Call reports 2020
WASHINGTON TRUST COMPANY, OF WESTERLY, THE — 2020
What WASHINGTON TRUST COMPANY, OF WESTERLY, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 5,619,895,000 | 5,876,134,000 | 5,848,437,000 | 5,712,705,000 |
| Total loans | 4,140,454,000 | 4,331,864,000 | 4,350,428,000 | 4,258,123,000 |
| Allowance for loan losses | 39,665,000 | 41,441,000 | 42,645,000 | 44,106,000 |
| Securities available for sale | 917,392,000 | 938,446,000 | 913,850,000 | 894,571,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 84,832,000 | 90,121,000 | 86,499,000 | 75,804,000 |
| Total deposits | 3,724,925,000 | 4,120,145,000 | 4,294,902,000 | 4,380,626,000 |
| Interest-bearing deposits | 3,083,708,000 | 3,285,879,000 | 3,445,510,000 | 3,546,326,000 |
| Noninterest-bearing deposits | 641,217,000 | 834,266,000 | 849,392,000 | 834,300,000 |
| Equity capital | 510,886,000 | 531,562,000 | 547,038,000 | 550,986,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 48,298,000 | 94,510,000 | 139,776,000 | 183,607,000 |
| Interest expense | 15,483,000 | 30,579,000 | 44,055,000 | 55,523,000 |
| Net interest income | 32,815,000 | 63,931,000 | 95,721,000 | 128,084,000 |
| Noninterest income | 19,904,000 | 46,250,000 | 71,720,000 | 99,383,000 |
| Noninterest expense | 30,243,000 | 58,671,000 | 90,844,000 | 124,813,000 |
| Provision for loan losses | 6,773,000 | 8,857,000 | 10,157,000 | 11,736,000 |
| Pretax income | 15,440,000 | 42,274,000 | 66,036,000 | 90,312,000 |
| Income tax | 3,220,000 | 8,819,000 | 14,015,000 | 19,571,000 |
| Net income | 12,220,000 | 33,455,000 | 52,021,000 | 70,741,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 448,346,000 | 471,085,000 | 490,011,000 | 498,583,000 |
| Total capital | 480,463,000 | 504,621,000 | 524,468,000 | 534,288,000 |
| Risk-weighted assets | 4,027,629,000 | 4,031,946,000 | 4,027,047,000 | 3,993,791,000 |