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The Washington Trust Company, of Westerly
Westerly, RI · State-chartered bank (not a Fed member) · Part of Washington Trust Bcorp Inc
- Total assets
- $6.55B
- Q2 2026
- Deposits
- $5.36B
- Net income
- $29.38M
- first half of 2026
- Return on assets
- 0.90%
- Annualized
Bank details
As reported to the FDIC
- FDIC certificate
- 23623
- Main office
- Westerly, RI
- Holding company
- Washington Trust Bcorp Inc
- Charter
- State-chartered bank (not a Fed member)
- Primary federal regulator
- Federal Deposit Insurance Corporation (FDIC)
- Established
- 01/01/1800
- FDIC insured since
- 01/02/1982
- U.S. offices
- 30
- Employees (full-time equivalent)
- 668
- Specialty
- Commercial Lending Specialization
- Website
- www.washtrust.com
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.55B | $6.46B | $6.62B | $6.72B | $6.74B | $6.59B | $6.94B | $7.15B |
| Deposits | $5.36B | $5.17B | $5.28B | $5.23B | $5.05B | $5.04B | $5.12B | $5.18B |
| Net loans and leases | $5.09B | $5.01B | $5.13B | $5.12B | $5.14B | $5.08B | $5.4B | $5.49B |
| Securities | $897.2M | $924.3M | $953.2M | $975.3M | $975.5M | $921.6M | $920.3M | $977M |
| Equity capital | $568.7M | $561.4M | $557.8M | $546.5M | $544.3M | $538.1M | $516.6M | $518.2M |
| Net income (year to date) | $29.38M | $13.03M | $53.68M | $37.36M | $26.17M | $12.59M | -$26.34M | $34.01M |
| Return on assets | 0.90% | 0.80% | 0.80% | 0.74% | 0.77% | 0.74% | -0.37% | 0.63% |
| Return on equity | 10.44% | 9.31% | 9.93% | 9.29% | 9.82% | 9.55% | -5.28% | 9.17% |
| Net interest margin | 2.73% | 2.69% | 2.48% | 2.42% | 2.38% | 2.35% | 1.97% | 1.94% |
| Efficiency ratio | 63.6% | 64.3% | 65.6% | 66.4% | 68.5% | 70.4% | 101.8% | 69.3% |
| Noncurrent loans | 0.78% | 0.81% | 0.25% | 0.27% | 0.51% | 0.43% | 0.43% | 0.57% |
| Net charge-off rate | 0.00% | 0.00% | 0.27% | 0.37% | 0.11% | 0.17% | 0.04% | 0.00% |
| Leverage (core capital) ratio | 8.92% | 8.69% | 8.53% | 8.31% | 8.58% | 8.38% | 8.06% | 7.77% |
| Total risk-based capital ratio | 13.15% | 13.22% | 12.79% | 12.73% | 12.96% | 13.01% | 12.37% | 12.10% |
Assets fell 2.9% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$4.76B93.5%
- Commercial and industrial loans$126.8M2.5%
- Consumer loans$13.84M0.3%
Find bank branches in Rhode Island · Employees: 668
Frequently asked questions
- What is The Washington Trust Company, of Westerly's FDIC certificate number?
- The Washington Trust Company, of Westerly's FDIC certificate number is 23623.
- How big is The Washington Trust Company, of Westerly?
- The Washington Trust Company, of Westerly reported total assets of $6.55B and deposits of $5.36B as of Q2 2026.
- Is The Washington Trust Company, of Westerly FDIC insured?
- Yes. The Washington Trust Company, of Westerly has been insured by the FDIC since 01/02/1982. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026