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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION
16. SEGMENT INFORMATION
As defined in ASC 280, Segment Reporting (ASC 280), an operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the enterprise’s chief operating decision makers to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The Company evaluates performance based on pretax net income relative to resources used, and allocate resources based on these results. The accounting policies applicable to the Company's segments are those that apply to its preparation of the accompanying unaudited Consolidated Financial Statements. Based on these criteria, the Company has identified three segments: WSFS Bank, Cash Connect®, and Wealth Management.
The WSFS Bank segment provides financial products to commercial and retail customers. Retail and Commercial Banking, Commercial Real Estate Lending and other banking business units are operating departments of WSFS Bank. These departments share the same regulators, the same market, many of the same customers and provide similar products and services through the general infrastructure of the Bank. Accordingly, these departments are not considered discrete segments and are appropriately aggregated in the WSFS Bank segment.
The Company's Cash Connect® segment provides ATM vault cash, smart safe and other cash logistics services through strategic partnerships with several of the largest networks, manufacturers and service providers in the ATM industry. Cash Connect® services non-bank and WSFS-branded ATMs and retail safes nationwide. The balance sheet category Cash in non-owned ATMs includes cash from which fee income is earned through bailment arrangements with customers of Cash Connect®.
The Wealth Management segment provides a broad array of planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate, and institutional clients through multiple integrated businesses. WSFS Wealth® Investments provides financial advisory services along with insurance and brokerage products. Cypress, a registered investment adviser, is a fee-only wealth management firm managing a “balanced” investment style portfolio focused on preservation of capital and generating current income. West Capital, a registered investment adviser, is a fee-only wealth management firm operating under a multi-family office philosophy to provide customized solutions to institutions and high-net-worth individuals. WSFS Institutional Services® provides trustee, agency, bankruptcy administration, custodial and commercial domicile services to institutional, corporate clients and special purpose vehicles. BMT-DE and Christiana Trust DE, which merged on April 1, 2022, provide personal trust and fiduciary services to families and individuals across the U.S. under The Bryn Mawr Trust Company of Delaware name. Powdermill® is a multi-family office specializing in providing independent solutions to high-net-worth individuals, families and corporate executives through a coordinated, centralized approach. WSFS Wealth Client Management serves high-net-worth clients by delivering credit and deposit products and partnering with other Wealth Management businesses to provide comprehensive solutions to clients. BMT Insurance Advisors is a full-service insurance agency, through which the Bank offers insurance and related products and services to its customer base. This includes casualty, property and allied insurance lines, as well as life insurance, annuities, medical insurance and accident and health insurance for groups and individuals.
The following tables show segment results for the three months ended March 31, 2022 and 2021:
 Three Months Ended March 31, 2022Three Months Ended March 31, 2021
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
Management		TotalWSFS Bank
Cash
Connect®
Wealth
Management		Total
Statements of Income
External customer revenues:
Interest income$141,402 $— $2,735 $144,137 $119,131 $— $2,150 $121,281 
Noninterest income18,825 10,070 31,679 60,574 23,348 9,702 14,772 47,822 
Total external customer revenues160,227 10,070 34,414 204,711 142,479 9,702 16,922 169,103 
Inter-segment revenues:
Interest income1,052 326 5,339 6,717 844 269 2,695 3,808 
Noninterest income6,490 365 186 7,041 3,695 286 401 4,382 
Total inter-segment revenues7,542 691 5,525 13,758 4,539 555 3,096 8,190 
Total revenue167,769 10,761 39,939 218,469 147,018 10,257 20,018 177,293 
External customer expenses:
Interest expense5,403 — 176 5,579 6,904 — 192 7,096 
Noninterest expenses148,501 7,549 18,407 174,457 80,544 7,298 7,777 95,619 
Provision for (recovery of) credit losses19,209 — (238)18,971 (19,593)— (567)(20,160)
Total external customer expenses173,113 7,549 18,345 199,007 67,855 7,298 7,402 82,555 
Inter-segment expenses:
Interest expense5,665 275 777 6,717 2,964 180 664 3,808 
Noninterest expenses551 1,145 5,345 7,041 687 1,087 2,608 4,382 
Total inter-segment expenses6,216 1,420 6,122 13,758 3,651 1,267 3,272 8,190 
Total expenses179,329 8,969 24,467 212,765 71,506 8,565 10,674 90,745 
(Loss) income before taxes$(11,560)$1,792 $15,472 $5,704 $75,512 $1,692 $9,344 $86,548 
Income tax provision1,737 21,407 
Consolidated net income3,967 65,141 
Net income attributable to noncontrolling interest163 59 
Net income attributable to WSFS$3,804 $65,082 
Supplemental Information
Capital expenditures for the period ended$1,647 $— $— $1,647 $1,270 $— $— $1,270 
The following table shows significant components of segment net assets as of March 31, 2022 and December 31, 2021:
 March 31, 2022December 31, 2021
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
Management		TotalWSFS Bank
Cash
Connect®
Wealth
Management		Total
Statements of Financial Condition
Cash and cash equivalents$1,773,611 $479,576 $30,582 $2,283,769 $1,039,046 $477,806 $16,087 $1,532,939 
Goodwill750,275 — 136,890 887,165 452,629 — 20,199 472,828 
Other segment assets17,423,737 4,836 365,167 17,793,740 13,481,370 6,785 283,405 13,771,560 
Total segment assets$19,947,623 $484,412 $532,639 $20,964,674 $14,973,045 $484,591 $319,691 $15,777,327