Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Details of Segment Information

For the three months ended September 30, 2015: (In Thousands)
	WSFS Bank		Cash Connect		Wealth Management		Total
Statement of Operations
External customer revenues:
Interest income	$	42,873	$	—	$	1,984	$	44,857
Noninterest income		8,944		7,138		5,583		21,665
Total external customer revenues		51,817		7,138		7,567		66,522
Inter-segment revenues:
Interest income		879		—		1,697		2,576
Noninterest income		2,028		219		26		2,273
Total inter-segment revenues		2,907		219		1,723		4,849
Total revenue		54,724		7,357		9,290		71,371
External customer expenses:
Interest expense		3,688		—		172		3,860
Noninterest expenses		30,066		4,255		4,384		38,705
Provision for loan losses		1,345		—		108		1,453
Total external customer expenses		35,099		4,255		4,664		44,018
Inter-segment expenses:
Interest expense		1,697		394		485		2,576
Noninterest expenses		245		624		1,404		2,273
Total inter-segment expenses		1,942		1,018		1,889		4,849
Total expenses		37,041		5,273		6,553		48,867
Income before taxes	$	17,683	$	2,084	$	2,737	$	22,504
Income tax provision								8,078
Consolidated net income							$	14,426
Capital expenditures	$	3,487	$	1,466	$	16	$	4,969
As of September 30, 2015:
Statement of Condition
Cash and cash equivalents	$	78,209	$	448,594	$	2,234	$	529,037
Goodwill		43,653		—		5,134		48,787
Other segment assets		4,305,469		—		184,649		4,490,118
Total segment assets	$	4,427,331	$	448,594	$	192,017	$	5,067,942

For the three months ended September 30, 2014: (In Thousands)
	WSFS Bank		Cash Connect		Wealth Management		Total
Statement of Operations
External customer revenues:
Interest income	$	38,777	$	—	$	2,022	$	40,799
Noninterest income		9,161		6,640		4,503		20,304
Total external customer revenues		47,938		6,640		6,525		61,103
Inter-segment revenues:
Interest income		880		—		1,361		2,241
Noninterest income		1,602		204		32		1,838
Total inter-segment revenues		2,482		204		1,393		4,079
Total revenue		50,420		6,844		7,918		65,182
External customer expenses:
Interest expense		3,952		—		100		4,052
Noninterest expenses		32,033		3,993		3,137		39,163
Provision for loan losses		198		—		135		333
Total external customer expenses		36,183		3,993		3,372		43,548
Inter-segment expenses
Interest expense		1,361		360		520		2,241
Noninterest expenses		236		509		1,093		1,838
Total inter-segment expenses		1,597		869		1,613		4,079
Total expenses		37,780		4,862		4,985		47,627
Income before taxes	$	12,640	$	1,982	$	2,933	$	17,555
Income tax provision								6,142
Consolidated net income								11,413
Capital expenditures	$	914	$	67	$	—	$	981
As of December 31, 2014:
Statement of Condition
Cash and cash equivalents	$	73,395	$	431,527	$	3,117	$	508,039
Goodwill		43,517		—		5,134		48,651
Other segment assets		4,107,212		2,006		187,412		4,296,630
Total segment assets	$	4,224,124	$	433,533	$	195,663	$	4,853,320

For the nine months ended September 30, 2015: (In Thousands)
	WSFS Bank		Cash Connect		Wealth Management		Total
Statement of Operations
External customer revenues:
Interest income	$	124,739	$	—	$	6,024	$	130,763
Noninterest income		27,615		20,845		16,758		65,218
Total external customer revenues		152,354		20,845		22,782		195,981
Inter-segment revenues:
Interest income		2,626		—		4,782		7,408
Noninterest income		5,810		601		73		6,484
Total inter-segment revenues		8,436		601		4,855		13,892
Total revenue		160,790		21,446		27,637		209,873
External customer expenses:
Interest expense		11,422		—		437		11,859
Noninterest expenses		91,066		12,780		12,426		116,272
Provision for loan losses		5,688		—		324		6,012
Total external customer expenses		108,176		12,780		13,187		134,143
Inter-segment expenses:
Interest expense		4,782		1,156		1,470		7,408
Noninterest expenses		674		1,882		3,928		6,484
Total inter-segment expenses		5,456		3,038		5,398		13,892
Total expenses		113,632		15,818		18,585		148,035
Income before taxes	$	47,158	$	5,628	$	9,052	$	61,838
Income tax provision								22,289
Consolidated net income							$	39,549
Capital expenditures	$	4,603	$	4,036	$	29	$	8,668
As of September 30, 2015:
Statement of Condition
Cash and cash equivalents	$	78,209	$	448,594	$	2,234	$	529,037
Goodwill		43,653		—		5,134		48,787
Other segment assets		4,305,469		—		184,649		4,490,118
Total segment assets	$	4,427,331	$	448,594	$	192,017	$	5,067,942

For the nine months ended September 30, 2014: (In Thousands)
	WSFS Bank		Cash Connect		Wealth Management		Total
Statement of Operations
External customer revenues:
Interest income	$	112,178	$	—	$	5,819	$	117,997
Noninterest income		26,334		18,974		12,983		58,291
Total external customer revenues		138,512		18,974		18,802		176,288
Inter-segment revenues:
Interest income		2,545		—		4,124		6,669
Noninterest income		5,041		601		85		5,727
Total inter-segment revenues		7,586		601		4,209		12,396
Total revenue		146,098		19,575		23,011		188,684
External customer expenses:
Interest expense		11,413		—		316		11,729
Noninterest expenses		87,668		11,425		9,179		108,272
Provision for loan losses		2,320		—		693		3,013
Total external customer expenses		101,401		11,425		10,188		123,014
Inter-segment expenses:
Interest expense		4,124		1,019		1,526		6,669
Noninterest expenses		686		1,688		3,353		5,727
Total inter-segment expenses		4,810		2,707		4,879		12,396
Total expenses		106,211		14,132		15,067		135,410
Income before taxes	$	39,887	$	5,443	$	7,944	$	53,274
Income tax provision								12,225
Consolidated net income							$	41,049
Capital expenditures	$	2,207	$	156	$	3	$	2,366
As of December 31, 2014:
Statement of Condition
Cash and cash equivalents	$	73,395	$	431,527	$	3,117	$	508,039
Goodwill		43,517		—		5,134		48,651
Other segment assets		4,107,212		2,006		187,412		4,296,630
Total segment assets	$	4,224,124	$	433,533	$	195,663	$	4,853,320