Major Rating Factors:
Good current capitalization (6.1 on a scale of 0 to 10) based on a risk-based capital ratio of 12.4 and a capital leverage ratio of 8.1.
Other Rating Factors:
A current level of 4.2 percent of nonperforming loans to core capital combined with 8.4 percent from a year earlier contributes to the Good asset quality (6.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).
Asset Mix:
Home mtgs (36%), comm re (26%), securities (13%), home eq lns (3%), comm loans (2%), cash (2%), consumer loans (0%), other (17%)
States with Branches:
CT, RI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Washington Trust Bancorp, Inc.
Investment Rating
Address
23 Broad Street
Westerly, RI 02891
Westerly, RI 02891
Phone Number
(401) 348-1210
Year Founded
1800
FDIC Number
Website
Largest Affiliates
No affiliate information available.