Business Segments (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020	Commercial Banking	Wealth Management Services	Corporate	Consolidated Total
Net interest income (expense)	$128,600	($141)	($1,015)	$127,444
Provision for credit losses	12,342	—	—	12,342
Net interest income (expense) after provision for credit losses	116,258	(141)	(1,015)	115,102
Noninterest income	61,463	35,454	2,525	99,442
Noninterest expenses:
Depreciation and amortization expense	2,512	1,412	166	4,090
Other noninterest expenses	77,157	27,367	16,770	121,294
Total noninterest expenses	79,669	28,779	16,936	125,384
Income (loss) before income taxes	98,052	6,534	(15,426)	89,160
Income tax expense (benefit)	21,216	1,746	(3,631)	19,331
Net income (loss)	$76,836	$4,788	($11,795)	$69,829
Total assets at period end	$4,501,875	$74,958	$1,136,336	$5,713,169
Expenditures for long-lived assets	3,097	158	151	3,406

(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