Business Segments (Tables)

3 Months Ended

Mar. 31, 2021

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,	2021	2020	2021	2020	2021	2020	2021	2020
Net interest income (expense)	$34,520	$29,009	($23)	($67)	($1,626)	$3,660	$32,871	$32,602
Provision for credit losses	(2,000)	7,036	—	—	—	—	(2,000)	7,036
Net interest income (expense) after provision for credit losses	36,520	21,973	(23)	(67)	(1,626)	3,660	34,871	25,566
Noninterest income	14,515	10,665	10,895	8,689	564	573	25,974	19,927
Noninterest expenses:
Depreciation and amortization expense	657	619	351	354	46	40	1,054	1,013
Other noninterest expenses	20,001	18,842	6,386	6,846	7,272	3,752	33,659	29,440
Total noninterest expenses	20,658	19,461	6,737	7,200	7,318	3,792	34,713	30,453
Income (loss) before income taxes	30,377	13,177	4,135	1,422	(8,380)	441	26,132	15,040
Income tax expense (benefit)	6,592	2,764	954	356	(1,885)	19	5,661	3,139
Net income (loss)	$23,785	$10,413	$3,181	$1,066	($6,495)	$422	$20,471	$11,901
Total assets at period end	$4,491,675	$4,367,469	$74,902	$74,283	$1,152,812	$1,179,227	$5,719,389	$5,620,979
Expenditures for long-lived assets	835	526	58	53	18	49	911	628