GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2019

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 our reportable operating segments for purposes of goodwill impairment testing:

(Dollars in thousands)	WSFS Bank		Cash Connect		Wealth Management		Consolidated Company
December 31, 2018	$	145,808	$	—	$	20,199	$	166,007
Goodwill from business combinations	309,486		—		—		309,486
March 31, 2019	$	455,294	$	—	$	20,199	$	475,493

Summary of Other Intangible Assets

The following table summarizes our intangible assets:

(Dollars in thousands)	Gross Intangible Assets		Accumulated Amortization			Net Intangible Assets		Amortization Period
March 31, 2019
Core deposits	$	95,711	$	(6,235	)	$	89,476	10 years
Customer relationships	17,561		(6,215		)	11,346		7-15 years
Non-compete agreements	221		(113		)	108		5 years
Loan servicing rights	5,177		(1,337		)	3,840		10-30 years
Total intangible assets	$	118,670	$	(13,900	)	$	104,770
December 31, 2018
Core deposits	$	10,658	$	(5,285	)	$	5,373	10 years
Customer relationships	17,561		(5,815		)	11,746		7-15 years
Non-compete agreements	221		(101		)	120		5 years
Loan servicing rights	2,652		(1,301		)	1,351		10-30 years
Favorable lease asset (1)	1,932		(506		)	1,426		10 months-18 years
Total intangible assets	$	33,024	$	(13,008	)	$	20,016

⁽¹⁾  The favorable lease asset was fully amortized and written off during the three months ended March 31, 2019 as a result of our adoption of ASU 2016-01. See Note 2 for further information.

Schedule of Estimated Amortization Expense of Intangibles

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

(Dollars in thousands)	Amortization of Intangibles
Remaining in 2019	$	9,779
2020	10,981
2021	10,655
2022	10,592
2023	10,564
Thereafter	52,199
Total	$	104,770