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Business Segments (Tables)
12 Months Ended
Dec. 31, 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)
 
 
 
 
 
 
 
Year ended December 31, 2015
Commercial
Banking
 
Wealth
Management
Services
 
Corporate
 
Consolidated
Total
Net interest income (expense)

$84,757

 

($47
)
 

$19,272

 

$103,982

Provision for loan losses
1,050

 

 

 
1,050

Net interest income (expense) after provision for loan losses
83,707

 
(47
)
 
19,272

 
102,932

Noninterest income
20,618

 
35,416

 
2,306

 
58,340

Noninterest expenses:
 
 
 
 
 
 
 
Depreciation and amortization expense
2,584

 
1,488

 
213

 
4,285

Other noninterest expenses
55,203

 
25,632

 
11,809

 
92,644

Total noninterest expenses
57,787

 
27,120

 
12,022

 
96,929

Income before income taxes
46,538

 
8,249

 
9,556

 
64,343

Income tax expense
15,330

 
3,475

 
2,073

 
20,878

Net income

$31,208

 

$4,774

 

$7,483

 

$43,465

 
 
 
 
 
 
 
 
Total assets at period end

$3,152,231

 

$63,801

 

$555,572

 

$3,771,604

Expenditures for long-lived assets
4,714

 
411

 
354

 
5,479


(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