The Washington Trust Company, of Westerly: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
Compared with Q1 2026, Cost of borrowings rose 0.33 percentage points in Q2 2026 to 6.04%, the biggest move on this page. On net interest margin, The Washington Trust Company, of Westerly is 1st from the bottom among 5 Rhode Island banks, 2.73% (Q2 2026). The Washington Trust Company, of Westerly reported 2.73% on net interest margin for Q2 2026, 0.98 points below the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.03% |
| Yield on loans | 5.19% |
| Yield on securities | 3.40% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.48% |
| Cost of interest-bearing deposits | 2.37% |
| Cost of interest-bearing liabilities | 2.76% |
| Cost of borrowings | 6.04% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 2.73% |
| Yield to cost spread | 2.27% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $65.2M |
| Total interest expense | $35.7M |
| Interest expense on deposits | $27.6M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 5.06% | 3.29% | 1.99% | 5.18% | 2.47% |
| Q4 2023 | 5.17% | 3.51% | 1.89% | 5.29% | 2.48% |
| Q1 2024 | 5.23% | 3.62% | 1.83% | 5.35% | 2.48% |
| Q2 2024 | 5.26% | 3.68% | 1.82% | 5.40% | 2.47% |
| Q3 2024 | 5.34% | 3.72% | 1.86% | 5.47% | 2.46% |
| Q4 2024 | 5.08% | 3.38% | 1.93% | 5.21% | 2.59% |
| Q1 2025 | 5.15% | 3.08% | 2.27% | 5.21% | 3.39% |
| Q2 2025 | 5.17% | 3.01% | 2.36% | 5.28% | 3.46% |
| Q3 2025 | 5.25% | 3.02% | 2.43% | 5.35% | 3.49% |
| Q4 2025 | 5.16% | 2.77% | 2.58% | 5.28% | 3.47% |
| Q1 2026 | 4.95% | 2.52% | 2.61% | 5.08% | 3.43% |
| Q2 2026 | 5.03% | 2.48% | 2.73% | 5.19% | 3.40% |
The Washington Trust Company, of Westerly yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock The Washington Trust Company, of Westerly, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full The Washington Trust Company, of Westerly profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 23623) · FFIEC NIC profile (RSSD 816603)