The Washington Trust Company, of Westerly
The Washington Trust Company, of Westerly reported total assets of $6.6 bn at Q2 2026, down 2.9% from a year earlier. That ranks 232nd among 497 banks reporting this metric (1 = highest). Its common equity tier 1 ratio was 12.22%, and an estimated 27.07% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Return on equity (ROE): up 1.13 pp on Q1 2026, to 10.44%
- Uninsured share of domestic deposits: up 1.02 pp on Q1 2026, to 27.07%
- Total deposits: up 3.7% on Q1 2026, to $5.4 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about The Washington Trust Company, of Westerly?
Nothing in the latest data sets The Washington Trust Company, of Westerly apart from its size peers or the rest of the table: no unusual quarterly move, peer gap, rank change or outlier ratio. This page is kept out of search results until that changes.
How large is The Washington Trust Company, of Westerly?
At Q2 2026 the bank held $6.6 bn of assets. Deposits were $5.4 bn and net loans and leases $5.1 bn, a loan-to-deposit ratio of 94.97%. Securities of $897.2 mn made up 13.7% of assets.
Total assets rose 70.7% between Q1 2016 and Q2 2026, from $3.8 bn.
How much of its funding is uninsured?
An estimated 27.07% of domestic deposits were above the FDIC insurance limit at Q2 2026, +1.02 pp from the previous quarter and +0.02 pp from a year earlier. That share ranks 352nd among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $6.6 bn | -2.9% | 232nd of 497 |
| Total deposits | $5.4 bn | +6.3% | 234th of 499 |
| Net loans and leases | $5.1 bn | -0.8% | 207th of 500 |
| Bank equity capital | $568.7 mn | +4.5% | 273rd of 498 |
| Common equity tier 1 (CET1) ratio | 12.22% | +0.15 pp | 315th of 448 |
| Tier 1 leverage ratio | 8.92% | +0.33 pp | 440th of 500 |
| Return on equity (ROE) | 10.44% | +0.62 pp | 329th of 500 |
| Net interest margin | 2.73% | +0.35 pp | 448th of 500 |
| Uninsured share of domestic deposits | 27.07% | +0.02 pp | 352nd of 500 |
| Noncurrent loans to total loans | 0.78% | +0.27 pp | 302nd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | -0.11 pp | 70th of 500 (1 = lowest) |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026.
- Total assets $6.6bn
- Deposits $5.4bn
- Net loans $5.1bn
Capital and securities
The common equity tier 1 (CET1) ratio was 12.22% at Q2 2026, +0.15 pp from a year earlier. Since Q1 2016 it has ranged from 10.65% (Q3 2023) to 13.02% (Q1 2022). At Q2 2026 the tier 1 leverage ratio was 8.92% and the total risk-based capital ratio 13.15%. The median CET1 ratio of the size peers listed below was 13.32% at Q2 2026.
Available-for-sale securities showed an unrealized loss of $96.7 mn at Q2 2026; the loss narrowed by $16.8 mn from a year earlier.
Capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 8.9%
Unrealized gains and losses on securities
- Available for sale -$97mn
- Held to maturity $0
Profitability and loan quality
Return on equity was 10.44% for the year to Q2 2026, annualized, with a return on assets of 0.90% and a net interest margin of 2.73%. The margin was +0.35 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 63.62%. Net income for the year to Q2 2026 was $29.4 mn, up 12.3% on the same period a year earlier. The median return on equity of its size peers was 10.24% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.78% of total loans at Q2 2026. Net charge-offs for the year to date were 0.00% of average loans, annualized.
Profitability
- Return on equity 10%
- Net interest margin 2.7%
- Return on assets 0.9%
Compared with banks of similar size
The six banks ranked closest to The Washington Trust Company, of Westerly by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, The Washington Trust Company, of Westerly is 4th by total assets. Its CET1 ratio of 12.22% compares with a peer median of 13.32%, its tier 1 leverage ratio of 8.92% compares with a peer median of 9.88%, and its return on equity of 10.44% compares with a peer median of 10.24%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Midland States Bank | $6.7 bn | 13.59% | 13.18% | 22.73% | |
| First Bank | $6.7 bn | 13.06% | 8.03% | 29.61% | |
| SMBC MANUBANK | $6.6 bn | 23.92% | -32.51% | 79.00% | |
| The Washington Trust Company, of Westerly | $6.6 bn | 12.22% | 10.44% | 27.07% | |
| Horizon Bank | $6.5 bn | 12.60% | 14.53% | 26.21% | |
| TrustCo Bank | $6.5 bn | 14.48% | 12.45% | 21.99% | |
| United Fidelity Bank, fsb | $6.5 bn | 11.08% | -0.86% | 18.30% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 13.32%, return on equity 10.24%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
The Washington Trust Company, of Westerly, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets fell 8.3% to $6.6 bn, deposits rose 3.6% to $5.4 bn and bank equity capital rose 9.7% to $568.7 mn. Over the same period its full-time equivalent staff went from 619 to 668 and its offices went from 30 to 30.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.1 bn | $6.9 bn | $6.6 bn | $6.7 bn | $6.7 bn | $6.6 bn | $6.5 bn | $6.6 bn |
| Total deposits | $5.2 bn | $5.1 bn | $5.0 bn | $5.0 bn | $5.2 bn | $5.3 bn | $5.2 bn | $5.4 bn |
| Bank equity capital | $518.2 mn | $516.6 mn | $538.1 mn | $544.3 mn | $546.5 mn | $557.8 mn | $561.4 mn | $568.7 mn |
| Common equity tier 1 (CET1) ratio | 11.27% | 11.54% | 12.12% | 12.07% | 11.93% | 11.98% | 12.31% | 12.22% |
| Return on equity (ROE) | 9.17% | -5.28% | 9.55% | 9.82% | 9.29% | 9.93% | 9.31% | 10.44% |
| Uninsured share of domestic deposits | 26.27% | 26.62% | 27.32% | 27.05% | 27.72% | 26.86% | 26.04% | 27.07% |
| Full-time equivalent employees | 619 | 618 | 618 | 632 | 627 | 642 | 643 | 668 |
| Number of offices | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
The FDIC history records no mergers or acquisitions for The Washington Trust Company, of Westerly since Q1 2016, and its total assets never moved more than 25% in one quarter.
Identifiers and sources
- FDIC certificate
- 23623
- Federal Reserve RSSD ID
- 816603
- Head office
- Westerly, Rhode Island
- Holding company
- WASHINGTON TRUST BCORP INC (as reported to the FDIC)
- Holding company RSSD ID
- 1115349
- EconoMonitor ID
- EMB-US-000308
Frequently asked questions
What were The Washington Trust Company, of Westerly's total assets?
$6.6 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 232nd among 497 banks reporting this metric (1 = highest).
Is The Washington Trust Company, of Westerly the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 23623). Its holding company, WASHINGTON TRUST BCORP INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after The Washington Trust Company, of Westerly files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 23623, and in the Call Reports filed under RSSD ID 816603 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.