SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2012

Segment Information

the accompanying Consolidated Financial Statements. Segment information for the three and nine months ended September 30, 2012 and 2011 follows:

For the three months ended September 30, 2012

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	34,475	$	—	$	2,039	$	36,514
Noninterest income		11,686		4,707		3,355		19,748
Total external customer revenues		46,161		4,707		5,394		56,262
Inter-segment revenues:
Interest income		944		—		1,358		2,302
Noninterest income		2,122		148		24		2,294
Total inter-segment revenues		3,066		148		1,382		4,596
Total revenue		49,227		4,855		6,776		60,858
External customer expenses:
Interest expense		5,377		—		244		5,621
Noninterest expenses		27,300		2,113		2,740		32,153
Provision for loan loss		2,997		—		754		3,751
Total external customer expenses		35,674		2,113		3,738		41,525
Inter-segment expenses
Interest expense		1,358		338		606		2,302
Noninterest expenses		172		586		1,536		2,294
Total inter-segment expenses		1,530		924		2,142		4,596
Total expenses		37,204		3,037		5,880		46,121
Income before taxes and extraordinary items	$	12,023	$	1,818	$	896	$	14,737
Provision for income taxes								4,758
Consolidated net income							$	9,979
Capital expenditures	$	1,289	$	311	$	3	$	1,603
As of September 30, 2012
Cash and cash equivalents	$	52,821	$	390,356	$	3,923	$	447,100
Other segment assets		3,622,291		1,976		189,965		3,814,232
Total segment assets	$	3,675,112	$	392,332	$	193,888	$	4,261,332

For the three months ended September 30, 2011

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	37,729	$	—	$	2,362	$	40,091
Noninterest income		9,389		4,235		3,300		16,924
Total external customer revenues		47,118		4,235		5,662		57,015
Inter-segment revenues:
Interest income		1,136		—		1,406		2,542
Noninterest income		1,793		202		21		2,016
Total inter-segment revenues		2,929		202		1,427		4,558
Total revenue		50,047		4,437		7,089		61,573
External customer expenses:
Interest expense		7,600		—		311		7,911
Noninterest expenses		27,524		2,187		2,701		32,412
Provision for loan loss		6,068		—		490		6,558
Total external customer expenses		41,192		2,187		3,502		46,881
Inter-segment expenses
Interest expense		1,406		349		787		2,542
Noninterest expenses		223		358		1,435		2,016
Total inter-segment expenses		1,629		707		2,222		4,558
Total expenses		42,821		2,894		5,724		51,439
Income before taxes and extraordinary items	$	7,226	$	1,543	$	1,365	$	10,134
Provision for income taxes								3,348
Consolidated net income							$	6,786
Capital expenditures	$	2,374	$	837	$	2	$	3,213
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 nine months ended September 30, 2012

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	107,199	$	—	$	6,301	$	113,500
Noninterest income		42,238		13,254		10,006		65,498
Total external customer revenues		149,437		13,254		16,307		178,998
Inter-segment revenues:
Interest income		3,099		—		4,344		7,443
Noninterest income		6,368		568		79		7,015
Total inter-segment revenues		9,467		568		4,423		14,458
Total revenue		158,904		13,822		20,730		193,456
External customer expenses:
Interest expense		17,330		—		669		17,999
Noninterest expenses		81,267		6,628		8,264		96,159
Provision for loan loss		26,786		—		1,593		28,379
Total external customer expenses		125,383		6,628		10,526		142,537
Inter-segment expenses
Interest expense		4,344		1,008		2,091		7,443
Noninterest expenses		647		1,711		4,657		7,015
Total inter-segment expenses		4,991		2,719		6,748		14,458
Total expenses		130,374		9,347		17,274		156,995
Income before taxes and extraordinary items	$	28,530	$	4,475	$	3,456	$	36,461
Provision for income taxes								12,708
Consolidated net income							$	23,753
Capital expenditures	$	5,406	$	321	$	20	$	5,747
As of September 30, 2012
Cash and cash equivalents	$	52,821	$	390,356	$	3,923	$	447,100
Other segment assets		3,622,291		1,976		189,965		3,814,232
Total segment assets	$	3,675,112	$	392,332	$	193,888	$	4,261,332

For the nine months ended September 30, 2011

	WSFS Bank		Cash Connect		Trust & Wealth Management		Total
	(In Thousands)
External customer revenues:
Interest income	$	111,984	$	—	$	7,073	$	119,057
Noninterest income		25,275		11,484		9,833		46,592
Total external customer revenues		137,259		11,484		16,906		165,649
Inter-segment revenues:
Interest income		3,344		—		4,505		7,849
Noninterest income		5,610		524		93		6,227
Total inter-segment revenues		8,954		524		4,598		14,076
Total revenue		146,213		12,008		21,504		179,725
External customer expenses:
Interest expense		24,434		—		1,002		25,436
Noninterest expenses		79,866		5,824		8,761		94,451
Provision for loan loss		19,802		—		1,246		21,048
Total external customer expenses		124,102		5,824		11,009		140,935
Inter-segment expenses
Interest expense		4,505		913		2,431		7,849
Noninterest expenses		617		1,162		4,448		6,227
Total inter-segment expenses		5,122		2,075		6,879		14,076
Total expenses		129,224		7,899		17,888		155,011
Income before taxes and extraordinary items	$	16,989	$	4,109	$	3,616	$	24,714
Provision for income taxes								8,199
Consolidated net income							$	16,515
Capital expenditures	$	6,768	$	1,014	$	308	$	8,090
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