Washington Tr Co of Westerly
Westerly, Rhode Island · FDIC Cert #23623
Washington Tr Co of Westerly is an FDIC-insured bank (Certificate #23623) with $7.2B in total assets and $5.0B in total deposits as of the Q2 2024 Call Report. Headquartered in Westerly, Rhode Island, the bank maintains a Tier 1 capital ratio of 10.90% (Well-Capitalized) and a nonperforming loan ratio of 0.54%. BankHealthData assigns a composite Health Grade of B (66/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Washington Tr Co of Westerly (FDIC cert 23623) is a mid-sized bank with $7.2B in total assets and $5.0B in deposits, based in Westerly, Rhode Island. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 10.90% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 0.54% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is thin: 14.8% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is thin: ROA of 0.80% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Washington Tr Co of Westerly carries a composite BankHealth grade of B (66/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Washington Tr Co of Westerly
- Total Assets
- $7.2B
- Total Deposits
- $5.0B
- Tier 1 Capital Ratio
- 10.90%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.54%
- Liquidity Ratio
- 14.83%
- Return on Assets
- 0.80%
- Headquarters
- Westerly, Rhode Island
- FDIC Certificate
- #23623
- Health Grade
- B (66/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Washington Tr Co of Westerly holds a Tier 1 capital ratio of 10.90%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Washington Tr Co of Westerly has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Washington Tr Co of Westerly shows strong financial health indicators. With $7.2B in assets and a Health Score of 66/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Washington Tr Co of Westerly Compares
Washington Tr Co of Westerly’s Health Score of 66 is 4 points above the Rhode Island state average of 62 across 5 FDIC-insured banks. Its 10.90% Tier 1 capital ratio is 3.1 points below the US banking industry average near 14%. The 0.54% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.80% is below the national ROA benchmark of ~1.1%. Among 215 similarly-sized banks, the average Health Score is 74, meaning this bank ranks below its size cohort. Site-wide, Washington Tr Co of Westerly is 4 points below the portfolio average of 70.
Frequently Asked Questions
Washington Tr Co of Westerly has a Bank Health Score of B (66/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 10.90%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Washington Tr Co of Westerly's Tier 1 capital ratio of 10.90% and nonperforming loan ratio of 0.54% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Washington Tr Co of Westerly is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #23623). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Washington Tr Co of Westerly holds $7.2B in total assets and $5.0B in total deposits. It is headquartered in Westerly, Rhode Island (FDIC Certificate #23623).
Washington Tr Co of Westerly has a Tier 1 capital ratio of 10.90%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.54%, and the return on assets is 0.80%.
Yes. Washington Tr Co of Westerly is FDIC-insured (Certificate #23623). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Washington Tr Co of Westerly's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.