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Goodwill and Intangibles (Tables)
6 Months Ended
Jun. 30, 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

     336        —          —          336  
  

 

 

    

 

 

    

 

 

    

 

 

 

June 30, 2015

   $ 43,853      $ —        $ 5,134      $ 48,987  
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Intangible Assets

The following table summarizes intangible assets:

 

     Gross             Net  
(In Thousands)    Intangible      Accumulated      Intangible  

June 30, 2015

   Assets      Amortization      Assets  

Core deposits

   $ 7,610      $ (3,838    $ 3,772  

CB&T intangibles

     3,142        (1,083      2,059  

Array and Arrow intangibles

     2,353        (672      1,681  

Mortgage servicing rights

     1,422        (877      545  
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 14,527      $ (6,470    $ 8,057  
  

 

 

    

 

 

    

 

 

 

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:

 

     Amortization  
(In Thousands)    of Intangibles  

Remaining in 2015

   $ 935  

2016

     1,433  

2017

     1,216  

2018

     1,136  

2019

     965  

Thereafter

     2,372  
  

 

 

 

Total

   $ 8,057