TellerScore

The Washington Trust Company, of Westerly is a state-chartered bank headquartered in Westerly, Rhode Island, in business for about 226 years. At the end of Q2 2026 it reported $6.6B in total assets and $5.4B in deposits, with 30 offices across 2 states.

Based on its Q2 2026 filing, The Washington Trust Company, of Westerly scores 58/100, which we describe as moderate. That is higher than only 17% of 897 banks with $1 billion – $10 billion. Among 5 banks headquartered in Rhode Island, it ranks 2nd. Its strongest component is problem-loan coverage (87/100; 6.5%), and its lowest is capital cushion (39/100; 8.92%).

TellerScore · Q2 2026

Scorecard

Capital cushion39/100
Tier 1 leverage ratio: 8.92%
Loan quality74/100
Noncurrent loans ÷ total loans: 0.78%
Earnings56/100
Return on assets (annualized): 0.90%
Funding & liquidity52/100
Loans ÷ deposits and uninsured-deposit share: 95.0% · 27.1% uninsured
Problem-loan coverage87/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 6.52%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (58 → 58).

TellerScore
475461Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202452
Q3 202453
Q4 202447
Q1 202558
Q2 202558
Q3 202559
Q4 202561
Q1 202656
Q2 202658
Tier 1 leverage ratio
5.00%6.96%8.92%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20247.74%
Q3 20247.77%
Q4 20248.06%
Q1 20258.38%
Q2 20258.58%
Q3 20258.31%
Q4 20258.53%
Q1 20268.69%
Q2 20268.92%
Noncurrent loans
0.25%0.53%0.80%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.54%
Q3 20240.56%
Q4 20240.43%
Q1 20250.42%
Q2 20250.50%
Q3 20250.27%
Q4 20250.25%
Q1 20260.80%
Q2 20260.78%
Return on assets
-0.37%0.26%0.90%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.63%
Q3 20240.63%
Q4 2024-0.37%
Q1 20250.74%
Q2 20250.77%
Q3 20250.74%
Q4 20250.80%
Q1 20260.80%
Q2 20260.90%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202658$6.6B8.92%0.78%0.90%95.0%
Q1 202656$6.5B8.69%0.80%0.80%96.8%
Q4 202561$6.6B8.53%0.25%0.80%97.3%
Q3 202559$6.7B8.31%0.27%0.74%97.9%
Q2 202558$6.7B8.58%0.50%0.77%101.7%
Q1 202558$6.6B8.38%0.42%0.74%100.7%
Q4 202447$6.9B8.06%0.43%-0.37%105.4%
Q3 202453$7.1B7.77%0.56%0.63%106.1%
Q2 202452$7.2B7.74%0.54%0.63%112.7%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio8.92%
10th
Total risk-based capital13.15%
43rd
Problem loans0.78%
35th
Net charge-offs0.00%
75th
Return on assets0.90%
24th
Net interest margin2.73%
8th
Efficiency ratio63.6%
35th
Loans to deposits95.0%
26th
Uninsured deposits27.1%
63rd
Loan-loss reserves0.83%
16th
Texas ratio6.5%
29th

Similar-size banks in Rhode Island

InstitutionScoreAssetsCapitalProblem loansCompare
Centreville BankBank West Warwick, RI66 out of 100, Moderate$3.2B13.4%1.80%vs
BankNewportBank Middletown, RI58 out of 100, Moderate$3.1B10.6%0.95%vs

Deposit insurance

Is my money safe at The Washington Trust Company, of Westerly?

Yes. The Washington Trust Company, of Westerly is an FDIC-insured institution (FDIC certificate #23623). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 27.1% of deposits ($1.5B) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 8.92%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.15% (benchmark: 10%).

Check how much of your own balance is covered

30 locations

Branches

The Washington Trust Company, of Westerly lists 28 offices in 20 cities across 2 states. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, The Washington Trust Company, of Westerly reported 2,128 home-loan applications under HMDA (LEI 549300HKYBSATM44Q425): 1,290 originated ($477,770,000 total), 497 denied, and 284 withdrawn or closed by the applicant. Its denial rate on decided applications was 27.0%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
The Washington Trust Company, of Westerly
Former names
The Washington Trust Company of Westerly
Type
State-chartered bank
FDIC certificate #
23623
RSSD ID
816603
Primary regulator
FDIC
Holding company
Washington Trust Bcorp Inc
Established
January 1, 1800
Headquarters
23 Broad St, Westerly, RI 02891
Employees
668

Quick answers

The Washington Trust Company, of Westerly: common questions

Is The Washington Trust Company, of Westerly FDIC insured?

Yes. The Washington Trust Company, of Westerly is an FDIC-insured institution (FDIC certificate #23623). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is The Washington Trust Company, of Westerly's TellerScore?

58 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has The Washington Trust Company, of Westerly ever failed?

There is no failure record for FDIC certificate #23623 in the FDIC failed bank list.

How many branches does The Washington Trust Company, of Westerly have?

30 offices as of the latest FDIC data, in 2 states.

Nearby

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