XML 15 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 693,830 $ 722,722
Cash in non-owned ATMs 322,520 430,320
Interest-bearing deposits in other banks including collateral (restricted cash) of $560 at March 31, 2025 and $1,701 at December 31, 2024 944 1,776
Total cash, cash equivalents, and restricted cash 1,017,294 1,154,818
Investment securities, available-for-sale (amortized cost of $4,163,541 at March 31, 2025 and $4,218,266 at December 31, 2024) 3,548,077 3,510,648
Investment securities, held-to-maturity, net of allowance for credit losses of $6 at March 31, 2025 and $7 at December 31, 2024 (fair value $898,739 at March 31, 2025 and $895,511 at December 31, 2024) 1,006,410 1,015,161
Other investments 17,722 18,184
Loans, held for sale at fair value 52,481 49,699
Loans and leases, net of allowance for credit losses of $187,515 at March 31, 2025 and $195,281 at December 31, 2024 12,922,842 12,996,218
Bank owned life insurance 36,344 36,565
Stock in Federal Home Loan Bank (FHLB) of Pittsburgh at cost 20,886 11,805
Other real estate owned 5,204 5,204
Accrued interest receivable 80,418 84,671
Premises and equipment 85,237 86,028
Goodwill and intangible assets 983,882 988,160
Other assets, net of allowance for credit losses of $567 at March 31, 2025 and $– at December 31, 2024 772,153 857,142
Total assets 20,548,950 20,814,303
Deposits:    
Noninterest-bearing 4,947,049 4,987,753
Interest-bearing 11,932,012 12,042,055
Total deposits 16,879,061 17,029,808
FHLB advances 51,040 51,040
Trust preferred borrowings 90,883 90,834
Senior and subordinated debt 148,688 218,631
Other borrowed funds 27,481 23,102
Accrued interest payable 35,947 38,173
Other liabilities 654,641 783,339
Total liabilities 17,887,741 18,234,927
Stockholders’ Equity:    
Common stock $0.01 par value, 90,000,000 shares authorized; issued 76,327,551 at March 31, 2025 and 76,264,211 at December 31, 2024 763 763
Capital in excess of par value 1,999,830 1,996,191
Accumulated other comprehensive loss (549,474) (624,877)
Retained earnings 1,928,631 1,871,523
Treasury stock at cost, 18,634,216 shares at March 31, 2025 and 17,607,002 shares at December 31, 2024 (708,136) (653,848)
Total stockholders’ equity of WSFS 2,671,614 2,589,752
Noncontrolling interest (10,405) (10,376)
Total stockholders' equity 2,661,209 2,579,376
Total liabilities and stockholders' equity $ 20,548,950 $ 20,814,303