The Washington Trust Company
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Financial Highlights
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WASHINGTON TRUST BANCORP, INC. (NASDAQ - WASH)
Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
 2014 Q22013 Q2Y-Y
Ch (%)
2014 Q1Q-Q
Ch (%)
Loans Held for Investment, before Reserves2,581,1242,384,9808.222,478,60316.54
Loans Held for Sale, before Reserves22,40728,889(22.44)10,409461.06
Loan Loss Reserve27,26927,884(2.21)27,0433.34
Net Loans Receivable2,576,2622,385,9857.972,461,96918.57
Intangible Assets63,27963,941(1.04)63,443(1.03)
Total Assets3,317,0223,061,3078.353,194,14615.39
Deposits2,586,0972,304,60912.212,591,654(0.86)
Debt, Senior and Subordinated344,893396,221(12.95)226,277209.68
Common Equity343,450303,37013.21335,8589.04
Total Shareholders' Equity343,450303,37013.21335,8589.04
Shares Outstanding (actual)16,705,42716,487,3051.3216,634,9851.69
Income Statement ($000)
 2014 Q22013 Q2Y-Y
Ch (%)
2014 Q1Q-Q
Ch (%)
Net Interest Income24,46822,4099.1923,83610.61
Provision for Loan Losses450700(35.71)300200.00
Noninterest Income12,92116,451(21.46)13,148(6.91)
Noninterest Expense22,44825,005(10.23)22,643(3.44)
Net Income Before Taxes14,38413,0989.8213,61422.62
Provision for Taxes4,5874,11511.474,31625.12
Net Income9,7978,9839.069,29821.47
Per Share Items ($)
 2014 Q22013 Q2Y-Y
Ch (%)
2014 Q1Q-Q
Ch (%)
Book Value per Share20.5618.4011.7320.197.32
Tangible Book Value16.7714.5215.4916.389.65
Diluted EPS Before Extra0.580.547.410.5521.82
Diluted EPS After Extra0.580.547.410.5521.82
Dividends Declared0.29000.250016.000.29000.00
Performance Ratios (%)
 2014 Q22013 Q2Y-Y
Ch (bp)
2014 Q1Q-Q
Ch (bp)
ROAA1.221.1841.175
ROAE11.5211.84(32)11.1042
Net Interest Margin3.353.2693.341
Loans / Deposits99.81103.49(368)95.64417
Efficiency Ratio58.5362.68(415)59.84(131)
Balance Sheet Ratios (%)
 2014 Q22013 Q2Y-Y
Ch (bp)
2014 Q1Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets8.617.99628.70(9)
Equity/ Assets10.359.914410.51(16)
Asset Quality Ratios (%)
 2014 Q22013 Q2Y-Y
Ch (bp)
2014 Q1Q-Q
Ch (bp)
Nonperforming Assets/ Assets0.420.71(29)0.45(3)
Loan Loss Reserves/ Gross Loans1.051.16(11)1.09(4)
Loan Loss Reserves/ NPAs69.8562.8170367.93191
Net Charge-offs/ Avg Loans0.040.66(63)0.19(15)
Regulatory Capital Ratios (%)
 2014 Q22013 Q2Y-Y
Ch (bp)
2014 Q1Q-Q
Ch (bp)
Tier 1 Capital Ratio12.1311.852812.42(29)
   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.



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