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Business Segments
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Business Segments Business Segments
The Corporation manages its operations through two reportable business segments, consisting of Commercial Banking and Wealth Management Services.

Management uses an allocation methodology to allocate income and expenses to the business lines. Direct activities are assigned to the appropriate business segment to which the activity relates. Indirect activities, such as corporate, technology and other support functions, are allocated to business segments primarily based upon full-time equivalent employee computations.

Commercial Banking
The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of ATMs, telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities.

Wealth Management Services
The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative, custodian and guardian; settlement of decedents’ estates; and institutional trust services, including custody and fiduciary services.

The following table presents the statement of operations and total assets for Washington Trust’s reportable segments:
(Dollars in thousands)Commercial BankingWealth Management ServicesConsolidated Total
Three months ended September 30, 202220212022202120222021
Net interest income (expense)$42,038 $36,085 $4 ($15)$42,042 $36,070 
Provision for credit losses800 — — — 800 — 
Net interest income (expense) after provision for credit losses41,238 36,085 4 (15)41,242 36,070 
Noninterest income6,043 9,962 9,760 10,558 15,803 20,520 
Noninterest expenses:
Depreciation and amortization expense751 740 348 365 1,099 1,105 
Other noninterest expenses23,995 23,538 7,973 7,877 31,968 31,415 
Total noninterest expenses24,746 24,278 8,321 8,242 33,067 32,520 
Income before income taxes22,535 21,769 1,443 2,301 23,978 24,070 
Income tax expense4,878 4,725 432 594 5,310 5,319 
Net income$17,657 $17,044 $1,011 $1,707 $18,668 $18,751 
Total assets at period end$6,332,986 $5,929,230 $75,065 $73,413 $6,408,051 $6,002,643 
Expenditures for long-lived assets1,206 310 137 28 1,343 338 
(Dollars in thousands)Commercial BankingWealth Management ServicesConsolidated Total
Nine months ended September 30, 202220212022202120222021
Net interest income (expense)$114,709 $103,737 ($61)($42)$114,648 $103,695 
Provision for credit losses(2,100)(2,000)— — (2,100)(2,000)
Net interest income (expense) after provision for credit losses116,809 105,737 (61)(42)116,748 105,695 
Noninterest income 18,174 35,032 30,640 32,055 48,814 67,087 
Noninterest expenses:
Depreciation and amortization expense2,168 2,105 1,034 1,118 3,202 3,223 
Other noninterest expenses69,110 74,425 23,051 22,597 92,161 97,022 
Total noninterest expenses71,278 76,530 24,085 23,715 95,363 100,245 
Income before income taxes63,705 64,239 6,494 8,298 70,199 72,537 
Income tax expense13,423 13,810 1,668 2,045 15,091 15,855 
Net income$50,282 $50,429 $4,826 $6,253 $55,108 $56,682 
Total assets at period end$6,332,986 $5,929,230 $75,065 $73,413 $6,408,051 $6,002,643 
Expenditures for long-lived assets3,494 2,027 330 139 3,824 2,166