Call reports 2008
WASHINGTON TRUST COMPANY, OF WESTERLY, THE — 2008
What WASHINGTON TRUST COMPANY, OF WESTERLY, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 2,564,101,000 | 2,732,128,000 | 2,766,179,000 | 2,963,617,000 |
| Total loans | 1,600,436,000 | 1,708,361,000 | 1,770,114,000 | 1,841,697,000 |
| Allowance for loan losses | 20,724,000 | 21,963,000 | 22,631,000 | 23,725,000 |
| Securities available for sale | 748,132,000 | 791,168,000 | 754,187,000 | 867,909,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,635,728,000 | 1,610,269,000 | 1,737,779,000 | 1,791,729,000 |
| Interest-bearing deposits | 1,469,203,000 | 1,421,676,000 | 1,549,412,000 | 1,618,098,000 |
| Noninterest-bearing deposits | 166,525,000 | 188,593,000 | 188,367,000 | 173,631,000 |
| Equity capital | 213,857,000 | 218,781,000 | 223,008,000 | 268,243,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 34,925,000 | 68,958,000 | 104,293,000 | 140,659,000 |
| Interest expense | 19,406,000 | 36,703,000 | 54,851,000 | 73,053,000 |
| Net interest income | 15,519,000 | 32,255,000 | 49,442,000 | 67,606,000 |
| Noninterest income | 10,883,000 | 22,968,000 | 34,481,000 | 44,052,000 |
| Noninterest expense | 16,898,000 | 34,847,000 | 53,240,000 | 71,107,000 |
| Provision for loan losses | 450,000 | 1,850,000 | 2,950,000 | 4,800,000 |
| Pretax income | 9,009,000 | 18,428,000 | 26,653,000 | 32,039,000 |
| Income tax | 2,870,000 | 5,855,000 | 7,668,000 | 8,170,000 |
| Net income | 6,139,000 | 12,573,000 | 18,985,000 | 23,869,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 150,192,000 | 164,090,000 | 171,473,000 | 213,547,000 |
| Total capital | 170,450,000 | 185,701,000 | 193,878,000 | 237,023,000 |
| Risk-weighted assets | 1,616,975,000 | 1,728,239,000 | 1,791,876,000 | 1,877,513,000 |