Business Segments (Tables)

3 Months Ended

Mar. 31, 2022

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		Consolidated Total
Three months ended March 31,	2022	2021	2022	2021	2022	2021
Net interest income (expense)	$35,108	$32,885	($17)	($14)	$35,091	$32,871
Provision for credit losses	100	(2,000)	—	—	100	(2,000)
Net interest income (expense) after provision for credit losses	35,008	34,885	(17)	(14)	34,991	34,871
Noninterest income	6,512	14,990	10,647	10,984	17,159	25,974
Noninterest expenses:
Depreciation and amortization expense	711	677	344	377	1,055	1,054
Other noninterest expenses	22,611	26,564	7,553	7,095	30,164	33,659
Total noninterest expenses	23,322	27,241	7,897	7,472	31,219	34,713
Income before income taxes	18,198	22,634	2,733	3,498	20,931	26,132
Income tax expense	3,797	4,835	651	826	4,448	5,661
Net income	$14,401	$17,799	$2,082	$2,672	$16,483	$20,471
Total assets at period end	$5,773,796	$5,646,209	$74,203	$73,180	$5,847,999	$5,719,389
Expenditures for long-lived assets	730	835	104	76	834	911