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Goodwill and Intangibles (Tables)
3 Months Ended
Mar. 31, 2015
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:

 

                   Trust &         
     WSFS      Cash      Wealth      Consolidated  
(In Thousands)    Bank      Connect      Management      Company  

December 31, 2014

   $  43,517      $  —        $  5,134      $  48,651  

Changes in goodwill

     173        —          —          173  
  

 

 

    

 

 

    

 

 

    

 

 

 

March 31, 2015

$ 43,690   $ —     $ 5,134   $ 48,824  
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Intangible Assets

The following table summarizes intangible assets:

 

     Gross             Net  
(In Thousands)    Intangible      Accumulated      Intangible  

March 31, 2015

   Assets      Amortization      Assets  

Core deposits

   $ 7,610      $ (3,578    $  4,032  

CB&T intangibles

     3,142        (1,035      2,107  

Array and Arrow intangibles

     2,353        (584      1,769  

Mortgage servicing rights

     1,478        (841      637  
  

 

 

    

 

 

    

 

 

 

Total intangible assets

$  14,583   $ (6,038 $  8,545  
  

 

 

    

 

 

    

 

 

 

December 31, 2014

                    

Core deposits

   $ 7,610      $ (3,321    $ 4,289  

CB&T intangibles

     3,142        (985      2,157  

Array and Arrow intangibles

     2,353        (497      1,856  

Mortgage servicing rights

     1,455        (815      640  
  

 

 

    

 

 

    

 

 

 

Total intangible assets

$ 14,560   $ (5,618 $ 8,942  
  

 

 

    

 

 

    

 

 

 
Schedule of Estimated Amortization Expense of Intangibles

The following presents the estimated amortization expense of intangibles:

 

(In Thousands)    Amortization
of Intangibles
 

Remaining in 2015

   $ 1,074  

2016

     1,238  

2017

     1,091  

2018

     1,072  

2019

     1,055  

Thereafter

     3,015  
  

 

 

 

Total

$ 8,545