Washington Trust Bank Mortgage Rates, Fees & Info
Spokane, WALEI: 549300P2GEYNMH5OQA71
Tax ID: 91-0462347
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Mortgage Data
Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.88% | 4/28/24 |
| 30 Year Conventional Purchase | 6.59% | 4/28/24 |
| 30 Year Conventional Refi | 6.57% | 4/28/24 |
| 30 Year Cash-out Refi | 6.71% | 4/28/24 |
| 30 Year FHA Purchase | 7.45% | 4/28/24 |
| 30 Year VA Purchase | 6.12% | 4/28/24 |
| 30 Year VA Refi | 6.09% | 4/28/24 |
| 30 Year USDA Purchase | 6.57% | 4/28/24 |
| 15 Year Conventional Purchase | 6.41% | 4/28/24 |
| 15 Year Conventional Refi | 5.98% | 4/28/24 |
| 15 Year Cash-out Refi | 5.98% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,970Origination Dollar Volume (All Markets)
$1,064,410,000Employee count
1,084Awards
Washington Trust Bank - 2021
Washington Trust Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2021 saw Washington Trust Bank place emphasis on $200k-400k loans with 989 originations, totaling $280,485,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications86.74%
Washington Trust Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.83%
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
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 |