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

Review & 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 by origination volume include: Spokane, Seattle, Boise City, Sandpoint, and Moses Lake among others. We have data for 84 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

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

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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

2,970

Origination Dollar Volume (All Markets)

$1,064,410,000

Employee count

1,084

Awards

Washington Trust Bank 30 Year Conventional Loans bronze

Washington Trust Bank 30 Year Conventional Loans silver

Washington Trust Bank 30 Year Conventional Loans gold

Show all (5) 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)	1,277	$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.

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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CONNECTIONS
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PIONEER
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HERITAGE GROVE Federal Credit Union
Similarity Rank: 1010

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	1,914	$778,170,000	$406,567	$3,925	3.10%
HELOC	949	$257,615,000	$271,459	n/a	3.91%
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 2021, Washington Trust Bank's most frequently originated type of loan was Conventional, with 1,914 originations. Their 2nd most popular type was HELOC, with 949 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Washington Trust Bank's most frequently cited loan purpose was Cash Out Refi, with 833 originations. The 2nd most popular reason was 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 2021, Washington Trust Bank's most frequently cited loan duration was 30 Year, with 1,543 originations. The 2nd most popular length was 20 Year, with 594 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	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	75	$27,635,000	$368,467
$5k+	47	$31,475,000	$669,681
$4k-5k	39	$16,435,000	$421,410

Washington Trust Bank's average total fees were $4,236, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.08%, while their most frequently originated rate bucket for loans was 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 or Islander	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
86.74%

Washington Trust Bank has an average approval rate.

Pick Rate

Approvals leading to origination
82.83%

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	105 W 8th Avenue Spokane, WA 99204	Full Service B&M	$54,905
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	2437 172nd St Ne, Ste L103 Marysville, WA 98271	Full Service B&M	$8,812
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
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	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

For 2021, Washington Trust Bank had 41 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$308,613
Net interest income	$299,033
Total noninterest income	$67,944
Gross Fiduciary activities income	$21,811
Service charges on deposit accounts	$6,088
Trading account gains and fees	$0
Additional Noninterest Income	$40,045
Pre-tax net operating income	$129,352
Securities gains (or losses, -)	$0
Income before extraordinary items	$101,090
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$101,090
Minority interest net income	$0
Net income	$101,090
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$101,090

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.

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	$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