XML 101 R91.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENT INFORMATION - Segment Results (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Segment Reporting Information [Line Items]        
Interest income $ 123,370 $ 141,262 $ 383,108 $ 383,742
Noninterest income 49,171 62,346 154,393 146,339
Total revenue 172,541 203,608 537,501 530,081
Interest expense 10,322 20,429 40,154 56,363
Noninterest expenses 93,540 109,561 275,471 315,001
Provision for credit losses 2,716 4,121 154,116 23,970
Total expenses 106,578 134,111 469,741 395,334
Income before taxes 65,963 69,497 67,760 134,747
Income tax provision 15,140 15,902 14,181 32,253
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
Capital expenditures for the period ended     3,480 10,701
Operating Segments        
Segment Reporting Information [Line Items]        
Interest income 123,370 141,262 383,108 383,742
Noninterest income 49,171 62,346 154,393 146,339
Total revenue 180,282 215,115 561,036 561,587
Interest expense 10,322 20,429 40,154 56,363
Noninterest expenses 93,540 109,561 275,471 315,001
Total expenses 114,319 145,618 493,276 426,840
Income before taxes 65,963 69,497 67,760 134,747
Capital expenditures for the period ended 650 5,260 3,480 10,701
Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 3,686 8,447 12,094 23,641
Noninterest income 4,055 3,060 11,441 7,865
Total revenue 7,741 11,507 23,535 31,506
Interest expense 3,686 8,447 12,094 23,641
Noninterest expenses 4,055 3,060 11,441 7,865
Total expenses 7,741 11,507 23,535 31,506
WSFS Bank        
Segment Reporting Information [Line Items]        
Total revenue 146,780 177,148 464,175 450,459
Provision for credit losses 1,324 3,954 150,177 23,479
Total expenses 90,787 116,156 420,920 343,091
WSFS Bank | Operating Segments        
Segment Reporting Information [Line Items]        
Interest income 121,179 138,585 376,198 375,762
Noninterest income 25,601 38,563 87,977 74,697
Total revenue 151,104 182,486 477,828 466,973
Interest expense 9,994 19,056 38,400 52,474
Noninterest expenses 79,469 93,146 232,343 267,138
Total expenses 94,204 122,325 430,802 358,083
Income before taxes 56,900 60,161 47,026 108,890
Capital expenditures for the period ended 640 3,920 3,077 9,160
WSFS Bank | Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 965 2,855 3,845 9,992
Noninterest income 3,359 2,483 9,808 6,522
Total revenue 4,324 5,338 13,653 16,514
Interest expense 2,721 5,592 8,249 13,649
Noninterest expenses 696 577 1,633 1,343
Total expenses 3,417 6,169 9,882 14,992
Cash Connect        
Segment Reporting Information [Line Items]        
Total revenue 10,157 13,067 30,844 38,824
Provision for credit losses 0 0 0 0
Total expenses 6,537 9,132 21,173 26,055
Cash Connect | Operating Segments        
Segment Reporting Information [Line Items]        
Interest income 0 0 0 0
Noninterest income 10,157 13,067 30,844 38,824
Total revenue 10,600 13,324 31,941 39,450
Interest expense 0 0 0 0
Noninterest expenses 6,537 9,132 21,173 26,055
Total expenses 7,507 11,542 24,868 34,469
Income before taxes 3,093 1,782 7,073 4,981
Capital expenditures for the period ended 0 1,340 256 1,411
Cash Connect | Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 244 0 481 0
Noninterest income 199 257 616 626
Total revenue 443 257 1,097 626
Interest expense 172 1,730 1,257 6,491
Noninterest expenses 798 680 2,438 1,923
Total expenses 970 2,410 3,695 8,414
Wealth Management        
Segment Reporting Information [Line Items]        
Total revenue 15,604 13,393 42,482 40,798
Provision for credit losses 1,392 167 3,939 491
Total expenses 9,254 8,823 27,648 26,188
Wealth Management | Operating Segments        
Segment Reporting Information [Line Items]        
Interest income 2,191 2,677 6,910 7,980
Noninterest income 13,413 10,716 35,572 32,818
Total revenue 18,578 19,305 51,267 55,164
Interest expense 328 1,373 1,754 3,889
Noninterest expenses 7,534 7,283 21,955 21,808
Total expenses 12,608 11,751 37,606 34,288
Income before taxes 5,970 7,554 13,661 20,876
Capital expenditures for the period ended 10 0 147 130
Wealth Management | Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 2,477 5,592 7,768 13,649
Noninterest income 497 320 1,017 717
Total revenue 2,974 5,912 8,785 14,366
Interest expense 793 1,125 2,588 3,501
Noninterest expenses 2,561 1,803 7,370 4,599
Total expenses $ 3,354 $ 2,928 $ 9,958 $ 8,100