GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023	$	753,586	$	132,312	$	885,898
Goodwill adjustments	—		—		—
March 31, 2024	$	753,586	$	132,312	$	885,898

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
March 31, 2024
Core deposits	$	104,751	$	(53,327)	$	51,424	10 years
Customer relationships	73,880		(19,512)		54,368		7-15 years
Loan servicing rights(1)	12,734		(6,980)		5,754		10-25 years
Tradename	2,900		—		2,900		indefinite
Total intangible assets	$	194,265	$	(79,819)	$	114,446
December 31, 2023
Core deposits	$	104,751	$	(50,754)	$	53,997	10 years
Customer relationships	73,880		(18,153)		55,727		7-15 years
Loan servicing rights(2)	12,613		(6,575)		6,038		10-25 years
Tradename	2,900		—		2,900		indefinite
Total intangible assets	$	194,144	$	(75,482)	$	118,662

(1)Includes impairment losses of $0.1 million for the three months ended March 31, 2024.

(2)Includes impairment losses of less than $0.1 million for the year ended December 31, 2023.

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
March 31, 2024
Core deposits	$	104,751	$	(53,327)	$	51,424	10 years
Customer relationships	73,880		(19,512)		54,368		7-15 years
Loan servicing rights(1)	12,734		(6,980)		5,754		10-25 years
Tradename	2,900		—		2,900		indefinite
Total intangible assets	$	194,265	$	(79,819)	$	114,446
December 31, 2023
Core deposits	$	104,751	$	(50,754)	$	53,997	10 years
Customer relationships	73,880		(18,153)		55,727		7-15 years
Loan servicing rights(2)	12,613		(6,575)		6,038		10-25 years
Tradename	2,900		—		2,900		indefinite
Total intangible assets	$	194,144	$	(75,482)	$	118,662

(1)Includes impairment losses of $0.1 million for the three months ended March 31, 2024.

(2)Includes impairment losses of less than $0.1 million for the year ended December 31, 2023.

Schedule of Estimated Amortization Expense of Intangibles

The following table presents the estimated future amortization expense on definite life intangible assets:

(Dollars in thousands)	March 31, 2024
Remaining in 2024	$	12,678
2025	16,576
2026	15,869
2027	15,404
2028	14,580
Thereafter	36,439
Total	$	111,546