SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2012

Segment Information

Segment information for the three and six months ended June 30, 2012 and 2011 follows:

For the three months ended June 30, 2012

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	35,688	$	—	$	2,075	$	37,763
Noninterest income		20,969		4,473		3,550		28,992
Total external customer revenues		56,657		4,473		5,625		66,755
Inter-segment revenues:
Interest income		1,048		—		1,479		2,527
Noninterest income		2,178		248		—		2,426
Total inter-segment revenues		3,226		248		1,479		4,953
Total revenue		59,883		4,721		7,104		71,708
External customer expenses:
Interest expense		5,478		—		207		5,685
Noninterest expenses		27,583		2,543		2,891		33,017
Provision for loan loss		15,494		—		889		16,383
Total external customer expenses		48,555		2,543		3,987		55,085
Inter-segment expenses
Interest expense		1,479		336		712		2,527
Noninterest expenses		248		601		1,577		2,426
Total inter-segment expenses		1,727		937		2,289		4,953
Total expenses		50,282		3,480		6,276		60,038
Income before taxes	$	9,601	$	1,241	$	828	$	11,670
Provision for income taxes								4,340
Consolidated net income							$	7,330
Capital expenditures	$	2,208	$	—	$	3	$	2,211
As of June 30, 2012
Cash and cash equivalents	$	62,314	$	401,316	$	3,621	$	467,251
Other segment assets		3,534,103		2,125		188,895		3,725,123
Total segment assets	$	3,596,417	$	403,441	$	192,516	$	4,192,374

For the three months ended June 30, 2011

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	37,469	$	—	$	2,345	$	39,814
Noninterest income		9,003		3,833		3,193		16,029
Total external customer revenues		46,472		3,833		5,538		55,843
Inter-segment revenues:
Interest income		1,098		—		1,113		2,211
Noninterest income		1,627		161		—		1,788
Total inter-segment revenues		2,725		161		1,113		3,999
Total revenue		49,197		3,994		6,651		59,842
External customer expenses:
Interest expense		8,284		—		343		8,627
Noninterest expenses		25,612		1,872		3,168		30,652
Provision for loan loss		8,279		—		303		8,582
Total external customer expenses		42,175		1,872		3,814		47,861
Inter-segment expenses
Interest expense		1,113		293		805		2,211
Noninterest expenses		161		353		1,274		1,788
Total inter-segment expenses		1,274		646		2,079		3,999
Total expenses		43,449		2,518		5,893		51,860
Income (loss) before taxes	$	5,748	$	1,476	$	758	$	7,982
Provision for income taxes								2,459
Consolidated net income				.			$	5,523
Capital expenditures	$	2,561	$	133	$	299	$	2,993
As of December 31, 2011
Cash and cash equivalents	$	48,107	$	416,949	$	2,961	$	468,017
Other segment assets		3,618,744		2,155		200,092		3,820,991
Total segment assets	$	3,666,851	$	419,104	$	203,053	$	4,289,008

For the six months ended June 30, 2012

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	72,724	$	—	$	4,262	$	76,986
Noninterest income		30,498		8,546		6,706		45,750
Total external customer revenues		103,222		8,546		10,968		122,736
Inter-segment revenues:
Interest income		2,156		—		2,986		5,142
Noninterest income		4,247		421		—		4,668
Total inter-segment revenues		6,403		421		2,986		9,810
Total revenue		109,625		8,967		13,954		132,546
External customer expenses:
Interest expense		11,953		—		425		12,378
Noninterest expenses		53,967		4,515		5,524		64,006
Provision for loan loss		23,790		—		838		24,628
Total external customer expenses		89,710		4,515		6,787		101,012
Inter-segment expenses
Interest expense		2,986		670		1,486		5,142
Noninterest expenses		421		1,126		3,121		4,668
Total inter-segment expenses		3,407		1,796		4,607		9,810
Total expenses		93,117		6,311		11,394		110,822
Income (loss) before taxes	$	16,508	$	2,656	$	2,560	$	21,724
Provision for income taxes								7,950
Consolidated net income							$	13,774
Capital expenditures	$	4,114	$	10	$	20	$	4,144
As of June 30, 2012
Cash and cash equivalents	$	62,314	$	401,316	$	3,621	$	467,251
Other segment assets		3,534,103		2,125		188,895		3,725,123
Total segment assets	$	3,596,417	$	403,441	$	192,516	$	4,192,374

For the six months ended June 30, 2011

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	74,256	$	—	$	4,710	$	78,966
Noninterest income		16,288		7,249		6,131		29,668
Total external customer revenues		90,544		7,249		10,841		108,634
Inter-segment revenues:
Interest income		2,208		—		2,407		4,615
Noninterest income		3,427		322		—		3,749
Total inter-segment revenues		5,635		322		2,407		8,364
Total revenue		96,179		7,571		13,248		116,998
External customer expenses:
Interest expense		16,834		—		691		17,525
Noninterest expenses		52,651		3,637		5,751		62,039
Provision for loan loss		13,734		—		756		14,490
Total external customer expenses		83,219		3,637		7,198		94,054
Inter-segment expenses
Interest expense		2,407		564		1,644		4,615
Noninterest expenses		322		804		2,623		3,749
Total inter-segment expenses		2,729		1,368		4,267		8,364
Total expenses		85,948		5,005		11,465		102,418
Income (loss) before taxes	$	10,231	$	2,566	$	1,783	$	14,580
Provision for income taxes								4,851
Consolidated net income							$	9,729
Capital expenditures	$	4,394	$	177	$	306	$	4,877
As of December 31, 2011
Cash and cash equivalents	$	48,107	$	416,949	$	2,961	$	468,017
Other segment assets		3,618,744		2,155		200,092		3,820,991
Total segment assets	$	3,666,851	$	419,104	$	203,053	$	4,289,008