Washington Trust posts third-quarter results
11:42 AM Wed, Oct 21, 2009 | Permalink
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Washington Trust Bancorp, Inc. (WASH-Nasdaq) reported on Tuesday after the close of trading third quarter net income of $4.9 million, or 31 cents a diluted share, compared to $6 million, or 44 cents per diluted share, in the year ago period. The Westerly-based bank y said earnings were affected by impairment losses of $467,000 an investment security; a loan loss provision charged to earnings of $1.8 million; no dividend received from the Federal Home Loan Bank of Boston. Dividend income on Washington Trust's investment in FHLBB stock totaled $292 thousand in the third quarter of 2008; and Federal Deposit Insurance Corporation premiums up by $543,000 from the third quarter a year earlier. 
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