Washington Trust Company

Washington Trust Company Locations
23 Broad Street
Westerly, RI 02891
1-800-475-2265
www.washtrust.com
Founded in 1800, Washington Trust is the largest independent bank in Rhode Island and the oldest community bank in the nation. A state-chartered bank, Washington Trust offers a full range of financial services, including business banking, personal banking, and wealth management and trust services, through its offices located in Rhode Island, southeastern Connecticut and Massachusetts

Washington Trust Company Routing Number: 011500858



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See Rates for: Checking | Savings | Money Market | CD

Washington Trust Company Checking Account Rates

ApyMinMaxProduct
0.05%$1,500-Freedom Plus Checking

Washington Trust Company Savings Account Rates

ApyMinMaxProduct
0.10%--Freedom Statement Savings
0.10%--Freedom Savings Club Account

Washington Trust Company Money Market Rates

ApyMinMaxProduct
0.10%$1k-Personal Money Market Account

Washington Trust Company CD Rates

ApyMinMaxProduct
1.75%$500-Freedom Plus 60 Month CD
1.50%$500-60 Month CD
1.50%$500-Freedom Plus 48 Month CD
1.25%$500-48 Month CD
1.25%$500-Freedom Plus 36 Month CD
1.20%$500-33 Month Bump Up Promotional CD
1.00%$500-36 Month CD
1.00%$500-Freedom Plus 24 Month CD
0.75%$500-24 Month CD
0.75%$500-Freedom Plus 18 Month CD
0.65%$500-14 Month Promotional CD
0.50%$500-18 Month CD
0.50%$500-Freedom Plus 12 Month CD
0.35%$500-Freedom Plus 91 Day CD
0.35%$500-Freedom Plus 6 Month CD
0.25%$500-12 Month CD
0.10%$500-91 Day CD
0.10%$500-6 Month CD

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


The Washington Trust Company of Westerly
FDIC Certificate #23623
BankRate ReportView
Year Established1800
Employees532
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.97 billion
Loans$2.08 billion
Deposits$2.09 billion
Equity Capital$314.26 million
Loan Loss Allowance$29.64 million
Unbacked Noncurrent Loans$21.14 million
Real Estate Owned$1.94 million

Historic Data - September 2010

Assets$2.90 billion
Equity Capital$296.53 million
Loan Loss Allowance$28.17 million
Unbacked Noncurrent Loans$18.35 million
Real Estate Owned$2.61 million

Profit Margin - Quarterly

Net Interest Margin3.23%
Return on Assets1.04%
Return on Equity9.9%
Interest Income$90.84 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Washington Trust Company had $23.07 million in non-current loans and owned real-estate with $343.9 million in equity and loan loss allowances on hand to cover it. This gives Washington Trust Company a Texas Ratio of 6.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Washington Trust Company held steady from 6.70% as of September 30, 2010 to 6.71% as of September 30, 2011, resulting in a negative change of 0.18%. This indicates that the balance sheet and financial strength for Washington Trust Company has held steady in recent periods.
Deposit Growth4
In the past year, Washington Trust Company has increased its total deposits by $29.99 million, resulting in 1.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Washington Trust Company has shown is above average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Washington Trust Company has $2.97 billion in assets with $343.9 million in equity, resulting in a capitalization level of 11.60%, which is above average.
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