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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  • SimulatedRates™
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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 Refi, Cash Out 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 by origination volume include: Spokane, Seattle, Boise City, Las Vegas, and Wenatchee among others. We have data for 77 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

    2,976

    Origination Dollar Volume (All Markets)

    $983,610,000

    Employee count

    1,059 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) 1,318 $323,180,000 $245,205 $3,330 3.55%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 290 $211,750,000 $730,172 $3,800 3.57%
    BOISE CITY, ID (FHA|USDA|VA) 308 $84,100,000 $273,052 $4,449 3.65%
    Outside of Metro Areas 223 $63,555,000 $285,000 $4,545 3.66%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $25,805,000 $5,161,000 $4,027 3.68%
    WENATCHEE, WA (FHA|USDA|VA) 113 $25,805,000 $228,363 $3,255 3.64%
    Sandpoint, ID (FHA|USDA|VA) 79 $24,175,000 $306,013 $5,305 3.60%
    Outside of Metro Areas 62 $22,040,000 $355,484 $4,533 3.53%
    Pullman, WA (FHA|USDA|VA) 94 $21,690,000 $230,745 $3,229 3.16%
    Moses Lake, WA (FHA|USDA|VA) 79 $15,995,000 $202,468 $3,701 3.66%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 61 $15,925,000 $261,066 $3,739 3.47%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 43 $15,735,000 $365,930 $3,715 3.45%
    Moscow, ID (FHA|USDA|VA) 31 $15,045,000 $485,323 $4,767 3.57%
    BEND, OR (FHA|USDA|VA) 32 $12,550,000 $392,188 $5,717 3.59%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 38 $11,440,000 $301,053 $4,011 3.24%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $9,790,000 $1,223,750 $6,346 3.64%
    Ellensburg, WA (FHA|USDA|VA) 12 $8,670,000 $722,500 $4,212 3.56%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 19 $7,715,000 $406,053 $2,934 3.51%
    LEWISTON, ID-WA (FHA|USDA|VA) 19 $7,375,000 $388,158 $4,040 3.35%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 12 $6,100,000 $508,333 $4,469 3.52%
    Oak Harbor, WA (FHA|USDA|VA) 8 $5,100,000 $637,500 $4,251 3.17%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 6 $4,890,000 $815,000 $3,032 4.02%
    Hailey, ID (FHA|USDA|VA) 6 $3,760,000 $626,667 $8,986 4.06%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $3,460,000 $576,667 $3,060 3.44%
    Prineville, OR (FHA|USDA|VA) 2 $2,260,000 $1,130,000 $0 3.88%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $2,180,000 $1,090,000 $4,215 3.50%
    MEDFORD, OR (FHA|USDA|VA) 9 $2,065,000 $229,444 $4,805 3.55%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,020,000 $505,000 $3,948 3.41%
    SALEM, OR (FHA|USDA|VA) 8 $2,000,000 $250,000 $5,290 3.14%
    TUCSON, AZ (FHA|USDA|VA) 3 $1,985,000 $661,667 $4,492 3.75%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,900,000 $475,000 $3,113 3.97%
    YAKIMA, WA (FHA|USDA|VA) 4 $1,410,000 $352,500 $5,065 3.63%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 5 $1,355,000 $271,000 $4,920 3.55%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,340,000 $670,000 $3,757 3.25%
    CORVALLIS, OR (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,802 3.56%
    Kapaa, HI (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $975,000 $975,000 $3,194 4.25%
    Port Angeles, WA (FHA|USDA|VA) 2 $790,000 $395,000 $4,178 2.81%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $785,000 $785,000 $9,256 3.25%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $780,000 $390,000 $2,848 3.63%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $735,000 $735,000 $6,308 3.13%
    SAVANNAH, GA (FHA|USDA|VA) 1 $735,000 $735,000 $4,176 3.25%
    Othello, WA (FHA|USDA|VA) 6 $720,000 $120,000 $2,987 3.87%
    Centralia, WA (FHA|USDA|VA) 3 $705,000 $235,000 $6,071 4.00%
    Brevard, NC (FHA|USDA|VA) 1 $675,000 $675,000 $5,314 3.38%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $655,000 $655,000 $0 3.88%
    Astoria, OR (FHA|USDA|VA) 2 $550,000 $275,000 $4,376 4.06%
    Shelton, WA (FHA|USDA|VA) 2 $530,000 $265,000 $3,958 2.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $515,000 $515,000 $6,030 3.38%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $515,000 $515,000 $3,620 2.63%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $505,000 $505,000 $2,957 3.50%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $480,000 $240,000 $2,261 3.13%
    Hood River, OR (FHA|USDA|VA) 1 $465,000 $465,000 $4,881 2.99%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $445,000 $445,000 $5,884 3.63%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $440,000 $220,000 $3,874 3.25%
    STOCKTON, CA (FHA|USDA|VA) 2 $430,000 $215,000 $3,290 2.94%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $390,000 $195,000 $994 3.81%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 4.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,108 3.38%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,764 3.38%
    Concord, NH (FHA|USDA|VA) 1 $285,000 $285,000 $3,587 3.13%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $285,000 $285,000 $3,639 3.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $3,778 3.63%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.00%
    Kalispell, MT (FHA|USDA|VA) 1 $255,000 $255,000 $3,094 2.63%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $3,382 2.88%
    RICHMOND, VA (FHA|USDA|VA) 1 $235,000 $235,000 $2,244 3.13%
    Ontario, OR-ID (FHA|USDA|VA) 1 $215,000 $215,000 $4,316 2.50%
    ERIE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $4,569 3.38%
    Nogales, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $2,621 2.50%
    YUMA, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $4,185 3.88%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,964 4.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,955 3.13%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $135,000 $135,000 $1,665 3.38%
    Mountain Home, ID (FHA|USDA|VA) 1 $115,000 $115,000 $6,409 2.25%
    Cedar City, UT (FHA|USDA|VA) 1 $75,000 $75,000 $2,878 4.00%
    Washington Trust Bank's top markets include Spokane, Seattle, Boise City, Las Vegas, and Wenatchee among others.

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

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 231
    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 280
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    People's Community Federal Credit Union
    Similarity Rank: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    PIONEER
    Similarity Rank: 553
    CONNECTIONS
    Similarity Rank: 585
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    First Credit Union
    Similarity Rank: 1034

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,110 $770,170,000 $365,009 $3,536 3.33%
    HELOC 726 $173,940,000 $239,587 n/a 4.26%
    FHA 68 $16,940,000 $249,118 $8,434 3.40%
    VA 67 $21,395,000 $319,328 $5,775 3.17%
    USDA 5 $1,165,000 $233,000 $6,482 3.48%

    For 2020, Washington Trust Bank's most frequently originated type of loan was Conventional, with 2,110 originations. Their 2nd most popular type was HELOC, with 726 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 972 $360,010,000 $370,381 $3,223 3.30%
    Cash Out Refi 737 $235,295,000 $319,261 $3,802 3.60%
    Home Purchase 734 $286,800,000 $390,736 $4,465 3.41%
    Other 306 $74,520,000 $243,529 $3,750 4.14%
    Home Improvement 227 $26,985,000 $118,877 $3,374 4.20%

    For 2020, Washington Trust Bank's most frequently cited loan purpose was Refi, with 972 originations. The 2nd most popular reason was Cash Out Refi, with 737 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,646 $580,700,000 $352,795 $3,979 3.36%
    20 Year 713 $124,825,000 $175,070 $3,185 4.10%
    15 Year 388 $100,450,000 $258,892 $3,164 3.01%
    1 Year 89 $50,875,000 $571,629 $0 4.49%
    10 Year 83 $47,865,000 $576,687 $2,041 4.05%
    Other 28 $34,270,000 $1,223,929 $0 4.26%
    30+ year 18 $10,210,000 $567,222 $5,638 4.13%
    5 Year 7 $5,765,000 $823,571 $0 4.23%
    3 Year 4 $28,650,000 $7,162,500 $955 3.84%

    For 2020, Washington Trust Bank's most frequently cited loan duration was 30 Year, with 1,646 originations. The 2nd most popular length was 20 Year, with 713 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,154 $402,230,000 $348,553
    $1k-2k 524 $123,760,000 $236,183
    $2k-3k 217 $72,185,000 $332,650
    $3k-4k 93 $33,175,000 $356,720
    $4k-5k 50 $20,710,000 $414,200
    $5k+ 40 $23,470,000 $586,750

    Washington Trust Bank's average total fees were $3,979, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,154 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,775 $618,555,000 $348,482
    2.5-3% 618 $177,500,000 $287,217
    4-5% 330 $149,810,000 $453,970
    5-6% 140 $16,350,000 $116,786
    <2.5% 108 $20,910,000 $193,611
    6-7% 4 $390,000 $97,500
    Over 8% 1 $95,000 $95,000

    During 2020, Washington Trust Bank's average interest rate for loans was 3.36%, while their most frequently originated rate bucket for loans was 3-4%, with 1,775 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,138 $321,820,000 $282,794 $3,923 3.36%
    $100k-200k 731 $108,985,000 $149,090 $3,114 3.57%
    $100,000 or less 452 $23,520,000 $52,035 $1,637 4.03%
    $400k-600k 392 $185,730,000 $473,801 $4,310 3.47%
    $600k-1MM 150 $113,190,000 $754,600 $5,119 3.64%
    $1MM+ 113 $230,365,000 $2,038,628 $5,782 3.76%

    2020 saw Washington Trust Bank place emphasis on $200k-400k loans with 1,138 originations, totaling $321,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 525 $140,105,000 $266,867 $3,850 3.56%
    $50k-75k 507 $94,385,000 $186,164 $3,621 3.45%
    $250k+ 503 $283,955,000 $564,523 $4,387 3.66%
    $150k-250k 467 $168,025,000 $359,797 $3,791 3.61%
    $75k-100k 351 $75,545,000 $215,228 $3,660 3.51%
    $50k or less 334 $46,260,000 $138,503 $3,529 3.59%

    Washington Trust Bank lent most frequently to those with incomes in the $100k-150k range, with 525 originations. The second most popular income band? $50k-75k, with 507 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 718 $209,650,000 $291,992 $3,533 3.42%
    30-36% 503 $148,075,000 $294,384 $3,750 3.49%
    <20% 453 $148,215,000 $327,185 $3,569 3.54%
    42% 105 $30,535,000 $290,810 $4,161 3.54%
    40% 100 $32,120,000 $321,200 $3,828 3.48%
    41% 95 $24,705,000 $260,053 $4,003 3.62%
    37% 90 $26,840,000 $298,222 $3,655 3.59%
    38% 90 $26,030,000 $289,222 $4,255 3.49%
    36% 89 $21,755,000 $244,438 $3,619 3.57%
    50-60% 84 $18,290,000 $217,738 $5,143 4.20%
    39% 80 $23,000,000 $287,500 $3,666 3.61%
    43% 79 $20,245,000 $256,266 $4,144 3.65%
    44% 70 $17,370,000 $248,143 $3,857 3.45%
    45% 58 $14,920,000 $257,241 $4,531 3.62%
    49% 57 $14,105,000 $247,456 $5,160 3.74%
    48% 53 $13,995,000 $264,057 $4,238 3.56%
    46% 44 $13,490,000 $306,591 $4,794 3.65%
    47% 43 $10,185,000 $236,860 $3,406 3.51%
    >60% 24 $10,130,000 $422,083 $3,261 4.08%

    Washington Trust Bank lent most frequently to those with DTI ratios of 20-30%, with 718 originations. The next most common DTI ratio? 30-36%, with 503 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,163 $599,745,000 $277,275 $3,749 3.52%
    Not provided 647 $233,495,000 $360,889 $3,934 3.63%
    Not applicable 89 $121,375,000 $1,363,764 $0 4.14%
    Asian 34 $13,840,000 $407,059 $3,353 3.28%
    Asian Indian 7 $5,845,000 $835,000 $4,103 3.20%
    American Indian 17 $3,945,000 $232,059 $3,681 3.40%
    Black 15 $3,625,000 $241,667 $3,292 3.55%
    Other Asian 1 $885,000 $885,000 $3,510 3.00%
    Native Hawaiian or Islander 2 $500,000 $250,000 $2,452 3.13%
    Other Pacific Islander 1 $355,000 $355,000 $4,601 3.13%

    Approval Rates

    Total approvals of all applications
    86.10%

    Washington Trust Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.28%

    Washington Trust Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    76.07 1 $95,000 $95,000
    NA 2,975 $983,515,000 $330,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,255,000 $418,333
    Multifamily:Site-Built 27 $84,925,000 $3,145,370
    Single Family (1-4 Units):Manufactured 88 $9,110,000 $103,523
    Single Family (1-4 Units):Site-Built 2,858 $888,320,000 $310,819

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 452 $108,720,000 $240,531 $3,071 3.74%
    40-60% 617 $221,495,000 $358,987 $3,206 3.33%
    60-80% 1,019 $430,625,000 $422,596 $3,868 3.45%
    80-100% 463 $164,695,000 $355,713 $4,873 3.44%
    Over 100% 7 $2,615,000 $373,571 $12,665 3.28%
    Under 20% 361 $33,585,000 $93,033 $962 4.03%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 2 33.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 33.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Struggling to pay mortgage 1 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Washington Trust Bank 105 W 8th Avenue Spokane, WA 99204 Full Service B&M $50,818
    Washington Trust Bank 10500 Ne 8th Street, Suite 1100 Bellevue, WA 98004 Full Service B&M $808,685
    Washington Trust Bank 10609 W State Route 2 Spokane, WA 99224 Full Service B&M $109,505
    Washington Trust Bank 12 Basin Street, N.W. Ephrata, WA 98823 Full Service B&M $67,022
    Washington Trust Bank 1427 North Liberty Lake Road Liberty Lake, WA 99019 Full Service B&M $214,737
    Washington Trust Bank 1518 21st St Lewiston, ID 83501 Full Service B&M $38,479
    Washington Trust Bank 1601 E Seltice Way Post Falls, ID 83854 Full Service B&M $92,820
    Washington Trust Bank 1851 N Wenatchee Ave. Wenatchee, WA 98801 Full Service B&M $76,148
    Washington Trust Bank 1906 West Francis Avenue Spokane, WA 99205 Full Service B&M $119,056
    Washington Trust Bank 218 E Lakeside Avenue Coeur D Alene, ID 83814 Full Service B&M $126,290
    Washington Trust Bank 2200 North Cassia Street Nampa, ID 83651 Full Service B&M $51,464
    Washington Trust Bank 222 Troy Rd Moscow, ID 83843 Full Service B&M $17,167
    Washington Trust Bank 2415 E 29th Avenue Spokane, WA 99223 Full Service B&M $144,555
    Washington Trust Bank 27 E Indiana Avenue Spokane, WA 99207 Full Service B&M $230,413
    Washington Trust Bank 310 North Argonne Road Spokane, WA 99212 Full Service B&M $253,989
    Washington Trust Bank 3103 South Grand Blvd. Spokane, WA 99203 Full Service B&M $135,726
    Washington Trust Bank 3250 W. Clearwater Avenue Kennewick, WA 99336 Full Service B&M $185,969
    Washington Trust Bank 3251 East Presidential Drive Meridian, ID 83642 Full Service B&M $206,712
    Washington Trust Bank 3510 East Sprague Avenue Spokane, WA 99202 Full Service B&M $188,012
    Washington Trust Bank 3810 North Maple Street Spokane, WA 99205 Full Service B&M $64,506
    Washington Trust Bank 402 S Ash Street Moses Lake, WA 98837 Full Service B&M $199,127
    Washington Trust Bank 4037 East Clocktower Lane, #12 Meridian, ID 83642 Full Service B&M $4,023
    Washington Trust Bank 407 N Sullivan Road Spokane Valley, WA 99037 Full Service B&M $284,571
    Washington Trust Bank 438 E. Hastings Road Spokane, WA 99218 Full Service B&M $117,416
    Washington Trust Bank 509 Central Avenue South Quincy, WA 98848 Full Service B&M $80,261
    Washington Trust Bank 509 North 5th Avenue Suite E Sandpoint, ID 83864 Full Service B&M $55,888
    Washington Trust Bank 523 Valley Mall Parkway East Wenatchee, WA 98802 Full Service B&M $112,621
    Washington Trust Bank 601 Union St. Ste 4747 Seattle, WA 98101 Full Service B&M $1,520,247
    Washington Trust Bank 6010 E. Franklin Road Nampa, ID 83651 Full Service B&M $41,062
    Washington Trust Bank 670 Se Bishop Blvd., Pullman, WA 99163 Full Service B&M $68,318
    Washington Trust Bank 706 West 2nd Avenue Spokane, WA 99201 Full Service B&M $194,037
    Washington Trust Bank 717 W Sprague Avenue Spokane, WA 99201 Full Service B&M $689,917
    Washington Trust Bank 7309 W. State Street Garden City, ID 83714 Full Service B&M $58,886
    Washington Trust Bank 759 South Wenatchee Avenue Wenatchee, WA 98801 Full Service B&M $63,142
    Washington Trust Bank 760 Sw 9th Avenue, Suite 1900 Portland, OR 97205 Full Service B&M $324,352
    Washington Trust Bank 7802 West Overland Road Boise, ID 83709 Full Service B&M $47,242
    Washington Trust Bank 7815 Division Street Spokane, WA 99208 Full Service B&M $130,669
    Washington Trust Bank 8050 N. Government Way Hayden, ID 83835 Full Service B&M $104,158
    Washington Trust Bank 901 West Bannock Avenue Boise, ID 83702 Full Service B&M $174,996
    Washington Trust Bank South 903 Main Street Deer Park, WA 99006 Full Service B&M $87,783

    For 2020, Washington Trust Bank had 40 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $287,446
    Net interest income $272,233
    Total noninterest income $63,588
    Gross Fiduciary activities income $18,862
    Service charges on deposit accounts $5,845
    Trading account gains and fees $0
    Additional Noninterest Income $38,881
    Pre-tax net operating income $95,590
    Securities gains (or losses, -) $3,889
    Income before extraordinary items $77,553
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $77,553
    Minority interest net income $0
    Net income $77,553
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $74,480

    Washington Trust Bank's gross interest income from loans was $287,446,000.
    Washington Trust Bank's net interest income from loans was $272,233,000.
    Washington Trust Bank's fee based income from loans was $5,845,000.
    Washington Trust Bank's net income from loans was $77,553,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,213
    Provision for credit losses $33,000
    Total noninterest expense $207,231
    Salaries and employee benefits $129,341
    Premises and equipment expense $21,597
    Additional noninterest expense $56,293
    Applicable income taxes $21,926
    Net charge-offs $-3,396
    Cash dividends $29,108

    Washington Trust Bank's interest expense for loans was $15,213,000.
    Washington Trust Bank's payroll and benefits expense were $129,341,000.
    Washington Trust Bank's property, plant and equipment expenses $21,597,000.

    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 $8,715,105
    Deposits held in domestic offices $8,715,105
    Deposits by Individuals, partnerships, and corporations $8,640,565
    Deposits by U.S. Government $14,774
    Deposits by States and political subdivisions in the U.S. $59,485
    Deposits by Commercial banks and other depository institutions in U.S. $281
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $995,324
    Demand deposits $901,422
    Nontransaction accounts $7,719,781
    Money market deposit accounts (MMDAs) $7,071,251
    Other savings deposits (excluding MMDAs) $423,948
    Total time deposits $224,582
    Total time and savings deposits $7,813,683
    Noninterest-bearing deposits $4,167,608
    Interest-bearing deposits $4,547,497
    Retail deposits $8,666,152
    IRAs and Keogh plan accounts $32,750
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $9,803,057
    Cash & Balances due from depository institutions $1,564,865
    Interest-bearing balances $1,463,300
    Total securities $2,577,336
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,458,721
    Loan and leases loss allowance $132,811
    Trading account assets $0
    Bank premises and fixed assets $98,620
    Other real estate owned $0
    Goodwill and other intangibles $236
    All other assets $103,279

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $9,803,057
    Total Liabilities $9,024,097
    Total deposits $8,715,105
    Interest-bearing deposits $4,547,497
    Deposits held in domestic offices $8,715,105
    % insured (estimated) $39
    Federal funds purchased and repurchase agreements $216,428
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $92,564

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,458,721
    Loan and leases loss allowance $132,811
    Total loans and leases (domestic) $5,591,532
    All real estate loans $3,181,695
    Real estate loans in domestic offices $3,181,695
    Construction and development loans $531,626
    Residential 1-4 family construction $75,563
    Other construction, all land development and other land $456,063
    Loans secured by nonfarm nonresidential properties $1,420,530
    Nonfarm nonresidential secured by owner-occupied properties $678,559
    Commercial real estate & other non-farm, non-residential $741,971
    Multifamily residential real estate $207,934
    1-4 family residential loans $976,987
    Farmland loans $44,618
    Loans held in foreign offices $0
    Farm loans $236,216
    Commercial and industrial loans $1,917,962
    To non-U.S. addressees $0
    Loans to individuals $114,867
    Credit card loans $11,583
    Related Plans $56,080
    Consumer Auto Loans $11,534
    Other loans to individuals $35,670
    All other loans & leases $140,792
    Loans to foreign governments and official institutions $0
    Other loans $110,328
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $88,626
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $953
    Non 1-4 family restructured loans & leases $850
    Total loans and leases (foreign) $0

    Washington Trust Bank had $5,458,721,000 of loans outstanding in 2020. $3,181,695,000 of loans were in real estate loans. $531,626,000 of loans were in development loans. $207,934,000 of loans were in multifamily mortgage loans. $976,987,000 of loans were in 1-4 family mortgage loans. $236,216,000 of loans were in farm loans. $11,583,000 of loans were in credit card loans. $11,534,000 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 925 $286,090 $309,286
    Nonfarm, nonresidential loans - <$100k 94 $3,960 $42,128
    Nonfarm, nonresidential loans - $100-250k 263 $32,327 $122,916
    Nonfarm, nonresidential loans - $250k-1MM 568 $249,803 $439,794
    Commercial & Industrial, US addressed loans - <$1MM 7,829 $569,729 $72,772
    Commercial & Industrial, US addressed loans - <$100k 5,806 $103,236 $17,781
    Commercial & Industrial, US addressed loans - $100-250k 963 $114,279 $118,670
    Commercial & Industrial, US addressed loans - $250k-1MM 1,060 $352,214 $332,277
    Farmland loans - <$1MM 99 $6,912 $69,818
    Farmland loans - <$100k 7 $334 $47,714
    Farmland loans - $100-250k 39 $2,889 $74,077
    Farmland loans - $250k-1MM 53 $3,689 $69,604
    Agriculture operations loans - <$1MM 340 $30,194 $88,806
    Agriculture operations loans - <$100k 200 $5,084 $25,420
    Agriculture operations loans - $100-250k 58 $5,338 $92,034
    Agriculture operations loans - $250k-1MM 82 $19,772 $241,122