Call reports 2023
WASHINGTON TRUST COMPANY, OF WESTERLY, THE — 2023
What WASHINGTON TRUST COMPANY, OF WESTERLY, THE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 6,859,196,000 | 7,011,618,000 | 7,183,158,000 | 7,202,606,000 |
| Total loans | 5,235,791,000 | 5,402,397,000 | 5,622,220,000 | 5,668,262,000 |
| Allowance for loan losses | 38,780,000 | 39,343,000 | 40,213,000 | 41,057,000 |
| Securities available for sale | 1,054,747,000 | 1,022,458,000 | 958,990,000 | 1,000,380,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 52,747,000 | 66,295,000 | 80,275,000 | 51,695,000 |
| Total deposits | 5,276,056,000 | 5,330,031,000 | 5,431,113,000 | 5,353,450,000 |
| Interest-bearing deposits | 4,439,102,000 | 4,556,635,000 | 4,642,832,000 | 4,654,855,000 |
| Noninterest-bearing deposits | 836,954,000 | 773,396,000 | 788,281,000 | 698,595,000 |
| Equity capital | 469,913,000 | 464,699,000 | 447,011,000 | 488,751,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 74,031,000 | 155,351,000 | 242,652,000 | 333,281,000 |
| Interest expense | 36,484,000 | 83,930,000 | 137,076,000 | 194,639,000 |
| Net interest income | 37,547,000 | 71,421,000 | 105,576,000 | 138,642,000 |
| Noninterest income | 13,272,000 | 27,586,000 | 42,800,000 | 56,353,000 |
| Noninterest expense | 33,307,000 | 66,198,000 | 100,431,000 | 132,836,000 |
| Provision for loan losses | 800,000 | 1,400,000 | 2,300,000 | 3,550,000 |
| Pretax income | 16,712,000 | 31,309,000 | 45,945,000 | 58,959,000 |
| Income tax | 3,426,000 | 6,381,000 | 9,422,000 | 8,847,000 |
| Net income | 13,286,000 | 24,928,000 | 36,523,000 | 50,112,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 548,263,000 | 550,277,000 | 562,657,000 | 567,029,000 |
| Total capital | 584,596,000 | 587,273,000 | 600,123,000 | 605,289,000 |
| Risk-weighted assets | 5,009,037,000 | 5,108,579,000 | 5,282,174,000 | 5,276,634,000 |