Business Segments (Tables)

9 Months Ended

Sep. 30, 2019

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,	2019		2018		2019			2018			2019		2018		2019		2018
Net interest income (expense)		$28,515		$27,036		($114	)		($90	)		$4,577		$6,503		$32,978		$33,449
Provision for loan losses	400		350		—			—			—		—		400		350
Net interest income (expense) after provision for loan losses	28,115		26,686		(114		)	(90		)	4,577		6,503		32,578		33,099
Noninterest income	8,607		5,174		9,153			9,454			582		587		18,342		15,215
Noninterest expenses:
Depreciation and amortization expense	642		654		360			371			40		44		1,042		1,069
Other noninterest expenses	16,255		15,599		6,217			6,194			3,356		3,200		25,828		24,993
Total noninterest expenses	16,897		16,253		6,577			6,565			3,396		3,244		26,870		26,062
Income before income taxes	19,825		15,607		2,462			2,799			1,763		3,846		24,050		22,252
Income tax expense	4,347		3,344		646			710			243		687		5,236		4,741
Net income		$15,478		$12,263		$1,816			$2,089			$1,520		$3,159		$18,814		$17,511
Total assets at period end		$3,994,458		$3,694,991		$78,812			$69,494			$1,125,608		$1,006,187		$5,198,878		$4,770,672
Expenditures for long-lived assets	662		612		87			14			48		19		797		645

(Dollars in thousands)	Commercial Banking				Wealth Management Services						Corporate				Consolidated Total
Nine months ended September 30,	2019		2018		2019			2018			2019		2018		2019		2018
Net interest income (expense)		$83,684		$79,656		($361	)		($225	)		$18,097		$18,981		$101,420		$98,412
Provision for loan losses	1,575		750		—			—			—		—		1,575		750
Net interest income (expense) after provision for loan losses	82,109		78,906		(361		)	(225		)	18,097		18,981		99,845		97,662
Noninterest income	20,753		15,947		27,961			29,329			1,748		1,675		50,462		46,951
Noninterest expenses:
Depreciation and amortization expense	1,985		1,928		1,089			1,137			118		129		3,192		3,194
Other noninterest expenses	48,676		46,574		19,631			19,986			10,486		9,726		78,793		76,286
Total noninterest expenses	50,661		48,502		20,720			21,123			10,604		9,855		81,985		79,480
Income before income taxes	52,201		46,351		6,880			7,981			9,241		10,801		68,322		65,133
Income tax expense	11,371		9,834		1,845			2,008			1,524		1,895		14,740		13,737
Net income		$40,830		$36,517		$5,035			$5,973			$7,717		$8,906		$53,582		$51,396
Total assets at period end		$3,994,458		$3,694,991		$78,812			$69,494			$1,125,608		$1,006,187		$5,198,878		$4,770,672
Expenditures for long-lived assets	2,259		1,864		379			327			130		129		2,768		2,320