The Washington Trust Company, of Westerly
Westerly, RI
IDRSSD: 816603
Total Assets
$6.62B
Latest filing
Total Deposits
$5.28B
Latest filing
Net Interest Margin
2.65%
Profitability
Key People
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Locations
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Main Office
The Washington Trust Company, of Westerly
23 Broad St
Westerly, RI 02891
Full Service - Brick and Mortar
Updated 01/30/2026Established 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 | 627 |
| 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 | 01/30/2026 |
| CERT | 23623 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $6.62B |
| Total Deposits | $5.28B |
| Total Liabilities | $6.07B |
| Total Equity Capital | $557.84M |
| Net Income | $16.32M |
| Net Loans and Leases | $5.13B |
| Assets Per Employee ($Millions) | $10.32M |
| Bank Premises and Fixed Assets | $61.20M |
| Cash and Balances due from Depository Institutions | $96.06M |
| Deposits Held in Domestic Offices | $5.28B |
Key Performance Ratios
| Return on Assets (ROA) | 0.98% |
| Return on Equity (ROE) | 11.82% |
| Net Interest Margin | 2.65% |
| Efficiency Ratio | 63.31% |
| Tier 1 Risk-Based Capital Ratio | 11.985% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.04% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.421% |
| Earning Assets to total Assets | 93.22% |
Income and Expense
| Total Interest Income | $82.25M |
| Total Noninterest Income | $18.49M |
| Total Interest Expense | $41.17M |
| Total Noninterest Expense | $37.87M |
| Net Interest Income | $41.08M |
| Pre-tax Net Operating Income | $21.10M |
| Provision for Credit Losses | $600.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $626.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $135.71M |
| Total Liabilities and Capital | $6.62B |
Securities
| Securities | $953.22M |
| Available-for-sale debt securities | $940.34M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $27.79M |
| Trading Liabilities | $27.96M |
Frequently Asked Questions
What are the total assets of The Washington Trust Company, of Westerly?
$6.62B as of the latest filing.
How much are The Washington Trust Company, of Westerly's total deposits?
$5.28B in total deposits.
Where is The Washington Trust Company, of Westerly located?
Westerly, RI.
What is the Net Interest Margin?
2.65%.
How many domestic offices does it operate?
30.
When was it established?
01/01/1800.
What is the Return on Assets (ROA)?
0.98%.
How much are total loans and leases?
$5.13B (latest filing).
What is the total interest income (latest filing)?
$82.25M.