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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 629,310 $ 332,961
Cash in non-owned ATMs 458,889 499,017
Interest-bearing deposits in other banks including collateral (restricted cash) of $4,270 at December 31, 2023 and $4,650 at December 31, 2022 4,701 5,280
Total cash, cash equivalents, and restricted cash 1,092,900 837,258
Investment securities, available for sale (amortized cost of $4,504,342 at December 31, 2023 and $4,834,550 at December 31, 2022) 3,846,537 4,093,060
Investment securities, held to maturity, net of allowance for credit losses of $8 at December 31, 2023 and $10 at December 31, 2022 (fair value $985,931 at December 31, 2023 and $1,040,104 at December 31, 2022) 1,058,557 1,111,619
Other investments 17,434 26,120
Loans held for sale at fair value 29,268 42,985
Loans and leases, net of allowance of $186,126 at December 31, 2023 and $151,861 at December 31, 2022 12,583,202 11,759,992
Bank-owned life insurance 42,762 101,935
Stock in Federal Home Loan Bank of Pittsburgh, at cost 15,398 24,116
Other real estate owned 1,569 833
Accrued interest receivable 85,979 74,448
Premises and equipment 104,484 115,603
Goodwill 885,898 883,637
Intangible assets 118,662 128,595
Other assets 712,022 714,554
Total assets 20,594,672 19,914,755
Deposits:    
Noninterest-bearing 4,917,297 5,739,647
Interest-bearing demand 11,556,789 10,463,922
Total deposits 16,474,086 16,203,569
Federal Home Loan Bank advances 0 350,000
Trust preferred borrowings 90,638 90,442
Senior and subordinated debt 218,400 248,169
Other borrowed funds 586,038 38,283
Accrued interest payable 46,684 5,174
Other liabilities 709,011 777,232
Total liabilities 18,124,857 17,712,869
Stockholders’ Equity:    
Common stock 0.01 par value, shares authorized of 90,000,000; shares issued of 76,095,094 at December 31, 2023 and 75,921,997 at December 31, 2022 761 759
Capital in excess of par value 1,984,746 1,974,210
Accumulated other comprehensive loss (593,991) (675,844)
Retained earnings 1,643,657 1,411,243
Treasury stock at cost, 15,557,263 shares at December 31, 2023 and 14,310,085 shares at December 31, 2022 (557,537) (505,255)
Total stockholders’ equity of WSFS 2,477,636 2,205,113
Noncontrolling interest (7,821) (3,227)
Total stockholders’ equity 2,469,815 2,201,886
Total liabilities and stockholders’ equity $ 20,594,672 $ 19,914,755