The Washington Trust Company, of Westerly

What sets The Washington Trust Company, of Westerly apart

How large is The Washington Trust Company, of Westerly?

The balance sheet of The Washington Trust Company, of Westerly at Q2 2026: assets $6.6 bn, deposits $5.4 bn, net loans $5.1 bn (loans equal to 94.97% of deposits). Securities make up 13.7% of total assets at The Washington Trust Company, of Westerly. Since Q1 2016, when The Washington Trust Company, of Westerly held $3.8 bn, its assets grew 70.7%. In the year to Q2 2026, deposits at The Washington Trust Company, of Westerly rose 6.3% while its total assets fell 2.9%. At Q2 2026, The Washington Trust Company, of Westerly employed 668 full-time equivalent staff across 30 offices, about $9.8 mn of assets per employee and $178.8 mn of deposits per office.

How much funding at The Washington Trust Company, of Westerly is uninsured?

At The Washington Trust Company, of Westerly, uninsured deposits (above the FDIC limit) made up 27.07% of domestic deposits at Q2 2026 (+0.02 pp on a year earlier); The Washington Trust Company, of Westerly ranks 352nd of 500 on this measure. In dollars, The Washington Trust Company, of Westerly estimated $1.5 bn of uninsured deposits.

Key facts, Q2 2026

US rank of The Washington Trust Company, of Westerly: 1 = highest unless marked 1 = lowest.

The CET1 ratio of The Washington Trust Company, of Westerly stood at 12.22% in Q2 2026, +0.15 pp year on year. Low and high at The Washington Trust Company, of Westerly since Q1 2016: 10.65% (Q3 2023) to 13.02% (Q1 2022). Equity capital of The Washington Trust Company, of Westerly at Q2 2026: $568.7 mn, or 8.7% of total assets. The Washington Trust Company, of Westerly also reported a total capital ratio of 13.15% for Q2 2026, and a tier 1 leverage ratio of 8.92%.

The available-for-sale portfolio of The Washington Trust Company, of Westerly showed an unrealized loss of $96.7 mn at Q2 2026; the loss narrowed by $16.8 mn over the year.

For the year to Q2 2026, The Washington Trust Company, of Westerly earned a return on equity of 10.44%; return on assets: 0.90%. Net interest margin at The Washington Trust Company, of Westerly: 2.73%, +0.35 pp in a year. The Washington Trust Company, of Westerly net income: $29.4 mn, up 12.3% year on year. The efficiency ratio of The Washington Trust Company, of Westerly was 63.62%: about 64 cents cost per revenue dollar, against 57 cents at the median peer.

At Q2 2026, noncurrent loans were 0.78% of total loans at The Washington Trust Company, of Westerly; net charge-offs: 0.00% of average loans. Gross loans and leases at The Washington Trust Company, of Westerly: $5.1 bn, down 0.8% in a year.

The peer group of The Washington Trust Company, of Westerly is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 2 share the charter type of The Washington Trust Company, of Westerly (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Rhode Island. Against them, The Washington Trust Company, of Westerly shows CET1 ratio 12.22% against a peer median of 13.32%, return on equity 10.44% against a peer median of 10.24% and uninsured deposit share 27.07% against a peer median of 24.47%.

No merger or acquisition by The Washington Trust Company, of Westerly appears in the FDIC history since Q1 2016, and its total assets never moved more than 25% in one quarter.