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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Allocation of Goodwill to Our Reportable Operating Segments for Purposes of Goodwill Impairment Testing
The following table shows the allocation of goodwill to our reportable operating segments for purposes of goodwill impairment testing:
 
(Dollars in thousands)
WSFS
Bank
 
Wealth
Management
 
Consolidated
Company
December 31, 2016
$
147,396

 
$
20,143

 
$
167,539

Goodwill adjustments(1)
(1,588
)
 
56

 
(1,532
)
December 31, 2017
145,808

 
20,199

 
166,007

Goodwill adjustments

 

 

December 31, 2018
$
145,808

 
$
20,199

 
$
166,007


(1)
The goodwill adjustments for WSFS Bank represent remeasurement adjustments related to our acquisition of Penn Liberty in 2016. The goodwill adjustments for Wealth Management represent remeasurement adjustments related to our acquisition of West Capital in 2016.
Summary of Other Intangible Assets
The following table summarizes our intangible assets:
 
(Dollars in thousands)
Gross
Intangible
Assets
 
Accumulated
Amortization
 
Net
Intangible
Assets
 
Amortization Period
December 31, 2018
 
 
 
 
 
 
 
Core deposits
$
10,658

 
$
(5,285
)
 
$
5,373

 
10 years
Customer relationships
17,561

 
(5,815
)
 
11,746

 
7-15 years
Non-compete agreements
221

 
(101
)
 
120

 
5 years
Loan servicing rights
2,652

 
(1,301
)
 
1,351

 
10-30 years
Favorable lease asset
1,932

 
(506
)
 
1,426

 
10 months-18 years
Total other intangible assets
$
33,024

 
$
(13,008
)
 
$
20,016

 
 
December 31, 2017
 
 
 
 
 
 
 
Core deposits
$
10,658

 
$
(4,263
)
 
$
6,395

 
10 years
Customer relationships
17,561

 
(4,214
)
 
13,347

 
7-15 years
Non-compete agreements
221

 
(57
)
 
164

 
5 years
Loan servicing rights
2,132

 
(1,191
)
 
941

 
10-30 years
Favorable lease asset
1,932

 
(342
)
 
1,590

 
10 months-18 years
Total other intangible assets
$
32,504

 
$
(10,067
)
 
$
22,437

 
 
Schedule of Estimated Amortization Expense of Intangibles
The following presents the estimated amortization expense of intangibles:
 
(Dollars in thousands)
Amortization
of Intangibles
2019
$
2,873

2020
2,677

2021
2,352

2022
2,289

2023
2,257

Thereafter
7,568

Total
$
20,016