Washington Trust Bank
Washington Trust Bank reported total assets of $10.5 bn at Q2 2026, down 1.3% on a year earlier, the 150th largest of 497 banks in our US coverage. The CET1 capital ratio at Washington Trust Bank was 11.91%, and the uninsured share of Washington Trust Bank was 57.30%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Washington Trust Bank climbed from 384th to 220th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Washington Trust Bank has one of the highest uninsured share of domestic deposits readings among banks of $10 bn to $100 bn: 57.30% at , against a median of 38.56% across 126 banks (FDIC Call Reports).
What sets Washington Trust Bank apart
How large is Washington Trust Bank?
The balance sheet of Washington Trust Bank at : assets $10.5 bn, deposits $8.8 bn, net loans $7.3 bn (loans equal to 82.89% of deposits). Securities make up 21.3% of total assets at Washington Trust Bank. Since , when Washington Trust Bank held $5.1 bn, its assets grew 107.2%. In the year to , deposits at Washington Trust Bank rose 1.7% while its total assets fell 1.3%. At , Washington Trust Bank employed 1,242 full-time equivalent staff across 45 offices, about $8.5 mn of assets per employee and $196.2 mn of deposits per office.
How much funding at Washington Trust Bank is uninsured?
At Washington Trust Bank, uninsured deposits (above the FDIC limit) made up 57.30% of domestic deposits at (+1.49 pp on a year earlier); Washington Trust Bank ranks 38th of 500 on this measure. In dollars, Washington Trust Bank estimated $5.1 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $8.8 bn | +1.7% | 150th of 499 |
| Net loans and leases | $7.3 bn | +2.2% | 151st of 500 |
| Loan-to-deposit ratio | 82.89% | +0.38 pp | 304th of 500 |
| Tier 1 leverage ratio | 9.73% | +0.58 pp | 339th of 500 |
| Total risk-based capital ratio | 13.17% | +0.36 pp | 341st of 448 |
| Net interest margin | 3.84% | +0.59 pp | 187th of 500 |
| Return on assets (ROA) | 1.19% | +0.49 pp | 318th of 500 |
| Efficiency ratio | 66.67% | -5.50 pp | 406th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $223.9 mn | Narrowed by $44.0 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $18.5 mn | Narrowed by $3.8 mn | |
| Noncurrent loans to total loans | 0.73% | -0.23 pp | 290th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.05% | -0.37 pp | 202nd of 500 (1 = lowest) |
US rank of Washington Trust Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Washington Trust Bank: assets, deposits and loans
- Total assets $10.5bn
- Deposits $8.8bn
- Net loans $7.3bn
Capital and securities
The CET1 ratio of Washington Trust Bank stood at 11.91% in , +0.36 pp year on year. Low and high at Washington Trust Bank since : 11.54% () to 13.07% (). Equity capital of Washington Trust Bank at : $1.0 bn, or 9.6% of total assets. Washington Trust Bank also reported a total capital ratio of 13.17% for , and a tier 1 leverage ratio of 9.73%.
On held-to-maturity securities, Washington Trust Bank carried an unrealized loss of $223.9 mn at , equal to 22.2% of equity capital. The loss narrowed by $44.0 mn over the year. Its deepest point: $471.2 mn in . The available-for-sale portfolio of Washington Trust Bank showed an unrealized loss of $18.5 mn at ; the loss narrowed by $3.8 mn over the year.
Washington Trust Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.7%
Washington Trust Bank: unrealized securities gains and losses
- Available for sale -$19mn
- Held to maturity -$224mn
Profitability and loan quality
For the year to , Washington Trust Bank earned a return on equity of 12.78%; return on assets: 1.19%. Net interest margin at Washington Trust Bank: 3.84%, +0.59 pp in a year. Washington Trust Bank net income: $63.1 mn, up 70.4% year on year. The efficiency ratio of Washington Trust Bank was 66.67%: about 67 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 0.73% of total loans at Washington Trust Bank; net charge-offs: 0.05% of average loans. Gross loans and leases at Washington Trust Bank: $7.5 bn, up 2.1% in a year.
Washington Trust Bank: profitability
- Return on equity 13%
- Net interest margin 3.8%
- Return on assets 1.2%
Peer group of Washington Trust Bank
The peer group of Washington Trust Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Washington Trust Bank (state nonmember bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Washington. Against them, Washington Trust Bank shows CET1 ratio 11.91% against a peer median of 13.09%, return on equity 12.78% against a peer median of 21.59% and uninsured deposit share 57.30% against a peer median of 36.81%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Beal Bank USA | State nonmember bank | NV | $11.0 bn | 51.76% | 37.98% | 46.56% | |
| Burke & Herbert Bank & Trust Company | State member bank | VA | $11.0 bn | 13.32% | 8.92% | 35.09% | |
| WEX Bank | State nonmember bank | UT | $10.7 bn | 12.70% | 51.92% | 13.80% | |
| Washington Trust Bank | State nonmember bank | WA | $10.5 bn | 11.91% | 12.78% | 57.30% | |
| Charles Schwab Trust Bank | State member bank | TX | $10.5 bn | 79.60% | 27.48% | 5.38% | |
| Centier Bank | State nonmember bank | IN | $10.4 bn | 12.85% | 15.71% | 38.52% | |
| Stellar Bank | State member bank | TX | $10.4 bn | 12.79% | -4.12% | 58.47% | |
. FDIC Call Reports.
Last eight quarters
Two years at Washington Trust Bank, to : assets -4.7%, deposits +1.9%, equity +13.2%. Staff 1,190 to 1,242; offices 42 to 45.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $11.1 bn | $10.7 bn | $10.7 bn | $10.7 bn | $10.6 bn | $10.7 bn | $10.7 bn | $10.5 bn |
| Total deposits | $8.7 bn | $8.8 bn | $8.7 bn | $8.7 bn | $8.9 bn | $8.9 bn | $8.9 bn | $8.8 bn |
| Bank equity capital | $890.8 mn | $904.6 mn | $918.1 mn | $934.4 mn | $955.0 mn | $967.3 mn | $988.3 mn | $1.0 bn |
| CET1 ratio | 11.57% | 11.78% | 11.63% | 11.55% | 11.54% | 11.68% | 11.97% | 11.91% |
| Return on equity (ROE) | 5.48% | 6.50% | 7.57% | 8.07% | 9.28% | 10.16% | 13.31% | 12.78% |
| Uninsured share of domestic deposits | 56.03% | 56.53% | 55.87% | 55.81% | 56.89% | 57.54% | 56.74% | 57.30% |
| Full-time equivalent employees | 1,190 | 1,182 | 1,198 | 1,209 | 1,233 | 1,229 | 1,235 | 1,242 |
| Number of offices | 42 | 43 | 43 | 43 | 45 | 45 | 45 | 45 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Washington Trust Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Washington Trust Bank?
Washington Trust Bank reported $10.5 bn at in its Call Report. That makes Washington Trust Bank the 150th largest of 497 banks in our US coverage.
Is Washington Trust Bank the same as its holding company?
No. This page covers Washington Trust Bank, FDIC certificate 1281; W T B FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Washington Trust Bank profitable?
Washington Trust Bank reported net income of $63.1 mn for the year to ; annualized return on equity: 12.78%. So yes: Washington Trust Bank made a profit over these months.
When is data for Washington Trust Bank next updated?
Figures from Washington Trust Bank for are due after .
Where can I check the figures for Washington Trust Bank?
In the FDIC BankFind Suite record for certificate 1281, and in the Call Reports of Washington Trust Bank (RSSD ID 58971) at the FFIEC Central Data Repository.