Business Segments (Tables)

9 Months Ended

Sep. 30, 2018

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 September 30,	2018		2017		2018			2017			2018		2017		2018		2017
Net interest income (expense)		$27,036		$24,795		($90	)		($48	)		$6,503		$5,312		$33,449		$30,059
Provision for loan losses	350		1,300		—			—			—		—		350		1,300
Net interest income (expense) after provision for loan losses	26,686		23,495		(90		)	(48		)	6,503		5,312		33,099		28,759
Noninterest income	5,174		6,711		9,454			10,013			587		559		15,215		17,283
Noninterest expenses:
Depreciation and amortization expense	654		646		371			411			44		50		1,069		1,107
Other noninterest expenses	15,599		15,834		6,194			6,810			3,200		3,003		24,993		25,647
Total noninterest expenses	16,253		16,480		6,565			7,221			3,244		3,053		26,062		26,754
Income before income taxes	15,607		13,726		2,799			2,744			3,846		2,818		22,252		19,288
Income tax expense	3,344		4,463		710			1,092			687		771		4,741		6,326
Net income		$12,263		$9,263		$2,089			$1,652			$3,159		$2,047		$17,511		$12,962
Total assets at period end		$3,694,991		$3,486,783		$69,494			$63,600			$1,006,187		$918,847		$4,770,672		$4,469,230
Expenditures for long-lived assets	612		890		14			25			19		22		645		937

(Dollars in thousands)	Commercial Banking				Wealth Management Services						Corporate				Consolidated Total
Nine months ended September 30,	2018		2017		2018			2017			2018		2017		2018		2017
Net interest income (expense)		$79,656		$72,985		($225	)		($120	)		$18,981		$15,777		$98,412		$88,642
Provision for loan losses	750		2,400		—			—			—		—		750		2,400
Net interest income (expense) after provision for loan losses	78,906		70,585		(225		)	(120		)	18,981		15,777		97,662		86,242
Noninterest income	15,947		17,500		29,329			29,432			1,675		1,667		46,951		48,599
Noninterest expenses:
Depreciation and amortization expense	1,928		1,960		1,137			1,288			129		152		3,194		3,400
Other noninterest expenses	46,574		45,764		19,986			20,106			9,726		9,076		76,286		74,946
Total noninterest expenses	48,502		47,724		21,123			21,394			9,855		9,228		79,480		78,346
Income before income taxes	46,351		40,361		7,981			7,918			10,801		8,216		65,133		56,495
Income tax expense	9,834		13,142		2,008			3,172			1,895		2,238		13,737		18,552
Net income		$36,517		$27,219		$5,973			$4,746			$8,906		$5,978		$51,396		$37,943
Total assets at period end		$3,694,991		$3,486,783		$69,494			$63,600			$1,006,187		$918,847		$4,770,672		$4,469,230
Expenditures for long-lived assets	1,864		1,640		327			368			129		176		2,320		2,184