The Washington Trust Company, of Westerly: how it compares with its peers
Against 263 U.S. banks with half to twice its assets, The Washington Trust Company, of Westerly's strongest measure in Q2 2026 is assets per employee ($9.8M vs. a $9.7M peer median). Its weakest relative measure is net interest margin (2.73% vs. 3.70%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.90% | 1.34% | Bottom third Ahead of 17% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.73% | 3.70% | Bottom third Ahead of 13% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 63.62% | 54.93% | Bottom third Ahead of 24% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.8M | $9.7M | Middle third Ahead of 51% of peers |
| Loans to deposits Net loans and leases over total deposits. | 94.97% | 88.02% | Context |
What it means for lending operations
Its efficiency ratio of 63.62% is above the 54.93% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Horizon Bank Michigan City, IN · $6.55B
- TrustCo Bank Glenville, NY · $6.52B
- SMBC MANUBANK Los Angeles, CA · $6.60B
- United Fidelity Bank, fsb Evansville, IN · $6.49B
- First Bank St. Louis, MO · $6.65B
- Midland States Bank Effingham, IL · $6.69B
Questions about The Washington Trust Company, of Westerly
How big is The Washington Trust Company, of Westerly?
The Washington Trust Company, of Westerly, established in 1800, is headquartered in Westerly, RI. It reported $6.55B in total assets in its Q2 2026 FDIC call report and operates 30 offices.
What is The Washington Trust Company, of Westerly's return on assets?
0.90% annualized in Q2 2026, against a 1.34% median for 263 U.S. banks with half to twice its assets, ahead of 17% of them.
What is The Washington Trust Company, of Westerly's efficiency ratio?
63.62% in Q2 2026: it spent about 64 cents in noninterest expense for each dollar of revenue. The peer median is 54.93%, and lower is better.
Is The Washington Trust Company, of Westerly growing its loans?
Net loans shrank 0.8% over the year to Q2 2026, while deposits grew 6.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Rhode Island bank ranked.