GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2020

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		Cash Connect		Wealth Management		Consolidated Company
December 31, 2019	$	452,629	$	—	$	20,199	$	472,828
Remeasurement period adjustments	—		—		—		—
March 31, 2020	$	452,629	$	—	$	20,199	$	472,828

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
March 31, 2020
Core deposits	$	95,711	$	(15,679)	$	80,032	10 years
Customer relationships	17,561		(7,816)		9,745		7-15 years
Non-compete agreements	221		(157)		64		5 years
Loan servicing rights(1)	4,871		(1,777)		3,094		10-25 years
Total intangible assets	$	118,364	$	(25,429)	$	92,935
December 31, 2019
Core deposits	$	95,711	$	(13,326)	$	82,385	10 years
Customer relationships	17,561		(7,416)		10,145		7-15 years
Non-compete agreements	221		(146)		75		5 years
Loan servicing rights(2)	4,880		(1,568)		3,312		10-25 years
Total intangible assets	$	118,373	$	(22,456)	$	95,917

⁽¹⁾Includes impairment losses of $0.3 million for the three months ended March 31, 2020.

⁽²⁾Includes impairment losses of $0.5 million for the year ended December 31, 2019

Schedule of Estimated Amortization Expense of Intangibles

The following table presents the estimated future amortization expense on our intangible assets:  

(Dollars in thousands)	March 31, 2020
Remaining in 2020	$	8,697
2021	11,194
2022	11,005
2023	10,872
2024	10,717
Thereafter	40,450
Total	$	92,935