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
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Item 8. Financial Statements and Supplementary Data
| Description | Page |
|---|---|
| Reports of Independent Registered Public Accounting Firm (PCAOB ID: 173) | 67 |
| Consolidated Balance Sheets at December 31, 2023 and 2022 | 70 |
| Consolidated Statements of Income for the Years Ended December 31, 2023, 2022 and 2021 | 71 |
| Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, 2023, 2022 and 2021 | 72 |
| Consolidated Statements of Changes in Shareholders’ Equity for the Years Ended December 31, 2023, 2022 and 2021 | 73 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2023, 2022 and 2021 | 74 |
| Notes to Consolidated Financial Statements: | 76 |
| Note 1 - Summary of Significant Accounting Policies | 76 |
| Note 2 - Recently Issued Accounting Pronouncements | 87 |
| Note 3 - Securities | 87 |
| Note 4 - Loans | 90 |
| Note 5 - Allowance for Credit Losses on Loans | 100 |
| Note 6 - Premises and Equipment | 101 |
| Note 7 - Leases | 101 |
| Note 8 - Goodwill and Intangible Assets | 102 |
| Note 9 - Derivative Financial Instruments | 103 |
| Note 10 - Fair Value Measurements | 106 |
| Note 11 - Income Taxes | 111 |
| Note 12 - Deposits | 113 |
| Note 13 - Borrowings | 113 |
| Note 14 - Shareholders’ Equity | 115 |
| Note 15 - Revenue from Contracts with Customers | 117 |
| Note 16 - Employee Benefits | 118 |
| Note 17 - Share-Based Compensation Arrangements | 123 |
| Note 18 - Business Segments | 125 |
| Note 19 - Other Comprehensive Income (Loss) | 127 |
| Note 20 - Earnings Per Common Share | 130 |
| Note 21 - Commitments and Contingencies | 131 |
| Note 22 - Parent Company Financial Statements | 133 |
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