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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION
15. SEGMENT INFORMATION
As defined in ASC 280, Segment Reporting (ASC 280), an operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the enterprise’s chief operating decision makers to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The Company evaluates performance based on pretax net income relative to resources used, and allocate resources based on these results. The accounting policies applicable to the Company's segments are those that apply to its preparation of the accompanying unaudited Consolidated Financial Statements. Based on these criteria, the Company has identified three segments: WSFS Bank, Cash Connect®, and Wealth Management.
The WSFS Bank segment provides financial products to commercial and retail customers. Retail and Commercial Banking, Commercial Real Estate Lending and other banking business units are operating departments of WSFS Bank. These departments share the same regulator, the same market, many of the same customers and provide similar products and services through the general infrastructure of the Bank. Accordingly, these departments are not considered discrete segments and are appropriately aggregated in the WSFS Bank segment in accordance with ASC 280.
The Company's Cash Connect® segment provides ATM vault cash, smart safe and other cash logistics services through strategic partnerships with several of the largest networks, manufacturers and service providers in the ATM industry. Cash Connect® services non-bank and WSFS-branded ATMs and retail safes nationwide. The balance sheet category Cash in non-owned ATMs includes cash from which fee income is earned through bailment arrangements with customers of Cash Connect®.
The Wealth Management segment provides a broad array of planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate, and institutional clients through multiple integrated businesses. WSFS Wealth Investments provides financial advisory services along with insurance and brokerage products. Cypress, a registered investment adviser, is a fee-only wealth management firm managing a “balanced” investment style portfolio focused on preservation of capital and generating current income. West Capital, a registered investment adviser, is a fee-only wealth management firm operating under a multi-family office philosophy to provide customized solutions to institutions and high-net-worth individuals. The institutional trust division of WSFS, WSFS Institutional Services, provides trustee, agency, bankruptcy administration, custodial and commercial domicile services to institutional and corporate clients. Christiana Trust DE, a subsidiary of WSFS, provides personal trust and fiduciary services to families and individuals across the U.S. Powdermill is a multi-family office specializing in providing independent solutions to high-net-worth individuals, families and corporate executives through a coordinated, centralized approach. WSFS Wealth Client Management serves high-net-worth clients by delivering credit and deposit products and partnering with other Wealth Management units to provide comprehensive solutions to clients.
The following tables show segment results for the three and six months ended June 30, 2020 and 2019:
 Three Months Ended June 30, 2020Three Months Ended June 30, 2019
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
Management		TotalWSFS Bank
Cash
Connect®
Wealth
Management		Total
Statements of Income
External customer revenues:
Interest income$123,710  $—  $2,173  $125,883  $140,231  $—  $2,672  $142,903  
Noninterest income44,304  9,008  11,063  64,375  18,870  13,355  10,646  42,871  
Total external customer revenues168,014  9,008  13,236  190,258  159,101  13,355  13,318  185,774  
Inter-segment revenues:
Interest income937  237  2,442  3,616  3,345  —  4,052  7,397  
Noninterest income3,542  188  347  4,077  2,156  192  211  2,559  
Total inter-segment revenues4,479  425  2,789  7,693  5,501  192  4,263  9,956  
Total revenue172,493  9,433  16,025  197,951  164,602  13,547  17,581  195,730  
External customer expenses:
Interest expense11,659  —  468  12,127  18,282  —  1,389  19,671  
Noninterest expenses79,789  6,413  7,233  93,435  91,415  8,893  7,540  107,848  
Provision for credit losses93,819  —  935  94,754  12,239  —  (44) 12,195  
Total external customer expenses185,267  6,413  8,636  200,316  121,936  8,893  8,885  139,714  
Inter-segment expenses:
Interest expense2,679  131  806  3,616  4,052  2,203  1,142  7,397  
Noninterest expenses535  899  2,643  4,077  403  698  1,458  2,559  
Total inter-segment expenses3,214  1,030  3,449  7,693  4,455  2,901  2,600  9,956  
Total expenses188,481  7,443  12,085  208,009  126,391  11,794  11,485  149,670  
(Loss) income before taxes$(15,988) $1,990  $3,940  $(10,058) $38,211  $1,753  $6,096  $46,060  
Income tax (benefit) provision(2,247) 10,091  
Consolidated net (loss) income(7,811) 35,969  
Net loss attributable to noncontrolling interest(700) (231) 
Net (loss) income attributable to WSFS(7,111) 36,200  
Six Months Ended June 30, 2020Six Months Ended June 30, 2019
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
Management		TotalWSFS Bank
Cash
Connect®
Wealth
Management		Total
Statements of Income
External customer revenues:
Interest income$255,019  $—  $4,719  $259,738  $237,177  $—  $5,303  $242,480  
Noninterest income62,376  20,687  22,159  105,222  36,134  25,757  22,102  83,993  
Total external customer revenues317,395  20,687  26,878  364,960  273,311  25,757  27,405  326,473  
Inter-segment revenues:
Interest income2,880  237  5,291  8,408  7,137  —  8,057  15,194  
Noninterest income6,449  417  520  7,386  4,039  369  397  4,805  
Total inter-segment revenues9,329  654  5,811  15,794  11,176  369  8,454  19,999  
Total revenue326,724  21,341  32,689  380,754  284,487  26,126  35,859  346,472  
External customer expenses:
Interest expense28,406  —  1,426  29,832  33,418  —  2,516  35,934  
Noninterest expenses152,874  14,636  14,421  181,931  173,992  16,923  14,525  205,440  
Provision for credit losses148,853  —  2,547  151,400  19,525  —  324  19,849  
Total external customer expenses330,133  14,636  18,394  363,163  226,935  16,923  17,365  261,223  
Inter-segment expenses:
Interest expense5,528  1,085  1,795  8,408  8,057  4,761  2,376  15,194  
Noninterest expenses937  1,640  4,809  7,386  766  1,243  2,796  4,805  
Total inter-segment expenses6,465  2,725  6,604  15,794  8,823  6,004  5,172  19,999  
Total expenses336,598  17,361  24,998  378,957  235,758  22,927  22,537  281,222  
(Loss) income before taxes$(9,874) $3,980  $7,691  $1,797  $48,729  $3,199  $13,322  $65,250  
Income (benefit) tax provision(959) 16,351  
Consolidated net income2,756  48,899  
Net loss attributable to noncontrolling interest(1,060) (324) 
Net income attributable to WSFS3,816  49,223  

The following table shows significant components of segment net assets as of June 30, 2020 and December 31, 2019:
 June 30, 2020December 31, 2019
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
Management		TotalWSFS Bank
Cash
Connect®
Wealth
Management		Total
Statements of Financial Condition
Cash and cash equivalents$591,518  $356,785  $7,464  $955,767  $202,792  $357,494  $11,466  $571,752  
Goodwill452,629  —  20,199  472,828  452,629  —  20,199  472,828  
Other segment assets11,914,250  5,171  225,341  12,144,762  10,982,681  6,555  222,486  11,211,722  
Total segment assets$12,958,397  $361,956  $253,004  $13,573,357  $11,638,102  $364,049  $254,151  $12,256,302  
Capital expenditures for the period ended$2,437  $256  $137  $2,830  $11,806  $2,120  $272  $14,198