Investor Relations - Washington Trust Bancorp, Inc.

Financial Highlights

WASHINGTON TRUST BANCORP, INC. (NASDAQ - WASH)

Trend Analysis--Quarterly (click here for Annual Analysis)

For the definition of a financial field, click on the field name.

Balance Sheet ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	2,325,045	2,155,359	7.87	2,294,003	5.41
Loans Held for Sale, before Reserves	27,899	16,583	68.24	50,056	(177.06)
Loan Loss Reserve	31,139	30,045	3.64	30,873	3.45
Net Loans Receivable	2,321,805	2,141,897	8.40	2,313,186	1.49
Intangible Assets	64,114	64,828	(1.10)	64,287	(1.08)
Total Assets	3,051,848	3,028,690	0.76	3,071,884	(2.61)
Deposits	2,319,641	2,145,562	8.11	2,312,631	1.21
Debt, Senior and Subordinated	374,418	538,743	(30.50)	395,375	(21.20)
Common Equity	301,291	287,935	4.64	295,652	7.63
Total Shareholders' Equity	301,291	287,935	4.64	295,652	7.63
Shares Outstanding (actual)	16,425,442	16,354,155	0.44	16,379,771	1.12

Income Statement ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Net Interest Income	22,467	22,385	0.37	23,164	(12.04)
Provision for Loan Losses	600	900	(33.33)	600	0.00
Noninterest Income	15,899	14,478	9.81	16,893	(23.54)
Noninterest Expense	24,184	23,399	3.35	27,458	(47.69)
Net Income Before Taxes	10,849	12,318	(11.93)	13,030	(66.95)
Provision for Taxes	3,428	3,880	(11.65)	4,007	(57.80)
Net Income	7,421	8,438	(12.05)	9,023	(71.02)

Per Share Items ($)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Book Value per Share	18.34	17.61	4.18	18.05	6.50
Tangible Book Value	14.44	13.64	5.85	14.13	8.91
Diluted EPS Before Extra	0.45	0.51	(11.76)	0.55	(72.73)
Diluted EPS After Extra	0.45	0.51	(11.76)	0.55	(72.73)
Dividends Declared	0.2500	0.2300	8.70	0.2400	16.67

Performance Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
ROAA	0.98	1.11	(13)	1.19	(21)
ROAE	9.91	11.85	(194)	12.01	(210)
Net Interest Margin	3.32	3.27	5	3.33	(1)
Loans / Deposits	100.23	100.46	(22)	99.19	104
Efficiency Ratio	61.61	61.36	25	66.82	(522)

Balance Sheet Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	7.94	7.53	41	7.69	25
Equity/ Assets	9.87	9.51	37	9.62	25

Asset Quality Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	0.94	0.78	16	0.83	11
Loan Loss Reserves/ Gross Loans	1.32	1.38	(6)	1.32	1
Loan Loss Reserves/ NPAs	66.68	90.70	(2,403)	72.04	(536)
Net Charge-offs/ Avg Loans	0.06	0.12	(6)	0.08	(3)

Regulatory Capital Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	12.25	11.96	29	12.01	24

^† 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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Site Navigation

Current Path

"About Us" Children

About Us

Context Variables

Variable	Value
$fiImages	/wcnewsite/fiFiles/static/images
$fiDocs	/wcnewsite/fiFiles/static/documents
$ficss_folder	/wcnewsite/fiFiles/static/css
$templateimages	/wcnewsite/diFiles/skins/default/images
$js_folder	/wcnewsite/diFiles/skins/default/js
$css_folder	/wcnewsite/diFiles/skins/default/css
$diFiles	07/07343/wcnewsite/diFiles
$fiFiles	07/07343/wcnewsite/fiFiles
$contextPath	/wcnewsite
$baseUrl	www.washtrust.com
$fiFriendlyName	The Washington Trust Company
$lang	en
Variables for workarea
$editmode	live
$editContentLink	https://wcadmin.diginsite.com/wcAdmin/contentEdit/begin.do
$showEditLinks	true
Navigation
$navItems	[Ljava.lang.Object;@6bbb075a
$selectedNav	[com.diginsite.product.webcenter.web.NavItem@43dfdcf7]
$selectItem	com.diginsite.product.webcenter.web.NavItem@43dfdcf7
$contentPage	about.vm

Variable

Value

$fiImages

/wcnewsite/fiFiles/static/images

$fiDocs

/wcnewsite/fiFiles/static/documents

$ficss_folder

/wcnewsite/fiFiles/static/css

$templateimages

/wcnewsite/diFiles/skins/default/images

$js_folder

/wcnewsite/diFiles/skins/default/js

$css_folder

/wcnewsite/diFiles/skins/default/css

$diFiles

07/07343/wcnewsite/diFiles

$fiFiles

07/07343/wcnewsite/fiFiles

$contextPath

/wcnewsite

$baseUrl

www.washtrust.com

$fiFriendlyName

The Washington Trust Company

$lang

Variables for workarea

$editmode

live

$editContentLink

https://wcadmin.diginsite.com/wcAdmin/contentEdit/begin.do

$showEditLinks

true

Navigation

$navItems

[Ljava.lang.Object;@6bbb075a

$selectedNav

[com.diginsite.product.webcenter.web.NavItem@43dfdcf7]

$selectItem

com.diginsite.product.webcenter.web.NavItem@43dfdcf7

$contentPage

about.vm

Nav Item Available Methods

Method	Value
getChildren()	{history=com.diginsite.product.webcenter.web.NavItem@3091c84d, hereforyou=com.diginsite.product.webcenter.web.NavItem@32f55024, contact=com.diginsite.product.webcenter.web.NavItem@760859f, community=com.diginsite.product.webcenter.web.NavItem@51e48d81, event=com.diginsite.product.webcenter.web.NavItem@74063a27, thinklocal=com.diginsite.product.webcenter.web.NavItem@44d411f3, star=com.diginsite.product.webcenter.web.NavItem@3ee68bd2, pbxpress=com.diginsite.product.webcenter.web.NavItem@11e5a841, test=com.diginsite.product.webcenter.web.NavItem@7c894c94}
hasChildren()	true
getParentUrl()
getTitle(String lang)	About Us
getTitle()	About Us
getUrl()	/wcnewsite/about
getAttributes()	{}
getAttribute(String attribute)
isRedirect()	false
getRedirectType()	none
isSelected()	true
getName()	about
getTemplate()	template_back.vm
isSecure()	false

Method

Value

getChildren()

{history=com.diginsite.product.webcenter.web.NavItem@3091c84d, hereforyou=com.diginsite.product.webcenter.web.NavItem@32f55024, contact=com.diginsite.product.webcenter.web.NavItem@760859f, community=com.diginsite.product.webcenter.web.NavItem@51e48d81, event=com.diginsite.product.webcenter.web.NavItem@74063a27, thinklocal=com.diginsite.product.webcenter.web.NavItem@44d411f3, star=com.diginsite.product.webcenter.web.NavItem@3ee68bd2, pbxpress=com.diginsite.product.webcenter.web.NavItem@11e5a841, test=com.diginsite.product.webcenter.web.NavItem@7c894c94}

hasChildren()

true

getParentUrl()

getTitle(String lang)

About Us

getTitle()

About Us

getUrl()

/wcnewsite/about

getAttributes()

{}

getAttribute(String attribute)

isRedirect()

false

getRedirectType()

none

isSelected()

true

getName()

about

getTemplate()

template_back.vm

isSecure()

false

Available Tools

Tool	Uses
$sd	sd.getCustomContent("name") sd.getPrintData("srcFile", "group", "value")
$search	search.getSearchFrame("searchWebappURL","serverSpec", "collection", "indexName") search.getSearchResults("searchWebappURL","serverSpec", "collection", "indexName") search.getSearchResults("indexName")
$calc	calc.getKidCalc() calc.getLoanCalc() calc.getLoanCompCalc() calc.getMortCalc() calc.getRetCalc() calc.getSaveCalc()
$map	http://java.sun.com/j2se/1.5.0/docs/api/java/util/HashMap.html
$date	http://jsourcery.com/output/apache/jakarta/velocity/1.4/org/apache/velocity/tools/generic/DateTool.html
$browser	http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/view/tools/BrowserSnifferTool.html
$cookies	http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/view/tools/CookieTool.html
$params	http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/view/tools/ParameterParser.html
$math	http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/generic/MathTool.html
$number	http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/generic/NumberTool.html

Tool

Uses

$sd

sd.getCustomContent("name")
sd.getPrintData("srcFile", "group", "value")

$search

search.getSearchFrame("searchWebappURL","serverSpec", "collection", "indexName")
search.getSearchResults("searchWebappURL","serverSpec", "collection", "indexName")
search.getSearchResults("indexName")

$calc

calc.getKidCalc()
calc.getLoanCalc()
calc.getLoanCompCalc()
calc.getMortCalc()
calc.getRetCalc()
calc.getSaveCalc()

$map

http://java.sun.com/j2se/1.5.0/docs/api/java/util/HashMap.html

$date

http://jsourcery.com/output/apache/jakarta/velocity/1.4/org/apache/velocity/tools/generic/DateTool.html

$browser

http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/view/tools/BrowserSnifferTool.html

$cookies

http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/view/tools/CookieTool.html

$params

http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/view/tools/ParameterParser.html

$math

http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/generic/MathTool.html

$number

http://velocity.apache.org/tools/releases/1.4/javadoc/org/apache/velocity/tools/generic/NumberTool.html

Template Used:	template_back.vm
Snippet:	fiFiles\content\en\about.vm
URL:	www.washtrust.com/wcnewsite/about
Secure:	false

#diParse("/content/template_back.vm")	Root is diFiles path
#parseFiContent("about.vm")	Only allows files located under fiFiles\content\en\

The Washington Trust Company - About Us

Global Available Macros

Context Variables

Nav Item Available Methods

Available Tools