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Q2 2026 · read from the 30 June 2026 Call Report · United States · New England · Rhode Island, the state note

Washington Trust Co. of Westerly

Westerly, Rhode Island · $6.55B in assets · beside the 11 other New England banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

8.7%
Equity / assets
11th of 12
0.78%
NPA / loans
11th of 12
-0.8%
Loans, year over year
11th of 12, largest first

Washington Trust Co. of Westerly is the fifth largest of the 12 New England banks nearest its size between $3B and $10B, with $6.55B in assets at 30 June 2026. Loans are 95.8% of deposits, 6th of 12 against a median of 98.0%, and equity is 8.7% of assets, 11th of 12. Loans grew -0.8% in the year, 11th of 12, and deposits grew 6.3%; the cohort's median loan growth is +3.3%.

Noncurrent loans are 0.78% of the book, 11th of 12 against a median of 0.45%; 0.10% is 30 to 89 days past due, and the allowance covers them 1.1 times. Commercial real estate is 40.4% of loans, 7th of 12 against a median of 37.6%, and 333% of capital, above the 300% screen, with construction at 14% against the 100% screen.

Return on assets is 0.90%, 6th of 12 against a median of 0.88%, on an efficiency ratio of 63.9%, 6th of 12. Five years ago it was 1.32%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 6.0% of loans).

Nonperforming loans, share of loansNew England banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 0.45% LB Leader Bank National Association 0.03% IS Institution Savings Newburyport & 0.04% CN Camden National Bank 0.24% BH Bar Harbor Bank & Trust 0.32% MS Middlesex Savings Bank 0.33% NB Needham Bank 0.43% BS Bangor Savings Bank 0.47% CC Cape Cod Five Cents Savings Bank 0.47% NB Northeast Bank 0.55% P Peoplesbank 0.57% WT Washington Trust Co. of Westerly 0.78% CS Cambridge Savings Bank 1.26%
Loans, year over yearNew England banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +3.3% NB Needham Bank +42.8% NB Northeast Bank +21.2% BH Bar Harbor Bank & Trust +14.9% LB Leader Bank National Association +10.2% MS Middlesex Savings Bank +6.4% BS Bangor Savings Bank +3.4% P Peoplesbank +3.1% IS Institution Savings Newburyport & +2.6% CN Camden National Bank +1.3% CS Cambridge Savings Bank +0.9% WT Washington Trust Co. of Westerly -0.8% CC Cape Cod Five Cents Savings Bank -5.1%

SBA 7(a), FY2008 to FY2026

Washington Trust Co. of Westerly is the 12th largest 7(a) lender into Rhode Island of 135, with $34M across 220 loans, 2.7% of everything approved in the state (Beacon Bank and Trust leads with $153M). 6 of its 10 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Rhode Island, 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
Washington, RI$13M4th of 547.4%-0.8 pts
Providence, RI$9M14th of 991.4%thin
Kent, RI$5M16th of 642.0%-1.3 pts
Bristol, RI$3M7th of 415.8%quiet FY2012
Newport, RI$3M10th of 482.4%quiet FY2012
New London, CT$2M24th of 611.2%quiet FY2011
Bristol, MA$840K60th of 1120.2%quiet FY2012
New Haven, CT$600K65th of 1000.1%quiet FY2011
Norfolk, MA$215K125th of 1450.0%quiet FY2009
Southeastern Ct, CT$25K42nd of 430.0%thin
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
Wholesale trade14$6M16.5%0.02%388th of 1,651
Retail trade34$6M15.2%0.01%668th of 2,589
Accommodation & food services29$4M10.1%0.00%940th of 2,596
Health care & social assistance29$3M8.8%0.01%696th of 2,172
Agriculture, forestry & fishing18$3M7.6%0.03%266th of 1,007
7(a) lenders into Rhode Island, share of approvals since FY2008135 lenders on record; the ten largest and Washington Trust
BB Beacon Bank and Trust 12.0% $153M · 970 loans EB Eastern Bank 11.6% $149M · 777 loans CB Citizens Bank, National Associati… 7.6% $97M · 545 loans WB Webster Bank National Association 7.2% $93M · 257 loans BC Bristol County Savings Bank 5.6% $71M · 287 loans NS Newtek Small Business Finance, In… 5.1% $66M · 72 loans IB Independence Bank 3.6% $46M · 134 loans NC Navigant CU 3.1% $39M · 216 loans B Banknewport 3.0% $38M · 371 loans LO Live Oak Banking Company 2.9% $37M · 41 loans TW The Washington Trust Company of W… 2.7% $34M · 220 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 TrustRankCohort median
Total CRE against capital, the 300% screen333%9th of 12267%
Construction against capital, the 100% screen14%2nd of 1226%
Construction and land development, share of loans1.7%2nd of 123.5%
Non-owner-occupied nonfarm nonresidential, share of loans28.1%8th of 1221.8%
Total CRE, the guidance definition, share of loans40.4%7th of 1237.6%
CRE growth over 36 months, the third prong+4.9%4th of 12+19.4%

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
Bangor Savings Bank$7.74B0.4%83.0%0.47%0.02%0.8%91.6%7.0%
Needham Bank$7.42B1.0%59.3%0.43%0.45%1.3%102.6%10.9%
Cambridge Savings Bank$6.98B0.4%75.9%1.26%0.09%1.0%108.8%10.2%
Camden National Bank$6.94B1.3%54.4%0.24%0.04%0.9%89.7%10.8%
Washington Trust Co. of Westerly$6.55B0.9%63.9%0.78%0.00%0.8%95.8%8.7%
Middlesex Savings Bank$6.15B0.7%68.2%0.33%0.01%0.9%73.2%13.1%
Cape Cod Five Cents Savings Bank$5.62B0.7%71.8%0.47%0.02%0.5%95.7%10.6%
Institution Savings Newburyport &$5.56B1.1%74.0%0.04%0.00%0.3%126.5%12.5%
Leader Bank National Association$5.28B0.9%63.4%0.03%0.00%1.0%102.9%10.5%
Northeast Bank$5.23B2.5%35.7%0.55%0.23%1.3%123.0%11.6%
Bar Harbor Bank & Trust$4.73B1.4%56.1%0.32%0.19%0.9%93.9%12.6%
Peoplesbank$4.62B0.4%72.0%0.57%0.21%0.6%100.3%8.9%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Washington TrustCohort median
20212026Change20212026Change
Loans$4.33B$5.14B+19%$3.09B$4.49B+45%
Deposits$4.73B$5.36B+13%$3.72B$4.87B+31%
NPA / loans0.24%0.78%+0.53 pts0.41%0.45%+0.04 pts
Efficiency58.9%63.9%+5.0 pts61.5%66.0%+4.5 pts
ROA1.32%0.90%-0.42 pts1.20%0.88%-0.33 pts

This read was prepared for Washington Trust Co. of Westerly'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 Co. of Westerly 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 New England banks $3B to $10B
Institution www.washtrust.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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