Business Segments (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,	2020		2019		2020			2019			2020		2019		2020		2019
Net interest income (expense)		$29,009		$27,302		($67	)		($127	)		$3,660		$7,409		$32,602		$34,584
Provision for credit losses	7,036		650		—			—			—		—		7,036		650
Net interest income (expense) after provision for credit losses	21,973		26,652		(67		)	(127		)	3,660		7,409		25,566		33,934
Noninterest income	10,665		5,455		8,689			9,252			573		660		19,927		15,367
Noninterest expenses:
Depreciation and amortization expense	619		672		354			365			40		40		1,013		1,077
Other noninterest expenses	18,842		15,758		6,846			6,478			3,752		3,651		29,440		25,887
Total noninterest expenses	19,461		16,430		7,200			6,843			3,792		3,691		30,453		26,964
Income before income taxes	13,177		15,677		1,422			2,282			441		4,378		15,040		22,337
Income tax expense	2,764		3,421		356			617			19		804		3,139		4,842
Net income		$10,413		$12,256		$1,066			$1,665			$422		$3,574		$11,901		$17,495
Total assets at period end		$4,367,469		$3,884,052		$74,283			$76,657			$1,179,227		$1,194,020		$5,620,979		$5,154,729
Expenditures for long-lived assets	526		1,300		53			292			49		63		628		1,655