Business Segments (Tables)

12 Months Ended

Dec. 31, 2021

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 business segments.

(Dollars in thousands)
Year ended December 31, 2021	Commercial Banking	Wealth Management Services	Consolidated Total
Net interest income (expense)	$141,493	($58)	$141,435
Provision for credit losses	(4,822)	—	(4,822)
Net interest income (expense) after provision for credit losses	146,315	(58)	146,257
Noninterest income	44,748	42,646	87,394
Noninterest expenses:
Depreciation and amortization expense	2,827	1,474	4,301
Other noninterest expenses	101,029	30,134	131,163
Total noninterest expenses	103,856	31,608	135,464
Income before income taxes	87,207	10,980	98,187
Income tax expense	18,575	2,742	21,317
Net income	$68,632	$8,238	$76,870
Total assets at period end	$5,776,754	$74,373	$5,851,127
Expenditures for long-lived assets	3,246	244	3,490

(Dollars in thousands)
Year ended December 31, 2020	Commercial Banking	Wealth Management Services	Consolidated Total
Net interest income (expense)	$127,545	($101)	$127,444
Provision for loan losses	12,342	—	12,342
Net interest income (expense) after provision for loan losses	115,203	(101)	115,102
Noninterest income	63,612	35,830	99,442
Noninterest expenses:
Depreciation and amortization expense	2,573	1,517	4,090
Other noninterest expenses	91,555	29,739	121,294
Total noninterest expenses	94,128	31,256	125,384
Income before income taxes	84,687	4,473	89,160
Income tax expense	17,989	1,342	19,331
Net income	$66,698	$3,131	$69,829
Total assets at period end	$5,639,669	$73,500	$5,713,169
Expenditures for long-lived assets	3,125	281	3,406

(Dollars in thousands)
Year ended December 31, 2019	Commercial Banking	Wealth Management Services	Consolidated Total
Net interest income (expense)	$133,762	($348)	$133,414
Provision for loan losses	1,575	—	1,575
Net interest income (expense) after provision for loan losses	132,187	(348)	131,839
Noninterest income	29,972	37,108	67,080
Noninterest expenses:
Depreciation and amortization expense	2,681	1,553	4,234
Other noninterest expenses	78,549	27,957	106,506
Total noninterest expenses	81,230	29,510	110,740
Income before income taxes	80,929	7,250	88,179
Income tax expense	17,121	1,940	19,061
Net income	$63,808	$5,310	$69,118
Total assets at period end	$5,219,578	$73,081	$5,292,659
Expenditures for long-lived assets	2,610	522	3,132