Washington Trust Bank

717 W Sprague Avenue
Spokane, WA 99201

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1281
Date Established 1902
Assets $6.38 billion
Loans $4.01 billion
Deposits $5.46 billion
Capital $0.61 billion

Washington Trust Bank is an FDIC insured institution located in Spokane, WA. It was founded in 1902 and has approximately $6.38 billion in assets. Customers can open an account at one of its 43 branches.

For a more detailed analysis of Washington Trust Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1 $4,999 Learn MoreShow Less
Money Market
0.20% $10,000 $14,999 Learn MoreShow Less
Money Market
0.25% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.25% $10,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.20% $500 $99,999 Learn MoreShow Less
3 Mo CD
0.25% $100,000 - Learn MoreShow Less
0.35% $500 $99,999 Learn MoreShow Less
6 Mo CD
0.35% $100,000 - Learn MoreShow Less
0.75% $500 $99,999 Learn MoreShow Less
12 Mo CD
0.75% $100,000 - Learn MoreShow Less
18 Mo CD
1.00% $500 - Learn MoreShow Less
1.16% $500 $99,999 Learn MoreShow Less
24 Mo CD
1.16% $100,000 - Learn MoreShow Less
1.16% $500 $99,999 Learn MoreShow Less
30 Mo CD
1.16% $100,000 - Learn MoreShow Less
1.21% $500 $99,999 Learn MoreShow Less
36 Mo CD
1.21% $100,000 - Learn MoreShow Less
1.31% $500 $99,999 Learn MoreShow Less
48 Mo CD
1.31% $100,000 - Learn MoreShow Less
1.51% $500 $99,999 Learn MoreShow Less
60 Mo CD
1.51% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.75% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $24,999 Learn MoreShow Less

Loan Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Washington Trust Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to Washington Trust Bank
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Branches

Washington Trust Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Washington Trust Bank Locations


Financial Details

Washington Trust Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Washington Trust Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Washington Trust Bank U.S. Bank Average
1.84% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Washington Trust Bank had $12,904,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $610,105,000 in equity and $92,975,000 in loans loss reserves. That gives it a Texas Ratio of 1.84%.

Return on Equity
Washington Trust Bank U.S. Bank Average
13.63% 9.47%

Washington Trust Bank has a Return on Equity of 13.63% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Washington Trust Bank U.S. Bank Average
9.56% 12.49%

Washington Trust Bank has a Capitalization of 9.56% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Washington Trust Bank Balance Sheet Analysis

As of March 31, 2019, Washington Trust Bank had assets of $6,384,066,000, loans of $4,007,697,000, and deposits of $5,460,514,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.56 billion
Interest-bearing balances $0.47 billion
Total securities $1.67 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $4.01 billion
Loan loss allowance $0.09 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.09 billion
     Total Assets $5.77 billion
LIABILITIES
Total deposits $5.46 billion
      Interest-bearing deposits $3.14 billion
      Deposits held in domestic offices $5.46 billion
      % insured (estimated) 50.40%
Federal funds purchased and repurchase agreements $0.24 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.05 billion
      Total Liabilities $5.77 billion
      Shareholders’ Equity $0.61 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.07 billion
Total Interest Expense $0.00 billion
Net interest income $0.06 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.03 billion

Bank Loan Profile?

The top three loan types in Washington Trust Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Washington, Washington Trust Bank has a significantly higher percent of Credit Card Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.87
Multifamily
Mortgages
3.10
Credit Card Loans 0.39
Consumer Auto Loans 0.17
Small Business Loans 6.61
Construction and Development Loans 10.61
Commercial Real Estate 29.13
Commercial and Industrial Loans 28.47
Farm Loans 4.71

Frequently Asked Questions About Washington Trust Bank

Branches and Savings

Is Washington Trust Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1281.

Why does Washington Trust Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Washington Trust Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Washington Trust Bank a commercial bank?

Yes

Where are Washington Trust Bank locations?

See branch locations nearby.

Is Washington Trust Bank open on Saturdays?

Is Washington Trust Bank open on Sundays?

What time does Washington Trust Bank open?

What time does Washington Trust Bank close?

Are Washington Trust Bank ATMs Open 24/7?

Do Washington Trust Bank ATMs accept cash deposits?

Can Washington Trust Bank customers use other ATMs?

Do Washington Trust Bank branches have notaries?

Will Washington Trust Bank notarize my document?

What address for Washington Trust Bank should I put for incoming ACH transfers?

Will the Washington Trust Bank branch print checks?

Do Washington Trust Bank checks expire?

Does Washington Trust Bank require US citizenship to open account?

Can Washington Trust Bank close my account?

Does Washington Trust Bank Report to credit bureaus?

Does Washington Trust Bank Use Equifax?

What is Washington Trust Bank's ACH Routing Number?

What is Washington Trust Bank's SWIFT code?

Products

Does Washington Trust Bank offer mortgages?

Compare mortgage rates here.

Does Washington Trust Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Washington Trust Bank offer personal loans?

Compare personal loan rates here.

Does Washington Trust Bank offer student loans?

Will Washington Trust Bank cash a check?

Will Washington Trust Bank redeem a savings bond?

Does Washington Trust Bank cash savings bonds?

Will Washington Trust Bank cash money orders?

Can Washington Trust Bank issue a money order?

Does Washington Trust Bank do currency exchange?

Background on The Bank

Who owns Washington Trust Bank?

How long has Washington Trust Bank been around?

Can Washington Trust Bank transfer to other banks?

Does Washington Trust Bank have quick pay?

Does Washington Trust Bank accept rolled coins?

Will Washington Trust Bank accept loose change?

Where is Washington Trust Bank headquarters?

Customer Reviews for Washington Trust Bank


  • Tami Phillips

    August 15, 2019 |

    I DO NOT LIKE THIS BANK, MORE THAN ONCE I HAVE BEEN HUMILIATED BY THIS BANK AND THEIR CARDS.

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