Business Segments (Tables)

3 Months Ended

Mar. 31, 2023

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,	2023	2022	2023	2022	2023	2022
Net interest income (expense)	$37,180	$35,108	$13	($17)	$37,193	$35,091
Provision for credit losses	800	100	—	—	800	100
Net interest income (expense) after provision for credit losses	36,380	35,008	13	(17)	36,393	34,991
Noninterest income	4,431	6,512	8,852	10,647	13,283	17,159
Noninterest expenses:
Depreciation and amortization expense	831	711	356	344	1,187	1,055
Other noninterest expenses	24,635	22,611	7,742	7,553	32,377	30,164
Total noninterest expenses	25,466	23,322	8,098	7,897	33,564	31,219
Income before income taxes	15,345	18,198	767	2,733	16,112	20,931
Income tax expense	3,087	3,797	213	651	3,300	4,448
Net income	$12,258	$14,401	$554	$2,082	$12,812	$16,483
Total assets at period end	$6,785,254	$5,773,796	$73,928	$74,203	$6,859,182	$5,847,999
Expenditures for long-lived assets	1,136	730	8	104	1,144	834