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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Allocation of Goodwill to our Reportable Operating Segments for Purposes of Goodwill Impairment Testing | The following table shows the allocation of goodwill to the reportable operating segments for purposes of goodwill impairment testing:
(Dollars in thousands) | WSFS Bank |  |  |  | Wealth Management |  | Consolidated Company
December 31, 2023 | $ | 753,586 |  |  |  |  | $ | 132,312 |  |  | $ | 885,898 |
Goodwill adjustments | — |  |  |  |  | — |  |  | — |
September 30, 2024 | $ | 753,586 |  |  |  |  | $ | 132,312 |  |  | $ | 885,898 |
Schedule of Finite-Lived Intangible Assets | The following table summarizes the Company's intangible assets:
(Dollars in thousands) | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets |  | Amortization Period
September 30, 2024 |  |  |  |  |  |  |
Core deposits | $ | 104,751 |  |  | $ | (58,463) |  |  | $ | 46,288 |  |  | 10 years
Customer relationships | 73,880 |  |  | (22,229) |  |  | 51,651 |  |  | 7-15 years
Loan servicing rights(1) | 13,200 |  |  | (7,774) |  |  | 5,426 |  |  | 10-25 years
Tradename | 2,900 |  |  | — |  |  | 2,900 |  |  | indefinite
Total intangible assets | $ | 194,731 |  |  | $ | (88,466) |  |  | $ | 106,265 |  |  |
December 31, 2023 |  |  |  |  |  |  |
Core deposits | $ | 104,751 |  |  | $ | (50,754) |  |  | $ | 53,997 |  |  | 10 years
Customer relationships | 73,880 |  |  | (18,153) |  |  | 55,727 |  |  | 7-15 years
Loan servicing rights(2) | 12,613 |  |  | (6,575) |  |  | 6,038 |  |  | 10-25 years
Tradename | 2,900 |  |  | — |  |  | 2,900 |  |  | indefinite
Total intangible assets | $ | 194,144 |  |  | $ | (75,482) |  |  | $ | 118,662 |  |  |
(1)Includes impairment losses of less than $0.1 million and $0.2 million for the three and nine months ended September 30, 2024, respectively. (2)Includes impairment losses of less than $0.1 million for the year ended December 31, 2023.
Schedule of Indefinite-Lived Intangible Assets | The following table summarizes the Company's intangible assets:
(Dollars in thousands) | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets |  | Amortization Period
September 30, 2024 |  |  |  |  |  |  |
Core deposits | $ | 104,751 |  |  | $ | (58,463) |  |  | $ | 46,288 |  |  | 10 years
Customer relationships | 73,880 |  |  | (22,229) |  |  | 51,651 |  |  | 7-15 years
Loan servicing rights(1) | 13,200 |  |  | (7,774) |  |  | 5,426 |  |  | 10-25 years
Tradename | 2,900 |  |  | — |  |  | 2,900 |  |  | indefinite
Total intangible assets | $ | 194,731 |  |  | $ | (88,466) |  |  | $ | 106,265 |  |  |
December 31, 2023 |  |  |  |  |  |  |
Core deposits | $ | 104,751 |  |  | $ | (50,754) |  |  | $ | 53,997 |  |  | 10 years
Customer relationships | 73,880 |  |  | (18,153) |  |  | 55,727 |  |  | 7-15 years
Loan servicing rights(2) | 12,613 |  |  | (6,575) |  |  | 6,038 |  |  | 10-25 years
Tradename | 2,900 |  |  | — |  |  | 2,900 |  |  | indefinite
Total intangible assets | $ | 194,144 |  |  | $ | (75,482) |  |  | $ | 118,662 |  |  |
(1)Includes impairment losses of less than $0.1 million and $0.2 million for the three and nine months ended September 30, 2024, respectively. (2)Includes impairment losses of less than $0.1 million for the year ended December 31, 2023.
Schedule of Estimated Amortization Expense of Intangibles | The following table presents the estimated future amortization expense on definite life intangible assets:
(Dollars in thousands) | September 30, 2024
Remaining in 2024 | $ | 4,207 |
2025 | 16,640 |
2026 | 15,923 |
2027 | 15,444 |
2028 | 14,609 |
Thereafter | 36,542 |
Total | $ | 103,365 |

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