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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Beneficial
Cumulative change in accounting principle (Note 2)
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Common Stock
Common Stock
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Capital in Excess of Par Value
Capital in Excess of Par Value
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Accumulated Other Comprehensive (Loss) Income
Reclassification due to the adoption of ASU No. 2016-01
Retained Earnings
Retained Earnings
Cumulative change in accounting principle (Note 2)
Retained Earnings
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Retained Earnings
Reclassification due to the adoption of ASU No. 2016-01
Treasury Stock
Treasury Stock
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Total Stockholders’ Equity of WSFS
Total Stockholders’ Equity of WSFS
Cumulative change in accounting principle (Note 2)
Total Stockholders’ Equity of WSFS
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Non-controlling Interest
Non-controlling Interest
Balance, January 1, 2020 (as adjusted for change in accounting principle)
Beginning Balance (in shares) at Dec. 31, 2017         56,279,527                                  
Beginning balance at Dec. 31, 2017 $ 724,345       $ 563   $ 336,271   $ (8,152)   $ 20 $ 669,557     $ (20) $ (273,894)   $ 724,345     $ 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 134,743                     134,743           134,743     0  
Other comprehensive income (loss) (7,242)               (7,262)                 (7,262)        
Cash dividend (13,249)                     (13,249)           (13,249)        
Issuance of common stock including proceeds from exercise of common stock options (in shares)         647,451                                  
Issuance of common stock including proceeds from exercise of common stock options 11,253       $ 6   11,247                     11,253        
Stock-based compensation expense 2,292           2,292                     2,292        
Repurchases of common stock (31,202)                             (31,202)   (31,202)        
Ending Balance (in shares) at Dec. 31, 2018         56,926,978                                  
Ending balance at Dec. 31, 2018 $ 820,920       $ 569   349,810   (15,394)     791,031       (305,096)   820,920     0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Accounting standards update extensible list us-gaap:AccountingStandardsUpdate201601Member                                          
Repurchases of common stock (in shares) 691,742                                          
Net income $ 147,918                     148,809           148,809     (891)  
Other comprehensive income (loss) 38,895               38,895                 38,895        
Cash dividend (22,463)                     (22,463)           (22,463)        
Issuance of common stock including proceeds from exercise of common stock options (in shares)         508,680                                  
Issuance of common stock including proceeds from exercise of common stock options 7,755       $ 6   7,749                     7,755        
Re-issuance of treasury stock in connection with BNCL merger and related items 950,044           687,897                 262,071   949,968     76  
Stock-based compensation expense 3,608           3,608                     3,608        
Repurchases of common stock [1] (97,186)                             (97,186)   (97,186)        
Ending Balance (in shares) at Dec. 31, 2019         57,435,658 57,435,658                                
Ending balance at Dec. 31, 2019 $ 1,849,491   $ (30,368) $ 1,819,123 $ 575 $ 575 1,049,064 $ 1,049,064 23,501 $ 23,501   917,377 $ (30,368) $ 887,009   (140,211) $ (140,211) 1,850,306 $ (30,368) $ 1,819,938 (815) $ (815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Repurchases of common stock (in shares) 2,132,390                                          
Shares repurchased in buy back program (in shares)   132,993                                        
Net income $ 113,320                     114,774           114,774     (1,454)  
Other comprehensive income (loss) 32,506               32,506                 32,506        
Cash dividend (24,369)                     (24,369)           (24,369)        
Issuance of common stock including proceeds from exercise of common stock options (in shares)         140,125                                  
Issuance of common stock including proceeds from exercise of common stock options 2,032       $ 1   2,031                     2,032        
Contributions from noncontrolling shareholders 23                                       23  
Stock-based compensation expense 2,677           2,677                     2,677        
Repurchases of common stock [1] (155,832)           (750)                 (155,082)   (155,832)        
Ending Balance (in shares) at Dec. 31, 2020         57,575,783                                  
Ending balance at Dec. 31, 2020 $ 1,789,480       $ 576   $ 1,053,022   $ 56,007     $ 977,414       $ (295,293)   $ 1,791,726     $ (2,246)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Repurchases of common stock (in shares)                               3,950,855            
Shares repurchased in buy back program (in shares)   24,910                                        
[1] Repurchase of common stock for the years ended December 31, 2020 and 2019 included 3,950,855 and 2,132,390 shares repurchased, respectively, in connection with the Company's share buyback program approved by the Board of Directors, and 24,910 and 132,993 shares repurchased, respectively, to cover taxes due on the consideration transferred in the Beneficial acquisition related to the vesting of unrestricted Beneficial stock awards.