Washington Trust Bank


717 W Sprague Avenue
Spokane, WA 99201
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.60% →
1-Year CD 0.45% 1.55% →
2-Year CD 0.85% 1.45% →
5-Year CD 1.30% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Washington Trust Bank is an FDIC insured institution located in Spokane, WA. It was founded in 1902 and has approximately $7.15 billion in assets. Customers can open an account at one of its 43 branches.

FDIC Insured Yes
FDIC Certificate # 1281
Date Established 1902
Assets $ 7.15 billion
Loans $ 4.45 billion
Deposits $ 6.23 billion
Capital $ 674.95 million

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 - May 30, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.05% $50 - Learn More
Money Market
0.15% $1 $9,999 Learn More
Money Market
0.25% $10,000 $19,999 Learn More
Money Market
0.30% $20,000 $49,999 Learn More
3 Mo CD
0.10% $500 - Learn More
6 Mo CD
0.25% $500 - Learn More
12 Mo CD
0.45% $500 - Learn More
18 Mo CD
0.70% $500 - Learn More
24 Mo CD
0.85% $500 - Learn More
36 Mo CD
0.90% $500 - Learn More
48 Mo CD
1.00% $500 - Learn More
60 Mo CD
1.30% $500 - Learn More

Fixed IRA
0.55% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $2,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $9,999 Learn MoreShow Less

Loan Rates - May 30, 2020

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 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.952% 2.875% 1.00 $2,485 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Note to Washington Trust Bank
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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
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Washington Trust Bank U.S. Bank Average
1.86% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 December 31, 2019, Washington Trust Bank had $14,367,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $674,953,000 in equity and $96,415,000 in loans loss reserves. That gives it a Texas Ratio of 1.86%.

Return on Equity
Washington Trust Bank U.S. Bank Average
13.28% 9.41%

Washington Trust Bank has a Return on Equity of 13.28% versus the BestCashCow average of 9.41%. 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.

Washington Trust Bank U.S. Bank Average
9.44% 12.82%

Washington Trust Bank has a Capitalization of 9.44% versus the BestCashCow average of 12.82. 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 December 31, 2019, Washington Trust Bank had assets of $7,151,922,000, loans of $4,446,182,000, and deposits of $6,234,593,000. 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

December 31, 2019
Cash & Balances due from depository institutions $ 626.56 million
Interest-bearing balances $ 523.95 million
Total securities $ 1,894.81 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.45 billion
Loan loss allowance $ 96.42 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.17 million
All other assets $ 89.04 million
     Total Assets $ 6.48 billion
Total deposits $ 6.23 billion
      Interest-bearing deposits $ 3.41 billion
      Deposits held in domestic offices $ 6.23 billion
      % insured (estimated) 44.92%
Federal funds purchased and repurchase agreements $ 163.07 million
Trading liabilities N.A.
Other borrowed funds $ 19.98 million
Subordinated debt N.A.
All other liabilities $ 59.33 million
      Total Liabilities $ 6.48 billion
      Shareholders’ Equity $ 674.95 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 274.33 million
Total Interest Expense $ 19.30 million
Net interest income $ 255.03 million
Provision for loan and lease losses $ 3.20 million
Total non interest income $ 50.21 million
Total non interest expense $ 191.92 million
Pre-tax Net Operating Income $ 110.12 million

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.55
Credit Card Loans 0.36
Consumer Auto Loans 0.25
Small Business Loans 6.25
Construction and Development Loans 10.37
Commercial Real Estate 29.41
Commercial and Industrial Loans 27.22
Farm Loans 5.10

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?


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?

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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?


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

  • August 15, 2019 |


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