WASHINGTON TRUST BANCORP INC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
WASH$39.30-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at December 31, 2025 and 2024
| Washington Trust Bancorp, Inc. and Subsidiaries | |
|---|---|
| Consolidated Balance Sheets | (Dollars in thousands, except par value) |
| December 31, | 2025 | 2024 |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $29,481 | $21,534 |
| Interest-earning deposits with correspondent banks | 61,375 | 88,368 |
| Short-term investments | 12,878 | 3,987 |
| Mortgage loans held for sale, at fair value | 35,833 | 21,708 |
| Mortgage loans held for sale, at lower of cost or market | — | 281,706 |
| Premises and equipment held for sale, at lower of cost or market | — | 4,788 |
| Available for sale debt securities, at fair value (amortized cost $1,035,205; net of allowance for credit losses on securities of $0 at December 31, 2025; and amortized cost of $1,049,557; net of allowance for credit losses on securities of $0 at December 31, 2024) | 940,342 | 916,305 |
| Federal Home Loan Bank stock, at cost | 29,473 | 49,817 |
| Loans: | ||
| Total loans | 5,134,388 | 5,137,838 |
| Less: allowance for credit losses on loans | 37,236 | 41,960 |
| Net loans | 5,097,152 | 5,095,878 |
| Premises and equipment, net | 25,402 | 26,873 |
| Operating lease right-of-use assets | 35,904 | 26,943 |
| Investment in bank-owned life insurance | 115,126 | 106,777 |
| Goodwill | 63,909 | 63,909 |
| Identifiable intangible assets, net | 4,303 | 2,885 |
| Other assets | 170,516 | 219,169 |
| Total assets | $6,621,694 | $6,930,647 |
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing deposits | $595,092 | $661,776 |
| Interest-bearing deposits | 4,674,898 | 4,454,024 |
| Total deposits | 5,269,990 | 5,115,800 |
| Federal Home Loan Bank advances | 626,000 | 1,125,000 |
| Junior subordinated debentures | 22,681 | 22,681 |
| Operating lease liabilities | 38,726 | 29,578 |
| Other liabilities | 120,713 | 137,860 |
| Total liabilities | 6,078,110 | 6,430,919 |
| Commitments and contingencies (Note 21) | ||
| Shareholders’ Equity: | ||
| Common stock of $.0625 par value; authorized 60,000,000 shares; 19,561,985 shares issued and 19,034,935 shares outstanding at December 31, 2025 and 19,561,985 shares issued and 19,273,583 shares outstanding at December 31, 2024 | 1,223 | 1,223 |
| Paid-in capital | 198,323 | 196,947 |
| Retained earnings | 442,741 | 434,014 |
| Accumulated other comprehensive loss | (79,309) | (119,171) |
| Treasury stock, at cost; 527,050 shares at December 31, 2025 and 288,402 shares at December 31, 2024 | (19,394) | (13,285) |
| Total shareholders’ equity | 543,584 | 499,728 |
| Total liabilities and shareholders’ equity | $6,621,694 | $6,930,647 |
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