WSFS Financial (WSFS) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-35638
Entity Registrant Name	WSFS FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2866913
Entity Address, Address Line One	500 Delaware Ave
Entity Address, City or Town	Wilmington
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19801
City Area Code	302
Local Phone Number	792-6000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	WSFS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		47,535,215
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000828944

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income:
Interest and fees on loans and leases	$ 98,645	$ 112,260	$ 207,497	$ 231,462
Interest on mortgage-backed securities	12,506	12,549	23,210	25,768
Interest and dividends on investment securities:
Taxable	702	102	1,403	117
Tax-exempt	681	907	1,429	1,818
Other interest income	368	65	644	573
Total interest income	112,902	125,883	234,183	259,738
Interest expense:
Interest on deposits	3,778	9,832	8,274	24,469
Interest on Federal Home Loan Bank advances	0	625	5	1,455
Interest on senior debt	2,053	1,180	4,319	2,359
Interest on federal funds purchased	0	1	0	471
Interest on trust preferred borrowings	317	484	641	1,070
Interest on other borrowings	5	5	10	8
Total interest expense	6,153	12,127	13,249	29,832
Net interest income	106,749	113,756	220,934	229,906
(Recovery of) provision for credit losses	(67,563)	94,754	(87,723)	151,400
Net interest income after (recovery of) provision for credit losses	174,312	19,002	308,657	78,506
Noninterest income:
Loan and lease fee income	1,730	1,097	5,215	2,216
Securities gains, net	0	1,908	329	2,601
Unrealized gains on equity investments, net	5,261	(11)	5,261	657
Realized gain on sale of equity investment	0	22,052	0	22,052
Bank owned life insurance income	695	445	900	420
Total non interest income	49,018	64,375	96,840	105,222
Noninterest expense:
Salaries, benefits and other compensation	52,408	48,757	105,546	94,103
Occupancy expense	8,083	8,296	16,543	15,962
Equipment expense	7,338	5,759	14,729	10,723
Data processing and operations expenses	3,444	3,061	6,829	6,139
Professional fees	3,401	4,423	7,257	9,023
Marketing expense	1,286	1,215	2,278	2,166
Loss on debt extinguishment	1,087	0	1,087	0
FDIC expenses	1,056	305	2,125	251
Loan workout and other credit costs	(552)	4,587	568	5,040
Corporate development expense	2,543	2,801	4,638	4,142
Restructuring expense	(144)	0	(409)	0
Other operating expense	16,082	14,231	30,460	34,382
Noninterest expenses	96,032	93,435	191,651	181,931
Income (loss) before taxes	127,298	(10,058)	213,846	1,797
Income tax provision (benefit)	31,687	(2,247)	53,094	(959)
Net income (loss)	95,611	(7,811)	160,752	2,756
Less: Net income (loss) attributable to noncontrolling interest	(56)	(700)	3	(1,060)
Net income (loss) attributable to WSFS	$ 95,667	$ (7,111)	$ 160,749	$ 3,816
Earnings (loss) per share:
Basic (in dollars per share)	$ 2.01	$ (0.14)	$ 3.38	$ 0.08
Diluted (in dollars per share)	$ 2.01	$ (0.14)	$ 3.37	$ 0.07
Weighted average shares of common stock outstanding:
Weighted average basic shares (in shares)	47,529,143	50,655,154	47,519,229	50,870,735
Weighted average fully diluted shares (in shares)	47,691,709	50,655,154	47,675,223	50,910,790
Credit/debit card and ATM income
Noninterest income:
Noninterest fee income	$ 7,567	$ 9,306	$ 14,372	$ 20,665
Investment management and fiduciary income
Noninterest income:
Noninterest fee income	15,360	10,929	29,613	21,891
Deposit service charges
Noninterest income:
Noninterest fee income	5,319	4,175	10,779	9,822
Mortgage banking activities, net
Noninterest income:
Noninterest fee income	4,453	8,494	13,053	11,965
Other income
Noninterest income:
Noninterest fee income	$ 8,633	$ 5,980	$ 17,318	$ 12,933

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 95,611	$ (7,811)	$ 160,752	$ 2,756
Less: Net income (loss) attributable to noncontrolling interest	(56)	(700)	3	(1,060)
Net income (loss) attributable to WSFS	95,667	(7,111)	160,749	3,816
Net change in unrealized gains (losses) on investment securities available-for-sale
Net unrealized gains (losses) arising during the period, net of tax expense (benefit) of $7,615, 1,169, $(14,361), and 15,707, respectively	24,104	3,703	(45,485)	49,739
Less: reclassification adjustment for net gains on sales realized in net income, net of tax expense of $0, $458, $79, and $624, respectively	0	(1,450)	(250)	(1,977)
Net change in unrealized gains (losses) on investment securities available-for-sale	24,104	2,253	(45,735)	47,762
Net change in securities held-to-maturity
Amortization of unrealized gain on securities reclassified to held-to-maturity, net of tax expense of $9, $18, $14, and $38, respectively	(28)	(57)	(44)	(122)
Net change in unfunded pension liability
Change in unfunded pension liability related to unrealized loss, prior service cost and transition obligation, net of tax (benefit) expense of $(8), $8, $(13), and $7, respectively	(24)	(26)	(40)	(22)
Pension settlement, net of tax expense of $—, $67, $—, and $67, respectively	0	212	0	212
Net change in unfunded pension liability	(24)	186	(40)	190
Net change in cash flow hedge
Net unrealized (loss) gain arising during the period, net of tax expense of $—, $(8) $—, and $493 respectively	0	(25)	0	1,560
Amortization of unrealized gain on terminated cash flow hedges, net of tax benefit of $35, $35, $70, and $35 respectively	(112)	(111)	(223)	(111)
Net change in cash flow hedge	(112)	(136)	(223)	1,449
Net change in other comprehensive income of equity method investments, net of tax expense of $—, $—, $86, and $—, respectively	0	0	273	0
Total other comprehensive income (loss)	23,940	2,246	(45,769)	49,279
Total comprehensive income (loss)	$ 119,607	$ (4,865)	$ 114,980	$ 53,095

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net change in Unrealized (losses) gains, tax (benefit) expense	$ 7,615	$ 1,169	$ (14,361)	$ 15,707
Reclassification adjustment for gains, tax expense	0	458	79	624
Amortization of unrealized gain on securities reclassified to held-to-maturity, tax expense	9	18	14	38
Change in unfunded pension liability related to unrealized (loss) gain, prior service cost and transition obligation, tax (benefit) expense	(8)	8	(13)	(7)
Pension settlement, tax	0	67	0	67
Reclassification adjustment related to derivatives, tax benefit (expense)	0	(8)	0	493
Amortization of unrealized gain on terminated cash flow hedges, tax benefit	(35)	35	(70)	(35)
Equity method investment tax benefit	$ 0	$ 0	$ (86)	$ 0

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets:
Cash and due from banks	$ 1,944,059	$ 1,244,705
Cash in non-owned ATMs	470,157	402,339
Interest-bearing deposits in other banks including collateral (restricted cash) of $6,110 at June 30, 2021 and $7,390 December 31, 2020	6,897	7,691
Total cash, cash equivalents, and restricted cash	2,421,113	1,654,735
Investment securities, available-for-sale (amortized cost of $3,347,966 at June 30, 2021 and $2,450,265 at December 31, 2020	3,366,579	2,529,057
Investment securities, held-to-maturity, net of allowance for credit losses of $5 at June 30, 2021 and $6 at December 31, 2020 (fair value $99,266 at June 30, 2021 and $116,421 at December 31, 2020)	95,126	111,741
Other investments	15,648	9,541
Loans, held for sale at fair value	113,173	197,541
Loans and leases, net of allowance for credit losses of $132,418 at June 30, 2021 and $228,804 at December 31, 2020	8,131,846	8,795,935
Bank owned life insurance	32,759	32,051
Stock in Federal Home Loan Bank (FHLB) of Pittsburgh at cost	6,090	5,771
Other real estate owned	1,044	3,061
Accrued interest receivable	40,275	44,335
Premises and equipment	92,559	96,556
Goodwill	472,828	472,828
Intangible assets	79,123	84,558
Other assets	280,698	296,204
Total assets	15,148,861	14,333,914
Deposits:
Noninterest-bearing	4,328,060	3,415,021
Interest-bearing	8,398,785	8,441,643
Deposits	12,726,845	11,856,664
FHLB advances	0	6,623
Trust preferred borrowings	67,011	67,011
Senior debt	147,823	246,617
Other borrowed funds	21,636	20,390
Accrued interest payable	1,977	1,450
Other liabilities	301,758	345,679
Total liabilities	13,267,050	12,544,434
Stockholders’ Equity:
Common stock $0.01 par value, 90,000,000 shares authorized; issued 57,622,151 at June 30, 2021 and 57,575,783 at December 31, 2020	577	576
Capital in excess of par value	1,054,276	1,053,022
Accumulated other comprehensive income	10,238	56,007
Retained earnings	1,126,284	977,414
Treasury stock at cost, 10,086,936 shares at June 30, 2021 and 9,819,627 shares at December 31, 2020	(307,321)	(295,293)
Total stockholders’ equity of WSFS	1,884,054	1,791,726
Noncontrolling interest	(2,243)	(2,246)
Total stockholders' equity	1,881,811	1,789,480
Total liabilities and stockholders' equity	$ 15,148,861	$ 14,333,914

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Interest-bearing deposits in banks and other financial institutions, collateral	$ 6,110	$ 7,390
Available-for-sale securities, amortized cost basis	3,347,966	2,450,265
Allowance for credit loss	5	6
Held-to-maturity securities, fair value	99,266	116,421
Allowance for credit losses	$ 132,418	$ 228,804
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	90,000,000	90,000,000
Common stock, issued (in shares)	57,622,151	57,575,783
Treasury stock, shares (in shares)	10,086,936	9,819,627

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Cumulative change in accounting principle	Balance, January 1, 2020 (as adjusted for change in accounting principle)	Common Stock	Common StockBalance, January 1, 2020 (as adjusted for change in accounting principle)	Capital in Excess of Par Value	Capital in Excess of Par ValueBalance, January 1, 2020 (as adjusted for change in accounting principle)	Accumulated Other Comprehensive Income	Accumulated Other Comprehensive IncomeBalance, January 1, 2020 (as adjusted for change in accounting principle)	Retained Earnings	Retained EarningsCumulative change in accounting principle	Retained EarningsBalance, January 1, 2020 (as adjusted for change in accounting principle)	Treasury Stock	Treasury StockBalance, January 1, 2020 (as adjusted for change in accounting principle)	Total Stockholders' Equity of WSFS	Total Stockholders' Equity of WSFSCumulative change in accounting principle	Total Stockholders' Equity of WSFSBalance, January 1, 2020 (as adjusted for change in accounting principle)	Non-controlling Interest	Non-controlling InterestBalance, January 1, 2020 (as adjusted for change in accounting principle)
Beginning Balance (in shares) at Dec. 31, 2019					57,435,658	57,435,658
Beginning Balance at Dec. 31, 2019		$ 1,849,491	$ (30,368)	$ 1,819,123	$ 575	$ 575	$ 1,049,064	$ 1,049,064	$ 23,501	$ 23,501	$ 917,377	$ (30,368)	$ 887,009	$ (140,211)	$ (140,211)	$ 1,850,306	$ (30,368)	$ 1,819,938	$ (815)	$ (815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		2,756									3,816					3,816			(1,060)
Other comprehensive income (loss)		49,279							49,279							49,279
Cash dividend		(12,240)									(12,240)					(12,240)
Issuance of common stock including proceeds from exercise of common stock options (in shares)					97,578
Issuance of common stock including proceeds from exercise of common stock options		991			$ 1		990									991
Stock-based compensation expense		1,294					1,294									1,294
Repurchases of common shares	[1]	(39,409)					(670)							(38,739)		(39,409)
Ending Balance (in shares) at Jun. 30, 2020					57,533,236
Ending Balance at Jun. 30, 2020		$ 1,821,794			$ 576		1,050,678		72,780		878,585			(178,950)		1,823,669			(1,875)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)		1,004,348
Shares withheld for tax liabilities (in shares)		22,531
Beginning Balance (in shares) at Mar. 31, 2020					57,506,298
Beginning Balance at Mar. 31, 2020		$ 1,833,419			$ 576		1,050,658		70,534		891,776			(178,950)		1,834,594			(1,175)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(7,811)									(7,111)					(7,111)			(700)
Other comprehensive income (loss)		2,246							2,246							2,246
Cash dividend		(6,080)									(6,080)					(6,080)
Issuance of common stock including proceeds from exercise of common stock options (in shares)					26,938
Issuance of common stock including proceeds from exercise of common stock options		0			$ 0		0									0
Stock-based compensation expense		690					690									690
Repurchases of common shares	[2]	(670)					(670)							0		(670)
Ending Balance (in shares) at Jun. 30, 2020					57,533,236
Ending Balance at Jun. 30, 2020		1,821,794			$ 576		1,050,678		72,780		878,585			(178,950)		1,823,669			(1,875)
Beginning Balance (in shares) at Dec. 31, 2020					57,575,783
Beginning Balance at Dec. 31, 2020		1,789,480			$ 576		1,053,022		56,007		977,414			(295,293)		1,791,726			(2,246)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		160,752									160,749					160,749			3
Other comprehensive income (loss)		(45,769)							(45,769)							(45,769)
Cash dividend		(11,879)									(11,879)					(11,879)
Issuance of common stock including proceeds from exercise of common stock options (in shares)					46,368
Issuance of common stock including proceeds from exercise of common stock options		176			$ 1		175									176
Stock-based compensation expense		2,262					2,262									2,262
Repurchases of common shares	[1]	(13,211)					(1,183)							(12,028)		(13,211)
Ending Balance (in shares) at Jun. 30, 2021					57,622,151
Ending Balance at Jun. 30, 2021		$ 1,881,811			$ 577		1,054,276		10,238		1,126,284			$ (307,321)		1,884,054			(2,243)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)														267,309
Shares withheld for tax liabilities (in shares)		17,732
Beginning Balance (in shares) at Mar. 31, 2021					57,589,330
Beginning Balance at Mar. 31, 2021		$ 1,768,454			$ 576		1,054,291		(13,702)		1,036,797			$ (307,321)		1,770,641			(2,187)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		95,611									95,667					95,667			(56)
Other comprehensive income (loss)		23,940							23,940							23,940
Cash dividend		(6,180)									(6,180)					(6,180)
Issuance of common stock including proceeds from exercise of common stock options (in shares)					32,821
Issuance of common stock including proceeds from exercise of common stock options		61			$ 1		60									61
Stock-based compensation expense		1,107					1,107									1,107
Repurchases of common shares	[2]	(1,182)					(1,182)							0		(1,182)
Ending Balance (in shares) at Jun. 30, 2021					57,622,151
Ending Balance at Jun. 30, 2021		$ 1,881,811			$ 577		$ 1,054,276		$ 10,238		$ 1,126,284			$ (307,321)		$ 1,884,054			$ (2,243)
[1]	Repurchase of common stock includes 267,309 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors, and 17,732 shares withheld to cover tax liabilities
[2]	Repurchase of common stock includes 1,004,348 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors and 22,531 shares withheld to cover tax liabilities.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividend (in dollars per share)	$ 0.13	$ 0.12	$ 0.25	$ 0.24

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities:
Net income (loss)	$ 160,752	$ 2,756
Adjustments to reconcile net income to net cash provided by operating activities:
(Recovery of) provision for credit losses	(87,723)	151,400
Depreciation of premises and equipment, net	6,575	7,933
Accretion of fees and discounts, net	(26,820)	(27,442)
Amortization of intangible assets	5,302	5,528
Amortization of right of use lease asset	5,988	6,356
Decrease in operating lease liability	(6,688)	(7,008)
Income from mortgage banking activities, net	(13,053)	(11,965)
Gain on sale of securities, net	(329)	(2,601)
(Loss) gain on sale of other real estate owned and valuation adjustments, net	(45)	10
Stock-based compensation expense	2,262	1,294
Unrealized gain on equity investments, net	(5,261)	(657)
Realized gain on sale of equity investment	0	22,052
Deferred income tax expense (benefit)	30,162	(38,596)
Decrease (increase) in accrued interest receivable	4,060	(15,128)
Increase in other assets	(8,046)	(3,743)
Origination of loans held for sale	(510,421)	(404,036)
Proceeds from sales of loans held for sale	569,341	377,786
Increase in value of bank owned life insurance	(708)	(97)
Increase in capitalized interest, net	(1,551)	(1,909)
Increase in accrued interest payable	527	2,946
(Decrease) increase in other liabilities	(35,248)	59,651
Net cash provided by operating activities	89,076	80,426
Investing activities:
Repayments, maturities and calls of investment securities held-to-maturity	16,240	9,675
Sale of investment securities available-for-sale	9,332	109,605
Purchases of investment securities available-for-sale	(1,267,988)	(535,146)
Repayments of investment securities available-for-sale	354,265	232,426
Net proceeds from sale of Visa Class B shares	0	85,850
Net decrease (increase) in loans	826,059	(839,620)
Purchases of stock of Federal Home Loan Bank of Pittsburgh	(585)	(145,399)
Redemptions of stock of Federal Home Loan Bank of Pittsburgh	266	156,724
Sales of other real estate owned	2,402	875
Investment in premises and equipment	(3,005)	(2,830)
Sales of premises and equipment	427	45
Net cash used in investing activities	(62,587)	(927,795)
Financing activities:
Net increase in demand and saving deposits	1,133,691	1,580,924
Decrease in time deposits	(106,803)	(128,170)
(Decrease) increase in brokered deposits	(155,462)	30,568
Receipts from FHLB advances	0	5,037,296
Repayments of FHLB advances	(6,623)	(5,043,576)
Receipts from federal funds purchased	0	8,025,475
Repayments of federal funds purchased	0	(8,220,475)
Cash dividend	(11,879)	(12,240)
Issuance of common stock including proceeds from exercise of common stock options	176	991
Redemption of senior debt	(100,000)	0
Repurchases of common shares	(13,211)	(39,409)
Net cash provided by financing activities	739,889	1,231,384
Increase in cash, cash equivalents, and restricted cash	766,378	384,015
Cash, cash equivalents, and restricted cash at beginning of period	1,654,735	571,752
Cash, cash equivalents, and restricted cash at end of period	2,421,113	955,767
Supplemental disclosure of cash flow information:
Interest	12,722	26,886
Income taxes	21,999	3,610
Non-cash information:
Loans transferred to other real estate owned	606	2,503
Loans transferred to portfolio from held-for-sale at fair value	24,782	11,065
Allowance for credit losses on held-to-maturity debt securities	5
Allowance for credit losses on loans and leases	132,418	$ 232,192
Retained earnings	1,126,284
Accounting standards update, extensible list		ASC 326
Cumulative change in accounting principle | ASC 326
Non-cash information:
Allowance for credit losses on held-to-maturity debt securities	0	$ (8)
Allowance for credit losses on loans and leases	0	(35,855)
Deferred tax assets	0	8,461
Allowance for credit losses on unfunded lending commitments	0	(2,966)
Retained earnings	$ 0	$ 30,368

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION General These unaudited Consolidated Financial Statements include the accounts of WSFS Financial Corporation (the Company or WSFS), Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), WSFS Wealth Management, LLC (Powdermill ® ), WSFS Capital Management, LLC (West Capital), Cypress Capital Management, LLC (Cypress), Christiana Trust Company of Delaware ® (Christiana Trust DE) and WSFS SPE Services, LLC. The Company also has one unconsolidated subsidiary, WSFS Capital Trust III. WSFS Bank has two wholly owned subsidiaries: Beneficial Equipment Finance Corporation (BEFC) and 1832 Holdings, Inc., and one majority-owned subsidiary, NewLane Finance Company (NewLane Finance ® ). Overview Founded in 1832, the Bank is one of the ten oldest bank and trust companies continuously operating under the same name in the United States (U.S.). The Company provides residential and commercial real estate, commercial and consumer lending services, as well as retail deposit and cash management services. The banking business is commercial lending funded primarily by customer-generated deposits. In addition, the Company offers a variety of wealth management and trust services to personal and corporate customers. The Federal Deposit Insurance Corporation (FDIC) insures the customers’ deposits to their legal maximums. The Company serves its customers primarily from 112 offices located in Pennsylvania (52 ), Delaware ( 42) , New Jersey (16 ), Virginia (1) and Nevada (1), its ATM network, website at www.wsfsbank.com and mobile app. Information on the website is not incorporated by reference into this Quarterly Report on Form 10-Q. The Company's leasing business is conducted by NewLane Finance ® . NewLane Finance ® originates small business leases and provides commercial financing to businesses nationwide, targeting various equipment categories including technology, software, office, medical, veterinary and other areas. In addition, NewLane Finance ® offers captive insurance through its subsidiary, Prime Protect. Basis of Presentation In preparing the unaudited Consolidated Financial Statements, the Company is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Amounts subject to significant estimates include the allowance for credit losses (including loans and leases held for investment, investment securities available-for-sale and held-to-maturity), lending-related commitments, goodwill, intangible assets, post-retirement benefit obligations, the fair value of financial instruments, and income taxes. Among other effects, changes to these estimates could result in future impairments of investment securities, goodwill and intangible assets, the establishment of additional allowance and lending-related commitment reserves as well as increased post-retirement benefits expense. The Company's accounting and reporting policies conform to Generally Accepted Accounting Principles in the U.S. (GAAP), prevailing practices within the banking industry for interim financial information and Rule 10-01 of SEC Regulation S-X (Rule 10-01). Rule 10-01 does not require us to include all information and notes that would be required in audited financial statements. Certain prior period amounts have been reclassified to conform with current period presentation. Operating results for the periods presented are not necessarily indicative of the results that may be expected for any future quarters or for the year ending December 31, 2021. These unaudited, interim Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and related notes included in the Annual Report on Form 10-K for the year ended December 31, 2020 (the 2020 Annual Report on Form 10-K) that was filed with the SEC on March 1, 2021 and is available at www.sec.gov or on the website at www.wsfsbank.com . All significant intercompany accounts and transactions were eliminated in consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SIGNIFICANT ACCOUNTING POLICIES: The significant accounting policies used in preparation of the Consolidated Financial Statements are disclosed in the Company's 2020 Annual Report on Form 10-K. Those significant accounting policies remain unchanged at June 30, 2021. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Guidance Adopted in 2021 ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes : In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The guidance adds new amendments to simplify income tax accounting and removes certain exceptions and modifies the accounting for certain income tax transactions. The guidance is effective for annual periods beginning after December 15, 2020. Early adoption is permitted. Adoption is required on a prospective, modified-retrospective or retrospective basis, depending on the amendment. The Company adopted this standard on January 1, 2021, on a prospective basis with no impact to the Consolidated Financial Statements at the time of adoption. ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815: In January 2020, the FASB issued ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 . The new guidance clarifies that observable transactions under the measurement alternative method (ASC 321) should be considered when applying or discontinuing the equity method of accounting (ASC 323). The guidance also clarifies that certain non-derivative forward contracts and purchase call options to acquire securities, should be measured at fair value before settlement or exercise. The guidance is effective for annual periods beginning after December 15, 2020. Early adoption is permitted. Use of the prospective method is required. The Company adopted this standard on January 1, 2021, on a prospective basis with no impact to the Consolidated Financial Statements at the time of adoption. ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope: In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope. The new guidance expands and clarifies the scope of ASU No. 2020-04 to include derivatives affected by changes in interest rates used for margining, discounting, or contract price alignment, commonly referred to as the “discounting transaction.” Derivatives impacted by the discounting transaction will be eligible for certain optional expedients and exceptions related to contract modifications and hedge accounting as defined in Topic 848. The guidance is effective upon issuance through December 31, 2022 and there was no impact to the Company at the time the guidance became effective. The Company will apply this guidance to any derivatives affected by the discounting transaction due to reference rate reform. There was no accounting guidance pending adoption at June 30, 2021.

NONINTEREST INCOME

NONINTEREST INCOME	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
NONINTEREST INCOME	3. NONINTEREST INCOME Credit/debit card and ATM income The following table presents the components of credit/debit card and ATM income: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Bailment fees $ 3,320 $ 3,080 $ 6,379 $ 8,161 Interchange fees 3,485 5,631 6,540 11,247 Other card and ATM fees 762 595 1,453 1,257 Total credit/debit card and ATM income $ 7,567 $ 9,306 $ 14,372 $ 20,665 Credit/debit card and ATM income is composed of bailment fees, interchange fees, and other card and ATM fees. Bailment fees are earned from bailment arrangements with customers. Bailment arrangements are legal relationships in which property is delivered to another party without a transfer of ownership. The party who transferred the property (the bailor) retains ownership interest of the property. In the event that the bailee files for bankruptcy protection, the property is not included in the bailee's assets. The bailee pays an agreed-upon fee for the use of the bailor's property in exchange for the bailor allowing use of the assets at the bailee's site. Bailment fees are earned from cash that is made available for customers' use at an offsite location, such as cash located in an ATM at a customer's place of business. These fees are typically indexed to a market interest rate. This revenue stream generates fee income through monthly billing for bailment services. Credit/debit card and ATM income also includes interchange fees. Interchange fees are paid by a merchant's bank to a bank that issued a debit or credit card used in a transaction to compensate the issuing bank for the value and benefit the merchant receives from accepting electronic payments. These revenue streams generate fee income at the time a transaction occurs and are recorded as revenue at the time of the transaction. Interchange income decreased due to the impact of the Durbin Amendment on 2021 results. The Durbin Amendment is a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 that established a cap on interchange fees with respect to debit transactions for banks that, together with their affiliates, have over $10 billion in assets, and became effective for the Company on July 1, 2020. Investment management and fiduciary income The following table presents the components of investment management and fiduciary income: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Trust fees $ 10,808 $ 7,308 $ 20,572 $ 14,262 Wealth management and advisory fees 4,552 3,621 9,041 7,629 Total investment management and fiduciary income $ 15,360 $ 10,929 $ 29,613 $ 21,891 Investment management and fiduciary income is composed of trust fees and wealth management and advisory fees. Trust fees are based on revenue earned from custody, escrow and trustee services on structured finance transactions; indenture trustee, administrative agent and collateral agent services to institutions and corporations; commercial domicile and independent director services; and investment and trustee services to families and individuals across the U.S. Most fees are flat fees, except for a portion of personal and corporate trustee fees where the Company earns a percentage on the assets under management. This revenue stream primarily generates fee income through monthly, quarterly and annual billings for services provided. Wealth management and advisory fees consists of fees from Cypress, West Capital, Powdermill ® and WSFS Wealth ® Investments. Wealth management and advisory fees are based on revenue earned from services including asset management, financial planning, family office, and brokerage. The fees are based on the market value of assets, are assessed as a flat fee, or are brokerage commissions. This revenue stream primarily generates fee income through quarterly and annual billing for the services. Deposit service charges The following table presents the components of deposit service charges: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Service fees $ 3,553 $ 2,919 $ 6,975 $ 6,130 Return and overdraft fees 1,504 1,134 3,082 3,466 Other deposit service fees 262 122 722 226 Total deposit service charges $ 5,319 $ 4,175 $ 10,779 $ 9,822 Deposit service charges includes revenue earned from core deposit products, certificates of deposit, and brokered deposits. The Company generates fee revenues from deposit service charges primarily through service charges and overdraft fees. Service charges consist primarily of monthly account maintenance fees, cash management fees, foreign ATM fees and other maintenance fees. All of these revenue streams generate fee income through service charges for monthly account maintenance and similar items, transfer fees, late fees, overlimit fees, and stop payment fees. Revenue is recorded at the time of the transaction. Other income The following table presents the components of other income: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Managed service fees $ 4,504 $ 3,724 $ 8,113 $ 7,755 Currency preparation 1,160 919 2,108 1,759 ATM loss protection 628 571 1,250 1,218 Miscellaneous products and services 2,341 766 5,847 2,201 Total other income $ 8,633 $ 5,980 $ 17,318 $ 12,933 Other income consists of managed service fees, which are primarily courier fees related to cash management, currency preparation, ATM loss protection and other miscellaneous products and services offered by the Bank. These fees are primarily generated through monthly billings or at the time of the transaction. Arrangements with multiple performance obligations The Company's contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on the prices charged to customers. Practical expedients and exemptions The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	4. EARNINGS (LOSS) PER SHARE The following table shows the computation of basic and diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, (Dollars and shares in thousands, except per share data) 2021 2020 2021 2020 Numerator: Net income (loss) attributable to WSFS $ 95,667 $ (7,111) $ 160,749 $ 3,816 Denominator: Weighted average basic shares 47,529 50,655 47,519 50,871 Dilutive potential common shares (1) 163 — 156 40 Weighted average fully diluted shares 47,692 50,655 $ 47,675 $ 50,911 Earnings (loss) per share: Basic $ 2.01 $ (0.14) $ 3.38 $ 0.08 Diluted $ 2.01 $ (0.14) $ 3.37 $ 0.07 Outstanding common stock equivalents having no dilutive effect — 48 1 15 (1) For the three months ended June 30, 2020, the effect of 14 thousand dilutive potential common shares were excluded from the computation of diluted net loss per common share, as these shares would have been antidilutive due to the net loss reported in this period Basic earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average basic shares outstanding. Diluted earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average fully diluted shares outstanding, using the treasury stock method. Fully diluted shares include the adjustment for the dilutive effect of common stock awards, which include outstanding stock options and unvested restricted stock units from the 2013 Incentive Plan and the 2018 Incentive Plan.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	5. INVESTMENTS Debt Securities The following tables detail the amortized cost, allowance for credit losses and the estimated fair value of the Company's investments in available-for-sale and held-to-maturity debt securities. None of the Company's investments in debt securities are classified as trading. June 30, 2021 (Dollars in thousands) Amortized Cost Gross Gross Allowance for Credit Losses Fair Available-for-Sale Debt Securities Collateralized mortgage obligation (CMO) $ 620,242 $ 7,532 $ 9,355 $ — $ 618,419 Fannie Mae (FNMA) MBS 2,310,453 36,274 16,940 — 2,329,787 Freddie Mac (FHLMC) MBS 163,691 8,529 222 — 171,998 Ginnie Mae (GNMA) MBS 21,713 736 47 — 22,402 Government-sponsored enterprises (GSEs) agency notes 231,867 — 7,894 — 223,973 $ 3,347,966 $ 53,071 $ 34,458 $ — $ 3,366,579 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 94,630 $ 4,140 $ — $ 5 $ 98,765 Foreign bonds 501 — — — 501 $ 95,131 $ 4,140 $ — $ 5 $ 99,266 (1) Held-to-maturity securities transferred from available-for-sale are included in held-to-maturity at amortized cost basis at the time of transfer. The amortized cost of transferred held-to-maturity securities included net unrealized gains of $0.3 million at June 30, 2021, which are offset in Accumulated other comprehensive income . At the time of transfer, there was no allowance for credit loss on the available-for-sale securities. Subsequent to transfer, the securities were evaluated for credit loss. December 31, 2020 (Dollars in thousands) Amortized Cost Gross Gross Allowance for Credit Losses Fair Available-for-Sale Debt Securities CMO $ 461,819 $ 9,949 $ 443 $ — $ 471,325 FNMA MBS 1,544,105 55,747 882 — 1,598,970 FHLMC MBS 190,856 12,142 105 — 202,893 GNMA MBS 22,716 1,046 — — 23,762 GSE agency notes 230,769 1,987 649 — 232,107 $ 2,450,265 $ 80,871 $ 2,079 $ — $ 2,529,057 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 111,246 $ 4,678 $ — $ 6 $ 115,918 Foreign bonds 501 2 — — 503 $ 111,747 $ 4,680 $ — $ 6 $ 116,421 (1) Held-to–maturity securities transferred from available-for-sale are included in held-to-maturity at fair value at the time of transfer. The amortized cost of transferred held-to-maturity securities included net unrealized gains of $0.4 million at December 31, 2020, which are offset in Accumulated other comprehensive income . At the time of transfer, there was no allowance for credit loss on the available-for-sale securities. Subsequent to transfer, the securities were evaluated for credit loss. The scheduled maturities of available-for-sale debt securities at June 30, 2021 and December 31, 2020 are presented in the table below: Available-for-Sale Amortized Fair (Dollars in thousands) Cost Value June 30, 2021 (1) Within one year $ — $ — After one year but within five years 70,221 73,851 After five years but within ten years 227,815 232,840 After ten years 3,049,930 3,059,888 $ 3,347,966 $ 3,366,579 December 31, 2020 (1) Within one year $ — $ — After one year but within five years 37,852 39,985 After five years but within ten years 239,845 251,874 After ten years 2,172,568 2,237,198 $ 2,450,265 $ 2,529,057 (1) Actual maturities could differ from contractual maturities. The scheduled maturities of held-to-maturity debt securities at June 30, 2021 and December 31, 2020 are presented in the table below: Held-to-Maturity Amortized Fair (Dollars in thousands) Cost Value June 30, 2021 (1) Within one year $ 1,126 $ 1,126 After one year but within five years 1,948 1,999 After five years but within ten years 40,620 42,066 After ten years 51,437 54,075 $ 95,131 $ 99,266 December 31, 2020 (1) Within one year $ 1,144 $ 1,154 After one year but within five years 972 990 After five years but within ten years 35,967 37,317 After ten years 73,664 76,960 $ 111,747 $ 116,421 (1) Actual maturities could differ from contractual maturities. MBS may have expected maturities that differ from their contractual maturities. These differences arise because issuers may have the right to call securities and borrowers may have the right to prepay obligations with or without prepayment penalty. The estimated weighted average duration of MBS was 4.6 years at June 30, 2021. The held-to-maturity debt securities are not collateral-dependent securities as these are general obligation bonds issued by cities, states, counties, or other local and foreign governments. Investment securities with fair market values aggregating $1.8 billion and $1.3 billion were pledged as collateral for retail customer repurchase agreements, municipal deposits, and other obligations as of June 30, 2021 and December 31, 2020, respectively. During the six months ended June 30, 2021, the Company sold $9.3 million of debt securities categorized as available-for-sale, resulting in $0.3 million of realized gains and no realized losses. During the six months ended June 30, 2020, the Company sold $109.6 million of debt securities categorized as available-for-sale resulting in $2.6 million of realized gains and no realized losses. As of June 30, 2021 and December 31, 2020, the Company's debt securities portfolio had remaining unamortized premiums of $65.8 million and $60.4 million, respectively, and unaccreted discounts of $5.2 million and $2.6 million, respectively. For debt securities in an unrealized loss position and an allowance has not been recorded, the table below shows the gross unrealized losses and fair value by investment category and length of time that individual debt securities were in a continuous unrealized loss position at June 30, 2021. Duration of Unrealized Loss Position Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss Available-for-sale debt securities: CMO $ 240,709 $ 9,355 $ — $ — $ 240,709 $ 9,355 FNMA MBS 1,234,215 16,939 1,547 1 1,235,762 16,940 FHLMC MBS 10,340 214 3,152 8 13,492 222 GNMA MBS 2,204 47 — — 2,204 47 GSE agency notes 223,973 7,894 — — 223,973 7,894 $ 1,711,441 $ 34,449 $ 4,699 $ 9 $ 1,716,140 $ 34,458 For debt securities in an unrealized loss position, the table below shows the gross unrealized losses and fair value by investment category and length of time that individual debt securities were in a continuous unrealized loss position at December 31, 2020. Duration of Unrealized Loss Position Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss Available-for-sale debt securities: CMO $ 183,983 $ 443 $ — $ — $ 183,983 $ 443 FNMA MBS 289,338 879 4,355 3 293,693 882 FHLMC MBS 5,191 105 — — 5,191 105 GSE agency notes 101,016 649 — — 101,016 649 $ 579,528 $ 2,076 $ 4,355 $ 3 $ 583,883 $ 2,079 At June 30, 2021, available-for-sale debt securities for which the amortized cost basis exceeded fair value totaled $1.7 billion. Total unrealized losses on these securities were $34.5 million at June 30, 2021. The Company does not have the intent to sell, nor is it more likely than not it will be required to sell these securities before it is able to recover the amortized cost basis. The unrealized losses are the result of changes in market interest rates subsequent to purchase, not credit loss, as these are highly rated agency securities with no expected credit loss, in the event of a default. As a result, there is no allowance for credit losses recorded for available-for-sale debt securities as of June 30, 2021. At June 30, 2021 and December 31, 2020, held-to-maturity debt securities had an amortized cost basis of $95.1 million and $111.7 million, respectively. The held-to-maturity debt security portfolio primarily consists of highly rated municipal bonds. The Company monitors credit quality of its debt securities through credit ratings. The following table summarizes the amortized cost of debt securities held-to-maturity as of June 30, 2021, aggregated by credit quality indicator: (Dollars in thousands) State and political subdivisions Foreign bonds A+ rated or higher $ 94,504 $ 501 Not rated 126 — Ending balance $ 94,630 $ 501 The following table summarizes the amortized cost of debt securities held-to-maturity as of December 31, 2020, aggregated by credit quality indicator: (Dollars in thousands) State and political subdivisions Foreign bonds A+ rated or higher $ 110,959 $ 501 Not rated 287 — Ending balance $ 111,246 $ 501 The Company reviewed its held-to-maturity debt securities by major security type for potential credit losses. There was no activity in the allowance for credit losses for foreign bond debt securities for the six months ended June 30, 2021 and 2020. The following table presents the activity in the allowance for credit losses for state and political subdivisions debt securities for the six months ended June 30, 2021 and 2020: Three months ended June 30, Six months ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Allowance for credit losses: Beginning balance $ 5 $ — $ 6 $ — Impact of adoption ASC 326 — 8 — 8 Provision for credit losses — — (1) — Charge-offs, net — — — — Ending balance $ 5 $ 8 $ 5 $ 8 Accrued interest receivable of $1.0 million and $1.1 million as of June 30, 2021 and December 31, 2020, respectively, for held-to-maturity debt securities were excluded from the evaluation of allowance for credit losses. There were no nonaccrual or past due held-to-maturity debt securities as of June 30, 2021 and December 31, 2020. Equity Investments The Company had equity investments with a fair value of $15.6 million and $9.5 million as of June 30, 2021 and December 31, 2020, respectively. During the three and six months ended June 30, 2021, the Company recorded an unrealized gain on its remaining investment in Visa Class B shares of $0.2 million and an unrealized gain of $5.1 million on its investment in Social Finance, Inc. (SoFi). During the three months ended June 30, 2020, the Company recorded a net realized gain on sale of Visa Class B shares of $22.1 million, which was recorded in Realized gain on equity investment, ne t in the Consolidated Statements of Income. During the six months ended June 30, 2020, the Company recorded unrealized gains on its remaining investment in Visa Class B shares of $0.1 million and an impairment loss of $2.3 million in the investment of Spring EQ LLC, which were recorded in Unrealized gain on equity investment, net

LOANS

LOANS	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
LOANS	6. LOANS The following table shows the Company's loan and lease portfolio by category: (Dollars in thousands) June 30, 2021 December 31, 2020 Commercial and industrial (1) $ 2,088,040 $ 2,700,418 Owner-occupied commercial 1,360,681 1,332,727 Commercial mortgages 2,024,684 2,086,062 Construction 779,601 716,275 Commercial small business leases 291,657 248,885 Residential (2) 614,432 774,455 Consumer (3) 1,105,169 1,165,917 8,264,264 9,024,739 Less: Allowance for credit losses 132,418 228,804 Net loans and leases $ 8,131,846 $ 8,795,935 (1) Includes PPP loans of $222.9 million at June 30, 2021 and $751.2 million at December 31, 2020. (2) Includes reverse mortgages at fair value of $8.4 million at June 30, 2021 and $10.1 million at December 31, 2020. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. Accrued interest receivable on loans and leases was $32.7 million and $37.6 million at June 30, 2021 and December 31, 2020, respectively. Accrued interest receivable on loans and leases was excluded from the evaluation of allowance for credit losses.

ALLOWANCE FOR CREDIT LOSSES AND

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION	7. ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION The following tables provide the activity of allowance for credit losses and loan balances for the three and six months ended June 30, 2021 and 2020. During the first half of 2021, the decrease to the allowance for credit losses was primarily due to positive economic developments in our forecasts and improved credit quality metrics with declines in our problem assets, nonperforming assets and delinquencies. (Dollars in thousands) Commercial and Industrial (1) Owner-occupied Commercial Construction Residential (2) Consumer (3) Total Three months ended June 30, 2021 Allowance for credit losses Beginning balance $ 125,870 $ 9,617 $ 30,545 $ 14,287 $ 5,702 $ 18,797 $ 204,818 Charge-offs (6,512) (45) — — — (521) (7,078) Recoveries 1,379 15 30 — 455 362 2,241 Provision (credit) (33,534) (3,406) (14,476) (10,775) (2,864) (2,508) (67,563) Ending balance $ 87,203 $ 6,181 $ 16,099 $ 3,512 $ 3,293 $ 16,130 $ 132,418 Six months ended June 30, 2021 Allowance for credit losses Beginning balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Charge-offs (11,564) (45) — — — (945) (12,554) Recoveries 2,519 105 44 — 595 628 3,891 Provision (credit) (54,627) (3,494) (15,016) (8,678) (4,195) (1,713) (87,723) Ending balance $ 87,203 $ 6,181 $ 16,099 $ 3,512 $ 3,293 $ 16,130 $ 132,418 Period-end allowance allocated to: Loans evaluated on an individual basis $ 1 $ — $ 10 $ — $ — $ — $ 11 Loans evaluated on a collective basis 87,202 6,181 16,089 3,512 3,293 16,130 132,407 Ending balance $ 87,203 $ 6,181 $ 16,099 $ 3,512 $ 3,293 $ 16,130 $ 132,418 Period-end loan balances: Loans evaluated on an individual basis $ 14,446 $ 3,868 $ 3,962 $ 72 $ 4,994 $ 2,608 $ 29,950 Loans evaluated on a collective basis 2,365,251 1,356,813 2,020,722 779,529 601,064 1,102,561 8,225,940 Ending balance $ 2,379,697 $ 1,360,681 $ 2,024,684 $ 779,601 $ 606,058 $ 1,105,169 $ 8,255,890 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $8.4 million. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (Dollars in thousands) Commercial and Industrial (1) Owner - Commercial Construction Residential (2) Consumer (3) Total Three months ended June 30, 2020 Allowance for credit losses Beginning balance $ 65,771 $ 9,541 $ 26,600 $ 5,198 $ 11,593 $ 20,370 $ 139,073 Charge-offs (2,072) (53) — — (32) (667) (2,824) Recoveries 968 — 3 — 24 194 1,189 Provision (credit) 79,558 (532) 11,794 4,928 (2,414) 1,420 94,754 Ending balance $ 144,225 $ 8,956 $ 38,397 $ 10,126 $ 9,171 $ 21,317 $ 232,192 Six months ended June 30, 2020 Allowance for loan losses Beginning balance, prior to adoption of ASC 326 $ 22,849 $ 4,616 $ 7,452 $ 3,891 $ 1,381 $ 7,387 $ 47,576 Impact of adopting ASC 326 (4) 19,747 (1,472) 1,662 681 7,522 7,715 35,855 Charge-offs (5,136) (336) (51) — (175) (1,581) (7,279) Recoveries 3,815 125 32 5 115 548 4,640 Provision 102,950 6,023 29,302 5,549 328 7,248 151,400 Ending balance $ 144,225 $ 8,956 $ 38,397 $ 10,126 $ 9,171 $ 21,317 $ 232,192 Period-end allowance allocated to: Loans evaluated on an individual basis $ 18 $ — $ — $ — $ — $ — $ 18 Loans evaluated on a collective basis 144,207 8,956 38,397 10,126 9,171 21,317 232,174 Ending balance $ 144,225 $ 8,956 $ 38,397 $ 10,126 $ 9,171 $ 21,317 $ 232,192 Period-end loan balances: Loans evaluated on an individual basis $ 15,634 $ 5,425 $ 4,470 $ 88 $ 5,452 $ 2,464 $ 33,533 Loans evaluated on a collective basis 3,151,200 1,331,828 2,161,077 638,416 889,408 1,130,907 9,302,836 Ending balance $ 3,166,834 $ 1,337,253 $ 2,165,547 $ 638,504 $ 894,860 $ 1,133,371 $ 9,336,369 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $16.1 million. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (4) Includes $0.1 million for the initial allowance on loans purchased with credit deterioration. The following tables show nonaccrual and past due loans presented at amortized cost at the date indicated: June 30, 2021 (Dollars in thousands) 30–89 Days Greater Total Past Accruing Nonaccrual Loans (1) Total Commercial and industrial (2) $ 8,160 $ 482 $ 8,642 $ 2,356,794 $ 14,261 $ 2,379,697 Owner-occupied commercial 3,817 — 3,817 1,354,083 2,781 1,360,681 Commercial mortgages 3,000 — 3,000 2,020,069 1,615 2,024,684 Construction 7,383 — 7,383 772,218 — 779,601 Residential (3) 1,260 1,093 2,353 600,979 2,726 606,058 Consumer (4) 7,971 6,958 14,929 1,087,599 2,641 1,105,169 Total $ 31,591 $ 8,533 $ 40,124 $ 8,191,742 $ 24,024 $ 8,255,890 % of Total Loans 0.38 % 0.10 % 0.48 % 99.23 % 0.29 % 100 % (1) Nonaccrual loans with an allowance totaled $10 thousand. (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances excludes reverse mortgages at fair value of $8.4 million. (4) Includes $13.6 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss. December 31, 2020 (Dollars in thousands) 30–89 Days Greater Total Past Accruing Nonaccrual Loans (1) Total Commercial and industrial (2) $ 7,313 $ 3,652 $ 10,965 $ 2,924,522 $ 13,816 $ 2,949,303 Owner-occupied commercial 3,120 892 4,012 1,323,355 5,360 1,332,727 Commercial mortgages 5,944 1,090 7,034 2,061,853 17,175 2,086,062 Construction 371 — 371 715,904 — 716,275 Residential (3) 3,049 25 3,074 758,072 3,247 764,393 Consumer (4) 8,355 11,035 19,390 1,144,217 2,310 1,165,917 Total (4) $ 28,152 $ 16,694 $ 44,846 $ 8,927,923 $ 41,908 $ 9,014,677 % of Total Loans 0.31 % 0.19 % 0.50 % 99.04 % 0.46 % 100 % (1) Nonaccrual loans with an allowance totaled $13 thousand (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances excludes reverse mortgages, at fair value of $10.1 million. (4) Includes $18.2 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss. The following table presents the amortized cost basis of nonaccruing collateral-dependent loans by class at June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 (Dollars in thousands) Property Equipment and other Property Equipment and other Commercial and industrial (1) $ 11,498 $ 2,763 $ 10,646 $ 3,170 Owner-occupied commercial 2,781 — 5,360 — Commercial mortgages 1,615 — 17,175 — Construction — — — — Residential (2) 2,726 — 3,247 — Consumer (3) 2,641 — 2,294 16 Total $ 21,261 $ 2,763 $ 38,722 $ 3,186 (1) Includes commercial small business leases. (2) Excludes reverse mortgages at fair value. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. Interest income recognized on individually reviewed loans was $0.2 million during the three months ended June 30, 2021 and 2020, respectively, and $0.4 million during the six months ended June 30, 2021 and 2020, respectively. As of June 30, 2021, there were 23 residential loans and 23 commercial loans in the process of foreclosure. The total outstanding balance on these loans was $1.3 million and $11.8 million, respectively. As of December 31, 2020, there were 27 residential loans and 23 commercial loans in the process of foreclosure. The total outstanding balance on these loans was $1.9 million and $12.8 million, respectively. Loan workout and OREO expenses were $0.2 million and $0.7 million during the three and six months ended June 30, 2021, and $1.1 million and $1.8 million during three and six months ended June 30, 2020. Loan workout and OREO expenses are included in Loan workout and other credit costs on the Consolidated Statement of Income (Loss). Credit Quality Indicators Below is a description of each of the risk ratings for all commercial loans: • Pass . These borrowers currently show no indication of deterioration or potential problems and their loans are considered fully collectible. • Special Mention. These borrowers have potential weaknesses that deserve management’s close attention. Borrowers in this category may be experiencing adverse operating trends, for example, declining revenues or margins, high leverage, tight liquidity, or increasing inventory without increasing sales. These adverse trends can have a potential negative effect on the borrower’s repayment capacity. These assets are not adversely classified and do not expose the Bank to significant risk that would warrant a more severe rating. Borrowers in this category may also be experiencing significant management problems, pending litigation, or other structural credit weaknesses. • Substandard or Lower . These borrowers have well-defined weaknesses that require extensive oversight by management. Borrowers in this category may exhibit one or more of the following: inadequate debt service coverage, unprofitable operations, insufficient liquidity, high leverage, and weak or inadequate capitalization. Relationships in this category are not adequately protected by the sound financial worth and paying capacity of the obligor or the collateral pledged on the loan, if any. A distinct possibility exists that the Bank will sustain some loss if the deficiencies are not corrected. In addition, some borrowers in this category could have the added characteristic that the possibility of loss is extremely high. Current circumstances in the credit relationship make collection or liquidation in full highly questionable. Such impending events include: perfecting liens on additional collateral, obtaining collateral valuations, an acquisition or liquidation preceding, proposed merger, or refinancing plan. Residential and Consumer Loans The residential and consumer loan portfolios are monitored on an ongoing basis using delinquency information and loan type as credit quality indicators. These credit quality indicators are assessed in the aggregate in these relatively homogeneous portfolios. Loans that are greater than 90 days past due are generally considered nonperforming and placed on nonaccrual status. The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses as of June 30, 2021. Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving loans amortized cost basis Revolving loans converted to term Total (Dollars in thousands) Commercial and industrial (1) : Risk Rating Pass (2) $ 270,308 $ 698,723 $ 347,351 $ 236,657 $ 144,007 $ 172,211 $ 5,500 $ 135,762 $ 2,010,519 Special mention 13,738 659 28,717 10,786 943 15,035 — 51,343 121,221 Substandard or Lower 12,307 25,261 65,445 49,864 49,931 36,968 27 8,154 247,957 $ 296,353 $ 724,643 $ 441,513 $ 297,307 $ 194,881 $ 224,214 $ 5,527 $ 195,259 $ 2,379,697 Owner-occupied commercial: Risk Rating Pass $ 145,214 $ 223,752 $ 207,609 $ 75,082 $ 131,905 $ 317,070 $ — $ 130,649 $ 1,231,281 Special mention 763 1,124 3,138 482 10,692 10,418 — 14,105 40,722 Substandard or Lower — 7,157 13,918 14,330 19,617 25,676 — 7,980 88,678 $ 145,977 $ 232,033 $ 224,665 $ 89,894 $ 162,214 $ 353,164 $ — $ 152,734 $ 1,360,681 Commercial mortgages: Risk Rating Pass $ 264,232 $ 314,468 $ 238,420 $ 181,718 $ 224,772 $ 470,819 $ — $ 230,137 $ 1,924,566 Special mention — 8,168 1,751 885 21,004 6,179 — 1,849 39,836 Substandard or Lower — 13,190 22,470 2,217 1,562 19,797 — 1,046 60,282 $ 264,232 $ 335,826 $ 262,641 $ 184,820 $ 247,338 $ 496,795 $ — $ 233,032 $ 2,024,684 Construction: Risk Rating Pass $ 137,727 $ 208,583 $ 149,019 $ 142,891 $ 11,236 $ 9,283 $ — $ 93,945 $ 752,684 Special mention 7,931 — — — 3,515 — — — 11,446 Substandard or Lower 4,988 — 4,967 — 98 71 — 5,347 15,471 $ 150,646 $ 208,583 $ 153,986 $ 142,891 $ 14,849 $ 9,354 $ — $ 99,292 $ 779,601 Residential (3) : Risk Rating Performing $ 11,589 $ 35,330 $ 17,243 $ 43,732 $ 61,268 $ 431,902 $ — $ — $ 601,064 Nonperforming (4) — 112 — — 63 4,819 — — 4,994 $ 11,589 $ 35,442 $ 17,243 $ 43,732 $ 61,331 $ 436,721 $ — $ — $ 606,058 Consumer (5) : Risk Rating Performing $ 65,016 $ 231,337 $ 98,951 $ 214,502 $ 47,934 $ 75,185 $ 362,142 $ 7,147 $ 1,102,214 Nonperforming (6) — 361 33 619 193 — 1,351 398 2,955 $ 65,016 $ 231,698 $ 98,984 $ 215,121 $ 48,127 $ 75,185 $ 363,493 $ 7,545 $ 1,105,169 (1) Includes commercial small business leases. (2) Includes $222.9 million of PPP loans. (3) Excludes reverse mortgages at fair value. (4) Includes troubled debt restructured mortgages performing in accordance with the loans' modified terms and are accruing interest. (5) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (6) Includes troubled debt restructured home equity installment loans performing in accordance with the loans' modified terms and are accruing interest. The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of December 31, 2020. Term Loans Amortized Cost Basis by Origination Year 2020 2019 2018 2017 2016 Prior Revolving loans amortized cost basis Revolving loans converted to term Total (Dollars in thousands) Commercial and industrial (1) : Risk Rating Pass (2) $ 1,250,528 $ 448,704 $ 296,594 $ 157,359 $ 97,036 $ 125,361 $ 6,182 $ 136,110 $ 2,517,874 Special mention 3,040 26,470 28,636 8,482 2,577 16,993 — 34,403 120,601 Substandard or Lower 82,868 60,227 57,880 50,446 15,151 35,150 63 9,043 310,828 $ 1,336,436 $ 535,401 $ 383,110 $ 216,287 $ 114,764 $ 177,504 $ 6,245 $ 179,556 $ 2,949,303 Owner-occupied commercial: Risk Rating Pass $ 220,165 $ 225,766 $ 90,515 $ 135,903 $ 123,897 $ 271,086 $ — $ 123,194 $ 1,190,526 Special mention 1,525 5,885 1,838 17,578 4,125 1,997 — 14,467 47,415 Substandard or Lower 3,703 13,426 15,272 19,883 11,581 19,331 — 11,590 94,786 $ 225,393 $ 245,077 $ 107,625 $ 173,364 $ 139,603 $ 292,414 $ — $ 149,251 $ 1,332,727 Commercial mortgages: Risk Rating Pass $ 379,592 $ 283,004 $ 240,924 $ 257,809 $ 254,780 $ 375,473 $ — $ 148,210 $ 1,939,792 Special mention 8,324 1,774 21,762 21,269 1,274 6,507 — 1,870 62,780 Substandard or Lower 26,343 25,402 2,253 1,950 3,242 24,300 — — 83,490 $ 414,259 $ 310,180 $ 264,939 $ 281,028 $ 259,296 $ 406,280 $ — $ 150,080 $ 2,086,062 Construction: Risk Rating Pass $ 189,257 $ 214,956 $ 208,981 $ 11,414 $ 7,414 $ 3,645 $ — $ 66,018 $ 701,685 Special mention — — — 3,515 — — — — 3,515 Substandard or Lower — 8,648 — — — 79 — 2,348 11,075 $ 189,257 $ 223,604 $ 208,981 $ 14,929 $ 7,414 $ 3,724 $ — $ 68,366 $ 716,275 Residential (3) : Risk Rating Performing $ 42,475 $ 26,309 $ 71,410 $ 85,277 $ 149,643 $ 383,358 $ — $ — $ 758,472 Nonperforming (4) 113 — — — 283 5,525 — — 5,921 $ 42,588 $ 26,309 $ 71,410 $ 85,277 $ 149,926 $ 388,883 $ — $ — $ 764,393 Consumer (5) : Risk Rating Performing $ 235,948 $ 134,064 $ 251,087 $ 63,713 $ 44,700 $ 53,717 $ 371,842 $ 8,287 $ 1,163,358 Nonperforming (6) — — 636 232 — — 1,396 295 2,559 $ 235,948 $ 134,064 $ 251,723 $ 63,945 $ 44,700 $ 53,717 $ 373,238 $ 8,582 $ 1,165,917 (1) Includes commercial small business leases. (2) Includes $751.2 million of PPP loans. (3) Excludes reverse mortgages at fair value. (4) Includes troubled debt restructured mortgages performing in accordance with the loans' modified terms and are accruing interest. (5) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (6) Includes troubled debt restructured home equity installment loans performing in accordance with the loans' modified terms and are accruing interest. Troubled Debt Restructurings (TDRs) The following table presents the balance of TDRs as of the indicated dates: (Dollars in thousands) June 30, 2021 December 31, 2020 Performing TDRs $ 14,997 $ 15,539 Nonperforming TDRs 2,694 4,601 Total TDRs $ 17,691 $ 20,140 Approximately $0.2 million and less than $0.1 million in related reserves have been established for these loans at June 30, 2021 and December 31, 2020, respectively. The following tables present information regarding the types of loan modifications made for the three and six months ended June 30, 2021 and 2020: Three months ended June 30, 2021 Six months ended June 30, 2021 Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Commercial and industrial — — — — — — — — — — Owner-occupied commercial — — — — — — — — — — Commercial mortgages — — — — — — — — — — Construction — — — — — — — — — — Residential — — — — — — — 2 — 2 Consumer — — 3 1 4 — — 20 1 21 Total — — 3 1 4 — — 22 1 23 Three months ended June 30, 2020 Six months ended June 30, 2020 Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Commercial and industrial — — — — — 1 — — — 1 Owner-occupied commercial 2 — — — 2 3 — — — 3 Commercial mortgages — — — — — — 1 — — 1 Residential — — 3 1 4 — — 4 2 6 Consumer — — 4 1 5 — — 7 3 10 Total 2 — 7 2 11 4 1 11 5 21 (1) Includes underwriting exceptions. Principal balances are generally not forgiven when a loan is modified as a TDR. Nonaccruing restructured loans remain in nonaccrual status until there has been a period of sustained repayment performance, which is typically six months, and repayment is reasonably assured. The following tables present loans modified as TDRs during the three and six months ended June 30, 2021 and 2020. Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (Dollars in thousands) Pre Modification Post Modification Pre Modification Post Modification Commercial $ — $ — $ — $ — Owner-occupied commercial — — — — Commercial mortgages — — — — Residential — — 166 166 Consumer 155 155 839 839 Total (1)(2) $ 155 $ 155 $ 1,005 $ 1,005 (1) During the three and six months ended June 30, 2021, the TDRs set forth in the table above resulted in a less than $0.1 million increase in the allowance for credit losses for both periods, and no additional charge-offs in either period. During the three and six months ended June 30, 2021, no TDRs defaulted that had received troubled debt modification during the past twelve months. (2) The TDRs set forth in the table above did not occur as a result of the loan forbearance program under the CARES Act. Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 (Dollars in thousands) Pre Modification Post Modification Pre Modification Post Modification Commercial $ — $ — $ 31 $ 31 Owner-occupied commercial 567 567 1,216 1,216 Commercial mortgages — — 104 104 Residential 905 905 1,126 1,126 Consumer 245 245 459 459 Total (1)(2) $ 1,717 $ 1,717 $ 2,936 $ 2,936 (1) During the three and six months ended June 30, 2020 the TDRs set forth in the table above resulted in a less than $0.1 million increase and a $0.1 million increase in the allowance for credit losses, respectively, and no additional charge-offs in either period. During the three and six months ended June 30, 2020, no TDRs defaulted that had received troubled debt modification during the past twelve months. (2) The TDRs set forth in the table above did not occur as a result of the loan forbearance program under the CARES Act.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
LEASES	8. LEASES As a lessee, the Company enters into leases for its bank branches, corporate offices, and certain equipment. As a lessor, the Company primarily provides financing through its equipment leasing business. Lessee The Company's ongoing leases have remaining lease terms of less than 1 year to 41 years, which includes renewal options that are exercised at its discretion. The Company's lease terms to calculate the lease liability and right of use asset include options to extend the lease when it is reasonably certain that the Company will exercise the option. The lease liability and right of use asset is included in Other liabilities and Other assets , respectively, in the unaudited Consolidated Statement of Financial Condition. Leases with an initial term of 12 months or less are not recorded on the unaudited Consolidated Statement of Financial Condition. Lease expense is recognized on a straight-line basis over the lease term. Operating lease expense is included in Occupancy expense in the unaudited Consolidated Statement of Income. The Company accounts for lease components separately from nonlease components. The Company subleases certain real estate to third parties. The components of operating lease cost were as follows: Three months ended Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Operating lease cost (1) $ 4,789 $ 4,950 $ 9,443 $ 9,500 Sublease income (90) (93) (197) (186) Net lease cost $ 4,699 $ 4,857 $ 9,246 $ 9,314 (1) Includes variable lease cost and short-term lease cost. Supplemental balance sheet information related to operating leases was as follows: (Dollars in thousands) June 30, 2021 December 31, 2020 Right of use assets $ 150,291 $ 150,985 Lease liabilities $ 165,057 $ 166,451 Lease term and discount rate Weighted average remaining lease term (in years) 19.16 19.36 Weighted average discount rate 4.26 % 4.26 % Maturities of operating lease liabilities were as follows: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 8,780 2022 17,569 2023 17,692 2024 16,467 2025 16,478 After 2025 183,244 Total lease payments 260,230 Less: Interest (95,173) Present value of lease liabilities $ 165,057 Supplemental cash flow information related to operating leases was as follows: Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,074 $ 9,328 Lessor Equipment Leasing The Company provides equipment and small business lease financing through its leasing subsidiary, NewLane Finance ® . Interest income from direct financing leases where the Company is a lessor is recognized in Interest and fees on loans and leases on the Consolidated Statements of Income. The allowance for credit losses on finance leases is included in (Recovery of) provision for credit losses on the Consolidated Statements of Income. The components of direct finance lease income are summarized in the table below: Three months ended Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Direct financing leases: Interest income on lease receivable $ 5,102 $ 3,813 $ 9,726 $ 7,379 Interest income on deferred fees and costs, net (438) 93 (756) 188 Total direct financing lease net interest income $ 4,664 $ 3,906 $ 8,970 $ 7,567 Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows: (Dollars in thousands) June 30, 2021 December 31, 2020 Lease receivables $ 329,718 $ 281,601 Unearned income (43,808) (36,669) Deferred fees and costs 5,747 3,953 Net investment in direct financing leases $ 291,657 $ 248,885 Future minimum lease payments to be received for direct financing leases were as follows: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 53,731 2022 96,910 2023 78,809 2024 56,668 2025 34,903 After 2025 8,697 Total lease payments $ 329,718
LEASES	8. LEASES As a lessee, the Company enters into leases for its bank branches, corporate offices, and certain equipment. As a lessor, the Company primarily provides financing through its equipment leasing business. Lessee The Company's ongoing leases have remaining lease terms of less than 1 year to 41 years, which includes renewal options that are exercised at its discretion. The Company's lease terms to calculate the lease liability and right of use asset include options to extend the lease when it is reasonably certain that the Company will exercise the option. The lease liability and right of use asset is included in Other liabilities and Other assets , respectively, in the unaudited Consolidated Statement of Financial Condition. Leases with an initial term of 12 months or less are not recorded on the unaudited Consolidated Statement of Financial Condition. Lease expense is recognized on a straight-line basis over the lease term. Operating lease expense is included in Occupancy expense in the unaudited Consolidated Statement of Income. The Company accounts for lease components separately from nonlease components. The Company subleases certain real estate to third parties. The components of operating lease cost were as follows: Three months ended Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Operating lease cost (1) $ 4,789 $ 4,950 $ 9,443 $ 9,500 Sublease income (90) (93) (197) (186) Net lease cost $ 4,699 $ 4,857 $ 9,246 $ 9,314 (1) Includes variable lease cost and short-term lease cost. Supplemental balance sheet information related to operating leases was as follows: (Dollars in thousands) June 30, 2021 December 31, 2020 Right of use assets $ 150,291 $ 150,985 Lease liabilities $ 165,057 $ 166,451 Lease term and discount rate Weighted average remaining lease term (in years) 19.16 19.36 Weighted average discount rate 4.26 % 4.26 % Maturities of operating lease liabilities were as follows: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 8,780 2022 17,569 2023 17,692 2024 16,467 2025 16,478 After 2025 183,244 Total lease payments 260,230 Less: Interest (95,173) Present value of lease liabilities $ 165,057 Supplemental cash flow information related to operating leases was as follows: Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,074 $ 9,328 Lessor Equipment Leasing The Company provides equipment and small business lease financing through its leasing subsidiary, NewLane Finance ® . Interest income from direct financing leases where the Company is a lessor is recognized in Interest and fees on loans and leases on the Consolidated Statements of Income. The allowance for credit losses on finance leases is included in (Recovery of) provision for credit losses on the Consolidated Statements of Income. The components of direct finance lease income are summarized in the table below: Three months ended Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Direct financing leases: Interest income on lease receivable $ 5,102 $ 3,813 $ 9,726 $ 7,379 Interest income on deferred fees and costs, net (438) 93 (756) 188 Total direct financing lease net interest income $ 4,664 $ 3,906 $ 8,970 $ 7,567 Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows: (Dollars in thousands) June 30, 2021 December 31, 2020 Lease receivables $ 329,718 $ 281,601 Unearned income (43,808) (36,669) Deferred fees and costs 5,747 3,953 Net investment in direct financing leases $ 291,657 $ 248,885 Future minimum lease payments to be received for direct financing leases were as follows: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 53,731 2022 96,910 2023 78,809 2024 56,668 2025 34,903 After 2025 8,697 Total lease payments $ 329,718

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	9. GOODWILL AND INTANGIBLE ASSETS In accordance with ASC 805, Business Combinations (ASC 805) and ASC 350, Intangibles - Goodwill and Other (ASC 350), all assets acquired and liabilities assumed in purchase acquisitions, including goodwill, indefinite-lived intangibles and other intangibles are recorded at fair value as of acquisition date. WSFS performs its annual goodwill impairment test on October 1 or more frequently if events and circumstances indicate that the fair value of a reporting unit is less than its carrying value. In between annual tests, management performs a qualitative review of goodwill quarterly as part of the Company's review of the overall business to ensure no events or circumstances have occurred that would impact its goodwill evaluation. During the six months ended June 30, 2021, management determined based on its qualitative assessment that it is not more likely than not that the fair values of our reporting units are less than their carrying values. No goodwill impairment exists during the six months ended June 30, 2021. The following table shows the allocation of goodwill to the reportable operating segments for purposes of goodwill impairment testing: (Dollars in thousands) WSFS Cash Wealth Consolidated December 31, 2020 $ 452,629 $ — $ 20,199 $ 472,828 Goodwill adjustments — — — — June 30, 2021 $ 452,629 $ — $ 20,199 $ 472,828 ASC 350 requires that an acquired intangible asset be separately recognized if the benefit of the intangible asset is obtained through contractual or other legal rights, or if the asset can be sold, transferred, licensed, rented or exchanged, regardless of the acquirer’s intent to do so. The following table summarizes the Company's intangible assets: (Dollars in thousands) Gross Accumulated Net Amortization Period June 30, 2021 Core deposits $ 93,811 $ (25,469) $ 68,342 10 years Customer relationships 15,281 (7,238) 8,043 7-15 years Non-compete agreements 221 (212) 9 5 years Loan servicing rights (1) 5,639 (2,910) 2,729 10-25 years Total intangible assets $ 114,952 $ (35,829) $ 79,123 December 31, 2020 Core deposits $ 95,711 $ (22,727) $ 72,984 10 years Customer relationships 15,281 (6,600) 8,681 7-15 years Non-compete agreements 221 (190) 31 5 years Loan servicing rights (2) 5,302 (2,440) 2,862 10-25 years Total intangible assets $ 116,515 $ (31,957) $ 84,558 (1) Includes impairment losses of $0.1 million and less than $0.1 million for the three and six months ended June 30, 2021. (2) Includes impairment losses of $0.2 million for the year ended December 31, 2020 The Company recognized amortization expense on intangible assets of $2.7 million and $5.3 million for the three and six months ended June 30, 2021, compared to $2.8 million and $5.5 million for the three and six months ended June 30, 2020. The following table presents the estimated future amortization expense on intangible assets: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 5,647 2022 11,132 2023 10,980 2024 10,800 2025 10,544 Thereafter 30,020 Total $ 79,123

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2021
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
DEPOSITS	10. DEPOSITS The following table shows deposits by category: (Dollars in thousands) June 30, 2021 December 31, 2020 Noninterest-bearing: Noninterest demand $ 4,328,060 $ 3,415,021 Total noninterest-bearing $ 4,328,060 $ 3,415,021 Interest-bearing: Interest-bearing demand $ 2,633,423 $ 2,635,740 Savings 1,927,627 1,774,332 Money market 2,722,868 2,654,439 Customer time deposits 1,052,042 1,158,845 Brokered deposits 62,825 218,287 Total interest-bearing 8,398,785 8,441,643 Total deposits $ 12,726,845 $ 11,856,664

ASSOCIATE BENEFIT PLANS

ASSOCIATE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2021
Postemployment Benefits [Abstract]
ASSOCIATE BENEFIT PLANS	11. ASSOCIATE BENEFIT PLANS Postretirement Medical Benefits The Company shares certain costs of providing health and life insurance benefits to eligible retired Associates (employees) and their eligible dependents. Previously, all Associates were eligible for these benefits if they reached normal retirement age while working for the Company. Effective March 31, 2014, the Company changed the eligibility of this plan to include only those Associates who have achieved ten years of service as of March 31, 2014. The Company uses the mortality table issued by the Office of the Actuary of the U.S. Bureau of Census in its calculation. The Company accounts for its obligations under the provisions of ASC 715, Compensation - Retirement Benefits (ASC 715). ASC 715 requires the recognition of the costs of these benefits over an Associate’s active working career. Amortization of unrecognized net gains or losses resulting from experience different from that assumed and from changes in assumptions is included as a component of net periodic benefit cost over the remaining service period of active employees to the extent that such gains and losses exceed 10% of the accumulated postretirement benefit obligation, as of the beginning of the year. The Company recognizes its service cost in Salaries, benefits and other compensation and the other components of net periodic benefit cost in Other operating expenses in the unaudited Consolidated Statements of Income. The following table presents the components of net periodic benefit cost related to postretirement medical benefits plan. Three months ended June 30, Six months ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Service cost $ 17 $ 15 $ 34 $ 30 Interest cost 13 17 26 34 Prior service cost amortization (19) (19) (38) (38) Net gain recognition (5) (9) (10) (18) Net periodic cost (benefit) $ 6 $ 4 $ 12 $ 8 Alliance Associate Pension Plan During the fourth quarter of 2015, the Company completed the acquisition of Alliance Bancorp, Inc. of Pennsylvania (Alliance). At the time of the acquisition, the Company assumed the Alliance pension plan offered to its current Associates. In the first quarter of 2020, the Company received Internal Revenue Service and Pension Benefit Guaranty Corporation approval to terminate the plan. As of June 30, 2020, the Company completed the termination and contributed $0.5 million to the plan to settle the obligation. The following table presents the components of net periodic benefit cost related to the Alliance Associate Pension Plan. There was no net periodic benefit cost during the three and six months ended June 30, 2021. Three months ended Six months ended (Dollars in thousands) June 30, 2020 June 30, 2020 Service cost $ 7 $ 17 Interest cost 42 105 Expected return on plan assets (79) (196) Plan settlement loss 1,431 1,431 Net periodic cost (benefit) $ 1,401 $ 1,357 Beneficial Associate Pension and other postretirement benefits plans On March 1, 2019, the Company closed its acquisition of Beneficial Bancorp, Inc. (Beneficial). At the time of the acquisition, the Company assumed the pension plan covering certain eligible Beneficial Associates. The plan was frozen in 2008. The following table presents the components of net periodic benefit cost related to the Beneficial pension benefits and other postretirement benefit plans. Three months ended June 30, 2021 Six months ended June 30, 2021 (Dollars in thousands) Pension Benefits Other Postretirement Benefits Pension Benefits Other Postretirement Benefits Service cost $ — $ 15 $ — $ 29 Interest cost 530 77 1,060 154 Expected return on plan assets (1,705) — (3,410) — Prior service cost amortization — (3) — (6) Net loss (gain) recognition 7 — 13 — Net periodic (benefit) cost $ (1,168) $ 89 $ (2,337) $ 177 Three months ended June 30, 2020 Six months ended June 30, 2020 (Dollars in thousands) Pension Benefits Other Postretirement Benefits Pension Benefits Other Postretirement Benefits Service cost $ — $ 29 $ — $ 58 Interest cost 740 138 1,455 275 Expected return on plan assets (1,588) — (3,182) — Net (gain) loss recognition 1 (16) 2 (32) Net periodic (benefit) cost $ (847) $ 151 $ (1,725) $ 301

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	12. INCOME TAXES There were no unrecognized tax benefits as of June 30, 2021. The Company records interest and penalties on potential income tax deficiencies as income tax expense. The Company's federal and state tax returns for the 2017 through 2020 tax years are subject to examination as of June 30, 2021. The Company does not expect to record or realize any material unrecognized tax benefits during 2021. As a result of the adoption of ASC 326 - Credit Losses on January 1, 2020, the tax impact relating to the incremental provision for expected credit losses from financial assets held at amortized cost has been reflected as a credit to retained earnings to reflect the tax impact of increased credit reserves. Accordingly, $8.5 million of such impact has been reflected as an income tax credit and deferred tax asset on the Company's Consolidated Statements of Financial Condition. Section 2303(b) of the CARES Act provides the Company with an opportunity to carry back net operating losses (NOLs) arising from 2018, 2019 and 2020 to the prior five tax years. The Company has such NOLs reflected on its balance sheet as a portion of its current tax receivables, which were previously valued at the federal corporate income tax rate of 21%. However, the provisions of the CARES Act provide for NOL carryback claims to be calculated based on a rate of 35%, which was the federal corporate tax rate in effect for the carryback years. Consequently, effective March 31, 2020, the Company has revalued the benefit from its NOLs to reflect a 35% tax rate, which resulted in the recognition of an additional $1.7 million income tax benefit and deferred tax asset on the Company's Consolidated Statements of Financial Condition. The amortization of the low-income housing credit investments has been reflected as income tax expense of $0.9 million and $0.8 million for the three months ended June 30, 2021 and 2020, respectively, and $1.8 million and $1.6 million of such amortization has been reflected as income tax expense for the six months ended June 30, 2021 and 2020, respectively. The amount of affordable housing tax credits, amortization and tax benefits recorded as income tax expense for the six months ended June 30, 2021 were $1.8 million, $1.8 million and $0.3 million, respectively. The carrying value of the investment in affordable housing credits is $24.8 million at June 30, 2021, compared to $26.6 million at December 31, 2020.

FAIR VALUE DISCLOSURES OF FINAN

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES	13. FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES ASC 820-10, Fair Value Measurement (ASC 820-10) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820-10 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: • Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. • Level 2: Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; inputs to the valuation methodology include quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs to the valuation methodology that are derived principally from or can be corroborated by observable market data by correlation or other means. • Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The following tables present financial instruments carried at fair value as of June 30, 2021 and December 31, 2020 by level in the valuation hierarchy (as described above): June 30, 2021 (Dollars in thousands) Quoted Significant Significant Total Fair Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 618,419 $ — $ 618,419 FNMA MBS — 2,329,787 — 2,329,787 FHLMC MBS — 171,998 — 171,998 GNMA MBS — 22,402 — 22,402 GSE agency notes — 223,973 — 223,973 Other assets — 8,606 — 8,606 Total assets measured at fair value on a recurring basis $ — $ 3,375,185 $ — $ 3,375,185 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 4,464 $ 22,145 $ 26,609 Assets measured at fair value on a nonrecurring basis: Other investments $ 5,604 $ — $ 10,044 $ 15,648 Other real estate owned — — 1,044 1,044 Loans held for sale — 113,173 — 113,173 Total assets measured at fair value on a nonrecurring basis $ 5,604 $ 113,173 $ 11,088 $ 129,865 December 31, 2020 (Dollars in thousands) Quoted Significant Significant Total Fair Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 471,325 $ — $ 471,325 FNMA MBS — 1,598,970 — 1,598,970 FHLMC MBS — 202,893 — 202,893 GNMA MBS — 23,762 — 23,762 GSE agency notes — 232,107 — 232,107 Other assets — 14,448 — 14,448 Total assets measured at fair value on a recurring basis $ — $ 2,543,505 $ — $ 2,543,505 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 8,218 $ 24,039 $ 32,257 Assets measured at fair value on a nonrecurring basis Other investments $ — $ — $ 9,541 $ 9,541 Other real estate owned — — 3,061 3,061 Loans held for sale — 197,541 — 197,541 Total assets measured at fair value on a nonrecurring basis $ — $ 197,541 $ 12,602 $ 210,143 Fair value is based on quoted market prices, where available. If such quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include unobservable parameters. The Company's valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While the Company believes its valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Available-for-sale securities Securities classified as available-for-sale are reported at fair value using Level 2 inputs. The Company believes that this Level 2 designation is appropriate under ASC 820-10, as these securities are GSEs and GNMA securities with almost all fixed income securities, none are exchange traded, and all are priced by correlation to observed market data. For these securities the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors. Other investments Other investments includes equity investments with and without readily determinable fair values and equity method investments, which are categorized as Level 1 and Level 3. The Company's equity investments with a readily determinable fair value are held at fair value. The Company’s equity investments without readily determinable fair values are held at cost, and are adjusted for any observable transactions during the reporting period and its equity method investments are initially recorded at cost based on the Company’s percentage ownership in the investee, and are adjusted to reflect the recognition of the Company’s proportionate share of income or loss of the investee based on the investee’s earnings. Other real estate owned Other real estate owned consists of loan collateral which has been repossessed through foreclosure or other measures. Initially, foreclosed assets are recorded at the fair value of the collateral less estimated selling costs. Subsequent to foreclosure, valuations are updated periodically and the assets may be marked down further, reflecting a new cost basis. The fair value of other real estate owned was estimated using Level 3 inputs based on appraisals obtained from third parties. Loans held for sale The fair value of loans held for sale is based on estimates using Level 2 inputs. These inputs are based on pricing information obtained from wholesale mortgage banks and brokers and applied to loans with similar interest rates and maturities. Other assets Other assets include the fair value of interest rate products and derivatives on the residential mortgage held for sale loan pipeline. Valuation of interest rate products is obtained from an independent pricing service and also from the derivative counterparty. Valuation of the derivative related to the residential mortgage held for sale loan pipeline is based on valuation of the loans held for sale portfolio as described above in Loans held for sale . Other liabilities Other liabilities include the fair value of interest rate products, derivatives on the residential mortgage held for sale loan pipeline and derivative related to the sale of certain Visa Class B common shares. Valuation of interest rate products is obtained from an independent pricing service and also from the derivative counterparty. Valuation of the derivative related to the residential mortgage held for sale loan pipeline is based on valuation of the loans held for sale portfolio as described above in Loans held for sale. Valuation of the derivative related to the sale of certain Visa Class B common shares is based on: (i) the agreed upon graduated fee structure; (ii) the length of time until the resolution of the Visa covered litigation; and (iii) the estimated impact of dilution in the conversion ratio of Class B shares resulting from changes in the Visa covered litigation. FAIR VALUE OF FINANCIAL INSTRUMENTS The reported fair values of financial instruments are based on a variety of factors. In certain cases, fair values represent quoted market prices for identical or comparable instruments. In other cases, fair values have been estimated based on assumptions regarding the amount and timing of estimated future cash flows that are discounted to reflect current market rates and varying degrees of risk. Accordingly, the fair values may not represent actual values of the financial instruments that could have been realized as of period-end or that will be realized in the future. The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash, cash equivalents, and restricted cash For cash and short-term investment securities, including due from banks, federal funds sold or purchased under agreements to resell and interest-bearing deposits with other banks, the carrying amount is a reasonable estimate of fair value. Investment securities Investment securities include debt securities classified as held-to-maturity or available-for-sale. Fair value is estimated using quoted prices for similar securities, which the Company obtains from a third party vendor. The Company uses one of the largest providers of securities pricing to the industry and management periodically assesses the inputs used by this vendor to price the various types of securities owned by the Company to validate the vendor’s methodology as described above in available-for-sale securities. Other investments Other investments includes equity investments with and without readily determinable fair values (see discussion in “Fair Value of Financial Assets and Liabilities” section above). Loans held for sale Loans held for sale are carried at their fair value (see discussion in “Fair Value of Financial Assets and Liabilities” section above). Loans and leases Fair values are estimated for portfolios of loans with similar financial characteristics. Loans and leases are segregated by portfolio segments. For loans that reprice frequently, the book value approximates fair value. The fair values of other types of loans, with the exception of reverse mortgages, are estimated by discounting expected cash flows using the current rates at which similar loans would be made to borrowers with comparable credit ratings and for similar remaining maturities. The fair values of reverse mortgages are based on the net present value of the expected cash flows using a discount rate specific to the reverse mortgages portfolio. The fair value of nonperforming loans is based on recent external appraisals of the underlying collateral, if the loan is collateral dependent. Estimated cash flows, discounted using a rate commensurate with current rates and the risk associated with the estimated cash flows, are used if appraisals are not available. This technique does contemplate an exit price. Stock in the Federal Home Loan Bank (FHLB) of Pittsburgh The fair value of FHLB stock is assumed to be equal to its cost basis, since the stock is non-marketable but redeemable at its par value. Accrued interest receivable The carrying amounts of interest receivable approximate fair value. Other assets Other assets include the fair value of interest rate products and derivatives on the residential mortgage held for sale loan pipeline (see discussion in “Fair Value of Financial Assets and Liabilities” section above). Deposits The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, money market and interest-bearing demand deposits, is assumed to be equal to the amount payable on demand. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using rates currently offered for deposits with comparable remaining maturities. Borrowed funds Rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt. Off-balance sheet instruments The fair value of off-balance sheet instruments, including swap guarantees of $13.0 million at June 30, 2021 and $12.8 million at December 31, 2020, respectively, and standby letters of credit, approximates the recorded net deferred fee amounts. Because letters of credit are generally not assignable by either the Company or the borrower, they only have value to the Company and the borrower. In determining the fair value of the swap guarantees, the Company assesses the underlying credit risk exposure for each borrower in a paying position to the third-party financial institution. Accrued interest payable The carrying amounts of interest payable approximate fair value. Other liabilities Other liabilities include the fair value of interest rate products, derivatives on the residential mortgage held for sale loan pipeline, and derivative related to the sale of certain Visa Class B common shares (see discussion in “Fair Value of Financial Assets and Liabilities” section above). Assets measured at fair value using significant unobservable inputs (Level 3) The following table provides a description of the valuation technique and significant unobservable inputs for the Company's assets classified as Level 3 and measured at fair value on a nonrecurring basis: June 30, 2021 Financial Instrument Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) Other investments $ 15,648 Observed market comparable transactions Period of observed transactions May 2021 Other real estate owned 1,044 Fair market value of collateral Costs to sell 10.0% Other liabilities 22,145 Discounted cash flow Timing of Visa litigation resolution 2.25 - 7.25 years (5.00 years or 4Q 2025) The book value and estimated fair value of the Company's financial instruments are as follows: June 30, 2021 December 31, 2020 (Dollars in thousands) Fair Value Book Value Fair Value Book Value Fair Value Financial assets: Cash, cash equivalents, and restricted cash Level 1 $ 2,421,113 $ 2,421,113 $ 1,654,735 $ 1,654,735 Investment securities available-for-sale Level 2 3,366,579 3,366,579 2,529,057 2,529,057 Investment securities held-to-maturity, net Level 2 95,126 99,266 111,741 116,421 Other investments Levels 1, 3 15,648 15,648 9,541 9,541 Loans, held for sale Level 2 113,173 113,173 197,541 197,541 Loans and leases, net (1) Level 3 8,131,846 8,208,084 8,795,935 9,130,003 Stock in FHLB of Pittsburgh Level 2 6,090 6,090 5,771 5,771 Accrued interest receivable Level 2 40,275 40,275 44,335 44,335 Other assets Level 2 8,606 8,606 14,448 14,448 Financial liabilities: Deposits Level 2 12,726,845 12,734,333 11,856,664 11,868,897 Borrowed funds Level 2 236,470 224,106 340,641 340,106 Standby letters of credit Level 3 586 586 630 630 Accrued interest payable Level 2 1,977 1,977 1,450 1,450 Other liabilities Levels 2, 3 26,609 26,609 32,257 32,257 (1) Includes reverse mortgage loans. At June 30, 2021 and December 31, 2020 the Company had no commitments to extend credit measured at fair value.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	14. DERIVATIVE FINANCIAL INSTRUMENTS Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both economic conditions and its business operations. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities. The Company manages a matched book with respect to its derivative instruments in order to minimize its net risk exposure resulting from such transactions. Fair Values of Derivative Instruments The table below presents the fair value of derivative financial instruments as well as their location on the unaudited Consolidated Statements of Financial Condition as of June 30, 2021. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 57,781 Other assets $ 3,754 Interest rate products 57,781 Other liabilities (4,034) Risk participation agreements 4,293 Other liabilities (5) Interest rate lock commitments with customers 182,616 Other assets 4,342 Interest rate lock commitments with customers 10,406 Other liabilities (202) Forward sale commitments 85,611 Other assets 510 Forward sale commitments 82,268 Other liabilities (223) Financial derivatives related to 113,177 Other liabilities (22,145) Total derivatives $ 593,933 $ (18,003) The table below presents the fair value of derivative financial instruments as well as their location on the Consolidated Statements of Financial Condition as of December 31, 2020. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 61,326 Other assets $ 5,369 Interest rate products 61,326 Other liabilities (5,851) Risk participation agreements 4,372 Other liabilities (10) Interest rate lock commitments with customers 244,037 Other assets 8,496 Interest rate lock commitments with customers 8,413 Other liabilities (117) Forward sale commitments 50,705 Other assets 583 Forward sale commitments 258,186 Other liabilities (2,240) Financial derivatives related to 113,177 Other liabilities (24,039) Total derivatives $ 801,542 $ (17,809) Derivatives Designated as Hedging Instruments: Cash Flow Hedges of Interest Rate Risk The Company's objectives in using interest rate derivatives are to add stability to interest income and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of fixed amounts from a counterparty in exchange for the Company making variable-rate payments over the life of the agreements without exchange of the underlying notional amount. Changes to the fair value of derivatives designated and that qualify as cash flow hedges are recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecast transaction affects earnings. During the first half of 2020, such derivatives were used to hedge the variable cash flows associated with a variable rate loan pool. In 2020, the Company terminated its three interest rate derivatives that were designated as cash flow hedges for a net gain of $1.3 million, recognized in accumulated other comprehensive income (loss). Hedge accounting was discontinued, and the net gain in accumulated comprehensive income (loss) is reclassified into earnings when the transaction affects earnings. As the underlying hedged transaction continues to be probable, the $1.3 million net gain will be recognized into earnings on a straight-line basis over each derivative's original contract term. During the next twelve months, the Company estimates that $0.3 million will be reclassified as an increase to interest income. During the three and six months ended June 30, 2021, $0.1 million and $0.3 million, respectively, was reclassified into interest income. The table below presents the effect of the cash flow hedges on the unaudited Consolidated Statements of Income for three and six months ended June 30, 2020. Amount of Gain Recognized in OCI on Derivative (Effective Portion) Amount of Gain Recognized in OCI on Derivative (Effective Portion) Location of Gain Reclassified from Accumulated OCI into Income (Effective Portion) (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Derivatives in cash flow hedging relationships 2020 2020 Interest rate products $ (25) $ 1,560 Interest income Total $ (25) $ 1,560 Derivatives Not Designated as Hedging Instruments: Back-to-Back Swap Transactions The Company entered into agreements with two unrelated financial institutions whereby the Company enters into an interest rate swap transaction with the customer and offsets that transaction with another counterparty. Derivative financial instruments related to back-to-back swaps are recorded at fair value and are not designated as accounting hedges. Swap Guarantees The Company entered into agreements with four unrelated financial institutions whereby those financial institutions entered into interest rate derivative contracts (interest rate swap transactions) directly with customers referred to them by the Company. Under the terms of the agreements, those financial institutions have recourse to us for any exposure created under each swap transaction, only in the event that the customer defaults on the swap agreement and the agreement is in a paying position to the third-party financial institution. This is a customary arrangement that allows us to provide access to interest rate swap transactions for our customers without creating the swap ourselves. These swap guarantees are accounted for as credit derivatives. At June 30, 2021 and December 31, 2020, there were 248 and 234 variable-rate to fixed-rate swap transactions between the third-party financial institutions and the Company's customers, respectively. The initial notional aggregate amount was approximately $1.1 billion at both June 30, 2021 and December 31, 2020. At June 30, 2021, the swap transactions remaining maturities ranged from under 1 year to 14 years. At June 30, 2021, 206 of these customer swaps were in a paying position to third parties for $50.2 million, with our swap guarantees having a fair value of $13.0 million. At December 31, 2020, 231 of these customer swaps were in a paying position to third parties for $81.6 million, with the Company's swap guarantees having a fair value of $12.8 million. However, for both periods, none of the Company's customers were in default of the swap agreements. Derivative Financial Instruments from Mortgage Banking Activities Derivative financial instruments related to mortgage banking activities are recorded at fair value and are not designated as accounting hedges. This includes commitments to originate certain fixed-rate residential mortgage loans to customers, also referred to as interest rate lock commitments. The Company may also enter into forward sale commitments to sell loans to investors at a fixed price at a future date and trade asset-backed securities to mitigate interest rate risk. The table below presents the effect of the derivative financial instruments on the unaudited Consolidated Statements of Income for the three and six months ended June 30, 2021 and June 30, 2020. Amount of (Loss) or Gain Recognized in Income Amount of (Loss) Recognized in Income Location of Gain or (Loss) Recognized in Income (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Derivatives not designated as hedging instruments 2021 2020 2021 2020 Interest rate lock commitments with customers $ (823) $ 3,178 $ (4,087) $ 6,227 Mortgage banking activities, net Forward sale commitments (2,742) (2,439) 3,382 $ (6,484) Mortgage banking activities, net Total $ (3,565) $ 739 $ (705) $ (257) Credit-risk-related Contingent Features The Company has agreements with certain derivative counterparties that contain a provision under which, if it defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company has minimum collateral posting thresholds with certain of its derivative counterparties, and has posted collateral of $6.5 million in securities and $6.1 million in cash against its obligations under these agreements. If the Company had breached any of these provisions at June 30, 2021, it could have been required to settle its obligations under the agreements at the termination value.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	15. SEGMENT INFORMATION As defined in ASC 280, Segment Reporting (ASC 280), an operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the enterprise’s chief operating decision makers to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The Company evaluates performance based on pretax net income relative to resources used, and allocate resources based on these results. The accounting policies applicable to the Company's segments are those that apply to its preparation of the accompanying unaudited Consolidated Financial Statements. Based on these criteria, the Company has identified three segments: WSFS Bank, Cash Connect ® , and Wealth Management. The WSFS Bank segment provides financial products to commercial and retail customers. Retail and Commercial Banking, Commercial Real Estate Lending and other banking business units are operating departments of WSFS Bank. These departments share the same regulator, the same market, many of the same customers and provide similar products and services through the general infrastructure of the Bank. Accordingly, these departments are not considered discrete segments and are appropriately aggregated in the WSFS Bank segment. The Company's Cash Connect ® segment provides ATM vault cash, smart safe and other cash logistics services through strategic partnerships with several of the largest networks, manufacturers and service providers in the ATM industry. Cash Connect ® services non-bank and WSFS-branded ATMs and retail safes nationwide. The balance sheet category Cash in non-owned ATMs includes cash from which fee income is earned through bailment arrangements with customers of Cash Connect ® . The Wealth Management segment provides a broad array of planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate, and institutional clients through multiple integrated businesses. WSFS Wealth ® Investments provides financial advisory services along with insurance and brokerage products. Cypress, a registered investment adviser, is a fee-only wealth management firm managing a “balanced” investment style portfolio focused on preservation of capital and generating current income. West Capital, a registered investment adviser, is a fee-only wealth management firm operating under a multi-family office philosophy to provide customized solutions to institutions and high-net-worth individuals. The trust division of WSFS, comprised of WSFS Institutional Services ® and Christiana Trust DE, provides trustee, agency, bankruptcy administration, custodial and commercial domicile services to institutional and corporate clients. Christiana Trust DE also provides personal trust and fiduciary services to families and individuals across the U.S. Powdermill ® is a multi-family office specializing in providing independent solutions to high-net-worth individuals, families and corporate executives through a coordinated, centralized approach. WSFS Wealth Client Management serves high-net-worth clients by delivering credit and deposit products and partnering with other Wealth Management units to provide comprehensive solutions to clients. The following tables show segment results for the three and six months ended June 30, 2021 and 2020: Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Total WSFS Bank Cash Connect ® Wealth Total Statements of Income External customer revenues: Interest income $ 110,725 $ — $ 2,177 $ 112,902 $ 123,710 $ — $ 2,173 $ 125,883 Noninterest income 22,282 11,213 15,523 49,018 44,304 9,008 11,063 64,375 Total external customer revenues 133,007 11,213 17,700 161,920 168,014 9,008 13,236 190,258 Inter-segment revenues: Interest income 842 328 3,031 4,201 937 237 2,442 3,616 Noninterest income 3,790 316 515 4,621 3,542 188 347 4,077 Total inter-segment revenues 4,632 644 3,546 8,822 4,479 425 2,789 7,693 Total revenue 137,639 11,857 21,246 170,742 172,493 9,433 16,025 197,951 External customer expenses: Interest expense 5,983 — 170 6,153 11,659 — 468 12,127 Noninterest expenses 80,480 7,288 8,264 96,032 79,789 6,413 7,233 93,435 (Recovery of) provision for credit losses (66,385) — (1,178) (67,563) 93,819 — 935 94,754 Total external customer expenses 20,078 7,288 7,256 34,622 185,267 6,413 8,636 200,316 Inter-segment expenses: Interest expense 3,359 207 635 4,201 2,679 131 806 3,616 Noninterest expenses 831 1,104 2,686 4,621 535 899 2,643 4,077 Total inter-segment expenses 4,190 1,311 3,321 8,822 3,214 1,030 3,449 7,693 Total expenses 24,268 8,599 10,577 43,444 188,481 7,443 12,085 208,009 Income (loss) before taxes $ 113,371 $ 3,258 $ 10,669 $ 127,298 $ (15,988) $ 1,990 $ 3,940 $ (10,058) Income tax provision (benefit) 31,687 (2,247) Consolidated net income (loss) 95,611 (7,811) Net loss attributable to noncontrolling interest (56) (700) Net income (loss) attributable to WSFS $ 95,667 $ (7,111) Supplemental Information Capital expenditures for the period ended $ 1,735 $ — $ — $ 1,735 $ 155 $ 45 $ 99 $ 299 Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Total WSFS Bank Cash Connect ® Wealth Total Statements of Income External customer revenues: Interest income $ 229,856 $ — $ 4,327 $ 234,183 $ 255,019 $ — $ 4,719 $ 259,738 Noninterest income 45,630 20,915 30,295 96,840 62,376 20,687 22,159 105,222 Total external customer revenues 275,486 20,915 34,622 331,023 317,395 20,687 26,878 364,960 Inter-segment revenues: Interest income 1,686 597 5,726 8,009 2,880 237 5,291 8,408 Noninterest income 7,485 602 916 9,003 6,449 417 520 7,386 Total inter-segment revenues 9,171 1,199 6,642 17,012 9,329 654 5,811 15,794 Total revenue 284,657 22,114 41,264 348,035 326,724 21,341 32,689 380,754 External customer expenses: Interest expense 12,887 — 362 13,249 28,406 — 1,426 29,832 Noninterest expenses 161,024 14,586 16,041 191,651 152,874 14,636 14,421 181,931 (Recovery of) provision for credit losses (85,978) — (1,745) (87,723) 148,853 — 2,547 151,400 Total external customer expenses 87,933 14,586 14,658 117,177 330,133 14,636 18,394 363,163 Inter-segment expenses: Interest expense 6,323 387 1,299 8,009 5,528 1,085 1,795 8,408 Noninterest expenses 1,518 2,191 5,294 9,003 937 1,640 4,809 7,386 Total inter-segment expenses 7,841 2,578 6,593 17,012 6,465 2,725 6,604 15,794 Total expenses 95,774 17,164 21,251 134,189 336,598 17,361 24,998 378,957 Income (loss) before taxes $ 188,883 $ 4,950 $ 20,013 $ 213,846 $ (9,874) $ 3,980 $ 7,691 $ 1,797 Income tax provision (benefit) 53,094 (959) Consolidated net income 160,752 2,756 Net income (loss) attributable to noncontrolling interest 3 (1,060) Net income attributable to WSFS 160,749 3,816 Supplemental Information Capital expenditures for the period ended $ 3,005 $ — $ — $ 3,005 $ 2,437 $ 256 $ 137 $ 2,830 The following table shows significant components of segment net assets as of June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Total WSFS Bank Cash Connect ® Wealth Total Statements of Financial Condition Cash and cash equivalents $ 1,945,167 $ 465,667 $ 10,279 $ 2,421,113 $ 1,246,394 $ 397,878 $ 10,463 $ 1,654,735 Goodwill 452,629 — 20,199 472,828 452,629 — 20,199 472,828 Other segment assets 12,007,263 5,845 241,812 12,254,920 11,963,345 6,997 236,009 12,206,351 Total segment assets $ 14,405,059 $ 471,512 $ 272,290 $ 15,148,861 $ 13,662,368 $ 404,875 $ 266,671 $ 14,333,914

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES Secondary Market Loan Sales The Company typically sells newly originated residential mortgage loans in the secondary market to mortgage loan aggregators and on a more limited basis, to GSEs such as FHLMC, FNMA, and the FHLB. Loans held for sale are reflected on the unaudited Consolidated Statements of Financial Condition at fair value with changes in the value reflected in the unaudited Consolidated Statements of Income. Gains and losses are recognized at the time of sale. The Company periodically retains the servicing rights on residential mortgage loans sold which results in monthly service fee income. The mortgage servicing rights are included in Intangible assets in the unaudited Consolidated Statements of Financial Condition. Otherwise, the Company sells loans with servicing released on a nonrecourse basis. Rate-locked loan commitments that the Company intends to sell in the secondary market are accounted for as derivatives under ASC 815, Derivatives and Hedging (ASC 815) . The Company does not sell loans with recourse, except for standard loan sale contract provisions covering violations of representations and warranties and, under certain circumstances, early payment default by the borrower. These are customary repurchase provisions in the secondary market for residential mortgage loan sales. These provisions may include either an indemnification from loss or the repurchase of the loans. Repurchases and losses have been rare and no provision is made for losses at the time of sale. There were no repurchases during the six months ended June 30, 2021 and 2020. Unfunded Lending Commitments At June 30, 2021 and December 31, 2020, the allowance for credit losses of unfunded lending commitments were $8.1 million and $8.2 million, respectively. A provision release of $0.8 million and $0.2 million was recognized during the three and six months ended June 30, 2021, respectively, and a provision expense for unfunded lending commitments of $3.4 million and $3.3 million was recognized during the three and six months ended June 30, 2020, respectively.

CHANGE IN ACCUMULATED OTHER COM

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	17. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME Accumulated other comprehensive income includes unrealized gains and losses on available-for-sale investments, unrealized gains and losses on cash flow hedges, as well as unrecognized prior service costs, transition costs, and actuarial gains and losses on defined benefit pension plans. Changes to accumulated other comprehensive income are presented, net of tax, as a component of stockholders’ equity. Amounts that are reclassified out of accumulated other comprehensive income are recorded on the unaudited Consolidated Statement of Income either as a gain or loss. Changes to accumulated other comprehensive income by component are shown, net of taxes, in the following tables for the period indicated: (Dollars in thousands) Net change in Net change Net Net change in fair value of derivatives used for cash flow hedges (1) Net change in equity method investments Total Balance, March 31, 2021 $ (9,957) $ 260 $ (4,804) $ 535 $ 264 $ (13,702) Other comprehensive income (loss) before reclassifications 24,104 — (9) — — 24,095 Less: Amounts reclassified from accumulated other comprehensive income — (28) (15) (112) — (155) Net current-period other comprehensive income (loss) 24,104 (28) (24) (112) — 23,940 Balance, June 30, 2021 $ 14,147 $ 232 $ (4,828) $ 423 $ 264 $ 10,238 Balance, March 31, 2020 $ 72,436 $ 403 $ (3,313) $ 1,008 $ — $ 70,534 Other comprehensive income (loss) before reclassifications 3,703 — 7 (25) — 3,685 Less: Amounts reclassified from accumulated other comprehensive loss (1,450) (57) 179 (111) — (1,439) Net current-period other comprehensive income (loss) 2,253 (57) 186 (136) — 2,246 Balance, June 30, 2020 $ 74,689 $ 346 $ (3,127) $ 872 $ — $ 72,780 (1) Cash flow hedges were terminated as of April 1, 2020 (Dollars in thousands) Net change in Net change Net Net change in fair value of derivatives used for cash flow hedges (1) Net change in equity method investments Total Balance, December 31, 2020 $ 59,882 $ 276 $ (4,788) $ 646 $ (9) $ 56,007 Other comprehensive (loss) income before reclassifications (45,485) — (9) — 273 (45,221) Less: Amounts reclassified from accumulated other comprehensive income (250) (44) (31) (223) — (548) Net current-period other comprehensive (loss) income (45,735) (44) (40) (223) 273 (45,769) Balance, June 30, 2021 $ 14,147 $ 232 $ (4,828) $ 423 $ 264 $ 10,238 Balance, December 31, 2019 $ 26,927 $ 468 $ (3,317) $ (577) $ — $ 23,501 Other comprehensive income before reclassifications 49,739 — 43 1,560 — 51,342 Less: Amounts reclassified from accumulated other comprehensive (loss) income (1,977) (122) 147 (111) — (2,063) Net current-period other comprehensive income (loss) 47,762 (122) 190 1,449 — 49,279 Balance, June 30, 2020 $ 74,689 $ 346 $ (3,127) $ 872 $ — $ 72,780 (1) Cash flow hedges were terminated as of April 1, 2020 The unaudited Consolidated Statements of Income were impacted by components of other comprehensive income (loss) as shown in the tables below: Three Months Ended June 30, Affected line item in unaudited Consolidated Statements of Income (Dollars in thousands) 2021 2020 Securities available for sale: Realized gains on securities transactions $ — $ (1,908) Securities gains, net Income taxes — 458 Income tax provision Net of tax $ — $ (1,450) Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity: Amortization of net unrealized gains to income during the period $ (37) $ (75) Interest and dividends on investment securities Income taxes 9 18 Income tax provision Net of tax $ (28) $ (57) Amortization of defined benefit pension plan-related items: Prior service credits $ (22) $ (19) Actuarial losses (gains) 2 (24) Total before tax $ (20) $ (43) Salaries, benefits and other compensation Income taxes 5 10 Income tax provision Net of tax $ (15) $ (33) Defined benefit pension plan settlement: Realized losses on plan settlement $ — $ 279 Other operating expense Income taxes — (67) Income tax provision Net of tax $ — $ 212 Net unrealized gains on terminated cash flow hedges: Amortization of net unrealized gains to income during the period $ (147) $ (146) Interest and fees on loans and leases Income taxes 35 35 Income tax provision Net of tax $ (112) $ (111) Total reclassifications $ (155) $ (1,439) Six Months Ended June 30, Affected line item in unaudited Consolidated Statements of Operations 2021 2020 Securities available-for-sale: Realized gains on securities transactions $ (329) $ (2,601) Securities gains, net Income taxes 79 624 Income tax provision Net of tax $ (250) $ (1,977) Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity: Amortization of net unrealized gains to income during the period $ (58) $ (160) Interest and dividends on investment securities Income taxes 14 38 Income tax provision Net of tax $ (44) $ (122) Amortization of defined benefit pension plan-related items: Prior service credits $ (44) $ (38) Actuarial gains 3 (48) Total before tax $ (41) $ (86) Salaries, benefits and other compensation Income taxes 10 21 Income tax provision Net of tax $ (31) $ (65) Defined benefit pension plan settlement: Realized losses on plan settlement $ — $ 279 Other operating expense Income taxes — (67) Income tax provision Net of tax $ — $ 212 Net unrealized gains on terminated cash flow hedges: Amortization of net unrealized gains to income during the period $ (293) $ (146) Interest and fees on loans and leases Income taxes 70 35 Income tax provision Net of tax $ (223) $ (111) Total reclassifications $ (548) $ (2,063)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	18. RELATED PARTY TRANSACTIONS In the ordinary course of business, from time to time the Company enters into transactions with related parties, including, but not limited to, its officers and directors. These transactions are made on substantially the same terms and conditions, including interest rates and collateral requirements, as those prevailing at the same time for comparable transactions with other customers. They do not, in the opinion of management, involve greater than normal credit risk or include other features unfavorable to the Company. Any related party loans exceeding $0.5 million require review and approval by the Board of Directors. During the three and six months ended June 30, 2021, there were no loans originated to related parties exceeding $0.5 million. During the three and six months ended June 30, 2020, there were two loans originated to related parties exceeding $0.5 million, both of which were sold during the second quarter of 2020.

LEGAL AND OTHER PROCEEDINGS

LEGAL AND OTHER PROCEEDINGS	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
LEGAL AND OTHER PROCEEDINGS	19. LEGAL AND OTHER PROCEEDINGS In accordance with the current accounting standards for loss contingencies, the Company establishes reserves for litigation-related matters that arise in the ordinary course of its business activities when it is probable that a loss associated with a claim or proceeding has been incurred and the amount of the loss can be reasonably estimated. Litigation claims and proceedings of all types are subject to many uncertain factors that generally cannot be predicted with assurance. In addition, the Company's defense of litigation claims may result in legal fees, which it expenses as incurred. As previously disclosed, on February 27, 2018, the Company entered into a settlement agreement with Universitas Education, LLC (Universitas) to resolve arbitration claims related to services provided by Christiana Bank and Trust Company (CB&T) prior to its acquisition by WSFS in December 2010. In accordance with the litigation settlement, the Company paid Universitas $12.0 million to fully settle the claims. During the third quarter of 2018, WSFS recovered $7.9 million in settlement and legal costs from insurance carriers that provided coverage relating to the Universitas matter. WSFS is pursuing all of its rights and remedies to recover the remaining amounts relating to the Universitas proceeding, including the Universitas settlement payment, legal fees and related costs, by enforcing the indemnity right in the 2010 purchase agreement by which WSFS acquired CB&T. During the second quarter of 2021, the court hearing WSFS' claim for indemnification granted WSFS' motion for summary judgement on the issue of liability against the counterparty to the purchase agreement. The court has not yet scheduled trial on damages owed to WSFS. In March 2017, Nature’s Healing Trust (NHT) filed a complaint against WSFS Bank in the Delaware Court of Chancery. NHT asserts that WSFS Bank failed to provide timely notice concerning the possible lapse of two life settlement policies (aggregate face amount of $6.3 million) held in the trust. NHT asserts claims against WSFS Bank for breach of contract, breach of fiduciary duty, and negligence, and seeks the face value of the policies. WSFS Bank disputed the factual allegations and denied liability. There were no material changes or additions to other significant pending legal or other proceedings involving the Company other than those arising out of routine operations.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	20. SUBSEQUENT EVENTS The Company evaluated subsequent events in accordance with ASC Topic 855 and determined that the following qualifies as a non-recognized subsequent event: Resolution of NHT Legal Proceeding On August 5, 2021, WSFS Bank reached a settlement with NHT. Under the settlement, WSFS will pay no damages, and the parties have agreed to dismiss and release all of their claims against each other. The parties will bear their own attorney's fees and costs.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation In preparing the unaudited Consolidated Financial Statements, the Company is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Amounts subject to significant estimates include the allowance for credit losses (including loans and leases held for investment, investment securities available-for-sale and held-to-maturity), lending-related commitments, goodwill, intangible assets, post-retirement benefit obligations, the fair value of financial instruments, and income taxes. Among other effects, changes to these estimates could result in future impairments of investment securities, goodwill and intangible assets, the establishment of additional allowance and lending-related commitment reserves as well as increased post-retirement benefits expense. The Company's accounting and reporting policies conform to Generally Accepted Accounting Principles in the U.S. (GAAP), prevailing practices within the banking industry for interim financial information and Rule 10-01 of SEC Regulation S-X (Rule 10-01). Rule 10-01 does not require us to include all information and notes that would be required in audited financial statements. Certain prior period amounts have been reclassified to conform with current period presentation. Operating results for the periods presented are not necessarily indicative of the results that may be expected for any future quarters or for the year ending December 31, 2021. These unaudited, interim Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and related notes included in the Annual Report on Form 10-K for the year ended December 31, 2020 (the 2020 Annual Report on Form 10-K) that was filed with the SEC on March 1, 2021 and is available at www.sec.gov or on the website at www.wsfsbank.com . All significant intercompany accounts and transactions were eliminated in consolidation.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS Accounting Guidance Adopted in 2021 ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes : In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The guidance adds new amendments to simplify income tax accounting and removes certain exceptions and modifies the accounting for certain income tax transactions. The guidance is effective for annual periods beginning after December 15, 2020. Early adoption is permitted. Adoption is required on a prospective, modified-retrospective or retrospective basis, depending on the amendment. The Company adopted this standard on January 1, 2021, on a prospective basis with no impact to the Consolidated Financial Statements at the time of adoption. ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815: In January 2020, the FASB issued ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 . The new guidance clarifies that observable transactions under the measurement alternative method (ASC 321) should be considered when applying or discontinuing the equity method of accounting (ASC 323). The guidance also clarifies that certain non-derivative forward contracts and purchase call options to acquire securities, should be measured at fair value before settlement or exercise. The guidance is effective for annual periods beginning after December 15, 2020. Early adoption is permitted. Use of the prospective method is required. The Company adopted this standard on January 1, 2021, on a prospective basis with no impact to the Consolidated Financial Statements at the time of adoption. ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope: In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope. The new guidance expands and clarifies the scope of ASU No. 2020-04 to include derivatives affected by changes in interest rates used for margining, discounting, or contract price alignment, commonly referred to as the “discounting transaction.” Derivatives impacted by the discounting transaction will be eligible for certain optional expedients and exceptions related to contract modifications and hedge accounting as defined in Topic 848. The guidance is effective upon issuance through December 31, 2022 and there was no impact to the Company at the time the guidance became effective. The Company will apply this guidance to any derivatives affected by the discounting transaction due to reference rate reform. There was no accounting guidance pending adoption at June 30, 2021.

NONINTEREST INCOME (Tables)

NONINTEREST INCOME (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Credit/debit Card and ATM Income	The following table presents the components of credit/debit card and ATM income: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Bailment fees $ 3,320 $ 3,080 $ 6,379 $ 8,161 Interchange fees 3,485 5,631 6,540 11,247 Other card and ATM fees 762 595 1,453 1,257 Total credit/debit card and ATM income $ 7,567 $ 9,306 $ 14,372 $ 20,665
Schedule of Investment Management and Fiduciary Income	The following table presents the components of investment management and fiduciary income: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Trust fees $ 10,808 $ 7,308 $ 20,572 $ 14,262 Wealth management and advisory fees 4,552 3,621 9,041 7,629 Total investment management and fiduciary income $ 15,360 $ 10,929 $ 29,613 $ 21,891
Schedule of Deposit Service Charges	The following table presents the components of deposit service charges: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Service fees $ 3,553 $ 2,919 $ 6,975 $ 6,130 Return and overdraft fees 1,504 1,134 3,082 3,466 Other deposit service fees 262 122 722 226 Total deposit service charges $ 5,319 $ 4,175 $ 10,779 $ 9,822
Schedule of Other Income	The following table presents the components of other income: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Managed service fees $ 4,504 $ 3,724 $ 8,113 $ 7,755 Currency preparation 1,160 919 2,108 1,759 ATM loss protection 628 571 1,250 1,218 Miscellaneous products and services 2,341 766 5,847 2,201 Total other income $ 8,633 $ 5,980 $ 17,318 $ 12,933

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table shows the computation of basic and diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, (Dollars and shares in thousands, except per share data) 2021 2020 2021 2020 Numerator: Net income (loss) attributable to WSFS $ 95,667 $ (7,111) $ 160,749 $ 3,816 Denominator: Weighted average basic shares 47,529 50,655 47,519 50,871 Dilutive potential common shares (1) 163 — 156 40 Weighted average fully diluted shares 47,692 50,655 $ 47,675 $ 50,911 Earnings (loss) per share: Basic $ 2.01 $ (0.14) $ 3.38 $ 0.08 Diluted $ 2.01 $ (0.14) $ 3.37 $ 0.07 Outstanding common stock equivalents having no dilutive effect — 48 1 15 (1) For the three months ended June 30, 2020, the effect of 14 thousand dilutive potential common shares were excluded from the computation of diluted net loss per common share, as these shares would have been antidilutive due to the net loss reported in this period

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The following tables detail the amortized cost, allowance for credit losses and the estimated fair value of the Company's investments in available-for-sale and held-to-maturity debt securities. None of the Company's investments in debt securities are classified as trading. June 30, 2021 (Dollars in thousands) Amortized Cost Gross Gross Allowance for Credit Losses Fair Available-for-Sale Debt Securities Collateralized mortgage obligation (CMO) $ 620,242 $ 7,532 $ 9,355 $ — $ 618,419 Fannie Mae (FNMA) MBS 2,310,453 36,274 16,940 — 2,329,787 Freddie Mac (FHLMC) MBS 163,691 8,529 222 — 171,998 Ginnie Mae (GNMA) MBS 21,713 736 47 — 22,402 Government-sponsored enterprises (GSEs) agency notes 231,867 — 7,894 — 223,973 $ 3,347,966 $ 53,071 $ 34,458 $ — $ 3,366,579 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 94,630 $ 4,140 $ — $ 5 $ 98,765 Foreign bonds 501 — — — 501 $ 95,131 $ 4,140 $ — $ 5 $ 99,266 (1) Held-to-maturity securities transferred from available-for-sale are included in held-to-maturity at amortized cost basis at the time of transfer. The amortized cost of transferred held-to-maturity securities included net unrealized gains of $0.3 million at June 30, 2021, which are offset in Accumulated other comprehensive income . At the time of transfer, there was no allowance for credit loss on the available-for-sale securities. Subsequent to transfer, the securities were evaluated for credit loss. December 31, 2020 (Dollars in thousands) Amortized Cost Gross Gross Allowance for Credit Losses Fair Available-for-Sale Debt Securities CMO $ 461,819 $ 9,949 $ 443 $ — $ 471,325 FNMA MBS 1,544,105 55,747 882 — 1,598,970 FHLMC MBS 190,856 12,142 105 — 202,893 GNMA MBS 22,716 1,046 — — 23,762 GSE agency notes 230,769 1,987 649 — 232,107 $ 2,450,265 $ 80,871 $ 2,079 $ — $ 2,529,057 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 111,246 $ 4,678 $ — $ 6 $ 115,918 Foreign bonds 501 2 — — 503 $ 111,747 $ 4,680 $ — $ 6 $ 116,421 (1) Held-to–maturity securities transferred from available-for-sale are included in held-to-maturity at fair value at the time of transfer. The amortized cost of transferred held-to-maturity securities included net unrealized gains of $0.4 million at December 31, 2020, which are offset in Accumulated other comprehensive income . At the time of transfer, there was no allowance for credit loss on the available-for-sale securities. Subsequent to transfer, the securities were evaluated for credit loss.
Debt Securities, Held-to-maturity	The following tables detail the amortized cost, allowance for credit losses and the estimated fair value of the Company's investments in available-for-sale and held-to-maturity debt securities. None of the Company's investments in debt securities are classified as trading. June 30, 2021 (Dollars in thousands) Amortized Cost Gross Gross Allowance for Credit Losses Fair Available-for-Sale Debt Securities Collateralized mortgage obligation (CMO) $ 620,242 $ 7,532 $ 9,355 $ — $ 618,419 Fannie Mae (FNMA) MBS 2,310,453 36,274 16,940 — 2,329,787 Freddie Mac (FHLMC) MBS 163,691 8,529 222 — 171,998 Ginnie Mae (GNMA) MBS 21,713 736 47 — 22,402 Government-sponsored enterprises (GSEs) agency notes 231,867 — 7,894 — 223,973 $ 3,347,966 $ 53,071 $ 34,458 $ — $ 3,366,579 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 94,630 $ 4,140 $ — $ 5 $ 98,765 Foreign bonds 501 — — — 501 $ 95,131 $ 4,140 $ — $ 5 $ 99,266 (1) Held-to-maturity securities transferred from available-for-sale are included in held-to-maturity at amortized cost basis at the time of transfer. The amortized cost of transferred held-to-maturity securities included net unrealized gains of $0.3 million at June 30, 2021, which are offset in Accumulated other comprehensive income . At the time of transfer, there was no allowance for credit loss on the available-for-sale securities. Subsequent to transfer, the securities were evaluated for credit loss. December 31, 2020 (Dollars in thousands) Amortized Cost Gross Gross Allowance for Credit Losses Fair Available-for-Sale Debt Securities CMO $ 461,819 $ 9,949 $ 443 $ — $ 471,325 FNMA MBS 1,544,105 55,747 882 — 1,598,970 FHLMC MBS 190,856 12,142 105 — 202,893 GNMA MBS 22,716 1,046 — — 23,762 GSE agency notes 230,769 1,987 649 — 232,107 $ 2,450,265 $ 80,871 $ 2,079 $ — $ 2,529,057 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 111,246 $ 4,678 $ — $ 6 $ 115,918 Foreign bonds 501 2 — — 503 $ 111,747 $ 4,680 $ — $ 6 $ 116,421 (1) Held-to–maturity securities transferred from available-for-sale are included in held-to-maturity at fair value at the time of transfer. The amortized cost of transferred held-to-maturity securities included net unrealized gains of $0.4 million at December 31, 2020, which are offset in Accumulated other comprehensive income . At the time of transfer, there was no allowance for credit loss on the available-for-sale securities. Subsequent to transfer, the securities were evaluated for credit loss. Three months ended June 30, Six months ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Allowance for credit losses: Beginning balance $ 5 $ — $ 6 $ — Impact of adoption ASC 326 — 8 — 8 Provision for credit losses — — (1) — Charge-offs, net — — — — Ending balance $ 5 $ 8 $ 5 $ 8
Schedule of Maturities of Investment Securities Available-for-Sale and Held-to-Maturity	The scheduled maturities of available-for-sale debt securities at June 30, 2021 and December 31, 2020 are presented in the table below: Available-for-Sale Amortized Fair (Dollars in thousands) Cost Value June 30, 2021 (1) Within one year $ — $ — After one year but within five years 70,221 73,851 After five years but within ten years 227,815 232,840 After ten years 3,049,930 3,059,888 $ 3,347,966 $ 3,366,579 December 31, 2020 (1) Within one year $ — $ — After one year but within five years 37,852 39,985 After five years but within ten years 239,845 251,874 After ten years 2,172,568 2,237,198 $ 2,450,265 $ 2,529,057 (1) Actual maturities could differ from contractual maturities. The scheduled maturities of held-to-maturity debt securities at June 30, 2021 and December 31, 2020 are presented in the table below: Held-to-Maturity Amortized Fair (Dollars in thousands) Cost Value June 30, 2021 (1) Within one year $ 1,126 $ 1,126 After one year but within five years 1,948 1,999 After five years but within ten years 40,620 42,066 After ten years 51,437 54,075 $ 95,131 $ 99,266 December 31, 2020 (1) Within one year $ 1,144 $ 1,154 After one year but within five years 972 990 After five years but within ten years 35,967 37,317 After ten years 73,664 76,960 $ 111,747 $ 116,421 (1) Actual maturities could differ from contractual maturities.
Schedule of Investment Securities' Gross Unrealized Losses and Fair Value by Investment Category	For debt securities in an unrealized loss position and an allowance has not been recorded, the table below shows the gross unrealized losses and fair value by investment category and length of time that individual debt securities were in a continuous unrealized loss position at June 30, 2021. Duration of Unrealized Loss Position Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss Available-for-sale debt securities: CMO $ 240,709 $ 9,355 $ — $ — $ 240,709 $ 9,355 FNMA MBS 1,234,215 16,939 1,547 1 1,235,762 16,940 FHLMC MBS 10,340 214 3,152 8 13,492 222 GNMA MBS 2,204 47 — — 2,204 47 GSE agency notes 223,973 7,894 — — 223,973 7,894 $ 1,711,441 $ 34,449 $ 4,699 $ 9 $ 1,716,140 $ 34,458 For debt securities in an unrealized loss position, the table below shows the gross unrealized losses and fair value by investment category and length of time that individual debt securities were in a continuous unrealized loss position at December 31, 2020. Duration of Unrealized Loss Position Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss Available-for-sale debt securities: CMO $ 183,983 $ 443 $ — $ — $ 183,983 $ 443 FNMA MBS 289,338 879 4,355 3 293,693 882 FHLMC MBS 5,191 105 — — 5,191 105 GSE agency notes 101,016 649 — — 101,016 649 $ 579,528 $ 2,076 $ 4,355 $ 3 $ 583,883 $ 2,079
Held-to-maturity, Credit Quality Indicator	The following table summarizes the amortized cost of debt securities held-to-maturity as of June 30, 2021, aggregated by credit quality indicator: (Dollars in thousands) State and political subdivisions Foreign bonds A+ rated or higher $ 94,504 $ 501 Not rated 126 — Ending balance $ 94,630 $ 501 The following table summarizes the amortized cost of debt securities held-to-maturity as of December 31, 2020, aggregated by credit quality indicator: (Dollars in thousands) State and political subdivisions Foreign bonds A+ rated or higher $ 110,959 $ 501 Not rated 287 — Ending balance $ 111,246 $ 501

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Summary of Loan Portfolio by Category	The following table shows the Company's loan and lease portfolio by category: (Dollars in thousands) June 30, 2021 December 31, 2020 Commercial and industrial (1) $ 2,088,040 $ 2,700,418 Owner-occupied commercial 1,360,681 1,332,727 Commercial mortgages 2,024,684 2,086,062 Construction 779,601 716,275 Commercial small business leases 291,657 248,885 Residential (2) 614,432 774,455 Consumer (3) 1,105,169 1,165,917 8,264,264 9,024,739 Less: Allowance for credit losses 132,418 228,804 Net loans and leases $ 8,131,846 $ 8,795,935 (1) Includes PPP loans of $222.9 million at June 30, 2021 and $751.2 million at December 31, 2020. (2) Includes reverse mortgages at fair value of $8.4 million at June 30, 2021 and $10.1 million at December 31, 2020. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.

ALLOWANCE FOR CREDIT LOSSES A_2

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Schedule of Allowance for Loan Losses and Loan Balances	The following tables provide the activity of allowance for credit losses and loan balances for the three and six months ended June 30, 2021 and 2020. During the first half of 2021, the decrease to the allowance for credit losses was primarily due to positive economic developments in our forecasts and improved credit quality metrics with declines in our problem assets, nonperforming assets and delinquencies. (Dollars in thousands) Commercial and Industrial (1) Owner-occupied Commercial Construction Residential (2) Consumer (3) Total Three months ended June 30, 2021 Allowance for credit losses Beginning balance $ 125,870 $ 9,617 $ 30,545 $ 14,287 $ 5,702 $ 18,797 $ 204,818 Charge-offs (6,512) (45) — — — (521) (7,078) Recoveries 1,379 15 30 — 455 362 2,241 Provision (credit) (33,534) (3,406) (14,476) (10,775) (2,864) (2,508) (67,563) Ending balance $ 87,203 $ 6,181 $ 16,099 $ 3,512 $ 3,293 $ 16,130 $ 132,418 Six months ended June 30, 2021 Allowance for credit losses Beginning balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Charge-offs (11,564) (45) — — — (945) (12,554) Recoveries 2,519 105 44 — 595 628 3,891 Provision (credit) (54,627) (3,494) (15,016) (8,678) (4,195) (1,713) (87,723) Ending balance $ 87,203 $ 6,181 $ 16,099 $ 3,512 $ 3,293 $ 16,130 $ 132,418 Period-end allowance allocated to: Loans evaluated on an individual basis $ 1 $ — $ 10 $ — $ — $ — $ 11 Loans evaluated on a collective basis 87,202 6,181 16,089 3,512 3,293 16,130 132,407 Ending balance $ 87,203 $ 6,181 $ 16,099 $ 3,512 $ 3,293 $ 16,130 $ 132,418 Period-end loan balances: Loans evaluated on an individual basis $ 14,446 $ 3,868 $ 3,962 $ 72 $ 4,994 $ 2,608 $ 29,950 Loans evaluated on a collective basis 2,365,251 1,356,813 2,020,722 779,529 601,064 1,102,561 8,225,940 Ending balance $ 2,379,697 $ 1,360,681 $ 2,024,684 $ 779,601 $ 606,058 $ 1,105,169 $ 8,255,890 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $8.4 million. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (Dollars in thousands) Commercial and Industrial (1) Owner - Commercial Construction Residential (2) Consumer (3) Total Three months ended June 30, 2020 Allowance for credit losses Beginning balance $ 65,771 $ 9,541 $ 26,600 $ 5,198 $ 11,593 $ 20,370 $ 139,073 Charge-offs (2,072) (53) — — (32) (667) (2,824) Recoveries 968 — 3 — 24 194 1,189 Provision (credit) 79,558 (532) 11,794 4,928 (2,414) 1,420 94,754 Ending balance $ 144,225 $ 8,956 $ 38,397 $ 10,126 $ 9,171 $ 21,317 $ 232,192 Six months ended June 30, 2020 Allowance for loan losses Beginning balance, prior to adoption of ASC 326 $ 22,849 $ 4,616 $ 7,452 $ 3,891 $ 1,381 $ 7,387 $ 47,576 Impact of adopting ASC 326 (4) 19,747 (1,472) 1,662 681 7,522 7,715 35,855 Charge-offs (5,136) (336) (51) — (175) (1,581) (7,279) Recoveries 3,815 125 32 5 115 548 4,640 Provision 102,950 6,023 29,302 5,549 328 7,248 151,400 Ending balance $ 144,225 $ 8,956 $ 38,397 $ 10,126 $ 9,171 $ 21,317 $ 232,192 Period-end allowance allocated to: Loans evaluated on an individual basis $ 18 $ — $ — $ — $ — $ — $ 18 Loans evaluated on a collective basis 144,207 8,956 38,397 10,126 9,171 21,317 232,174 Ending balance $ 144,225 $ 8,956 $ 38,397 $ 10,126 $ 9,171 $ 21,317 $ 232,192 Period-end loan balances: Loans evaluated on an individual basis $ 15,634 $ 5,425 $ 4,470 $ 88 $ 5,452 $ 2,464 $ 33,533 Loans evaluated on a collective basis 3,151,200 1,331,828 2,161,077 638,416 889,408 1,130,907 9,302,836 Ending balance $ 3,166,834 $ 1,337,253 $ 2,165,547 $ 638,504 $ 894,860 $ 1,133,371 $ 9,336,369 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $16.1 million. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (4) Includes $0.1 million for the initial allowance on loans purchased with credit deterioration.
Summary of Nonaccrual and Past Due Loans	June 30, 2021 (Dollars in thousands) 30–89 Days Greater Total Past Accruing Nonaccrual Loans (1) Total Commercial and industrial (2) $ 8,160 $ 482 $ 8,642 $ 2,356,794 $ 14,261 $ 2,379,697 Owner-occupied commercial 3,817 — 3,817 1,354,083 2,781 1,360,681 Commercial mortgages 3,000 — 3,000 2,020,069 1,615 2,024,684 Construction 7,383 — 7,383 772,218 — 779,601 Residential (3) 1,260 1,093 2,353 600,979 2,726 606,058 Consumer (4) 7,971 6,958 14,929 1,087,599 2,641 1,105,169 Total $ 31,591 $ 8,533 $ 40,124 $ 8,191,742 $ 24,024 $ 8,255,890 % of Total Loans 0.38 % 0.10 % 0.48 % 99.23 % 0.29 % 100 % (1) Nonaccrual loans with an allowance totaled $10 thousand. (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances excludes reverse mortgages at fair value of $8.4 million. (4) Includes $13.6 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss. December 31, 2020 (Dollars in thousands) 30–89 Days Greater Total Past Accruing Nonaccrual Loans (1) Total Commercial and industrial (2) $ 7,313 $ 3,652 $ 10,965 $ 2,924,522 $ 13,816 $ 2,949,303 Owner-occupied commercial 3,120 892 4,012 1,323,355 5,360 1,332,727 Commercial mortgages 5,944 1,090 7,034 2,061,853 17,175 2,086,062 Construction 371 — 371 715,904 — 716,275 Residential (3) 3,049 25 3,074 758,072 3,247 764,393 Consumer (4) 8,355 11,035 19,390 1,144,217 2,310 1,165,917 Total (4) $ 28,152 $ 16,694 $ 44,846 $ 8,927,923 $ 41,908 $ 9,014,677 % of Total Loans 0.31 % 0.19 % 0.50 % 99.04 % 0.46 % 100 % (1) Nonaccrual loans with an allowance totaled $13 thousand (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances excludes reverse mortgages, at fair value of $10.1 million. (4) Includes $18.2 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss.
Schedule Of Collateral Dependent Loans	The following table presents the amortized cost basis of nonaccruing collateral-dependent loans by class at June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 (Dollars in thousands) Property Equipment and other Property Equipment and other Commercial and industrial (1) $ 11,498 $ 2,763 $ 10,646 $ 3,170 Owner-occupied commercial 2,781 — 5,360 — Commercial mortgages 1,615 — 17,175 — Construction — — — — Residential (2) 2,726 — 3,247 — Consumer (3) 2,641 — 2,294 16 Total $ 21,261 $ 2,763 $ 38,722 $ 3,186 (1) Includes commercial small business leases. (2) Excludes reverse mortgages at fair value. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.
Schedule of Commercial Credit Exposure	The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses as of June 30, 2021. Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving loans amortized cost basis Revolving loans converted to term Total (Dollars in thousands) Commercial and industrial (1) : Risk Rating Pass (2) $ 270,308 $ 698,723 $ 347,351 $ 236,657 $ 144,007 $ 172,211 $ 5,500 $ 135,762 $ 2,010,519 Special mention 13,738 659 28,717 10,786 943 15,035 — 51,343 121,221 Substandard or Lower 12,307 25,261 65,445 49,864 49,931 36,968 27 8,154 247,957 $ 296,353 $ 724,643 $ 441,513 $ 297,307 $ 194,881 $ 224,214 $ 5,527 $ 195,259 $ 2,379,697 Owner-occupied commercial: Risk Rating Pass $ 145,214 $ 223,752 $ 207,609 $ 75,082 $ 131,905 $ 317,070 $ — $ 130,649 $ 1,231,281 Special mention 763 1,124 3,138 482 10,692 10,418 — 14,105 40,722 Substandard or Lower — 7,157 13,918 14,330 19,617 25,676 — 7,980 88,678 $ 145,977 $ 232,033 $ 224,665 $ 89,894 $ 162,214 $ 353,164 $ — $ 152,734 $ 1,360,681 Commercial mortgages: Risk Rating Pass $ 264,232 $ 314,468 $ 238,420 $ 181,718 $ 224,772 $ 470,819 $ — $ 230,137 $ 1,924,566 Special mention — 8,168 1,751 885 21,004 6,179 — 1,849 39,836 Substandard or Lower — 13,190 22,470 2,217 1,562 19,797 — 1,046 60,282 $ 264,232 $ 335,826 $ 262,641 $ 184,820 $ 247,338 $ 496,795 $ — $ 233,032 $ 2,024,684 Construction: Risk Rating Pass $ 137,727 $ 208,583 $ 149,019 $ 142,891 $ 11,236 $ 9,283 $ — $ 93,945 $ 752,684 Special mention 7,931 — — — 3,515 — — — 11,446 Substandard or Lower 4,988 — 4,967 — 98 71 — 5,347 15,471 $ 150,646 $ 208,583 $ 153,986 $ 142,891 $ 14,849 $ 9,354 $ — $ 99,292 $ 779,601 Residential (3) : Risk Rating Performing $ 11,589 $ 35,330 $ 17,243 $ 43,732 $ 61,268 $ 431,902 $ — $ — $ 601,064 Nonperforming (4) — 112 — — 63 4,819 — — 4,994 $ 11,589 $ 35,442 $ 17,243 $ 43,732 $ 61,331 $ 436,721 $ — $ — $ 606,058 Consumer (5) : Risk Rating Performing $ 65,016 $ 231,337 $ 98,951 $ 214,502 $ 47,934 $ 75,185 $ 362,142 $ 7,147 $ 1,102,214 Nonperforming (6) — 361 33 619 193 — 1,351 398 2,955 $ 65,016 $ 231,698 $ 98,984 $ 215,121 $ 48,127 $ 75,185 $ 363,493 $ 7,545 $ 1,105,169 (1) Includes commercial small business leases. (2) Includes $222.9 million of PPP loans. (3) Excludes reverse mortgages at fair value. (4) Includes troubled debt restructured mortgages performing in accordance with the loans' modified terms and are accruing interest. (5) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (6) Includes troubled debt restructured home equity installment loans performing in accordance with the loans' modified terms and are accruing interest. The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of December 31, 2020. Term Loans Amortized Cost Basis by Origination Year 2020 2019 2018 2017 2016 Prior Revolving loans amortized cost basis Revolving loans converted to term Total (Dollars in thousands) Commercial and industrial (1) : Risk Rating Pass (2) $ 1,250,528 $ 448,704 $ 296,594 $ 157,359 $ 97,036 $ 125,361 $ 6,182 $ 136,110 $ 2,517,874 Special mention 3,040 26,470 28,636 8,482 2,577 16,993 — 34,403 120,601 Substandard or Lower 82,868 60,227 57,880 50,446 15,151 35,150 63 9,043 310,828 $ 1,336,436 $ 535,401 $ 383,110 $ 216,287 $ 114,764 $ 177,504 $ 6,245 $ 179,556 $ 2,949,303 Owner-occupied commercial: Risk Rating Pass $ 220,165 $ 225,766 $ 90,515 $ 135,903 $ 123,897 $ 271,086 $ — $ 123,194 $ 1,190,526 Special mention 1,525 5,885 1,838 17,578 4,125 1,997 — 14,467 47,415 Substandard or Lower 3,703 13,426 15,272 19,883 11,581 19,331 — 11,590 94,786 $ 225,393 $ 245,077 $ 107,625 $ 173,364 $ 139,603 $ 292,414 $ — $ 149,251 $ 1,332,727 Commercial mortgages: Risk Rating Pass $ 379,592 $ 283,004 $ 240,924 $ 257,809 $ 254,780 $ 375,473 $ — $ 148,210 $ 1,939,792 Special mention 8,324 1,774 21,762 21,269 1,274 6,507 — 1,870 62,780 Substandard or Lower 26,343 25,402 2,253 1,950 3,242 24,300 — — 83,490 $ 414,259 $ 310,180 $ 264,939 $ 281,028 $ 259,296 $ 406,280 $ — $ 150,080 $ 2,086,062 Construction: Risk Rating Pass $ 189,257 $ 214,956 $ 208,981 $ 11,414 $ 7,414 $ 3,645 $ — $ 66,018 $ 701,685 Special mention — — — 3,515 — — — — 3,515 Substandard or Lower — 8,648 — — — 79 — 2,348 11,075 $ 189,257 $ 223,604 $ 208,981 $ 14,929 $ 7,414 $ 3,724 $ — $ 68,366 $ 716,275 Residential (3) : Risk Rating Performing $ 42,475 $ 26,309 $ 71,410 $ 85,277 $ 149,643 $ 383,358 $ — $ — $ 758,472 Nonperforming (4) 113 — — — 283 5,525 — — 5,921 $ 42,588 $ 26,309 $ 71,410 $ 85,277 $ 149,926 $ 388,883 $ — $ — $ 764,393 Consumer (5) : Risk Rating Performing $ 235,948 $ 134,064 $ 251,087 $ 63,713 $ 44,700 $ 53,717 $ 371,842 $ 8,287 $ 1,163,358 Nonperforming (6) — — 636 232 — — 1,396 295 2,559 $ 235,948 $ 134,064 $ 251,723 $ 63,945 $ 44,700 $ 53,717 $ 373,238 $ 8,582 $ 1,165,917 (1) Includes commercial small business leases. (2) Includes $751.2 million of PPP loans. (3) Excludes reverse mortgages at fair value. (4) Includes troubled debt restructured mortgages performing in accordance with the loans' modified terms and are accruing interest. (5) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (6) Includes troubled debt restructured home equity installment loans performing in accordance with the loans' modified terms and are accruing interest.
Schedule of Loans Identified as Troubled Debt Restructurings During Periods Indicated	The following table presents the balance of TDRs as of the indicated dates: (Dollars in thousands) June 30, 2021 December 31, 2020 Performing TDRs $ 14,997 $ 15,539 Nonperforming TDRs 2,694 4,601 Total TDRs $ 17,691 $ 20,140 Approximately $0.2 million and less than $0.1 million in related reserves have been established for these loans at June 30, 2021 and December 31, 2020, respectively. The following tables present information regarding the types of loan modifications made for the three and six months ended June 30, 2021 and 2020: Three months ended June 30, 2021 Six months ended June 30, 2021 Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Commercial and industrial — — — — — — — — — — Owner-occupied commercial — — — — — — — — — — Commercial mortgages — — — — — — — — — — Construction — — — — — — — — — — Residential — — — — — — — 2 — 2 Consumer — — 3 1 4 — — 20 1 21 Total — — 3 1 4 — — 22 1 23 Three months ended June 30, 2020 Six months ended June 30, 2020 Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Contractual payment reduction and term extension Maturity Date Extension Discharged in bankruptcy Other (1) Total Commercial and industrial — — — — — 1 — — — 1 Owner-occupied commercial 2 — — — 2 3 — — — 3 Commercial mortgages — — — — — — 1 — — 1 Residential — — 3 1 4 — — 4 2 6 Consumer — — 4 1 5 — — 7 3 10 Total 2 — 7 2 11 4 1 11 5 21 (1) Includes underwriting exceptions. Principal balances are generally not forgiven when a loan is modified as a TDR. Nonaccruing restructured loans remain in nonaccrual status until there has been a period of sustained repayment performance, which is typically six months, and repayment is reasonably assured. The following tables present loans modified as TDRs during the three and six months ended June 30, 2021 and 2020. Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (Dollars in thousands) Pre Modification Post Modification Pre Modification Post Modification Commercial $ — $ — $ — $ — Owner-occupied commercial — — — — Commercial mortgages — — — — Residential — — 166 166 Consumer 155 155 839 839 Total (1)(2) $ 155 $ 155 $ 1,005 $ 1,005 (1) During the three and six months ended June 30, 2021, the TDRs set forth in the table above resulted in a less than $0.1 million increase in the allowance for credit losses for both periods, and no additional charge-offs in either period. During the three and six months ended June 30, 2021, no TDRs defaulted that had received troubled debt modification during the past twelve months. (2) The TDRs set forth in the table above did not occur as a result of the loan forbearance program under the CARES Act. Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 (Dollars in thousands) Pre Modification Post Modification Pre Modification Post Modification Commercial $ — $ — $ 31 $ 31 Owner-occupied commercial 567 567 1,216 1,216 Commercial mortgages — — 104 104 Residential 905 905 1,126 1,126 Consumer 245 245 459 459 Total (1)(2) $ 1,717 $ 1,717 $ 2,936 $ 2,936 (1) During the three and six months ended June 30, 2020 the TDRs set forth in the table above resulted in a less than $0.1 million increase and a $0.1 million increase in the allowance for credit losses, respectively, and no additional charge-offs in either period. During the three and six months ended June 30, 2020, no TDRs defaulted that had received troubled debt modification during the past twelve months. (2) The TDRs set forth in the table above did not occur as a result of the loan forbearance program under the CARES Act.

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Lease, Cost	The components of operating lease cost were as follows: Three months ended Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Operating lease cost (1) $ 4,789 $ 4,950 $ 9,443 $ 9,500 Sublease income (90) (93) (197) (186) Net lease cost $ 4,699 $ 4,857 $ 9,246 $ 9,314 (1) Includes variable lease cost and short-term lease cost.
Balance Sheet Information	Supplemental balance sheet information related to operating leases was as follows: (Dollars in thousands) June 30, 2021 December 31, 2020 Right of use assets $ 150,291 $ 150,985 Lease liabilities $ 165,057 $ 166,451 Lease term and discount rate Weighted average remaining lease term (in years) 19.16 19.36 Weighted average discount rate 4.26 % 4.26 %
Lease Maturity	Maturities of operating lease liabilities were as follows: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 8,780 2022 17,569 2023 17,692 2024 16,467 2025 16,478 After 2025 183,244 Total lease payments 260,230 Less: Interest (95,173) Present value of lease liabilities $ 165,057
Supplemental Cash Flow information Lessee	Supplemental cash flow information related to operating leases was as follows: Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,074 $ 9,328
Direct Financing Lease	The components of direct finance lease income are summarized in the table below: Three months ended Six months ended (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Direct financing leases: Interest income on lease receivable $ 5,102 $ 3,813 $ 9,726 $ 7,379 Interest income on deferred fees and costs, net (438) 93 (756) 188 Total direct financing lease net interest income $ 4,664 $ 3,906 $ 8,970 $ 7,567 Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows: (Dollars in thousands) June 30, 2021 December 31, 2020 Lease receivables $ 329,718 $ 281,601 Unearned income (43,808) (36,669) Deferred fees and costs 5,747 3,953 Net investment in direct financing leases $ 291,657 $ 248,885
Lessor, Operating Lease, Payments to be Received, Maturity	Future minimum lease payments to be received for direct financing leases were as follows: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 53,731 2022 96,910 2023 78,809 2024 56,668 2025 34,903 After 2025 8,697 Total lease payments $ 329,718

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2021
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 Cash Wealth Consolidated December 31, 2020 $ 452,629 $ — $ 20,199 $ 472,828 Goodwill adjustments — — — — June 30, 2021 $ 452,629 $ — $ 20,199 $ 472,828
Summary of Other Intangible Assets	The following table summarizes the Company's intangible assets: (Dollars in thousands) Gross Accumulated Net Amortization Period June 30, 2021 Core deposits $ 93,811 $ (25,469) $ 68,342 10 years Customer relationships 15,281 (7,238) 8,043 7-15 years Non-compete agreements 221 (212) 9 5 years Loan servicing rights (1) 5,639 (2,910) 2,729 10-25 years Total intangible assets $ 114,952 $ (35,829) $ 79,123 December 31, 2020 Core deposits $ 95,711 $ (22,727) $ 72,984 10 years Customer relationships 15,281 (6,600) 8,681 7-15 years Non-compete agreements 221 (190) 31 5 years Loan servicing rights (2) 5,302 (2,440) 2,862 10-25 years Total intangible assets $ 116,515 $ (31,957) $ 84,558 (1) Includes impairment losses of $0.1 million and less than $0.1 million for the three and six months ended June 30, 2021. (2) Includes impairment losses of $0.2 million for the year ended December 31, 2020
Schedule of Estimated Amortization Expense of Intangibles	The following table presents the estimated future amortization expense on intangible assets: (Dollars in thousands) June 30, 2021 Remaining in 2021 $ 5,647 2022 11,132 2023 10,980 2024 10,800 2025 10,544 Thereafter 30,020 Total $ 79,123

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2021
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Deposits By Category	The following table shows deposits by category: (Dollars in thousands) June 30, 2021 December 31, 2020 Noninterest-bearing: Noninterest demand $ 4,328,060 $ 3,415,021 Total noninterest-bearing $ 4,328,060 $ 3,415,021 Interest-bearing: Interest-bearing demand $ 2,633,423 $ 2,635,740 Savings 1,927,627 1,774,332 Money market 2,722,868 2,654,439 Customer time deposits 1,052,042 1,158,845 Brokered deposits 62,825 218,287 Total interest-bearing 8,398,785 8,441,643 Total deposits $ 12,726,845 $ 11,856,664

ASSOCIATE BENEFIT PLANS (Tables

ASSOCIATE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2021
Postemployment Benefits [Abstract]
Schedule of Net Periodic Benefit Cost Components of Postretirement Benefits	The following table presents the components of net periodic benefit cost related to postretirement medical benefits plan. Three months ended June 30, Six months ended June 30, (Dollars in thousands) 2021 2020 2021 2020 Service cost $ 17 $ 15 $ 34 $ 30 Interest cost 13 17 26 34 Prior service cost amortization (19) (19) (38) (38) Net gain recognition (5) (9) (10) (18) Net periodic cost (benefit) $ 6 $ 4 $ 12 $ 8 The following table presents the components of net periodic benefit cost related to the Alliance Associate Pension Plan. There was no net periodic benefit cost during the three and six months ended June 30, 2021. Three months ended Six months ended (Dollars in thousands) June 30, 2020 June 30, 2020 Service cost $ 7 $ 17 Interest cost 42 105 Expected return on plan assets (79) (196) Plan settlement loss 1,431 1,431 Net periodic cost (benefit) $ 1,401 $ 1,357 Three months ended June 30, 2021 Six months ended June 30, 2021 (Dollars in thousands) Pension Benefits Other Postretirement Benefits Pension Benefits Other Postretirement Benefits Service cost $ — $ 15 $ — $ 29 Interest cost 530 77 1,060 154 Expected return on plan assets (1,705) — (3,410) — Prior service cost amortization — (3) — (6) Net loss (gain) recognition 7 — 13 — Net periodic (benefit) cost $ (1,168) $ 89 $ (2,337) $ 177 Three months ended June 30, 2020 Six months ended June 30, 2020 (Dollars in thousands) Pension Benefits Other Postretirement Benefits Pension Benefits Other Postretirement Benefits Service cost $ — $ 29 $ — $ 58 Interest cost 740 138 1,455 275 Expected return on plan assets (1,588) — (3,182) — Net (gain) loss recognition 1 (16) 2 (32) Net periodic (benefit) cost $ (847) $ 151 $ (1,725) $ 301

FAIR VALUE DISCLOSURES OF FIN_2

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial Instruments Carried at Fair Value	The following tables present financial instruments carried at fair value as of June 30, 2021 and December 31, 2020 by level in the valuation hierarchy (as described above): June 30, 2021 (Dollars in thousands) Quoted Significant Significant Total Fair Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 618,419 $ — $ 618,419 FNMA MBS — 2,329,787 — 2,329,787 FHLMC MBS — 171,998 — 171,998 GNMA MBS — 22,402 — 22,402 GSE agency notes — 223,973 — 223,973 Other assets — 8,606 — 8,606 Total assets measured at fair value on a recurring basis $ — $ 3,375,185 $ — $ 3,375,185 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 4,464 $ 22,145 $ 26,609 Assets measured at fair value on a nonrecurring basis: Other investments $ 5,604 $ — $ 10,044 $ 15,648 Other real estate owned — — 1,044 1,044 Loans held for sale — 113,173 — 113,173 Total assets measured at fair value on a nonrecurring basis $ 5,604 $ 113,173 $ 11,088 $ 129,865 December 31, 2020 (Dollars in thousands) Quoted Significant Significant Total Fair Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 471,325 $ — $ 471,325 FNMA MBS — 1,598,970 — 1,598,970 FHLMC MBS — 202,893 — 202,893 GNMA MBS — 23,762 — 23,762 GSE agency notes — 232,107 — 232,107 Other assets — 14,448 — 14,448 Total assets measured at fair value on a recurring basis $ — $ 2,543,505 $ — $ 2,543,505 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 8,218 $ 24,039 $ 32,257 Assets measured at fair value on a nonrecurring basis Other investments $ — $ — $ 9,541 $ 9,541 Other real estate owned — — 3,061 3,061 Loans held for sale — 197,541 — 197,541 Total assets measured at fair value on a nonrecurring basis $ — $ 197,541 $ 12,602 $ 210,143
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table provides a description of the valuation technique and significant unobservable inputs for the Company's assets classified as Level 3 and measured at fair value on a nonrecurring basis: June 30, 2021 Financial Instrument Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) Other investments $ 15,648 Observed market comparable transactions Period of observed transactions May 2021 Other real estate owned 1,044 Fair market value of collateral Costs to sell 10.0% Other liabilities 22,145 Discounted cash flow Timing of Visa litigation resolution 2.25 - 7.25 years (5.00 years or 4Q 2025)
Book Value and Estimated Fair Value of Financial Instruments	The book value and estimated fair value of the Company's financial instruments are as follows: June 30, 2021 December 31, 2020 (Dollars in thousands) Fair Value Book Value Fair Value Book Value Fair Value Financial assets: Cash, cash equivalents, and restricted cash Level 1 $ 2,421,113 $ 2,421,113 $ 1,654,735 $ 1,654,735 Investment securities available-for-sale Level 2 3,366,579 3,366,579 2,529,057 2,529,057 Investment securities held-to-maturity, net Level 2 95,126 99,266 111,741 116,421 Other investments Levels 1, 3 15,648 15,648 9,541 9,541 Loans, held for sale Level 2 113,173 113,173 197,541 197,541 Loans and leases, net (1) Level 3 8,131,846 8,208,084 8,795,935 9,130,003 Stock in FHLB of Pittsburgh Level 2 6,090 6,090 5,771 5,771 Accrued interest receivable Level 2 40,275 40,275 44,335 44,335 Other assets Level 2 8,606 8,606 14,448 14,448 Financial liabilities: Deposits Level 2 12,726,845 12,734,333 11,856,664 11,868,897 Borrowed funds Level 2 236,470 224,106 340,641 340,106 Standby letters of credit Level 3 586 586 630 630 Accrued interest payable Level 2 1,977 1,977 1,450 1,450 Other liabilities Levels 2, 3 26,609 26,609 32,257 32,257 (1) Includes reverse mortgage loans.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values of Derivative Instruments	The table below presents the fair value of derivative financial instruments as well as their location on the unaudited Consolidated Statements of Financial Condition as of June 30, 2021. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 57,781 Other assets $ 3,754 Interest rate products 57,781 Other liabilities (4,034) Risk participation agreements 4,293 Other liabilities (5) Interest rate lock commitments with customers 182,616 Other assets 4,342 Interest rate lock commitments with customers 10,406 Other liabilities (202) Forward sale commitments 85,611 Other assets 510 Forward sale commitments 82,268 Other liabilities (223) Financial derivatives related to 113,177 Other liabilities (22,145) Total derivatives $ 593,933 $ (18,003) The table below presents the fair value of derivative financial instruments as well as their location on the Consolidated Statements of Financial Condition as of December 31, 2020. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 61,326 Other assets $ 5,369 Interest rate products 61,326 Other liabilities (5,851) Risk participation agreements 4,372 Other liabilities (10) Interest rate lock commitments with customers 244,037 Other assets 8,496 Interest rate lock commitments with customers 8,413 Other liabilities (117) Forward sale commitments 50,705 Other assets 583 Forward sale commitments 258,186 Other liabilities (2,240) Financial derivatives related to 113,177 Other liabilities (24,039) Total derivatives $ 801,542 $ (17,809)
Summary of Company's Derivative Financial Instruments	The table below presents the effect of the cash flow hedges on the unaudited Consolidated Statements of Income for three and six months ended June 30, 2020. Amount of Gain Recognized in OCI on Derivative (Effective Portion) Amount of Gain Recognized in OCI on Derivative (Effective Portion) Location of Gain Reclassified from Accumulated OCI into Income (Effective Portion) (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Derivatives in cash flow hedging relationships 2020 2020 Interest rate products $ (25) $ 1,560 Interest income Total $ (25) $ 1,560 The table below presents the effect of the derivative financial instruments on the unaudited Consolidated Statements of Income for the three and six months ended June 30, 2021 and June 30, 2020. Amount of (Loss) or Gain Recognized in Income Amount of (Loss) Recognized in Income Location of Gain or (Loss) Recognized in Income (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Derivatives not designated as hedging instruments 2021 2020 2021 2020 Interest rate lock commitments with customers $ (823) $ 3,178 $ (4,087) $ 6,227 Mortgage banking activities, net Forward sale commitments (2,742) (2,439) 3,382 $ (6,484) Mortgage banking activities, net Total $ (3,565) $ 739 $ (705) $ (257)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Details of Segment Information	The following tables show segment results for the three and six months ended June 30, 2021 and 2020: Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Total WSFS Bank Cash Connect ® Wealth Total Statements of Income External customer revenues: Interest income $ 110,725 $ — $ 2,177 $ 112,902 $ 123,710 $ — $ 2,173 $ 125,883 Noninterest income 22,282 11,213 15,523 49,018 44,304 9,008 11,063 64,375 Total external customer revenues 133,007 11,213 17,700 161,920 168,014 9,008 13,236 190,258 Inter-segment revenues: Interest income 842 328 3,031 4,201 937 237 2,442 3,616 Noninterest income 3,790 316 515 4,621 3,542 188 347 4,077 Total inter-segment revenues 4,632 644 3,546 8,822 4,479 425 2,789 7,693 Total revenue 137,639 11,857 21,246 170,742 172,493 9,433 16,025 197,951 External customer expenses: Interest expense 5,983 — 170 6,153 11,659 — 468 12,127 Noninterest expenses 80,480 7,288 8,264 96,032 79,789 6,413 7,233 93,435 (Recovery of) provision for credit losses (66,385) — (1,178) (67,563) 93,819 — 935 94,754 Total external customer expenses 20,078 7,288 7,256 34,622 185,267 6,413 8,636 200,316 Inter-segment expenses: Interest expense 3,359 207 635 4,201 2,679 131 806 3,616 Noninterest expenses 831 1,104 2,686 4,621 535 899 2,643 4,077 Total inter-segment expenses 4,190 1,311 3,321 8,822 3,214 1,030 3,449 7,693 Total expenses 24,268 8,599 10,577 43,444 188,481 7,443 12,085 208,009 Income (loss) before taxes $ 113,371 $ 3,258 $ 10,669 $ 127,298 $ (15,988) $ 1,990 $ 3,940 $ (10,058) Income tax provision (benefit) 31,687 (2,247) Consolidated net income (loss) 95,611 (7,811) Net loss attributable to noncontrolling interest (56) (700) Net income (loss) attributable to WSFS $ 95,667 $ (7,111) Supplemental Information Capital expenditures for the period ended $ 1,735 $ — $ — $ 1,735 $ 155 $ 45 $ 99 $ 299 Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Total WSFS Bank Cash Connect ® Wealth Total Statements of Income External customer revenues: Interest income $ 229,856 $ — $ 4,327 $ 234,183 $ 255,019 $ — $ 4,719 $ 259,738 Noninterest income 45,630 20,915 30,295 96,840 62,376 20,687 22,159 105,222 Total external customer revenues 275,486 20,915 34,622 331,023 317,395 20,687 26,878 364,960 Inter-segment revenues: Interest income 1,686 597 5,726 8,009 2,880 237 5,291 8,408 Noninterest income 7,485 602 916 9,003 6,449 417 520 7,386 Total inter-segment revenues 9,171 1,199 6,642 17,012 9,329 654 5,811 15,794 Total revenue 284,657 22,114 41,264 348,035 326,724 21,341 32,689 380,754 External customer expenses: Interest expense 12,887 — 362 13,249 28,406 — 1,426 29,832 Noninterest expenses 161,024 14,586 16,041 191,651 152,874 14,636 14,421 181,931 (Recovery of) provision for credit losses (85,978) — (1,745) (87,723) 148,853 — 2,547 151,400 Total external customer expenses 87,933 14,586 14,658 117,177 330,133 14,636 18,394 363,163 Inter-segment expenses: Interest expense 6,323 387 1,299 8,009 5,528 1,085 1,795 8,408 Noninterest expenses 1,518 2,191 5,294 9,003 937 1,640 4,809 7,386 Total inter-segment expenses 7,841 2,578 6,593 17,012 6,465 2,725 6,604 15,794 Total expenses 95,774 17,164 21,251 134,189 336,598 17,361 24,998 378,957 Income (loss) before taxes $ 188,883 $ 4,950 $ 20,013 $ 213,846 $ (9,874) $ 3,980 $ 7,691 $ 1,797 Income tax provision (benefit) 53,094 (959) Consolidated net income 160,752 2,756 Net income (loss) attributable to noncontrolling interest 3 (1,060) Net income attributable to WSFS 160,749 3,816 Supplemental Information Capital expenditures for the period ended $ 3,005 $ — $ — $ 3,005 $ 2,437 $ 256 $ 137 $ 2,830 The following table shows significant components of segment net assets as of June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Total WSFS Bank Cash Connect ® Wealth Total Statements of Financial Condition Cash and cash equivalents $ 1,945,167 $ 465,667 $ 10,279 $ 2,421,113 $ 1,246,394 $ 397,878 $ 10,463 $ 1,654,735 Goodwill 452,629 — 20,199 472,828 452,629 — 20,199 472,828 Other segment assets 12,007,263 5,845 241,812 12,254,920 11,963,345 6,997 236,009 12,206,351 Total segment assets $ 14,405,059 $ 471,512 $ 272,290 $ 15,148,861 $ 13,662,368 $ 404,875 $ 266,671 $ 14,333,914

CHANGE IN ACCUMULATED OTHER C_2

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Components of Accumulated Other Comprehensive (Loss) Income	Changes to accumulated other comprehensive income by component are shown, net of taxes, in the following tables for the period indicated: (Dollars in thousands) Net change in Net change Net Net change in fair value of derivatives used for cash flow hedges (1) Net change in equity method investments Total Balance, March 31, 2021 $ (9,957) $ 260 $ (4,804) $ 535 $ 264 $ (13,702) Other comprehensive income (loss) before reclassifications 24,104 — (9) — — 24,095 Less: Amounts reclassified from accumulated other comprehensive income — (28) (15) (112) — (155) Net current-period other comprehensive income (loss) 24,104 (28) (24) (112) — 23,940 Balance, June 30, 2021 $ 14,147 $ 232 $ (4,828) $ 423 $ 264 $ 10,238 Balance, March 31, 2020 $ 72,436 $ 403 $ (3,313) $ 1,008 $ — $ 70,534 Other comprehensive income (loss) before reclassifications 3,703 — 7 (25) — 3,685 Less: Amounts reclassified from accumulated other comprehensive loss (1,450) (57) 179 (111) — (1,439) Net current-period other comprehensive income (loss) 2,253 (57) 186 (136) — 2,246 Balance, June 30, 2020 $ 74,689 $ 346 $ (3,127) $ 872 $ — $ 72,780 (1) Cash flow hedges were terminated as of April 1, 2020 (Dollars in thousands) Net change in Net change Net Net change in fair value of derivatives used for cash flow hedges (1) Net change in equity method investments Total Balance, December 31, 2020 $ 59,882 $ 276 $ (4,788) $ 646 $ (9) $ 56,007 Other comprehensive (loss) income before reclassifications (45,485) — (9) — 273 (45,221) Less: Amounts reclassified from accumulated other comprehensive income (250) (44) (31) (223) — (548) Net current-period other comprehensive (loss) income (45,735) (44) (40) (223) 273 (45,769) Balance, June 30, 2021 $ 14,147 $ 232 $ (4,828) $ 423 $ 264 $ 10,238 Balance, December 31, 2019 $ 26,927 $ 468 $ (3,317) $ (577) $ — $ 23,501 Other comprehensive income before reclassifications 49,739 — 43 1,560 — 51,342 Less: Amounts reclassified from accumulated other comprehensive (loss) income (1,977) (122) 147 (111) — (2,063) Net current-period other comprehensive income (loss) 47,762 (122) 190 1,449 — 49,279 Balance, June 30, 2020 $ 74,689 $ 346 $ (3,127) $ 872 $ — $ 72,780 (1) Cash flow hedges were terminated as of April 1, 2020
Components of Other Comprehensive Income (Loss)	The unaudited Consolidated Statements of Income were impacted by components of other comprehensive income (loss) as shown in the tables below: Three Months Ended June 30, Affected line item in unaudited Consolidated Statements of Income (Dollars in thousands) 2021 2020 Securities available for sale: Realized gains on securities transactions $ — $ (1,908) Securities gains, net Income taxes — 458 Income tax provision Net of tax $ — $ (1,450) Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity: Amortization of net unrealized gains to income during the period $ (37) $ (75) Interest and dividends on investment securities Income taxes 9 18 Income tax provision Net of tax $ (28) $ (57) Amortization of defined benefit pension plan-related items: Prior service credits $ (22) $ (19) Actuarial losses (gains) 2 (24) Total before tax $ (20) $ (43) Salaries, benefits and other compensation Income taxes 5 10 Income tax provision Net of tax $ (15) $ (33) Defined benefit pension plan settlement: Realized losses on plan settlement $ — $ 279 Other operating expense Income taxes — (67) Income tax provision Net of tax $ — $ 212 Net unrealized gains on terminated cash flow hedges: Amortization of net unrealized gains to income during the period $ (147) $ (146) Interest and fees on loans and leases Income taxes 35 35 Income tax provision Net of tax $ (112) $ (111) Total reclassifications $ (155) $ (1,439) Six Months Ended June 30, Affected line item in unaudited Consolidated Statements of Operations 2021 2020 Securities available-for-sale: Realized gains on securities transactions $ (329) $ (2,601) Securities gains, net Income taxes 79 624 Income tax provision Net of tax $ (250) $ (1,977) Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity: Amortization of net unrealized gains to income during the period $ (58) $ (160) Interest and dividends on investment securities Income taxes 14 38 Income tax provision Net of tax $ (44) $ (122) Amortization of defined benefit pension plan-related items: Prior service credits $ (44) $ (38) Actuarial gains 3 (48) Total before tax $ (41) $ (86) Salaries, benefits and other compensation Income taxes 10 21 Income tax provision Net of tax $ (31) $ (65) Defined benefit pension plan settlement: Realized losses on plan settlement $ — $ 279 Other operating expense Income taxes — (67) Income tax provision Net of tax $ — $ 212 Net unrealized gains on terminated cash flow hedges: Amortization of net unrealized gains to income during the period $ (293) $ (146) Interest and fees on loans and leases Income taxes 70 35 Income tax provision Net of tax $ (223) $ (111) Total reclassifications $ (548) $ (2,063)

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	Jun. 30, 2021subsidiaryOffice
Basis Of Presentation [Line Items]
Number of unconsolidated affiliate | subsidiary	1
Number of majority-owned subsidiary | subsidiary	1
Number of banking offices	112
Pennsylvania
Basis Of Presentation [Line Items]
Number of banking offices	52
Delaware
Basis Of Presentation [Line Items]
Number of banking offices	42
New Jersey
Basis Of Presentation [Line Items]
Number of banking offices	16
Virginia
Basis Of Presentation [Line Items]
Number of banking offices	1
Nevada
Basis Of Presentation [Line Items]
Number of banking offices	1
WSFS Financial Corporation
Basis Of Presentation [Line Items]
Number of wholly-owned subsidiaries | subsidiary	2

NONINTEREST INCOME - Credit_deb

NONINTEREST INCOME - Credit/debit card and ATM Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Credit/debit card and ATM income
Revenue from External Customer [Line Items]
Noninterest fee income	$ 7,567	$ 9,306	$ 14,372	$ 20,665
Bailment fees
Revenue from External Customer [Line Items]
Noninterest fee income	3,320	3,080	6,379	8,161
Interchange fees
Revenue from External Customer [Line Items]
Noninterest fee income	3,485	5,631	6,540	11,247
Other card and ATM fees
Revenue from External Customer [Line Items]
Noninterest fee income	$ 762	$ 595	$ 1,453	$ 1,257

NONINTEREST INCOME - Investment

NONINTEREST INCOME - Investment Management and Fiduciary Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Trust fees
Revenue from External Customer [Line Items]
Noninterest fee income	$ 10,808	$ 7,308	$ 20,572	$ 14,262
Wealth management and advisory fees
Revenue from External Customer [Line Items]
Noninterest fee income	4,552	3,621	9,041	7,629
Investment management and fiduciary income
Revenue from External Customer [Line Items]
Noninterest fee income	$ 15,360	$ 10,929	$ 29,613	$ 21,891

NONINTEREST INCOME - Deposit se

NONINTEREST INCOME - Deposit service charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Service fees
Revenue from External Customer [Line Items]
Deposit service charges	$ 3,553	$ 2,919	$ 6,975	$ 6,130
Return and overdraft fees
Revenue from External Customer [Line Items]
Deposit service charges	1,504	1,134	3,082	3,466
Other deposit service fees
Revenue from External Customer [Line Items]
Deposit service charges	262	122	722	226
Deposit service charges
Revenue from External Customer [Line Items]
Deposit service charges	$ 5,319	$ 4,175	$ 10,779	$ 9,822

NONINTEREST INCOME - Other inco

NONINTEREST INCOME - Other income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Managed service fees
Revenue from External Customer [Line Items]
Noninterest fee income	$ 4,504	$ 3,724	$ 8,113	$ 7,755
Currency preparation
Revenue from External Customer [Line Items]
Noninterest fee income	1,160	919	2,108	1,759
ATM loss protection
Revenue from External Customer [Line Items]
Noninterest fee income	628	571	1,250	1,218
Miscellaneous products and services
Revenue from External Customer [Line Items]
Noninterest fee income	2,341	766	5,847	2,201
Other income
Revenue from External Customer [Line Items]
Noninterest fee income	$ 8,633	$ 5,980	$ 17,318	$ 12,933

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net income (loss) attributable to WSFS	$ 95,667	$ (7,111)	$ 160,749	$ 3,816
Denominator:
Weighted average basic shares (in shares)	47,529,143	50,655,154	47,519,229	50,870,735
Dilutive potential common shares (in shares)	163,000	14,000	156,000	40,000
Weighted average fully diluted shares (in shares)	47,691,709	50,655,154	47,675,223	50,910,790
Earnings (loss) per share:
Basic (in dollars per share)	$ 2.01	$ (0.14)	$ 3.38	$ 0.08
Diluted (in dollars per share)	$ 2.01	$ (0.14)	$ 3.37	$ 0.07
Outstanding common stock equivalents having no dilutive effect (in shares)	0	48,000	1,000	15,000

INVESTMENTS - Additional Inform

INVESTMENTS - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Trading securities		$ 0
Weighted average duration of MBS portfolio		4 years 7 months 6 days
Securities pledged as collateral		$ 1,800,000,000		$ 1,300,000,000
Sale of investment securities available for sale, including interest		9,300,000	$ 109,600,000
Debt securities, available-for-sale, realized gain		300,000	2,600,000
Losses from sale of available-for-sale securities		0	0
Unamortized premiums		65,800,000		60,400,000
Unaccreted discounts		5,200,000		2,600,000
Owned investment securities		1,700,000,000
Total unrealized losses on securities		34,500,000
Allowance for Credit Losses		0		0
Held-to-maturity debt securities with an amortized cost basis		95,100,000		111,700,000
Accrued interest		1,000,000		1,100,000
Equity investments		15,600,000		$ 9,500,000
Unrealized gain		(5,100,000)
Common Class B
Debt Securities, Available-for-sale [Line Items]
Unrealized gain		$ (200,000)
Realized gains	$ 22,100,000
Common Stock | Common Class B
Debt Securities, Available-for-sale [Line Items]
Unrealized gains on equity investments, net			100,000
Other investments
Debt Securities, Available-for-sale [Line Items]
Impairment loss			$ 2,300,000

INVESTMENTS - Schedule of Amort

INVESTMENTS - Schedule of Amortized Cost and Estimated Fair Value of Available-for-Sale and Held-to-Maturity Investment Securities (Details) - USD ($)	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Available-for-Sale Debt Securities
Available-for-sale securities, amortized cost basis	$ 3,347,966,000		$ 2,450,265,000
Gross Unrealized Gain	53,071,000		80,871,000
Gross Unrealized Loss	34,458,000		2,079,000
Allowance for Credit Losses	0		0
Investment securities available-for-sale	3,366,579,000		2,529,057,000
Held-to-Maturity Debt Securities
Investment securities held-to-maturity, net	95,131,000		111,747,000
Gross Unrealized Gain	4,140,000		4,680,000
Gross Unrealized Loss	0		0
Allowance for credit loss	5,000		6,000
Fair Value	99,266,000		116,421,000
State and political subdivisions
Held-to-Maturity Debt Securities
Investment securities held-to-maturity, net	94,630,000		111,246,000
Gross Unrealized Gain	4,140,000		4,678,000
Gross Unrealized Loss	0		0
Allowance for credit loss	5,000	$ 5,000	6,000	$ 8,000	$ 0	$ 0
Fair Value	98,765,000		115,918,000
Available for sale securities transfers to held to maturity unrealized gains	300,000		400,000
Foreign bonds
Held-to-Maturity Debt Securities
Investment securities held-to-maturity, net	501,000		501,000
Gross Unrealized Gain	0		2,000
Gross Unrealized Loss	0		0
Allowance for credit loss	0		0
Fair Value	501,000		503,000
Collateralized mortgage obligation (CMO)
Available-for-Sale Debt Securities
Available-for-sale securities, amortized cost basis	620,242,000		461,819,000
Gross Unrealized Gain	7,532,000		9,949,000
Gross Unrealized Loss	9,355,000		443,000
Allowance for Credit Losses	0		0
Investment securities available-for-sale	618,419,000		471,325,000
Fannie Mae (FNMA) MBS
Available-for-Sale Debt Securities
Available-for-sale securities, amortized cost basis	2,310,453,000		1,544,105,000
Gross Unrealized Gain	36,274,000		55,747,000
Gross Unrealized Loss	16,940,000		882,000
Allowance for Credit Losses	0		0
Investment securities available-for-sale	2,329,787,000		1,598,970,000
Freddie Mac (FHLMC) MBS
Available-for-Sale Debt Securities
Available-for-sale securities, amortized cost basis	163,691,000		190,856,000
Gross Unrealized Gain	8,529,000		12,142,000
Gross Unrealized Loss	222,000		105,000
Allowance for Credit Losses	0		0
Investment securities available-for-sale	171,998,000		202,893,000
Ginnie Mae (GNMA) MBS
Available-for-Sale Debt Securities
Available-for-sale securities, amortized cost basis	21,713,000		22,716,000
Gross Unrealized Gain	736,000		1,046,000
Gross Unrealized Loss	47,000		0
Allowance for Credit Losses	0		0
Investment securities available-for-sale	22,402,000		23,762,000
Government-sponsored enterprises (GSEs) agency notes
Available-for-Sale Debt Securities
Available-for-sale securities, amortized cost basis	231,867,000		230,769,000
Gross Unrealized Gain	0		1,987,000
Gross Unrealized Loss	7,894,000		649,000
Allowance for Credit Losses	0		0
Investment securities available-for-sale	$ 223,973,000		$ 232,107,000

INVESTMENTS - Schedule of Matur

INVESTMENTS - Schedule of Maturities of Investment Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available for Sale Amortized Cost
Within one year	$ 0	$ 0
After one year but within five years	70,221	37,852
After five years but within ten years	227,815	239,845
After ten years	3,049,930	2,172,568
Amortized Cost	3,347,966	2,450,265
Available for Sale Fair Value
Within one year	0	0
After one year but within five years	73,851	39,985
After five years but within ten years	232,840	251,874
After ten years	3,059,888	2,237,198
Available-for-sale securities, fair value total	3,366,579	2,529,057
Held to Maturity, Amortized Cost
Within one year	1,126	1,144
After one year but within five years	1,948	972
After five years but within ten years	40,620	35,967
After ten years	51,437	73,664
Debt Securities, Held-to-maturity, Total	95,131	111,747
Held to Maturity, Fair Value
Within one year	1,126	1,154
After one year but within five years	1,999	990
After five years but within ten years	42,066	37,317
After ten years	54,075	76,960
Held-to-maturity securities, fair value total	$ 99,266	$ 116,421

INVESTMENTS - Schedule of Inves

INVESTMENTS - Schedule of Investment Securities' Gross Unrealized Losses and Fair Value by Investment Category (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	$ 1,711,441	$ 579,528
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	34,449	2,076
Available-for-sale debt securities, 12 months or longer, Fair Value	4,699	4,355
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	9	3
Available-for-sale debt securities, Total, Fair Value	1,716,140	583,883
Available-for-sale debt securities, Total, Unrealized Loss	34,458	2,079
Collateralized mortgage obligation (CMO)
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	240,709	183,983
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	9,355	443
Available-for-sale debt securities, 12 months or longer, Fair Value	0	0
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	0	0
Available-for-sale debt securities, Total, Fair Value	240,709	183,983
Available-for-sale debt securities, Total, Unrealized Loss	9,355	443
Fannie Mae (FNMA) MBS
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	1,234,215	289,338
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	16,939	879
Available-for-sale debt securities, 12 months or longer, Fair Value	1,547	4,355
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	1	3
Available-for-sale debt securities, Total, Fair Value	1,235,762	293,693
Available-for-sale debt securities, Total, Unrealized Loss	16,940	882
Freddie Mac (FHLMC) MBS
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	10,340	5,191
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	214	105
Available-for-sale debt securities, 12 months or longer, Fair Value	3,152	0
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	8	0
Available-for-sale debt securities, Total, Fair Value	13,492	5,191
Available-for-sale debt securities, Total, Unrealized Loss	222	105
Ginnie Mae (GNMA) MBS
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	2,204
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	47
Available-for-sale debt securities, 12 months or longer, Fair Value	0
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	0
Available-for-sale debt securities, Total, Fair Value	2,204
Available-for-sale debt securities, Total, Unrealized Loss	47
Government-sponsored enterprises (GSEs) agency notes
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	223,973	101,016
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	7,894	649
Available-for-sale debt securities, 12 months or longer, Fair Value	0	0
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	0	0
Available-for-sale debt securities, Total, Fair Value	223,973	101,016
Available-for-sale debt securities, Total, Unrealized Loss	$ 7,894	$ 649

INVESTMENTS - Schedule of Held

INVESTMENTS - Schedule of Held To Maturity Credit Quality Indicator (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities held-to-maturity, net	$ 95,131	$ 111,747
State and political subdivisions
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities held-to-maturity, net	94,630	111,246
State and political subdivisions | A+ rated or higher
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities held-to-maturity, net	94,504	110,959
State and political subdivisions | Not rated
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities held-to-maturity, net	126	287
Foreign bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities held-to-maturity, net	501	501
Foreign bonds | A+ rated or higher
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities held-to-maturity, net	501	501
Foreign bonds | Not rated
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities held-to-maturity, net	$ 0	$ 0

INVESTMENTS - Schedule of Held-

INVESTMENTS - Schedule of Held-to-maturity, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Allowance for credit losses:
Beginning balance			$ 6
Ending balance	$ 5		5
State and political subdivisions
Allowance for credit losses:
Beginning balance	5	$ 0	6	$ 0
Provision for credit losses	0	0	(1)	0
Charge-offs, net	0	0	0	0
Ending balance	5	8	5	8
State and political subdivisions | Cumulative change in accounting principle
Allowance for credit losses:
Beginning balance	$ 0	$ 8	$ 0	$ 8

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ 132,418	$ 204,818	$ 228,804	$ 232,192	$ 139,073	$ 47,576
Net loans and leases	8,131,846		8,795,935
Reverse mortgage, fair value	8,400		10,100	16,100
Accrued interest receivable on loans and leases	32,700		37,600
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	614,432		774,455
Allowance for credit losses	3,293	5,702	6,893	9,171	11,593	1,381
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,105,169		1,165,917
Allowance for credit losses	16,130	18,797	18,160	21,317	20,370	7,387
Financing Receivable Portfolio Segment, Including Reverse Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	8,264,264		9,024,739
Commercial and industrial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,088,040		2,700,418
Allowance for credit losses	87,203	125,870	150,875	144,225	65,771	22,849
Owner-occupied commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,360,681		1,332,727
Allowance for credit losses	6,181	9,617	9,615	8,956	9,541	4,616
Commercial mortgages | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,024,684		2,086,062
Allowance for credit losses	16,099	30,545	31,071	38,397	26,600	7,452
Construction | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	779,601		716,275
Allowance for credit losses	3,512	$ 14,287	12,190	$ 10,126	$ 5,198	$ 3,891
Commercial small business leases | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	291,657		248,885
Paycheck Protection Program, CARES Act | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 222,900		$ 751,200

ALLOWANCE FOR CREDIT LOSSES A_3

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Schedule of Allowance for Loan Losses and Loan Balances (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Allowance for credit losses
Beginning balance	$ 204,818	$ 139,073	$ 228,804	$ 47,576
Charge-offs	(7,078)	(2,824)	(12,554)	(7,279)
Recoveries	2,241	1,189	3,891	4,640
Provision (credit)	(67,563)	94,754	(87,723)	151,400
Ending balance	132,418	232,192	132,418	232,192
Loans evaluated on an individual basis	11	18	11	18
Loans evaluated on a collective basis	132,407	232,174	132,407	232,174
Loans individually evaluated for impairment	29,950	33,533	29,950	33,533
Loans evaluated on a collective basis	8,225,940	9,302,836	8,225,940	9,302,836
Ending balance	8,255,890	9,336,369	8,255,890	9,336,369	$ 9,014,677
Reverse mortgage, fair value	8,400	16,100	8,400	16,100	10,100
Loans purchased with credit deterioration				100
Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				35,855
Commercial | Commercial and industrial
Allowance for credit losses
Beginning balance	125,870	65,771	150,875	22,849
Charge-offs	(6,512)	(2,072)	(11,564)	(5,136)
Recoveries	1,379	968	2,519	3,815
Provision (credit)	(33,534)	79,558	(54,627)	102,950
Ending balance	87,203	144,225	87,203	144,225
Loans evaluated on an individual basis	1	18	1	18
Loans evaluated on a collective basis	87,202	144,207	87,202	144,207
Loans individually evaluated for impairment	14,446	15,634	14,446	15,634
Loans evaluated on a collective basis	2,365,251	3,151,200	2,365,251	3,151,200
Ending balance	2,379,697	3,166,834	2,379,697	3,166,834	2,949,303
Commercial | Commercial and industrial | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				19,747
Commercial | Owner-occupied commercial
Allowance for credit losses
Beginning balance	9,617	9,541	9,615	4,616
Charge-offs	(45)	(53)	(45)	(336)
Recoveries	15	0	105	125
Provision (credit)	(3,406)	(532)	(3,494)	6,023
Ending balance	6,181	8,956	6,181	8,956
Loans evaluated on an individual basis	0	0	0	0
Loans evaluated on a collective basis	6,181	8,956	6,181	8,956
Loans individually evaluated for impairment	3,868	5,425	3,868	5,425
Loans evaluated on a collective basis	1,356,813	1,331,828	1,356,813	1,331,828
Ending balance	1,360,681	1,337,253	1,360,681	1,337,253	1,332,727
Commercial | Owner-occupied commercial | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				(1,472)
Commercial | Commercial mortgages
Allowance for credit losses
Beginning balance	30,545	26,600	31,071	7,452
Charge-offs	0	0	0	(51)
Recoveries	30	3	44	32
Provision (credit)	(14,476)	11,794	(15,016)	29,302
Ending balance	16,099	38,397	16,099	38,397
Loans evaluated on an individual basis	10	0	10	0
Loans evaluated on a collective basis	16,089	38,397	16,089	38,397
Loans individually evaluated for impairment	3,962	4,470	3,962	4,470
Loans evaluated on a collective basis	2,020,722	2,161,077	2,020,722	2,161,077
Ending balance	2,024,684	2,165,547	2,024,684	2,165,547	2,086,062
Commercial | Commercial mortgages | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				1,662
Commercial | Construction
Allowance for credit losses
Beginning balance	14,287	5,198	12,190	3,891
Charge-offs	0	0	0	0
Recoveries	0	0	0	5
Provision (credit)	(10,775)	4,928	(8,678)	5,549
Ending balance	3,512	10,126	3,512	10,126
Loans evaluated on an individual basis	0	0	0	0
Loans evaluated on a collective basis	3,512	10,126	3,512	10,126
Loans individually evaluated for impairment	72	88	72	88
Loans evaluated on a collective basis	779,529	638,416	779,529	638,416
Ending balance	779,601	638,504	779,601	638,504	716,275
Commercial | Construction | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				681
Residential
Allowance for credit losses
Beginning balance	5,702	11,593	6,893	1,381
Charge-offs	0	(32)	0	(175)
Recoveries	455	24	595	115
Provision (credit)	(2,864)	(2,414)	(4,195)	328
Ending balance	3,293	9,171	3,293	9,171
Loans evaluated on an individual basis	0	0	0	0
Loans evaluated on a collective basis	3,293	9,171	3,293	9,171
Loans individually evaluated for impairment	4,994	5,452	4,994	5,452
Loans evaluated on a collective basis	601,064	889,408	601,064	889,408
Ending balance	606,058	894,860	606,058	894,860	764,393
Residential | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				7,522
Consumer
Allowance for credit losses
Beginning balance	18,797	20,370	18,160	7,387
Charge-offs	(521)	(667)	(945)	(1,581)
Recoveries	362	194	628	548
Provision (credit)	(2,508)	1,420	(1,713)	7,248
Ending balance	16,130	21,317	16,130	21,317
Loans evaluated on an individual basis	0	0	0	0
Loans evaluated on a collective basis	16,130	21,317	16,130	21,317
Loans individually evaluated for impairment	2,608	2,464	2,608	2,464
Loans evaluated on a collective basis	1,102,561	1,130,907	1,102,561	1,130,907
Ending balance	$ 1,105,169	$ 1,133,371	$ 1,105,169	1,133,371	$ 1,165,917
Consumer | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				$ 7,715

ALLOWANCE FOR CREDIT LOSSES A_4

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Summary of Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Financing Receivable, Past Due [Line Items]
Total Loans	$ 8,255,890	$ 9,014,677	$ 9,336,369
Nonaccrual Loans	$ 24,024	$ 41,908
Percent of nonaccrual loans	0.29%	0.46%
% of Total Loans	100.00%	100.00%
Nonaccrual with an allowance	$ 10	$ 13
Reverse mortgage, fair value	8,400	10,100	16,100
Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	$ 40,124	$ 44,846
Percent past due	0.48%	0.50%
30–89 Days Past Due and Still  Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	$ 31,591	$ 28,152
Percent past due	0.38%	0.31%
Greater  Than 90 Days Past Due and Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	$ 8,533	$ 16,694
Percent past due	0.10%	0.19%
Accruing Current Balances
Financing Receivable, Past Due [Line Items]
Total Loans	$ 8,191,742	$ 8,927,923
Percent of Accruing Current Balances	99.23%	99.04%
Residential
Financing Receivable, Past Due [Line Items]
Total Loans	$ 606,058	$ 764,393	894,860
Nonaccrual Loans	2,726	3,247
Residential | Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	2,353	3,074
Residential | 30–89 Days Past Due and Still  Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	1,260	3,049
Residential | Greater  Than 90 Days Past Due and Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	1,093	25
Residential | Accruing Current Balances
Financing Receivable, Past Due [Line Items]
Total Loans	600,979	758,072
Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	1,105,169	1,165,917	1,133,371
Nonaccrual Loans	2,641	2,310
Consumer | Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	14,929	19,390
Consumer | 30–89 Days Past Due and Still  Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	7,971	8,355
Consumer | Greater  Than 90 Days Past Due and Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	6,958	11,035
Consumer | Accruing Current Balances
Financing Receivable, Past Due [Line Items]
Total Loans	1,087,599	1,144,217
Commercial and industrial | Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	2,379,697	2,949,303	3,166,834
Nonaccrual Loans	14,261	13,816
Commercial and industrial | Commercial | Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	8,642	10,965
Commercial and industrial | Commercial | 30–89 Days Past Due and Still  Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	8,160	7,313
Commercial and industrial | Commercial | Greater  Than 90 Days Past Due and Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	482	3,652
Commercial and industrial | Commercial | Accruing Current Balances
Financing Receivable, Past Due [Line Items]
Total Loans	2,356,794	2,924,522
Owner-occupied commercial | Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	1,360,681	1,332,727	1,337,253
Nonaccrual Loans	2,781	5,360
Owner-occupied commercial | Commercial | Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	3,817	4,012
Owner-occupied commercial | Commercial | 30–89 Days Past Due and Still  Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	3,817	3,120
Owner-occupied commercial | Commercial | Greater  Than 90 Days Past Due and Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	0	892
Owner-occupied commercial | Commercial | Accruing Current Balances
Financing Receivable, Past Due [Line Items]
Total Loans	1,354,083	1,323,355
Commercial mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	2,024,684	2,086,062	2,165,547
Nonaccrual Loans	1,615	17,175
Commercial mortgages | Commercial | Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	3,000	7,034
Commercial mortgages | Commercial | 30–89 Days Past Due and Still  Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	3,000	5,944
Commercial mortgages | Commercial | Greater  Than 90 Days Past Due and Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	0	1,090
Commercial mortgages | Commercial | Accruing Current Balances
Financing Receivable, Past Due [Line Items]
Total Loans	2,020,069	2,061,853
Construction | Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	779,601	716,275	$ 638,504
Nonaccrual Loans	0	0
Construction | Commercial | Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	7,383	371
Construction | Commercial | 30–89 Days Past Due and Still  Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	7,383	371
Construction | Commercial | Greater  Than 90 Days Past Due and Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Construction | Commercial | Accruing Current Balances
Financing Receivable, Past Due [Line Items]
Total Loans	772,218	715,904
Student loans | Consumer | Total Past Due And Still Accruing
Financing Receivable, Past Due [Line Items]
Total Loans	$ 13,600	$ 18,200

ALLOWANCE FOR CREDIT LOSSES A_5

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Analysis of Collateral Dependent and Impaired Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	$ 21,261	$ 38,722
Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	2,763	3,186
Commercial | Commercial and industrial | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	11,498	10,646
Commercial | Commercial and industrial | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	2,763	3,170
Commercial | Owner-occupied commercial | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	2,781	5,360
Commercial | Owner-occupied commercial | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	0	0
Commercial | Commercial mortgages | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	1,615	17,175
Commercial | Commercial mortgages | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	0	0
Commercial | Construction | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	0	0
Commercial | Construction | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	0	0
Residential | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	2,726	3,247
Residential | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	0	0
Consumer | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	2,641	2,294
Consumer | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	$ 0	$ 16

ALLOWANCE FOR CREDIT LOSSES A_6

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)SecurityLoan	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)SecurityLoan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income on impaired loans	$ 200	$ 200	$ 400	$ 400
Loan workout and other credit costs	(552)	4,587	568	5,040
Troubled debt restructuring related reserves (less than)	200		$ 200		$ 100
Usual sustained repayment performance period			6 months
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of residential loans in the process of foreclosure | SecurityLoan			23		27
Total loans outstanding, residential loans			$ 1,300		$ 1,900
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of residential loans in the process of foreclosure | SecurityLoan			23		23
Total loans outstanding, residential loans			$ 11,800		$ 12,800
Residential and Consumer Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan workout and other credit costs	$ 200	$ 1,100	$ 700	$ 1,800
Impairment loans, charge off period			90 days

ALLOWANCE FOR CREDIT LOSSES A_7

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 8,255,890	$ 9,014,677	$ 9,336,369
Commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	296,353	1,336,436
2020	724,643	535,401
2019	441,513	383,110
2018	297,307	216,287
2017	194,881	114,764
Prior	224,214	177,504
Revolving loans amortized cost basis	5,527	6,245
Revolving loans converted to term	195,259	179,556
Total Loans	2,379,697	2,949,303	3,166,834
Gross loans	2,088,040	2,700,418
Commercial | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	270,308	1,250,528
2020	698,723	448,704
2019	347,351	296,594
2018	236,657	157,359
2017	144,007	97,036
Prior	172,211	125,361
Revolving loans amortized cost basis	5,500	6,182
Revolving loans converted to term	135,762	136,110
Total Loans	2,010,519	2,517,874
Commercial | Commercial and industrial | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	13,738	3,040
2020	659	26,470
2019	28,717	28,636
2018	10,786	8,482
2017	943	2,577
Prior	15,035	16,993
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	51,343	34,403
Total Loans	121,221	120,601
Commercial | Commercial and industrial | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
2021	12,307	82,868
2020	25,261	60,227
2019	65,445	57,880
2018	49,864	50,446
2017	49,931	15,151
Prior	36,968	35,150
Revolving loans amortized cost basis	27	63
Revolving loans converted to term	8,154	9,043
Total Loans	247,957	310,828
Commercial | Owner-occupied commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	145,977	225,393
2020	232,033	245,077
2019	224,665	107,625
2018	89,894	173,364
2017	162,214	139,603
Prior	353,164	292,414
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	152,734	149,251
Total Loans	1,360,681	1,332,727	1,337,253
Gross loans	1,360,681	1,332,727
Commercial | Owner-occupied commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	145,214	220,165
2020	223,752	225,766
2019	207,609	90,515
2018	75,082	135,903
2017	131,905	123,897
Prior	317,070	271,086
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	130,649	123,194
Total Loans	1,231,281	1,190,526
Commercial | Owner-occupied commercial | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	763	1,525
2020	1,124	5,885
2019	3,138	1,838
2018	482	17,578
2017	10,692	4,125
Prior	10,418	1,997
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	14,105	14,467
Total Loans	40,722	47,415
Commercial | Owner-occupied commercial | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	3,703
2020	7,157	13,426
2019	13,918	15,272
2018	14,330	19,883
2017	19,617	11,581
Prior	25,676	19,331
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	7,980	11,590
Total Loans	88,678	94,786
Commercial | Commercial mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2021	264,232	414,259
2020	335,826	310,180
2019	262,641	264,939
2018	184,820	281,028
2017	247,338	259,296
Prior	496,795	406,280
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	233,032	150,080
Total Loans	2,024,684	2,086,062	2,165,547
Gross loans	2,024,684	2,086,062
Commercial | Commercial mortgages | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	264,232	379,592
2020	314,468	283,004
2019	238,420	240,924
2018	181,718	257,809
2017	224,772	254,780
Prior	470,819	375,473
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	230,137	148,210
Total Loans	1,924,566	1,939,792
Commercial | Commercial mortgages | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	8,324
2020	8,168	1,774
2019	1,751	21,762
2018	885	21,269
2017	21,004	1,274
Prior	6,179	6,507
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	1,849	1,870
Total Loans	39,836	62,780
Commercial | Commercial mortgages | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	26,343
2020	13,190	25,402
2019	22,470	2,253
2018	2,217	1,950
2017	1,562	3,242
Prior	19,797	24,300
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	1,046	0
Total Loans	60,282	83,490
Commercial | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
2021	150,646	189,257
2020	208,583	223,604
2019	153,986	208,981
2018	142,891	14,929
2017	14,849	7,414
Prior	9,354	3,724
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	99,292	68,366
Total Loans	779,601	716,275	638,504
Gross loans	779,601	716,275
Commercial | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	137,727	189,257
2020	208,583	214,956
2019	149,019	208,981
2018	142,891	11,414
2017	11,236	7,414
Prior	9,283	3,645
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	93,945	66,018
Total Loans	752,684	701,685
Commercial | Construction | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	7,931	0
2020	0	0
2019	0	0
2018	0	3,515
2017	3,515	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	0
Total Loans	11,446	3,515
Commercial | Construction | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,988	0
2020	0	8,648
2019	4,967	0
2018	0	0
2017	98	0
Prior	71	79
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	5,347	2,348
Total Loans	15,471	11,075
Commercial | Paycheck Protection Program, CARES Act
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	222,900	751,200
Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2021	11,589	42,588
2020	35,442	26,309
2019	17,243	71,410
2018	43,732	85,277
2017	61,331	149,926
Prior	436,721	388,883
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	0
Total Loans	606,058	764,393	894,860
Gross loans	614,432	774,455
Residential | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
2021	11,589	42,475
2020	35,330	26,309
2019	17,243	71,410
2018	43,732	85,277
2017	61,268	149,643
Prior	431,902	383,358
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	0
Total Loans	601,064	758,472
Residential | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	113
2020	112	0
2019	0	0
2018	0	0
2017	63	283
Prior	4,819	5,525
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	0
Total Loans	4,994	5,921
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2021	65,016	235,948
2020	231,698	134,064
2019	98,984	251,723
2018	215,121	63,945
2017	48,127	44,700
Prior	75,185	53,717
Revolving loans amortized cost basis	363,493	373,238
Revolving loans converted to term	7,545	8,582
Total Loans	1,105,169	1,165,917	$ 1,133,371
Gross loans	1,105,169	1,165,917
Consumer | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
2021	65,016	235,948
2020	231,337	134,064
2019	98,951	251,087
2018	214,502	63,713
2017	47,934	44,700
Prior	75,185	53,717
Revolving loans amortized cost basis	362,142	371,842
Revolving loans converted to term	7,147	8,287
Total Loans	1,102,214	1,163,358
Consumer | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	361	0
2019	33	636
2018	619	232
2017	193	0
Prior	0	0
Revolving loans amortized cost basis	1,351	1,396
Revolving loans converted to term	398	295
Total Loans	$ 2,955	$ 2,559

ALLOWANCE FOR CREDIT LOSSES A_8

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Schedule of Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Performing TDRs	$ 14,997	$ 15,539
Nonperforming TDRs	2,694	4,601
Total TDRs	$ 17,691	$ 20,140

ALLOWANCE FOR CREDIT LOSSES A_9

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Schedule of Types of TDR (Details) - loan	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	4	11	23	21
Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	1
Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	2	0	3
Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	1
Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0		0
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	4	2	6
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	4	5	21	10
Contractual payment reduction and term extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	2	0	4
Contractual payment reduction and term extension | Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	1
Contractual payment reduction and term extension | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	2	0	3
Contractual payment reduction and term extension | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Contractual payment reduction and term extension | Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0		0
Contractual payment reduction and term extension | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Contractual payment reduction and term extension | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Maturity Date Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	1
Maturity Date Extension | Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Maturity Date Extension | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Maturity Date Extension | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	1
Maturity Date Extension | Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0		0
Maturity Date Extension | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Maturity Date Extension | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Discharged in bankruptcy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	3	7	22	11
Discharged in bankruptcy | Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Discharged in bankruptcy | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Discharged in bankruptcy | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Discharged in bankruptcy | Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0		0
Discharged in bankruptcy | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	3	2	4
Discharged in bankruptcy | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	3	4	20	7
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	1	2	1	5
Other | Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Other | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Other | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	0	0	0
Other | Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0		0
Other | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	0	1	0	2
Other | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Modification Total	1	1	1	3

ALLOWANCE FOR CREDIT LOSSES _10

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Schedule of Loans Identified as Troubled Debt Restructurings During Periods Indicated (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans identified during the period	$ 155,000	$ 1,717,000	$ 1,005,000	$ 2,936,000
Increase (decrease) in allowance for loan losses (less than)	100,000	100,000	100,000	100,000
Troubled debt restructurings charged off	$ 0	$ 0	$ 0	$ 0
TRD defaulted | loan	0	0	0	0
Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans identified during the period	$ 0	$ 905,000	$ 166,000	$ 1,126,000
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans identified during the period	155,000	245,000	839,000	459,000
Commercial and industrial | Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans identified during the period	0	0	0	31,000
Owner-occupied commercial | Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans identified during the period	0	567,000	0	1,216,000
Commercial mortgages | Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans identified during the period	$ 0	$ 0	$ 0	$ 104,000

LEASES - Lease Costs (Details)

LEASES - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 4,789	$ 4,950	$ 9,443	$ 9,500
Sublease income	(90)	(93)	(197)	(186)
Net lease cost	$ 4,699	$ 4,857	$ 9,246	$ 9,314
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	41 years		41 years

LEASES - Balance Sheet Informat

LEASES - Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Right of use assets	$ 150,291	$ 150,985
Lease liabilities	$ 165,057	$ 166,451
Weighted average remaining lease term (in years)	19 years 1 month 28 days	19 years 4 months 9 days
Weighted average discount rate	4.26%	4.26%

LEASES - Maturities (Details)

LEASES - Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Remaining in 2021	$ 8,780
2022	17,569
2023	17,692
2024	16,467
2025	16,478
After 2025	183,244
Total lease payments	260,230
Less: Interest	(95,173)
Present value of lease liabilities	$ 165,057	$ 166,451

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Operating cash flows from operating leases	$ 9,074	$ 9,328

LEASES - Direct Financing Lease

LEASES - Direct Financing Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Leases [Abstract]
Interest income on lease receivable	$ 5,102	$ 3,813	$ 9,726	$ 7,379
Interest income on deferred fees and costs, net	(438)	93	(756)	188
Total direct financing lease net interest income	4,664	$ 3,906	8,970	$ 7,567
Leasing receivables
Lease receivables	329,718		329,718		$ 281,601
Unearned income	(43,808)		(43,808)		(36,669)
Deferred fees and costs	5,747		5,747		3,953
Net investment in direct financing leases	$ 291,657		$ 291,657		$ 248,885

LEASES - Minimum Future Lease P

LEASES - Minimum Future Lease Payments to be Received (Details) $ in Thousands	Jun. 30, 2021USD ($)
Leases [Abstract]
Remaining in 2021	$ 53,731
2022	96,910
2023	78,809
2024	56,668
2025	34,903
After 2025	8,697
Total lease payments	$ 329,718

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Allocation of Goodwill to Our Reportable Operating Segments for Purposes of Goodwill Impairment Testing (Detail)	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill [Line Items]
Impairment loss	$ 0
Goodwill [Roll Forward]
Goodwill beginning balance	472,828,000
Goodwill adjustments	0
Goodwill ending balance	472,828,000
WSFS Bank
Goodwill [Roll Forward]
Goodwill beginning balance	452,629,000
Goodwill adjustments	0
Goodwill ending balance	452,629,000
Cash Connect
Goodwill [Roll Forward]
Goodwill beginning balance	0
Goodwill adjustments	0
Goodwill ending balance	0
Wealth Management
Goodwill [Roll Forward]
Goodwill beginning balance	20,199,000
Goodwill adjustments	0
Goodwill ending balance	$ 20,199,000

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Summary of Other Intangible Assets (Detail) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	$ 114,952,000	$ 114,952,000	$ 116,515,000
Accumulated Amortization	(35,829,000)	(35,829,000)	(31,957,000)
Total	79,123,000	79,123,000	84,558,000
Impairment loss		0
Core deposits
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	93,811,000	93,811,000	95,711,000
Accumulated Amortization	(25,469,000)	(25,469,000)	(22,727,000)
Total	68,342,000	$ 68,342,000	$ 72,984,000
Amortization Period		10 years	10 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	15,281,000	$ 15,281,000	$ 15,281,000
Accumulated Amortization	(7,238,000)	(7,238,000)	(6,600,000)
Total	8,043,000	$ 8,043,000	$ 8,681,000
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period		7 years	7 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period		15 years	15 years
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	221,000	$ 221,000	$ 221,000
Accumulated Amortization	(212,000)	(212,000)	(190,000)
Total	9,000	$ 9,000	$ 31,000
Amortization Period		5 years	5 years
Loan servicing rights
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	5,639,000	$ 5,639,000	$ 5,302,000
Accumulated Amortization	(2,910,000)	(2,910,000)	(2,440,000)
Total	2,729,000	2,729,000	2,862,000
Impairment loss	$ 100,000	$ 100,000	$ 200,000
Loan servicing rights | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period		10 years	10 years
Loan servicing rights | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period		25 years	25 years

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization expense on other intangible assets			$ 5,302	$ 5,528
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Amortization expense on other intangible assets	$ 2,700	$ 2,800	$ 5,300	$ 5,500

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Amortization Expense of Intangibles (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining in 2021	$ 5,647
2022	11,132
2023	10,980
2024	10,800
2025	10,544
Thereafter	30,020
Total	$ 79,123	$ 84,558

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Noninterest-bearing:
Noninterest demand	$ 4,328,060	$ 3,415,021
Total noninterest-bearing	4,328,060	3,415,021
Interest-bearing:
Interest-bearing demand	2,633,423	2,635,740
Savings	1,927,627	1,774,332
Money market	2,722,868	2,654,439
Customer time deposits	1,052,042	1,158,845
Brokered deposits	62,825	218,287
Total interest-bearing	8,398,785	8,441,643
Total deposits	$ 12,726,845	$ 11,856,664

ASSOCIATE BENEFIT PLANS - Addit

ASSOCIATE BENEFIT PLANS - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Jun. 30, 2021	Jun. 30, 2020
Postemployment Benefits [Abstract]
Requisite service period	10 years
Amortization of unrecognized gains losses exceed percentage		10.00%
Alliance | Pension Plan
Business Acquisition [Line Items]
Termination expense			$ 500

ASSOCIATE BENEFIT PLANS - Sched

ASSOCIATE BENEFIT PLANS - Schedule of Net Periodic Benefit Cost Components of Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Postretirement Health Coverage
Business Acquisition [Line Items]
Service cost	$ 17	$ 15	$ 34	$ 30
Interest cost	13	17	26	34
Prior service cost amortization	(19)	(19)	(38)	(38)
Net loss (gain) recognition	(5)	(9)	(10)	(18)
Net periodic cost (benefit)	6	4	12	8
Pension Plan | Alliance
Business Acquisition [Line Items]
Service cost		7		17
Interest cost		42		105
Expected return on plan assets		(79)		(196)
Plan settlement loss		1,431		1,431
Net periodic cost (benefit)		1,401		1,357
Pension Plan | Beneficial
Business Acquisition [Line Items]
Service cost	0	0	0	0
Interest cost	530	740	1,060	1,455
Expected return on plan assets	(1,705)	(1,588)	(3,410)	(3,182)
Prior service cost amortization	0		0
Net loss (gain) recognition	7	1	13	2
Net periodic cost (benefit)	(1,168)	(847)	(2,337)	(1,725)
Other Postretirement Benefits Plan | Beneficial
Business Acquisition [Line Items]
Service cost	15	29	29	58
Interest cost	77	138	154	275
Expected return on plan assets	0	0	0	0
Prior service cost amortization	(3)		(6)
Net loss (gain) recognition	0	(16)	0	(32)
Net periodic cost (benefit)	$ 89	$ 151	$ 177	$ 301

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Jan. 01, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Tax Credit Carryforward [Line Items]
Unrecognized tax benefits		$ 0		$ 0
Provision for credit losses	$ 8,500,000
Tax benefit from CARES Act				1,700,000
Amortization method qualified affordable housing project investments, amortization		900,000	$ 800,000	1,800,000	$ 1,600,000
Tax benefits recorded as income tax expense				300,000
Carrying value of investment in affordable housing credits		24,800,000		24,800,000		$ 26,600,000
Tax Credit
Tax Credit Carryforward [Line Items]
Affordable housing tax credits		$ 1,800,000		$ 1,800,000

FAIR VALUE DISCLOSURES OF FIN_3

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES - Schedule of Financial Instruments Carried at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	$ 3,366,579	$ 2,529,057
Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets	8,606	14,448
Other liabilities	26,609	32,257
Total assets	3,375,185	2,543,505
Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	1,044	3,061
Total assets	129,865	210,143
Collateralized mortgage obligation (CMO)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	618,419	471,325
Collateralized mortgage obligation (CMO) | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	618,419	471,325
Fannie Mae (FNMA) MBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	2,329,787	1,598,970
Fannie Mae (FNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	2,329,787	1,598,970
Freddie Mac (FHLMC) MBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	171,998	202,893
Freddie Mac (FHLMC) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	171,998	202,893
Ginnie Mae (GNMA) MBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	22,402	23,762
Ginnie Mae (GNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	22,402	23,762
Government-sponsored enterprises (GSEs) agency notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	223,973	232,107
Government-sponsored enterprises (GSEs) agency notes | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	223,973	232,107
Other investments | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other investments	15,648	9,541
Loans held for sale | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held for sale	113,173	197,541
Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets	0	0
Other liabilities	0	0
Total assets	0	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	0	0
Total assets	5,604	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Collateralized mortgage obligation (CMO) | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Fannie Mae (FNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Freddie Mac (FHLMC) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Ginnie Mae (GNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Government-sponsored enterprises (GSEs) agency notes | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Other investments | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other investments	5,604	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Loans held for sale | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held for sale	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets	8,606	14,448
Other liabilities	4,464	8,218
Total assets	3,375,185	2,543,505
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	0	0
Total assets	113,173	197,541
Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligation (CMO) | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	618,419	471,325
Significant Other Observable Inputs (Level 2) | Fannie Mae (FNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	2,329,787	1,598,970
Significant Other Observable Inputs (Level 2) | Freddie Mac (FHLMC) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	171,998	202,893
Significant Other Observable Inputs (Level 2) | Ginnie Mae (GNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	22,402	23,762
Significant Other Observable Inputs (Level 2) | Government-sponsored enterprises (GSEs) agency notes | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	223,973	232,107
Significant Other Observable Inputs (Level 2) | Other investments | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other investments	0	0
Significant Other Observable Inputs (Level 2) | Loans held for sale | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held for sale	113,173	197,541
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets	0	0
Other liabilities	22,145	24,039
Total assets	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	1,044	3,061
Total assets	11,088	12,602
Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligation (CMO) | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Fannie Mae (FNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Freddie Mac (FHLMC) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Ginnie Mae (GNMA) MBS | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Government-sponsored enterprises (GSEs) agency notes | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Other investments | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other investments	10,044	9,541
Significant Unobservable Inputs (Level 3) | Loans held for sale | Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held for sale	$ 0	$ 0

FAIR VALUE DISCLOSURES OF FIN_4

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES - Additional Information (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Commitments of lending operations	$ 0	$ 0
Swap Guarantee
Derivative [Line Items]
Derivative liability	$ 13,000,000	$ 12,800,000

FAIR VALUE DISCLOSURES OF FIN_5

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES - Fair Value Measurement Inputs and Valuation Techniques (Details) - Significant Unobservable Inputs (Level 3) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Observed market comparable transactions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other investments	$ 15,648
Fair market value of collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 1,044
Fair market value of collateral | Costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	0.100
Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities	$ 22,145
Discounted cash flow | Timing of Visa litigation resolution | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities	2 years 3 months
Discounted cash flow | Timing of Visa litigation resolution | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities	7 years 3 months
Discounted cash flow | Timing of Visa litigation resolution | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities	5 years

FAIR VALUE DISCLOSURES OF FIN_6

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES - Book Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial assets:
Investment securities available-for-sale	$ 3,366,579	$ 2,529,057
Loans and leases, net	8,131,846	8,795,935
Stock in FHLB of Pittsburgh	6,090	5,771
Accrued interest receivable	40,275	44,335
Financial liabilities:
Deposits	12,726,845	11,856,664
Accrued interest payable	1,977	1,450
Book Value | Quoted Prices in Active Markets for Identical Asset (Level 1)
Financial assets:
Cash, cash equivalents, and restricted cash	2,421,113	1,654,735
Other investments	15,648	9,541
Book Value | Significant Other Observable Inputs (Level 2)
Financial assets:
Investment securities available-for-sale	3,366,579	2,529,057
Investment securities held-to-maturity, net	95,126	111,741
Loans, held for sale	113,173	197,541
Stock in FHLB of Pittsburgh	6,090	5,771
Accrued interest receivable	40,275	44,335
Other assets	8,606	14,448
Financial liabilities:
Deposits	12,726,845	11,856,664
Borrowed funds	236,470	340,641
Accrued interest payable	1,977	1,450
Other liabilities	26,609	32,257
Book Value | Significant Unobservable Inputs (Level 3)
Financial assets:
Other investments	15,648	9,541
Loans and leases, net	8,131,846	8,795,935
Financial liabilities:
Standby letters of credit	586	630
Other liabilities	26,609	32,257
Fair Value | Quoted Prices in Active Markets for Identical Asset (Level 1)
Financial assets:
Cash, cash equivalents, and restricted cash	2,421,113	1,654,735
Other investments	15,648	9,541
Fair Value | Significant Other Observable Inputs (Level 2)
Financial assets:
Investment securities available-for-sale	3,366,579	2,529,057
Investment securities held-to-maturity, net	99,266	116,421
Loans, held for sale	113,173	197,541
Stock in FHLB of Pittsburgh	6,090	5,771
Accrued interest receivable	40,275	44,335
Other assets	8,606	14,448
Financial liabilities:
Deposits	12,734,333	11,868,897
Borrowed funds	224,106	340,106
Accrued interest payable	1,977	1,450
Other liabilities	26,609	32,257
Fair Value | Significant Unobservable Inputs (Level 3)
Financial assets:
Other investments	15,648	9,541
Loans and leases, net	8,208,084	9,130,003
Financial liabilities:
Standby letters of credit	586	630
Other liabilities	$ 26,609	$ 32,257

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Notional	$ 593,933	$ 801,542
Total derivatives	(18,003)	(17,809)
Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional		113,177
Derivative Liability		(24,039)
Interest rate products | Other assets | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	57,781	61,326
Derivative Asset	3,754	5,369
Interest rate products | Other liabilities | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	57,781	61,326
Derivative Liability	(4,034)	(5,851)
Risk participation agreements | Other liabilities | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	4,293	4,372
Derivative Liability	(5)	(10)
Interest rate lock commitments with customers | Other assets | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	182,616	244,037
Derivative Asset	4,342	8,496
Interest rate lock commitments with customers | Other liabilities | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	10,406	8,413
Derivative Liability	(202)	(117)
Forward sale commitments | Other assets | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	85,611	50,705
Derivative Asset	510	583
Forward sale commitments | Other liabilities | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	82,268	258,186
Derivative Liability	(223)	$ (2,240)
Financial derivatives related to sales of certain Visa Class B shares | Other liabilities | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional	113,177
Derivative Liability	$ (22,145)

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021USD ($)loaninstitution	Jun. 30, 2021USD ($)loaninstitution	Dec. 31, 2020USD ($)loan	Apr. 30, 2020USD ($)instrument
Derivative [Line Items]
Number of instruments terminated | instrument				3
Termination value of derivatives	$ (18,003)	$ (18,003)	$ (17,809)
Interest rate cash flow hedge increase decrease interest expense to be reclassified during next 12 months net	300	300
Interest rate cash flow hedge gain (loss) reclassified to earnings, net	$ (100)	$ (300)
Number of financial institutions | institution	4	4
Number of variable-rate to fixed-rate swap transactions | loan	248	248	234
Notional amount	$ 593,933	$ 593,933	$ 801,542
Minimum
Derivative [Line Items]
Remaining maturity period		1 year
Maximum
Derivative [Line Items]
Remaining maturity period		14 years
Interest rate swap
Derivative [Line Items]
Number of variable-rate to fixed-rate swap transactions | loan	206	206	231
Notional amount	$ 1,100,000	$ 1,100,000	$ 1,100,000
Derivative liability	50,200	50,200	81,600
Swap Guarantee
Derivative [Line Items]
Derivative liability	13,000	13,000	$ 12,800
Securities
Derivative [Line Items]
Collateral value against obligations	6,500	6,500
Cash
Derivative [Line Items]
Collateral value against obligations	$ 6,100	$ 6,100
Designated as Hedging Instrument
Derivative [Line Items]
Termination value of derivatives				$ 1,300

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Effect of Derivative Instruments on the Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative [Line Items]
Amount of Gain Recognized in OCI on Derivative (Effective Portion)		$ (25)		$ 1,560
Derivatives not designated as hedging instruments
Derivative [Line Items]
Amount of (Loss) or Gain Recognized in Income	$ (3,565)	739	$ (705)	(257)
Interest Rate Products | Interest income
Derivative [Line Items]
Amount of Gain Recognized in OCI on Derivative (Effective Portion)		(25)		1,560
Interest rate lock commitments with customers | Derivatives not designated as hedging instruments | Mortgage banking activities, net
Derivative [Line Items]
Amount of (Loss) or Gain Recognized in Income	(823)	3,178	(4,087)	6,227
Forward sale commitments | Derivatives not designated as hedging instruments | Mortgage banking activities, net
Derivative [Line Items]
Amount of (Loss) or Gain Recognized in Income	$ (2,742)	$ (2,439)	$ 3,382	$ (6,484)

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021segment
Segment Reporting [Abstract]
Number of segments	3

SEGMENT INFORMATION - Segment R

SEGMENT INFORMATION - Segment Results (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Interest income	$ 112,902	$ 125,883	$ 234,183	$ 259,738
Noninterest income	49,018	64,375	96,840	105,222
Total revenue	161,920	190,258	331,023	364,960
Interest expense	6,153	12,127	13,249	29,832
Noninterest expenses	96,032	93,435	191,651	181,931
(Recovery of) provision for credit losses	(67,563)	94,754	(87,723)	151,400
Total expenses	34,622	200,316	117,177	363,163
Income (loss) before taxes	127,298	(10,058)	213,846	1,797
Income tax provision (benefit)	31,687	(2,247)	53,094	(959)
Net income (loss)	95,611	(7,811)	160,752	2,756
Less: Net income (loss) attributable to noncontrolling interest	(56)	(700)	3	(1,060)
Net income (loss) attributable to WSFS	95,667	(7,111)	160,749	3,816
Capital expenditures for the period ended			3,005	2,830
Operating Segments
Segment Reporting Information [Line Items]
Interest income	112,902	125,883	234,183	259,738
Noninterest income	49,018	64,375	96,840	105,222
Total revenue	170,742	197,951	348,035	380,754
Interest expense	6,153	12,127	13,249	29,832
Noninterest expenses	96,032	93,435	191,651	181,931
Total expenses	43,444	208,009	134,189	378,957
Income (loss) before taxes	127,298	(10,058)	213,846	1,797
Capital expenditures for the period ended	1,735	299	3,005	2,830
Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	4,201	3,616	8,009	8,408
Noninterest income	4,621	4,077	9,003	7,386
Total revenue	8,822	7,693	17,012	15,794
Interest expense	4,201	3,616	8,009	8,408
Noninterest expenses	4,621	4,077	9,003	7,386
Total expenses	8,822	7,693	17,012	15,794
WSFS Bank
Segment Reporting Information [Line Items]
Total revenue	133,007	168,014	275,486	317,395
(Recovery of) provision for credit losses	(66,385)	93,819	(85,978)	148,853
Total expenses	20,078	185,267	87,933	330,133
WSFS Bank | Operating Segments
Segment Reporting Information [Line Items]
Interest income	110,725	123,710	229,856	255,019
Noninterest income	22,282	44,304	45,630	62,376
Total revenue	137,639	172,493	284,657	326,724
Interest expense	5,983	11,659	12,887	28,406
Noninterest expenses	80,480	79,789	161,024	152,874
Total expenses	24,268	188,481	95,774	336,598
Income (loss) before taxes	113,371	(15,988)	188,883	(9,874)
Capital expenditures for the period ended	1,735	155	3,005	2,437
WSFS Bank | Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	842	937	1,686	2,880
Noninterest income	3,790	3,542	7,485	6,449
Total revenue	4,632	4,479	9,171	9,329
Interest expense	3,359	2,679	6,323	5,528
Noninterest expenses	831	535	1,518	937
Total expenses	4,190	3,214	7,841	6,465
Cash Connect
Segment Reporting Information [Line Items]
Total revenue	11,213	9,008	20,915	20,687
(Recovery of) provision for credit losses	0	0	0	0
Total expenses	7,288	6,413	14,586	14,636
Cash Connect | Operating Segments
Segment Reporting Information [Line Items]
Interest income	0	0	0	0
Noninterest income	11,213	9,008	20,915	20,687
Total revenue	11,857	9,433	22,114	21,341
Interest expense	0	0	0	0
Noninterest expenses	7,288	6,413	14,586	14,636
Total expenses	8,599	7,443	17,164	17,361
Income (loss) before taxes	3,258	1,990	4,950	3,980
Capital expenditures for the period ended	0	45	0	256
Cash Connect | Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	328	237	597	237
Noninterest income	316	188	602	417
Total revenue	644	425	1,199	654
Interest expense	207	131	387	1,085
Noninterest expenses	1,104	899	2,191	1,640
Total expenses	1,311	1,030	2,578	2,725
Wealth Management
Segment Reporting Information [Line Items]
Total revenue	17,700	13,236	34,622	26,878
(Recovery of) provision for credit losses	(1,178)	935	(1,745)	2,547
Total expenses	7,256	8,636	14,658	18,394
Wealth Management | Operating Segments
Segment Reporting Information [Line Items]
Interest income	2,177	2,173	4,327	4,719
Noninterest income	15,523	11,063	30,295	22,159
Total revenue	21,246	16,025	41,264	32,689
Interest expense	170	468	362	1,426
Noninterest expenses	8,264	7,233	16,041	14,421
Total expenses	10,577	12,085	21,251	24,998
Income (loss) before taxes	10,669	3,940	20,013	7,691
Capital expenditures for the period ended	0	99	0	137
Wealth Management | Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	3,031	2,442	5,726	5,291
Noninterest income	515	347	916	520
Total revenue	3,546	2,789	6,642	5,811
Interest expense	635	806	1,299	1,795
Noninterest expenses	2,686	2,643	5,294	4,809
Total expenses	$ 3,321	$ 3,449	$ 6,593	$ 6,604

SEGMENT INFORMATION - Details o

SEGMENT INFORMATION - Details of Segment Information - Statement of Financial Condition (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 2,421,113	$ 1,654,735
Goodwill	472,828	472,828
Other segment assets	12,254,920	12,206,351
Total assets	15,148,861	14,333,914
WSFS Bank
Segment Reporting Information [Line Items]
Cash and cash equivalents	1,945,167	1,246,394
Goodwill	452,629	452,629
Other segment assets	12,007,263	11,963,345
Total assets	14,405,059	13,662,368
Cash Connect
Segment Reporting Information [Line Items]
Cash and cash equivalents	465,667	397,878
Goodwill	0	0
Other segment assets	5,845	6,997
Total assets	471,512	404,875
Wealth Management
Segment Reporting Information [Line Items]
Cash and cash equivalents	10,279	10,463
Goodwill	20,199	20,199
Other segment assets	241,812	236,009
Total assets	$ 272,290	$ 266,671

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)transaction	Jun. 30, 2020USD ($)transaction	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Guarantor Obligations [Line Items]
Provision for losses at the time of sale	$ (67,563,000)	$ 94,754,000	$ (87,723,000)	$ 151,400,000
Allowance for credit losses	132,418,000	232,192,000	132,418,000	232,192,000	$ 204,818,000	$ 228,804,000	$ 139,073,000	$ 47,576,000
(Recovery of) provision for credit losses	(67,563,000)	94,754,000	(87,723,000)	151,400,000
Unfunded Lending Commitment
Guarantor Obligations [Line Items]
Provision for losses at the time of sale	(800,000)	3,400,000	(200,000)	3,300,000
Allowance for credit losses	8,100,000		8,100,000			$ 8,200,000
(Recovery of) provision for credit losses	$ (800,000)	$ 3,400,000	(200,000)	$ 3,300,000
Secondary Market Loan Sales
Guarantor Obligations [Line Items]
Provision for losses at the time of sale			$ 0
Number of loans repurchased | transaction			0	0
(Recovery of) provision for credit losses			$ 0

CHANGE IN ACCUMULATED OTHER C_3

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME - Components of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			$ 1,791,726
Other comprehensive (loss) income before reclassifications	$ 24,095	$ 3,685	(45,221)	$ 51,342
Less: Amounts reclassified from accumulated other comprehensive income	(155)	(1,439)	(548)	(2,063)
Net current-period other comprehensive income (loss)	23,940	2,246	(45,769)	49,279
Ending Balance	1,884,054		1,884,054
Net change in investment securities available-for-sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(9,957)	72,436	59,882	26,927
Other comprehensive (loss) income before reclassifications	24,104	3,703	(45,485)	49,739
Less: Amounts reclassified from accumulated other comprehensive income	0	(1,450)	(250)	(1,977)
Net current-period other comprehensive income (loss)	24,104	2,253	(45,735)	47,762
Ending Balance	14,147	74,689	14,147	74,689
Net change in investment securities held-to-maturity
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	260	403	276	468
Other comprehensive (loss) income before reclassifications	0	0	0	0
Less: Amounts reclassified from accumulated other comprehensive income	(28)	(57)	(44)	(122)
Net current-period other comprehensive income (loss)	(28)	(57)	(44)	(122)
Ending Balance	232	346	232	346
Net change in defined benefit plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(4,804)	(3,313)	(4,788)	(3,317)
Other comprehensive (loss) income before reclassifications	(9)	7	(9)	43
Less: Amounts reclassified from accumulated other comprehensive income	(15)	179	(31)	147
Net current-period other comprehensive income (loss)	(24)	186	(40)	190
Ending Balance	(4,828)	(3,127)	(4,828)	(3,127)
Net change in fair value of derivatives used for cash flow hedges (1)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	535	1,008	646	(577)
Other comprehensive (loss) income before reclassifications	0	(25)	0	1,560
Less: Amounts reclassified from accumulated other comprehensive income	(112)	(111)	(223)	(111)
Net current-period other comprehensive income (loss)	(112)	(136)	(223)	1,449
Ending Balance	423	872	423	872
Net change in equity method investments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	264	0	(9)	0
Other comprehensive (loss) income before reclassifications	0	0	273	0
Less: Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Net current-period other comprehensive income (loss)	0	0	273	0
Ending Balance	264	0	264	0
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(13,702)	70,534	56,007	23,501
Ending Balance	$ 10,238	$ 72,780	$ 10,238	$ 72,780

CHANGE IN ACCUMULATED OTHER C_4

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME - Components of Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains on securities transactions	$ 0	$ 1,908	$ 329	$ 2,601
Income taxes	(31,687)	2,247	(53,094)	959
Income (loss) before taxes	127,298	(10,058)	213,846	1,797
Net income (loss) attributable to WSFS	95,667	(7,111)	160,749	3,816
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss) attributable to WSFS	(155)	(1,439)	(548)	(2,063)
Reclassification out of Accumulated Other Comprehensive Income | Net change in defined benefit plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	5	10	10	21
Prior service costs (credits)	(22)	(19)	(44)	(38)
Actuarial losses (gains)	2	(24)	3	(48)
Income (loss) before taxes	(20)	(43)	(41)	(86)
Net income (loss) attributable to WSFS	(15)	(33)	(31)	(65)
Reclassification out of Accumulated Other Comprehensive Income | Defined benefit pension plan settlement
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	0	(67)	0	(67)
Actuarial losses (gains)	0	279	0	279
Net income (loss) attributable to WSFS	0	212	0	212
Reclassification out of Accumulated Other Comprehensive Income | Net unrealized gains on terminated cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	35	35	70	35
Amortization of net unrealized gains to income during the period	(147)	(146)	(293)	(146)
Net income (loss) attributable to WSFS	(112)	(111)	(223)	(111)
Reclassification out of Accumulated Other Comprehensive Income | Realized Gains on Securities Transactions | Net change in investment securities available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains on securities transactions	0	(1,908)	(329)	(2,601)
Income taxes	0	458	79	624
Net income (loss) attributable to WSFS	0	(1,450)	(250)	(1,977)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of Net Unrealized Gains to Income During Period | Net change in investment securities available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	9	18	14	38
Amortization of net unrealized gains to income during the period	(37)	(75)	(58)	(160)
Net income (loss) attributable to WSFS	$ (28)	$ (57)	$ (44)	$ (122)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020loan	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Dec. 31, 2020USD ($)
Related Party Transaction [Line Items]
Total deposits from related parties	$ 6,700,000		$ 6,700,000		$ 8,300,000
Loans
Related Party Transaction [Line Items]
Maximum loan capacity			$ 500,000	$ 500,000
Number of loans exceeding capacity due to related party | loan	0	2	0	2
Related party loan repayment	$ 400,000		$ 400,000		$ 200,000
New Loans And Credit Line Advance To Related Parties
Related Party Transaction [Line Items]
New loans and credit line advance to related parties	0
Repayments of related party debt	$ 100,000

LEGAL AND OTHER PROCEEDINGS (De

LEGAL AND OTHER PROCEEDINGS (Details) - USD ($)	Feb. 27, 2018	Sep. 30, 2018	Jun. 30, 2021	Mar. 31, 2017
Loss Contingencies [Line Items]
Additions to other significant pending legal or other proceedings			$ 0
Universitas Education, LLC | Settled Litigation
Loss Contingencies [Line Items]
Loss related to litigation settlement	$ 12,000,000
Proceeds from arbitration settlement and legal costs		$ 7,900,000
NHT | Pending Litigation
Loss Contingencies [Line Items]
Face amount				$ 6,300,000