Business Segments Washington Trust segregates financial information in assessing its results among its Commercial Banking and Wealth Management Services operating segments. The amounts in the Corporate unit include activity not related to the segments. Management uses certain methodologies to allocate income and expenses to the business lines. The methodologies are periodically reviewed and revised. Results may be restated, when necessary, to reflect changes in organizational structure or allocation methodology. A funds transfer pricing (FTP) methodology is used to assign interest income and interest expense to each interest-earning asset and interest-bearing liability on a matched maturity funding basis. The matched maturity funding concept considers the origination date and the earlier of the maturity date or the repricing date of a financial instrument to assign an FTP rate for loans and deposits originated. Loans are assigned a FTP rate for funds used and deposits are assigned a FTP rate for funds provided. Certain indirect expenses are allocated to segments. These include indirect expenses such as technology, operations and other support functions. Commercial Banking The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; and direct banking activities, which include the operation of automated teller machines (ATMs), telephone and internet banking services and customer support and sales. Wealth Management Services Wealth Management Services includes investment management; financial planning; personal trust and estate services, including services as trustee, personal representative, custodian and guardian; and settlement of decedents estates. Institutional trust services are also provided, including fiduciary services. Corporate Corporate includes the Treasury Unit, which is responsible for managing the wholesale investment portfolio and wholesale funding needs. It also includes income from bank-owned life insurance (BOLI), as well as administrative and executive expenses not allocated to the operating segments and the residual impact of methodology allocations such as FTP offsets. The following table presents the statement of operations and total assets for Washington Trusts reportable segments: (Dollars in thousands) Commercial Banking Wealth Management Services Corporate Consolidated Total Three months ended June 30, 2020 2019 2020 2019 2020 2019 2020 2019 Net interest income (expense) $32,580 $27,867 ($26 ) ($120 ) ($1,609 ) $6,111 $30,945 $33,858 Provision for credit losses 2,200 525     2,200 525 Net interest income (expense) after provision for credit losses 30,380 27,342 (26 ) (120 ) (1,609 ) 6,111 28,745 33,333 Noninterest income 16,910 6,690 8,605 9,557 805 506 26,320 16,753 Noninterest expenses: Depreciation and amortization expense 611 672 354 363 39 39 1,004 1,074 Other noninterest expenses 17,615 16,660 6,225 6,937 3,634 3,480 27,474 27,077 Total noninterest expenses 18,226 17,332 6,579 7,300 3,673 3,519 28,478 28,151 Income (loss) before income taxes 29,064 16,700 2,000 2,137 (4,477 ) 3,098 26,587 21,935 Income tax expense (benefit) 6,177 3,603 457 582 (1,087 ) 477 5,547 4,662 Net income (loss) $22,887 $13,097 $1,543 $1,555 ($3,390 ) $2,621 $21,040 $17,273 Total assets at period end $4,579,720 $3,916,915 $74,803 $77,757 $1,222,437 $1,195,000 $5,876,960 $5,189,672 Expenditures for long-lived assets 261 297 13  23 19 297 316 (Dollars in thousands) Commercial Banking Wealth Management Services Corporate Consolidated Total Six months ended June 30, 2020 2019 2020 2019 2020 2019 2020 2019 Net interest income (expense) $61,590 $55,169 ($93 ) ($247 ) $2,050 $13,520 $63,547 $68,442 Provision for credit losses 9,236 1,175     9,236 1,175 Net interest income (expense) after provision for loan losses 52,354 53,994 (93 ) (247 ) 2,050 13,520 54,311 67,267 Noninterest income 27,575 12,146 17,294 18,808 1,378 1,166 46,247 32,120 Noninterest expenses: Depreciation and amortization expense 1,231 1,342 708 729 78 79 2,017 2,150 Other noninterest expenses 36,298 32,421 13,230 13,414 7,386 7,130 56,914 52,965 Total noninterest expenses 37,529 33,763 13,938 14,143 7,464 7,209 58,931 55,115 Income (loss) before income taxes 42,400 32,377 3,263 4,418 (4,036 ) 7,477 41,627 44,272 Income tax expense (benefit) 8,941 7,024 813 1,199 (1,068 ) 1,281 8,686 9,504 Net income (loss) $33,459 $25,353 $2,450 $3,219 ($2,968 ) $6,196 $32,941 $34,768 Total assets at period end $4,579,720 $3,916,915 $74,803 $77,757 $1,222,437 $1,195,000 $5,876,960 $5,189,672 Expenditures for long-lived assets 787 1,597 66 292 72 82 925 1,971