FDIC Cert #23623 · Westerly, Rhode Island · Est. 1800

The Washington Trust Company, of Westerly - FDIC Bank Health Profile

A community-scale look at The Washington Trust Company, of Westerly's own numbers, pulled straight from its quarterly FDIC Call Report.

Compiled from official public sources by the publisher.
$6.6B
Total assets
B
Health grade · Good
0.80%
Return on assets
12.0%
Tier 1 capital

Data updated July 2026

The verdict

The Washington Trust Company, of Westerly earns a PlainBankData health grade of B (70/100), with well-capitalized at 11.98% Tier 1, 0.80% ROA, 66% efficiency ratio.

#234
largest of 4,313 FDIC banks by assets
95th
percentile by asset size, nationally
11.98%
Tier 1 ratio - above the 10% well-capitalized line
29th
percentile for profitability (ROA), nationally

PlainBankData assigns this grade from public Call Report data; it isn't an official FDIC rating, and your deposits remain insured to $250,000 per depositor, per ownership category no matter the score.

FDIC Call Report plate

Cert 23623 · RI B · 70/100

GRADE-B · MID-PACK · PHOTO-FINISH · TIER1-WELL · TEXAS-CLEAN · ROA-PAR · SIZE-REGIONAL · BOOK-FULL

  • GRADE-B B (70/100)
  • MID-PACK #2955/4307
  • PHOTO-FINISH First Fidelity Bank · OK
  • TIER1-WELL 12.0% Tier 1
  • TEXAS-CLEAN 2.2% Texas
  • ROA-PAR 0.80% ROA
  • SIZE-REGIONAL $1–10B
  • BOOK-FULL 9/9 fields

Nearest health peer outside Rhode Island: First Fidelity Bank, OK (±0 health pts)

Instrument codes from this bank’s FDIC Call Report sheet: grade band, health peer rank, photo-finish gap, Tier 1, Texas Ratio, ROA, size band, and book completeness. Not an official FDIC rating.

Health-score neighbourhood around The Washington Trust Company, of West…

Lowest and highest poles plus nearest scored peers outside Rhode Island, not a full FDIC corpus board reprint.

Morgan Stanley Bank,… · UT ·…100/100Atascosa Bank · TX · near70/100First Fidelity Bank · OK · n…70/100Ocean Bank · FL · near70/100The Washington Trust… · RI ·…70/100West Michigan Commun… · MI ·…70/100Tioga-Franklin Savin… · PA ·…0/100
PlainBankData health composite · neighbourhood around The Washington Trust Company, of West… · July 2026

Plate reading for The Washington Trust Company, of West… where failures stay rare

The Washington Trust Company, of Westerly (FDIC Cert #23623) carries a PlainBankData health grade of B at 70/100, built only from this bank's own Call Report Tier 1 capital, ROA, Texas Ratio, and efficiency inputs. On the scored corpus it sits at health rank #2,955 of 4,307. Tier 1 capital prints at 11.98%, clearing the 10% well-capitalized line. The Texas Ratio is 2.18%, inside the sub-50% band analysts treat as healthy. Return on assets is 0.80%. Balance-sheet scale is $6.6B, 234th of 4,313 FDIC-insured banks by assets. The nearest cross-state health peer is First Fidelity Bank (OK), tied on the composite. These are instrument codes from the Call Report sheet, not an official FDIC CAMELS rating, and insured deposits stay protected to $250,000 per depositor per ownership category regardless of grade. Compare the plate stamps against the score breakdown and the health-score neighbourhood before treating any single ratio as decisive.

State failure history around The Washington Trust Company, of West…

Zero FAILURE resolutions in Rhode Island since 2000

The Washington Trust Company, of Westerly is headquartered in a state where FDIC FAILURE resolutions have been rare or absent since 2000 (0 of 578 nationwide). That is a historical count of closed institutions, not a forecast for this Call Report sheet.

  • OLD STONE SB PROVIDENCE, RI 1993 → CITIZENS SB
  • EASTLAND SAVINGS BANK WOONSOCKET, RI 1992 → FLEET NATIONAL BANK
  • EASTLAND BANK WOONSOCKET, RI 1992 → FLEET NATIONAL BANK

Source: FDIC Failed Bank List (resolution_type=FAILURE only; ASSISTANCE excluded). See the depositor failures guide and Rhode Island banks.

How The Washington Trust Company, of Westerly's 70/100 score adds up

Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.

0/100100/100National avg77/10070/100
The Washington Trust Company, of Westerly's composite health score
Tier 1 Capital Ratio (11.98%) 28/40
Return on Assets (ROA) (0.80%) 14/25
Texas Ratio (2.18%) 20/20
Efficiency Ratio (65.63%) 8/15

70 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.

Balance sheet at a glance

Total Assets

$6.6B

Total balance-sheet footings

Total Deposits

$5.3B

Customer-funded liabilities

Net Loans

$5.1B

Outstanding loan book

Net Income

$54M

Bottom-line earnings

Capital adequacy vs federal thresholds

0% 3% 6% 9% 12% 15% CET1 (≥6.5% req.) Tier 1 (≥8.0% req.) Total (≥10.0% req.) 10.58% 11.98% 13.38%
Basel III capital ratios - The Washington Trust Company, of Westerly

Where The Washington Trust Company, of Westerly ranks

Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. The Washington Trust Company, of Westerly's score of 70/100 falls in the highlighted band.

The Washington Trust Company, of Westerly: health score vs. every FDIC-insured bank

0-100 composite health score, FDIC Call Reports

70 31st percentile higher than 31% of 4,307 FDIC-insured banks

0–10: 3 FDIC-insured banks (0%). Below this entry. 10–20: 6 FDIC-insured banks (0%). Below this entry. 20–30: 26 FDIC-insured banks (1%). Below this entry. 30–40: 36 FDIC-insured banks (1%). Below this entry. 40–50: 98 FDIC-insured banks (2%). Below this entry. 50–60: 279 FDIC-insured banks (6%). Below this entry. 60–70: 777 FDIC-insured banks (18%). Below this entry. 70–80: 1,030 FDIC-insured banks (24%). This entry sits in this band. 80–90: 1,237 FDIC-insured banks (29%). Above this entry. 90–100: 815 FDIC-insured banks (19%). Above this entry. The Washington Trust Company, of West… 0 100 every FDIC-insured bank with a health score, bucketed by value

Each bar is a band; taller bars hold more FDIC-insured banks. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FDIC Call Reports · July 2026

The Washington Trust Company, of Westerly's size among FDIC-insured banks

Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). The Washington Trust Company, of Westerly's $6.6B falls in the highlighted band.

Safety metrics: The Washington Trust Company, of West…

Tier 1 capital ratio
Well-capitalized 10%

11.98% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.

Tier 1 Capital Ratio
11.98%
Texas Ratio
2.18%
Equity Capital
$558M

What these ratios mean →

Profitability metrics: The Washington Trust Company, of West…

Return on Assets (ROA)
29th percentile nationally
0.80%
Return on Equity (ROE)
9.93%
Efficiency Ratio
65.63%

What these mean →

Income & expense at The Washington Trust Company, of West…

$333M
Interest Income
$76M
Non-Interest Income
$152M
Non-Interest Expense

Asset quality, Texas Ratio detail

The Texas Ratio compares troubled assets to the capital available to absorb losses. The Washington Trust Company, of Westerly reports a Texas Ratio of 2.18% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.

Texas Ratio
Caution 50%

2.18% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.

FDIC Failed Bank List → View The Washington Trust Company, of Westerly on FDIC BankFind →

Top banks in Rhode Island by total assets

Largest banks headquartered in Rhode Island
  1. 1
    Citizens Bank $225.9B

    Providence, RI · Grade B

  2. 2
    The Washington Trust Company, of West… $6.6B

    Westerly, RI · Grade B

  3. 3
    Centreville Bank $3.0B

    West Warwick, RI · Grade B

  4. 4
    BankNewport $3.0B

    Middletown, RI · Grade B

  5. 5
    Shoreham Bank $481M

    Warwick, RI · Grade B

Top 5 banks in Rhode Island ranked by total assets · FDIC Call Report Q4 2025.

Nationwide banks with similar total assets

Nearest other-state banks with ≥$10M assets ($6.6B here), outside Rhode Island so the neighborhood is not state containment.

Community Trust Bank, Inc. $6.6B · KY First Bank $6.7B · MO First National Bank of America $6.7B · MI City National Bank of West Virginia $6.7B · WV

Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) The Washington Trust Company, of Westerly (FDIC Cert #23623) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.

The Washington Trust Company, of Westerly Call Report profile · FDIC Failed Bank List · Rhode Island FAILURE history · Informational only, not financial advice; consult a licensed professional before acting. See the disclaimer and methodology.

Other banks in Rhode Island

All Rhode Island banks →
BankAssetsGradeROA
Citizens Bank, National AssociationProvidence $225.9B B 0.87%
Centreville BankWest Warwick $3.0B B 1.01%
BankNewportMiddletown $3.0B B 0.58%
Shoreham BankWarwick $481M B 0.83%
Independence BankEast Greenwich $14M C -5.49%