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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income $ 68,595 $ 60,902 $ 131,257 $ 64,869
Less: Net (loss) income attributable to noncontrolling interest (83) 162 175 325
Net income attributable to WSFS 68,678 60,740 131,082 64,544
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 $(12,747), $(26,975), $3,993, and $(114,107), respectively (40,367) (85,422) 12,643 (361,340)
Net change in securities held-to-maturity        
Net change unrealized gains (losses) on available-for-sale securities reclassified to held-to-maturity, net of tax (benefit) expense of $(1,386), $37,830, $(2,702), and $37,839, respectively(1) [1] 4,393 (119,796) 8,558 (119,824)
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 $17, 9, $28, and $17, respectively (54) (28) (89) (55)
Net change in cash flow hedge        
Net unrealized (gain) loss arising during the period, net of tax expense of $(466), $—, $(361), and $—, respectively (1,475) 0 (1,143) 1
Amortization of unrealized gain on terminated cash flow hedges, net of tax benefit of $13, $13, $25, and $25, respectively (40) (40) (80) (80)
Net change in cash flow hedge (1,515) (40) (1,223) (79)
Net change in equity method investments        
Net change in other comprehensive income of equity method investments, net of tax (benefit) expense of $(32), $59, $(33), and $59, respectively (101) 188 (104) 188
Net current-period other comprehensive (loss) income (37,644) (205,098) 19,785 (481,110)
Total comprehensive income (loss) $ 31,034 $ (144,358) $ 150,867 $ (416,566)
[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 that were transferred in June 2022.