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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income $ 60,902 $ 95,611 $ 64,869 $ 160,752
Less: Net income (loss) attributable to noncontrolling interest 162 (56) 325 3
Net income attributable to WSFS 60,740 95,667 64,544 160,749
Net change in unrealized (losses) gains on investment securities available-for-sale        
Net unrealized (losses) gains arising during the period, net of tax (benefit) of $(26,975), $7,615, $(114,107), and $(14,361), respectively (85,422) 24,104 (361,340) (45,485)
Less: reclassification adjustment for net gains on sales realized in net income, net of tax expense of $—, $—, $— and $79, respectively 0 0 0 (250)
Net change in unrealized gains (losses) on investment securities available-for-sale (85,422) 24,104 (361,340) (45,735)
Net change in securities held-to-maturity        
Net change in unrealized loss on securities reclassified to held-to-maturity, net of tax benefit of $37,830, $9 , $37,839 and $14, respectively [1] (119,796) (28) (119,824) (44)
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 $(9), (8), $(17) and (13), respectively (28) (24) (55) (40)
Net change in cash flow hedge        
Net unrealized gain arising during the period, net of tax expense of $—, $— , $— and $— respectively 0 0 1 0
Amortization of unrealized gain on terminated cash flow hedges, net of tax benefit of $13, $(35) , $(25) and $(70), respectively (40) (112) (80) (223)
Net change in cash flow hedge (40) (112) (79) (223)
Net change in equity method investments        
Net change in other comprehensive income of equity method investments, net of tax expense of $59,$— , $59 and $86, respectively 188 0 188 273
Total other comprehensive (loss) income (205,098) 23,940 (481,110) (45,769)
Total comprehensive (loss) income $ (144,358) $ 119,607 $ (416,566) $ 114,980
[1] Includes $119.8 million, net of tax benefit, of unrealized losses on transferred investment securities with a book value of $1.1 billion from available-for-sale to held-to-maturity.