The Washington Trust Company, of Westerly: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
The Washington Trust Company, of Westerly is a community bank chartered in 1800, based in Westerly, RI. Profitability tracks the broader industry: ROA 1.00%, ROE 11.57%, NIM 2.73%. The Washington Trust Company, of Westerly's Q2 2026 balance sheet shows $6.6B in assets funded primarily by $5.4B in customer deposits. Regulatory capital is solid, 12.22% CET1 and 13.15% total risk-based capital ratio. Asset quality is solid, 0.92% nonperforming loans and a 8.73% Texas Ratio. Its footprint covers 30 branches concentrated in Rhode Island.
As of June 30, 2026, The Washington Trust Company, of Westerly reported a CET1 capital ratio of 12.22%, a return on assets of 1.00%, a nonperforming-loan ratio of 0.92%, a Texas ratio of 8.73%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 23 Broad St, Westerly, RI 02891
- County
- Washington
- Metro Area
- Providence-Warwick, RI-MA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1800
- Former names
- The Washington Trust Company, of Westerly (2014)
- Offices
- 30 domestic
- Employees (FTE)
- 668
- Domestic deposits
- $5.36B
- Allowance for credit losses
- $42.6M
- Net charge-offs (YTD)
- $65K
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 2, 1982
- FDIC Cert
- 23623
- Fed RSSD
- 816603
- SEC CIK
- 737468 → filed by WASHINGTON TRUST BANCORP, INC.
- Website
- www.washtrust.com →
- Parent Holding Company
- WASHINGTON TRUST BANCORP, INC. (RSSD 1115349) · WASH
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Handy Edward O. Iii | CEO | Chairman and CEO |
| Ohsberg Ronald S. | CFO | SEVP, CFO and Treasurer |
| Noons Mary E. | COO | President and COO |
| Wray William K. Sr. | CRO | SEVP and Chief Risk Officer |
Profitability
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full The Washington Trust Company, of Westerly terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock The Washington Trust Company, of Westerly, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
The Washington Trust Company, of Westerly rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.22% | 1.00% | 0.92% | 8.73% | 2.73% |
| Q1 2026 | 12.31% | 0.78% | 0.95% | 9.00% | 2.61% |
| Q4 2025 | 11.98% | 0.97% | 0.40% | 3.91% | 2.58% |
| Q3 2025 | 11.93% | 0.65% | 0.50% | 5.03% | 2.43% |
| Q2 2025 | 12.07% | 0.80% | 0.63% | 6.27% | 2.36% |
| Q1 2025 | 12.12% | 0.73% | 0.55% | 5.48% | 2.27% |
| Q4 2024 | 11.54% | -3.38% | 0.52% | 5.76% | 1.93% |
| Q3 2024 | 11.27% | 0.62% | 0.56% | 6.31% | 1.86% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 29 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Washington Trust Company, of Westerly | Westerly , RI | 02891 | $1.75B |
| Sweet Meadows Branch | Narragansett , RI | 02882 | $357.8M |
| Westminster Street Branch | Providence , RI | 02903 | $319.8M |
| Franklin Street Branch | Westerly , RI | 02891 | $309.3M |
| Centerville Road Branch | Warwick , RI | 02886 | $273.7M |
| North Kingstown Branch | North Kingstown , RI | 02852 | $235.9M |
| Charlestown Branch | Charlestown , RI | 02813 | $220.2M |
| Richmond Branch | Wyoming , RI | 02898 | $190.1M |
| Oaklawn Branch | Cranston , RI | 02920 | $180.1M |
| Wakefield Branch | Wakefield , RI | 02879 | $174.0M |
| Governor Francis Branch | Warwick , RI | 02888 | $141.5M |
| Reservoir Avenue Branch | Cranston , RI | 02910 | $134.6M |
| East Greenwich Branch Office | East Greenwich , RI | 02818 | $131.5M |
| East Providence Branch | East Providence , RI | 02914 | $131.0M |
| Bonnet Shores Branch | Narragansett , RI | 02882 | $107.5M |
| Mcquade's Mystic Branch | Mystic , CT | 06355 | $98.7M |
| Johnston Branch | Johnston , RI | 02919 | $94.3M |
| Plainfield Pike Branch | Cranston , RI | 02921 | $75.2M |
| Block Island Branch | Block Island , RI | 02807 | $67.4M |
| Coventry Branch | Coventry , RI | 02816 | $61.2M |
| East Side Branch | Providence , RI | 02906 | $59.5M |
| North Providence Branch | North Providence , RI | 02904 | $54.7M |
| Rumford Branch | Rumford , RI | 02916 | $50.4M |
| Cumberland Branch Office | Cumberland , RI | 02864 | $49.4M |
| Mcquade's Westerly Branch | Westerly , RI | 02891 | $33.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2019 | Structure Change | Acquired Halsey Associates, Inc Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 17, 2002 | Structure Change | Acquired First Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 16, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 26, 1999 | Structure Change | Acquired PierBank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 25, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
What the public regulatory sources show for The Washington Trust Company, of Westerly, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 11.6% of deposits in RI, rank 3 of 17 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,363 applications, 1,290 loans originated, $477.8M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about The Washington Trust Company, of Westerly
What are The Washington Trust Company, of Westerly's total assets?
As of the Q2 2026 filing, The Washington Trust Company, of Westerly reported total assets of $6.55 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is The Washington Trust Company, of Westerly headquartered?
The Washington Trust Company, of Westerly is headquartered in Westerly, RI, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was The Washington Trust Company, of Westerly founded?
The Washington Trust Company, of Westerly was established in 1800, per the FDIC institution directory.
Is The Washington Trust Company, of Westerly FDIC-insured?
Yes. The Washington Trust Company, of Westerly is an FDIC-insured commercial bank (FDIC Certificate #23623). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Washington Trust Company, of Westerly?
The Washington Trust Company, of Westerly's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is The Washington Trust Company, of Westerly's CET1 capital ratio?
The Washington Trust Company, of Westerly reported a Common Equity Tier 1 (CET1) capital ratio of 12.22% in its Q2 2026 call report, above regulatory requirements.
How many branches does The Washington Trust Company, of Westerly operate?
The Washington Trust Company, of Westerly operates 30 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Washington Trust Company, of Westerly's Texas Ratio?
The Washington Trust Company, of Westerly's Texas Ratio is 8.73% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was The Washington Trust Company, of Westerly previously called?
The charter now named The Washington Trust Company, of Westerly has also operated as The Washington Trust Company, of Westerly (2014), per FDIC structure-change records.
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