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The Washington Trust Company, Of Westerly
Westerly, RI · FDIC Certificate #23623 · Chartered 01/0
Total assets
$6.55B
Total deposits
$5.36B
Total equity
$568.67M
Net loans
$5.09B
Branches (offices)
29
Net income (YTD)
$29.38M
Rank: #235 of 4,213 U.S. banks by assets · #2 of 5 in Rhode Island. Assets changed -2.9% and deposits 6.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.90% |
| Return on equity | 10.44% |
| Net interest margin (YTD) | 2.73% |
| Equity to assets | 8.68% |
| Tier 1 leverage ratio | 8.92% |
| Uninsured deposits (share of deposits) | 27.1% |
| Noncurrent loans (share of loans) | 0.78% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 95.0% |
| Real estate loans (share of loans) | 93.5% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $4.76B | 93.5% | |
| Commercial & industrial | $126.75M | 2.5% | |
| Consumer / individual | $13.84M | 0.3% | |
| Construction & development | $86.21M | 1.7% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $5.98B | $5.03B | $36.93M | $483.33M |
| Jun 2023 | $7.01B | $5.33B | $24.93M | $464.70M |
| Jun 2024 | $7.19B | $4.98B | $22.62M | $487.08M |
| Jun 2025 | $6.74B | $5.05B | $26.17M | $544.28M |
| Jun 2026 | $6.55B | $5.36B | $29.38M | $568.67M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Rhode Island | $5.27B | 28 |
| Connecticut | $98.68M | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $5.36B.
Similar-sized banks
Smbc Manubank ($6.60B) · Horizon Bank ($6.55B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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