Call reports 2003
WASHINGTON TRUST COMPANY, OF WESTERLY, THE — 2003
What WASHINGTON TRUST COMPANY, OF WESTERLY, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 1,816,908,000 | 1,839,954,000 | 1,931,604,000 | 1,974,166,000 |
| Total loans | 822,715,000 | 834,006,000 | 924,095,000 | 963,467,000 |
| Allowance for loan losses | 15,495,000 | 15,742,000 | 15,813,000 | 15,914,000 |
| Securities available for sale | 578,260,000 | 621,172,000 | 658,732,000 | 673,845,000 |
| Securities held to maturity | 264,047,000 | 225,729,000 | 185,758,000 | 165,576,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,124,213,000 | 1,138,839,000 | 1,187,495,000 | 1,208,275,000 |
| Interest-bearing deposits | 975,087,000 | 980,229,000 | 1,015,292,000 | 1,039,553,000 |
| Noninterest-bearing deposits | 149,126,000 | 158,610,000 | 172,203,000 | 168,722,000 |
| Equity capital | 129,226,000 | 133,348,000 | 134,300,000 | 136,589,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 21,725,000 | 43,481,000 | 64,204,000 | 86,245,000 |
| Interest expense | 9,797,000 | 19,270,000 | 28,266,000 | 37,446,000 |
| Net interest income | 11,928,000 | 24,211,000 | 35,938,000 | 48,799,000 |
| Noninterest income | 5,926,000 | 12,881,000 | 20,331,000 | 26,220,000 |
| Noninterest expense | 11,100,000 | 23,949,000 | 36,142,000 | 47,747,000 |
| Provision for loan losses | 100,000 | 260,000 | 360,000 | 460,000 |
| Pretax income | 6,884,000 | 13,513,000 | 20,397,000 | 27,442,000 |
| Income tax | 2,134,000 | 4,189,000 | 6,333,000 | 8,519,000 |
| Net income | 4,750,000 | 9,324,000 | 14,064,000 | 18,923,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 95,474,000 | 98,844,000 | 102,405,000 | 105,873,000 |
| Total capital | 109,129,000 | 113,364,000 | 117,829,000 | 122,763,000 |
| Risk-weighted assets | 972,409,000 | 979,586,000 | 1,040,639,000 | 1,073,335,000 |