Business Segments (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019	Commercial Banking		Wealth Management Services			Corporate		Consolidated Total
Net interest income (expense)		$112,414		($438	)		$21,438		$133,414
Provision for loan losses	1,575		—			—		1,575
Net interest income (expense) after provision for loan losses	110,839		(438		)	21,438		131,839
Noninterest income	27,857		36,856			2,367		67,080
Noninterest expenses:
Depreciation and amortization expense	2,630		1,445			159		4,234
Other noninterest expenses	66,517		26,057			13,932		106,506
Total noninterest expenses	69,147		27,502			14,091		110,740
Income before income taxes	69,549		8,916			9,714		88,179
Income tax expense	15,189		2,308			1,564		19,061
Net income		$54,360		$6,608			$8,150		$69,118
Total assets at period end		$4,070,594		$74,990			$1,147,075		$5,292,659
Expenditures for long-lived assets	2,521		445			166		3,132

(Dollars in thousands)
Year ended December 31, 2018	Commercial Banking		Wealth Management Services			Corporate		Consolidated Total
Net interest income (expense)		$106,668		($334	)		$25,956		$132,290
Provision for loan losses	1,550		—			—		1,550
Net interest income (expense) after provision for loan losses	105,118		(334		)	25,956		130,740
Noninterest income	21,509		38,341			2,264		62,114
Noninterest expenses:
Depreciation and amortization expense	2,589		1,501			171		4,261
Other noninterest expenses	62,673		26,222			13,006		101,901
Total noninterest expenses	65,262		27,723			13,177		106,162
Income before income taxes	61,365		10,284			15,043		86,692
Income tax expense	13,149		2,577			2,534		18,260
Net income		$48,216		$7,707			$12,509		$68,432
Total assets at period end		$3,804,021		$71,254			$1,135,491		$5,010,766
Expenditures for long-lived assets	3,415		407			152		3,974

(Dollars in thousands)
Year ended December 31, 2017	Commercial Banking		Wealth Management Services			Corporate		Consolidated Total
Net interest income (expense)		$98,736		($167	)		$20,962		$119,531
Provision for loan losses	2,600		—			—		2,600
Net interest income (expense) after provision for loan losses	96,136		(167		)	20,962		116,931
Noninterest income	23,244		39,346			2,219		64,809
Noninterest expenses:
Depreciation and amortization expense	2,604		1,689			196		4,489
Other noninterest expenses	60,828		26,718			12,065		99,611
Total noninterest expenses	63,432		28,407			12,261		104,100
Income before income taxes	55,948		10,772			10,920		77,640
Income tax expense	23,876		3,795			4,044		31,715
Net income		$32,072		$6,977			$6,876		$45,925
Total assets at period end		$3,491,845		$66,083			$971,922		$4,529,850
Expenditures for long-lived assets	2,224		360			195		2,779