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Q2 2026 · read from the 30 June 2026 Call Report · United States · Pacific · Washington, the state note

Washington Trust Bank

Spokane, Washington · $10.54B in assets · beside the 11 other the Pacific states banks over $10B (the state alone holds too few in the band to rank)

The filing

66.7%
Efficiency
12th of 12
9.6%
Equity / assets
11th of 12
0.73%
NPA / loans
11th of 12

Washington Trust Bank is the smallest of the 12 the Pacific states banks nearest its size over $10B, with $10.54B in assets at 30 June 2026. Loans are 84.6% of deposits, 7th of 12 against a median of 80.7%, and equity is 9.6% of assets, 11th of 12. Loans grew +2.1% in the year, 8th of 12, and deposits grew 1.7%; the cohort's median loan growth is +2.6%.

Noncurrent loans are 0.73% of the book, 11th of 12 against a median of 0.45%; 0.11% is 30 to 89 days past due, and the allowance covers them 2.9 times. Commercial real estate is 32.9% of loans, 5th of 12 against a median of 38.5%, and 216% of capital, below the 300% screen, with construction at 68% against the 100% screen.

Return on assets is 1.19%, 5th of 12 against a median of 1.03%, on an efficiency ratio of 66.7%, the highest in the cohort. Five years ago it was 0.87%. The question is which of these lines moves first over the next four quarters, and against which peer.

The efficiency ratioPacific states banks over $10B · 30 June 2026 · lower is stronger, listed first
median 56.6% CB Cathay Bank 40.3% Bo Bank of America Ca N.A. 43.0% AB Axos Bank 43.1% CB Citizens Business Bank N.A. 52.9% WB Wafd Bank 53.5% FH First Hawaiian Bank 55.2% Bo Bank of Hawaii 58.0% BB Banner Bank 60.2% FM Farmers & Merchants Bank Long Be 60.6% MB Mechanics Bank 62.3% Bo Bank of Hope 64.2% WT Washington Trust Bank 66.7%
Loans, year over yearPacific states banks over $10B · 30 June 2026 · no better direction, largest first
median +2.6% MB Mechanics Bank +46.9% CB Citizens Business Bank N.A. +43.8% AB Axos Bank +24.6% CB Cathay Bank +4.1% Bo Bank of Hope +4.1% FM Farmers & Merchants Bank Long Be +2.7% BB Banner Bank +2.5% WT Washington Trust Bank +2.1% Bo Bank of Hawaii +2.1% FH First Hawaiian Bank +1.6% WB Wafd Bank -1.2% Bo Bank of America Ca N.A. -12.3%

SBA 7(a), FY2008 to FY2026

Washington Trust Bank is the 12th largest 7(a) lender into Washington of 281, with $304M across 689 loans, 2.3% of everything approved in the state (U.S. Bank, National Association leads with $933M). 19 of its 61 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Washington, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
King, WA$104M13th of 1932.2%+4.4 pts
Spokane, WA$79M2nd of 1059.4%-0.7 pts
Ada, ID$74M4th of 1336.7%+4.0 pts
Grant, WA$27M1st of 6013.4%-15.1 pts
Kootenai, ID$26M5th of 794.9%+0.2 pts
Snohomish, WA$21M23rd of 1271.3%+1.7 pts
Canyon, ID$14M5th of 624.8%+0.9 pts
Multnomah, OR$13M23rd of 1400.8%+1.4 pts
Pierce, WA$13M32nd of 1370.8%+2.1 pts
Bonner, ID$12M3rd of 318.9%+0.6 pts
Nez Perce, ID$11M1st of 2521.2%thin
Clark, WA$10M18th of 1141.3%+1.0 pts
Washington, OR$9M20th of 1221.0%thin
48 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Construction151$86M17.3%0.27%63rd of 2,063
Accommodation & food services134$62M12.5%0.08%193rd of 2,596
Retail trade132$59M11.8%0.10%162nd of 2,589
Health care & social assistance138$55M11.1%0.12%124th of 2,172
Manufacturing103$52M10.5%0.13%137th of 2,246
7(a) lenders into Washington, share of approvals since FY2008281 lenders on record; the ten largest and Washington Trust Bank
UB U.S. Bank, National Association 6.9% $933M · 3,630 loans CB Columbia Bank 6.7% $907M · 2,786 loans KN KeyBank National Association 5.5% $735M · 1,921 loans Bo Bank of Hope 4.9% $658M · 702 loans LO Live Oak Banking Company 4.4% $598M · 424 loans WF Wells Fargo Bank National Associa… 3.9% $518M · 1,645 loans BB Banner Bank 3.5% $467M · 2,139 loans RL Readycap Lending, LLC 3.3% $440M · 406 loans HB Heritage Bank 3.2% $437M · 947 loans U Unibank 2.8% $384M · 420 loans WT Washington Trust Bank 2.3% $304M · 689 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Washington Trust BankRankCohort median
Total CRE against capital, the 300% screen216%5th of 12254%
Construction against capital, the 100% screen68%11th of 1223%
Construction and land development, share of loans10.4%11th of 124.1%
Non-owner-occupied nonfarm nonresidential, share of loans16.5%6th of 1217.6%
Total CRE, the guidance definition, share of loans32.9%5th of 1238.5%
CRE growth over 36 months, the third prong+24.0%9th of 11+12.1%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Axos Bank$28.87B2.1%43.1%0.44%0.09%1.1%100.5%9.7%
Wafd Bank$27.58B1.0%53.5%0.63%0.02%1.1%96.1%11.0%
Cathay Bank$24.64B1.5%40.3%0.54%0.04%1.1%97.6%12.6%
Bank of Hawaii$23.81B1.0%58.0%0.18%0.06%1.0%68.2%7.5%
First Hawaiian Bank$23.65B1.2%55.2%0.30%0.12%1.2%72.3%11.9%
Mechanics Bank$21.25B1.0%62.3%0.41%0.11%1.1%75.1%13.3%
Citizens Business Bank N.A.$21.18B1.0%52.9%0.14%0.00%1.1%73.2%14.7%
Bank of Hope$18.99B0.7%64.2%0.88%0.26%1.0%94.4%12.4%
Banner Bank$16.59B1.3%60.2%0.46%0.02%1.3%86.6%11.9%
Bank of America Ca N.A.$14.81B0.7%43.0%0.66%-0.02%0.1%76.7%13.1%
Farmers & Merchants Bank Long Be$11.77B1.0%60.6%0.01%-0.03%1.3%75.7%13.9%
Washington Trust Bank$10.54B1.2%66.7%0.73%0.05%2.1%84.6%9.6%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Washington Trust BankCohort median
20212026Change20212026Change
Loans$5.68B$7.47B+32%$11.39B$13.94B+22%
Deposits$9.14B$8.83B-3%$15.10B$17.26B+14%
NPA / loans0.96%0.73%-0.23 pts0.38%0.45%+0.07 pts
Efficiency62.9%66.7%+3.8 pts53.6%56.6%+3.0 pts
ROA0.87%1.19%+0.32 pts1.18%1.03%-0.16 pts

This read was prepared for Washington Trust Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Washington Trust Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Pacific states banks over $10B
Institution www.watrust.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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