Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 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 the Company's reportable operating segments for purposes of goodwill impairment testing:

(Dollars in thousands)	WSFS Bank		Wealth Management		Consolidated Company
December 31, 2018	$	145,808	$	20,199	$	166,007
Goodwill from business combinations	309,486		—		309,486
Remeasurement period adjustments	(2,665)		—		(2,665)
December 31, 2019	452,629		20,199		472,828
Goodwill adjustments	—		—		—
December 31, 2020	$	452,629	$	20,199	$	472,828

Summary of Other Intangible Assets

The following table summarizes the Company's intangible assets:

(Dollars in thousands)	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets		Amortization Period
December 31, 2020
Core deposits	$	95,711	$	(22,727)	$	72,984	10 years
Customer relationships	15,281		(6,600)		8,681		7-15 years
Non-compete agreements	221		(190)		31		5 years
Loan servicing rights	5,302		(2,440)		2,862		10-25 years
Total other intangible assets	$	116,515	$	(31,957)	$	84,558
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	4,880		(1,568)		3,312		10-25 years
Total other intangible assets	$	118,373	$	(22,456)	$	95,917

Schedule of Estimated Amortization Expense of Intangibles

The following presents the estimated amortization expense of intangibles:

(Dollars in thousands)	Amortization of Intangibles
2021	$	9,973
2022	11,152
2023	10,955
2024	10,708
2025	11,019
Thereafter	30,751
Total	$	84,558