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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION
14. 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 consumer customers. Consumer 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. Bryn Mawr Trust® is our predominant Private Wealth Management brand, providing advisory, investment management and trustee services to institutions, affluent and high-net-worth individuals. The Bryn Mawr Trust Company of Delaware provides personal trust and fiduciary services to families and individuals across the U.S. and internationally. WSFS Institutional Services® provides trustee, agency, bankruptcy administration, custodial and commercial domicile services to institutional, corporate clients and special purpose vehicles. Private Wealth Management serves high-net-worth clients and institutions by providing trustee and advisory services, financial planning, customized investment strategies, brokerage products such as annuities and traditional banking services such as credit and deposit products tailored to its clientele. Private Wealth Management includes businesses that operate under the bank’s charter, through a broker/dealer and as a registered investment advisor (RIA). It generates revenue through fee-only arrangements, net interest income and other fee-only services such as estate administration, trust tax planning and custody. 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.
The following tables show segment results for the three months ended March 31, 2023 and 2022:
 Three Months Ended March 31, 2023Three Months Ended March 31, 2022
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
Management		TotalWSFS Bank
Cash
Connect®
Wealth
Management		Total
Statements of Income
External customer revenues:
Interest income$221,285 $— $5,098 $226,383 $141,402 $— $2,735 $144,137 
Noninterest income14,150 18,179 30,798 63,127 18,825 10,070 31,679 60,574 
Total external customer revenues235,435 18,179 35,896 289,510 160,227 10,070 34,414 204,711 
Inter-segment revenues:
Interest income6,099 395 20,727 27,221 1,052 326 5,339 6,717 
Noninterest income6,900 461 105 7,466 6,490 365 186 7,041 
Total inter-segment revenues12,999 856 20,832 34,687 7,542 691 5,525 13,758 
Total revenue248,434 19,035 56,728 324,197 167,769 10,761 39,939 218,469 
External customer expenses:
Interest expense38,487 — 5,364 43,851 5,403 — 176 5,579 
Noninterest expenses100,949 13,500 18,596 133,045 148,501 7,549 18,407 174,457 
Provision for (recovery of) credit losses27,717 — 1,294 29,011 19,209 — (238)18,971 
Total external customer expenses167,153 13,500 25,254 205,907 173,113 7,549 18,345 199,007 
Inter-segment expenses:
Interest expense21,122 3,559 2,540 27,221 5,665 275 777 6,717 
Noninterest expenses566 1,346 5,554 7,466 551 1,145 5,345 7,041 
Total inter-segment expenses21,688 4,905 8,094 34,687 6,216 1,420 6,122 13,758 
Total expenses188,841 18,405 33,348 240,594 179,329 8,969 24,467 212,765 
Income before taxes$59,593 $630 $23,380 $83,603 $(11,560)$1,792 $15,472 $5,704 
Income tax provision20,941 1,737 
Consolidated net income62,662 3,967 
Net (loss) income attributable to noncontrolling interest258 163 
Net income attributable to WSFS$62,404 $3,804 
Supplemental Information
Capital expenditures for the period ended$856 $— $— $856 $1,647 $— $— $1,647 
The following table shows significant components of segment net assets as of March 31, 2023 and December 31, 2022:
 March 31, 2023December 31, 2022
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
Management		TotalWSFS Bank
Cash
Connect®
Wealth
Management		Total
Statements of Financial Condition
Cash and cash equivalents$659,901 $394,931 $48,208 $1,103,040 $317,022 $476,850 $43,386 $837,258 
Goodwill753,586 — 130,051 883,637 753,586 — 130,051 883,637 
Other segment assets17,933,900 3,137 395,576 18,332,613 17,824,946 10,429 358,485 18,193,860 
Total segment assets$19,347,387 $398,068 $573,835 $20,319,290 $18,895,554 $487,279 $531,922 $19,914,755