Washington Trust Bank
Spokane, Washington, Spokane County
$10.5B in total assets, the 157th largest of 4,309 US banks and 3rd of 29 headquartered in Washington.
- FDIC certificate
- 1281
- Established
- 1902
- Owned by
- W T B Financial Corp
- Primary regulator
- FDIC
- Website
- www.watrust.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $10.5B | 6% | $22.5B | |
| Loans | $7.5B | 10% | $14.5B | |
| Deposits | $8.8B | 8% | $18.4B | |
| Return on assets | 1.14% | 35% | 1.30% | |
| Net interest margin | 3.84% | 66% | 3.61% | |
| Efficiency ratio | 66.7% | 86% | 55.1% | |
| Equity to assets | 9.57% | 21% | 11.60% | |
| Loans to deposits | 85% | 42% | 87% |
Growth
Total assets grew 0.5% a year over the last 5 years and 7.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 2009 | Pinnacle Bank Beaverton, OR | $72M |
| Mar 1997 | Northern State Bank Coeur D'Alene, ID, an affiliate under the same holding company | $105M |
| Sep 1994 | The Columbia Bank Wenatchee, WA, an affiliate under the same holding company | $166M |
| Dec 1980 | Eastern Washington Bank Moses Lake, WA | n/a |
Where they operate
44 branches in 19 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Spokane County, WA | $3.5B | 32.9% | 1 of 16 |
| King County, WA | $2.1B | 2.0% | 9 of 38 |
| Ada County, ID | $972M | 6.1% | 5 of 23 |
| Grant County, WA | $534M | 30.5% | 1 of 9 |
| Kootenai County, ID | $398M | 7.5% | 6 of 11 |
| Multnomah County, OR | $365M | 1.1% | 11 of 20 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (43 to 44, +2.3%). 5 opened, 0 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 43 | |||
| 2018 | Closed Rathdrum | 0 | 1 | −1 | 42 |
| 2019 | Closed Beaverton and Boise | 0 | 2 | −2 | 40 |
| 2020 | Opened Marysville | 1 | 0 | +1 | 41 |
| 2022 | Opened BendClosed Meridian | 1 | 1 | 0 | 41 |
| 2024 | Opened Vancouver | 1 | 0 | +1 | 42 |
| 2025 | Opened Bellingham and Tacoma | 2 | 0 | +2 | 44 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 31% | 25% | |
| 1-4 family residential | 25% | 21% | |
| Business (C&I) | 20% | 17% | |
| Construction and land | 10% | 6% | |
| Multifamily | 6% | 8% | |
| Agricultural | 3% | 0% | |
| Consumer | 2% | 10% | |
| Farmland | 1% | 1% | |
| Other | 3% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 56% | 62% | |
| Noninterest-bearing | 37% | 20% | |
| Time deposits | 8% | 18% |
Brokered deposits are 0.0% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.62% | 0.63% |
| Net charge-offs, annualized | 0.05% | 0.14% |
| Reserves to loans | 2.07% | 1.14% |
| Leverage ratio | 9.73% | 10.26% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Washington
Largest competitors in Spokane County, WA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/washington-trust-bank-spokane-wa