Washington Trust Bank Mortgage Rates, Fees & Info

Spokane, WA

LEI: 549300P2GEYNMH5OQA71

Tax ID: 91-0462347

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Washington Trust Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Washington Trust Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Spokane, Seattle, Boise City, Lewiston, and Moses Lake among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Washington Trust Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Washington Trust Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.88% 4/18/24
    30 Year Conventional Purchase 6.59% 4/18/24
    30 Year Conventional Refi 6.57% 4/18/24
    30 Year Cash-out Refi 6.71% 4/18/24
    30 Year FHA Purchase 7.45% 4/18/24
    30 Year VA Purchase 6.12% 4/18/24
    30 Year VA Refi 6.09% 4/18/24
    30 Year USDA Purchase 6.57% 4/18/24
    15 Year Conventional Purchase 6.41% 4/18/24
    15 Year Conventional Refi 5.98% 4/18/24
    15 Year Cash-out Refi 5.98% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Washington Trust Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Washington Trust Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,323

    Origination Dollar Volume (All Markets)

    $467,925,000

    Employee count

    987 Show all (8) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 492 $138,410,000 $281,321 $3,461 4.78%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 51 $67,405,000 $1,321,667 $6,118 4.78%
    Outside of Metro Areas 126 $38,560,000 $306,032 $4,403 4.84%
    BOISE CITY, ID (FHA|USDA|VA) 152 $36,270,000 $238,618 $4,166 4.85%
    LEWISTON, ID-WA (FHA|USDA|VA) 14 $21,710,000 $1,550,714 $4,070 4.77%
    Moses Lake, WA (FHA|USDA|VA) 53 $19,955,000 $376,509 $3,230 4.89%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 14 $16,770,000 $1,197,857 $4,600 4.93%
    BEND, OR (FHA|USDA|VA) 56 $16,240,000 $290,000 $7,151 4.67%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 52 $14,970,000 $287,885 $4,880 4.69%
    Sandpoint, ID (FHA|USDA|VA) 44 $12,500,000 $284,091 $5,075 4.81%
    Pullman, WA (FHA|USDA|VA) 48 $10,610,000 $221,042 $3,850 4.78%
    Outside of Metro Areas 34 $9,770,000 $287,353 $4,299 4.64%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 32 $9,080,000 $283,750 $5,632 4.76%
    Moscow, ID (FHA|USDA|VA) 29 $7,885,000 $271,897 $4,080 4.74%
    WENATCHEE, WA (FHA|USDA|VA) 25 $6,335,000 $253,400 $4,801 4.83%
    WALLA WALLA, WA (FHA|USDA|VA) 23 $5,475,000 $238,043 $5,059 4.63%
    Mountain Home, ID (FHA|USDA|VA) 2 $5,300,000 $2,650,000 $5,742 5.03%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 6 $3,270,000 $545,000 $4,822 5.00%
    CORVALLIS, OR (FHA|USDA|VA) 11 $2,695,000 $245,000 $5,855 4.73%
    Bozeman, MT (FHA|USDA|VA) 3 $2,605,000 $868,333 $5,526 4.83%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $2,550,000 $637,500 $12,675 4.91%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $2,285,000 $761,667 $3,060 5.17%
    MEDFORD, OR (FHA|USDA|VA) 7 $1,825,000 $260,714 $5,565 4.77%
    Hailey, ID (FHA|USDA|VA) 3 $1,535,000 $511,667 $4,291 4.67%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $1,380,000 $690,000 $0 4.79%
    Astoria, OR (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 5.25%
    Jackson, WY-ID (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $0 5.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,020,000 $255,000 $3,668 4.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $885,000 $885,000 $2,681 4.75%
    YAKIMA, WA (FHA|USDA|VA) 3 $765,000 $255,000 $3,134 4.75%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $675,000 $675,000 $0 5.00%
    Hilo, HI (FHA|USDA|VA) 1 $555,000 $555,000 $17,429 3.88%
    Ellensburg, WA (FHA|USDA|VA) 2 $520,000 $260,000 $4,099 5.01%
    CHICO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $3,339 4.75%
    BILLINGS, MT (FHA|USDA|VA) 2 $500,000 $250,000 $6,971 5.31%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $455,000 $455,000 $3,284 4.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $455,000 $455,000 $4,649 4.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $445,000 $445,000 $3,558 4.63%
    Oak Harbor, WA (FHA|USDA|VA) 1 $435,000 $435,000 $8,497 4.63%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $365,000 $365,000 $4,041 4.88%
    Prineville, OR (FHA|USDA|VA) 1 $305,000 $305,000 $4,548 4.13%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,027 4.88%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.50%
    COLUMBUS, OH (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.38%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $195,000 $195,000 $2,842 4.63%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $185,000 $185,000 $2,567 4.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,836 4.88%
    Othello, WA (FHA|USDA|VA) 1 $155,000 $155,000 $4,666 5.63%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $125,000 $125,000 $1,351 5.00%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $125,000 $125,000 $3,160 5.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $3,631 4.88%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,940 4.75%
    Ontario, OR-ID (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.75%
    Newport, OR (FHA|USDA|VA) 1 $65,000 $65,000 $443 5.75%
    Washington Trust Bank's top markets include Spokane, Seattle, Boise City, Lewiston, and Moses Lake among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Washington Trust Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    People's Community Federal Credit Union
    Similarity Rank: 33
    Potlatch No. 1 Financial Credit Union
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    SELCO COMMUNITY
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    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 275
    Sno Falls Credit Union
    Similarity Rank: 309
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 378
    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 380
    PIONEER
    Similarity Rank: 420
    Yakima Federal Savings and Loan Association
    Similarity Rank: 456
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,144 $424,830,000 $371,355 $3,579 4.81%
    FHA 104 $23,450,000 $225,481 $8,086 4.68%
    VA 65 $17,345,000 $266,846 $7,127 4.56%
    USDA 10 $2,300,000 $230,000 $5,672 4.46%

    For 2018, Washington Trust Bank's most frequently originated type of loan was Conventional, with 1,144 originations. Their 2nd most popular type was FHA, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 886 $289,010,000 $326,196 $4,604 4.73%
    Cash Out Refi 249 $98,895,000 $397,169 $3,947 4.89%
    Refi 102 $60,150,000 $589,706 $3,284 4.77%
    Other 61 $16,385,000 $268,607 $2,690 5.03%
    Home Improvement 25 $3,485,000 $139,400 $430 5.46%

    For 2018, Washington Trust Bank's most frequently cited loan purpose was Home Purchase, with 886 originations. The 2nd most popular reason was Cash Out Refi, with 249 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 956 $283,650,000 $296,705 $4,733 4.75%
    15 Year 174 $34,570,000 $198,678 $2,740 4.72%
    10 Year 75 $30,515,000 $406,867 $657 5.25%
    5 Year 55 $15,425,000 $280,455 $435 4.92%
    Other 18 $39,670,000 $2,203,889 $2,645 5.09%
    30+ year 17 $10,055,000 $591,471 $5,066 4.88%
    20 Year 15 $5,775,000 $385,000 $4,324 4.65%
    1 Year 7 $5,025,000 $717,857 $0 5.29%
    3 Year 6 $43,240,000 $7,206,667 $0 4.58%

    For 2018, Washington Trust Bank's most frequently cited loan duration was 30 Year, with 956 originations. The 2nd most popular length was 15 Year, with 174 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 710 $189,700,000 $267,183
    $1k-2k 230 $55,530,000 $241,435
    $2k-3k 83 $23,115,000 $278,494
    $3k-4k 33 $11,995,000 $363,485
    $5k+ 24 $16,220,000 $675,833
    $4k-5k 20 $8,410,000 $420,500

    Washington Trust Bank's average total fees were $4,733, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 710 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 884 $335,410,000 $379,423
    5-6% 330 $112,790,000 $341,788
    3-4% 67 $17,615,000 $262,910
    <2.5% 15 $175,000 $11,667
    6-7% 11 $1,685,000 $153,182
    Over 8% 2 $110,000 $55,000
    7-8% 1 $35,000 $35,000

    During 2018, Washington Trust Bank's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 884 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 551 $151,845,000 $275,581 $5,019 4.76%
    $100k-200k 351 $53,065,000 $151,182 $3,628 4.83%
    $100,000 or less 188 $9,550,000 $50,798 $1,091 4.86%
    $400k-600k 128 $59,180,000 $462,344 $5,335 4.72%
    $600k-1MM 57 $40,115,000 $703,772 $4,619 4.79%
    $1MM+ 48 $154,170,000 $3,211,875 $8,919 4.77%

    2018 saw Washington Trust Bank place emphasis on $200k-400k loans with 551 originations, totaling $151,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 266 $50,230,000 $188,835 $4,254 4.77%
    $75k-100k 198 $43,100,000 $217,677 $4,367 4.80%
    $50k or less 190 $23,750,000 $125,000 $3,204 4.67%
    $100k-150k 182 $50,150,000 $275,549 $5,054 4.80%
    $250k+ 161 $83,815,000 $520,590 $4,389 4.78%
    $150k-250k 154 $57,900,000 $375,974 $4,300 4.80%

    Washington Trust Bank lent most frequently to those with incomes in the $50k-75k range, with 266 originations. The second most popular income band? $75k-100k, with 198 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 232 $64,380,000 $277,500 $3,815 4.78%
    30-36% 220 $56,800,000 $258,182 $3,937 4.76%
    <20% 101 $26,955,000 $266,881 $3,608 4.67%
    40% 60 $14,210,000 $236,833 $4,114 4.77%
    39% 55 $13,605,000 $247,364 $4,386 4.66%
    36% 54 $13,760,000 $254,815 $3,627 4.75%
    50-60% 46 $10,510,000 $228,478 $6,653 4.80%
    46% 44 $10,260,000 $233,182 $4,168 4.80%
    41% 44 $11,390,000 $258,864 $3,756 4.53%
    38% 43 $11,205,000 $260,581 $4,328 4.75%
    44% 42 $10,220,000 $243,333 $4,217 4.82%
    42% 41 $13,165,000 $321,098 $5,208 4.69%
    43% 36 $9,750,000 $270,833 $4,758 4.81%
    48% 34 $7,260,000 $213,529 $3,809 4.90%
    37% 33 $9,365,000 $283,788 $4,804 4.67%
    49% 32 $7,690,000 $240,313 $4,410 4.88%
    47% 28 $8,490,000 $303,214 $5,042 4.58%
    45% 27 $6,395,000 $236,852 $4,786 5.13%
    >60% 8 $11,780,000 $1,472,500 $6,508 4.80%

    Washington Trust Bank lent most frequently to those with DTI ratios of 20-30%, with 232 originations. The next most common DTI ratio? 30-36%, with 220 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 932 $240,680,000 $258,240 $4,196 4.80%
    Not applicable 126 $146,080,000 $1,159,365 $13,422 4.99%
    Not provided 205 $65,345,000 $318,756 $4,203 4.67%
    Asian 23 $6,995,000 $304,130 $5,062 4.77%
    American Indian 24 $4,140,000 $172,500 $3,771 4.43%
    Native Hawaiian or Islander 2 $1,200,000 $600,000 $10,399 4.44%
    Black 5 $1,085,000 $217,000 $4,935 4.68%
    Other Asian 3 $1,045,000 $348,333 $2,558 4.83%
    Asian Indian 1 $785,000 $785,000 $3,626 4.88%
    Korean 1 $335,000 $335,000 $3,054 4.50%
    Vietnamese 1 $235,000 $235,000 $7,083 4.32%

    Approval Rates

    Total approvals of all applications
    83.98%

    Washington Trust Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.35%

    Washington Trust Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    72.45 1 $85,000 $85,000
    NA 1,322 $467,840,000 $353,888

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $4,855,000 $1,618,333
    Multifamily:Site-Built 23 $101,665,000 $4,420,217
    Single Family (1-4 Units):Manufactured 44 $6,160,000 $140,000
    Single Family (1-4 Units):Site-Built 1,253 $355,245,000 $283,516

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $25,565,000 $253,119 $2,508 4.88%
    40-60% 149 $53,525,000 $359,228 $3,793 4.79%
    60-80% 432 $198,490,000 $459,468 $4,109 4.85%
    80-100% 530 $179,420,000 $338,528 $5,238 4.77%
    Over 100% 14 $4,540,000 $324,286 $11,328 4.65%
    Under 20% 97 $6,385,000 $65,825 $404 4.53%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 3 42.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Washington Trust Bank 102 Thain Road, Suite D Lewiston, ID 83501 Full Service B&M $7,986
    Washington Trust Bank 105 W 8th Avenue Spokane, WA 99204 Full Service B&M $34,705
    Washington Trust Bank 10500 Ne 8th Street, Suite 1100 Bellevue, WA 98004 Full Service B&M $506,071
    Washington Trust Bank 10609 W State Route 2 Spokane, WA 99224 Full Service B&M $65,657
    Washington Trust Bank 12 Basin Street, N.W. Ephrata, WA 98823 Full Service B&M $67,327
    Washington Trust Bank 1427 North Liberty Lake Road Liberty Lake, WA 99019 Full Service B&M $117,396
    Washington Trust Bank 1601 E Seltice Way Post Falls, ID 83854 Full Service B&M $70,164
    Washington Trust Bank 1851 N Wenatchee Ave. Wenatchee, WA 98801 Full Service B&M $39,102
    Washington Trust Bank 1906 West Francis Avenue Spokane, WA 99205 Full Service B&M $112,626
    Washington Trust Bank 218 E Lakeside Avenue Coeur D Alene, ID 83814 Full Service B&M $98,428
    Washington Trust Bank 2200 North Cassia Street Nampa, ID 83651 Full Service B&M $44,821
    Washington Trust Bank 2415 E 29th Avenue Spokane, WA 99223 Full Service B&M $121,022
    Washington Trust Bank 27 E Indiana Avenue Spokane, WA 99207 Full Service B&M $154,720
    Washington Trust Bank 310 North Argonne Road Spokane, WA 99212 Full Service B&M $169,617
    Washington Trust Bank 3103 South Grand Blvd. Spokane, WA 99203 Full Service B&M $110,499
    Washington Trust Bank 3250 W. Clearwater Avenue Kennewick, WA 99336 Full Service B&M $157,086
    Washington Trust Bank 3251 East Presidential Drive Meridian, ID 83642 Full Service B&M $109,342
    Washington Trust Bank 3510 East Sprague Avenue Spokane, WA 99202 Full Service B&M $118,585
    Washington Trust Bank 3810 North Maple Street Spokane, WA 99205 Full Service B&M $57,282
    Washington Trust Bank 402 S Ash Street Moses Lake, WA 98837 Full Service B&M $151,903
    Washington Trust Bank 4037 East Clocktower Lane, #12 Meridian, ID 83642 Full Service B&M $5,839
    Washington Trust Bank 407 N Sullivan Road Spokane Valley, WA 99037 Full Service B&M $212,079
    Washington Trust Bank 438 E. Hastings Road Spokane, WA 99218 Full Service B&M $90,755
    Washington Trust Bank 509 Central Avenue South Quincy, WA 98848 Full Service B&M $65,519
    Washington Trust Bank 509 North 5th Avenue Suite E Sandpoint, ID 83864 Full Service B&M $34,273
    Washington Trust Bank 523 Valley Mall Parkway East Wenatchee, WA 98802 Full Service B&M $69,468
    Washington Trust Bank 601 Union St. Ste 4747 Seattle, WA 98101 Full Service B&M $1,066,163
    Washington Trust Bank 6010 E. Franklin Road Nampa, ID 83651 Full Service B&M $17,818
    Washington Trust Bank 670 Se Bishop Blvd., Pullman, WA 99163 Full Service B&M $47,306
    Washington Trust Bank 706 West 2nd Avenue Spokane, WA 99201 Full Service B&M $134,191
    Washington Trust Bank 717 W Sprague Avenue Spokane, WA 99201 Full Service B&M $550,502
    Washington Trust Bank 7309 W. State Street Garden City, ID 83714 Full Service B&M $39,054
    Washington Trust Bank 759 South Wenatchee Avenue Wenatchee, WA 98801 Full Service B&M $71,574
    Washington Trust Bank 760 Sw 9th Avenue, Suite 1900 Portland, OR 97205 Full Service B&M $205,292
    Washington Trust Bank 7802 West Overland Road Boise, ID 83709 Full Service B&M $23,182
    Washington Trust Bank 7815 Division Street Spokane, WA 99208 Full Service B&M $127,083
    Washington Trust Bank 7930 Fairview Avenue Boise, ID 83704 Full Service B&M $10,754
    Washington Trust Bank 8050 N. Government Way Hayden, ID 83835 Full Service B&M $72,380
    Washington Trust Bank 8905 Sw Nimbus Avenue, Suite 125 Beaverton, OR 97008 Full Service B&M $33,818
    Washington Trust Bank 901 West Bannock Avenue Boise, ID 83702 Full Service B&M $121,209
    Washington Trust Bank 948 Pullman Road Moscow, ID 83843 Full Service B&M $9,782
    Washington Trust Bank South 903 Main Street Deer Park, WA 99006 Full Service B&M $63,851

    For 2018, Washington Trust Bank had 42 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $247,870
    Net interest income $236,238
    Total noninterest income $49,435
    Gross Fiduciary activities income $18,138
    Service charges on deposit accounts $6,890
    Trading account gains and fees $0
    Additional Noninterest Income $24,407
    Pre-tax net operating income $104,273
    Securities gains (or losses, -) $0
    Income before extraordinary items $82,929
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $82,929
    Minority interest net income $0
    Net income $82,929
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $82,929

    Washington Trust Bank's gross interest income from loans was $247,870,000.
    Washington Trust Bank's net interest income from loans was $236,238,000.
    Washington Trust Bank's fee based income from loans was $6,890,000.
    Washington Trust Bank's net income from loans was $82,929,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,632
    Provision for credit losses $2,700
    Total noninterest expense $178,700
    Salaries and employee benefits $105,672
    Premises and equipment expense $17,547
    Additional noninterest expense $55,481
    Applicable income taxes $21,344
    Net charge-offs $-1,265
    Cash dividends $13,915

    Washington Trust Bank's interest expense for loans was $11,632,000.
    Washington Trust Bank's payroll and benefits expense were $105,672,000.
    Washington Trust Bank's property, plant and equipment expenses $17,547,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,647,126
    Deposits held in domestic offices $5,647,126
    Deposits by Individuals, partnerships, and corporations $5,570,749
    Deposits by U.S. Government $4,012
    Deposits by States and political subdivisions in the U.S. $72,059
    Deposits by Commercial banks and other depository institutions in U.S. $306
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $589,907
    Demand deposits $531,108
    Nontransaction accounts $5,057,219
    Money market deposit accounts (MMDAs) $4,416,147
    Other savings deposits (excluding MMDAs) $285,717
    Total time deposits $355,355
    Total time and savings deposits $5,116,018
    Noninterest-bearing deposits $2,421,716
    Interest-bearing deposits $3,225,410
    Retail deposits $5,558,499
    IRAs and Keogh plan accounts $36,622
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $6,542,924
    Cash & Balances due from depository institutions $857,735
    Interest-bearing balances $751,180
    Total securities $1,588,252
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,956,649
    Loan and leases loss allowance $90,749
    Trading account assets $0
    Bank premises and fixed assets $47,883
    Other real estate owned $0
    Goodwill and other intangibles $300
    All other assets $92,105

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $6,542,924
    Total Liabilities $5,958,449
    Total deposits $5,647,126
    Interest-bearing deposits $3,225,410
    Deposits held in domestic offices $5,647,126
    % insured (estimated) $48
    Federal funds purchased and repurchase agreements $259,857
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $51,466

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,956,649
    Loan and leases loss allowance $90,749
    Total loans and leases (domestic) $4,047,398
    All real estate loans $2,508,973
    Real estate loans in domestic offices $2,508,973
    Construction and development loans $426,346
    Residential 1-4 family construction $76,998
    Other construction, all land development and other land $349,348
    Loans secured by nonfarm nonresidential properties $1,165,751
    Nonfarm nonresidential secured by owner-occupied properties $636,944
    Commercial real estate & other non-farm, non-residential $528,807
    Multifamily residential real estate $138,534
    1-4 family residential loans $736,226
    Farmland loans $42,116
    Loans held in foreign offices $0
    Farm loans $205,078
    Commercial and industrial loans $1,078,685
    To non-U.S. addressees $0
    Loans to individuals $115,585
    Credit card loans $17,263
    Related Plans $56,431
    Consumer Auto Loans $6,041
    Other loans to individuals $35,850
    All other loans & leases $139,077
    Loans to foreign governments and official institutions $0
    Other loans $79,542
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $72,195
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $886
    Non 1-4 family restructured loans & leases $612
    Total loans and leases (foreign) $0

    Washington Trust Bank had $3,956,649,000 of loans outstanding in 2018. $2,508,973,000 of loans were in real estate loans. $426,346,000 of loans were in development loans. $138,534,000 of loans were in multifamily mortgage loans. $736,226,000 of loans were in 1-4 family mortgage loans. $205,078,000 of loans were in farm loans. $17,263,000 of loans were in credit card loans. $6,041,000 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 949 $266,962 $281,309
    Nonfarm, nonresidential loans - <$100k 116 $4,645 $40,043
    Nonfarm, nonresidential loans - $100-250k 303 $40,491 $133,634
    Nonfarm, nonresidential loans - $250k-1MM 530 $221,826 $418,540
    Commercial & Industrial, US addressed loans - <$1MM 4,819 $252,381 $52,372
    Commercial & Industrial, US addressed loans - <$100k 3,635 $44,911 $12,355
    Commercial & Industrial, US addressed loans - $100-250k 536 $46,388 $86,545
    Commercial & Industrial, US addressed loans - $250k-1MM 648 $161,082 $248,583
    Farmland loans - <$1MM 108 $8,795 $81,435
    Farmland loans - <$100k 13 $476 $36,615
    Farmland loans - $100-250k 46 $4,004 $87,043
    Farmland loans - $250k-1MM 49 $4,315 $88,061
    Agriculture operations loans - <$1MM 172 $17,028 $99,000
    Agriculture operations loans - <$100k 54 $1,318 $24,407
    Agriculture operations loans - $100-250k 53 $3,325 $62,736
    Agriculture operations loans - $250k-1MM 65 $12,385 $190,538