Call reports 2024
WASHINGTON TRUST COMPANY, OF WESTERLY, THE — 2024
What WASHINGTON TRUST COMPANY, OF WESTERLY, THE reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 7,248,984,000 | 7,189,163,000 | 7,145,260,000 | 6,935,621,000 |
| Total loans | 5,711,194,000 | 5,655,720,000 | 5,536,398,000 | 5,442,055,000 |
| Allowance for loan losses | 41,905,000 | 42,378,000 | 42,630,000 | 41,960,000 |
| Securities available for sale | 970,060,000 | 951,828,000 | 973,266,000 | 916,305,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 61,469,000 | 60,358,000 | 36,208,000 | 51,115,000 |
| Total deposits | 5,353,352,000 | 4,980,749,000 | 5,176,998,000 | 5,121,852,000 |
| Interest-bearing deposits | 4,699,463,000 | 4,330,960,000 | 4,506,833,000 | 4,454,653,000 |
| Noninterest-bearing deposits | 653,889,000 | 649,789,000 | 670,165,000 | 667,199,000 |
| Equity capital | 482,915,000 | 487,079,000 | 518,231,000 | 516,566,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 91,783,000 | 184,251,000 | 278,185,000 | 365,063,000 |
| Interest expense | 59,713,000 | 120,192,000 | 181,460,000 | 235,022,000 |
| Net interest income | 32,070,000 | 64,059,000 | 96,725,000 | 130,041,000 |
| Noninterest income | 17,150,000 | 33,793,000 | 50,033,000 | 3,269,000 |
| Noninterest expense | 34,206,000 | 67,949,000 | 102,314,000 | 136,505,000 |
| Provision for loan losses | 900,000 | 1,400,000 | 1,700,000 | 2,900,000 |
| Pretax income | 14,314,000 | 28,703,000 | 43,044,000 | -36,642,000 |
| Income tax | 2,943,000 | 6,079,000 | 9,036,000 | -10,303,000 |
| Net income | 11,371,000 | 22,624,000 | 34,008,000 | -26,339,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 567,209,000 | 568,941,000 | 571,079,000 | 571,572,000 |
| Total capital | 608,485,000 | 610,690,000 | 612,980,000 | 612,603,000 |
| Risk-weighted assets | 5,286,692,000 | 5,220,603,000 | 5,065,621,000 | 4,951,873,000 |