38,788		(23		)	(11		)	9,916		8,777		51,630		47,554
Noninterest income	10,666		8,401		17,347			16,595			1,268		7,188		29,281		32,184
Noninterest expenses:
Depreciation and amortization expense	1,310		1,206		605			583			111		103		2,026		1,892
Other noninterest expenses (1)	27,454		26,772		12,380			10,869			5,970		12,207		45,804		49,848
Total noninterest expenses	28,764		27,978		12,985			11,452			6,081		12,310		47,830		51,740
Income before income taxes	23,639		19,211		4,339			5,132			5,103		3,655		33,081		27,998
Income tax expense	7,723		6,363		1,682			1,894			1,163		646		10,568		8,903
Net income		$15,916		$12,848		$2,657			$3,238			$3,940		$3,009		$22,513		$19,095
Total assets at period end		$3,058,410		$2,704,109		$53,236			$53,303			$532,831		$559,610		$3,644,477		$3,317,022
Expenditures for long-lived assets	2,010		2,383		201			236			133		62		2,344		2,681

(1) Other noninterest expenses for the Wealth Management Services segment includes $433 thousand of acquisition related expenses for the six months ended June 30, 2015. See Note 19 for additional information.