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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 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
Wealth
Management
Consolidated
Company
December 31, 2021$452,629 $20,199 $472,828 
Goodwill from business combinations297,646 116,691 414,337 
Goodwill adjustments3,311 (6,839)(3,528)
December 31, 2022753,586 130,051 883,637 
Goodwill from business combinations(1)
— 2,261 2,261 
December 31, 2023$753,586 $132,312 $885,898 
(1)During the third quarter of 2023, BMCM acquired the business of a registered investment advisory firm.
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, 2023
Core deposits$104,751 $(50,754)$53,997 10 years
Customer relationships73,880 (18,153)55,727 
7-15 years
Tradename2,900 — 2,900 indefinite
Loan servicing rights(1)
12,613 (6,575)6,038 
10-25 years
Total intangible assets$194,144 $(75,482)$118,662 
December 31, 2022
Core deposits$104,751 $(40,443)$64,308 10 years
Customer relationships68,281 (12,937)55,344 
7-15 years
Non-compete agreements200 (200)— 1 year
Tradename2,900 — 2,900 indefinite
Loan servicing rights(2)
11,118 (5,075)6,043 
10-25 years
Total intangible assets$187,250 $(58,655)$128,595 
(1)Includes impairment losses of less than $0.1 million for the year ended December 31, 2023.
(2)Includes impairment losses of $0.3 million for the year ended December 31, 2022.
Schedule of Estimated Amortization Expense of Intangibles
The following presents the estimated amortization expense of intangibles:
 
(Dollars in thousands)
Amortization
of Intangibles
2024$16,913 
202516,548 
202615,845 
202715,385 
202814,567 
Thereafter36,504 
Total$115,762