The Washington Trust Company, of Westerly
Westerly, RI
IDRSSD: 816603
Total Assets
$6.72B
Latest filing
Total Deposits
$5.23B
Latest filing
Net Interest Margin
2.51%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
The Washington Trust Company, of Westerly
23 Broad St
Westerly, RI 02891
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1800FDIC Certificate 16538
Branches (29)
Page 1 of 5| Name | Address | City / State |
|---|---|---|
| The Washington Trust Company, of Westerly (Main) | 23 Broad St | Westerly, RI |
| WESTMINSTER STREET BRANCH | 156 Westminster St | Providence, RI |
| BLOCK ISLAND BRANCH | Ocean Avenue And Corn Neck Road | Block Island, RI |
| RESERVOIR AVENUE BRANCH | 645 Reservoir Ave | Cranston, RI |
| CHARLESTOWN BRANCH | 4137 Old Post Rd | Charlestown, RI |
| SWEET MEADOWS BRANCH | 20 Point Judith Rd | Narragansett, RI |
| NORTH KINGSTOWN BRANCH | 7625 Post Rd | North Kingstown, RI |
| MCQUADE'S MYSTIC BRANCH | 14 Clara Dr | Mystic, CT |
Showing 7 of 29
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1800 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 02891 |
| State and County Number | 44009 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 01 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | Providence-Warwick, RI-MA |
Operational Info
| Number of Employees | 632 |
| Domestic Offices | 30 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 11/17/2024 |
| Date of Deposit Insurance | 01/02/1982 |
| Primary Insurance Agency | DIF |
| Website | www.washtrust.com |
| Data Updated | 11/14/2025 |
| CERT | 23623 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $6.72B |
| Total Deposits | $5.23B |
| Total Liabilities | $6.17B |
| Total Equity Capital | $546.47M |
| Net Income | $11.19M |
| Net Loans and Leases | $5.12B |
| Assets Per Employee ($Millions) | $10.72M |
| Bank Premises and Fixed Assets | $60.91M |
| Cash and Balances due from Depository Institutions | $184.66M |
| Deposits Held in Domestic Offices | $5.23B |
Key Performance Ratios
| Return on Assets (ROA) | 0.66% |
| Return on Equity (ROE) | 8.21% |
| Net Interest Margin | 2.51% |
| Efficiency Ratio | 62.37% |
| Tier 1 Risk-Based Capital Ratio | 11.934% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.4% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.132% |
| Earning Assets to total Assets | 93.24% |
Income and Expense
| Total Interest Income | $84.92M |
| Total Noninterest Income | $17.63M |
| Total Interest Expense | $45.73M |
| Total Noninterest Expense | $35.63M |
| Net Interest Income | $39.18M |
| Pre-tax Net Operating Income | $14.37M |
| Provision for Credit Losses | $6.80M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $791.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $123.16M |
| Total Liabilities and Capital | $6.72B |
Securities
| Securities | $975.31M |
| Available-for-sale debt securities | $962.47M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $29.39M |
| Trading Liabilities | $29.57M |
Frequently Asked Questions
What are the total assets of The Washington Trust Company, of Westerly?
$6.72B as of the latest filing.
How much are The Washington Trust Company, of Westerly's total deposits?
$5.23B in total deposits.
Where is The Washington Trust Company, of Westerly located?
Westerly, RI.
What is the Net Interest Margin?
2.51%.
How many domestic offices does it operate?
30.
When was it established?
01/01/1800.
What is the Return on Assets (ROA)?
0.66%.
How much are total loans and leases?
$5.12B (latest filing).
What is the total interest income (latest filing)?
$84.92M.