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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2023
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 reportable operating segments for purposes of goodwill impairment testing:

(Dollars in thousands)WSFS
Bank
Cash
Connect®
Wealth
Management
Consolidated
Company
December 31, 2022$753,586 $— $130,051 $883,637 
Goodwill from business combinations(1)
  2,261 2,261 
September 30, 2023$753,586 $ $132,312 $885,898 
(1)During the third quarter of 2023, BMCM acquired the business of a registered investment advisory firm.
Schedule of Finite-Lived Intangible Assets The following table summarizes the Company's intangible assets:
(Dollars in thousands)Gross
Intangible
Assets
Accumulated
Amortization
Net
Intangible
Assets
Amortization Period
September 30, 2023
Core deposits$104,751 $(48,180)$56,571 10 years
Customer relationships73,880 (16,795)57,085 
7-15 years
Loan servicing rights(1)
12,201 (6,183)6,018 
10-25 years
Tradename2,900  2,900 indefinite
Total intangible assets$193,732 $(71,158)$122,574 
December 31, 2022
Core deposits$104,751 $(40,443)$64,308 10 years
Customer relationships68,281 (12,937)55,344 
7-15 years
Loan servicing rights(2)
11,118 (5,075)6,043 
10-25 years
Tradename2,900 — 2,900 indefinite
Non-compete agreements200 (200)— 1 year
Total intangible assets$187,250 $(58,655)$128,595 
(1)Includes a reversal of impairment losses of $0.2 million and less than $0.1 million for the three and nine months ended September 30, 2023, respectively.
(2)Includes impairment losses of $0.3 million for the year ended December 31, 2022.
Schedule of Indefinite-Lived Intangible Assets The following table summarizes the Company's intangible assets:
(Dollars in thousands)Gross
Intangible
Assets
Accumulated
Amortization
Net
Intangible
Assets
Amortization Period
September 30, 2023
Core deposits$104,751 $(48,180)$56,571 10 years
Customer relationships73,880 (16,795)57,085 
7-15 years
Loan servicing rights(1)
12,201 (6,183)6,018 
10-25 years
Tradename2,900  2,900 indefinite
Total intangible assets$193,732 $(71,158)$122,574 
December 31, 2022
Core deposits$104,751 $(40,443)$64,308 10 years
Customer relationships68,281 (12,937)55,344 
7-15 years
Loan servicing rights(2)
11,118 (5,075)6,043 
10-25 years
Tradename2,900 — 2,900 indefinite
Non-compete agreements200 (200)— 1 year
Total intangible assets$187,250 $(58,655)$128,595 
(1)Includes a reversal of impairment losses of $0.2 million and less than $0.1 million for the three and nine months ended September 30, 2023, respectively.
(2)Includes impairment losses of $0.3 million for the year ended December 31, 2022.
Schedule of Estimated Amortization Expense of Intangibles
The following table presents the estimated future amortization expense on definite life intangible assets:
(Dollars in thousands)September 30, 2023
Remaining in 2023$4,239 
202416,793 
202516,451 
202615,775 
202715,337 
Thereafter51,079 
Total$119,674