WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

PRESS RELEASE

FOR IMMEDIATE RELEASE	Contact: Stephen A. Fowle

January 24, 2008	(302) 571-6833

WSFS REPORTS FULL YEAR 2007 EPS OF $4.49, AN $0.08 INCREASE OVER 2006; WSFS REPORTS QUARTERLY EPS OF $1.11, $0.01 OVER 2006

NONPERFORMING ASSETS REMAIN STEADY; 2007 NET CHARGE-OFFS LOW AT 16 BASIS POINTS; LOAN LOSS RESERVE IS STRENGTHENED

CAPITAL STRENGTHENED WHILE COMPANY CONTINUES SHARE REPURCHASE PROGRAM AND INCREASED DIVIDEND BY 25% OVER 2006

WSFS Financial Corporation (NASDAQ/GS: WSFS), the parent company of Wilmington Savings Fund Society, FSB, reported net income for the full year of 2007 of $29.2 million, or $4.49 per diluted share, compared to $30.4 million, or $4.41 in 2006. Net income for the fourth quarter of 2007 was $7.1 million, or $1.11 per diluted share, compared to $7.6 million or $1.10 in the fourth quarter of 2006.

Highlights include:

•

Commercial loans increased a strong 17%, or a $225.3 million increase from 2006.

•

Customer deposits increased 10%, or $135.5 million more than 2006. This included an increase in demand deposit accounts of $38.7 million, or 9%.

•

Noninterest income of $48.2 million increased 20% over 2006.

•

The Company strengthened its loan loss reserve by providing $3.2 million for loan losses in the fourth quarter, due to strong loan growth and a deteriorating credit environment.

•

Nonperforming assets of $16.8 million, or 0.53% of assets, remained steady in comparison to the previous quarter of $16.4 million and 0.53%. Net charge-offs of

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

0.16% of loans for 2007 is below industry averages and is returning to more historical levels for WSFS.

•

WSFS remained above “well-capitalized” levels by all regulatory measures.

•

The Company continued its share repurchase program, by repurchasing 50,500 shares of its common stock during quarter, and 564,100 or 8% of its common stock during 2007.

Notable events for the fourth quarter:

•

The Company completed the sale of its former headquarters building during the quarter. In conjunction with this sale, WSFS donated the N.C. Wyeth mural Apotheosis of the Family, which had been located in its former headquarters, to the Historical Society of Delaware. The Company recognized a benefit of $0.38 per share as a result of these related events.

•

WSFS recorded a $1.2 million, or $0.12 per share, expense related to the Visa antitrust lawsuit settlement with American Express and other pending Visa-related litigation. WSFS expects the proceeds from the anticipated share redemption for its ownership interest in Visa’s planned initial public offering will be applied to this charge.

•

Operating expenses, excluding the Visa charge, decreased in comparison to the third quarter of 2007.

CEO outlook and commentary

Mark A. Turner, WSFS’ President and CEO said, “We continue to make significant progress in many areas of our core business. Once again our customer surveys rank us “world class” in customer engagement and we believe our stellar service model has allowed us to continue to win market share from our competitors. Above-average loan growth and fee income growth are evidence of this success. Additionally, our deposit growth included strong increases in core deposits, exceeding recent industry trends.”

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

Mr. Turner continued, “While we face some of the same headwinds as the rest of the industry regarding credit quality, we believe we have planned for, and are actively responding to, these challenges. Importantly, Delaware’s relatively stable and well-diversified economy should help us as we respond to these challenges. Over the past few years we have prepared for credit challenges by: limiting our exposure to construction and land development (CLD) loans as we anticipated an end to the expansion in housing prices; diversifying our loan portfolio; and increasing the monitoring of problem loans. These steps supplement the prudent underwriting of our portfolio and the benefits of knowing our customers. The advantages of our actions include:

•

Of our $2.2 billion loan portfolio, only $252.2 million, or 11% are CLD loans and only $168.1 million, or 8%, are residential CLD.

•

We have further increased the level of diversification in our portfolio so that, as of December 31, 2007: no single industry represents more than 10% of the commercial and industrial (C&I) portfolio; no property-type represents more than 18% of our commercial real estate (CRE) portfolio; and no county exposure represents more than 17% of our CLD portfolio.

•

Our $452.6 million residential mortgage portfolio includes only $17.4 million in subprime loans. Most of our subprime portfolio is well seasoned, as is evidenced by our low charge-off and delinquency ratios. Net charge offs in this portfolio for the year were minimal at $41,000 or 23 basis points. Subprime delinquencies for the fourth quarter of 2007 were 6.15%. While December data is not yet available for the industry, our September subprime delinquencies compared very favorably to national averages. Our subprime delinquencies for September were 4.22% of subprime loans, or approximately one quarter of the national average of 16.68%, according to the Mortgage Bankers Association.

•

The rest of our mortgage portfolio’s delinquency rate also compares favorably to industry averages. For these loans, delinquencies for the fourth quarter of 2007 were 1.65%. Our September delinquencies of 1.72% are nearly half the national average of 3.25%.

•

We have increased our allowance for loan losses in each of the last eight quarters, with the provision exceeding net charge-offs. The allowance for loan losses stands at a healthy

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

1.32% of loans, compared to 1.13% for the banking industry as reported by the FDIC for the third quarter of 2007.

•

Our mortgage-backed securities portfolio is comprised of Agency and well-seasoned, high quality, AAA-rated securities. During the quarter, the market value of these securities improved by $3.3 million. Also, in connection with our reverse mortgage loan sale in 2002, we acquired one BBB-rated mortgage-backed security, with a current value of $12.4 million. This security is substantially over-collateralized. The underlying pool has been paying for years and performing better than expectations. The Company does not own any securities backed by subprime mortgages.

The measures we have taken strengthen the Bank’s credit position. We recognize that we have been subject to some of the same pressures facing the banking industry, including an increase in our delinquent loans, problem loans and charge-offs from the unsustainably low levels of recent years. During the quarter, our net charge-offs increased as we continued our diligent credit administration. This increase is largely due to the one large credit relationship we discussed last quarter. In all, we have appropriately and aggressively added to our loan loss reserves for these more challenging times.

In addition to increasing our reserve for loan losses, we also increased equity while we continued to return earnings to our shareholders through share repurchases, evidencing our strong position and faith in the Company’s future. We are more than well capitalized by regulatory definitions and we will continue to monitor and manage our capital levels prudently.

Finally, while the industry faces more challenging times, we believe our business model and balance sheet are strong, and we are well poised to continue our plans for growth and increased market share in 2008.”

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

Fourth Quarter 2007 Discussion of Financial Results

Net interest income increased over 2006

Net interest income for 2007 was $82.0 million, an increase of $4.1 million from 2006. The net interest margin increased 11 basis points (0.11%) to 3.09% during 2007, from 2.98% reported in 2006.

Net interest income for the fourth quarter of 2007 was $20.7 million, an increase of $620,000 from the fourth quarter of 2006 and $611,000 greater than the third quarter of 2007. The net interest margin declined 7 basis points (0.07%) from 3.06% reported in the fourth quarter of 2006 and 5 basis points from the third quarter of 2007. The decrease in the net interest margin in comparison to the fourth quarter of 2006 was affected by a $303,000 (or 4 basis points of margin) decrease in income related to reverse mortgages.

The fourth quarter’s margin was adversely impacted by a flat to inverted yield curve, deposit pricing competition and short-term timing differences between our loan and funding repricing.

Total commercial loans increased 17% or $225.3 million from 2006

Commercial and commercial real estate (CRE) loans increased a strong $225.3 million, or 17% over 2006 levels. Total net loans were $2.2 billion at December 31, 2007, an increase of $213.4 million, or 11%, over December 31, 2006. WSFS has continued its strategy of building its commercial and consumer loans to realign the balance sheet toward higher yielding assets.

Commercial and CRE loans increased $63.3 million, or 4% (17% annualized) and consumer loans increased $10.6 million, or 4% (16% annualized) over September 30, 2007

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

levels. Total net loans increased $75.1 million, or 3% (14% annualized) over September 30, 2007.

The following table summarizes the current loan balances and composition compared to prior periods.

(Dollars in thousands)	At Dec. 31, 2007					At Sep. 30, 2007					At Dec. 31, 2006

	Amount			%		Amount			%		Amount			%
Commercial and CRE	$	1,531,230		68	%	$	1,467,960		68	%	$	1,305,903		64	%
Residential		452,612		20			450,364		21			476,915		24
Consumer		279,107		13			268,468		12			264,307		13
Allowance for loan losses		(29,811	)	(1	)		(28,768	)	(1	)		(27,384	)	(1	)
Net Loans	$	2,233,138		100	%	$	2,158,024		100	%	$	2,019,741		100	%

Asset quality

The Company recorded a provision for loan losses of $3.2 million in the fourth quarter of 2007 compared to $1.0 million in the fourth quarter of 2006 and $1.0 million in the third quarter of 2007. The provision was affected by: (1) continued significant growth in the Company’s loans; (2) migration of certain loans toward lower credit grades as the Company continues to assess its exposure in the current environment; partially offset by (3) a lower level of estimated losses for certain types of pass-grade loans resulting from an improvement in the methodology for estimating loan losses using historical data adjusted for current conditions and trends. The improvement in this methodology resulted in a reduction of approximately $3.5 million, net, from the method previously used.

Nonperforming assets as a percentage of total assets of 0.53% at December 31, 2007 remained constant with 0.53% also reported at September 30, 2007 and increased from 0.14% at December 31, 2006.

Net charge-offs for the full year of 2007 were 0.16% compared to 0.04% for 2006. Annualized net charge-offs in the fourth quarter of 2007 were 0.39% of average loans. This compares to 0.11% for the third quarter of 2007 and 0.08% for the fourth quarter of 2006. The

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

ratio of allowance for loan losses to total loans held steady at 1.32% at December 31, 2007, compared to 1.32% at September 30, 2007 and 1.34% at December 31, 2006.

Customer deposits increased 10% or $135.5 million from the fourth quarter of 2006

Total customer deposits (core deposits and customer time deposits) were $1.5 billion at December 31, 2007, an increase of $135.5 million, or 10%, over balances at December 31, 2006. This growth included a $65.7 million increase in core deposits. The increase in core deposits included $38.7 million, or 9%, in additional demand deposit accounts.

Customer deposits increased $30.4 million, or 2% (8% annualized) from September 30, 2007. This variance was mainly due to a $28.2 million increase in customer time deposits as well as a $17.7 million increase in non-interest bearing demand deposits, offset by declines in savings and money market accounts.

The following table summarizes the current customer deposit balances and composition compared to prior periods.

(Dollars in thousands)	At Dec. 31, 2007				At Sep. 30, 2007				At Dec. 31, 2006

	Amount		%		Amount		%		Amount		%
Non-interest demand	$	290,423	20	%	$	272,678	19	%	$	276,338	21	%
Interest bearing demand		171,363	12			172,680	12			146,719	11
Savings		196,571	13			203,560	14			226,853	17
Money market		303,930	20			311,132	21			246,645	18
Total core deposits		962,287	65			960,050	66			896,555	67
Customer time		516,910	35			488,735	34			447,151	33
Total customer deposits	$	1,479,197	100	%	$	1,448,785	100	%	$	1,343,706	100	%

Noninterest income grew $1.9 million, or 17%, over the fourth quarter of 2006

During the fourth quarter of 2007, the Company recorded noninterest income of $13.0 million, an increase of $1.9 million, or 17%, from the fourth quarter of 2006. This increase included a $1.1 million non-recurring gain related to the sale of the Company’s former

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

headquarters building. Excluding this gain, noninterest income increased by $833,000, or 8%. This increase is due to increases of $158,000 in deposit service charges and $153,000 in credit/debit card and ATM income. Also adding to the increase in noninterest income were $168,000 of fees from the Company’s reverse mortgage origination initiative, formed during the second half of 2006.

Noninterest income was $199,000 higher than the third quarter of 2007. This comparison includes the previously mentioned gain on the sale of the Company’s former headquarters building in the fourth quarter, and the $882,000 non-recurring gain on the sale of its credit card portfolio recorded during the third quarter. Excluding these items, noninterest income remained similar to the previous quarter and reflects some seasonality in business lines.

Excluding non-recurring gains, fee revenues represented a healthy 36% of total revenues compared to 35% during the fourth quarter of 2006 and 37% during the third quarter of 2007.

Noninterest expense increases reflect continued investment in the WSFS franchise

Noninterest expenses for the fourth quarter of 2007 totaled $22.1 million, which was $3.6 million, or 19% greater than the fourth quarter of 2006. During the fourth quarter the Company recorded the previously mentioned $1.2 million Visa litigation expense. The remainder of the increase is primarily attributable to the Company’s continued growth efforts. Marketing expenses increased $323,000 over the fourth quarter of 2006, primarily due to the multi-year brand campaign which started late in the third quarter of 2007. With the tag line “We Stand For Service,”^TM the brand campaign leverages the Bank’s Stellar Service value proposition in a unique and memorable way.

Noninterest expenses increased $796,000, or 4%, over the third quarter of 2007. Excluding the charges related to the Visa expense, noninterest expense actually decreased $409,000, or 2%, compared to the third quarter of 2007. This included decreases to marketing expense of $264,000 and occupancy of $209,000. These decreases were partially offset by an

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

additional $320,000 or $0.03 per share of stock option expense for the immediate expensing of options granted to retirement-eligible Associates.

Income taxes

The Company recorded a $1.3 million income tax provision in the fourth quarter of 2007. This included a $1.7 million tax benefit resulting from the donation of the N.C. Wyeth mural Apotheosis of the Family. Excluding this tax benefit, the Company would have recorded a $3.0 million tax provision (reflecting a 35.5% effective tax rate) versus $4.0 million in the fourth quarter of 2006 (34.3% effective tax rate) and $3.4 million in the third quarter of 2007 (32.4% effective tax rate). The Company expects regular fluctuations in its effective tax rate.

Capital Management

During the fourth quarter of 2007, the Company strengthened its capital while returning a portion of its earnings to shareholders. The ratio of tangible equity to assets increased slightly to 6.50% at December 31, 2007, as equity increased $7.8 million over September 30, 2007. All regulatory capital levels are in excess of “well-capitalized” regulatory benchmarks, the regulators’ highest capital rating. The Tier 1 capital ratio was 11.11%, nearly double the 6.00% level required to be considered “well-capitalized” under regulatory definitions. Tangible book value per share increased to $33.71 at December 31, 2007, from $32.18 at September 30, 2007 and $31.58 at December 31, 2006. During the quarter the Company repurchased 50,500 shares of common stock at an average price of $53.36 per share. During the full year 2007, the Company repurchased 564,100 shares or 8%, of its common stock at an average price of $64.13. At December 31, 2007, the Company had 579,500 shares remaining under its current share repurchase authorization, or 9.4% of its 6.2 million outstanding shares.

The Board of Directors also declared a quarterly cash dividend of $0.10 per share. This dividend represents a 25% increase from that of the fourth quarter of 2006. This dividend will be paid on February 29, 2008, to shareholders of record as of February 15, 2008.

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

WSFS Financial Corporation is a $3.2 billionfinancial services company. Its principal subsidiary, Wilmington Savings Fund Society, FSB, currently operates 29 retail banking offices in all three counties in Delaware, as well as Chester and Delaware Counties in Pennsylvania, providing full banking services under the WSFS Bank brand, and wealth management and personal trust services under Wilmington Advisors, a division of WSFS Bank. Other subsidiaries include: WSFS Investment Group, Inc. and Montchanin Capital Management, Inc. Founded in 1832, WSFS is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit the Bank’s website at http://www.wsfsbank.com .

* * *

Statements contained in this news release which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by WSFS Financial Corporation with the Securities and Exchange Commission from time to time. The Corporation does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Corporation.

# # #

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WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS

STATEMENT OF OPERATIONS

(Dollars in thousands, except per share data)

(Unaudited)

	Three Months ended									Twelve Months ended
	December 31,			September 30,			December 31,			December 31,			December 31,
	2007			2007			2006			2007			2006
Interest income:
Interest and fees on loans	$	40,911		$	40,747		$	38,624		$	159,512		$	143,629
Interest on mortgage-backed securities		6,200			5,799			6,455			24,237			28,444
Interest and dividends on investment securities		466			457			929			3,360			2,568
Other interest income		566			576			693			2,368			2,536
		48,143			47,579			46,701			189,477			177,177
Interest expense:
Interest on deposits		13,558			15,066			13,025			57,311			42,707
Interest on Federal Home Loan Bank advances		10,821			9,280			10,747			38,561			45,878
Interest on trust preferred borrowings		1,198			1,217			1,194			4,753			5,053
Interest on other borrowings		1,856			1,917			1,645			6,843			5,640
		27,433			27,480			26,611			107,468			99,278

Net interest income		20,710			20,099			20,090			82,009			77,899
Provision for loan losses		3,217			1,001			1,036			5,862			2,738

Net interest income after provision for loan losses		17,493			19,098			19,054			76,147			75,161

Noninterest income:
Credit/debit card and ATM income		4,988			5,205			4,835			19,750			18,835
Deposit service charges		4,026			3,937			3,868			15,419			12,250
Investment advisory income		670			603			578			2,465			2,399
Loan fee income		627			615			532			2,384			1,824
Bank owned life insurance income		627			543			565			2,269			3,976
Mortgage banking activities, net		(1	)		68			6			217			225
Securities gains (losses)		82			—			—			82			(1,981	)
Non-recurring gains, net		1,097			882			—			1,979			—
Other income		892			956			694			3,601			2,777
		13,008			12,809			11,078			48,166			40,305
Noninterest expenses:
Salaries, benefits and other compensation		11,214			11,347			10,567			43,662			39,369
Occupancy expense		2,078			2,287			1,474			8,280			5,508
Equipment expense		1,428			1,597			1,174			5,616			4,393
Data processing and operations expense		1,084			1,089			879			4,062			3,511
Marketing expense		1,019			1,283			696			3,911			2,713
Professional fees		709			646			721			2,662			2,070
Other operating expenses		4,597			3,084			3,042			13,654			11,750
		22,129			21,333			18,553			81,847			69,314

Income before adjustment for minority interest and taxes		8,372			10,574			11,579			42,466			46,152
Less minority interest		—			—			11			—			51
Income before taxes		8,372			10,574			11,568			42,466			46,101
Income tax provision		1,287			3,431			3,969			13,228			15,660
Net income	$	7,085		$	7,143		$	7,599		$	29,238		$	30,441

Diluted earnings per share:
Net income	$	1.11		$	1.11		$	1.10		$	4.49		$	4.41

Weighted average shares outstanding for diluted EPS		6,356,779			6,426,816			6,904,313			6,509,709			6,903,702

Performance Ratios:

Return on average assets (a)		0.90	%		0.95	%		1.02	%		0.97	%		1.03
Return on average equity (a)		13.56			14.02			14.25			14.14			15.42
Net interest margin (a)(b)		2.99			3.04			3.06			3.09			2.98
Efficiency ratio (c)		65.09			64.28			58.99			62.34			58.09
Noninterest income as a percentage of total revenue (b)		38.26			38.60			35.22			36.69			33.78

See “Notes”

WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

SUMMARY STATEMENT OF CONDITION

(Dollars in thousands)

(Unaudited)

	December 31,			September 30,			December 31,
	2007			2007			2006
Assets:
Cash and due from banks	$	80,752		$	69,948		$	73,989
Cash in non-owned ATMs		185,707			168,162			166,092
Investment securities (d)(e)		28,272			27,530			54,491
Other investments		46,615			42,517			41,615
Mortgage-backed securities (d)		496,792			485,677			516,711
Net loans (f)(g)(n)		2,233,138			2,158,024			2,019,741
Bank owned life insurance		57,551			56,924			55,282
Other assets		72,669			74,996			69,475
Total assets	$	3,201,496		$	3,083,778		$	2,997,396

Liabilities and Stockholders' Equity:
Noninterest-bearing deposits	$	290,424		$	272,678		$	276,338
Interest-bearing deposits		1,188,773			1,176,107			1,067,368
Total customer deposits		1,479,197			1,448,785			1,343,706
Other jumbo CDs		98,758			93,580			111,388
Brokered deposits		249,206			268,724			301,254
Total deposits		1,827,161			1,811,089			1,756,348


Federal Home Loan Bank advances		898,280			798,560			784,028
Other borrowings		236,880			236,120			218,651
Other liabilities		28,256			34,901			26,256

Total liabilities		2,990,577			2,880,670			2,785,283

Minority interest		—			34			54

Stockholders' equity		210,919			203,074			212,059

Total liabilities, minority interest and stockholders' equity	$	3,201,496		$	3,083,778		$	2,997,396


Capital Ratios:

Equity to asset ratio		6.59	%		6.59	%		7.07	%
Tangible equity to asset ratio		6.50			6.49			7.00
Core capital (h) (required: 4.00%; well-capitalized: 5.00%)		8.62			8.68			9.25
Tier 1 capital (h) (required: 4.00%; well-capitalized: 6.00%)		11.11			11.10			12.42
Risk-based capital (h) (required: 8.00%; well-capitalized: 10.00%)		12.27			12.22			13.54


Asset Quality Indicators:

Nonperforming Assets:
Nonaccruing loans	$	16,137		$	15,727		$	3,832
Assets acquired through foreclosure		703			703			388
Total nonperforming assets	$	16,840		$	16,430		$	4,220

Past due loans (i)	$	575		$	733		$	251

Allowance for loan losses	$	29,811		$	28,768		$	27,384

Ratio of nonperforming assets to total assets		0.53	%		0.53	%		0.14	%
Ratio of allowance for loan losses to total gross
loans (j)		1.32			1.32			1.34
Ratio of allowance for loan losses to nonaccruing
loans (k)		180			172			705
Ratio of quarterly net charge-offs
to average gross loans (a)(f)		0.39			0.11			0.08
Ratio of year-to-date net charge-offs
to average gross loans (a)(f)		0.16			0.08			0.04

See “Notes”

WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

AVERAGE BALANCE SHEET

(Dollars in thousands)

(Unaudited)

		Three months ended
		December 31, 2007							September 30, 2007							December 31, 2006
		Average			Interest &	Yield/			Average			Interest &	Yield/			Average			Interest &	Yield/
		Balance			Dividends	Rate(a)(b)			Balance			Dividends	Rate(a)(b)			Balance			Dividends	Rate(a)(b)
Assets:
Interest-earning assets:
Loans: (f) (l)
Commercial real estate loans	$	732,075		$	14,272	7.80	%	$	697,945		$	14,286	8.19	%	$	656,780			$ 13,938	8.49	%
Residential real estate loans (n)		449,181			6,633	5.91			454,010			6,551	5.77			480,350			6,777	5.64
Commercial loans		776,442			14,995	7.70			721,080			14,707	8.13			627,892			12,888	8.21
Consumer loans		274,238			5,011	7.25			272,881			5,203	7.56			264,210			5,021	7.54
Total loans (n)		2,231,936			40,911	7.38			2,145,916			40,747	7.65			2,029,232			38,624	7.67
Mortgage-backed securities (d)		500,417			6,200	4.96			467,998			5,799	4.96			530,385			6,455	4.87
Investment securities (d)(e)		27,886			466	6.68			27,704			457	6.60			54,712			929	6.79
Other interest-earning assets		45,492			566	4.94			38,030			576	6.02			47,777			693	5.75
Total interest-earning assets		2,805,731			48,143	6.90			2,679,648			47,579	7.14			2,662,106			46,701	7.06

Allowance for loan losses		(28,754	)						(28,503	)						(27,093	)
Cash and due from banks		68,510							64,834							66,701
Cash in non-owned ATMs		172,843							169,775							151,675
Bank owned life insurance		57,127							56,571							56,357
Other noninterest-earning assets		67,281							70,447							60,919
Total assets	$	3,142,738						$	3,012,772						$	2,970,665

Liabilities and Stockholders’ Equity:
Interest-bearing liabilities:
Interest bearing deposits:
Interest-bearing demand		$ 154,389		$	400	1.03		$	$ 154,474		$	401	1.03		$	126,509		$	254	0.80
Money market		309,807			2,723	3.49			313,825			3,057	3.86			247,489			2,318	3.72
Savings		200,220			359	0.71			208,811			437	0.83			233,392			615	1.05
Customer time deposits		499,061			5,939	4.72			490,133			5,848	4.73			434,395			4,942	4.51
Total interest-bearing customer deposits		1,163,477			9,421	3.21			1,167,243			9,743	3.31			1,041,785			8,129	3.10
Other jumbo certificates of deposit		97,442			1,242	5.06			94,535			1,268	5.32			100,667			1,365	5.38
Brokered deposits		227,372			2,895	5.05			299,337			4,055	5.38			261,714			3,531	5.35
Total interest-bearing deposits		1,488,291			13,558	3.61			1,561,115			15,066	3.83			1,404,166			13,025	3.68

FHLB of Pittsburgh advances		904,608			10,821	4.68			719,175			9,280	5.05			863,177			10,747	4.87
Trust preferred borrowings		67,011			1,198	7.00			67,011			1,217	7.11			67,011			1,194	6.97
Other borrowed funds		168,553			1,856	4.40			160,752			1,917	4.77			136,653			1,645	4.82
Total interest-bearing liabilities		2,628,463			27,433	4.17			2,508,053			27,480	4.38			2,471,007			26,611	4.31

Noninterest-bearing demand deposits		272,091							273,990							258,702
Other noninterest-bearing liabilities		33,221							26,884							27,665
Minority interest		33							34							51
Stockholders’ equity		208,930							203,811							213,240
Total liabilities and stockholders’ equity	$	3,142,738						$	3,012,772						$	2,970,665

Excess of interest-earning assets
over interest-bearing liabilities	$	177,268						$	171,595						$	191,099

Net interest and dividend income				$	20,710						$	20,099						$	20,090

Interest rate spread						2.73	%						2.76	%						2.75	%
Net interest margin						2.99	%						3.04	%						3.06	%

See “Notes”

WSFS

Financial

Corporation

WSFS Bank Center

500 Delaware Avenue, Wilmington, Delaware 19801

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

(Dollars in thousands, except per share data)

(Unaudited)

	Three months ended						Twelve months ended
	December 31,		September 30,		December 31,		December 31,	December 31,
	2007		2007		2006		2007	2006

Stock Information:

Market price of common stock:
High	$ 67.97		$ 67.31		$ 68.00		$ 70.69	$ 68.00
Low	49.87		54.15		60.35		49.87	58.08
Close	50.20		62.40		66.93		50.20	66.93
Book value per share	34.20		32.67		31.93
Tangible book value per share	33.71		32.18		31.58
Number of shares outstanding (000s)	6,167		6,215		6,642

Other Financial Data:

One-year repricing gap to total assets (m)	(3.72)	%	(1.12)	%	(1.03)	%
Weighted average duration of the MBS portfolio	2.8 years		3.3 years		2.9 years
Unrealized losses on securities available-for-sale, net of taxes	$ (3,405)		$ (6,724)		$ (8,012)
Number of associates (FTEs)	599		612		573
Number of branch offices	29		29		27
Number of WSFS owned ATMs	325		319		313

Notes:

(a)	Annualized.
(b)	Computed on a fully tax-equivalent basis.
(c)	Noninterest expense divided by (tax-equivalent) net interest income and noninterest income.
(d)	Includes securities available-for-sale.
(e)	Includes reverse mortgages.
(f)	Net of unearned income.
(g)	Net of allowance for loan losses.
(h)	Represents capital ratios of Wilmington Savings Fund Society, FSB and subsidiaries.
(i)	Accruing loans which are contractually past due 90 days or more as to principal or interest.
(j)	Excludes loans held-for-sale.
(k)	Includes general reserves only.
(l)	Nonperforming loans are included in average balance computations.
(m)	The difference between projected amounts of interest-sensitive assets and interest-sensitive liabilities repricing within one year divided by total assets, based on a current interest rate scenario.
(n)	Includes loans held-for-sale.

500 Delaware Avenue, Wilmington, Delaware		19801
(Address of principal executive offices)		(Zip Code)