Washington Trust Bank in Spokane, Washington (WA), ID, OR
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Washington Trust Bank in Spokane, Washington (WA), ID, OR
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Washington Trust Bank - Overview

  • General
  • FDIC Certificate #: 1281
    Status: Active
    Federal Reserve ID: 58971
    Bank Holding Company (Regulatory Top Holder): W.T.b. Financial Corporation (RSSDID: 1029464, Location: Spokane, WA)
    Date Established: November 03, 1902
    WWW: http://www.watrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 41 (Domestic: 40, Interstate: Yes)
    OTS Docket #: 10107
    FDIC's unique #: 863
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 13, 2009
    Last Structure Change Process Date: Febuary 17, 2009
    Last Data Update: Febuary 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 717 W Sprague Avenue, Spokane, WA 99201
    County: Spokane
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Spokane, WA (#7840)
    Core Based Statistical Area (CBSA): Spokane, WA (#44060)
    CBSA Metro Statistical Area: Spokane, WA (#44060)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Corrections
    Change in Location
  • Financial Summary
  • Total assets: $4,172.4 mil
    Equity capital: $418.0 mil
    Deposits held in domestic offices: $3,522.4 mil
    Return on assets (ROA): 0.41% ($17.1 mil)
    Quarterly return on assets: 0.32% ($13.4 mil)
    Return on Equity (ROE): 3.77% ($15.8 mil)
    Quarterly return on equity: 3.16% ($13.2 mil)
    Net income: $16.2 mil
    Quarterly Net income: $3.3 mil
    Pretax return on assets: 0.59% ($24,617.1 mil)
    Quarterly Pretax return on assets: 0.47% ($19,610.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 755Total employees (full-time equivalent)
  • $4,172,393Total assets
  • $460,306Cash and due from depository institutions
  • $389,133Interest-bearing balances
  • $969,071Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,571,261Net loans & leases
  • $70,051Loan loss allowance
  • $0Trading account assets
  • $34,237Bank premises and fixed assets
  • $21,657Other real estate owned
  • $1,349Goodwill and other intangibles
  • $4,172,393Life insurance assets
  • $114,512All other assets
  • $3,754,439Total liabilities and capital
  • $3,522,407Total liabilities
  • $2,307,890Total deposits
  • $3,522,407Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 199834.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $32,198Subordinated debt
  • $417,954All other liabilities
  • $417,954Total equity capital
  • $417,954Total bank equity capital
  • $0Perpetual preferred stock
  • $7,535Common stock
  • $117,806Surplus
  • $292,613Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $10,460Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $56,784Income earned, not collected on loans
  • $1,176Earning assets
  • $15,223Long-term assets (5+ years)
  • $3,929,465Average Assets, year-to-date
  • $766,458Average Assets, quarterly
  • $3,988,993Volatile liabilities
  • $4,123,804Insider loans
  • $3,026,881FHLB advances
  • $4,123,222Loans and leases held for sale
  • $27,500Unused loan commitments
  • $27,500Tier 1 (core) risk-based capital
  • $424,691Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,188,513Restructured Loans and leases
  • $47,986Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $164,315Total interest income
  • $19,339Total interest expense
  • $144,976Net interest income
  • $46,800Provision for loan and lease losses
  • $24,964Total noninterest income
  • $9,749Fiduciary activities
  • $7,426Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,789Additional noninterest income
  • $102,649Total noninterest expense
  • $53,145Salaries and employee benefits
  • $9,657Premises and equipment expense
  • $39,847Additional noninterest expense
  • $20,491Pre-tax net operating income
  • $3,226Securities gains (losses)
  • $7,557Applicable income taxes
  • $16,160Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,160Net income attributable to bank
  • $0Net charge-offs
  • $16,160Cash dividends
  • $46,296Sale, conversion, retirement of capital stock, net
  • $1,812Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.52%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 3.77%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 1.72%Net charge-offs to loans
  • 101.09%Credit loss provision to net charge-offs
  • 1.45%Efficiency ratio
  • 60,387Assets per employee
  • 5.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.21%Loss allowance to loans
  • 2.65%Loss allowance to noncurrent loans
  • 123.36%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 2.15%Net loans and leases to deposits
  • 73.00%Net loans and leases to core deposits
  • 77.73%Equity capital to assets
  • 10.02%Core capital (leverage) ratio
  • 10.30%Tier 1 risk-based capital ratio
  • 14.03%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $3,988,993Average earning assets
  • $428,821Average equity
  • $3,741,338Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,838,505Managed Assets
  • 1Number of Accounts
  • $1,284,464Personal trust and agency accounts
  • $586,237Employee benefit-defined contribution accounts
  • $16,053Employee benefit-defined benefit accounts
  • $70,714Other retirement accounts
  • $87,928Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $382,294Other fiduciary accounts
  • $140,111Fiduciary accounts held in foreign offices
  • $1,127Non-managed Assets
  • 1837Number of Accounts
  • $0Personal trust and agency accounts
  • $87,928Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $554,041Other retirement accounts
  • $83,599Corporate trust and agency accounts
  • $126,247Other fiduciary accounts
  • $314,404Fiduciary accounts held in foreign offices

List of branches

  • 13 Idaho Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    3915905Coeur D'alene Branch218 E Lakeside Avenue, Coeur D Alene, ID 83814January 02, 1979Full Service Brick and Mortar
    40255272Post Falls Branch1601 E Seltice Way, Post Falls, ID 83854July 16, 1993Full Service Brick and Mortar
    42189255Rathdrum Branch16102 N Highway 41, Rathdrum, ID 83858March 17, 1997Full Service Retail
    45357451Hayden Branch8050 N. Government Way, Hayden, ID 83835May 15, 2000Full Service Brick and Mortar
    47357453Fairview Branch7930 Fairview Avenue, Boise, ID 83704April 03, 2000Full Service Brick and Mortar
    50360713Boise Downtown Branch901 West Bannock Avenue, Boise, ID 83702November 15, 2000Full Service Brick and Mortar
    51362790Nampa Branch2200 North Cassia Street, Nampa, ID 83651October 01, 2001Full Service Brick and Mortar
    52363063Meridian Financial Center Branch3251 East Presidential Drive, Meridian, ID 83642August 01, 2001Full Service Brick and Mortar
    55425148State Street7309 W. State Street, Garden City, ID 83714November 10, 2003Full Service Brick and Mortar
    58433011Overland Branch7802 West Overland Road, Boise, ID 83709November 08, 2004Full Service Brick and Mortar
    60462250Sandpoint Branch515 Pine Street, Suite D, Sandpoint, ID 83864March 26, 2007Full Service Brick and Mortar
    61470077Meadow Lake Branch4037 East Clocktower Lane, #12, Meridian, ID 83642January 07, 2008Full Service Brick and Mortar
    64489804Idaho Center Branch6010 E. Franklin Road, Nampa, ID 83651December 15, 2008Full Service Brick and Mortar
  • 2 Oregon Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    65489894Portland Office Branch920 Sw 6th Avenue, Suite 1300, Portland, OR 97204April 01, 2009Full Service Brick and Mortar
    66493994Beaverton Branch8905 Sw Nimbus Avenue, Suite 125, Beaverton, OR 97008Febuary 13, 2009Full Service Brick and Mortar
  • 26 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0863Washington Trust Bank717 W Sprague Avenue, Spokane, WA 99201November 03, 1902Full Service Brick and Mortar
    2189234Second & Wall Branch706 West 2nd Avenue, Spokane, WA 99201November 13, 1950Full Service Brick and Mortar
    4189236East Sprague Branch3510 East Sprague Avenue, Spokane, WA 99202Febuary 11, 1957Full Service Brick and Mortar
    7189239Manito Branch611 E 31st Avenue, Spokane, WA 99203January 13, 1970Full Service Brick and Mortar
    8189240Medical Center Branch105 W 8th Avenue, Spokane, WA 99204Febuary 25, 1974Full Service Brick and Mortar
    12189244Indiana Branch27 E Indiana Avenue, Spokane, WA 99207November 28, 1978Full Service Brick and Mortar
    14189246Deer Park BranchSouth 903 Main Street, Deer Park, WA 99006December 08, 1980Full Service Brick and Mortar
    17189247Northgate Branch7815 Division Street, Spokane, WA 99208March 15, 1982Full Service Brick and Mortar
    26240821East Wenatchee Branch523 Valley Mall Parkway, East Wenatchee, WA 98802January 20, 1965Full Service Brick and Mortar
    28240823Quincy Branch509 Central Avenue South, Quincy, WA 98848November 20, 1960Full Service Brick and Mortar
    2914100Moses Lake Branch402 S Ash Street, Moses Lake, WA 98837July 06, 1971Full Service Brick and Mortar
    30248054Ephrata Branch12 Basin Street, N.W., Ephrata, WA 98823May 08, 1967Full Service Brick and Mortar
    32189248Valley Financial Center Branch310 North Argonne Road, Spokane, WA 99212May 16, 1994Full Service Brick and Mortar
    33189249Five Mile Branch1906 West Francis Avenue, Spokane, WA 99205May 31, 1994Full Service Brick and Mortar
    34189250South Wenatchee Branch759 South Wenatchee Avenue, Wenatchee, WA 98801June 05, 1995Full Service Brick and Mortar
    37189253Lincoln Heights Branch2415 E 29th Avenue, Spokane, WA 99223April 13, 1998Full Service Brick and Mortar
    38189254Sullivan Branch407 N Sullivan Road, Spokane Valley, WA 99037September 05, 1995Full Service Brick and Mortar
    46357452North Wenatchee Branch1851 N Wenatchee Ave., Wenatchee, WA 98801March 06, 2000Full Service Brick and Mortar
    48357542Seattle Branch601 Union St. Ste 4747, Seattle, WA 98101April 03, 2000Full Service Brick and Mortar
    49360711Kennewick Branch3250 W. Clearwater Avenue, Kennewick, WA 99336September 18, 2000Full Service Brick and Mortar
    53366049Maple And Garland Branch3810 North Maple Street, Spokane, WA 99205May 27, 2003Full Service Brick and Mortar
    54419170Liberty Lake Branch1427 North Liberty Lake Road, Liberty Lake, WA 99019July 29, 2002Full Service Brick and Mortar
    56425149Wandermere Branch438 Hastings Road, Spokane, WA 99218November 12, 2003Full Service Brick and Mortar
    57432379Bellevue Branch10500 Ne 8th Street, Suite 1100, Bellevue, WA 98004October 04, 2004Full Service Brick and Mortar
    62470560Airway Heights Branch10609 W State Route 2, Spokane, WA 99224January 28, 2008Full Service Brick and Mortar
    67529746Pullman Branch597 Se Bishop Blvd.,, Pullman, WA 99163November 02, 2011Full Service Brick and Mortar

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