The Washington Trust Company, Of Westerly
Westerly, RI — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The Washington Trust Company, Of Westerly | All Insured Commercial Banks in Rhode Island |
| Interest and Fees on Loans | 119,491 | 526,340 |
| Income from Lease Financing Receivables | — | 16,000 |
| 4,205 | 750 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 1,994 | 354 |
| Income on Loans and Leases (TE) | 121,485 | 542,694 |
| Investment Interest Income (TE) | 13,034 | 57,680 |
| Total Interest Income (TE) | 141,641 | 606,823 |
| Total Interest Expense | 28,213 | 67,561 |
| Net Interest Income (TE) | 113,428 | 539,262 |
| Non-Interest Income | 64,991 | 214,951 |
| Adjusted Operating Income (TE) | 178,419 | 754,213 |
| Non-interest Expense | 101,517 | 472,528 |
| Provision for Loan & Lease Losses | 5,650 | 46,872 |
| Pretax Operating Income (TE) | 71,252 | 234,814 |
| Pretax Net Operating Income (TE) | 71,252 | 234,122 |
| Applicable Income Taxes | 22,343 | 74,645 |
| Net Operating Income | 46,449 | 158,991 |
| Net Income | 46,449 | 158,991 |
| Cash Dividends Declared | 24,442 | 70,900 |
| Retained Earnings | 22,007 | 88,091 |