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Washington Trust Bank

Spokane, WA · Cert 1281 · W T B Financial Corp.

State charter, non-member · FDIC · 44 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

21

Q2 2024Q2 2026peer median (50)

Asset Quality

64

Q2 2024Q2 2026peer median (50)

Profitability

60

Q2 2024Q2 2026peer median (50)

Liquidity

99

Q2 2024Q2 2026peer median

Efficiency

16

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Washington Trust Bank

Spokane, WA · Cert 1281 · W T B Financial Corp.

State charter, non-member · FDIC · 44 branches

Q2 2026

$10.5BAssets
$7.5BLoans
$8.8BDeposits
$1.0BEquity
Loan mix
78%RE $5.4B21%C&I $1.4B2%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $5.6B37%Noninterest $3.3BQ2 2025Q2 2026

NIM

4.54%Q2 ’244.54%Q2 ’254.66%Q2 ’26+28%+17%

Non-interest income vs. expense

2.53%Q2 ’242.70%Q2 ’252.90%Q2 ’26+7%+6%

Market Position · Spokane-Spokane Valley, WA · 2026 SOD (annual) · 31.8% share · #1 of 17 inst. · $3.5B of $10.9B

32.9% Spokane
2.0% King
6.1% Ada
30.5% Grant

Executive Summary

  • Earnings: ROA of 1.19%, up 49 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.73% of loans (-23 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 9.73%, up 58 bps from a year ago.
  • Funding: loans stand at 84.64% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.19%+49 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+54 bps YoY

Efficiency Ratio (YTD, annualized)

66.67%-550 bps YoY

Tier 1 Leverage Ratio

9.73%+58 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.69%0.81%0.89%1.22%1.19%+49 bps
Return on Equity8.07%9.28%10.16%13.31%12.78%+471 bps
Net Interest Margin3.12%3.23%3.33%3.65%3.66%+54 bps
Efficiency Ratio72.18%72.95%71.60%65.76%66.67%-550 bps
Non-Interest Burden2.08%2.18%2.21%2.15%2.20%+13 bps
Growth
Asset Growth (YoY)-1.05%-3.84%-0.42%-0.03%-1.31%-26 bps
Loan Growth (YoY)8.09%7.13%6.75%3.56%2.10%-600 bps
Deposit Growth (YoY)8.74%2.41%1.39%1.72%1.69%-705 bps
Asset Quality
Nonperforming Loans / Loans0.96%0.74%0.74%0.71%0.73%-23 bps
Net Charge-Offs / Loans0.41%0.16%0.13%0.10%0.05%-36 bps
Allowance / Loans2.13%2.11%2.10%2.07%2.07%-6 bps
Allowance Coverage of NPLs2.2x2.9x2.9x2.9x2.9x+0.6x
Capital
Tier 1 Leverage Ratio9.15%9.24%9.30%9.59%9.73%+58 bps
Total Risk-Based Capital12.81%12.80%12.94%13.23%13.17%+36 bps
Equity / Assets8.75%8.99%9.05%9.24%9.57%+82 bps
Liquidity & Funding
Loans / Deposits84.30%83.81%82.24%82.51%84.64%+34 bps
Liquid Assets / Assets25.51%24.99%25.98%26.74%24.00%-152 bps
CRE / Total Capitaln/a350%348%341%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Washington Trust Bank

Spokane, WA · Cert 1281 · Peer group: banks over $10B in assets (n=142-144) · W T B Financial Corp.

State charter, non-member · FDIC · 44 branches

Q2 2026

$10.5BAssets
$7.5BLoans
$8.8BDeposits
$1.0BEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 77% of banks over $10B in assets (rank 34 of 142).
  • Widest gap: efficiency ratio trails 84% of banks over $10B in assets (rank 122 of 144).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.20%

Rank 84 of 144

Net Interest Margin

3.66%

Rank 38 of 144

Efficiency Ratio

66.67%

Rank 122 of 144

Equity / Assets

9.57%

Rank 110 of 144

Non-interest income vs. expense

$74.1M$307.7MINCOMEEXPENSE
Unfavorable gap of $233.6M · efficiency ratio beats 16% of banks over $10B in assets
Bank 66.67%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.20%1.00%1.26%1.54%Beats 42%84 / 144
Return on Equity12.52%8.98%11.34%14.40%Beats 63%53 / 144
Net Interest Margin3.66%2.82%3.31%3.68%Beats 74%38 / 144
Efficiency Ratio66.67%49.42%56.02%62.41%Beats 16%122 / 144
Asset Quality
Nonperforming Loans / Loans0.73%0.48%0.73%1.07%Beats 50%72 / 142
Net Charge-Offs / Loans0.05%0.05%0.11%0.22%Beats 77%34 / 142
Capital
Tier 1 Capital Ratio11.91%12.07%12.98%14.92%Beats 19%117 / 144
Total Risk-Based Capital Ratio13.17%13.39%14.14%16.25%Beats 20%115 / 144
Equity / Assets9.57%9.69%11.39%12.96%Beats 24%110 / 144
Liquidity & Funding
Loans / Deposits84.64%75.72%84.92%91.56%48th pctl74 / 143
Loans / Assets70.92%59.83%69.07%74.80%58th pctl60 / 144
Brokered Deposits / Depositsn/aNot reported for this institution