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Business Segments (Tables)
12 Months Ended
Dec. 31, 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)
 
 
 
 
Year ended December 31, 2016
Commercial
Banking
Wealth
Management
Services
Corporate
Consolidated
Total
Net interest income (expense)

$91,221


($66
)

$19,323


$110,478

Provision for loan losses
5,650



5,650

Net interest income (expense) after provision for loan losses
85,571

(66
)
19,323

104,828

Noninterest income
24,783

37,569

2,777

65,129

Noninterest expenses:
 
 
 
 
Depreciation and amortization expense
2,771

1,940

224

4,935

Other noninterest expenses
58,452

25,239

12,477

96,168

Total noninterest expenses
61,223

27,179

12,701

101,103

Income before income taxes
49,131

10,324

9,399

68,854

Income tax expense
16,790

3,692

1,891

22,373

Net income

$32,341


$6,632


$7,508


$46,481

 
 
 
 
 
Total assets at period end

$3,354,633


$64,625


$961,857


$4,381,115

Expenditures for long-lived assets
2,267

464

381

3,112


(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

$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