Call reports 2002
WASHINGTON TRUST COMPANY, OF WESTERLY, THE — 2002
What WASHINGTON TRUST COMPANY, OF WESTERLY, THE reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 1,363,978,000 | 1,635,144,000 | 1,685,566,000 | 1,746,194,000 |
| Total loans | 599,253,000 | 744,931,000 | 766,494,000 | 799,692,000 |
| Allowance for loan losses | 13,665,000 | 15,466,000 | 15,660,000 | 15,487,000 |
| Securities available for sale | 455,269,000 | 503,992,000 | 558,536,000 | 553,556,000 |
| Securities held to maturity | 200,327,000 | 230,655,000 | 216,719,000 | 242,277,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 834,935,000 | 1,060,577,000 | 1,112,460,000 | 1,113,269,000 |
| Interest-bearing deposits | 734,672,000 | 922,660,000 | 958,153,000 | 976,775,000 |
| Noninterest-bearing deposits | 100,263,000 | 137,917,000 | 154,307,000 | 136,494,000 |
| Equity capital | 96,978,000 | 119,444,000 | 122,965,000 | 126,581,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 19,714,000 | 42,387,000 | 65,250,000 | 87,338,000 |
| Interest expense | 10,331,000 | 21,382,000 | 32,307,000 | 43,057,000 |
| Net interest income | 9,383,000 | 21,005,000 | 32,943,000 | 44,281,000 |
| Noninterest income | 4,937,000 | 10,361,000 | 16,447,000 | 22,659,000 |
| Noninterest expense | 9,163,000 | 20,658,000 | 31,992,000 | 43,068,000 |
| Provision for loan losses | 100,000 | 200,000 | 300,000 | 400,000 |
| Pretax income | 5,348,000 | 11,180,000 | 17,718,000 | 24,150,000 |
| Income tax | 1,604,000 | 3,412,000 | 5,439,000 | 7,393,000 |
| Net income | 3,744,000 | 7,768,000 | 12,279,000 | 16,757,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 90,406,000 | 86,176,000 | 89,200,000 | 91,951,000 |
| Total capital | 102,350,000 | 99,168,000 | 101,554,000 | 105,105,000 |
| Risk-weighted assets | 729,364,000 | 869,819,000 | 897,942,000 | 928,780,000 |