Document
false--12-31Q220190000828944P10Y218163550.110.200.120.230.010.01650000009000000056926978572396830P10Y1000000P15YP18YP30YP7YP10MP10YP10YP5YP15YP30YP7YP10YP10YP5Y323000525000760003160000500015000190001398000511200062890001183100002555288740077225000012000100000003600073000270005600090009000800017000700000 0000828944 2019-01-01 2019-06-30 0000828944 2019-08-02 0000828944 2019-04-01 2019-06-30 0000828944 2018-01-01 2018-06-30 0000828944 us-gaap:MortgageBankingMember 2018-01-01 2018-06-30 0000828944 us-gaap:MortgageBankingMember 2019-04-01 2019-06-30 0000828944 2018-04-01 2018-06-30 0000828944 us-gaap:DepositAccountMember 2018-01-01 2018-06-30 0000828944 us-gaap:ServiceOtherMember 2019-04-01 2019-06-30 0000828944 us-gaap:FinancialServiceMember 2018-04-01 2018-06-30 0000828944 us-gaap:MortgageBankingMember 2018-04-01 2018-06-30 0000828944 us-gaap:DepositAccountMember 2019-04-01 2019-06-30 0000828944 us-gaap:ServiceOtherMember 2019-01-01 2019-06-30 0000828944 us-gaap:FinancialServiceMember 2019-04-01 2019-06-30 0000828944 us-gaap:CreditAndDebitCardMember 2018-01-01 2018-06-30 0000828944 us-gaap:MortgageBankingMember 2019-01-01 2019-06-30 0000828944 us-gaap:ServiceOtherMember 2018-01-01 2018-06-30 0000828944 us-gaap:FinancialServiceMember 2019-01-01 2019-06-30 0000828944 us-gaap:DepositAccountMember 2018-04-01 2018-06-30 0000828944 us-gaap:CreditAndDebitCardMember 2019-04-01 2019-06-30 0000828944 us-gaap:DepositAccountMember 2019-01-01 2019-06-30 0000828944 us-gaap:CreditAndDebitCardMember 2019-01-01 2019-06-30 0000828944 us-gaap:ServiceOtherMember 2018-04-01 2018-06-30 0000828944 us-gaap:CreditAndDebitCardMember 2018-04-01 2018-06-30 0000828944 us-gaap:FinancialServiceMember 2018-01-01 2018-06-30 0000828944 2018-12-31 0000828944 2019-06-30 0000828944 us-gaap:TreasuryStockMember 2019-04-01 2019-06-30 0000828944 wsfs:BeneficialMember us-gaap:TreasuryStockMember 2019-01-01 2019-06-30 0000828944 us-gaap:TreasuryStockMember 2019-01-01 2019-06-30 0000828944 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0000828944 us-gaap:ParentMember 2019-04-01 2019-06-30 0000828944 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000828944 us-gaap:ParentMember 2019-01-01 2019-06-30 0000828944 us-gaap:CommonStockMember 2019-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000828944 us-gaap:TreasuryStockMember 2019-06-30 0000828944 us-gaap:ParentMember 2019-06-30 0000828944 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0000828944 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0000828944 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000828944 us-gaap:RetainedEarningsMember 2018-12-31 0000828944 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000828944 us-gaap:NoncontrollingInterestMember 2018-12-31 0000828944 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-06-30 0000828944 us-gaap:CommonStockMember 2019-01-01 2019-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000828944 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-06-30 0000828944 2019-03-31 0000828944 us-gaap:RetainedEarningsMember 2019-03-31 0000828944 us-gaap:CommonStockMember 2018-12-31 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000828944 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000828944 us-gaap:NoncontrollingInterestMember 2019-06-30 0000828944 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000828944 us-gaap:ParentMember 2018-12-31 0000828944 us-gaap:CommonStockMember 2019-03-31 0000828944 us-gaap:TreasuryStockMember 2019-03-31 0000828944 us-gaap:ParentMember 2019-03-31 0000828944 us-gaap:TreasuryStockMember 2018-12-31 0000828944 us-gaap:RetainedEarningsMember 2019-06-30 0000828944 us-gaap:NoncontrollingInterestMember 2019-03-31 0000828944 us-gaap:ParentMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommonStockMember 2018-01-01 2018-06-30 0000828944 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000828944 us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0000828944 us-gaap:CommonStockMember 2017-12-31 0000828944 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000828944 us-gaap:RetainedEarningsMember 2017-12-31 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000828944 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2018-06-30 0000828944 us-gaap:RetainedEarningsMember 2018-06-30 0000828944 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-06-30 0000828944 us-gaap:ParentMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000828944 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0000828944 us-gaap:CommonStockMember 2018-06-30 0000828944 us-gaap:TreasuryStockMember 2018-06-30 0000828944 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000828944 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000828944 us-gaap:TreasuryStockMember 2018-03-31 0000828944 us-gaap:ParentMember 2018-06-30 0000828944 2017-12-31 0000828944 us-gaap:NoncontrollingInterestMember 2018-03-31 0000828944 us-gaap:TreasuryStockMember 2018-01-01 2018-06-30 0000828944 us-gaap:NoncontrollingInterestMember 2018-06-30 0000828944 us-gaap:CommonStockMember 2018-03-31 0000828944 us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0000828944 us-gaap:TreasuryStockMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000828944 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000828944 us-gaap:NoncontrollingInterestMember 2017-12-31 0000828944 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000828944 us-gaap:ParentMember 2018-03-31 0000828944 2018-03-31 0000828944 2018-06-30 0000828944 us-gaap:TreasuryStockMember 2017-12-31 0000828944 us-gaap:ParentMember 2017-12-31 0000828944 us-gaap:RetainedEarningsMember 2018-03-31 0000828944 stpr:PA 2019-06-30 0000828944 stpr:VA 2019-06-30 0000828944 stpr:DE 2019-06-30 0000828944 srt:ParentCompanyMember 2019-06-30 0000828944 stpr:NV 2019-06-30 0000828944 stpr:NJ 2019-06-30 0000828944 wsfs:BeneficialMember 2019-03-01 0000828944 wsfs:BeneficialMember 2019-03-01 2019-03-01 0000828944 wsfs:BeneficialMember wsfs:LoanServicingRightsMember 2019-03-01 0000828944 wsfs:BeneficialMember us-gaap:CoreDepositsMember 2019-03-01 0000828944 2019-03-01 0000828944 wsfs:BeneficialMember 2018-10-01 2018-12-31 0000828944 wsfs:BeneficialMember 2019-04-01 2019-06-30 0000828944 2018-10-01 2018-12-31 0000828944 wsfs:BeneficialMember 2019-03-31 0000828944 wsfs:BeneficialMember us-gaap:DepositsMember 2019-03-01 2019-03-01 0000828944 us-gaap:CashMember wsfs:BeneficialMember 2019-03-01 2019-03-01 0000828944 us-gaap:LoansMember wsfs:BeneficialMember 2019-03-01 2019-03-01 0000828944 wsfs:BeneficialMember wsfs:DeferredIncomeTaxesMember 2019-03-01 2019-03-01 0000828944 us-gaap:OtherLiabilitiesMember wsfs:BeneficialMember 2019-03-01 2019-03-01 0000828944 wsfs:BeneficialMember us-gaap:SecuritiesInvestmentMember 2019-03-01 2019-03-01 0000828944 us-gaap:OtherAssetsMember wsfs:BeneficialMember 2019-03-01 2019-03-01 0000828944 wsfs:PremisesAndEquipmentMember wsfs:BeneficialMember 2019-03-01 2019-03-01 0000828944 wsfs:BeneficialMember us-gaap:CoreDepositsMember 2019-03-01 2019-03-01 0000828944 wsfs:OtherCardandATMFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:InterchangeFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:InterchangeFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:OtherCardandATMFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:BailmentFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:BailmentFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:InterchangeFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:BailmentFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:InterchangeFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:BailmentFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:OtherCardandATMFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:OtherCardandATMFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:ATMInsuranceMember 2019-01-01 2019-06-30 0000828944 wsfs:ATMInsuranceMember 2018-01-01 2018-06-30 0000828944 wsfs:MiscellaneousProductsAndServicesMember 2018-01-01 2018-06-30 0000828944 wsfs:ATMInsuranceMember 2019-04-01 2019-06-30 0000828944 wsfs:CurrencyPreparationMember 2018-04-01 2018-06-30 0000828944 wsfs:ManagedServiceFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:CurrencyPreparationMember 2018-01-01 2018-06-30 0000828944 wsfs:ATMInsuranceMember 2018-04-01 2018-06-30 0000828944 wsfs:CurrencyPreparationMember 2019-04-01 2019-06-30 0000828944 wsfs:MiscellaneousProductsAndServicesMember 2019-04-01 2019-06-30 0000828944 wsfs:ManagedServiceFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:MiscellaneousProductsAndServicesMember 2019-01-01 2019-06-30 0000828944 wsfs:ManagedServiceFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:CurrencyPreparationMember 2019-01-01 2019-06-30 0000828944 wsfs:MiscellaneousProductsAndServicesMember 2018-04-01 2018-06-30 0000828944 wsfs:ManagedServiceFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:TrustFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:WealthManagementandAdvisoryFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:TrustFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:WealthManagementandAdvisoryFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:WealthManagementandAdvisoryFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:WealthManagementandAdvisoryFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:TrustFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:TrustFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:ReturnandOverdraftFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:OtherDepositServiceFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:OtherDepositServiceFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:OtherDepositServiceFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:ServiceFeesMember 2019-04-01 2019-06-30 0000828944 wsfs:ReturnandOverdraftFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:ReturnandOverdraftFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:ServiceFeesMember 2018-01-01 2018-06-30 0000828944 wsfs:OtherDepositServiceFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:ServiceFeesMember 2018-04-01 2018-06-30 0000828944 wsfs:ServiceFeesMember 2019-01-01 2019-06-30 0000828944 wsfs:ReturnandOverdraftFeesMember 2019-01-01 2019-06-30 0000828944 us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2019-06-30 0000828944 us-gaap:OtherInvestmentCompaniesMember 2019-06-30 0000828944 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000828944 us-gaap:ForeignGovernmentDebtMember 2019-06-30 0000828944 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2019-06-30 0000828944 us-gaap:CollateralizedMortgageObligationsMember 2019-06-30 0000828944 us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2019-06-30 0000828944 wsfs:VisaMember us-gaap:CommonStockMember us-gaap:CommonClassBMember 2019-06-30 0000828944 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000828944 us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2018-12-31 0000828944 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2018-12-31 0000828944 us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2018-12-31 0000828944 us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000828944 us-gaap:MortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0000828944 2018-01-01 2018-12-31 0000828944 us-gaap:OtherInvestmentCompaniesMember 2018-12-31 0000828944 wsfs:VisaMember us-gaap:CommonStockMember us-gaap:CommonClassBMember 2018-12-31 0000828944 us-gaap:MortgageBackedSecuritiesMember 2018-01-01 2018-12-31 0000828944 wsfs:BeneficialMember 2019-03-01 0000828944 wsfs:CommercialAndIndustrialMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember 2018-12-31 0000828944 wsfs:OneToFourFamilyResidentialMortgageMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember 2019-06-30 0000828944 wsfs:CommercialSmallBusinessLeasesMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember 2019-06-30 0000828944 wsfs:CommercialAndIndustrialMember 2019-06-30 0000828944 wsfs:FinancingReceivablePortfolioSegmentIncludingReverseMortgagesMember 2019-06-30 0000828944 wsfs:FinancingReceivablePortfolioSegmentIncludingReverseMortgagesMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember 2018-12-31 0000828944 wsfs:OneToFourFamilyResidentialMortgageMember 2018-12-31 0000828944 wsfs:CommercialSmallBusinessLeasesMember 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember 2018-01-01 2018-12-31 0000828944 us-gaap:CommercialLoanMember 2018-01-01 2018-12-31 0000828944 us-gaap:CommercialLoanMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000828944 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember 2018-01-01 2018-12-31 0000828944 us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember 2018-01-01 2018-12-31 0000828944 us-gaap:CommercialLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember 2018-01-01 2018-12-31 0000828944 us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember 2018-01-01 2018-12-31 0000828944 us-gaap:CommercialLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember us-gaap:PerformingFinancingReceivableMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 us-gaap:NonperformingFinancingReceivableMember wsfs:ResidentialAndConsumerLoanMember 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:NonperformingFinancingReceivableMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:NonperformingFinancingReceivableMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:NonperformingFinancingReceivableMember 2018-12-31 0000828944 us-gaap:NonperformingFinancingReceivableMember wsfs:ResidentialAndConsumerLoanMember 2018-12-31 0000828944 wsfs:ResidentialAndConsumerLoanMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:PerformingFinancingReceivableMember 2019-06-30 0000828944 us-gaap:PerformingFinancingReceivableMember wsfs:ResidentialAndConsumerLoanMember 2019-06-30 0000828944 us-gaap:PerformingFinancingReceivableMember wsfs:ResidentialAndConsumerLoanMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember us-gaap:NonperformingFinancingReceivableMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember us-gaap:PerformingFinancingReceivableMember 2018-12-31 0000828944 us-gaap:ConsumerLoanMember us-gaap:PerformingFinancingReceivableMember 2018-12-31 0000828944 wsfs:ResidentialAndConsumerLoanMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 wsfs:ResidentialAndConsumerLoanMember 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember 2019-06-30 0000828944 wsfs:ResidentialAndConsumerLoanMember 2018-12-31 0000828944 us-gaap:ResidentialMortgageMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:PrincipalForgivenessMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ExtendedMaturityMember 2018-01-01 2018-06-30 0000828944 wsfs:OtherModificationsMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:PrincipalForgivenessMember 2018-01-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ExtendedMaturityMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:PrincipalForgivenessMember 2018-04-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:OtherModificationsMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:OtherModificationsMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember wsfs:OtherModificationsMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember 2018-04-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:PrincipalForgivenessMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ExtendedMaturityMember 2018-01-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember 2018-04-01 2018-06-30 0000828944 us-gaap:ExtendedMaturityMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ExtendedMaturityMember 2018-04-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ExtendedMaturityMember 2018-04-01 2018-06-30 0000828944 us-gaap:PrincipalForgivenessMember 2018-01-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ExtendedMaturityMember 2018-04-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ExtendedMaturityMember 2018-04-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:OtherModificationsMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ExtendedMaturityMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ExtendedMaturityMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000828944 us-gaap:PrincipalForgivenessMember 2018-04-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember wsfs:OtherModificationsMember 2018-04-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:PrincipalForgivenessMember 2018-01-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:OtherModificationsMember 2018-01-01 2018-06-30 0000828944 us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ExtendedMaturityMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:PrincipalForgivenessMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember 2018-04-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:PrincipalForgivenessMember 2018-04-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:PrincipalForgivenessMember 2018-04-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember 2018-01-01 2018-06-30 0000828944 us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:OtherModificationsMember 2018-04-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember wsfs:OtherModificationsMember 2018-01-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ExtendedMaturityMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ExtendedMaturityMember 2018-04-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000828944 wsfs:OtherModificationsMember 2018-04-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember wsfs:OtherModificationsMember 2018-04-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:PrincipalForgivenessMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:PrincipalForgivenessMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:PrincipalForgivenessMember 2018-04-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:OtherModificationsMember 2018-04-01 2018-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:OtherModificationsMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:OtherModificationsMember 2018-04-01 2018-06-30 0000828944 us-gaap:ExtendedMaturityMember 2018-04-01 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember 2018-04-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:PrincipalForgivenessMember 2018-01-01 2018-06-30 0000828944 us-gaap:CommercialLoanMember 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000828944 us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember 2019-01-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000828944 us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000828944 us-gaap:ConsumerLoanMember 2019-01-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember 2019-01-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember 2019-01-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000828944 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:AccrualMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:PassMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:AccrualMember 2018-12-31 0000828944 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember wsfs:NonAccrualMember 2018-12-31 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:DoubtfulOrNonAccrualMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:DoubtfulOrNonAccrualMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember us-gaap:PassMember 2018-12-31 0000828944 us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember us-gaap:PassMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember us-gaap:SpecialMentionMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:NonAccrualMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember us-gaap:PassMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:SpecialMentionAndSubstandardMember 2018-12-31 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:NonAccrualMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember us-gaap:SpecialMentionMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember wsfs:DoubtfulOrNonAccrualMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember wsfs:SpecialMentionAndSubstandardMember 2018-12-31 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember wsfs:DoubtfulOrNonAccrualMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember wsfs:AccrualMember 2018-12-31 0000828944 wsfs:SpecialMentionAndSubstandardMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember wsfs:AccrualMember 2018-12-31 0000828944 us-gaap:PassMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember wsfs:DoubtfulOrNonAccrualMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember wsfs:SpecialMentionAndSubstandardMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:SpecialMentionAndSubstandardMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember us-gaap:SpecialMentionMember 2018-12-31 0000828944 us-gaap:ConstructionLoansMember wsfs:NonAccrualMember 2018-12-31 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:SpecialMentionMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember wsfs:AccrualMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember wsfs:NonAccrualMember 2018-12-31 0000828944 wsfs:CommercialMortgagesMember wsfs:SpecialMentionAndSubstandardMember 2018-12-31 0000828944 wsfs:AcquiredImpairedLoansMember 2018-12-31 0000828944 us-gaap:CommercialLoanMember us-gaap:SpecialMentionMember 2019-06-30 0000828944 wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:AccrualMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:NonAccrualMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:DoubtfulOrNonAccrualMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:PassMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:NonAccrualMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:PassMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:SpecialMentionMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:DoubtfulOrNonAccrualMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:NonAccrualMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:NonAccrualMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:SpecialMentionAndSubstandardMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:AccrualMember 2019-06-30 0000828944 wsfs:SpecialMentionAndSubstandardMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:SpecialMentionAndSubstandardMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:DoubtfulOrNonAccrualMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:PassMember 2019-06-30 0000828944 us-gaap:PassMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:SpecialMentionMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:DoubtfulOrNonAccrualMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:SpecialMentionAndSubstandardMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:AccrualMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:AccrualMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:NonAccrualMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:SpecialMentionMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:DoubtfulOrNonAccrualMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:AccrualMember 2019-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:AcquiredImpairedLoansMember 2019-06-30 0000828944 us-gaap:CommercialPortfolioSegmentMember wsfs:SpecialMentionAndSubstandardMember 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:PassMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:SpecialMentionAndSubstandardMember 2019-06-30 0000828944 us-gaap:ConstructionLoansMember 2019-01-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember 2019-04-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember 2019-04-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember 2019-04-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember 2018-04-01 2018-06-30 0000828944 wsfs:CommercialMortgagesMember 2019-01-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember 2018-01-01 2018-06-30 0000828944 srt:MaximumMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:StudentLoanMember 2019-06-30 0000828944 srt:MaximumMember 2018-04-01 2018-06-30 0000828944 wsfs:ResidentialAndConsumerLoanMember 2019-01-01 2019-06-30 0000828944 srt:MaximumMember 2019-01-01 2019-06-30 0000828944 srt:MinimumMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember 2019-03-31 0000828944 wsfs:OwnerOccupiedCommercialMember 2019-03-31 0000828944 us-gaap:CommercialLoanMember 2019-03-31 0000828944 us-gaap:ConstructionLoansMember 2019-04-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember 2019-03-31 0000828944 wsfs:CommercialMortgagesMember 2019-04-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember 2019-03-31 0000828944 us-gaap:ConstructionLoansMember 2019-03-31 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ContractualInterestRateReductionMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ContractualInterestRateReductionMember 2019-01-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:PrincipalForgivenessMember 2019-04-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ExtendedMaturityMember 2019-01-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ContractualInterestRateReductionMember 2019-04-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:OtherModificationsMember 2019-01-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ContractualInterestRateReductionMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ExtendedMaturityMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember wsfs:OtherModificationsMember 2019-04-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ContractualInterestRateReductionMember 2019-04-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:PrincipalForgivenessMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ExtendedMaturityMember 2019-04-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember wsfs:OtherModificationsMember 2019-04-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ExtendedMaturityMember 2019-01-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ContractualInterestRateReductionMember 2019-01-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:OtherModificationsMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:PrincipalForgivenessMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ContractualInterestRateReductionMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ExtendedMaturityMember 2019-01-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:OtherModificationsMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ExtendedMaturityMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:PrincipalForgivenessMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember wsfs:OtherModificationsMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ContractualInterestRateReductionMember 2019-04-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember wsfs:OtherModificationsMember 2019-04-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ContractualInterestRateReductionMember 2019-01-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember wsfs:OtherModificationsMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:ContractualInterestRateReductionMember 2019-04-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ExtendedMaturityMember 2019-01-01 2019-06-30 0000828944 us-gaap:ContractualInterestRateReductionMember 2019-01-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:ExtendedMaturityMember 2019-04-01 2019-06-30 0000828944 us-gaap:ExtendedMaturityMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:OtherModificationsMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember us-gaap:PrincipalForgivenessMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ExtendedMaturityMember 2019-01-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:ExtendedMaturityMember 2019-04-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:PrincipalForgivenessMember 2019-01-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:PrincipalForgivenessMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:PrincipalForgivenessMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:ExtendedMaturityMember 2019-04-01 2019-06-30 0000828944 us-gaap:CommercialLoanMember us-gaap:PrincipalForgivenessMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember wsfs:OtherModificationsMember 2019-01-01 2019-06-30 0000828944 wsfs:OtherModificationsMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ContractualInterestRateReductionMember 2019-01-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember us-gaap:PrincipalForgivenessMember 2019-01-01 2019-06-30 0000828944 wsfs:CommercialMortgagesMember us-gaap:PrincipalForgivenessMember 2019-01-01 2019-06-30 0000828944 us-gaap:PrincipalForgivenessMember 2019-01-01 2019-06-30 0000828944 us-gaap:PrincipalForgivenessMember 2019-04-01 2019-06-30 0000828944 wsfs:OtherModificationsMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConstructionLoansMember wsfs:OtherModificationsMember 2019-01-01 2019-06-30 0000828944 us-gaap:ContractualInterestRateReductionMember 2019-04-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember us-gaap:ExtendedMaturityMember 2019-04-01 2019-06-30 0000828944 us-gaap:ResidentialMortgageMember wsfs:OtherModificationsMember 2019-01-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:PrincipalForgivenessMember 2019-01-01 2019-06-30 0000828944 us-gaap:ExtendedMaturityMember 2019-04-01 2019-06-30 0000828944 us-gaap:ConsumerLoanMember us-gaap:ContractualInterestRateReductionMember 2019-04-01 2019-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember 2017-12-31 0000828944 us-gaap:ConstructionLoansMember 2018-04-01 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember 2018-03-31 0000828944 us-gaap:CommercialLoanMember 2018-06-30 0000828944 wsfs:CommercialMortgagesMember 2018-06-30 0000828944 us-gaap:ConstructionLoansMember 2017-12-31 0000828944 us-gaap:ResidentialMortgageMember 2018-06-30 0000828944 us-gaap:ConstructionLoansMember 2018-01-01 2018-06-30 0000828944 us-gaap:ConsumerLoanMember 2018-06-30 0000828944 wsfs:OwnerOccupiedCommercialMember 2018-06-30 0000828944 us-gaap:ResidentialMortgageMember 2018-03-31 0000828944 wsfs:CommercialMortgagesMember 2018-03-31 0000828944 us-gaap:ConstructionLoansMember 2018-06-30 0000828944 wsfs:CommercialMortgagesMember 2017-12-31 0000828944 us-gaap:ConsumerLoanMember 2017-12-31 0000828944 us-gaap:ConsumerLoanMember 2018-03-31 0000828944 us-gaap:ConstructionLoansMember 2018-03-31 0000828944 us-gaap:CommercialLoanMember 2017-12-31 0000828944 us-gaap:ResidentialMortgageMember 2017-12-31 0000828944 us-gaap:CommercialLoanMember 2018-03-31 0000828944 srt:MaximumMember 2018-01-01 2018-06-30 0000828944 srt:MaximumMember 2019-06-30 0000828944 srt:MinimumMember 2019-06-30 0000828944 us-gaap:OtherIntangibleAssetsMember 2018-01-01 2018-06-30 0000828944 us-gaap:OtherIntangibleAssetsMember 2018-04-01 2018-06-30 0000828944 us-gaap:OtherIntangibleAssetsMember 2019-01-01 2019-06-30 0000828944 us-gaap:OtherIntangibleAssetsMember 2019-04-01 2019-06-30 0000828944 wsfs:CashConnectMember 2019-01-01 2019-06-30 0000828944 wsfs:WsfsBankMember 2018-12-31 0000828944 wsfs:CashConnectMember 2019-06-30 0000828944 wsfs:TrustAndWealthManagementMember 2019-06-30 0000828944 wsfs:WsfsBankMember 2019-01-01 2019-06-30 0000828944 wsfs:CashConnectMember 2018-12-31 0000828944 wsfs:TrustAndWealthManagementMember 2019-01-01 2019-06-30 0000828944 wsfs:TrustAndWealthManagementMember 2018-12-31 0000828944 wsfs:WsfsBankMember 2019-06-30 0000828944 us-gaap:CustomerRelationshipsMember 2019-06-30 0000828944 wsfs:LoanServicingRightsMember 2019-06-30 0000828944 us-gaap:OffMarketFavorableLeaseMember 2018-12-31 0000828944 us-gaap:NoncompeteAgreementsMember 2019-06-30 0000828944 us-gaap:NoncompeteAgreementsMember 2018-12-31 0000828944 us-gaap:CoreDepositsMember 2019-06-30 0000828944 us-gaap:CoreDepositsMember 2018-12-31 0000828944 us-gaap:CustomerRelationshipsMember 2018-12-31 0000828944 wsfs:LoanServicingRightsMember 2018-12-31 0000828944 srt:MaximumMember us-gaap:OffMarketFavorableLeaseMember 2018-01-01 2018-12-31 0000828944 srt:MinimumMember us-gaap:CustomerRelationshipsMember 2019-01-01 2019-06-30 0000828944 us-gaap:NoncompeteAgreementsMember 2018-01-01 2018-12-31 0000828944 srt:MaximumMember wsfs:LoanServicingRightsMember 2018-01-01 2018-12-31 0000828944 srt:MinimumMember wsfs:LoanServicingRightsMember 2019-01-01 2019-06-30 0000828944 srt:MinimumMember wsfs:LoanServicingRightsMember 2018-01-01 2018-12-31 0000828944 srt:MinimumMember us-gaap:OffMarketFavorableLeaseMember 2018-01-01 2018-12-31 0000828944 us-gaap:CoreDepositsMember 2019-01-01 2019-06-30 0000828944 srt:MinimumMember us-gaap:CustomerRelationshipsMember 2018-01-01 2018-12-31 0000828944 us-gaap:NoncompeteAgreementsMember 2019-01-01 2019-06-30 0000828944 srt:MaximumMember us-gaap:CustomerRelationshipsMember 2019-01-01 2019-06-30 0000828944 srt:MaximumMember us-gaap:CustomerRelationshipsMember 2018-01-01 2018-12-31 0000828944 us-gaap:CoreDepositsMember 2018-01-01 2018-12-31 0000828944 srt:MaximumMember wsfs:LoanServicingRightsMember 2019-01-01 2019-06-30 0000828944 wsfs:AllianceMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-04-01 2018-06-30 0000828944 wsfs:AllianceMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-04-01 2019-06-30 0000828944 wsfs:AllianceMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-06-30 0000828944 wsfs:AllianceMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-06-30 0000828944 wsfs:AllianceMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-06-30 0000828944 wsfs:AllianceMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-06-30 0000828944 wsfs:AllianceMember us-gaap:PensionPlansDefinedBenefitMember 2018-04-01 2018-06-30 0000828944 wsfs:AllianceMember us-gaap:PensionPlansDefinedBenefitMember 2019-04-01 2019-06-30 0000828944 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2018-04-01 2018-06-30 0000828944 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2019-01-01 2019-06-30 0000828944 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2019-04-01 2019-06-30 0000828944 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2018-01-01 2018-06-30 0000828944 2014-03-31 2014-03-31 0000828944 us-gaap:GeneralBusinessMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0000828944 wsfs:FairValueInputsLevel1AndLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-06-30 0000828944 wsfs:FairValueInputsLevel1AndLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000828944 wsfs:FairValueInputsLevel1AndLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0000828944 wsfs:FairValueInputsLevel1AndLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2019-06-30 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:ImpairedLoansNetMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherLiabilitiesMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:OtherInvestmentCompaniesMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherAssetsMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsNonrecurringMember wsfs:LoansheldforSaleMember 2018-12-31 0000828944 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember wsfs:OtherRealEstateOwnedMember 2018-12-31 0000828944 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000828944 us-gaap:AccountingStandardsUpdate201601Member 2019-01-01 2019-06-30 0000828944 us-gaap:FairValueInputsLevel2Member wsfs:FederalAgencyMbsMember 2019-06-30 0000828944 us-gaap:AccountingStandardsUpdate201601Member 2018-01-01 2018-06-30 0000828944 us-gaap:NondesignatedMember 2018-12-31 0000828944 us-gaap:OtherAssetsMember us-gaap:ForwardContractsMember us-gaap:NondesignatedMember 2018-12-31 0000828944 us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:ForwardContractsMember us-gaap:NondesignatedMember 2018-12-31 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember 2018-12-31 0000828944 us-gaap:OtherAssetsMember us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember 2018-12-31 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-06-30 0000828944 us-gaap:AccruedLiabilitiesMember 2019-06-30 0000828944 us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:OtherAssetsMember us-gaap:ForwardContractsMember us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:OtherAssetsMember us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:DesignatedAsHedgingInstrumentMember 2019-06-30 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:ForwardContractsMember us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:OtherAssetsMember us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:OtherLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-06-30 0000828944 us-gaap:OtherLiabilitiesMember wsfs:RiskParticipationAgreementsMember us-gaap:NondesignatedMember 2019-06-30 0000828944 us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2019-01-01 2019-06-30 0000828944 us-gaap:NondesignatedMember 2018-01-01 2018-06-30 0000828944 us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2019-04-01 2019-06-30 0000828944 us-gaap:InterestRateContractMember us-gaap:InterestIncomeMember 2018-01-01 2018-06-30 0000828944 us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2018-04-01 2018-06-30 0000828944 us-gaap:NondesignatedMember 2019-01-01 2019-06-30 0000828944 us-gaap:InterestRateContractMember us-gaap:InterestIncomeMember 2019-04-01 2019-06-30 0000828944 us-gaap:NondesignatedMember 2018-04-01 2018-06-30 0000828944 us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2018-01-01 2018-06-30 0000828944 us-gaap:ForwardContractsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2018-04-01 2018-06-30 0000828944 us-gaap:NondesignatedMember 2019-04-01 2019-06-30 0000828944 us-gaap:ForwardContractsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2018-01-01 2018-06-30 0000828944 us-gaap:ForwardContractsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2019-04-01 2019-06-30 0000828944 us-gaap:ForwardContractsMember us-gaap:NondesignatedMember wsfs:MortgageBankingActivityNetMember 2019-01-01 2019-06-30 0000828944 us-gaap:InterestRateContractMember us-gaap:InterestIncomeMember 2018-04-01 2018-06-30 0000828944 us-gaap:InterestRateContractMember us-gaap:InterestIncomeMember 2019-01-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WealthManagementMember 2019-01-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WsfsBankMember 2018-01-01 2018-06-30 0000828944 wsfs:WsfsBankMember 2018-01-01 2018-06-30 0000828944 wsfs:CashConnectMember 2018-01-01 2018-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:CashConnectMember 2018-01-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WealthManagementMember 2019-01-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember 2019-01-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WsfsBankMember 2019-01-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WsfsBankMember 2019-01-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WealthManagementMember 2018-01-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WsfsBankMember 2018-01-01 2018-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:CashConnectMember 2019-01-01 2019-06-30 0000828944 wsfs:WealthManagementMember 2018-01-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember 2018-01-01 2018-06-30 0000828944 wsfs:WealthManagementMember 2019-01-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WealthManagementMember 2018-01-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:CashConnectMember 2019-01-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:CashConnectMember 2018-01-01 2018-06-30 0000828944 wsfs:CashConnectMember 2018-01-01 2018-12-31 0000828944 wsfs:WealthManagementMember 2019-06-30 0000828944 wsfs:WealthManagementMember 2018-12-31 0000828944 wsfs:WealthManagementMember 2018-01-01 2018-12-31 0000828944 wsfs:WsfsBankMember 2018-01-01 2018-12-31 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WealthManagementMember 2018-04-01 2018-06-30 0000828944 wsfs:CashConnectMember 2019-04-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:CashConnectMember 2018-04-01 2018-06-30 0000828944 us-gaap:IntersegmentEliminationMember 2018-04-01 2018-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WealthManagementMember 2019-04-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:CashConnectMember 2019-04-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WsfsBankMember 2018-04-01 2018-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WsfsBankMember 2018-04-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WsfsBankMember 2019-04-01 2019-06-30 0000828944 wsfs:WealthManagementMember 2018-04-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember 2018-04-01 2018-06-30 0000828944 us-gaap:IntersegmentEliminationMember wsfs:WsfsBankMember 2019-04-01 2019-06-30 0000828944 wsfs:CashConnectMember 2018-04-01 2018-06-30 0000828944 wsfs:WsfsBankMember 2019-04-01 2019-06-30 0000828944 wsfs:WsfsBankMember 2018-04-01 2018-06-30 0000828944 wsfs:WealthManagementMember 2019-04-01 2019-06-30 0000828944 us-gaap:IntersegmentEliminationMember 2019-04-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember 2019-04-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:CashConnectMember 2019-04-01 2019-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WealthManagementMember 2018-04-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:CashConnectMember 2018-04-01 2018-06-30 0000828944 us-gaap:OperatingSegmentsMember wsfs:WealthManagementMember 2019-04-01 2019-06-30 0000828944 us-gaap:InterestRateSwapMember 2019-06-30 0000828944 wsfs:SecondaryMarketLoanSalesMember 2019-01-01 2019-06-30 0000828944 us-gaap:InterestRateSwapMember 2018-12-31 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-06-30 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-06-30 0000828944 wsfs:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAccumulatedOtherComprehensiveIncomeForSaleOfSecuritiesNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000828944 wsfs:OtherComprehensiveIncomeAmortizationOfUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleAndHeldToMaturityNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0000828944 wsfs:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAccumulatedOtherComprehensiveIncomeForSaleOfSecuritiesNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-06-30 0000828944 wsfs:OtherComprehensiveIncomeAmortizationOfUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleAndHeldToMaturityNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-06-30 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000828944 wsfs:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAccumulatedOtherComprehensiveIncomeForSaleOfSecuritiesNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-04-01 2019-06-30 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000828944 wsfs:OtherComprehensiveIncomeAmortizationOfUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleAndHeldToMaturityNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-04-01 2019-06-30 0000828944 wsfs:OtherComprehensiveIncomeAmortizationOfUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleAndHeldToMaturityNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-04-01 2018-06-30 0000828944 wsfs:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAccumulatedOtherComprehensiveIncomeForSaleOfSecuritiesNetOfTaxMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-04-01 2018-06-30 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-04-01 2019-06-30 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-04-01 2018-06-30 0000828944 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-04-01 2019-06-30 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-06-30 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-03-31 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-03-31 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-04-01 2019-06-30 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-06-30 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-04-01 2018-06-30 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-06-30 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-04-01 2019-06-30 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-06-30 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-03-31 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-03-31 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-06-30 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-03-31 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-03-31 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-06-30 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-06-30 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-04-01 2019-06-30 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-03-31 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-03-31 0000828944 2018-01-01 2018-03-31 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-06-30 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-01-01 2019-06-30 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-01-01 2018-06-30 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-06-30 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-06-30 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-12-31 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-06-30 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-06-30 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-12-31 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0000828944 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2017-12-31 0000828944 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0000828944 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2017-12-31 0000828944 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0000828944 wsfs:NewLoansAndCreditLineAdvanceToRelatedPartiesMember 2019-04-01 2019-06-30 0000828944 us-gaap:LoansMember 2019-06-30 0000828944 us-gaap:LoansMember 2018-12-31 0000828944 wsfs:NaturesHealingTrustMember us-gaap:PendingLitigationMember 2017-03-31 0000828944 wsfs:UniversitasEducationLLCMember us-gaap:SettledLitigationMember 2018-02-27 2018-02-27 0000828944 wsfs:UniversitasEducationLLCMember us-gaap:SettledLitigationMember 2018-07-01 2018-09-30 iso4217:USD xbrli:shares wsfs:Subsidiary xbrli:pure xbrli:shares iso4217:USD wsfs:Office wsfs:SecurityLoan wsfs:loan wsfs:security wsfs:institution wsfs:transaction wsfs:segment wsfs:instrument
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2019
OR
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission File Number 001-35638
WSFS FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
 
 
 
 
 
 
 
Delaware
22-2866913
(State or other jurisdiction of Incorporation or organization)
(I.R.S. Employer Identification Number)
 
 
 
 
 
 
 
500 Delaware Avenue,
Wilmington,
Delaware
 
19801
(Address of principal executive offices)
(Zip Code)
 
 
 
 
 
 
 
 
 
 
(302)
792-6000
 
 
 
(Registrant’s telephone number, including area code)
 
 
 
 
 
 
 
 
 
 
Not Applicable
 
 
 
(Former name or former address, if changed since last report)
 

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
WSFS
 
Nasdaq Global Select Market
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files).    Yes  x    No  ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
x
  
Accelerated filer
 
 
 
 
Non-accelerated filer
 
  
Smaller reporting company
 
 
 
 
 
 
Emerging growth company
 
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  x

Number of shares outstanding of the issuer's common stock, as of the latest practicable date: 52,988,084 shares as of August 2, 2019.
 



WSFS FINANCIAL CORPORATION
FORM 10-Q
TABLE OF CONTENTS
 
 
PART I. Financial Information
Page
Item 1.
Financial Statements (Unaudited)
 
 
 
 
 
 
 
Item 2.
Item 3.
Item 4.
PART II. Other Information
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.

2

Table of Contents

FORWARD-LOOKING STATEMENTS
This Quarterly Report on Form 10-Q, and exhibits thereto, contains estimates, predictions, opinions, projections and other “forward-looking statements” as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company’s predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects and management’s outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to:
those related to difficult market conditions and unfavorable economic trends in the United States generally, and particularly in the markets in which the Company operates and in which its loans are concentrated, including the effects of declines in housing markets, an increase in unemployment levels and slowdowns in economic growth;
the Company’s level of nonperforming assets and the costs associated with resolving problem loans including litigation and other costs;
possible additional loan losses and impairment in the collectability of loans;
changes in market interest rates, which may increase funding costs and reduce earning asset yields and thus reduce margin;
the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of the Company’s investment securities portfolio;
the credit risk associated with the substantial amount of commercial real estate, construction and land development and commercial and industrial loans in our loan portfolio;
the extensive federal and state regulation, supervision and examination governing almost every aspect of the Company’s operations including the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the Economic Growth, Regulatory Relief and Consumer Protection Act (which amended the Dodd-Frank Act) (the Economic Growth Act) and the rules and regulations issued in accordance therewith and potential expenses associated with complying with such regulations;
the Company’s ability to comply with applicable capital and liquidity requirements (including the finalized Basel III capital standards), including our ability to generate liquidity internally or raise capital on favorable terms;
possible changes in trade, monetary and fiscal policies, laws and regulations and other activities of governments, agencies, and similar organizations;
conditions in the financial markets that may limit the Company’s access to additional funding to meet its liquidity needs;
impairment of the Company’s goodwill or other intangible assets;
failure of the financial and operational controls of the Company’s Cash Connect® division;
the success of the Company's growth plans, including the successful integration of past and future acquisitions;
the Company’s ability to fully realize the cost savings and other benefits of its acquisitions, manage risks related to business disruption following those acquisitions, and post-acquisition customer acceptance of the Company’s products and services and related customer disintermediation;
negative perceptions or publicity with respect to the Company’s trust and wealth management business;
adverse judgments or other resolution of pending and future legal proceedings, and cost incurred in defending such proceedings;
system failures or cybersecurity incidents or other breaches of the Company’s network security;
the Company’s ability to recruit and retain key employees;
the effects of problems encountered by other financial institutions that adversely affect the Company or the banking industry generally;
the effects of weather and natural disasters such as floods, droughts, wind, tornadoes and hurricanes as well as effects from geopolitical instability and man-made disasters including terrorist attacks;
possible changes in the speed of loan prepayments by the Company’s customers and loan origination or sales volumes;

3

Table of Contents

possible changes in the speed of prepayments of mortgage-backed securities due to changes in the interest rate environment, and the related acceleration of premium amortization on prepayments in the event that prepayments accelerate;
regulatory limits on the Company’s ability to receive dividends from its subsidiaries and pay dividends to its stockholders;
the effects of any reputation, credit, interest rate, market, operational, legal, liquidity, regulatory and compliance risk resulting from developments related to any of the risks discussed above; and
the costs associated with resolving any problem loans, litigation and the effects of other risks and uncertainties, including those discussed in the Company’s Form 10-K for the year ended December 31, 2018 and other documents filed by the Company with the Securities and Exchange Commission from time to time. 
We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law.

As used in this Quarterly Report on Form 10-Q, the terms “WSFS”, “the Company”, “registrant”, “we”, “us”, and “our” mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.

Cash Connect is our registered trademark. Any other trademarks appearing in this Quarterly Report on Form 10-Q are the property of their respective holders.


4

Table of Contents



WSFS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
(Dollars in thousands, except per share data)
 
(Unaudited)
Interest income:
 
 
 
 
 
 
 
 
Interest and fees on loans and leases
 
$
129,001

 
$
64,442

 
$
216,118

 
$
124,907

Interest on mortgage-backed securities
 
12,229

 
6,190

 
22,695

 
11,589

Interest and dividends on investment securities:
 
 
 
 
 
 
 
 
Taxable
 
31

 
16

 
50

 
33

Tax-exempt
 
999

 
1,092

 
2,024

 
2,195

Other interest income
 
643

 
411

 
1,593

 
1,040

 
 
142,903

 
72,151

 
242,480

 
139,764

Interest expense:
 
 
 
 
 
 
 
 
Interest on deposits
 
16,123

 
6,368

 
27,065

 
11,608

Interest on Federal Home Loan Bank advances
 
806

 
2,536

 
3,396

 
4,999

Interest on senior debt
 
1,180

 
1,180

 
2,359

 
2,359

Interest on federal funds purchased
 
805

 
434

 
1,592

 
880

Interest on trust preferred borrowings
 
717

 
637

 
1,443

 
1,194

Interest on other borrowings
 
40

 
7

 
79

 
21

 
 
19,671

 
11,162

 
35,934

 
21,061

Net interest income
 
123,232

 
60,989

 
206,546

 
118,703

Provision for loan losses
 
12,195

 
2,498

 
19,849

 
6,148

Net interest income after provision for loan losses
 
111,037

 
58,491

 
186,697

 
112,555

Noninterest income:
 
 
 
 
 
 
 
 
Credit/debit card and ATM income
 
13,677

 
10,709

 
25,192

 
20,514

Investment management and fiduciary income
 
10,382

 
10,244

 
20,529

 
19,433

Deposit service charges
 
6,103

 
4,664

 
10,849

 
9,294

Mortgage banking activities, net
 
2,846

 
1,692

 
4,938

 
3,429

Loan fee income
 
650

 
567

 
1,535

 
1,166

Securities gains, net
 
63

 

 
78

 
21

Unrealized gains on equity investments
 
1,033

 

 
4,831

 
15,346

Bank owned life insurance income
 
383

 

 
600

 
232

Other income
 
7,734

 
7,111

 
15,441

 
13,019

 
 
42,871

 
34,987

 
83,993

 
82,454

Noninterest expense:
 
 
 
 
 
 
 
 
Salaries, benefits and other compensation
 
48,550

 
30,944

 
84,755

 
60,797

Occupancy expense
 
8,810

 
5,008

 
15,177

 
10,256

Equipment expense
 
5,444

 
3,176

 
9,433

 
6,265

Data processing and operations expenses
 
3,731

 
1,896

 
6,319

 
3,803

Professional fees
 
2,915

 
2,320

 
4,787

 
4,045

Marketing expense
 
1,947

 
1,084

 
3,537

 
1,842

FDIC expenses
 
1,042

 
515

 
1,662

 
1,114

Loan workout and OREO expenses
 
1,145

 
681

 
1,253

 
1,107

Corporate development expense
 
13,946

 
457

 
40,573

 
457

Restructuring expense
 
1,881

 

 
6,243

 

Recovery of fraud loss
 

 

 

 
(1,665
)
Other operating expense
 
18,437

 
11,750

 
31,701

 
23,222

 
 
107,848

 
57,831

 
205,440

 
111,243

Income before taxes
 
46,060

 
35,647

 
65,250

 
83,766

Income tax provision
 
10,091

 
6,907

 
16,351

 
17,676

Net income
 
$
35,969

 
$
28,740

 
$
48,899

 
$
66,090

Less: Net loss attributable to noncontrolling interest
 
(231
)
 

 
(324
)
 

Net income attributable to WSFS
 
$
36,200

 
$
28,740

 
$
49,223

 
$
66,090

Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.68

 
$
0.91

 
$
1.07

 
$
2.10

Diluted
 
$
0.68

 
$
0.89

 
$
1.06

 
$
2.05

The accompanying notes are an integral part of these unaudited Consolidated Financial Statements.

5

Table of Contents

WSFS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
(Dollars in thousands)
 
(Unaudited)
 
(Unaudited)
Net income
 
$
35,969

 
$
28,740

 
$
48,899

 
$
66,090

Less: Net loss attributable to noncontrolling interest
 
(231
)
 

 
(324
)
 

Net income attributable to WSFS
 
36,200

 
28,740

 
49,223

 
66,090

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
Net change in unrealized gains (loss) on investment securities available for sale
 
 
 
 
 
 
 
 
Net unrealized gains (loss) arising during the period, net of tax (benefit) expense of $6,289 and ($1,398), $11,831, and ($5,112), respectively
 
19,591

 
(4,501
)
 
36,856

 
(16,328
)
Less: reclassification adjustment for net gains on sales realized in net income, net of tax expense of $15, $0, $19 and $5, respectively
 
(48
)
 

 
(59
)
 
(16
)
 
 
19,543

 
(4,501
)
 
36,797

 
(16,344
)
Net change in securities held to maturity
 
 
 
 
 
 
 
 
Amortization of unrealized gain on securities reclassified to held-to-maturity, net of tax expense of $27, $36, $56, and $73, respectively
 
(84
)
 
(117
)
 
(177
)
 
(236
)
Net change in unfunded pension liability
 
 
 
 
 
 
 
 
Change in unfunded pension liability related to unrealized (loss) gain, prior service cost and transition obligation, net of tax (benefit) expense of ($8), ($9), ($17) and $9, respectively
 
(34
)
 
(30
)
 
(175
)
 
29

Net change in cash flow hedge
 
 
 
 
 
 
 
 
Net unrealized gain (loss) arising during the period, net of tax expense (benefit) of $323, ($76), $525 and ($316) respectively
 
1,007

 
(245
)
 
1,637

 
(1,010
)
Total other comprehensive income (loss)
 
20,432

 
(4,893
)
 
38,082

 
(17,561
)
Total comprehensive income
 
$
56,632

 
$
23,847

 
$
87,305

 
$
48,529

The accompanying notes are an integral part of these unaudited Consolidated Financial Statements.

6

Table of Contents

WSFS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
 
 
June 30, 2019
 
December 31, 2018
(Dollars in thousands, except per share and share data)
 
(Unaudited)
 
 
Assets:
 
 
 
 
Cash and due from banks
 
$
183,632

 
$
134,939

Cash in non-owned ATMs
 
338,006

 
484,648

Interest-bearing deposits in other banks including collateral of $0 at June 30, 2019 and $1,000 at December 31, 2018
 
187

 
1,170

Total cash and cash equivalents
 
521,825

 
620,757

Investment securities, available for sale (amortized cost of $1,767,602 at June 30, 2019 and $1,224,227 at December 31, 2018)
 
1,796,870

 
1,205,079

Investment securities, held to maturity, at cost (fair value $145,867 at June 30, 2019 and $149,431 at December 31, 2018)
 
143,317

 
149,950

Other investments
 
48,711

 
37,233

Loans, held for sale at fair value
 
51,721

 
25,318

Loans and leases, net of allowance of $45,364 at June 30, 2019 and $39,539 at December 31, 2018
 
8,567,709

 
4,863,919

Bank owned life insurance
 
30,118

 
6,687

Stock in Federal Home Loan Bank of Pittsburgh at cost
 
15,874

 
19,259

Other real estate owned
 
3,703

 
2,668

Accrued interest receivable
 
40,784

 
22,001

Premises and equipment
 
103,787

 
44,956

Goodwill
 
473,712

 
166,007

Intangible assets
 
101,984

 
20,016

Other assets
 
256,480

 
65,020

Total assets
 
$
12,156,595

 
$
7,248,870

Liabilities and Stockholders’ Equity
 
 
 
 
Liabilities:
 
 
 
 
Deposits:
 
 
 
 
Noninterest-bearing
 
$
2,205,992

 
$
1,626,252

Interest-bearing
 
7,388,718

 
4,014,179

Total deposits
 
9,594,710

 
5,640,431

Federal funds purchased
 
115,000

 
157,975

Federal Home Loan Bank advances
 
115,675

 
328,465

Trust preferred borrowings
 
67,011

 
67,011

Senior debt
 
98,497

 
98,388

Other borrowed funds
 
18,948

 
47,949

Accrued interest payable
 
7,064

 
1,900

Other liabilities
 
303,302

 
85,831

Total liabilities
 
10,320,207

 
6,427,950

Stockholders’ Equity:
 
 
 
 
Common stock $0.01 par value, 90,000,000 shares authorized; issued 57,239,683 at June 30, 2019 and 56,926,978 at December 31, 2018
 
573

 
569

Capital in excess of par value
 
1,043,065

 
349,810

Accumulated other comprehensive income (loss)
 
22,688

 
(15,394
)
Retained earnings
 
830,397

 
791,031

Treasury stock at cost, 4,007,722 shares at June 30, 2019 and 25,552,887 shares at December 31, 2018
 
(60,112
)
 
(305,096
)
Total stockholders’ equity of WSFS
 
1,836,611

 
820,920

Noncontrolling interest
 
(223
)
 

Total stockholders' equity
 
1,836,388

 
820,920

Total liabilities and stockholders' equity
 
$
12,156,595

 
$
7,248,870

The accompanying notes are an integral part of these unaudited Consolidated Financial Statements.

7

Table of Contents

WSFS FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
(Unaudited)