Business Segments (Tables)

6 Months Ended

Jun. 30, 2017

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,	2017		2016		2017			2016			2017		2016		2017		2016
Net interest income (expense)		$24,633		$21,947		($40	)		($17	)		$5,311		$4,846		$29,904		$26,776
Provision for loan losses	700		450		—			—			—		—		700		450
Net interest income (expense) after provision for loan losses	23,933		21,497		(40		)	(17		)	5,311		4,846		29,204		26,326
Noninterest income	6,347		5,290		9,942			9,481			517		1,143		16,806		15,914
Noninterest expenses:
Depreciation and amortization expense	651		697		414			470			50		57		1,115		1,224
Other noninterest expenses (1)	15,323		15,038		6,848			6,701			3,020		3,067		25,191		24,806
Total noninterest expenses	15,974		15,735		7,262			7,171			3,070		3,124		26,306		26,030
Income before income taxes	14,306		11,052		2,640			2,293			2,758		2,865		19,704		16,210
Income tax expense	4,650		3,767		1,102			871			753		515		6,505		5,153
Net income		$9,656		$7,285		$1,538			$1,422			$2,005		$2,350		$13,199		$11,057
Total assets at period end		$3,346,184		$3,238,789		$66,286			$65,423			$963,059		$612,869		$4,375,529		$3,917,081
Expenditures for long-lived assets	377		306		41			104			96		229		514		639

(1) Other noninterest expenses for the Wealth Management Services segment includes a $150 thousand goodwill impairment charge recognized in the three months endedJune 30, 2017.

(Dollars in thousands)	Commercial Banking				Wealth Management Services						Corporate				Consolidated Total
Six months ended June 30,	2017		2016		2017			2016			2017		2016		2017		2016
Net interest income (expense)		$48,190		$44,554		($72	)		($35	)		$10,465		$9,992		$58,583		$54,511
Provision for loan losses	1,100		950		—			—			—		—		1,100		950
Net interest income (expense) after provision for loan losses	47,090		43,604		(72		)	(35		)	10,465		9,992		57,483		53,561
Noninterest income	10,789		10,230		19,419			18,655			1,108		1,663		31,316		30,548
Noninterest expenses:
Depreciation and amortization expense	1,314		1,384		877			939			102		112		2,293		2,435
Other noninterest expenses (1)	29,930		29,029		13,296			13,500			6,073		6,516		49,299		49,045
Total noninterest expenses	31,244		30,413		14,173			14,439			6,175		6,628		51,592		51,480
Income before income taxes	26,635		23,421		5,174			4,181			5,398		5,027		37,207		32,629
Income tax expense	8,679		8,022		2,080			1,604			1,467		1,011		12,226		10,637
Net income		$17,956		$15,399		$3,094			$2,577			$3,931		$4,016		$24,981		$21,992
Total assets at period end		$3,346,184		$3,238,789		$66,286			$65,423			$963,059		$612,869		$4,375,529		$3,917,081
Expenditures for long-lived assets	750		1,325		343			188			154		303		1,247		1,816

(1) Other noninterest expenses for the Wealth Management Services segment includes a $310 thousand benefit resulting from the reduction of a contingent consideration liability and a $150 thousand goodwill impairment charge recognized in the six months endedJune 30, 2017.