Business Segments (Tables)

9 Months Ended

Sep. 30, 2016

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 September 30,	2016		2015		2016			2015			2016		2015		2016		2015
Net interest income (expense)		$22,860		$21,278		($11	)		($15	)		$4,530		$4,734		$27,379		$25,997
Provision for loan losses	1,800		200		—			—			—		—		1,800		200
Net interest income (expense) after provision for loan losses	21,060		21,078		(11		)	(15		)	4,530		4,734		25,579		25,797
Noninterest income	7,101		4,498		9,623			8,902			537		513		17,261		13,913
Noninterest expenses:
Depreciation and amortization expense	709		626		501			404			58		50		1,268		1,080
Other noninterest expenses (1)	14,759		13,805		5,584			6,820			3,039		2,833		23,382		23,458
Total noninterest expenses	15,468		14,431		6,085			7,224			3,097		2,883		24,650		24,538
Income before income taxes	12,693		11,145		3,527			1,663			1,970		2,364		18,190		15,172
Income tax expense	4,392		3,747		1,261			688			210		529		5,863		4,964
Net income		$8,301		$7,398		$2,266			$975			$1,760		$1,835		$12,327		$10,208
Total assets at period end		$3,617,967		$3,074,611		$53,236			$62,461			$532,831		$537,764		$4,204,034		$3,674,836
Expenditures for long-lived assets	424		1,006		280			51			58		61		762		1,118

(1) Other noninterest expenses for the Wealth Management Services segment includes a $939 thousand benefit resulting from the reduction of a contingent consideration liability in the three months ended September 30, 2016 and $504 thousand of acquisition related expenses in the three months endedSeptember 30, 2015.

(Dollars in thousands)	Commercial Banking				Wealth Management Services						Corporate				Consolidated Total
Nine months ended September 30,	2016		2015		2016			2015			2016		2015		2016		2015
Net interest income (expense)		$67,414		$63,115		($46	)		($38	)		$14,522		$14,650		$81,890		$77,727
Provision for loan losses	2,750		300		—			—			—		—		2,750		300
Net interest income (expense) after provision for loan losses	64,664		62,815		(46		)	(38		)	14,522		14,650		79,140		77,427
Noninterest income	17,331		15,164		28,278			26,249			2,200		1,781		47,809		43,194
Noninterest expenses:
Depreciation and amortization expense	2,093		1,936		1,440			1,009			170		161		3,703		3,106
Other noninterest expenses (1)	43,788		41,259		19,084			19,200			9,555		8,803		72,427		69,262
Total noninterest expenses	45,881		43,195		20,524			20,209			9,725		8,964		76,130		72,368
Income before income taxes	36,114		34,784		7,708			6,002			6,997		7,467		50,819		48,253
Income tax expense	12,336		10,878		2,788			2,682			1,376		1,972		16,500		15,532
Net income		$23,778		$23,906		$4,920			$3,320			$5,621		$5,495		$34,319		$32,721
Total assets at period end		$3,617,967		$3,074,611		$53,236			$62,461			$532,831		$537,764		$4,204,034		$3,674,836
Expenditures for long-lived assets	1,779		2,774		468			252			361		194		2,608		3,220

(1) Other noninterest expenses for the Wealth Management Services segment includes a $898 thousand benefit resulting from the reduction of a contingent consideration liability in the nine months ended September 30, 2016 and $937 thousand of acquisition related expenses in the nine months endedSeptember 30, 2015.