Total Assets
$6.6B
Total balance-sheet footings
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.
- $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.
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.
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 Deposits
$5.3B
Customer-funded liabilities
Net Loans
$5.1B
Outstanding loan book
Net Income
$54M
Bottom-line earnings
Capital adequacy vs federal thresholds
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'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
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
Profitability metrics
Return on Assets (ROA)
29th percentile nationally
0.80%
Return on Equity (ROE)
9.93%
Efficiency Ratio
65.63%
What the numbers say about The Washington Trust Company, of Westerly
The Washington Trust Company, of Westerly is an FDIC-insured institution (Certificate #23623) headquartered in Westerly, Rhode Island, established in 1800. It holds $6.6B in total assets - 234th of 4,313 FDIC-insured banks, $5.3B in customer deposits, and $5.1B in net loans. Its capital position: a Tier 1 ratio of 11.98%, meeting the 10% federal well-capitalized bar, alongside a Texas Ratio of 2.18% that is well inside the healthy sub-50% band. That combination rolls up into a PlainBankData health grade of B (70 of 100), blending Tier 1 capital, ROA, the Texas Ratio, and efficiency. These figures come directly from the bank's quarterly FDIC Call Report.
Nationally, The Washington Trust Company, of Westerly sits in the top decile of all FDIC-insured institutions by asset size (234th of 4,313), and within Rhode Island it ranks 2nd of 6 state-chartered and national banks headquartered there. The next-largest bank in the state by assets is Centreville Bank, at $3.0B. A bank of this scale carries systemic weight in its market -- its lending and deposit decisions move local credit availability in a way a community-scale institution's simply cannot.
Income & expense breakdown
$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.
Top banks in Rhode Island by total assets
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.
Other banks in Rhode Island
All Rhode Island banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| 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% |
Frequently asked questions
What is The Washington Trust Company, of Westerly's health grade?▼
The Washington Trust Company, of Westerly receives a health grade of B (70/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank shows good financial health with solid capital levels above regulatory minimums.
How large is The Washington Trust Company, of Westerly?▼
The Washington Trust Company, of Westerly holds $6.6B in total assets and $5.3B in deposits, ranking 234th of 4,313 FDIC-insured banks by asset size. It is headquartered in Westerly, Rhode Island.
Is my money safe at The Washington Trust Company, of Westerly?▼
Yes, deposits at The Washington Trust Company, of Westerly (Certificate #23623) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is The Washington Trust Company, of Westerly's Tier 1 Capital Ratio?▼
The Washington Trust Company, of Westerly has a Tier 1 Capital Ratio of 11.98%. That clears the federal 10% bar regulators use to call a bank "well-capitalized."
What is the Texas Ratio for The Washington Trust Company, of Westerly?▼
The Washington Trust Company, of Westerly has a Texas Ratio of 2.18%. Staying under 50% is the level analysts treat as healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is The Washington Trust Company, of Westerly?▼
The Washington Trust Company, of Westerly has an Efficiency Ratio of 65.63%. Past the 60% mark, a bigger slice of revenue is absorbed by operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read The Washington Trust Company, of Westerly's profile as a depositor or analyst.
- The Washington Trust Company, of Westerly's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare The Washington Trust Company, of Westerly against other Rhode Island banks before moving funds. Rhode Island banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.