Washington Trust Bank Mortgage Rates, Fees & Info
Spokane, WA
LEI: 549300P2GEYNMH5OQA71
Tax ID: 91-0462347
5 stars
-
out of 5 stars, based on 54 reviews
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Mortgage Data
Bank Data
Overview
Washington Trust Bank is a
small
bank
specializing in
Cash Out Refi, Refi, and Home Purchase loans.
Washington Trust Bank has a high proportion of conventional loans.
They have a a low proportion of FHA loans. (This may mean they shy away from
first time homebuyers.)
They have a low ratio of USDA loans.
Their top markets include Spokane, Seattle, Boise City, Sandpoint, and Moses Lake among others. Washington Trust Bank has
an average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Washington Trust Bank is typically
an average fee
lendor.
Originations
2,970
Origination Dollar Volume (All Markets)
$1,064,410,000
Employee count
1,084
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Washington Trust Bank - 2021
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Relative Rate
Washington Trust Bank's average 30 year fixed rate mortgage of loans were
3.08%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.07%.
Relative Fees
Washington Trust Bank's average total fees for a 30 year fixed rate
mortgage are $4,236.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA)
|
1,277
|
$332,625,000 |
$260,474 |
$3,656 |
3.35% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)
|
296
|
$228,400,000 |
$771,622 |
$4,248 |
3.45% |
BOISE CITY, ID (FHA|USDA|VA)
|
322
|
$103,330,000 |
$320,901 |
$4,459 |
3.44% |
Outside of Metro Areas
|
250 |
$77,080,000 |
$308,320 |
$4,474 |
3.35% |
Sandpoint, ID (FHA|USDA|VA)
|
90
|
$29,280,000 |
$325,333 |
$5,680 |
3.46% |
Moses Lake, WA (FHA|USDA|VA)
|
88
|
$28,030,000 |
$318,523 |
$3,283 |
3.36% |
WENATCHEE, WA (FHA|USDA|VA)
|
103
|
$26,315,000 |
$255,485 |
$3,527 |
3.28% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)
|
52
|
$22,780,000 |
$438,077 |
$5,058 |
3.37% |
Pullman, WA (FHA|USDA|VA)
|
73
|
$21,515,000 |
$294,726 |
$3,719 |
3.19% |
Outside of Metro Areas
|
64 |
$21,320,000 |
$333,125 |
$4,450 |
3.36% |
Hailey, ID (FHA|USDA|VA)
|
12
|
$20,510,000 |
$1,709,167 |
$9,030 |
3.40% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
23
|
$14,605,000 |
$635,000 |
$5,529 |
3.36% |
KENNEWICK-RICHLAND, WA (FHA|USDA|VA)
|
48
|
$13,520,000 |
$281,667 |
$3,590 |
2.98% |
Moscow, ID (FHA|USDA|VA)
|
35
|
$10,395,000 |
$297,000 |
$4,824 |
3.41% |
Ellensburg, WA (FHA|USDA|VA)
|
14
|
$9,270,000 |
$662,143 |
$4,204 |
3.34% |
BEND, OR (FHA|USDA|VA)
|
16
|
$8,690,000 |
$543,125 |
$5,176 |
3.26% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)
|
7
|
$6,695,000 |
$956,429 |
$7,481 |
3.61% |
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA)
|
3
|
$6,525,000 |
$2,175,000 |
$5,567 |
3.79% |
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA)
|
20
|
$6,460,000 |
$323,000 |
$5,574 |
2.97% |
Hilo, HI (FHA|USDA|VA)
|
4
|
$6,100,000 |
$1,525,000 |
$3,383 |
3.28% |
SALEM, OR (FHA|USDA|VA)
|
17
|
$5,405,000 |
$317,941 |
$6,222 |
3.08% |
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA)
|
8
|
$5,190,000 |
$648,750 |
$4,329 |
3.50% |
LEWISTON, ID-WA (FHA|USDA|VA)
|
17
|
$5,145,000 |
$302,647 |
$6,386 |
3.26% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)
|
5
|
$4,375,000 |
$875,000 |
$3,231 |
3.33% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)
|
4
|
$3,980,000 |
$995,000 |
$3,634 |
3.09% |
Kalispell, MT (FHA|USDA|VA)
|
5
|
$3,545,000 |
$709,000 |
$5,619 |
3.18% |
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA)
|
8
|
$3,490,000 |
$436,250 |
$4,398 |
3.42% |
WALLA WALLA, WA (FHA|USDA|VA)
|
7
|
$2,745,000 |
$392,143 |
$3,132 |
3.04% |
YAKIMA, WA (FHA|USDA|VA)
|
9
|
$2,745,000 |
$305,000 |
$3,324 |
3.43% |
BELLINGHAM, WA (FHA|USDA|VA)
|
4
|
$2,120,000 |
$530,000 |
$4,116 |
3.34% |
Oak Harbor, WA (FHA|USDA|VA)
|
4
|
$2,030,000 |
$507,500 |
$3,842 |
3.59% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)
|
2
|
$2,020,000 |
$1,010,000 |
$3,851 |
3.50% |
TUCSON, AZ (FHA|USDA|VA)
|
3
|
$1,655,000 |
$551,667 |
$4,960 |
3.13% |
Edwards, CO (FHA|USDA|VA)
|
1
|
$1,505,000 |
$1,505,000 |
$4,891 |
3.63% |
GRANTS PASS, OR (FHA|USDA|VA)
|
2
|
$1,390,000 |
$695,000 |
$7,783 |
3.19% |
MEDFORD, OR (FHA|USDA|VA)
|
5
|
$1,335,000 |
$267,000 |
$3,855 |
3.00% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)
|
3
|
$1,315,000 |
$438,333 |
$4,228 |
2.83% |
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA)
|
4
|
$1,140,000 |
$285,000 |
$3,565 |
2.78% |
CORVALLIS, OR (FHA|USDA|VA)
|
3
|
$1,035,000 |
$345,000 |
$4,528 |
2.96% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
1
|
$1,005,000 |
$1,005,000 |
$9,759 |
3.75% |
MORRISTOWN, TN (FHA|USDA|VA)
|
1
|
$995,000 |
$995,000 |
$5,696 |
3.00% |
MISSOULA, MT (FHA|USDA|VA)
|
1
|
$935,000 |
$935,000 |
$6,809 |
3.88% |
Othello, WA (FHA|USDA|VA)
|
7
|
$895,000 |
$127,857 |
$3,683 |
2.77% |
TWIN FALLS, ID (FHA|USDA|VA)
|
4
|
$830,000 |
$207,500 |
$2,850 |
3.12% |
Hermiston-Pendleton, OR (FHA|USDA|VA)
|
3
|
$795,000 |
$265,000 |
$4,951 |
2.88% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)
|
2
|
$780,000 |
$390,000 |
$0 |
4.88% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
2
|
$710,000 |
$355,000 |
$6,531 |
3.63% |
Astoria, OR (FHA|USDA|VA)
|
1
|
$705,000 |
$705,000 |
$4,356 |
3.25% |
Bozeman, MT (FHA|USDA|VA)
|
1
|
$665,000 |
$665,000 |
$3,128 |
3.24% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)
|
1
|
$655,000 |
$655,000 |
$2,533 |
3.13% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
2
|
$610,000 |
$305,000 |
$4,273 |
3.06% |
Kapaa, HI (FHA|USDA|VA)
|
1
|
$585,000 |
$585,000 |
$0 |
4.25% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)
|
1
|
$515,000 |
$515,000 |
$3,934 |
2.75% |
FORT COLLINS, CO (FHA|USDA|VA)
|
1
|
$505,000 |
$505,000 |
$8,883 |
2.99% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA)
|
2
|
$500,000 |
$250,000 |
$2,913 |
3.75% |
Butte-Silver Bow, MT (FHA|USDA|VA)
|
1
|
$475,000 |
$475,000 |
$4,955 |
3.13% |
VALLEJO, CA (FHA|USDA|VA)
|
1
|
$475,000 |
$475,000 |
$3,100 |
2.63% |
Riverton, WY (FHA|USDA|VA)
|
1
|
$445,000 |
$445,000 |
$19,191 |
2.75% |
Ontario, OR-ID (FHA|USDA|VA)
|
3
|
$395,000 |
$131,667 |
$2,047 |
3.92% |
ANCHORAGE, AK (FHA|USDA|VA)
|
1
|
$385,000 |
$385,000 |
$3,721 |
2.88% |
Shelton, WA (FHA|USDA|VA)
|
1
|
$375,000 |
$375,000 |
$2,990 |
3.38% |
Concord, NH (FHA|USDA|VA)
|
1
|
$335,000 |
$335,000 |
$2,386 |
2.63% |
YUBA CITY, CA (FHA|USDA|VA)
|
1
|
$335,000 |
$335,000 |
$3,625 |
3.38% |
Newport, OR (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$3,268 |
2.99% |
Roseburg, OR (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$4,667 |
2.99% |
Aberdeen, WA (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$4,466 |
2.75% |
CHAMPAIGN-URBANA, IL (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$0 |
4.25% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$4,122 |
3.13% |
Rexburg, ID (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$4,139 |
3.25% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$4,643 |
2.13% |
CHICO, CA (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$3,949 |
2.38% |
LOGAN, UT-ID (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$3,875 |
3.63% |
YUMA, AZ (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$4,893 |
2.75% |
STOCKTON, CA (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$3,209 |
2.88% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$3,445 |
2.88% |
Centralia, WA (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$3,384 |
2.88% |
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$2,587 |
3.38% |
GRAND FORKS, ND-MN (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$3,820 |
2.88% |
Fort Polk South, LA (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$3,324 |
2.75% |
SALT LAKE CITY, UT (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$1,881 |
2.88% |
BILLINGS, MT (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$0 |
3.63% |
Coffeyville, KS (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$4,661 |
3.00% |
Helena, MT (FHA|USDA|VA)
|
1
|
$75,000 |
$75,000 |
$0 |
4.25% |
MOBILE, AL (FHA|USDA|VA)
|
1
|
$55,000 |
$55,000 |
$3,009 |
3.13% |
Washington Trust Bank's top markets include Spokane, Seattle, Boise City, Sandpoint, and Moses Lake among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
2,863 |
$1,035,785,000 |
$361,783 |
$3,925 |
3.37% |
FHA |
57 |
$14,195,000 |
$249,035 |
$8,368 |
3.12% |
VA |
49 |
$14,235,000 |
$290,510 |
$5,430 |
2.68% |
USDA |
1 |
$195,000 |
$195,000 |
$5,259 |
3.25% |
For the 2021 period, Washington Trust Bank's most frequently
originated loan type
of loans were Conventional, with 2,863 originations.
Their 2nd most popular type is FHA,
with 57 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Cash Out Refi |
833 |
$313,715,000 |
$376,609 |
$4,019 |
3.30% |
Refi |
731 |
$268,725,000 |
$367,613 |
$3,526 |
3.05% |
Home Purchase |
648 |
$310,350,000 |
$478,935 |
$4,831 |
3.18% |
Other |
447 |
$130,105,000 |
$291,063 |
$4,073 |
3.81% |
Home Improvement |
311 |
$41,515,000 |
$133,489 |
$3,001 |
3.87% |
For the 2021, Washington Trust Bank's most frequently cited loan
purpose
of loans were Cash Out Refi, with 833
originations.
The 2nd most popular reason of loans were Refi,
with 731 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
1,543 |
$631,105,000 |
$409,012 |
$4,236 |
3.08% |
20 Year |
594 |
$146,380,000 |
$246,431 |
$3,751 |
3.81% |
Other |
391 |
$119,055,000 |
$304,488 |
$5,073 |
3.82% |
15 Year |
269 |
$76,845,000 |
$285,669 |
$3,358 |
2.80% |
10 Year |
77 |
$31,995,000 |
$415,519 |
$2,450 |
3.82% |
1 Year |
56 |
$29,290,000 |
$523,036 |
$0 |
4.15% |
30+ year |
30 |
$24,080,000 |
$802,667 |
$6,243 |
3.82% |
5 Year |
10 |
$5,660,000 |
$566,000 |
$0 |
4.23% |
For the 2021, Washington Trust Bank's most frequently cited loan
length
of loans were 30 Year, with 1,543 originations.
The 2nd most popular length of loans were 20 Year,
with 594 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$<1k |
1,064 |
$461,050,000 |
$433,318 |
$1k-2k |
445 |
$112,905,000 |
$253,719 |
$2k-3k |
176 |
$60,860,000 |
$345,795 |
$3k-4k |
114 |
$44,070,000 |
$386,579 |
$5k+ |
47 |
$31,475,000 |
$669,681 |
$4,236 of loans were Washington Trust Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 1,064 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
3-4% |
1,669 |
$619,855,000 |
$371,393 |
2.5-3% |
931 |
$338,515,000 |
$363,604 |
4-5% |
210 |
$66,830,000 |
$318,238 |
<2.5% |
150 |
$38,500,000 |
$256,667 |
5-6% |
7 |
$495,000 |
$70,714 |
Over 8% |
2 |
$160,000 |
$80,000 |
7-8% |
1 |
$55,000 |
$55,000 |
During 2021, Washington Trust Bank's average interest
rate of loans were 3.08%, while their
most frequently originated rate bucket of loans were 3-4%,
with 1,669 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$200k-400k |
989 |
$280,485,000 |
$283,605 |
$4,143 |
3.22% |
$100k-200k |
708 |
$103,800,000 |
$146,610 |
$3,169 |
3.41% |
$100,000 or less |
448 |
$24,510,000 |
$54,710 |
$1,916 |
3.61% |
$400k-600k |
448 |
$216,750,000 |
$483,817 |
$4,535 |
3.23% |
$600k-1MM |
219 |
$167,325,000 |
$764,041 |
$5,038 |
3.42% |
$1MM+ |
158 |
$271,540,000 |
$1,718,608 |
$6,742 |
3.43% |
2021 saw Washington Trust Bank place emphasis on
$200k-400k loans
with 989 originations, totaling
$280,485,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$250k+ |
629 |
$391,295,000 |
$622,091 |
$4,968 |
3.48% |
$100k-150k |
475 |
$135,155,000 |
$284,537 |
$4,316 |
3.33% |
$50k-75k |
465 |
$82,645,000 |
$177,731 |
$3,542 |
3.24% |
$150k-250k |
417 |
$152,435,000 |
$365,552 |
$4,254 |
3.38% |
$75k-100k |
371 |
$84,055,000 |
$226,563 |
$4,214 |
3.28% |
$50k or less |
342 |
$53,480,000 |
$156,374 |
$3,483 |
3.22% |
Washington Trust Bank lent most frequently to those with incomes in the
$250k+ range, with
629 originations.
The second most popular income band? $100k-150k,
with 475 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
701 |
$231,215,000 |
$329,836 |
$3,954 |
3.30% |
30-36% |
515 |
$170,235,000 |
$330,553 |
$4,062 |
3.26% |
<20% |
431 |
$166,995,000 |
$387,459 |
$4,015 |
3.41% |
50-60% |
110 |
$24,750,000 |
$225,000 |
$5,298 |
3.85% |
44% |
101 |
$27,235,000 |
$269,653 |
$4,188 |
3.11% |
42% |
93 |
$35,605,000 |
$382,849 |
$4,144 |
3.20% |
40% |
93 |
$33,385,000 |
$358,978 |
$4,371 |
3.25% |
37% |
91 |
$32,385,000 |
$355,879 |
$4,174 |
3.24% |
39% |
89 |
$28,695,000 |
$322,416 |
$4,362 |
3.25% |
41% |
85 |
$26,025,000 |
$306,176 |
$4,255 |
3.25% |
36% |
80 |
$25,220,000 |
$315,250 |
$4,216 |
3.24% |
43% |
78 |
$23,490,000 |
$301,154 |
$4,869 |
3.28% |
38% |
76 |
$26,960,000 |
$354,737 |
$4,046 |
3.25% |
49% |
55 |
$10,155,000 |
$184,636 |
$3,260 |
3.55% |
48% |
50 |
$10,390,000 |
$207,800 |
$4,534 |
3.49% |
45% |
49 |
$10,085,000 |
$205,816 |
$4,242 |
3.53% |
47% |
48 |
$15,400,000 |
$320,833 |
$4,693 |
3.11% |
>60% |
39 |
$20,255,000 |
$519,359 |
$4,593 |
3.92% |
46% |
33 |
$11,635,000 |
$352,576 |
$4,194 |
3.45% |
Washington Trust Bank lent most frequently to those with DTI ratios
of 20-30%, with
701 originations.
The next most common DTI ratio? 30-36%,
with 515 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
2,023 |
$599,065,000 |
$296,127 |
$3,948 |
3.29% |
Not provided |
741 |
$307,805,000 |
$415,391 |
$4,592 |
3.47% |
Not applicable |
109 |
$118,155,000 |
$1,083,991 |
$0 |
3.96% |
Asian |
48 |
$23,680,000 |
$493,333 |
$3,947 |
3.19% |
Black |
16 |
$5,680,000 |
$355,000 |
$5,344 |
2.81% |
American Indian |
21 |
$4,805,000 |
$228,810 |
$4,648 |
3.17% |
Native Hawaiian |
4 |
$1,450,000 |
$362,500 |
$4,249 |
3.06% |
Asian Indian |
2 |
$1,440,000 |
$720,000 |
$4,499 |
2.88% |
Chinese |
1 |
$845,000 |
$845,000 |
$3,662 |
2.75% |
Other Asian |
2 |
$820,000 |
$410,000 |
$3,441 |
3.56% |
Japanese |
1 |
$475,000 |
$475,000 |
$16,784 |
2.75% |
Vietnamese |
1 |
$155,000 |
$155,000 |
$0 |
4.00% |
Korean |
1 |
$35,000 |
$35,000 |
$0 |
3.75% |
Approval Rates
Total approvals of all applications
85.65%
Washington Trust Bank has an average approval rate.
Pick Rate
Approvals leading to origination
80.33%
Washington Trust Bank has a below average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
76.07 |
2 |
$160,000 |
$80,000 |
NA |
2,968 |
$1,064,250,000 |
$358,575 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
2,970 |
$1,064,410,000 |
$358,387 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
621 |
$158,105,000 |
$254,597 |
$3,495 |
3.50% |
40-60% |
659 |
$248,885,000 |
$377,671 |
$3,672 |
3.19% |
60-80% |
863 |
$422,675,000 |
$489,774 |
$4,250 |
3.24% |
80-100% |
381 |
$163,135,000 |
$428,176 |
$5,098 |
3.23% |
Over 100% |
7 |
$3,775,000 |
$539,286 |
$14,064 |
3.05% |
Under 20% |
393 |
$39,115,000 |
$99,529 |
$1,311 |
3.65% |
Complaints
Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION |
Conventional home mortgage |
Closing on a mortgage |
1 |
16.7% |
WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION |
Conventional home mortgage |
Trouble during payment process |
3 |
50.0% |
WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
1 |
16.7% |
WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
16.7% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
Washington Trust Bank |
2437 172nd St Ne, Ste L103 Marysville, WA 98271 |
Full Service B&M
|
$8,812 |
Washington Trust Bank |
105 W 8th Avenue Spokane, WA 99204 |
Full Service B&M
|
$54,905 |
Washington Trust Bank |
509 Central Avenue South Quincy, WA 98848 |
Full Service B&M
|
$98,315 |
Washington Trust Bank |
509 North 5th Avenue Suite E Sandpoint, ID 83864 |
Full Service B&M
|
$77,053 |
Washington Trust Bank |
523 Valley Mall Parkway East Wenatchee, WA 98802 |
Full Service B&M
|
$130,278 |
Washington Trust Bank |
601 Union St. Ste 4747 Seattle, WA 98101 |
Full Service B&M
|
$1,664,802 |
Washington Trust Bank |
6010 E. Franklin Road Nampa, ID 83651 |
Full Service B&M
|
$40,214 |
Washington Trust Bank |
670 Se Bishop Blvd., Pullman, WA 99163 |
Full Service B&M
|
$124,664 |
Washington Trust Bank |
706 West 2nd Avenue Spokane, WA 99201 |
Full Service B&M
|
$203,407 |
Washington Trust Bank |
717 W Sprague Avenue Spokane, WA 99201 |
Full Service B&M
|
$900,032 |
Washington Trust Bank |
7309 W. State Street Garden City, ID 83714 |
Full Service B&M
|
$89,450 |
Washington Trust Bank |
759 South Wenatchee Avenue Wenatchee, WA 98801 |
Full Service B&M
|
$75,166 |
Washington Trust Bank |
760 Sw 9th Avenue, Suite 1900 Portland, OR 97205 |
Full Service B&M
|
$422,557 |
Washington Trust Bank |
7802 West Overland Road Boise, ID 83709 |
Full Service B&M
|
$44,868 |
Washington Trust Bank |
7815 Division Street Spokane, WA 99208 |
Full Service B&M
|
$183,711 |
Washington Trust Bank |
10500 Ne 8th Street, Suite 1100 Bellevue, WA 98004 |
Full Service B&M
|
$1,161,717 |
Washington Trust Bank |
10609 W State Route 2 Spokane, WA 99224 |
Full Service B&M
|
$126,331 |
Washington Trust Bank |
12 Basin Street, N.W. Ephrata, WA 98823 |
Full Service B&M
|
$89,733 |
Washington Trust Bank |
1427 North Liberty Lake Road Liberty Lake, WA 99019 |
Full Service B&M
|
$223,634 |
Washington Trust Bank |
1518 21st St Lewiston, ID 83501 |
Full Service B&M
|
$49,168 |
Washington Trust Bank |
1601 E Seltice Way Post Falls, ID 83854 |
Full Service B&M
|
$112,005 |
Washington Trust Bank |
1851 N Wenatchee Ave. Wenatchee, WA 98801 |
Full Service B&M
|
$87,638 |
Washington Trust Bank |
1906 West Francis Avenue Spokane, WA 99205 |
Full Service B&M
|
$130,113 |
Washington Trust Bank |
218 E Lakeside Avenue Coeur D Alene, ID 83814 |
Full Service B&M
|
$182,290 |
Washington Trust Bank |
2200 North Cassia Street Nampa, ID 83651 |
Full Service B&M
|
$64,146 |
Washington Trust Bank |
222 Troy Rd Moscow, ID 83843 |
Full Service B&M
|
$24,183 |
Washington Trust Bank |
2415 E 29th Avenue Spokane, WA 99223 |
Full Service B&M
|
$168,749 |
Washington Trust Bank |
8050 N. Government Way Hayden, ID 83835 |
Full Service B&M
|
$127,173 |
Washington Trust Bank |
901 West Bannock Avenue Boise, ID 83702 |
Full Service B&M
|
$205,245 |
Washington Trust Bank |
South 903 Main Street Deer Park, WA 99006 |
Full Service B&M
|
$113,517 |
Washington Trust Bank |
27 E Indiana Avenue Spokane, WA 99207 |
Full Service B&M
|
$271,197 |
Washington Trust Bank |
310 North Argonne Road Spokane, WA 99212 |
Full Service B&M
|
$281,828 |
Washington Trust Bank |
3103 South Grand Blvd. Spokane, WA 99203 |
Full Service B&M
|
$142,575 |
Washington Trust Bank |
3250 W. Clearwater Avenue Kennewick, WA 99336 |
Full Service B&M
|
$256,357 |
Washington Trust Bank |
3251 East Presidential Drive Meridian, ID 83642 |
Full Service B&M
|
$259,165 |
Washington Trust Bank |
3510 East Sprague Avenue Spokane, WA 99202 |
Full Service B&M
|
$200,965 |
Washington Trust Bank |
3810 North Maple Street Spokane, WA 99205 |
Full Service B&M
|
$70,458 |
Washington Trust Bank |
402 S Ash Street Moses Lake, WA 98837 |
Full Service B&M
|
$219,530 |
Washington Trust Bank |
4037 East Clocktower Lane, #12 Meridian, ID 83642 |
Full Service B&M
|
$4,379 |
Washington Trust Bank |
407 N Sullivan Road Spokane Valley, WA 99037 |
Full Service B&M
|
$313,939 |
Washington Trust Bank |
438 E. Hastings Road Spokane, WA 99218 |
Full Service B&M
|
$134,052 |
For 2021, Washington Trust Bank had 41 branches.
Yearly Performance Overview
Bank Income
Washington Trust Bank's gross interest income from loans was $308,613,000.
Washington Trust Bank's net interest income from loans was $299,033,000.
Washington Trust Bank's fee based income from loans was $6,088,000.
Washington Trust Bank's net income from loans was $101,090,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$9,580 |
Provision for credit losses |
$9,000 |
Total noninterest expense |
$228,625 |
Salaries and employee benefits |
$141,033 |
Premises and equipment expense |
$23,228 |
Additional noninterest expense |
$64,364 |
Applicable income taxes |
$28,262 |
Net charge-offs |
$1,208 |
Cash dividends |
$35,351 |
Washington Trust Bank's interest expense for loans was $9,580,000.
Washington Trust Bank's payroll and benefits expense were $141,033,000.
Washington Trust Bank's property, plant and equipment expenses $23,228,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$9,911,879 |
Deposits held in domestic offices |
$9,911,879 |
Deposits by Individuals, partnerships, and corporations |
$9,826,542 |
Deposits by U.S. Government |
$19,813 |
Deposits by States and political subdivisions in the U.S. |
$64,782 |
Deposits by Commercial banks and other depository institutions in U.S. |
$742 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$1,121,940 |
Demand deposits |
$1,016,048 |
Nontransaction accounts |
$8,789,939 |
Money market deposit accounts (MMDAs) |
$8,069,311 |
Other savings deposits (excluding MMDAs) |
$521,397 |
Total time deposits |
$199,231 |
Total time and savings deposits |
$8,895,831 |
Noninterest-bearing deposits |
$4,614,762 |
Interest-bearing deposits |
$5,297,117 |
Retail deposits |
$9,874,138 |
IRAs and Keogh plan accounts |
$34,409 |
Brokered deposits |
$0 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$11,078,690 |
Cash & Balances due from depository institutions |
$2,049,418 |
Interest-bearing balances |
$1,987,135 |
Total securities |
$3,324,754 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$5,395,472 |
Loan and leases loss allowance |
$140,603 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$94,919 |
Other real estate owned |
$0 |
Goodwill and other intangibles |
$205 |
All other assets |
$213,922 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$11,078,690 |
Total Liabilities |
$10,278,796 |
Total deposits |
$9,911,879 |
Interest-bearing deposits |
$5,297,117 |
Deposits held in domestic offices |
$9,911,879 |
% insured (estimated) |
$39 |
Federal funds purchased and repurchase agreements |
$239,511 |
Trading liabilities |
$0 |
Other borrowed funds |
$20,063 |
Subordinated debt |
$0 |
All other liabilities |
$107,343 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$5,395,472 |
Loan and leases loss allowance |
$140,603 |
Total loans and leases (domestic) |
$5,536,075 |
All real estate loans |
$3,682,437 |
Real estate loans in domestic offices |
$3,682,437 |
Construction and development loans |
$541,948 |
Residential 1-4 family construction |
$84,637 |
Other construction, all land development and other land |
$457,311 |
Loans secured by nonfarm nonresidential properties |
$1,682,103 |
Nonfarm nonresidential secured by owner-occupied properties |
$744,791 |
Commercial real estate & other non-farm, non-residential |
$937,312 |
Multifamily residential real estate |
$220,422 |
1-4 family residential loans |
$1,185,796 |
Farmland loans |
$52,168 |
Loans held in foreign offices |
$0 |
Farm loans |
$233,249 |
Commercial and industrial loans |
$1,298,752 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$124,801 |
Credit card loans |
$11,949 |
Related Plans |
$70,819 |
Consumer Auto Loans |
$10,314 |
Other loans to individuals |
$31,719 |
All other loans & leases |
$196,836 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$158,146 |
Loans to depository institutions and acceptances of other banks |
$0 |
Loans not secured by real estate |
$68,756 |
Loans secured by real estate to non-U.S. addressees |
$0 |
Restructured Loans & leases |
$846 |
Non 1-4 family restructured loans & leases |
$751 |
Total loans and leases (foreign) |
$0 |
Washington Trust Bank had $5,395,472,000 of loans outstanding in 2021. $3,682,437,000 of loans were in real estate loans.
$541,948,000 of loans were in development loans. $220,422,000 of loans were in multifamily mortgage loans.
$1,185,796,000 of loans were in 1-4 family mortgage loans. $233,249,000 of loans were in farm loans. $11,949,000
of loans were in credit card loans. $10,314,000 of loans were in the auto loan category.
Small Business Loans
Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
Nonfarm, nonresidential loans - <$1MM |
900 |
$286,977 |
$318,863 |
Nonfarm, nonresidential loans - <$100k |
82 |
$3,275 |
$39,939 |
Nonfarm, nonresidential loans - $100-250k |
238 |
$30,138 |
$126,630 |
Nonfarm, nonresidential loans - $250k-1MM |
580 |
$253,564 |
$437,179 |
Commercial & Industrial, US addressed loans - <$1MM |
6,216 |
$322,190 |
$51,832 |
Commercial & Industrial, US addressed loans - <$100k |
4,792 |
$60,468 |
$12,619 |
Commercial & Industrial, US addressed loans - $100-250k |
626 |
$55,217 |
$88,206 |
Commercial & Industrial, US addressed loans - $250k-1MM |
798 |
$206,505 |
$258,778 |
Farmland loans - <$1MM |
92 |
$6,653 |
$72,315 |
Farmland loans - <$100k |
6 |
$241 |
$40,167 |
Farmland loans - $100-250k |
35 |
$2,177 |
$62,200 |
Farmland loans - $250k-1MM |
51 |
$4,235 |
$83,039 |
Agriculture operations loans - <$1MM |
236 |
$19,204 |
$81,373 |
Agriculture operations loans - <$100k |
117 |
$2,302 |
$19,675 |
Agriculture operations loans - $100-250k |
56 |
$3,630 |
$64,821 |
Agriculture operations loans - $250k-1MM |
63 |
$13,272 |
$210,667 |