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Washington Trust Company, of Westerly, The

Westerly, RI · Cert 23623 · Washington Trust Bcorp Inc.

State charter, non-member · FDIC · 29 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$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 $1B-$10B in assets (n=322 to 328). 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

28

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

23

Q2 2024Q2 2026peer median (50)

Liquidity

42

Q2 2024Q2 2026peer median

Efficiency

36

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 Company, of Westerly, The

Westerly, RI · Cert 23623 · Washington Trust Bcorp Inc.

State charter, non-member · FDIC · 29 branches

Q2 2026

$6.6BAssets
$5.1BLoans
$5.4BDeposits
$568.7MEquity
Loan mix
97%RE $4.7B3%C&I $0.1B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $4.7B12%Noninterest $0.6BQ3 2024Q2 2026

Market Position · Providence-Warwick, RI-MA · 2026 SOD (annual) · 8.5% share · #3 of 22 inst. · $5.3B of $61.9B

58.3% Washington
4.1% Providence
10.6% Kent
1.5% Southeastern Connecticut

Executive Summary

  • Earnings: ROA of 0.90%, up 12 bps year over year; NIM at 2.56%.
  • Asset quality: problem loans at 0.78% of loans (+27 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.92%, up 33 bps from a year ago.
  • Funding: loans stand at 95.76% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.90%+12 bps YoY

Net Interest Margin (YTD, annualized)

2.56%+34 bps YoY

Efficiency Ratio (YTD, annualized)

63.62%-484 bps YoY

Tier 1 Leverage Ratio

8.92%+33 bps YoY

NIM

4.98%Q2 ’244.92%Q2 ’254.74%Q2 ’26+27%+15%

Non-interest income vs. expense

1.84%Q2 ’242.32%Q2 ’252.32%Q2 ’26+24%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.63%-0.37%0.74%0.77%0.74%0.80%0.80%0.90%+12 bps
Return on Equity9.17%-5.28%9.55%9.82%9.29%9.93%9.31%10.44%+62 bps
Net Interest Margin1.76%1.83%2.16%2.22%2.23%2.32%2.48%2.56%+34 bps
Efficiency Ratio69.29%101.78%70.38%68.46%66.44%65.63%64.28%63.62%-484 bps
Non-Interest Burden0.94%1.86%1.13%1.15%1.10%1.13%1.22%1.22%+7 bps
Growth
Asset Growth (YoY)-0.53%-3.71%-9.16%-6.18%-5.95%-4.49%-1.92%-2.87%+330 bps
Loan Growth (YoY)-1.53%-3.99%-10.37%-8.48%-6.90%-4.99%-1.40%-0.76%+772 bps
Deposit Growth (YoY)-4.68%-4.33%-5.77%1.36%1.02%3.03%2.51%6.26%+489 bps
Asset Quality
Nonperforming Loans / Loans0.56%0.43%0.42%0.50%0.27%0.25%0.80%0.78%+27 bps
Net Charge-Offs / Loans0.00%0.04%0.18%0.11%0.37%0.28%0.00%0.00%-11 bps
Allowance / Loans0.77%0.77%0.80%0.79%0.71%0.72%0.81%0.83%+4 bps
Allowance Coverage of NPLs1.4x1.8x1.9x1.6x2.6x2.9x1.0x1.1x-0.5x
Capital
Tier 1 Leverage Ratio7.77%8.06%8.38%8.58%8.31%8.53%8.69%8.92%+33 bps
Total Risk-Based Capital12.10%12.37%13.01%12.96%12.73%12.79%13.22%13.15%+19 bps
Equity / Assets7.25%7.45%8.17%8.07%8.13%8.42%8.69%8.68%+61 bps
Liquidity & Funding
Loans / Deposits106.94%106.25%101.47%102.53%98.55%97.99%97.61%95.76%-677 bps
Liquid Assets / Assets2.43%1.27%1.26%1.77%2.14%0.91%0.92%1.34%-43 bps
CRE / Total Capitaln/an/an/an/a433%435%416%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 Company, of Westerly, The

Westerly, RI · Cert 23623 · Peer group: banks $1B-$10B in assets (n=322-328) · Washington Trust Bcorp Inc.

State charter, non-member · FDIC · 29 branches

Q2 2026

$6.6BAssets
$5.1BLoans
$5.4BDeposits
$568.7MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 84% of banks $1B-$10B in assets (rank 53 of 322).
  • Widest gap: net interest margin trails 94% of banks $1B-$10B in assets (rank 307 of 328).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.90%

Rank 250 of 328

Net Interest Margin

2.56%

Rank 307 of 328

Efficiency Ratio

63.88%

Rank 210 of 328

Equity / Assets

8.68%

Rank 274 of 328

Non-interest income vs. expense

$71.9M$151.9MINCOMEEXPENSE
Unfavorable gap of $80.0M · efficiency ratio beats 36% of banks $1B-$10B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.90%0.91%1.22%1.52%Beats 24%250 / 328n/a
Return on Equity10.33%8.43%11.45%14.43%Beats 39%200 / 328n/a
Net Interest Margin2.56%3.03%3.45%3.83%Beats 6%307 / 328n/a
Efficiency Ratio63.88%51.61%59.56%67.53%Beats 36%210 / 328n/a
Asset Quality
Nonperforming Loans / Loans0.78%0.24%0.51%1.03%Beats 35%209 / 322n/a
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 84%53 / 322n/a
Capital
Tier 1 Capital Ratio12.22%11.75%13.15%15.47%Beats 35%214 / 328n/a
Total Risk-Based Capital Ratio13.15%12.63%14.15%16.46%Beats 33%220 / 328n/a
Equity / Assets8.68%9.15%10.33%12.01%Beats 16%274 / 328n/a
Liquidity & Funding
Loans / Deposits95.76%76.63%87.92%95.36%76th pctl76 / 323n/a
Loans / Assets78.41%65.18%74.15%79.98%68th pctl104 / 328n/a
Brokered Deposits / Depositsn/aNot reported for this institution