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Business Segments (Tables)
3 Months Ended
Mar. 31, 2016
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,
2016

2015

 
2016

2015

 
2016

2015

 
2016

2015

Net interest income (expense)

$22,607


$20,625

 

($18
)

($14
)
 

$5,146


$5,091

 

$27,735


$25,702

Provision for loan losses
500


 


 


 
500


Net interest income (expense) after provision for loan losses
22,107

20,625

 
(18
)
(14
)
 
5,146

5,091

 
27,235

25,702

Noninterest income
4,940

5,078

 
9,174

8,435

 
520

507

 
14,634

14,020

Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization expense
687

671

 
469

306

 
55

60

 
1,211

1,037

Other noninterest expenses
13,991

13,587

 
6,799

5,915

 
3,449

2,992

 
24,239

22,494

Total noninterest expenses
14,678

14,258

 
7,268

6,221

 
3,504

3,052

 
25,450

23,531

Income before income taxes
12,369

11,445

 
1,888

2,200

 
2,162

2,546

 
16,419

16,191

Income tax expense
4,255

3,730

 
733

844

 
496

607

 
5,484

5,181

Net income

$8,114


$7,715

 

$1,155


$1,356

 

$1,666


$1,939

 

$10,935


$11,010

 
 
 
 
 
 
 
 
 
 
 
 
Total assets at period end

$3,178,248


$3,015,691

 

$64,496


$52,568

 

$595,466


$534,255

 

$3,838,210


$3,602,514

Expenditures for long-lived assets

$1,019


$1,067

 

$84


$114

 

$74


$45

 

$1,177


$1,226