WASHINGTON TRUST BANCORP INC
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
WASH$39.42+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Acronyms and Terms
The following is a list of acronyms and terms that are used throughout this Annual Report on Form 10-K:
| 2003 Stock Incentive Plan | Washington Trust Bancorp, Inc.'s 2003 Stock Incentive Plan |
|---|---|
| 2013 Stock Option and Incentive Plan | Washington Trust Bancorp, Inc.'s 2013 Stock Option and Incentive Plan |
| 2022 Long Term Incentive Plan | Washington Trust Bancorp, Inc.'s 2022 Long Term Incentive Plan |
| 2021 Repurchase Program | Washington Trust Bancorp, Inc.'s Stock Repurchase Program adopted on November 10, 2021 |
| 2023 Repurchase Program | Washington Trust Bancorp, Inc.'s Stock Repurchase Program commencing January 1, 2023 |
| 2024 Repurchase Program | Washington Trust Bancorp, Inc.'s Stock Repurchase Program commencing January 1, 2024 |
| ACL | Allowance for credit losses |
| Advisers Act | Investment Advisers Act of 1940 |
| ALCO | Asset/Liability Committee |
| AOCI | Accumulated other comprehensive income |
| AOCL | Accumulated other comprehensive loss |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| ATM | Automated teller machine |
| AUA | Assets under administration |
| Bancorp | Washington Trust Bancorp, Inc. |
| Bank | The Washington Trust Company, of Westerly |
| BHCA | Bank Holding Company Act of 1956, as amended |
| BOLI | Bank-owned life insurance |
| BSA | Bank Secrecy Act |
| C&I | Commercial and industrial |
| CDARS | Certificate of Deposit Account Registry Service |
| CFPB | Consumer Financial Protection Bureau |
| Code | Internal Revenue Code of 1986, as amended |
| Corporation | The Bancorp and its subsidiaries |
| COSO | Committee of Sponsoring Organizations of the Treadway Commission |
| CRA | Community Reinvestment Act |
| CRE | Commercial real estate |
| DCF | Discounted cash flow |
| DDM | Demand Deposit Marketplace |
| Dodd-Frank Act | Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as amended |
| DOJ | U.S. Department of Justice |
| Economic Growth Act | Economic Growth, Regulatory Relief, and Consumer Protection Act |
| EPS | Earnings per common share |
| ERISA | Employee Retirement Income Security Act of 1974, as amended |
| ERM | Enterprise risk management |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FACT Act | Fair and Accurate Credit Transactions Act of 2003 |
| FDIA | Federal Deposit Insurance Act |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FHLB | Federal Home Loan Bank of Boston |
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Glossary of Acronyms and Terms
| FRBB | Federal Reserve Bank of Boston |
|---|---|
| FTE | Fully taxable equivalent |
| GAAP | Accounting principles generally accepted in the United States of America |
| GDP | Gross domestic product |
| GLBA | Gramm-Leach-Bliley Act of 1999 |
| Halsey | Halsey Associates, Inc. |
| HPI | National home price index |
| ICS | Insured Cash Sweep |
| IRA | Inflation Reduction Act of 2022 |
| LTV | Loan to value |
| NIM | Net interest margin |
| NUR | National unemployment rate |
| OFAC | U.S. Treasury’s Office of Foreign Assets Control |
| OREO | Property acquired through foreclosure or repossession |
| PPP | Paycheck Protection Program |
| Proxy Statement | Bancorp’s Proxy Statement for the 2024 Annual Meeting of Shareholders to be held April 23, 2024 |
| RI Division of Banking | Rhode Island Department of Business Regulation, Division of Banking |
| ROU | Right-of-use |
| S&P | Standard and Poors, Inc. |
| SBA | Small Business Administration |
| SEC | U.S. Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate |
| TDR | Troubled debt restructuring |
| TILA | Truth in Lending Act |
| TLM | Troubled loan modification |
| Trust I | WT Capital Trust I |
| Trust II | WT Capital Trust II |
| USA PATRIOT Act | Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 |
| Washington Trust | The Bancorp and its subsidiaries |
| Weston | Weston Financial Group, Inc. |
| WTA | Washington Trust Advisors, Inc. |
| WTMC | Washington Trust Mortgage Company LLC |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.