Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Details of Segment Information

For the three months ended March 31, 2016:

(In Thousands)	WSFS Bank		Cash Connect		Wealth Management			Total
Statement of Operations
External customer revenues:
Interest income	$	48,038	$	—	$	2,008		$	50,046
Noninterest income		9,852		7,673		5,545			23,070
Total external customer revenues		57,890		7,673		7,553			73,116
Inter-segment revenues:
Interest income		1,061		—		1,895			2,956
Noninterest income		2,060		193		24			2,277
Total inter-segment revenues		3,121		193		1,919			5,233
Total revenue		61,011		7,866		9,472			78,349
External customer expenses:
Interest expense		4,497		—		193			4,690
Noninterest expenses		33,812		4,850		4,537			43,199
Provision for loan losses		815		—		(35	)		780
Total external customer expenses		39,124		4,850		4,695			48,669
Inter-segment expenses:
Interest expense		1,895		555		506			2,956
Noninterest expenses		217		715		1,345			2,277
Total inter-segment expenses		2,112		1,270		1,851			5,233
Total expenses		41,236		6,120		6,546			53,902
Income before taxes	$	19,775	$	1,746	$	2,926		$	24,447
Income tax provision									8,677
Consolidated net income								$	15,770
Capital expenditures	$	1,211	$	20	$	2		$	1,233
As of March 31, 2016:
Statement of Condition
Cash and cash equivalents	$	74,695	$	513,813	$	1,520		$	590,028
Goodwill		79,720		—		5,134			84,854
Other segment assets		4,812,640		3,173		194,299			5,010,112
Total segment assets	$	4,967,055	$	516,986	$	200,953		$	5,684,994

For the three months ended March 31, 2015:

(In Thousands)	WSFS Bank		Cash Connect		Wealth Management		Total
Statement of Operations
External customer revenues:
Interest income	$	40,823	$	—	$	2,028	$	42,851
Noninterest income		9,189		6,639		5,267		21,095
Total external customer revenues		50,012		6,639		7,295		63,946
Inter-segment revenues:
Interest income		871		—		1,447		2,318
Noninterest income		1,784		168		18		1,970
Total inter-segment revenues		2,655		168		1,465		4,288
Total revenue		52,667		6,807		8,760		68,234
External customer expenses:
Interest expense		3,912		—		122		4,034
Noninterest expenses		31,079		4,175		3,659		38,913
Provision for loan losses		733		—		53		786
Total external customer expenses		35,724		4,175		3,834		43,733
Inter-segment expenses
Interest expense		1,447		373		498		2,318
Noninterest expenses		186		614		1,170		1,970
Total inter-segment expenses		1,633		987		1,668		4,288
Total expenses		37,357		5,162		5,502		48,021
Income before taxes	$	15,310	$	1,645	$	3,258	$	20,213
Income tax provision								7,324
Consolidated net income								12,889
Capital expenditures (1)	$	497	$	234	$	3	$	734
As of December 31, 2015:
Statement of Condition
Cash and cash equivalents	$	65,663	$	493,165	$	2,351	$	561,179
Goodwill		80,078		—		5,134		85,212
Other segment assets		4,746,995		—		192,576		4,939,571
Total segment assets	$	4,892,736	$	493,165	$	200,061	$	5,585,962

(1) Capital expenditures amounts have been adjusted to correct errors that were not material to our Form 10-Q for the quarterly period ended March 31, 2015. Previously reported capital expenditures were $817,000 for WSFS Bank, $0 for Cash Connect, $0 for Wealth Management, and $817,000 for Total Consolidated Company.