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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income $ 50,823 $ 53,595 $ 53,579 $ 102,494
Less: Net loss attributable to noncontrolling interest (322) (287) (1,382) (611)
Net income attributable to WSFS 51,145 53,882 54,961 103,105
Net change in unrealized (losses) gains on investment securities available-for-sale        
Net unrealized (losses) gains arising during the period, net of tax (benefit) expense of $(1,097), $2,911, $14,610 and $14,565, respectively (3,474) 9,268 46,264 46,124
Less: reclassification adjustment for net gains on sales realized in net income, net of tax expense of $797, $—, $1,421, and $19, respectively (2,525) 0 (4,501) (59)
Net change in unrealized gains (losses) on investment securities available-for-sale (5,999) 9,268 41,763 46,065
Net change in securities held-to-maturity        
Amortization of unrealized gain on securities reclassified to held-to-maturity, net of tax expense of $12, $22, $50, and $78, respectively (39) (70) (161) (247)
Net change in unfunded pension liability        
Change in unfunded pension liability related to unrealized loss, prior service cost and transition obligation, net of tax benefit of $8, $11, $15, and $66, respectively (25) (35) (47) (210)
Pension settlement, net of tax expense of $—, $—, $67, and $—, respectively 0 0 212 0
Net change in unfunded pension liability (25) (35) 165 (210)
Net change in cash flow hedge        
Net unrealized gain arising during the period, net of tax expense of $—, $116, $493, and $633, respectively 0 368 1,560 2,005
Amortization of unrealized gain on terminated cash flow hedges, net of tax benefit of $36, $—, $71, and $—, respectively (113) 0 (224) 0
Net change in cash flow hedge (113) 368 1,336 2,005
Net change in other comprehensive loss of equity method investments, net of tax benefit of $3, $—, $3, and $—, respectively (9) 0 (9) 0
Total other comprehensive (loss) income (6,185) 9,531 43,094 47,613
Total comprehensive income $ 44,960 $ 63,413 $ 98,055 $ 150,718