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 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 by origination volume include: Spokane, Seattle, Boise City, Kennewick, and Pullman among others. We have data for 56 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 a low 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% 12/16/24
    30 Year Conventional Purchase 6.59% 12/16/24
    30 Year Conventional Refi 6.57% 12/16/24
    30 Year Cash-out Refi 6.71% 12/16/24
    30 Year FHA Purchase 7.45% 12/16/24
    30 Year VA Purchase 6.12% 12/16/24
    30 Year VA Refi 6.09% 12/16/24
    30 Year USDA Purchase 6.57% 12/16/24
    15 Year Conventional Purchase 6.41% 12/16/24
    15 Year Conventional Refi 5.98% 12/16/24
    15 Year Cash-out Refi 5.98% 12/16/24
    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

    2,303

    Origination Dollar Volume (All Markets)

    $754,855,000

    Employee count

    1,010 Show all (6) 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) 966 $226,650,000 $234,627 $3,409 4.07%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 116 $167,570,000 $1,444,569 $4,298 4.42%
    BOISE CITY, ID (FHA|USDA|VA) 351 $95,905,000 $273,234 $4,211 3.94%
    Outside of Metro Areas 183 $49,215,000 $268,934 $4,520 4.06%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 63 $26,445,000 $419,762 $4,385 4.17%
    Pullman, WA (FHA|USDA|VA) 56 $18,080,000 $322,857 $3,202 3.94%
    WENATCHEE, WA (FHA|USDA|VA) 92 $17,750,000 $192,935 $3,521 3.95%
    Sandpoint, ID (FHA|USDA|VA) 58 $16,890,000 $291,207 $3,616 4.12%
    Outside of Metro Areas 55 $16,615,000 $302,091 $4,033 3.88%
    BEND, OR (FHA|USDA|VA) 51 $14,035,000 $275,196 $5,474 4.13%
    Moses Lake, WA (FHA|USDA|VA) 93 $13,845,000 $148,871 $3,208 4.02%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 29 $11,775,000 $406,034 $5,530 4.15%
    Moscow, ID (FHA|USDA|VA) 19 $10,865,000 $571,842 $3,849 3.92%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 34 $10,570,000 $310,882 $4,883 4.17%
    Hailey, ID (FHA|USDA|VA) 3 $8,545,000 $2,848,333 $4,266 4.54%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $7,665,000 $696,818 $3,516 3.98%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $6,500,000 $812,500 $5,844 4.48%
    SALEM, OR (FHA|USDA|VA) 16 $4,170,000 $260,625 $7,595 4.43%
    MEDFORD, OR (FHA|USDA|VA) 14 $3,460,000 $247,143 $6,334 4.29%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $2,815,000 $2,815,000 $0 5.75%
    LEWISTON, ID-WA (FHA|USDA|VA) 16 $2,800,000 $175,000 $3,812 4.04%
    YAKIMA, WA (FHA|USDA|VA) 9 $2,465,000 $273,889 $3,176 4.32%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $2,175,000 $725,000 $4,368 4.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 4 $1,770,000 $442,500 $2,858 4.31%
    WALLA WALLA, WA (FHA|USDA|VA) 6 $1,690,000 $281,667 $6,817 4.29%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,650,000 $825,000 $8,406 5.06%
    Ellensburg, WA (FHA|USDA|VA) 3 $1,425,000 $475,000 $4,450 3.37%
    SALINAS, CA (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $4,186 3.38%
    BILLINGS, MT (FHA|USDA|VA) 3 $985,000 $328,333 $4,982 4.13%
    Mountain Home, ID (FHA|USDA|VA) 4 $860,000 $215,000 $4,018 3.72%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 5 $855,000 $171,000 $4,014 4.02%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $855,000 $855,000 $0 4.38%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $740,000 $370,000 $8,122 4.19%
    Oak Harbor, WA (FHA|USDA|VA) 1 $585,000 $585,000 $0 4.00%
    Ketchikan, AK (FHA|USDA|VA) 1 $505,000 $505,000 $7,647 5.00%
    Port Angeles, WA (FHA|USDA|VA) 1 $485,000 $485,000 $2,684 4.38%
    VALLEJO, CA (FHA|USDA|VA) 1 $475,000 $475,000 $5,367 3.50%
    LINCOLN, NE (FHA|USDA|VA) 1 $475,000 $475,000 $3,489 3.88%
    GREELEY, CO (FHA|USDA|VA) 1 $325,000 $325,000 $2,946 4.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,802 3.88%
    YUBA CITY, CA (FHA|USDA|VA) 1 $305,000 $305,000 $7,915 4.50%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $285,000 $285,000 $6,833 4.13%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $265,000 $265,000 $3,801 3.75%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.75%
    Bozeman, MT (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.00%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $215,000 $215,000 $4,587 3.99%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $175,000 $175,000 $3,126 5.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $3,294 3.38%
    Ontario, OR-ID (FHA|USDA|VA) 2 $170,000 $85,000 $3,747 3.25%
    TUCSON, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,576 4.00%
    Centralia, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,883 4.38%
    Othello, WA (FHA|USDA|VA) 2 $110,000 $55,000 $3,058 3.56%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $95,000 $95,000 $3,416 3.88%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.99%
    Rexburg, ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.99%
    Washington Trust Bank's top markets include Spokane, Seattle, Boise City, Kennewick, and Pullman among others.

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

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    Ukrainian Federal Credit Union
    Similarity Rank: 657

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,282 $540,590,000 $421,677 $3,577 4.23%
    HELOC 883 $176,815,000 $200,243 n/a 3.81%
    FHA 68 $16,700,000 $245,588 $8,132 4.21%
    VA 66 $19,550,000 $296,212 $5,478 4.07%
    USDA 4 $1,200,000 $300,000 $7,442 4.00%

    For 2019, Washington Trust Bank's most frequently originated type of loan was Conventional, with 1,282 originations. Their 2nd most popular type was HELOC, with 883 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 844 $346,920,000 $411,043 $4,245 4.24%
    Cash Out Refi 479 $172,535,000 $360,198 $3,864 4.04%
    Refi 422 $145,410,000 $344,573 $3,401 4.09%
    Other 305 $52,165,000 $171,033 $2,341 3.93%
    Home Improvement 253 $37,825,000 $149,506 $1,371 3.65%

    For 2019, Washington Trust Bank's most frequently cited loan purpose was Home Purchase, with 844 originations. The 2nd most popular reason was Cash Out Refi, with 479 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,096 $361,090,000 $329,462 $4,169 4.14%
    20 Year 778 $107,440,000 $138,098 $3,352 3.50%
    15 Year 152 $38,210,000 $251,382 $2,986 4.41%
    10 Year 111 $82,915,000 $746,982 $480 4.61%
    1 Year 93 $29,155,000 $313,495 $0 5.94%
    Other 31 $99,945,000 $3,224,032 $2,299 5.40%
    30+ year 22 $13,940,000 $633,636 $5,050 4.48%
    5 Year 15 $4,755,000 $317,000 $0 5.13%
    3 Year 5 $17,405,000 $3,481,000 $0 4.87%

    For 2019, Washington Trust Bank's most frequently cited loan duration was 30 Year, with 1,096 originations. The 2nd most popular length was 20 Year, with 778 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 766 $251,920,000 $328,877
    $1k-2k 257 $68,745,000 $267,490
    $2k-3k 121 $39,565,000 $326,983
    $3k-4k 45 $16,175,000 $359,444
    $4k-5k 18 $6,500,000 $361,111
    $5k+ 17 $7,165,000 $421,471

    Washington Trust Bank's average total fees were $4,169, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 766 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 675 $315,405,000 $467,267
    3-4% 649 $230,865,000 $355,724
    2.5-3% 609 $83,715,000 $137,463
    5-6% 292 $112,560,000 $385,479
    6-7% 55 $11,605,000 $211,000
    <2.5% 13 $85,000 $6,538
    Over 8% 5 $385,000 $77,000
    7-8% 4 $230,000 $57,500

    During 2019, Washington Trust Bank's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 4-5%, with 675 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 743 $208,765,000 $280,976 $4,440 4.19%
    $100k-200k 588 $86,120,000 $146,463 $3,193 4.04%
    $100,000 or less 576 $27,650,000 $48,003 $1,291 3.80%
    $400k-600k 236 $112,320,000 $475,932 $4,522 4.26%
    $1MM+ 81 $261,135,000 $3,223,889 $5,255 4.31%
    $600k-1MM 79 $58,865,000 $745,127 $4,360 4.19%

    2019 saw Washington Trust Bank place emphasis on $200k-400k loans with 743 originations, totaling $208,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 402 $64,800,000 $161,194 $4,007 3.93%
    $100k-150k 374 $86,430,000 $231,096 $4,305 4.04%
    $250k+ 372 $199,080,000 $535,161 $4,178 4.25%
    $75k-100k 316 $60,990,000 $193,006 $4,102 3.96%
    $150k-250k 302 $85,100,000 $281,788 $3,974 4.15%
    $50k or less 284 $28,120,000 $99,014 $3,057 3.92%

    Washington Trust Bank lent most frequently to those with incomes in the $50k-75k range, with 402 originations. The second most popular income band? $100k-150k, with 374 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 443 $112,745,000 $254,503 $3,816 3.99%
    30-36% 335 $79,745,000 $238,045 $3,723 3.94%
    <20% 296 $84,310,000 $284,831 $3,673 4.07%
    50-60% 136 $22,980,000 $168,971 $6,104 3.91%
    41% 84 $21,040,000 $250,476 $3,961 4.08%
    42% 76 $19,420,000 $255,526 $4,076 4.14%
    40% 76 $20,620,000 $271,316 $3,858 3.95%
    37% 74 $16,250,000 $219,595 $3,969 4.09%
    39% 69 $19,625,000 $284,420 $4,345 4.07%
    43% 65 $13,885,000 $213,615 $4,512 4.20%
    36% 62 $18,120,000 $292,258 $4,672 4.05%
    44% 62 $15,870,000 $255,968 $4,192 4.24%
    38% 60 $11,420,000 $190,333 $2,565 3.80%
    45% 56 $11,070,000 $197,679 $3,597 3.97%
    46% 54 $13,150,000 $243,519 $3,566 4.09%
    49% 50 $8,570,000 $171,400 $3,869 3.60%
    48% 47 $9,395,000 $199,894 $4,596 4.08%
    47% 42 $8,320,000 $198,095 $3,769 4.02%
    >60% 28 $14,070,000 $502,500 $4,745 4.02%

    Washington Trust Bank lent most frequently to those with DTI ratios of 20-30%, with 443 originations. The next most common DTI ratio? 30-36%, with 335 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,565 $398,735,000 $254,783 $4,017 4.00%
    Not applicable 139 $180,235,000 $1,296,655 $0 4.55%
    Not provided 558 $165,790,000 $297,115 $3,746 4.13%
    Asian 15 $4,425,000 $295,000 $3,465 4.46%
    Black 10 $2,390,000 $239,000 $3,516 4.06%
    American Indian 11 $1,445,000 $131,364 $3,080 3.75%
    Asian Indian 2 $1,180,000 $590,000 $4,454 3.88%
    Native Hawaiian or Islander 2 $630,000 $315,000 $5,274 4.44%
    Other Asian 1 $25,000 $25,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    84.69%

    Washington Trust Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.33%

    Washington Trust Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $130,000 $65,000
    76.07 2 $80,000 $40,000
    NA 2,299 $754,645,000 $328,249

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $4,975,000 $1,658,333
    Multifamily:Site-Built 26 $133,440,000 $5,132,308
    Single Family (1-4 Units):Manufactured 73 $6,705,000 $91,849
    Single Family (1-4 Units):Site-Built 2,201 $609,735,000 $277,026

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 392 $63,830,000 $162,832 $2,632 3.82%
    40-60% 322 $176,880,000 $549,317 $3,429 4.04%
    60-80% 627 $297,225,000 $474,043 $3,982 4.12%
    80-100% 491 $160,365,000 $326,609 $4,601 4.22%
    Over 100% 13 $6,535,000 $502,692 $9,554 4.25%
    Under 20% 396 $29,000,000 $73,232 $694 3.73%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 3 60.0%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 1 20.0%

    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 $10,633
    Washington Trust Bank 105 W 8th Avenue Spokane, WA 99204 Full Service B&M $33,430
    Washington Trust Bank 10500 Ne 8th Street, Suite 1100 Bellevue, WA 98004 Full Service B&M $522,999
    Washington Trust Bank 10609 W State Route 2 Spokane, WA 99224 Full Service B&M $72,124
    Washington Trust Bank 12 Basin Street, N.W. Ephrata, WA 98823 Full Service B&M $66,989
    Washington Trust Bank 1427 North Liberty Lake Road Liberty Lake, WA 99019 Full Service B&M $135,073
    Washington Trust Bank 1601 E Seltice Way Post Falls, ID 83854 Full Service B&M $71,679
    Washington Trust Bank 1851 N Wenatchee Ave. Wenatchee, WA 98801 Full Service B&M $40,159
    Washington Trust Bank 1906 West Francis Avenue Spokane, WA 99205 Full Service B&M $103,511
    Washington Trust Bank 218 E Lakeside Avenue Coeur D Alene, ID 83814 Full Service B&M $99,387
    Washington Trust Bank 2200 North Cassia Street Nampa, ID 83651 Full Service B&M $42,106
    Washington Trust Bank 2415 E 29th Avenue Spokane, WA 99223 Full Service B&M $122,323
    Washington Trust Bank 27 E Indiana Avenue Spokane, WA 99207 Full Service B&M $173,691
    Washington Trust Bank 310 North Argonne Road Spokane, WA 99212 Full Service B&M $183,319
    Washington Trust Bank 3103 South Grand Blvd. Spokane, WA 99203 Full Service B&M $107,809
    Washington Trust Bank 3250 W. Clearwater Avenue Kennewick, WA 99336 Full Service B&M $172,991
    Washington Trust Bank 3251 East Presidential Drive Meridian, ID 83642 Full Service B&M $137,224
    Washington Trust Bank 3510 East Sprague Avenue Spokane, WA 99202 Full Service B&M $119,918
    Washington Trust Bank 3810 North Maple Street Spokane, WA 99205 Full Service B&M $54,636
    Washington Trust Bank 402 S Ash Street Moses Lake, WA 98837 Full Service B&M $145,863
    Washington Trust Bank 4037 East Clocktower Lane, #12 Meridian, ID 83642 Full Service B&M $6,133
    Washington Trust Bank 407 N Sullivan Road Spokane Valley, WA 99037 Full Service B&M $215,184
    Washington Trust Bank 438 E. Hastings Road Spokane, WA 99218 Full Service B&M $90,603
    Washington Trust Bank 509 Central Avenue South Quincy, WA 98848 Full Service B&M $65,750
    Washington Trust Bank 509 North 5th Avenue Suite E Sandpoint, ID 83864 Full Service B&M $41,603
    Washington Trust Bank 523 Valley Mall Parkway East Wenatchee, WA 98802 Full Service B&M $76,085
    Washington Trust Bank 601 Union St. Ste 4747 Seattle, WA 98101 Full Service B&M $1,139,642
    Washington Trust Bank 6010 E. Franklin Road Nampa, ID 83651 Full Service B&M $19,179
    Washington Trust Bank 670 Se Bishop Blvd., Pullman, WA 99163 Full Service B&M $40,295
    Washington Trust Bank 706 West 2nd Avenue Spokane, WA 99201 Full Service B&M $161,855
    Washington Trust Bank 717 W Sprague Avenue Spokane, WA 99201 Full Service B&M $488,048
    Washington Trust Bank 7309 W. State Street Garden City, ID 83714 Full Service B&M $36,773
    Washington Trust Bank 759 South Wenatchee Avenue Wenatchee, WA 98801 Full Service B&M $50,426
    Washington Trust Bank 760 Sw 9th Avenue, Suite 1900 Portland, OR 97205 Full Service B&M $237,686
    Washington Trust Bank 7802 West Overland Road Boise, ID 83709 Full Service B&M $22,560
    Washington Trust Bank 7815 Division Street Spokane, WA 99208 Full Service B&M $127,672
    Washington Trust Bank 7930 Fairview Avenue Boise, ID 83704 Full Service B&M $14,756
    Washington Trust Bank 8050 N. Government Way Hayden, ID 83835 Full Service B&M $79,695
    Washington Trust Bank 8905 Sw Nimbus Avenue, Suite 125 Beaverton, OR 97008 Full Service B&M $0
    Washington Trust Bank 901 West Bannock Avenue Boise, ID 83702 Full Service B&M $119,303
    Washington Trust Bank 948 Pullman Road Moscow, ID 83843 Full Service B&M $9,459
    Washington Trust Bank South 903 Main Street Deer Park, WA 99006 Full Service B&M $69,614

    For 2019, Washington Trust Bank had 42 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $274,331
    Net interest income $255,034
    Total noninterest income $50,210
    Gross Fiduciary activities income $17,668
    Service charges on deposit accounts $6,820
    Trading account gains and fees $0
    Additional Noninterest Income $25,722
    Pre-tax net operating income $110,123
    Securities gains (or losses, -) $-1,853
    Income before extraordinary items $84,479
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $84,479
    Minority interest net income $0
    Net income $84,479
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $85,942

    Washington Trust Bank's gross interest income from loans was $274,331,000.
    Washington Trust Bank's net interest income from loans was $255,034,000.
    Washington Trust Bank's fee based income from loans was $6,820,000.
    Washington Trust Bank's net income from loans was $84,479,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $19,297
    Provision for credit losses $3,200
    Total noninterest expense $191,921
    Salaries and employee benefits $114,769
    Premises and equipment expense $20,499
    Additional noninterest expense $56,653
    Applicable income taxes $23,791
    Net charge-offs $-2,466
    Cash dividends $27,501

    Washington Trust Bank's interest expense for loans was $19,297,000.
    Washington Trust Bank's payroll and benefits expense were $114,769,000.
    Washington Trust Bank's property, plant and equipment expenses $20,499,000.

    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 0.1%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 4.0%

    Deposits

    Type Value (in 000's)
    Total deposits $6,234,593
    Deposits held in domestic offices $6,234,593
    Deposits by Individuals, partnerships, and corporations $6,160,636
    Deposits by U.S. Government $4,187
    Deposits by States and political subdivisions in the U.S. $69,339
    Deposits by Commercial banks and other depository institutions in U.S. $431
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $749,528
    Demand deposits $677,386
    Nontransaction accounts $5,485,065
    Money market deposit accounts (MMDAs) $4,940,652
    Other savings deposits (excluding MMDAs) $307,306
    Total time deposits $237,107
    Total time and savings deposits $5,557,207
    Noninterest-bearing deposits $2,824,865
    Interest-bearing deposits $3,409,728
    Retail deposits $6,191,424
    IRAs and Keogh plan accounts $34,066
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,151,922
    Cash & Balances due from depository institutions $626,556
    Interest-bearing balances $523,953
    Total securities $1,894,805
    Federal funds sold & reverse repurchase $0
    Net loans and leases $4,446,182
    Loan and leases loss allowance $96,415
    Trading account assets $0
    Bank premises and fixed assets $95,162
    Other real estate owned $0
    Goodwill and other intangibles $173
    All other assets $89,044

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,151,922
    Total Liabilities $6,476,969
    Total deposits $6,234,593
    Interest-bearing deposits $3,409,728
    Deposits held in domestic offices $6,234,593
    % insured (estimated) $45
    Federal funds purchased and repurchase agreements $163,069
    Trading liabilities $0
    Other borrowed funds $19,981
    Subordinated debt $0
    All other liabilities $59,326

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,446,182
    Loan and leases loss allowance $96,415
    Total loans and leases (domestic) $4,542,597
    All real estate loans $2,854,185
    Real estate loans in domestic offices $2,854,185
    Construction and development loans $461,067
    Residential 1-4 family construction $82,280
    Other construction, all land development and other land $378,787
    Loans secured by nonfarm nonresidential properties $1,307,785
    Nonfarm nonresidential secured by owner-occupied properties $642,858
    Commercial real estate & other non-farm, non-residential $664,927
    Multifamily residential real estate $177,247
    1-4 family residential loans $869,280
    Farmland loans $38,806
    Loans held in foreign offices $0
    Farm loans $226,569
    Commercial and industrial loans $1,210,405
    To non-U.S. addressees $0
    Loans to individuals $137,487
    Credit card loans $15,822
    Related Plans $61,367
    Consumer Auto Loans $11,316
    Other loans to individuals $48,982
    All other loans & leases $113,951
    Loans to foreign governments and official institutions $0
    Other loans $74,594
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $94,642
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $987
    Non 1-4 family restructured loans & leases $953
    Total loans and leases (foreign) $0

    Washington Trust Bank had $4,446,182,000 of loans outstanding in 2019. $2,854,185,000 of loans were in real estate loans. $461,067,000 of loans were in development loans. $177,247,000 of loans were in multifamily mortgage loans. $869,280,000 of loans were in 1-4 family mortgage loans. $226,569,000 of loans were in farm loans. $15,822,000 of loans were in credit card loans. $11,316,000 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 932 $277,886 $298,161
    Nonfarm, nonresidential loans - <$100k 96 $3,875 $40,365
    Nonfarm, nonresidential loans - $100-250k 283 $36,304 $128,283
    Nonfarm, nonresidential loans - $250k-1MM 553 $237,707 $429,850
    Commercial & Industrial, US addressed loans - <$1MM 4,679 $249,558 $53,336
    Commercial & Industrial, US addressed loans - <$100k 3,477 $44,712 $12,859
    Commercial & Industrial, US addressed loans - $100-250k 535 $44,838 $83,809
    Commercial & Industrial, US addressed loans - $250k-1MM 667 $160,008 $239,892
    Farmland loans - <$1MM 107 $22,235 $207,804
    Farmland loans - <$100k 8 $313 $39,125
    Farmland loans - $100-250k 45 $6,213 $138,067
    Farmland loans - $250k-1MM 54 $15,709 $290,907
    Agriculture operations loans - <$1MM 170 $17,218 $101,282
    Agriculture operations loans - <$100k 54 $1,175 $21,759
    Agriculture operations loans - $100-250k 46 $3,820 $83,043
    Agriculture operations loans - $250k-1MM 70 $12,223 $174,614