WSFS Financial (WSFS) 10-K 28 Feb 23 2022 FY Annual report Financial data

COVER PAGE

COVER PAGE - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 23, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
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 Avenue
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, $0.01 par value
Trading Symbol	WSFS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 2,526,040,953
Entity Common Stock, Shares Outstanding		61,471,013
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s Proxy Statement for the 2023 Annual Meeting of Stockholders are incorporated by reference in Part III hereof.
Entity Central Index Key	0000828944
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY

AUDIT INFORMATION

AUDIT INFORMATION	12 Months Ended
	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Philadelphia, PA
Auditor Firm ID	185

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest income:
Interest and fees on loans and leases	$ 582,754	$ 393,248	$ 460,394
Interest on mortgage-backed securities	106,606	55,802	48,377
Interest and dividends on investment securities:
Taxable	2,812	2,805	1,191
Tax-exempt	4,087	2,719	3,428
Other interest income	7,556	1,795	1,015
Total interest income	703,815	456,369	514,405
Interest expense:
Interest on deposits	28,181	14,923	39,262
Interest on Federal Home Loan Bank advances	538	5	1,950
Interest on senior and subordinated debt	8,246	6,497	4,998
Interest on trust preferred borrowings	3,482	1,274	1,751
Interest on federal funds purchased	443	0	471
Interest on other borrowings	35	21	18
Total interest expense	40,925	22,720	48,450
Net interest income	662,890	433,649	465,955
Provision for (recovery of) credit losses	48,089	(117,087)	153,180
Net interest income after provision for (recovery of) credit losses	614,801	550,736	312,775
Noninterest income:
Loan and lease fee income	6,275	7,533	4,518
Security gains, net	0	331	9,076
Unrealized gains on equity investments, net	5,980	5,141	761
Realized (loss) gain on sale of equity investment, net	0	(706)	22,052
Bank owned life insurance income	1,804	1,251	1,280
Total non interest income	260,134	185,480	201,025
Noninterest expense:
Salaries, benefits and other compensation	283,905	214,167	194,317
Occupancy expense	40,885	32,802	32,105
Equipment expense	40,994	29,040	23,793
Professional fees	18,497	15,614	18,757
Data processing and operations expenses	20,876	14,074	12,600
Marketing expense	7,230	5,413	5,677
FDIC expenses	6,098	4,081	2,148
Loan workout and other credit costs	702	663	6,899
Corporate development expense	42,749	11,676	4,328
Restructuring expense	22,473	1,346	510
Recovery of legal settlement	0	(15,000)	0
Loss on early extinguishment of debt	0	1,087	2,280
Other operating expense	89,917	63,553	65,430
Total non interest expenses	574,326	378,516	368,844
Income before taxes	300,609	357,700	144,956
Income tax provision	77,961	86,095	31,636
Net income	222,648	271,605	113,320
Less: Net income (loss) attributable to noncontrolling interest	273	163	(1,454)
Net income attributable to WSFS	$ 222,375	$ 271,442	$ 114,774
Basic earnings per share (in dollars per share)	$ 3.50	$ 5.71	$ 2.27
Diluted earnings per share (in dollars per share)	$ 3.49	$ 5.69	$ 2.27
Credit/debit card and ATM income
Noninterest income:
Noninterest income	$ 40,088	$ 29,479	$ 35,014
Investment management and fiduciary revenue
Noninterest income:
Noninterest income	121,608	62,348	48,979
Deposit service charges
Noninterest income:
Noninterest income	24,484	22,090	19,999
Mortgage banking activities, net
Noninterest income:
Noninterest income	7,271	23,216	30,201
Other income
Noninterest income:
Noninterest income	$ 52,624	$ 34,797	$ 29,145

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income		$ 222,648	$ 271,605	$ 113,320
Less: Net income (loss) attributable to noncontrolling interest		273	163	(1,454)
Net income attributable to WSFS		222,375	271,442	114,774
Net change in unrealized (losses) gains on investment securities available-for-sale
Net unrealized (losses) gains arising during the period, net of tax (benefit) expense of $(167,261), $(29,523), and $12,585, respectively		(529,660)	(93,503)	39,853
Less: reclassification adjustment for net gains on sales realized in net income, net of tax expense of $—, $80, and $2,178, respectively		0	(252)	(6,898)
Net change in unrealized gains (losses) on investment securities available-for-sale		(529,660)	(93,755)	32,955
Net change in securities held-to-maturity
Amortization of unrealized losses on securities reclassified to held-to-maturity, net of tax expense of $34,319, $32, and $60, respectively	[1],[2]	(108,678)	(101)	(192)
Net change in unfunded pension liability
Change in unfunded pension liability related to unrealized gain (loss), prior service cost and transition obligation, net of tax (benefit) expense of $(5), $50, and $(585), respectively		209	97	(1,683)
Pension settlement, net of tax expense of $—, $— and $67, respectively		0	0	212
Net change in unfunded pension liability		209	97	(1,471)
Net change in cash flow hedge
Net unrealized gain arising during the period, net of tax expense of $—, $—, and $493, respectively		0	0	1,560
Amortization of unrealized gain on terminated cash flow hedges, net of tax benefit of $51, $119 and $106, respectively		(160)	(378)	(337)
Net change in cash flow hedge		(160)	(378)	1,223
Net change in equity method investments
Net change in other comprehensive income (loss) of equity method investments, net of tax expense (benefit) of $67, $114, and $(3), respectively		213	362	(9)
Total other comprehensive (loss) income		(638,076)	(93,775)	32,506
Total comprehensive (loss) income		$ (415,701)	$ 177,667	$ 147,280
[1] Includes $119.8 million, net of tax benefit, of unrealized losses on transferred investment securities with a book value of $1.1 billion from available-for-sale to held-to-maturity for the year ended December 31, 2022 .

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net change in unrealized gains (losses), tax (benefit) expense	$ (167,261)	$ (29,523)	$ 12,585
Reclassification adjustment for gains, tax expense	0	80	2,178
Amortization of unrealized gain on securities reclassified to held-to-maturity, tax expense	34,319	(32)	(60)
Change in unfunded pension liability related to unrealized gain (loss), prior service cost and transition obligation, tax expense (benefit)	(5)	50	(585)
Pension settlement, tax	0	0	67
Net change in cash flow hedge, tax expense	0	0	493
Amortization of unrealized gain on terminated cash flow hedges, tax benefit	(51)	119	106
Equity method investment tax expense (benefit)	67	$ 114	$ (3)
Fannie Mae (FNMA) mortgage-backed securities (MBS)
Amortization of unrealized gain on securities reclassified to held-to-maturity, tax expense	(119,800)
Securities transferred to held-to-maturity from available-for-sale, book value	$ 1,100,000

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	$ 332,961	$ 1,046,992
Cash in non-owned ATMs	499,017	480,527
Interest-bearing deposits in other banks including collateral (restricted cash) of $4,650 at December 31, 2022 and $5,050 at December 31, 2021	5,280	5,420
Total cash, cash equivalents, and restricted cash	837,258	1,532,939
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	4,093,060	5,205,311
Investment securities, held to maturity, net of allowance for credit losses of $10 at December 31, 2022 and $4 at December 31, 2021 (fair value $1,040,104 at December 31, 2022 and $94,131 at December 31, 2021)	1,111,619	90,642
Other investments	26,120	10,518
Loans held for sale at fair value	42,985	113,349
Loans and leases, net of allowance of $151,861 at December 31, 2022 and $94,507 at December 31, 2021	11,759,992	7,791,482
Bank-owned life insurance	101,935	33,099
Stock in Federal Home Loan Bank of Pittsburgh, at cost	24,116	6,073
Other real estate owned	833	2,320
Accrued interest receivable	74,448	41,596
Premises and equipment	115,603	87,295
Goodwill	883,637	472,828
Intangible assets	128,595	74,403
Other assets	714,554	315,472
Total assets	19,914,755	15,777,327
Deposits:
Noninterest-bearing	5,739,647	4,565,143
Interest-bearing demand	10,463,922	8,674,919
Total deposits	16,203,569	13,240,062
Federal Home Loan Bank advances	350,000	0
Trust preferred borrowings	90,442	67,011
Senior and subordinated debt	248,169	147,939
Other borrowed funds	38,283	24,527
Accrued interest payable	5,174	736
Other liabilities	777,232	360,036
Total liabilities	17,712,869	13,840,311
Stockholders’ Equity:
Common stock 0.01 par value, shares authorized of 90,000,000; shares issued of 75,921,997 at December 31, 2022 and 57,695,676 at December 31, 2021	759	577
Capital in excess of par value	1,974,210	1,058,997
Accumulated other comprehensive (loss) income	(675,844)	(37,768)
Retained earnings	1,411,243	1,224,614
Treasury stock at cost, 14,310,085 shares at December 31, 2022 and 10,086,936 shares at December 31, 2021	(505,255)	(307,321)
Total stockholders’ equity of WSFS	2,205,113	1,939,099
Noncontrolling interest	(3,227)	(2,083)
Total stockholders’ equity	2,201,886	1,937,016
Total liabilities and stockholders’ equity	$ 19,914,755	$ 15,777,327

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Interest-bearing deposits in other banks, collateral	$ 4,650	$ 5,050
Amortized Cost	4,834,550	5,249,882
Allowance for credit losses on held-to-maturity debt securities	10	4
Investment securities, held-to-maturity-at cost, fair value	1,040,104	94,131
Allowance for credit losses on loans and leases	$ 151,861	$ 94,507
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)	75,921,997	57,695,676
Treasury stock (in shares)	14,310,085	10,086,936

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)	Total Stockholders’ Equity of WSFS	Total Stockholders’ Equity of WSFS Cumulative change in accounting principle	Total Stockholders’ Equity of WSFS Balance, January 1, 2020 (as adjusted for change in accounting principle)	Common Stock	Common Stock Balance, January 1, 2020 (as adjusted for change in accounting principle)	Capital in Excess of Par Value	Capital in Excess of Par Value Balance, January 1, 2020 (as adjusted for change in accounting principle)	Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income Balance, January 1, 2020 (as adjusted for change in accounting principle)	Retained Earnings	Retained Earnings Cumulative change in accounting principle	Retained Earnings Balance, January 1, 2020 (as adjusted for change in accounting principle)	Treasury Stock	Treasury Stock Balance, January 1, 2020 (as adjusted for change in accounting principle)	Non-controlling Interest	Non-controlling Interest Balance, 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	$ 1,850,306	$ (30,368)	$ 1,819,938	$ 575	$ 575	$ 1,049,064	$ 1,049,064	$ 23,501	$ 23,501	$ 917,377	$ (30,368)	$ 887,009	$ (140,211)	$ (140,211)	$ (815)	$ (815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		113,320			114,774									114,774					(1,454)
Other comprehensive income (loss)		32,506			32,506							32,506
Cash dividend		(24,369)			(24,369)									(24,369)
Issuance of common stock including proceeds from exercise of common stock options (in shares)								140,125
Issuance of common stock including proceeds from exercise of common stock options		2,032			2,032			$ 1		2,031
Contributions from noncontrolling shareholders		23																	23
Stock-based compensation expense		2,677			2,677					2,677
Repurchases of common stock		(155,832)			(155,832)					(750)							(155,082)
Ending Balance (in shares) at Dec. 31, 2020								57,575,783
Ending balance at Dec. 31, 2020		1,789,480			1,791,726			$ 576		1,053,022		56,007		977,414			(295,293)		(2,246)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		271,605			271,442									271,442					163
Other comprehensive income (loss)		(93,775)			(93,775)							(93,775)
Cash dividend		(24,242)			(24,242)									(24,242)
Issuance of common stock including proceeds from exercise of common stock options (in shares)								119,893
Issuance of common stock including proceeds from exercise of common stock options		1,522			1,522			$ 1		1,521
Stock-based compensation expense		5,694			5,694					5,694
Repurchases of common stock	[1]	(13,268)			(13,268)					(1,240)							(12,028)
Ending Balance (in shares) at Dec. 31, 2021								57,695,676
Ending balance at Dec. 31, 2021		1,937,016			1,939,099			$ 577		1,058,997		(37,768)		1,224,614			(307,321)		(2,083)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		222,648			222,375									222,375					273
Other comprehensive income (loss)		(638,076)			(638,076)							(638,076)
Cash dividend		(35,746)			(35,746)									(35,746)
Issuance of common stock including proceeds from exercise of common stock options (in shares)								109,473
Issuance of common stock including proceeds from exercise of common stock options		3,179			3,179			$ 1		3,178
Contributions from noncontrolling shareholders		(504)																	(504)
Issuance of common stock in acquisition of BMT (in shares)								18,116,848
Issuance of common stock in acquisition of BMT		908,016			908,016			$ 181		907,835
Noncontrolling interest assumed in acquisition		(913)																	(913)
Stock-based compensation expense		6,349			6,349					6,349
Repurchases of common stock	[1]	(200,083)			(200,083)					(2,149)							(197,934)
Ending Balance (in shares) at Dec. 31, 2022								75,921,997
Ending balance at Dec. 31, 2022		$ 2,201,886			$ 2,205,113			$ 759		$ 1,974,210		$ (675,844)		$ 1,411,243			$ (505,255)		$ (3,227)
[1]Repurchase of common stock for the years ended December 31, 2022, 2021 and 2020 included 4,151,117, 267,309 and 3,950,855 shares repurchased, respectively, in connection with the Company's share buyback program approved by the Board of Directors, and 113,039, 31,188 and 24,910 shares withheld, respectively, to cover tax liabilities.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash dividend per share (in dollars per share)	$ 0.56	$ 0.51	$ 0.48
Shares repurchased in buy back program (in shares)	113,039	31,188	24,910
Treasury Stock
Repurchases of common stock (in shares)	4,151,117	267,309	3,950,855

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income	$ 222,648,000	$ 271,605,000	$ 113,320,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) credit losses	48,089,000	(117,087,000)	153,180,000
Depreciation of premises and equipment, net	24,152,000	15,410,000	14,999,000
Accretion of fees, premiums and discounts, net	(28,378,000)	(38,257,000)	(60,159,000)
Amortization of intangible assets	18,401,000	10,583,000	10,909,000
Amortization of right of use lease asset	17,990,000	11,844,000	12,290,000
Decrease in operating lease liability	(16,291,000)	(11,941,000)	(12,170,000)
Income from mortgage banking activities, net	(7,271,000)	(23,216,000)	(30,201,000)
Gain on sale of securities, net	0	(331,000)	(9,076,000)
Gain on sale of other real estate owned and valuation adjustments, net	(221,000)	(385,000)	(25,000)
Stock-based compensation expense	6,349,000	5,694,000	2,677,000
Unrealized gains on equity investments, net	(5,980,000)	(5,141,000)	(761,000)
Realized loss (gain) on sale of equity investment, net	0	706,000	(22,052,000)
Deferred income tax (benefit) expense	(4,005,000)	39,838,000	(32,848,000)
(Increase) decrease in accrued interest receivable	(22,151,000)	2,739,000	(6,241,000)
Increase in other assets	(58,852,000)	(46,378,000)	(18,339,000)
Origination of loans held-for-sale	(527,684,000)	(971,863,000)	(942,188,000)
Proceeds from sales of loans held-for-sale	501,186,000	991,411,000	824,134,000
Increase (decrease) in accrued interest payable	1,196,000	(714,000)	(1,653,000)
Increase (decrease) in other liabilities	315,065,000	(4,807,000)	24,675,000
Increase in value of bank-owned life insurance	(1,311,000)	(1,048,000)	(1,757,000)
Increase in capitalized interest, net	(2,078,000)	(3,014,000)	(3,572,000)
Net cash provided by operating activities	480,854,000	125,648,000	15,142,000
Investing activities:
Purchases of investment securities held to maturity	(120,868,000)	0	(6,307,000)
Repayments, maturities and calls of investment securities held to maturity	66,186,000	20,365,000	27,085,000
Sale of investment securities available-for-sale	0	14,051,000	305,812,000
Purchases of investment securities available-for-sale	(1,218,022,000)	(3,490,596,000)	(1,454,699,000)
Repayments of investment securities available-for-sale	1,015,603,000	697,480,000	606,156,000
Proceeds from bank-owned life insurance death benefit	1,437,000	0	0
Net proceeds from sale of equity investments	0	4,899,000	85,850,000
Net cash from business combinations	573,745,000	0	0
Net (increase) decrease in loans and leases	(41,324,000)	1,453,471,000	(222,138,000)
Purchases of loans held for investment	(393,159,000)	(188,076,000)	(226,953,000)
Purchases of FHLB stock	(51,518,000)	(625,000)	(145,400,000)
Redemption of FHLB stock	36,207,000	323,000	160,726,000
Sales of assets acquired through foreclosure, net	1,964,000	2,489,000	2,014,000
Sale of premise and equipment	1,191,000	427,000	69,000
Investment in premises and equipment, net	(8,809,000)	(6,576,000)	(7,159,000)
Net cash used in investing activities	(137,367,000)	(1,492,368,000)	(874,944,000)
Financing activities:
Net (decrease) increase in demand and saving deposits	(1,123,468,000)	1,760,031,000	2,501,442,000
Decrease in time deposits	(94,251,000)	(169,871,000)	(197,765,000)
Increase (decrease) in brokered deposits	61,705,000	(202,625,000)	(29,474,000)
Receipts from FHLB advances	1,873,100,000	1,000,000	5,047,424,000
Repayments of FHLB advances	(1,523,100,000)	(7,623,000)	(5,153,476,000)
Receipts from federal funds purchased	2,730,001,000	0	8,030,475,000
Repayments of federal funds purchased	(2,730,001,000)	0	(8,225,475,000)
Contribution from noncontrolling shareholders	(504,000)	0	23,000
Cash dividend	(35,746,000)	(24,242,000)	(24,369,000)
Issuance of common stock and exercise of common stock options	3,179,000	1,522,000	2,032,000
Redemption of senior debt	0	(100,000,000)	0
Issuance of senior debt, net of costs	0	0	147,780,000
Repurchase of common shares	(200,083,000)	(13,268,000)	(155,832,000)
Net cash (used in) provided by financing activities	(1,039,168,000)	1,244,924,000	1,942,785,000
(Decrease) increase in cash, cash equivalents, and restricted cash	(695,681,000)	(121,796,000)	1,082,983,000
Cash, cash equivalents, and restricted cash at beginning of period	1,532,939,000	1,654,735,000	571,752,000
Cash, cash equivalents, and restricted cash at end of period	837,258,000	1,532,939,000	1,654,735,000
Supplemental disclosure of cash flow information:
Cash paid for interest during the period	36,487,000	23,434,000	50,103,000
Cash paid for income taxes, net	58,148,000	40,691,000	72,756,000
Non-cash information:
Loans transferred to other real estate owned	630,000	1,972,000	2,674,000
Loans transferred to portfolio from held-for-sale at fair value	97,848,000	72,621,000	34,517,000
Securities transferred to held-to-maturity from available-for-sale at fair value	931,421,000	0	0
Available-for-sale securities purchased, not settled	0	34,489,000	0
Fair value of assets acquired, net of cash received	4,713,544,000	0	0
Fair value of liabilities assumed	4,379,273,000	0	0
Impact of ASC 326 Adoption:
Allowance for credit losses on held-to-maturity debt securities	10,000	4,000
Allowance for credit losses on loans and leases	151,861,000	94,507,000	228,804,000
Retained earnings	$ 1,411,243,000	1,224,614,000
Impact of ASC 326 Adoption
Impact of ASC 326 Adoption:
Accounting Standards Update [Extensible Enumeration]	Impact of ASC 326 Adoption
Cumulative change in accounting principle | Impact of ASC 326 Adoption
Impact of ASC 326 Adoption:
Allowance for credit losses on held-to-maturity debt securities	$ 0	0	(8,000)
Allowance for credit losses on loans and leases	0	0	(35,855,000)
Deferred tax assets	0	0	8,461,000
Allowance for credit losses on unfunded lending commitments	0	0	(2,966,000)
Retained earnings	$ 0	$ 0	$ 30,368,000

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION General WSFS Financial Corporation (the Company or WSFS) is a savings and loan holding company organized under the laws of the State of Delaware. Substantially all of the Company's assets are held by its subsidiary, Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), is a federal savings bank organized under the laws of the United States (U.S.). The Consolidated Financial Statements include the accounts of the Company, WSFS Bank, WSFS Wealth Management, LLC (Powdermill ® ), WSFS Capital Management, LLC (West Capital), Cypress Capital Management, LLC (Cypress), WSFS SPE Services, LLC, The Bryn Mawr Trust Company of Delaware (BMT-DE), and 601 Perkasie, LLC. The Company also has three unconsolidated subsidiaries, WSFS Capital Trust III (the Trust), Royal Bancshares Capital Trust I, and Royal Bancshares Capital Trust II . 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 ® ). Additionally, WSFS and the Bank acquired certain subsidiaries in the merger of Bryn Mawr Bank Corporation (BMBC) with and into WSFS on January 1, 2022, and the merger of The Bryn Mawr Trust Company with and into the Bank (collectively, the BMBC Merger), pursuant to the agreement and plan of merger, by and between WSFS and BMBC, dated as of March 9, 2021 (the BMBC Merger Agreement) that are not named herein as they are not integral or significant to our business. On April 1, 2022, WSFS completed the merger of Christiana Trust Company of Delaware ® and BMT-DE. The combined organization will retain and operate under The Bryn Mawr Trust Company of Delaware name. Additionally on April 1, 2022, Bryn Mawr Equipment Finance, Inc. merged with and into BEFC. On April 29, 2022, the portfolio of KCMI Capital, Inc. (KCMI), a specialized commercial lending unit acquired in the BMBC merger and not core to our overall lending strategy, was sold at par value for $55.5 million . Finally, on June 30, 2022, the business of BMT Insurance Advisors (BMTIA), was sold to Patriot Growth Services, LLC. On January 1, 2023, WSFS completed the merger and brand conversion of West Capital and Cypress and has renamed the combined entity Bryn Mawr Capital Management, LLC. Bryn Mawr Capital Management, LLC is registered as an investment advisor with the U.S. Securities and Exchange Commission and is a wholly-owned subsidiary of WSFS. Overview Founded in 1832, the Bank is one of the ten oldest bank and trust companies continuously operating under the same name in the U.S. The Company provides residential and commercial mortgage, commercial and consumer lending services, as well as retail deposit and cash management services. The Company's core 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 individual, corporate and institutional clients. The Federal Deposit Insurance Corporation (FDIC) insures the Company's customers’ deposits to their legal maximums. The Company serves its Customers primarily from 119 offices located in Pennsylvania (61), Delaware (39), New Jersey (17), Virginia (1), and Nevada (1), its ATM network, website at www.wsfsbank.com , and mobile apps. Information on the Company's website is not incorporated by reference into this Annual Report on Form 10-K. 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 The Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the U.S. (GAAP). In preparing the Consolidated Financial Statements, the Company is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Although the Company's estimates contemplate current conditions and how it expects them to change in the future, it is reasonably possible that actual conditions in 2023 could be worse than anticipated in those estimates, which could materially affect its results of operations and financial condition. The accounting for 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 are subject to significant estimates. 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, changes in the fair value of financial instruments, as well as increased post-retirement benefits and income tax expense. Certain reclassifications have been made to the prior year’s Consolidated Financial Statements to conform to the current year’s presentation. All significant intercompany accounts and transactions were eliminated in consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SIGNIFICANT ACCOUNTING POLICIES Cash, Cash Equivalents and Restricted Cash For purposes of reporting cash flows, cash, cash equivalents and restricted cash include cash, cash in non-owned ATMs, amounts due from banks, federal funds sold and securities purchased under agreements to resell and cash collateral held for a financial derivative related to the sale of certain Visa Class B shares. Debt Securities Debt securities mostly include mortgage-backed securities (MBS), municipal bonds, and U.S. government and agency securities and are classified into one of the following three categories and accounted for as follows: • Securities purchased with the intent of selling them in the near future are classified as “trading” and reported at fair value, with unrealized gains and losses included in earnings. • Securities purchased with the positive intent and ability to hold to maturity are classified as “held to maturity” and reported at amortized cost. • Securities not classified as either trading or held to maturity are classified as “available-for-sale” and reported at fair value, with unrealized gains and losses excluded from earnings and reported, net of tax, as a separate component of stockholders’ equity in accumulated other comprehensive income (loss). Realized gains and losses are determined using the specific identification method and included in Security gains, net on the Consolidated Statements of Income. All sales are made without recourse. The fair value of debt securities is primarily obtained from third-party pricing services. Implicit in the valuation of MBS are estimated prepayments based on historical and current market conditions. Premiums and discounts on MBS collateralized by residential 1-4 family loans are recognized in interest income using a level yield method over the period to expected maturity. Premiums and discounts on all other securities are recognized on a straight-line basis over the period to expected maturity, with the exception of premiums on callable debt securities, which are recognized over the period to the earliest call date. A debt security is placed on nonaccrual status at the time any principal or interest payments are contractually past due 90 days or more. Interest accrued but not received for a security placed on nonaccrual status is reversed against interest income. The Company's investment portfolio is reviewed each quarter for indications of potential credit losses. Refer to the respective held-to-maturity and available-for-sale debt securities sections for the allowance for credit loss policies for each portfolio. Allowance for Credit Losses - Held-to-Maturity Debt Securities The Company follows Accounting Standards Codification (ASC) 326-20, Financial Instruments - Credit Loss - Measured at Amortized Cost, to measure expected credit losses on held-to-maturity debt securities on a collective basis by security investment grade. The estimate of expected credit losses considers historical credit loss information adjusted by a security's credit rating. The Company classifies the held-to-maturity debt securities into the following major security types: state and political subdivisions, and foreign bonds. These securities are highly rated with a history of no credit losses, and are assigned ratings based on the most recent data from ratings agencies depending on the availability of data for the security. Credit ratings of held-to-maturity debt securities, which are a significant input in calculating the expected credit loss, are reviewed on a quarterly basis. Accrued interest receivable on held-to-maturity debt securities is excluded from the estimate of credit losses and is included in Accrued interest receivable on the Consolidated Statements of Financial Condition. Allowance for Credit Losses - Available-for-Sale Debt Securities The Company follows ASC 326-30, Financial Instruments - Credit Loss - Available-for-Sale Debt Securities, which provides guidance related to the recognition of and expanded disclosure requirements for expected credit losses on available-for-sale debt securities. For available-for-sale debt securities in an unrealized loss position, the Company first evaluates whether it intends to sell, or if it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either criterion is met, the security's amortized cost basis is reduced to fair value and recognized as a reduction to Noninterest income in the Consolidated Statements of Income. For debt securities available-for-sale in which the Company does not intend to sell, or it is not likely the security would be required to be sold before recovery, it evaluates whether a decline in fair value has resulted from credit losses or other adverse factors, such as a change in the security's credit rating. In assessing whether a credit loss exists, the Company compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance is recorded, limited to the fair value of the security. The Company performs these analyses on a quarterly basis to review the conditions and risks associated with the individual securities. Credit losses on an impaired security is measured using the present value of expected future cash flows. Any impairment not recorded through an allowance for credit loss is included in other comprehensive income (loss), net of the tax effect. The Company is required to use its judgment in determining impairment in certain circumstances. For additional detail regarding debt securities, see Note 6. Equity Investments The Company has equity investments in certain strategic partnerships that are accounted for in accordance with both ASC 321-10, Investments - Equity Securities and ASC 323-10, Investments - Equity Method and Joint Ventures . Our equity investments are recorded in Other investments on the Consolidated Statements of Financial Condition. Equity investments recorded in accordance with ASC 321-10 are classified into one of the following two categories and accounted for as follows: • Investments with a readily determinable fair value are reported at fair value, with unrealized gains and losses included in earnings. Any dividends received are recorded in interest income. • Investments without a readily determinable fair value are reported at cost less impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Any dividends received are recorded in interest income. The fair value of equity investments with readily determinable fair values is primarily obtained from third-party pricing services. For equity investments without readily determinable fair values, when an orderly transaction for the identical or similar investment of the same issuer is identified, the Company uses valuation techniques permitted under ASC 820, Fair Value Measurement, to evaluate the observed transaction(s) and adjust the carrying value. ASC 321-10 also provides impairment accounting guidance for equity investments without readily determinable fair values. The qualitative assessment to determine whether impairment exists requires the use of the Company's judgment. If, after completing the qualitative assessment, the Company concludes an equity investment without a readily determinable fair value is impaired, a loss for the difference between the equity investment’s carrying value and its fair value may be recognized as a reduction to noninterest income in the Consolidated Statements of Income. Equity investments recorded in accordance with ASC 323-10 are initially recorded at cost based on the Company’s percentage ownership in the investee. Subsequently, the carrying amount of the investment is adjusted to reflect the recognition of the Company’s proportionate share of income or loss of the investee based on the investee’s earnings for the reporting period, recorded on a one-quarter lag. The Company assesses its equity method investments for impairment using ASC 323-10 guidance. The qualitative assessment to determine whether impairment exists requires the use of the Company’s judgment. If, after completing the qualitative assessment, the Company concludes an equity method investment is impaired, a loss for the difference between the equity investment’s carrying value and its fair value may be recognized in Unrealized gains on equity investments, net on the Consolidated Statements of Income. After an impairment charge is recorded, the new cost basis cannot be subsequently written up to a higher value as a result of increases in fair value. For additional detail regarding equity securities, see Note 6. Loans and leases Loans and leases held for investment are recorded at amortized cost, net of allowance for credit losses. Amortized cost is the amount at which a financial asset is originated or acquired, adjusted for the amortization of premium and discount, net deferred fees or costs, collection of cash, and write-offs. Interest income on loans is recognized using the level yield method. Loan origination fees, commitment fees and direct loan origination costs are deferred and recognized over the life of the related loans using a level yield method over the period to maturity. Past Due and Nonaccrual Loans Past due loans are defined as loans contractually past due 90 days or more as to principal or interest payments. Past due loans 90 days or more that remain in accrual status are considered well secured and in the process of collection. Nonaccruing loans are those on which the accrual of interest has ceased. Loans are placed on nonaccrual status immediately if, in the opinion of the Company, collection is doubtful, or when principal or interest is past due 90 days or more and the loan is not well secured and in the process of collection. Interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed and charged against interest income. In addition, the amortization of net deferred loan fees is suspended when a loan is placed on nonaccrual status. Subsequent cash receipts are applied either to the outstanding principal balance or recorded as interest income, depending on the Company’s assessment of the ultimate collectability of principal and interest. Loans are returned to accrual status when the Company assesses that the borrower has the ability to make all principal and interest payments in accordance with the terms of the loan (i.e. a consistent repayment record, generally six consecutive payments, has been demonstrated). Unless loans are well-secured and collection is imminent, for loans greater than 90 days past due their respective reserves are generally charged off once the loss has been confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged off and expected to be charged off. A loan, for which the terms have been modified resulting in a concession to the borrower experiencing financial difficulty, is considered a TDR. 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 demonstrated, as noted above, and repayment is reasonably assured. For additional detail regarding past due and nonaccrual loans, see Note 8. Allowance for Credit Losses - Loans and Leases The Company establishes its allowance in accordance with guidance provided in ASC 326, Financial Instruments - Credit Losses . The allowance for credit losses includes quantitative and qualitative factors that comprise the Company's current estimate of expected credit losses, including the Company's portfolio mix and segmentation, modeling methodology, historical loss experience, relevant available information from internal and external sources relating to qualitative adjustment factors, prepayment speeds and reasonable and supportable forecasts about future economic conditions. The Company's portfolio segments, established based on similar risk characteristics and loss behaviors, are: • Commercial and industrial - real estate secured, commercial and industrial - non-real estate secured, owner-occupied commercial, commercial mortgages, construction and commercial small business leases (collectively, commercial loans), and • Residential, equity secured lines and loans, installment loans, unsecured lines of credit, originated education loans and previously acquired education loans (collectively, retail loans). Expected credit losses are net of expected recoveries and estimated over the contractual term, adjusted for expected prepayments. The contractual term excludes any extensions, renewals and modifications unless the Company has reasonable expectations at the reporting date that it will result in a troubled debt restructuring (TDR) or they are not unconditionally cancellable. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Expected prepayments are based on historical experience and considers adjustments for current and future economic conditions. The allowance includes two primary components: (i) an allowance established on loans which share similar risk characteristics collectively evaluated for credit losses (collective basis) and (ii) an allowance established on loans which do not share similar risk characteristics with any loan segment and are individually evaluated for credit losses (individual basis). Loans that share similar risk characteristics are collectively reviewed for credit loss and are evaluated based on historical loss experience, adjusted for current economic conditions and future economic forecasts. Estimated losses are determined differently for commercial and retail loans, and each portfolio segment is further segmented by internally assessed risk ratings. The Company uses a single scenario third-party economic forecast to adjust the calculated historical loss rates of the portfolio segments to incorporate the effects of current and future economic conditions. The Company's economic forecast considers the general health of the economy, the interest rate environment, real estate pricing and market risk. The Company's forecast extends out 6 quarters (the forecast period) and reverts to the historical loss rates on a straight-line basis over 4 quarters (the reversion period) as it believes this to be reasonable and supportable in the current environment. The economic forecast and reversion periods will be evaluated periodically by the Company and updated as appropriate. The historical loss rates for commercial loans are estimated by determining the probability of default (PD) and expected loss given default (LGD) and are applied to the loans' exposure at default. The probability of default is calculated based on the historical rate of migration to an event of credit loss during the look-back period. The historical loss rates for retail loans is calculated based on average net loss rates over the same look-back period. The current look-back period is 48 quarters which ensures historical loss rates are adequately considering losses within a full credit cycle. Loans that do not share similar risk characteristics with any loan segments are evaluated on an individual basis. These loans, which may include TDRs, are not included in the collective basis evaluation. When it is probable the Company will not collect all principal and interest due according to their contractual terms, which is assessed based on the credit characteristics of the loan and/or payment status, these loans are individually reviewed and measured for potential credit loss. The amount of the potential credit loss is measured using any of the following three methods: (i) the present value of expected future cash flows discounted at the loan’s effective interest rate; (ii) the fair value of collateral, if the loan is collateral dependent; or (iii) the loan’s observable market price. If the measured fair value of the loan is less than the amortized cost basis of the loan, an allowance for credit loss is recorded. For collateral dependent loans, the expected credit losses at the individual asset level is the difference between the collateral's fair value (less cost to sell) and the amortized cost. Qualitative adjustment factors consider various internal and external conditions which are allocated among loan segments and take into consideration: • Current underwriting policies, staff and portfolio concentrations, • Risk rating accuracy, credit and administration, • Internal risk emergence (including internal trends of delinquency, and criticized loans by segment), • Economic forecasts and conditions - locally and nationally (including market trends impacting collateral values), which is separate from or in addition to the third party economic forecast described above, and • Competitive environment, as it could impact loan structure and underwriting. These factors are based on their relative standing compared to the period in which historical losses are used in quantitative reserve estimates and current directional trends, and reasonable and supportable forecasts. Qualitative factors can add to or subtract from quantitative reserves. The Company's loan officers and risk managers meet at least quarterly to discuss and review the conditions and risks associated with individual problem loans. In addition, various regulatory agencies periodically review the Company's loan ratings and allowance for credit losses and the Bank's internal loan review department performs recurring loan reviews. Accrued interest receivable on loans is excluded from the estimate of credit losses and is included in Accrued interest receivable on the Consolidated Statements of Financial Condition. For additional detail regarding the allowance for credit losses and the provision for credit losses, see Note 8. Unfunded Lending Commitments For unfunded lending commitments, the Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The estimate includes consideration of the probability of default and utilization rate at default to calculate expected credit losses on commitments expected to be funded based on historical losses. The allowance for credit losses for off-balance sheet exposures is included in Other liabilities on the Consolidated Statements of Financial Condition and the provision for credit losses for off-balance sheet exposure is included in Loan workout and other credit costs on the Consolidated Statements of Income. For additional detail regarding unfunded lending commitments, see Note 18. Loans Held for Sale Mortgage loans held for sale are recorded at fair value on a loan level basis, using pricing information obtained from secondary markets and brokers and applied to loans with similar interest rates and maturities. Other loans held for sale are carried at the lower of amortized cost or estimated fair value. The estimated fair value is based on pricing information from secondary markets and brokers, when available, or a discounted cash flow analysis when market information is unavailable. Other Real Estate Owned Upon initial receipt, other real estate owned (OREO) is recorded at the estimated fair value less costs to sell. Costs subsequently incurred to improve the assets are capitalized, provided that the resultant carrying value does not exceed the estimated fair value less costs to sell. Costs related to holding or disposing of the assets are charged to expense as incurred. The Company periodically evaluates OREO for impairment and write-down the value of the asset when declines in fair value below the carrying value are identified. Loan workout and OREO expenses include costs of holding and operating the assets, net gains or losses on sales of the assets and provisions for losses to reduce such assets to the estimated fair values less costs to sell. For additional detail regarding other real estate owned, see Note 8. Premises, Equipment and Software Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization expense are computed on a straight-line basis over the estimated useful lives of the assets or, for leasehold improvements, over the terms of the related lease or effective useful lives of the assets, whichever is less. In general, computer equipment, furniture and equipment and building renovations are depreciated over three five Other assets and is amortized on a straight-line basis over the lesser of the contract term or estimated useful life of the software. Maintenance and repairs are expensed as incurred, while costs of major replacements, improvements and additions are capitalized. Premises and equipment acquired in business combinations are initially recorded at fair value and subsequently carried at cost less accumulated depreciation and amortization. Assets to be disposed of are recorded at the lower of the carrying amount or fair value less costs to sell. For additional detail regarding premises and equipment, see Note 9. Goodwill and Intangible Assets The Company accounts for goodwill and intangible assets in accordance with ASC 805, Business Combinations and ASC 350, Intangibles-Goodwill and Other . Accounting for goodwill and other intangible assets requires the Company to make significant judgments, for goodwill particularly, with respect to estimating the fair value of each reporting unit. The estimates utilize historical data, cash flows, and market and industry data specific to each reporting unit as well as projected data. Industry and market data are used to develop material assumptions such as transaction multiples, required rates of return, control premiums, long-term growth rates, and capitalization. Goodwill is not amortized, rather it is subject to periodic impairment testing. The Company reviews goodwill for impairment annually on October 1 and more frequently if events and circumstances indicate that the fair value of a reporting unit is less than its carrying value. Other intangible assets with finite lives are amortized over their estimated useful lives. The Company reviews other intangible assets with finite lives for impairment if events and circumstances indicate that the carrying value may not be recoverable. For additional information regarding goodwill and intangible assets, see Note 11. Leases The Company accounts for its leases in accordance with ASC 842 - Leases . Most leases are recognized on the balance sheet by recording a right-of-use asset and lease liability for each lease. The right-of-use asset represents the right to use the asset under lease for the lease term, and the lease liability represents the contractual obligation to make lease payments. The right-of-use asset is tested for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. As a lessee, the Company enters into operating leases for certain bank branches, office space, and office equipment. The right-of-use assets and lease liabilities are initially recognized based on the net present value of the remaining lease payments which include renewal options where the Company is reasonably certain they will be exercised. The net present value is determined using the incremental collateralized borrowing rate at commencement date. The right-of-use asset is measured at the amount of the lease liability adjusted for any prepaid rent, lease incentives and initial direct costs incurred. The right-of-use asset and lease liability is amortized over the individual lease terms. Lease expense for lease payments is recognized on a straight-line basis over the lease term. As a lessor, the Company provides direct financing to customers through the Company's equipment and small-business leasing business. Direct financing leases are recorded at the aggregate of minimum lease payments net of unamortized deferred lease origination fees and costs and unearned income. Interest income on direct financing leases is recognized over the term of the lease. Origination fees and costs are deferred, and the net amount is amortized to interest income over the estimated life of the lease. For additional information regarding leases, see Note 10. Derivative Financial Instruments The Company accounts for derivatives in accordance with ASC 815, Derivatives and Hedging . Derivatives are recognized as either assets or liabilities at fair value in the Consolidated Statements of Financial Condition with changes in fair value recorded to earnings or accumulated other comprehensive income, as appropriate. At the inception of a derivative contract, the Company designates the derivative as a hedging or non-hedging instrument. To qualify for hedge accounting, derivatives must be highly effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the derivative contract. For fair value hedges, changes to the fair value are recorded in earnings, while for cash flow hedges, fair value changes are recorded in accumulated other comprehensive income and subsequently reclassified into earnings in the period that the hedged forecast transaction affects earnings. The ineffective portion of a hedge’s change in fair value is recognized in earnings immediately. For derivatives not designated as hedges, adjustments to fair value are recorded through earnings. For additional detail regarding derivatives, see Note 20. Income Taxes The provision for income taxes includes federal, state and local income taxes currently payable and those deferred due to temporary differences between the financial statement basis and tax basis of assets and liabilities. Income taxes are accounted for in accordance with ASC 740, Income Taxes . ASC 740 requires the recording of deferred income taxes that reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. It prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. Benefits from tax positions are recognized in the financial statements only when it is more-likely-than-not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold are recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold are derecognized in the first subsequent financial reporting period in which that threshold is no longer met. ASC 740 also provides guidance on the accounting for and disclosure of unrecognized tax benefits, interest and penalties. For additional detail regarding income taxes, see Note 16. Securities Sold Under Agreements to Repurchase The Company enters into sales of securities under agreements to repurchase which are treated as financings, with the obligation to repurchase securities sold reflected as a liability in the Consolidated Statements of Financial Condition. The securities underlying the agreements are assets. For additional detail regarding the securities sold under agreements to repurchase, see Note 13. Stock-Based Compensation Stock-based compensation is accounted for in accordance with ASC 718, Stock Compensation . Compensation expense relating to all share-based payments is recognized on a straight-line basis, over the applicable vesting period. For additional detail regarding stock-based compensation, see Note 17. RECENT ACCOUNTING PRONOUNCEMENTS The following accounting pronouncements were adopted by the Company during the year ended December 31, 2022, but do not have a material impact on the Consolidated Financial Statements: ASU No. 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments: In July 2021, the FASB issued ASU 2021-0 5 to amend ASC 842 to clarify the classification of certain leases with variable lease payments for lessors. ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848: In December 2022, the FASB issued ASU No. 2022-06 which extended the period of time to ease the reference rate reform transition period to through December 31, 2024. This pronouncement supersedes the original transition period end date as referenced in ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . Accounting Guidance Pending Adoption as of December 31, 2022 ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures: In March 2022, the FASB issued ASU No. 2022-02 , Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	3. BUSINESS COMBINATIONS Bryn Mawr Bank Corporation. On January 1, 2022, WSFS closed its acquisition of BMBC and acquired 100% of the outstanding common stock of BMBC. In accordance with the terms of the merger agreement, dated March 9, 2021, by and between WSFS and BMBC, each share of BMBC common stock was exchanged for 0.90 shares of WSFS common stock (with cash paid in lieu of fractional shares). The total value of consideration paid was $908.0 million based on 19,903,230 shares of BMBC common stock outstanding as of December 31, 2021, the vesting of 226,643 BMBC restricted stock awards, and the closing price per share of WSFS common stock of $50.12 on December 31, 2021. Results of the combined Company’s operations are included in the Consolidated Financial Statements since the date of the acquisition. BMBC was the holding company for The Bryn Mawr Trust Company (Bryn Mawr Bank), a Pennsylvania chartered bank and wholly-owned subsidiary. BMBC and Bryn Mawr Bank were headquartered in Bryn Mawr, Pennsylvania, a western suburb of Philadelphia, and served primarily the Greater Philadelphia region. BMBC and its direct and indirect subsidiaries was a locally managed, premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. Following the BMBC Merger, WSFS Bank is the oldest and largest, locally headquartered bank and trust company in the Greater Philadelphia and Delaware region with a full-service product suite and a balance sheet to compete with larger regional and national banks. The BMBC Merger also allows WSFS to accelerate our long-term strategic objectives, including scale to continue to invest in our delivery and talent transformations. The acquisition of BMBC was accounted for as a business combination using the acquisition method of accounting and, accordingly, the assets acquired, liabilities assumed and consideration transferred were recorded at their estimated fair values as of the acquisition date. The excess of consideration transferred over the fair value of net assets acquired was recorded as goodwill, which is not amortizable nor deductible for tax purposes. The Company allocated goodwill to its WSFS Bank segment and Wealth Management segment. The following table summarizes the consideration transferred and the fair values of identifiable assets acquired and liabilities assumed and is considered final: (Dollars in thousands) Consideration Transferred: Fair Value Common shares issued (18,116,848) $ 908,016 Cash paid to BMBC stock and option holders 16 Value of consideration 908,032 Assets acquired: Cash and due from banks 573,761 Investment securities 500,400 Loans and leases, net 3,456,748 Premises and equipment 44,842 Deferred income taxes 6,563 Bank owned life insurance 67,525 Intangible assets 73,065 Other assets 153,592 Total assets 4,876,496 Liabilities assumed: Deposits 4,110,122 Other borrowings 145,512 Other liabilities 124,552 Noncontrolling interest (913) Total liabilities and noncontrolling interest 4,379,273 Net assets acquired: 497,223 Goodwill resulting from acquisition of BMBC $ 410,809 The following table details the changes to goodwill recorded subsequent to acquisition: (Dollars in thousands) Fair Value Goodwill resulting from the acquisition of BMBC as of January 1, 2022 $ 414,337 Effects of adjustments to: Deferred income taxes 1,870 Intangibles 1,500 Deposits (149) Other liabilities 1,352 Effect of sale of BMTIA business (8,101) Goodwill resulting from the acquisition of BMBC as of December 31, 2022 $ 410,809 Adjustments to Goodwill were primarily related to the fair value of Wealth Management intangible assets, the subsequent sale of the BMTIA business, and the related deferred tax impacts. Fair value estimates related to the assets and liabilities from BMBC are subject to adjustment for up to one year after the closing date of the acquisition as additional information becomes available. Changes to the preliminary valuation of acquired assets and liabilities were recognized as adjustments to identified intangibles and goodwill. All remeasurement adjustments were completed prior to the expiration of the remeasurement period on December 31, 2022, one year after the closing date. The amount of goodwill recorded reflects the increased market share and related synergies that are expected to result from the acquisition, and represents the excess purchase price over the estimated fair value of the net assets acquired from BMBC. The following is a description of the valuation methodologies used to estimate the fair values of major categories of assets acquired and liabilities assumed. In many cases, the fair values of the assets acquired and liabilities assumed were determined by estimating the cash flows expected to result from those assets and liabilities and applying the appropriate market discount rates. Cash and due from banks : The estimated fair values of cash and due from banks approximate their stated value. Investment Securities : The acquired investment portfolio had a fair value of $500.4 million, primarily consisting of short-term U.S. Treasury bills that matured subsequent to closing on January 6, 2022. The estimated fair value approximated the stated value at maturity. Loans and Leases : The Company recorded $3.5 billion of acquired loans, which were initially recorded at their fair values as of the acquisition date. Fair value for loans was based on a discounted cash flow methodology that considered credit loss and prepayment expectations, market interest rates and other market factors, such as liquidity, from the perspective of a market participant. Loan cash flows were generated on an individual loan basis. The probability of default, loss given default, exposure at default and prepayment assumptions are the key factors driving credit losses which are embedded into the estimated cash flows. The table below presents information with respect to the fair value and unpaid principal balance of acquired loans and leases at the acquisition date. January 1, 2022 (Dollars in thousands) Book Balance Fair Value Commercial and industrial $ 613,197 $ 586,643 Owner-occupied commercial 513,267 503,182 Commercial mortgages 1,564,234 1,549,515 Construction 209,928 208,288 Commercial small business leases 125,770 119,119 Residential 310,092 315,454 Consumer 178,247 174,547 Total acquired loans and leases $ 3,514,735 $ 3,456,748 The table below presents the carrying amount of loans for which, at the date of acquisition, there was evidence of more than insignificant deterioration of credit quality since origination: (Dollars in thousands) January 1, 2022 Book balance of loans at acquisition $ 235,791 Allowance for credit losses at acquisition (26,103) Non-credit related discount (1,421) Total purchase credit deteriorated (PCD) loans acquired $ 208,267 The BMBC Merger resulted in the addition of $49.6 million in allowance for credit losses, including the $26.1 million identified in the table above for PCD loans, and $23.5 million for non-PCD loans recorded through the provision for credit losses at the date of acquisition. Deferred Income Taxes : The Company recorded a deferred income tax asset (DTA) of $6.6 million related to tax attributes of BMBC along with the effects of fair value adjustments resulting from acquisition accounting for the combination. The DTA’s recorded were based on the expected federal and state tax benefits of when the acquired tax attributes and purchase accounting adjustments will reverse. In recording the DTA, consideration was given to potential limitations on the realizability of such acquired tax attributes. There was no material change to the valuation allowance as a result of the BMBC Merger. Trust preferred borrowings and subordinated debt : The fair value of trust preferred borrowings and subordinated debt were determined by present valuing the expected cash flows using current market rates for similar instruments. A fair value discount of $2.5 million was recognized for the trust preferred borrowings and will be recognized as an increase to interest expense over the remaining life of the borrowings. A fair value premium of $0.7 million was recognized for the subordinated debt and will be recognized as a decrease to interest expense over the remaining life of the debt. Intangible Assets : The Company recorded $10.9 million of core deposit intangible (CDI) which is being amortized over ten years using a straight-line amortization methodology. The fair value of the core deposit intangible was determined using the cost savings approach. The cost savings approach is defined as the difference between cost of funds on deposits and the cost of an equal amount of funds from an alternative source. The CDI fair value was determined by projecting net cash flow benefits, including assumptions related to customer attrition, discount rates, deposit interest rates, and alternative costs of funds. Certificates of deposit accounts were valued by segregating the portfolio into pools based on remaining maturity and comparing the contractual cost of the portfolio to an identical portfolio bearing current market rates. The valuation adjustment will be accreted or amortized to interest expense over the remaining maturities of the respective pools. WSFS recorded $56.1 million of Wealth Management intangible assets that consisted of $53.0 million for customer relationships in our wealth management, trust and insurances lines of business, $2.9 million for the Bryn Mawr Trust tradename, and $0.2 million in non-compete agreements. Fair value for these Wealth Management intangible assets was based on a discounted cash flow methodology projecting net cash flow benefits, including assumptions related to customer attrition, discount rates, income projections and applicable growth rate assumptions. Corporate development expenses and Restructuring expenses For acquisitions, the Company develops comprehensive integration plans under which it has incurred direct costs, which are expensed as incurred. These direct costs include costs that are primarily related to: (i) terminated contracts, (ii) consolidated facilities (including lease termination expenses), (iii) severance, (iv) marketing, and (v) professional and legal fees. Costs related to the acquisition and restructuring are included in the Corporate development expense and Restructuring expense line items, respectively, on the Consolidated Statements of Income. The following table details the costs identified and classified as corporate development and restructuring expenses, which are primarily related to the BMBC Merger: Twelve months ended December 31, (dollars in thousands) 2022 Salaries, benefits and other compensation $ 12,541 Occupancy expense 9,356 Equipment expense 20,950 Professional fees 13,025 Data processing and operations expenses 121 Marketing expense 3,133 Other operating expense, net 6,097 Total corporate development and restructuring expenses $ 65,223 During the second quarter of 2021, WSFS announced a retail banking office optimization plan that included the planned consolidation of Bryn Mawr Trust and WSFS Bank banking offices. Most of the consolidations and rebranding of the banking offices were completed during the first quarter of 2022, which included the consolidation of 22 Bryn Mawr Trust and 12 WSFS Bank banking offices. Costs related to this plan are included in the Corporate development expense line item on the Consolidated Statements of Income. In addition, the Company had $7.5 million of premises and equipment as held-for-sale as of December 31, 2022, which is included in the Other assets line item on the Consolidated Statement of Financial Condition. Pro Forma Income Statement (unaudited) The following pro forma income statement for the twelve months ended December 31, 2021 presents the pro forma results of operations of the combined institution (BMBC and the Corporation) as if the BMBC Merger occurred on January 1, 2021. The pro forma income statement adjustments are limited to the effects of fair value mark amortization and accretion and intangible asset amortization. No cost savings or additional merger expenses have been included in the pro forma results of operations. Twelve months ended December 31, (dollars in thousands, except share and per share data) 2021 Net interest income $ 567,183 (Recovery of) provision for credit losses (115,212) Net interest income after provision for credit losses 682,395 Total noninterest income 271,576 Total noninterest expenses 556,524 Income before income taxes 397,447 Income tax provision 100,009 Net income $ 297,438 Per share data: Weighted-average basic shares outstanding 65,445,251 Dilutive shares 332,765 Adjusted weighted-average diluted shares 65,778,016 Basic earnings per common share $ 4.54 Diluted earnings per common share $ 4.52 Due to the various conversions of BMBC systems since the date of acquisition, as well as other streamlining and continuing integration of BMBC's operating activities into those of the Company, reporting for revenue and net income of the former BMBC operations for the period subsequent to the acquisition is impracticable.

NONINTEREST INCOME

NONINTEREST INCOME	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
NONINTEREST INCOME	4. NONINTEREST INCOME Credit/debit card and ATM income The following table presents the components of credit/debit card and ATM income: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Bailment fees $ 21,173 $ 12,940 $ 14,615 Interchange fees 15,506 13,520 17,747 Other card and ATM fees 3,409 3,019 2,652 Total credit/debit card and ATM income $ 40,088 $ 29,479 $ 35,014 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. Investment management and fiduciary income The following table presents the components of investment management and fiduciary income: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Trust fees $ 79,472 $ 43,725 $ 33,288 Wealth management and advisory fees 42,136 18,623 15,691 Total investment management and fiduciary income $ 121,608 $ 62,348 $ 48,979 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, trustee and trustee related services on structured finance transactions; indenture trustee, administrative agent and collateral agent services to individuals, institutions and corporations; commercial domicile and independent director services; and investment and trustee services to families and individuals. 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 or assets held within a trust. 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 Bryn Mawr Trust ® , 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 monthly, quarterly and annual billings for the services. Deposit service charges The following table presents the components of deposit service charges: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Service fees $ 16,019 $ 14,220 $ 12,725 Return and overdraft fees 7,651 6,789 6,819 Other deposit service fees 814 1,081 455 Total deposit service charges $ 24,484 $ 22,090 $ 19,999 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: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Managed service fees $ 17,991 $ 16,425 $ 15,448 Currency preparation 4,120 4,064 3,854 ATM loss protection 2,627 2,522 2,401 Capital markets revenue 7,859 — — Miscellaneous products and services (1) 20,027 11,786 7,442 Total other income $ 52,624 $ 34,797 $ 29,145 (1) Includes commissions income from BMTIA in 2022. The BMTIA business was sold during the second quarter of 2022. Other income consists of managed service fees, which are primarily courier fees related to cash management, currency preparation, ATM loss protection, capital markets revenue, 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. Through its subsidiary BMTIA, the Bank earned commissions from the sale of insurance policies, which are generally calculated as a percentage of the policy premium, and contingent income, which is calculated based on the volume and performance of the policies held by each carrier. Obligations for the sale of insurance policies are generally satisfied at the point in time which the policy is executed and are recognized at the point in time in which the amounts are known and collection is reasonably assured. Performance metrics for contingent income are generally satisfied over time, not exceeding one year, and are recognized at the point in time in which the amounts are known and collection is reasonably assured. 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. See Note 22 for further information about the disaggregation of noninterest income by segment.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	5. EARNINGS PER SHARE The following table shows the computation of basic and diluted earnings per share: (Dollars and shares in thousands, except per share data) 2022 2021 2020 Numerator: Net income attributable to WSFS $ 222,375 $ 271,442 $ 114,774 Denominator: Weighted average basic shares 63,453 47,539 50,510 Dilutive potential common shares 206 164 37 Weighted average fully diluted shares 63,659 47,703 50,547 Earnings per share: Basic $ 3.50 $ 5.71 $ 2.27 Diluted $ 3.49 $ 5.69 $ 2.27 Outstanding common stock equivalents having no dilutive effect 9 1 12 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 under the 2013 Incentive Plan and the 2018 Incentive Plan.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	6. INVESTMENT 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. December 31, 2022 (Dollars in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Allowance for Fair Value Available-for-Sale Debt Securities Collateralized mortgage obligation (CMO) $ 608,834 $ — $ 102,454 $ — $ 506,380 Fannie Mae (FNMA) mortgage-backed securities (MBS) 3,823,036 — 572,778 — 3,250,258 Freddie Mac (FHLMC) MBS 135,554 — 13,555 — 121,999 Ginnie Mae (GNMA) MBS 39,116 — 2,978 — 36,138 Government-sponsored enterprises (GSE) agency notes 228,010 — 49,725 — 178,285 $ 4,834,550 $ — $ 741,490 $ — $ 4,093,060 Held-to-Maturity Debt Securities (1) FNMA MBS $ 909,498 $ — $ 68,677 $ — $ 840,821 State and political subdivisions 201,631 532 3,372 10 198,781 Foreign bonds 500 2 — — 502 $ 1,111,629 $ 534 $ 72,049 $ 10 $ 1,040,104 (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 losses of $142.8 million at December 31, 2022, which are offset in Accumulated other comprehensive income (loss) . 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, 2021 (Dollars in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Allowance for Fair Value Available-for-Sale Debt Securities CMO $ 586,830 $ 3,569 $ 14,633 $ — $ 575,766 FNMA MBS 4,275,307 24,170 53,793 — 4,245,684 FHLMC MBS 139,708 6,336 516 — 145,528 GNMA MBS 17,456 551 71 — 17,936 GSE agency notes 230,581 — 10,184 — 220,397 $ 5,249,882 $ 34,626 $ 79,197 $ — $ 5,205,311 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 90,146 $ 3,489 $ — $ 4 $ 93,631 Foreign bonds 500 — — — 500 $ 90,646 $ 3,489 $ — $ 4 $ 94,131 (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 $0.2 million at December 31, 2021, which are offset in Accumulated other comprehensive income (loss) . 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 December 31, 2022 and December 31, 2021 are presented in the table below: Available-for-Sale (Dollars in thousands) Amortized Cost Fair Value December 31, 2022 (1) Within one year $ — $ — After one year but within five years 83,014 77,499 After five years but within ten years 465,777 398,607 After ten years 4,285,759 3,616,954 $ 4,834,550 $ 4,093,060 December 31, 2021 (1) Within one year $ — $ — After one year but within five years 103,960 107,009 After five years but within ten years 204,186 204,289 After ten years 4,941,736 4,894,013 $ 5,249,882 $ 5,205,311 (1) Actual maturities could differ from contractual maturities. As of December 31, 2022, the Company’s available-for-sale investment securities consisted of 958 securities, 955 of which were in an unrealized loss position. As of December 31, 2022, substantially all of the Corporation’s available-for-sale investment securities were mortgage-backed securities or collateral mortgage obligations which were issued or guaranteed by U.S. government-sponsored entities and agencies. As of December 31, 2022 and December 31, 2021, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of shareholders’ equity. The scheduled maturities of held-to-maturity debt securities at December 31, 2022 and December 31, 2021 are presented in the table below: Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value December 31, 2022 (1) Within one year $ 731 $ 732 After one year but within five years 9,530 9,476 After five years but within ten years 46,170 45,944 After ten years 1,055,198 983,952 $ 1,111,629 $ 1,040,104 December 31, 2021 (1) Within one year $ 232 $ 234 After one year but within five years 2,675 2,736 After five years but within ten years 44,137 45,404 After ten years 43,602 45,757 $ 90,646 $ 94,131 (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 5.9 years at December 31, 2022. 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. During the second quarter of 2022, the Company transferred investment securities with a book value of $1.1 billion from available-for-sale to held-to-maturity to mitigate the impact of the rising interest rate environment to Accumulated other comprehensive income (loss) in the Company's Consolidated Statement of Changes in Stockholders' Equity. The transfer occurred at a fair value totaling $931.4 million. The amortized cost of transferred held-to-maturity securities included net unrealized losses of $157.6 million at June 30, 2022, which are offset in Accumulated other comprehensive income (loss) . No gains or losses on these securities were recognized at the time of transfer. Investment securities with fair market values aggregating $2.8 billion and $2.2 billion were pledged as collateral for investment sweep repurchase agreements, municipal deposits, and other obligations as of December 31, 2022 and December 31, 2021, respectively. During the year ended December 31, 2022, the Company had no sales of debt securities categorized as available-for-sale. During the year ended December 31, 2021, the Company sold $14.1 million of debt securities categorized as available-for-sale, resulting in $0.3 million of realized gains and no realized losses. During the year ended December 31, 2020, the Company sold $305.8 million, resulting in realized gains of $9.1 million and no realized losses. As of December 31, 2022 and December 31, 2021, the Company's debt securities portfolio had remaining unamortized premiums of $66.6 million and $69.4 million, respectively, and unaccreted discounts of $25.2 million and $12.7 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 December 31, 2022. Duration of Unrealized Loss Position Less than 12 months 12 months or longer Total (Dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Available-for-sale debt securities: CMO $ 158,449 $ 13,855 $ 347,931 $ 88,599 $ 506,380 $ 102,454 FNMA MBS 1,237,560 145,752 2,012,698 427,026 3,250,258 572,778 FHLMC MBS 102,321 9,268 19,671 4,287 121,992 13,555 GNMA MBS 32,076 2,265 4,030 713 36,106 2,978 GSE agency notes — — 178,285 49,725 178,285 49,725 $ 1,530,406 $ 171,140 $ 2,562,615 $ 570,350 $ 4,093,021 $ 741,490 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 December 31, 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 $ 411,347 $ 12,730 $ 35,638 $ 1,903 $ 446,985 $ 14,633 FNMA MBS 3,018,606 41,021 356,665 12,772 3,375,271 53,793 FHLMC MBS 11,227 348 1,917 168 13,144 516 GNMA MBS 4,847 71 — — 4,847 71 GSE agency notes 64,509 1,918 155,888 8,266 220,397 10,184 $ 3,510,536 $ 56,088 $ 550,108 $ 23,109 $ 4,060,644 $ 79,197 At December 31, 2022, available-for-sale debt securities for which the amortized cost basis exceeded fair value totaled $4.1 billion. Total unrealized losses on these securities were $741.5 million at December 31, 2022. 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 December 31, 2022. At December 31, 2022 and December 31, 2021, held-to-maturity debt securities had an amortized cost basis of $1.1 billion and $90.6 million, respectively. The held-to-maturity debt security portfolio primarily consists of mortgage-backed securities which were issued or guaranteed by U.S. government-sponsored entities and agencies and 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 December 31, 2022, aggregated by credit quality indicator: (Dollars in thousands) FNMA MBS State and political subdivisions Foreign bonds A+ rated or higher $ — $ 201,631 $ 500 Not rated 909,498 — — Ending balance $ 909,498 $ 201,631 $ 500 The following table summarizes the amortized cost of debt securities held-to-maturity as of December 31, 2021, aggregated by credit quality indicator: (Dollars in thousands) State and political subdivisions Foreign bonds A+ rated or higher $ 90,146 $ 500 Not rated — — Ending balance $ 90,146 $ 500 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 FNMA MBS and foreign bond debt securities for the twelve months ended December 31, 2022 and 2021. The following table presents the activity in the allowance for credit losses for state and political subdivisions debt securities for the twelve months ended December 31, 2022 and 2021: Twelve months ended December 31, (Dollars in thousands) 2022 2021 Allowance for credit losses: Beginning balance $ 4 $ 6 Provision for credit losses 6 (2) Ending balance $ 10 $ 4 Accrued interest receivable of $2.4 million and $0.9 million as of December 31, 2022 and December 31, 2021, 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 December 31, 2022 and December 31, 2021. Equity Investments The Company had equity investments with a fair value of $26.1 million and $10.5 million as of December 31, 2022 and December 31, 2021, respectively. During the twelve months ended December 31, 2022, total net gains on equity investments of $6.0 million were recorded from the Company's investment in Cred.ai in June 2022. During the twelve months ended December 31, 2021, total net gains on equity investments of $4.4 million were recorded from the sale of the Company's investment in Social Finance, Inc. (SoFi) in July 2021. This included a net realized loss of $0.7 million which was recorded in Realized loss (gain) on equity investments, net in the Consolidated Statements of Income at the time of sale. During the twelve months ended December 31, 2020, total net gains on equity investments of $22.8 million were recorded in the Company's Consolidated Statements of Income. This included a net realized gain of $22.1 million which was recorded in Realized loss (gain) on equity investments, net

LOANS AND LEASES

LOANS AND LEASES	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
LOANS AND LEASES	7. LOANS AND LEASES The following table shows the Company's loan portfolio by category: December 31, (Dollars in thousands) 2022 2021 Commercial and industrial (1) $ 2,575,345 $ 1,918,043 Owner-occupied commercial 1,809,582 1,341,707 Commercial mortgages 3,351,084 1,881,510 Construction 1,044,049 687,213 Commercial small business leases 558,981 352,276 Residential (2) 761,882 546,667 Consumer (3) 1,810,930 1,158,573 11,911,853 7,885,989 Less: Allowance for credit losses 151,861 94,507 Net loans and leases $ 11,759,992 $ 7,791,482 (1) Includes PPP loans of $3.8 million and $31.5 million at December 31, 2022 and 2021, respectively. (2) Includes reverse mortgages, at fair value of $2.4 million and $3.9 million at December 31, 2022 and 2021, respectively . (3) Includes home equity lines of credit, installment loans unsecured lines of credit and education loans. Accrued interest receivable on loans outstanding was $59.3 million and $31.6 million at December 31, 2022 and 2021, respectively.

ALLOWANCE FOR CREDIT LOSSES AND

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION	8. ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION The following tables provide the activity of the Company's allowance for credit losses and loan and lease balances for the years ended December 31, 2022, December 31, 2021, and December 31, 2020. During 2022, the increase was primarily due to an initial ACL of $49.6 million recorded in connection with the BMBC Merger and loan growth during the year. The initial $49.6 million ACL recorded includes $23.5 million related to non-PCD loans, or the initial provision for credit loss recorded, and $26.1 million related to PCD loans, which does not have an initial income statement impact, but adjusts the amortized cost basis of the loans at acquisition (i.e., a balance sheet gross-up). (Dollars in thousands) Commercial and Industrial (1) Owner- occupied Commercial Commercial Mortgages Construction Residential (2) Consumer (3) Total Year Ended December 31, 2022 Allowance for credit losses Beginning balance $ 49,967 $ 4,574 $ 11,623 $ 1,903 $ 3,352 $ 23,088 $ 94,507 Initial allowance on acquired PCD loans 22,614 595 2,684 71 61 78 26,103 Charge-offs (19,004) (179) (581) — (186) (7,520) (27,470) Recoveries 6,112 278 223 2,567 665 793 10,638 (Credit) provision (4) (295) 751 7,524 2,446 776 36,881 48,083 Ending balance $ 59,394 $ 6,019 $ 21,473 $ 6,987 $ 4,668 $ 53,320 $ 151,861 Period-end allowance allocated to: Loans evaluated on an individual basis $ 2,428 $ — $ — $ — $ — $ — $ 2,428 Loans evaluated on a collective basis 56,966 6,019 21,473 6,987 4,668 53,320 149,433 Ending balance $ 59,394 $ 6,019 $ 21,473 $ 6,987 $ 4,668 $ 53,320 $ 151,861 Period-end loan balances: Loans evaluated on an individual basis $ 17,572 $ 1,929 $ 6,369 $ 5,143 $ 7,680 $ 2,047 $ 40,740 Loans evaluated on a collective basis 3,116,754 1,807,653 3,344,715 1,038,906 751,785 1,808,883 11,868,696 Ending balance $ 3,134,326 $ 1,809,582 $ 3,351,084 $ 1,044,049 $ 759,465 $ 1,810,930 $ 11,909,436 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $2.4 million. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (4) Includes $23.5 million initial provision for credit losses on non-PCD loans. (Dollars in thousands) Commercial and Industrial (1) Owner- Commercial Construction Residential (2) Consumer (3) Total Year Ended December 31, 2021 Allowance for credit losses Beginning balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Charge-offs (23,592) (83) (73) (2,473) — (2,094) (28,315) Recoveries 8,756 160 269 — 789 1,131 11,105 (Credit) provision (86,072) (5,118) (19,644) (7,814) (4,330) 5,891 (117,087) Ending balance $ 49,967 $ 4,574 $ 11,623 $ 1,903 $ 3,352 $ 23,088 $ 94,507 Period-end allowance allocated to: Loans evaluated on an individual basis $ 1 $ — $ 7 $ — $ — $ — $ 8 Loans evaluated on a collective basis 49,966 4,574 11,616 1,903 3,352 23,088 94,499 Ending balance $ 49,967 $ 4,574 $ 11,623 $ 1,903 $ 3,352 $ 23,088 $ 94,507 Period-end loan balances: Loans evaluated on an individual basis $ 8,363 $ 1,690 $ 3,764 $ — $ 5,000 $ 2,321 $ 21,138 Loans evaluated on a collective basis 2,261,956 1,340,017 1,877,746 687,213 537,733 1,156,252 7,860,917 Ending balance $ 2,270,319 $ 1,341,707 $ 1,881,510 $ 687,213 $ 542,733 $ 1,158,573 $ 7,882,055 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $3.9 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- occupied Commercial Commercial Mortgages Construction Residential (2) Consumer (3) Total Year Ended December 31, 2020 Allowance for loan and lease 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 adoption ASC 326 (4) 19,747 (1,472) 1,662 681 7,522 7,715 35,855 Charge-offs (10,388) (336) (104) — (229) (2,464) (13,521) Recoveries 4,255 142 158 36 230 893 5,714 Provision (credit) 114,412 6,665 21,903 7,582 (2,011) 4,629 153,180 Ending balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Period-end allowance allocated to: Loans evaluated on an individual basis $ 1 $ — $ 13 $ — $ — $ — $ 14 Loans evaluated on a collective basis 150,874 9,615 31,058 12,190 6,893 18,160 228,790 Ending balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Period-end loan balances: Loans evaluated on an individual basis $ 14,048 $ 6,496 $ 20,309 $ 79 $ 5,921 $ 2,371 $ 49,224 Loans evaluated on a collective basis 2,935,255 1,326,231 2,065,753 716,196 758,472 1,163,546 8,965,453 Ending balance $ 2,949,303 $ 1,332,727 $ 2,086,062 $ 716,275 $ 764,393 $ 1,165,917 $ 9,014,677 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $10.1 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: December 31, 2022 (Dollars in thousands) 30–89 Days Greater Than 90 Days Past Due and Still Accruing Total Past Due And Still Accruing Accruing Current Balances Nonaccrual Loans (1) Total Loans Commercial and industrial (2) $ 10,767 $ 311 $ 11,078 $ 3,116,478 $ 6,770 $ 3,134,326 Owner-occupied commercial 3,500 474 3,974 1,805,222 386 1,809,582 Commercial mortgages 2,137 237 2,374 3,343,551 5,159 3,351,084 Construction — — — 1,038,906 5,143 1,044,049 Residential (3) 2,563 — 2,563 753,703 3,199 759,465 Consumer (4) 12,263 15,513 27,776 1,781,009 2,145 1,810,930 Total (4) $ 31,230 $ 16,535 $ 47,765 $ 11,838,869 $ 22,802 $ 11,909,436 % of Total Loans 0.26 % 0.14 % 0.40 % 99.41 % 0.19 % 100.00 % (1) There were no nonaccrual loans with an allowance as of December 31, 2022. (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances exclude reverse mortgages at fair value of $2.4 million. (4) Includes $21.1 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss. December 31, 2021 (Dollars in thousands) 30–89 Days Greater Than 90 Days Past Due and Still Accruing Total Past Due And Still Accruing Accruing Current Balances Nonaccrual Loans (1) Total Loans Commercial and industrial (2) $ 5,007 $ 547 $ 5,554 $ 2,256,554 $ 8,211 $ 2,270,319 Owner-occupied commercial 741 — 741 1,340,155 811 1,341,707 Commercial mortgages 3,525 810 4,335 1,875,105 2,070 1,881,510 Construction 7,933 — 7,933 679,268 12 687,213 Residential (3) 1,856 — 1,856 537,752 3,125 542,733 Consumer (4) 10,227 8,634 18,861 1,137,332 2,380 1,158,573 Total (4) $ 29,289 $ 9,991 $ 39,280 $ 7,826,166 $ 16,609 $ 7,882,055 % of Total Loans 0.37 % 0.13 % 0.50 % 99.29 % 0.21 % 100.00 % (1) Nonaccrual loans with an allowance totaled less than $0.1 million. (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances exclude reverse mortgages at fair value of $3.9 million. (4) Includes $17.0 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 December 31, 2022 and December 31, 2021: December 31, 2022 December 31, 2021 (Dollars in thousands) Property Equipment and other Property Equipment and other Commercial and industrial (1) $ 3,848 $ 2,922 $ 4,199 $ 4,012 Owner-occupied commercial 386 — 811 — Commercial mortgages 5,159 — 2,070 — Construction 5,143 — 12 — Residential (2) 3,199 — 3,125 — Consumer (3) 2,145 — 2,380 — Total $ 19,880 $ 2,922 $ 12,597 $ 4,012 (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 of $1.0 million was recognized on individually reviewed loans during 2022 compared to $0.8 million during 2021 and 2020. As of December 31, 2022, there were 45 residential loans and 8 commercial loans in the process of foreclosure. The total outstanding balance on the loans was $6.7 million and $1.6 million, respectively. As of December 31, 2021, there were 28 residential loans and 9 commercial loans in the process of foreclosure. The total outstanding balance on the loans was $2.5 million and $3.2 million, respectively. Loan workout and OREO expenses recognized were $0.4 million in 2022, $1.5 million in 2021, and $3.2 million in 2020. Loan workout and OREO expenses are included in Loan workout and other credit costs on the Consolidated Statements of Income. 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 table provides 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, 2022. Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving loans amortized cost basis Revolving loans converted to term Total (Dollars in thousands) Commercial and industrial (1) : Risk Rating Pass (2) $ 1,123,803 $ 501,761 $ 387,225 $ 211,310 $ 153,713 $ 276,588 $ 8,099 $ 250,486 $ 2,912,985 Special mention 28,672 27,689 7,585 9,451 347 1,010 — 2,596 77,350 Substandard or Lower 32,362 16,162 6,943 37,534 37,133 6,768 — 7,089 143,991 $ 1,184,837 $ 545,612 $ 401,753 $ 258,295 $ 191,193 $ 284,366 $ 8,099 $ 260,171 $ 3,134,326 Owner-occupied commercial: Risk Rating Pass $ 280,898 $ 325,388 $ 258,177 $ 226,717 $ 106,390 $ 363,420 $ — $ 132,942 $ 1,693,932 Special mention 17,376 — — — — 2,166 — 3,351 22,893 Substandard or Lower 2,981 1,500 23,284 4,401 11,864 35,311 — 13,416 92,757 $ 301,255 $ 326,888 $ 281,461 $ 231,118 $ 118,254 $ 400,897 $ — $ 149,709 $ 1,809,582 Commercial mortgages: Risk Rating Pass $ 516,783 $ 600,226 $ 526,312 $ 549,788 $ 276,414 $ 594,024 $ — $ 210,550 $ 3,274,097 Special mention 1,450 75 3,848 6,121 9,596 32,014 — — 53,104 Substandard or Lower 1,861 1,210 12,552 2,909 3,573 1,209 — 569 23,883 $ 520,094 $ 601,511 $ 542,712 $ 558,818 $ 289,583 $ 627,247 $ — $ 211,119 $ 3,351,084 Construction: Risk Rating Pass $ 448,581 $ 299,619 $ 115,667 $ 9,319 $ 26,553 $ 7,539 $ — $ 122,116 $ 1,029,394 Special mention — — — — — — — 581 581 Substandard or Lower — 4,200 8,930 183 — — — 761 14,074 $ 448,581 $ 303,819 $ 124,597 $ 9,502 $ 26,553 $ 7,539 $ — $ 123,458 $ 1,044,049 Residential (3) : Risk Rating Performing $ 64,500 $ 110,508 $ 60,625 $ 36,118 $ 45,859 $ 434,175 $ — $ — $ 751,785 Nonperforming (4) — 729 502 999 1,218 4,232 — — 7,680 $ 64,500 $ 111,237 $ 61,127 $ 37,117 $ 47,077 $ 438,407 $ — $ — $ 759,465 Consumer (5) : Risk Rating Performing $ 595,158 $ 195,397 $ 126,456 $ 54,449 $ 220,039 $ 71,478 $ 540,308 $ 5,232 $ 1,808,517 Nonperforming (6) — — 350 — 479 — 1,255 329 2,413 $ 595,158 $ 195,397 $ 126,806 $ 54,449 $ 220,518 $ 71,478 $ 541,563 $ 5,561 $ 1,810,930 (1) Includes commercial small business leases. (2) Includes $3.8 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 table provides 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, 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) $ 556,896 $ 420,698 $ 329,354 $ 273,345 $ 139,800 $ 148,809 $ 5,551 $ 176,006 $ 2,050,459 Special mention 35,910 949 3,052 1,057 429 15,299 — 17,545 74,241 Substandard or Lower 12,533 14,408 53,655 29,046 19,114 6,921 29 9,913 145,619 $ 605,339 $ 436,055 $ 386,061 $ 303,448 $ 159,343 $ 171,029 $ 5,580 $ 203,464 $ 2,270,319 Owner-occupied commercial: Risk Rating Pass $ 305,156 $ 189,128 $ 172,503 $ 67,526 $ 136,697 $ 262,629 $ — $ 128,188 $ 1,261,827 Special mention 938 5,359 2,561 891 — 7,019 — 10,543 27,311 Substandard or Lower 3,192 13,736 4,138 9,418 5,580 11,039 — 5,466 52,569 $ 309,286 $ 208,223 $ 179,202 $ 77,835 $ 142,277 $ 280,687 $ — $ 144,197 $ 1,341,707 Commercial mortgages: Risk Rating Pass $ 416,149 $ 280,889 $ 217,311 $ 134,477 $ 229,863 $ 368,527 $ — $ 187,396 $ 1,834,612 Special mention — 4,185 — 861 11,588 1,385 — 2,097 20,116 Substandard or Lower 2,438 1,624 3,789 2,114 2,254 14,085 — 478 26,782 $ 418,587 $ 286,698 $ 221,100 $ 137,452 $ 243,705 $ 383,997 $ — $ 189,971 $ 1,881,510 Construction: Risk Rating Pass $ 248,053 $ 195,269 $ 84,868 $ 39,585 $ 2,223 $ 11,297 $ — $ 88,839 $ 670,134 Special mention — — — — — — — — — Substandard or Lower 12,922 — 2,422 — 90 — — 1,645 17,079 $ 260,975 $ 195,269 $ 87,290 $ 39,585 $ 2,313 $ 11,297 $ — $ 90,484 $ 687,213 Residential (3) : Risk Rating Performing $ 59,977 $ 28,426 $ 12,526 $ 32,871 $ 44,969 $ 358,964 $ — $ — $ 537,733 Nonperforming (4) — 112 1,044 — 63 3,781 — — 5,000 $ 59,977 $ 28,538 $ 13,570 $ 32,871 $ 45,032 $ 362,745 $ — $ — $ 542,733 Consumer (5) : Risk Rating Performing $ 219,918 $ 169,922 $ 74,048 $ 203,519 $ 39,113 $ 60,952 $ 382,718 $ 5,364 $ 1,155,554 Nonperforming (6) — 147 — 600 71 — 1,655 546 3,019 $ 219,918 $ 170,069 $ 74,048 $ 204,119 $ 39,184 $ 60,952 $ 384,373 $ 5,910 $ 1,158,573 (1) Includes commercial small business leases. (2) Includes $31.5 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 (TDR) The following table presents the balance of TDRs as of the indicated dates: (Dollars in thousands) December 31, 2022 December 31, 2021 Performing TDRs $ 19,737 $ 14,204 Nonperforming TDRs 2,006 756 Total TDRs $ 21,743 $ 14,960 Approximately $0.6 million and $0.2 million in related reserves have been established for these loans at December 31, 2022 and December 31, 2021, respectively. The following tables present information regarding the types of loan modifications made and the balances of loans modified as TDRs during the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Contractual payment reduction Maturity date extension Discharged in bankruptcy Other (1) Total Contractual Maturity Discharged Other (1) Total Commercial 1 2 — 2 5 — — — — — Owner-occupied commercial — 1 — — 1 — — — — — Commercial mortgages — 1 — — 1 — — — — — Construction — 1 — — 1 — — — — — Residential 1 — 1 1 3 — — 2 — 2 Consumer 151 48 8 3 210 — 1 23 6 30 Total 153 53 9 6 221 — 1 25 6 32 (1) Other includes interest rate reduction, forbearance, and interest only payments. Year Ended December 31, (Dollars in thousands) 2022 2021 Pre Post Pre Modification Post Modification Commercial $ 1,067 $ 1,067 $ — $ — Owner-occupied commercial 2,087 2,087 — — Commercial mortgages 2,380 2,380 — — Construction — — — — Residential 302 302 146 146 Consumer 4,178 4,178 1,585 1,585 Total (1)(2)(3) $ 10,014 $ 10,014 $ 1,731 $ 1,731 (1) During the year ended December 31, 2022, the TDRs in the table above resulted in a $0.5 million increase in the allowance for credit losses, and no additional charge-offs. During the year ended December 31, 2022, no TDRs defaulted that had received troubled debt modification during the past twelve months. (2) During the year ended December 31, 2021 the TDRs in the table above resulted in a less than $0.1 million increase in the allowance for credit losses, and no additional charge-offs. During the year ended December 31, 2021, no TDRs defaulted that had received troubled debt modification during the past twelve months. (3) The TDRs in the table above did not occur as a result of the loan forbearance program under the CARES Act.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	9. PREMISES AND EQUIPMENT The following table shows the components of premises and equipment, at cost, summarized by major classifications: December 31, (Dollars in thousands) 2022 2021 Land $ 33,932 $ 18,469 Buildings 49,406 34,481 Leasehold improvements 77,845 66,098 Furniture and equipment 55,284 70,915 Gross premises and equipment 216,467 189,963 Less: Accumulated depreciation 100,864 102,668 Net premises and equipment $ 115,603 $ 87,295 The Company recognized depreciation expense of $20.9 million, $13.5 million and $14.3 million for the years ended December 31, 2022, 2021 and 2020, respectively.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	10. 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 39 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 Consolidated Statement of Financial Condition. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense is recognized on a straight-line basis over the lease term. Operating lease expense is included in Occupancy expense in the Consolidated Statement of Income. The Company accounts for lease components separately from nonlease components and subleases certain real estate to third parties. The components of the Company's ongoing operating lease cost were as follows: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Operating lease cost (1) $ 20,123 $ 18,564 $ 18,690 Sublease income (280) (365) (372) Net lease cost $ 19,843 $ 18,199 $ 18,318 (1) Includes variable lease cost and short-term lease cost. Supplemental balance sheet information related to operating leases was as follows: (Dollars in thousands) December 31, 2022 December 31, 2021 Right-of-use assets $ 138,182 $ 144,134 Lease liabilities $ 158,269 $ 159,526 Lease term and discount rate of operating leases Weighted average remaining lease term (in years) 17.91 19.17 Weighted average discount rate 4.25 % 4.27 % Maturities of operating lease liabilities were as follows: (Dollars in thousands) December 31, 2022 2023 $ 19,372 2024 18,107 2025 18,158 2026 14,670 2027 13,538 After 2027 157,493 Total lease payments 241,338 Less: Interest (83,069) Present value of lease liabilities $ 158,269 Supplemental cash flow information related to leases was as follows: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 20,987 $ 17,834 $ 18,452 Right of use assets obtained in exchange for new operating lease liabilities (non-cash) 13,707 — — Lessor Equipment Leasing The Company provides equipment and small business lease financing through its leasing subsidiary, NewLane Finance ® , acquired from its Beneficial acquisition. 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 are included within Provision for (recovery of) credit losses on the Consolidated Statements of Income. The components of direct finance lease income are summarized in the table below: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Direct financing leases: Interest income on lease receivable $ 42,542 $ 21,947 $ 15,805 (Amortization)/accretion of deferred fees and costs (3,718) (1,963) 433 Total direct financing lease income $ 38,824 $ 19,984 $ 16,238 Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows: (Dollars in thousands) December 31, 2022 December 31, 2021 Lease receivables $ 642,369 $ 399,688 Unearned income (95,683) (55,066) Deferred fees and costs 12,295 7,654 Net investment in direct financing leases $ 558,981 $ 352,276 Future minimum lease payments to be received for direct financing leases were as follows: (Dollars in thousands) December 31, 2022 2023 $ 206,375 2024 173,070 2025 128,281 2026 85,130 2027 40,335 After 2027 9,178 Total lease payments $ 642,369
LEASES	10. 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 39 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 Consolidated Statement of Financial Condition. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense is recognized on a straight-line basis over the lease term. Operating lease expense is included in Occupancy expense in the Consolidated Statement of Income. The Company accounts for lease components separately from nonlease components and subleases certain real estate to third parties. The components of the Company's ongoing operating lease cost were as follows: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Operating lease cost (1) $ 20,123 $ 18,564 $ 18,690 Sublease income (280) (365) (372) Net lease cost $ 19,843 $ 18,199 $ 18,318 (1) Includes variable lease cost and short-term lease cost. Supplemental balance sheet information related to operating leases was as follows: (Dollars in thousands) December 31, 2022 December 31, 2021 Right-of-use assets $ 138,182 $ 144,134 Lease liabilities $ 158,269 $ 159,526 Lease term and discount rate of operating leases Weighted average remaining lease term (in years) 17.91 19.17 Weighted average discount rate 4.25 % 4.27 % Maturities of operating lease liabilities were as follows: (Dollars in thousands) December 31, 2022 2023 $ 19,372 2024 18,107 2025 18,158 2026 14,670 2027 13,538 After 2027 157,493 Total lease payments 241,338 Less: Interest (83,069) Present value of lease liabilities $ 158,269 Supplemental cash flow information related to leases was as follows: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 20,987 $ 17,834 $ 18,452 Right of use assets obtained in exchange for new operating lease liabilities (non-cash) 13,707 — — Lessor Equipment Leasing The Company provides equipment and small business lease financing through its leasing subsidiary, NewLane Finance ® , acquired from its Beneficial acquisition. 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 are included within Provision for (recovery of) credit losses on the Consolidated Statements of Income. The components of direct finance lease income are summarized in the table below: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Direct financing leases: Interest income on lease receivable $ 42,542 $ 21,947 $ 15,805 (Amortization)/accretion of deferred fees and costs (3,718) (1,963) 433 Total direct financing lease income $ 38,824 $ 19,984 $ 16,238 Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows: (Dollars in thousands) December 31, 2022 December 31, 2021 Lease receivables $ 642,369 $ 399,688 Unearned income (95,683) (55,066) Deferred fees and costs 12,295 7,654 Net investment in direct financing leases $ 558,981 $ 352,276 Future minimum lease payments to be received for direct financing leases were as follows: (Dollars in thousands) December 31, 2022 2023 $ 206,375 2024 173,070 2025 128,281 2026 85,130 2027 40,335 After 2027 9,178 Total lease payments $ 642,369

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	11. 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 year ended December 31, 2022, 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 year ended December 31, 2022. The following table shows the allocation of goodwill to the reportable operating segments for purposes of goodwill impairment testing: ( Dollars in thousands ) WSFS Bank Wealth Management Consolidated Company December 31, 2020 $ 452,629 $ 20,199 $ 472,828 Goodwill adjustments — — — December 31, 2021 452,629 20,199 472,828 Goodwill from business combinations 297,646 116,691 414,337 Goodwill adjustments (1) 3,311 (6,839) (3,528) December 31, 2022 $ 753,586 $ 130,051 $ 883,637 (1) Goodwill adjustments include the remeasurements as noted in Note 3 and Wealth Management includes the impact of the sale of the BMTIA business. 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 Intangible Assets Accumulated Amortization Net Intangible Assets Amortization Period December 31, 2022 Core deposits $ 104,751 $ (40,443) $ 64,308 10 years Customer relationships 68,281 (12,937) 55,344 7-15 years Non-compete agreements 200 (200) — 1 year Tradename 2,900 — 2,900 indefinite Loan servicing rights (1) 11,118 (5,075) 6,043 10-25 years Total intangible assets $ 187,250 $ (58,655) $ 128,595 December 31, 2021 Core deposits $ 93,811 $ (30,103) $ 63,708 10 years Customer relationships 15,281 (7,876) 7,405 7-15 years Loan servicing rights (2) 6,671 (3,381) 3,290 10-25 years Total intangible assets $ 115,763 $ (41,360) $ 74,403 (1) Includes impairment losses of $0.3 million for the year ended December 31, 2022. (2) Includes reversal of impairment losses of $0.3 million for the year ended December 31, 2021. In connection with the BMBC Merger on January 1, 2022, the Company recorded $10.9 million of core deposit intangibles, $53.0 million of customer relationships, $2.9 million for the Bryn Mawr Trust tradename, $0.2 million in non-compete agreements, and $3.3 million of loan servicing rights. See Note 3 to the Consolidated Financial Statements for additional information on intangible assets recorded in connection with the BMBC Merger. The Company recognized amortization expense on other intangible assets of $15.7 million, $10.6 million and $10.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. The following presents the estimated amortization expense of intangibles: (Dollars in thousands) Amortization of Intangibles 2023 $ 16,584 2024 16,332 2025 15,996 2026 15,328 2027 14,902 Thereafter 46,553 Total $ 125,695 Servicing Assets The Company records mortgage servicing rights on its mortgage loan servicing portfolio, which includes mortgages that it acquires or originates as well as mortgages that it services for others, and servicing rights on Small Business Administration (SBA) loans. Mortgage servicing rights and SBA loan servicing rights are included are in Intangible assets in the accompanying Consolidated Statements of Financial Condition. Mortgage loans which the Company services for others are not included in Loans and leases, net of allowance in the accompanying Consolidated Statements of Financial Condition. Servicing rights represent the present value of the future net servicing fees from servicing mortgage loans the Company acquires or originates, or that it services for others. The value of the Company's mortgage servicing rights was $2.1 million and $0.5 million at December 31, 2022 and 2021, respectively, and the value of its SBA loan servicing rights was $4.0 million and $2.8 million at December 31, 2022 and 2021, respectively. In connection with the BMBC Merger, the Company acquired $2.0 million of mortgage servicing rights and $1.3 million of SBA loan servicing rights. Changes in the value of these servicing rights resulted in impairment losses of $0.3 million during 2022 and a reversal of impairment losses of $0.3 million during 2021. Revenues from originating, marketing and servicing mortgage loans as well as valuation adjustments related to capitalized mortgage servicing rights are included in Mortgage Banking Activities, Net in the Consolidated Statements of Income and revenues from the Company's SBA loan servicing rights are included in Loan fee income, in the Consolidated Statements of Income. Besides the impairment on loan servicing rights noted above, there was no impairment of other intangible assets as of December 31, 2022 or 2021. Changing economic conditions that may adversely affect the Company's performance and could result in impairment, which could adversely affect earnings in the future.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
DEPOSITS	12. DEPOSITS The following table is a summary of the Company's deposits by category: December 31, (Dollars in thousands) 2022 2021 Noninterest-bearing: Noninterest-bearing demand $ 5,739,647 $ 4,565,143 Total noninterest-bearing $ 5,739,647 $ 4,565,143 Interest-bearing: Interest-bearing demand $ 3,346,682 $ 2,793,279 Savings 2,161,858 1,970,744 Money market 3,730,778 2,906,260 Customer time deposits 1,102,013 988,974 Brokered deposits 122,591 15,662 Total interest-bearing $ 10,463,922 $ 8,674,919 Total deposits $ 16,203,569 $ 13,240,062 The following table is a summary of the remaining time to maturity for customer time deposits: December 31, (Dollars in thousands) 2022 2021 Certificates of deposit (not jumbo): Less than one year $ 712,582 $ 623,762 One year to two years 163,260 161,486 Two years to three years 21,740 54,943 Three years to four years 11,303 12,116 Over four years 10,378 6,618 Total certificates of deposit (not jumbo) $ 919,263 $ 858,925 Jumbo certificates of deposit (1) Less than one year $ 151,406 $ 94,955 One year to two years 26,215 22,557 Two years to three years 3,732 11,488 Three years to four years 690 322 Over four years 707 727 Total jumbo certificates of deposit $ 182,750 $ 130,049 Total certificates of deposit $ 1,102,013 $ 988,974 (1) Represents certificates of deposit balances in excess of $250 thousand from individuals, businesses and municipalities. The following table is a summary of interest expense on deposits by category: Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Interest-bearing demand $ 7,441 $ 2,262 $ 4,229 Money market 13,536 3,218 9,423 Savings 965 586 3,518 Time deposits 5,626 7,332 18,699 Total customer interest expense $ 27,568 $ 13,398 $ 35,869 Brokered deposits 613 1,525 3,393 Total interest expense on deposits $ 28,181 $ 14,923 $ 39,262

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
BORROWED FUNDS	13. BORROWED FUNDS The following is a summary of borrowed funds by type, at or for the twelve months ended: (Dollars in thousands) Balance at End of Period Weighted Average Interest Rate Maximum Outstanding at Month End During the Period Average Amount Outstanding During the Year Weighted Average Interest Rate During the Year December 31, 2022 Federal funds purchased $ — — % $ — $ 11,603 3.82 % FHLB advances 350,000 4.46 350,000 12,841 4.19 Trust preferred borrowings 90,442 6.63 90,442 90,337 3.85 Senior and subordinated debt 248,169 4.51 248,566 248,389 3.32 Other borrowed funds 38,283 0.10 38,283 35,473 0.10 December 31, 2021 Federal funds purchased $ — — % $ — $ 27 — % FHLB advances — — — 184 2.72 Trust preferred borrowings 67,011 1.91 67,011 67,011 1.90 Senior debt 147,939 2.94 246,763 192,243 3.38 Other borrowed funds 24,527 0.10 27,292 21,634 0.10 Federal Funds Purchased and Securities Sold Under Agreements to Repurchase During 2022 and 2021, the Company purchased federal funds as a short-term funding source. The Company had no securities sold under agreements to repurchase at December 31, 2022 and December 31, 2021. Federal Home Loan Bank Advances As of December 31, 2022, advances from the FHLB totaled $350.0 million with rates ranging from 4.45% to 4.50%. All FHLB advances had original maturities of less than one year. Pursuant to collateral agreements with the FHLB, advances are secured by qualifying loan collateral, qualifying fixed-income securities, FHLB stock and an interest-bearing demand deposit account with the FHLB. As a member of the FHLB, the Company is required to purchase and hold shares of capital stock in the FHLB and was in compliance with this requirement with a stock investment in FHLB of $24.1 million at December 31, 2022 and $6.1 million at December 31, 2021. This stock is carried on the accompanying Consolidated Statements of Financial Condition at cost, which approximates liquidation value. The Company received dividends on its stock investment in FHLB of $0.3 million and $0.1 million for the years ended December 31, 2022 and 2021, respectively. For additional information regarding FHLB Stock, see Note 19. Trust Preferred Borrowings In 2005, the Company issued $67.0 million of aggregate principal amount of Pooled Floating Rate Securities at a variable interest rate of 177 basis points over the three-month LIBOR rate. These securities are currently callable and have a maturity date of June 1, 2035. In connection with the BMBC Merger, WSFS acquired Royal Bancshares Capital Trust I (Trust I) and Royal Bancshares Capital Trust II (Trust II) (collectively, the Trusts), which were utilized for the sole purpose of issuing and selling capital securities representing preferred beneficial interests. Although WSFS owns an aggregate of $774.0 thousand of the common securities of Trust I and Trust II, the Trusts are not consolidated into the Corporation’s Consolidated Financial Statements as the Corporation is not deemed to be the primary beneficiary of these entities. Inclusive of the fair value marks, WSFS assumed junior subordinated debentures to the Trusts with a carrying value of $11.7 million each, totaling $23.4 million. The junior subordinated debentures incur interest at a coupon rate of 6.92% as of December 31, 2022. The rate resets quarterly based on 3-month LIBOR plus 2.15%. Each of Trust I and Trust II issued an aggregate principal amount of $12.5 million of capital securities initially bearing fixed and/or fixed/floating interest rates corresponding to the debt securities held by each Trust to an unaffiliated investment vehicle and an aggregate principal amount of $387.0 thousand of common securities bearing fixed and/or fixed/floating interest rates corresponding to the debt securities held by each Trust to the Company. The Company has fully and unconditionally guaranteed all of the obligations of the Trusts, including any distributions and payments on liquidation or redemption of the capital securities. The rights of holders of common securities of the Trusts are subordinate to the rights of the holders of capital securities only in the event of a default; otherwise, the common securities’ economic and voting rights are pari passu with the capital securities. The capital and common securities of the Trusts are subject to mandatory redemption upon the maturity or call of the junior subordinated debentures held by each. Unless earlier dissolved, the Trusts will dissolve on December 15, 2034. The junior subordinated debentures are the sole assets of Trusts, mature on December 15, 2034, and may be called at par by the Company any time. The Company records its investments in the Trusts’ common securities of $387.0 thousand each as investments in unconsolidated entities and records dividend income upon declaration by Trust I and Trust II. Senior and Subordinated Debt On June 13, 2016, the Company issued $100.0 million of senior notes due 2026 (the 2026 Notes). The 2026 Notes had a fixed coupon rate of 4.50% from issuance to but excluding June 15, 2021 and a variable coupon rate of three month LIBOR plus 3.30% from June 15, 2021 until maturity. The 2026 Notes were redeemed on June 15, 2021 at 100% of principal plus accrued and unpaid interest using cash on hand. On December 3, 2020, the Company issued $150.0 million of senior notes due 2030 (the 2030 Notes). The 2030 Notes mature on December 15, 2030 and have a fixed coupon rate of 2.75% from issuance until December 15, 2025 and a variable coupon rate equal to the three-month term SOFR, reset quarterly, plus 2.485% from December 15, 2025 until maturity. The 2030 Notes may be redeemed beginning December 15, 2025 at 100% of principal plus accrued and unpaid interest. The remaining net proceeds from the issuance of the 2030 Notes are being used for general corporate purposes, including, but not limited to, financing organic growth, acquisitions, repurchases of common stock, and redemption of outstanding indebtedness. The carrying value of the 2030 Notes, inclusive of deferred issuance costs, was $148.2 million as of December 31, 2022. In connection with the BMBC Merger, the Company assumed $30.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2025 (the 2025 Notes) which were issued in a private placement to institutional accredited investors on August 6, 2015. The 2025 Notes mature on August 15, 2025, and currently bear interest at a variable rate that resets quarterly to a level equal to the then-current three-month LIBOR rate plus 3.068% until August 15, 2025, or any early redemption date. The interest rate of the 2025 Notes was 7.837% as of December 31, 2022. The carrying value of the 2025 Notes, inclusive of purchase accounting marks, was $30.0 million as of December 31, 2022. In connection with the BMBC Merger, the Company assumed $70.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2027 (the 2027 Notes) which were issued by BMBC in an underwritten public offering on December 13, 2017. The 2027 Notes mature on December 15, 2027, and currently bear interest at an annual fixed rate of 6.82% until and including December 14, 2022, and will thereafter bear interest at a variable rate that will reset quarterly to a level equal to the then-current three-month LIBOR rate plus 2.05% until December 15, 2027, or any early redemption date. The carrying value of the 2027 Notes, inclusive of purchase accounting marks, was $70.0 million as of December 31, 2022. Other Borrowed Funds Included in other borrowed funds are collateralized borrowings of $38.3 million and $24.5 million at December 31, 2022 and 2021, respectively, consisting of outstanding retail repurchase agreements, contractual arrangements under which portions of certain securities are sold overnight to retail customers under agreements to repurchase. Such borrowings were collateralized by mortgage-backed securities. Borrower in Custody The Company had $737.7 million and $282.1 million of loans and securities pledged to the Federal Reserve of Philadelphia (FRB) at December 31, 2022 and December 31, 2021, respectively. The Company did not borrow funds from the FRB during 2022 or 2021.

STOCKHOLDERS' EQUITY AND REGULA

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY AND REGULATORY CAPITAL	14. STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL Savings associations such as the Bank are subject to regulatory capital requirements administered by various banking regulators. Failure to meet minimum capital requirements could result in certain actions by regulators that could have a material effect on the Company’s Consolidated Financial Statements. Risk-based capital requirements applicable to bank holding companies and depository institutions include a minimum common equity Tier 1 capital ratio of 4.50% of risk-weighted assets, a minimum Tier 1 capital ratio of 6.00% of risk-weighted assets, and a current minimum total capital ratio of 8.00% of risk-weighted assets and a minimum Tier 1 leverage capital ratio of 4.00% of average assets. As of December 31, 2022 and 2021, the Bank was in compliance with regulatory capital requirements and exceeded the levels necessary for the Bank to be considered “well capitalized” as defined in the regulations. The following table presents the capital position of the Bank and the Company as of December 31, 2022 and 2021: Consolidated Capital Minimum For Capital Adequacy Purposes To Be Well-Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent Amount Percent Amount Percent December 31, 2022 Total Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB $ 2,157,846 13.84 % $ 1,246,886 8.00 % $ 1,558,608 10.00 % WSFS Financial Corporation 2,219,920 14.20 1,250,689 8.00 1,563,361 10.00 Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 2,003,779 12.86 935,165 6.00 1,246,886 8.00 WSFS Financial Corporation 1,910,195 12.22 938,017 6.00 1,250,689 8.00 Common Equity Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 2,003,779 12.86 701,373 4.50 1,013,095 6.50 WSFS Financial Corporation 1,910,195 12.22 703,512 4.50 1,016,185 6.50 Tier 1 Leverage Capital Wilmington Savings Fund Society, FSB 2,003,779 10.29 779,288 4.00 974,110 5.00 WSFS Financial Corporation 1,910,195 9.79 780,333 4.00 975,416 5.00 December 31, 2021 Total Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB $ 1,639,708 15.91 % $ 824,687 8.00 % $ 1,030,858 10.00 % WSFS Financial Corporation 1,610,964 15.59 826,839 8.00 1,033,548 10.00 Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 1,557,142 15.11 618,515 6.00 824,687 8.00 WSFS Financial Corporation 1,528,398 14.79 620,129 6.00 826,839 8.00 Common Equity Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 1,557,142 15.11 463,886 4.50 670,058 6.50 WSFS Financial Corporation 1,463,398 14.16 465,097 4.50 671,806 6.50 Tier 1 Leverage Capital Wilmington Savings Fund Society, FSB 1,557,142 10.44 596,711 4.00 745,889 5.00 WSFS Financial Corporation 1,528,398 10.24 597,179 4.00 746,473 5.00 The Holding Company As of December 31, 2022, the Company's capital structure includes one class of stock, $0.01 par common stock outstanding with each share having equal voting rights. In 2005, the Trust issued Pooled Floating Rate Securities at a variable interest rate of 177 basis points over the three-month LIBOR rate with a scheduled maturity of June 1, 2035. The par value of these securities is $2.0 million and the aggregate principal is $67.0 million. The proceeds from the issue were invested in Junior Subordinated Debentures issued by the Company. At December 31, 2022, the coupon rate of the Trust securities was 6.53%. The effective rate will vary due to fluctuations in interest rates. In connection with the BMBC Merger, WSFS acquired Royal Bancshares Capital Trust I (Trust I) and Royal Bancshares Capital Trust II (Trust II) (collectively, the Trusts), which were utilized for the sole purpose of issuing and selling capital securities representing preferred beneficial interests. Although WSFS owns an aggregate of $774.0 thousand of the common securities of Trust I and Trust II, the Trusts are not consolidated into the Corporation’s Consolidated Financial Statements as the Corporation is not deemed to be the primary beneficiary of these entities. Inclusive of the fair value marks, WSFS assumed junior subordinated debentures to the Trusts with a carrying value of $11.7 million each, totaling $23.4 million. The junior subordinated debentures incur interest at a coupon rate of 6.92% as of December 31, 2022. The rate resets quarterly based on 3-month LIBOR plus 2.15%. These securities are treated as borrowings with interest included in Interest on trust preferred borrowings on the Consolidated Statements of Income and included in Trust preferred borrowings in the Consolidated Statements of Financial Condition. The Trust preferred borrowings issued in 2005 and acquired through the BMBC Merger qualify as Tier 2 capital. The Trust preferred borrowings issued in 2005 were previously Tier 1 capital, but migrated to Tier 2 capital following the BMBC Merger and impacts of 12 C.F.R. § 217.300(c)(2)(i). The Bank is prohibited from paying any dividend or making any other capital distribution if, after making the distribution, the Bank would be under-capitalized within the meaning of the Prompt Corrective Action regulations. At December 31, 2022, $205.8 million in cash remains at the holding company to support the parent company’s needs. Pursuant to federal laws and regulations, the Company's ability to engage in transactions with affiliated corporations, including the loan of funds to, or guarantee of the indebtedness of, an affiliate, is limited. During the year ended December 31, 2022, the Company repurchased 4,151,117 common shares at an average price of $46.78 per share as part of its share buy-back program approved by the Board of Directors. The program is consistent with the Company's intent to return a minimum of 35% of annual core net income to stockholders through dividends and share repurchases while maintaining capital ratios in excess of regulatory minimums, and in the case of the Bank, the “well-capitalized” benchmarks.

ASSOCIATE BENEFIT PLANS

ASSOCIATE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
ASSOCIATE BENEFIT PLANS	15. ASSOCIATE BENEFIT PLANS Associate 401(k) Savings Plan Certain subsidiaries of ours maintain a qualified plan in which Associates may participate. Participants in the plan may elect to direct a portion of their wages into investment accounts that include professionally managed mutual and money market funds and the Company's common stock. Generally, the principal and related earnings are tax deferred until withdrawn. The Company matches a portion of the Associates’ contributions. As a result, the Company's total cash contributions to the plan on behalf of its Associates resulted in an expense of $9.1 million, $7.0 million, and $6.6 million for 2022, 2021, and 2020, respectively. All contributions are invested in accordance with the Associates’ selection of investments. If Associates do not designate how discretionary contributions are to be invested, 100% is invested in target-date fund that corresponds with the participant’s age. Associates may generally make transfers to various other investment vehicles within the plan. The plan’s yearly activity includes net sales of 8,000, 33,000 and 14,000 shares of the Company's common stock in 2022, 2021 and 2020 respectively. There were no purchases in 2022, 2021 or 2020. 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 that the Company recognized 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 Consolidated Statements of Income. ASC 715 requires that the Company recognizes the funded status of its defined benefit postretirement plan in the statement of financial condition, with a corresponding adjustment to accumulated other comprehensive income (loss), net of tax. The adjustment to accumulated other comprehensive income (loss) at adoption represented the net unrecognized actuarial losses and unrecognized transition obligation remaining from the initial adoption of ASC 715, all of which were previously netted against the plan’s funded status in the statement of financial condition pursuant to the provisions of ASC 715. These amounts will be subsequently recognized as net periodic pension costs pursuant to the Company's historical accounting policy for amortizing such amounts. Further, actuarial gains and losses that arise in subsequent periods, and are not recognized as net periodic pension cost in the same periods, will be recognized as a component of other comprehensive income (loss). Those amounts will be subsequently recognized as a component of net periodic pension cost on the same basis as the amounts recognized in accumulated other comprehensive income (loss) at adoption of ASC 715. The following disclosures relating to postretirement medical benefits were measured at December 31: (Dollars in thousands) 2022 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 2,138 $ 2,288 $ 2,170 Service cost 52 67 61 Interest cost 51 54 67 Actuarial (gain) loss (833) (216) 80 Benefits paid (77) (55) (90) Benefit obligation at end of year $ 1,331 $ 2,138 $ 2,288 Change in plan assets: Fair value of plan assets at beginning of year $ — $ — $ — Employer contributions 77 55 90 Benefits paid (77) (55) (90) Fair value of plan assets at end of year $ — $ — $ — Unfunded status $ (1,331) $ (2,138) $ (2,288) Amounts recognized in accumulated other comprehensive income (1) : Net prior service credit $ 283 $ 359 $ 435 Net gain 1,625 607 376 Net amount recognized $ 1,908 $ 966 $ 811 Components of net periodic (benefit) cost: Service cost $ 52 $ 67 $ 61 Interest cost 51 54 67 Amortization of prior service cost (76) (76) (76) Net gain recognition (84) (20) (36) Net periodic (benefit) cost $ (57) $ 25 $ 16 Assumption used to determine net periodic benefit cost: Discount rate 2.80 % 2.40 % 3.20 % Assumption used to value the Accumulated Postretirement Benefit Obligation (APBO): Discount rate 5.00 % 2.70 % 2.40 % (1) Before tax effects Estimated future benefit payments: The following table shows the expected future payments for the next 10 years: (Dollars in thousands) During 2023 $ 55 During 2024 58 During 2025 62 During 2026 65 During 2027 68 During 2028 through 2032 390 $ 698 The Company assumes medical benefits will increase at an average rate of less than 10% per annum. The costs incurred for retirees’ health care are limited since certain current and all future retirees are restricted to an annual medical premium cap indexed (since 1995) by the lesser of 4% or the actual increase in medical premiums paid by us. For 2022, this annual premium cap amounted to $4,157 per retiree. The Company estimates that it will contribute approximately $4,323 per retiree to the plan during fiscal 2023. Alliance Associate Pension Plan During the fourth quarter of 2015, the Company completed the acquisition of Alliance. At the time of the acquisition the Company assumed the Alliance pension plan offered to current Alliance associates. During the fourth quarter of 2018, the Company notified the Alliance pension plan participants, the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) of its intention to terminate the plan and received IRS and PBGC approval in the first quarter of 2020. The Company completed the termination and contributed $0.5 million to the plan to settle the obligation during the three months ended June 30, 2020. The following disclosures relating to Alliance pension benefits were measured at: (Dollars in thousands) June 30, 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 6,893 Interest cost 105 Settlements (7,272) Actuarial loss 274 Benefit obligation at end of period $ — Change in plan assets: Fair value of plan assets at beginning of year $ 7,431 Actual return on plan assets (159) Settlements (7,272) Fair value of plan assets at end of period $ — Funded status $ — Amounts recognized in accumulated other comprehensive income (1) : Net loss $ — Components of net periodic cost: Service cost $ 17 Interest cost 105 Expected return on plan assets (196) Plan settlement loss 1,431 Net periodic cost $ 1,357 (1) Before tax effects Beneficial Associate Pension and other postretirement benefit plans On March 1, 2019, the Company closed the acquisition of Beneficial. At the time of acquisition, the Company assumed the pension plan covering certain eligible Beneficial Associates. The plan was frozen in 2008. The following disclosures relating to Beneficial pension benefits and other postretirement benefit plans were measured at December 31, 2022: 2022 2021 (Dollars in thousands) Pension Benefits Other Postretirement Benefits Pension Benefits Other Postretirement Benefits Change in benefit obligation: Benefit obligation at beginning of year $ 104,695 $ 18,105 $ 112,283 $ 19,302 Service cost — 33 — 39 Interest cost 2,425 383 2,100 309 Plan participants' contributions — 55 — 68 Amendments — — (83) — Actuarial gain (26,233) (3,346) (4,420) (442) Benefits paid (5,736) (1,336) (5,185) (1,171) Benefit obligation at end of year $ 75,151 $ 13,894 $ 104,695 $ 18,105 Change in plan assets: Fair value of plan assets at beginning of year $ 108,242 $ — $ 111,129 $ — Actual return on Plan Assets (22,867) — 2,734 — Employer contribution 225 1,281 308 1,103 Participants' contributions — 55 — 68 Settlements — — (83) — Benefits paid (5,736) (1,336) (5,185) (1,171) Administrative expenses (577) — (661) — Fair value of plan assets at end of year $ 79,287 $ — $ 108,242 $ — Funded (unfunded) status $ 4,136 $ (13,894) $ 3,547 $ (18,105) Amounts recognized in accumulated other comprehensive income (1) : Net loss (gain) $ 10,658 $ (3,259) $ 6,882 $ 87 Components of net periodic (benefit) cost: Service cost $ — $ 33 $ — $ 39 Interest cost 2,425 383 2,100 309 Expected return on plan assets (6,586) — (6,783) — Net loss (gain) recognition 16 — 27 (11) Net periodic (benefit) cost $ (4,145) $ 416 $ (4,656) $ 337 (1) Before tax effects Significant assumptions used to calculate the net periodic benefit cost and obligation for Beneficial postretirement plans as of December 31, 2022 are as follows: Consolidated Pension Plan 2022 2021 Discount rate for net periodic benefit cost 2.82 % 2.50 % Expected return on plan assets 6.25 % 6.25 % Discount rate for disclosure obligations 5.24 % 2.82 % Beneficial Bank Other Postretirement Discount rate for net periodic benefit cost 2.69 % 2.32 % Discount rate for disclosure obligations 5.18 % 2.70 % FMS Other Postretirement Discount rate for net periodic benefit cost 2.07 % 1.47 % Discount rate for disclosure obligations 4.93 % 2.07 % Split-Dollar Plan Discount rate for net periodic benefit cost 2.05 % 1.44 % Discount rate for disclosure obligations 4.92 % 2.04 % Estimated future benefit payments: The following table shows the expected future payments for the next 10 years: (Dollars in thousands) Pension Benefits Other Postretirement Benefits During 2023 $ 4,846 $ 1,081 During 2024 6,398 1,122 During 2025 5,043 1,167 During 2026 6,561 1,170 During 2027 6,067 1,159 During 2028 through 2032 27,458 5,400 $ 56,373 $ 11,099 The fair values and weighted average asset allocations in plan assets of all pension and postretirement plan assets at December 31, 2022 and 2021 by asset category are as follows: Category Used for Fair Value Measurement December 31, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total Percent Assets: Mutual Funds: Large cap $ 3,721 $ — $ — $ 3,721 4.7 % International 6,651 — — 6,651 8.4 Global Managed Volatility 5,901 — — 5,901 7.4 U.S. Managed Volatility 2,216 — — 2,216 2.8 Fixed Income 43,255 — — 43,255 54.6 U.S. Government Agencies — 17,259 — 17,259 21.8 Pooled separate accounts 123 — — 123 0.2 Accrued Income 161 — — 161 0.1 Total $ 62,028 $ 17,259 $ — $ 79,287 100.0 % Category Used for Fair Value Measurement December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Percent Assets: Mutual Funds: Large cap $ 5,610 $ — $ — $ 5,610 5.2 % Mid cap 75 — — 75 0.1 Small cap 59 — — 59 0.1 International 9,728 — — 9,728 9.0 Global Managed Volatility 8,640 — — 8,640 8.0 U.S. Managed Volatility 3,243 — — 3,243 3.0 Fixed Income 69,194 — — 69,194 63.9 U.S. Government Agencies — 11,524 — 11,524 10.6 Accrued Income 169 — — 169 0.1 Total $ 96,718 $ 11,524 $ — $ 108,242 100.0 % As of December 31, 2022, pension and postretirement plan assets were comprised of investments in equity mutual funds, fixed income mutual funds, and pooled separate accounts. The Bank’s consolidated pension plan investment policy pro vides that assets are to be managed over a long-term investment horizon to ensure that the chances and duration of investment losses are carefully weighed against the long-term potential for asset appreciation. The primary objective of managing a plan’s assets is to improve the plan’s funded status. A secondary financial objective is, where possible, to minimize pension expense volatility. The Company’s pension plan allocates assets based on the plan’s funded status to risk management and return enhancement asset classes. The risk management class is comprised of a long duration fixed income fund while the return enhancement class consists of equity and other fixed income funds. Asset allocation ranges are generally 40% to 80% for risk management and 20% to 60% for return enhancement when the funded status is less than 110%, and 50% to 90% in risk management and 10% to 50% for return enhancement when the funded status reaches 110% , subject to the discretion of the Company. Also, a small portion is maintained in cash reserves when appropriate. The Company has four additional plans which are no longer being provided to current Associates: (1) a Supplemental Pension Plan with a corresponding liability of $0.3 million and $0.4 million for December 31, 2022 and 2021 respectively; (2) an Early Retirement Window Plan with a corresponding liability of $0.1 million for both December 31, 2022 and 2021; (3) a Supplemental Executive Retirement Plan with a corresponding liability of $1.3 million and $1.4 million for December 31, 2022 and 2021, respectively, and; (4) a Post-Retirement Medical Plan with a corresponding liability of $0.1 million for both December 31, 2022 and 2021.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	16. INCOME TAXES The Company and its subsidiaries file a consolidated federal income tax return and separate state income tax returns. The Company's income tax provision consists of the following: Year ended December 31, (Dollars in thousands) 2022 2021 2020 Current income taxes: Federal taxes $ 63,203 $ 32,836 $ 57,716 State and local taxes 18,763 13,421 6,768 Deferred income taxes: Federal taxes (4,094) 37,251 (32,962) State and local taxes 89 2,587 114 Total $ 77,961 $ 86,095 $ 31,636 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following is a summary of the significant components of the Company's deferred tax assets and liabilities as of December 31, 2022 and 2021: (Dollars in thousands) 2022 2021 Deferred tax assets: Allowance for credit losses $ 33,323 $ 19,847 Purchase accounting adjustments—loans 13,807 10,264 Reserves and other accruals 23,189 16,444 Investments 1,579 2,038 Net operating losses 3,315 96 Derivatives 3,521 4,181 Employee benefit plans 181 1,340 Lease liabilities 33,236 33,501 Unrealized losses on available-for-sale securities 212,222 10,642 Other (1) 1,179 383 Total deferred tax assets $ 325,552 $ 98,736 Deferred tax liabilities: Legal settlement — (3,150) Accelerated depreciation (5,994) (4,467) Right of use assets (28,859) (30,268) Deferred loan costs (53) (230) Intangibles (35,610) (20,897) Other (2) (4,280) (756) Total deferred tax liabilities (74,796) (59,768) Net deferred tax asset $ 250,756 $ 38,968 (1) Other deferred tax assets includes deferred gains and tax credits in 2022 and 2021, and reverse mortgages in 2022. (2) Other deferred tax liabilities includes derivatives and partnership investments in 2022 and 2021, and reverse mortgages in 2021. Included in the table above are deferred taxes recorded in accumulated OCI. At December 31, 2022, such items consisted primarily of deferred tax assets of $212.2 million of unrealized losses on certain investments in debt securities accounted for under ASC 320 and $1.5 million of unrealized losses related to postretirement benefit obligations accounted for under ASC 715. At December 31, 2021, the deferred tax assets consisted primarily of $10.6 million of unrealized gains on certain investments in debt securities and $1.5 million of unrealized losses related to postretirement benefit obligations. Based on the Company's history of prior earnings and its expectations of the future, it is anticipated that operating income and the reversal pattern of its temporary differences will, more likely than not, be sufficient to realize a net deferred tax asset of $250.8 million at December 31, 2022. The Company reduces the carrying amounts of deferred tax assets by a valuation allowance if, based on the available evidence, it is more likely than not that such assets will not be realized. The need to establish valuation allowances for deferred tax assets is assessed quarterly. In assessing the requirement for, and amount of, a valuation allowance in accordance with the more likely than not standard for all periods, the Company considers all positive and negative evidence related to the realization of the deferred tax assets. This assessment considers, among other matters, the generation of future profitability, the reversal of deferred tax liabilities, and tax planning strategies. The Company has $15.8 million of remaining Federal NOLs. Such NOLs expire beginning in 2030 and, due to Internal Revenue Service (IRS) limitations, $2.8 million are being utilized each year. Accordingly, the Company fully expects to utilize all of these NOLs. The Company has no state NOLs. Finally, the Company has $0.5 million of alternative minimum tax credits that have no expiration date and are fully expected to be utilized. A reconciliation showing the differences between the Company's effective tax rate and the U.S. Federal statutory tax rate is as follows: Year ended December 31, Year Ended December 31, 2022 2021 2020 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % State tax, net of federal tax benefit 5.1 3.9 3.7 Adjustment to net deferred tax asset for enacted changes in tax laws and rates — — (1.2) Tax-exempt interest (0.5) (0.2) (0.7) Bank-owned life insurance income — (0.1) (0.2) Excess tax benefits from share-based compensation — (0.1) — Nondeductible acquisition costs 0.1 0.2 — Federal tax credits, net of amortization (0.4) (0.5) (0.8) Nondeductible compensation 0.2 — — Nondeductible goodwill 0.5 — — Other (0.1) (0.1) — Effective tax rate 25.9 % 24.1 % 21.8 % 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. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. Benefits from tax positions are recognized in the financial statements only when it is more-likely-than-not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold are recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold are derecognized in the first subsequent financial reporting period in which that threshold is no longer met. ASC 740 also provides guidance on the accounting for and disclosure of unrecognized tax benefits, interest and penalties. There were no unrecognized tax benefits as of December 31, 2022. 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 2019 through 2022 tax years are subject to examination as of December 31, 2022. No federal or state income tax return examinations are currently in process. The Company does not expect to record or realize any material unrecognized tax benefits during 2023. The amortization of the low-income housing credit investments has been reflected as income tax expense in the amount of $4.8 million for the year ended December 31, 2022, compared to $3.6 million and $3.3 million for the years ended December 31, 2021 and December 31, 2020, respectively. The amount of affordable housing tax credits, amortization and tax benefits recorded as income tax expense for the year ended December 31, 2022 were $4.3 million, $4.8 million and $1.3 million respectively. The carrying value of the investment in affordable housing credits is $69.0 million December 31, 2022, compared to $39.6 million December 31, 2021.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	17. STOCK-BASED COMPENSATION The Company's stock incentive plans provide for the granting of stock options, stock appreciation rights, performance awards, restricted stock, restricted stock units (RSUs), performance-based restricted stock units (PSUs) and other stock based awards or cash incentives that are consistent with the purpose of the incentive plans and interests of the Company. Upon stockholder approval in 2018, the 2013 Incentive Plan (2013 Plan) was replaced by the 2018 Incentive Plan (2018 Plan). However, outstanding awards under the 2013 Plan remain in effect in accordance with their original terms. The 2018 Plan was amended in 2021 to increase the number of shares of Common Stock available for issuance. The 2018 Plan will terminate on the tenth anniversary of its effective date, after which no awards may be granted. The number of shares reserved for issuance under the 2018 Plan is 3,000,000. In addition, in connection with the BMBC Merger, an additional 261,709 shares were transferred into the 2018 Plan from the Bryn Mawr Incentive Plan and the Bryn Mawr Retainer Plan, which were assumed by the Company. At December 31, 2022, 869,838 shares were available for future grants under the 2018 Plan. Generally, all time-based awards become fully vested and outstanding stock options and stock appreciation rights become exercisable immediately in the event of a change in control, as defined in the plans. During February 2022, the Board of Directors and the Personnel and Compensation Committee (the Committee) approved the Executive Leadership Team Incentive Plan (ELTIP), which provides for new cash and equity awards designed to recognize the rewards and efforts of the Company's executive leadership team for the Company's achievement of certain key measures of short-term success and the value of such success to the Company's longer-term performance. Awards under the ELTIP include short-term incentive (STI) cash bonus awards and long-term incentive (LTI) awards of RSUs and PSUs that will be issued under the Company's 2018 Incentive Plan. LTI awards under the ELTIP will be awarded to the CEO and Executive Vice Presidents that directly report to the Chairman, CEO and President in the form of RSUs that vest in equal annual installments over a three-year service period, and PSUs that vest based on a service condition defined as the achievement of a three-year service period and a performance condition based on the Company's cumulative core ROA performance over a three-year period relative to the KBW Nasdaq Regional Bank Index (the KRX Index) for the same period. Total stock-based compensation expense recognized was $9.0 million ($6.7 million after tax) for 2022, $6.3 million ($4.8 million after tax) for 2021, and $3.1 million ($2.5 million after tax) for 2020. As part of the expense calculation, the Company has elected to recognize forfeitures as they occur. Stock-based compensation expense related to awards granted to Associates is recorded in Salaries, benefits and other compensation ; expense related to awards granted to directors is recorded in Other operating expense in the Company's Consolidated Statements of Income. Stock Options Stock options are granted with an exercise price not less than the fair market value of the Company's common stock on the date of the grant. No stock options were granted during 2022. All stock options granted during 2021 and 2020 vest in 25% per annum increments, start to become exercisable in April of the year following the year of grant, and expire between five The Company determines the grant date fair value of stock options using the Black-Scholes option-pricing model. The model requires the use of numerous assumptions, many of which are subjective. Significant assumptions used to determine 2021 and 2020 grant date fair value included expected term, which was derived from historical exercise patterns and represents the amount of time that stock options granted are expected to be outstanding; volatility, measured using the fluctuation in month end closing stock prices over a period which corresponds with the average expected option life; a weighted-average risk-free rate of return (zero coupon treasury yield); and a dividend yield indicative of the Company's current dividend rate. The assumptions used to determine the grant date fair value for options issued during 2021 and 2020 are presented below: 2021 2020 Expected term (in years) 5.5 5.5 Volatility 23.9 % 25.0 % Weighted-average risk-free interest rate 1.16 % 1.06 % Dividend yield 1.33 % 1.39 % A summary of option activity as of December 31, 2022, and changes during the year the ended December 31, 2022, is presented below: 2022 Shares Weighted- Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (In Thousands) Stock Options: Outstanding at beginning of year 465,424 $ 41.39 4.52 $ 4,243 Less: Exercised (36,397) 26.43 Forfeited (67,312) 40.53 Expired (5,400) 51.84 Outstanding at end of year 356,315 42.92 3.43 1,562 Nonvested at end of year 131,928 44.43 1.84 120 Exercisable at end of year 224,387 42.04 2.79 1,038 The weighted-average fair value of options granted was $10.44 in 2021 and $7.19 in 2020. The aggregate intrinsic value of options exercised was $0.8 million in 2022, $1.9 million in 2021, and $1.8 million in 2020. The following table summarizes the non-vested stock option activity during the year the ended December 31, 2022: 2022 Shares Weighted-Average Exercise Price Weighted-Average Grant Date Fair Value Stock Options: Nonvested at beginning of period 245,462 $ 43.28 $ 9.09 Less: Vested (98,893) 42.98 9.21 Forfeited (14,641) 34.90 7.81 Nonvested at end of period 131,928 44.43 9.15 The total amount of unrecognized compensation cost related to non-vested stock options as of December 31, 2022 was $0.7 million. The weighted-average period over which the expense is expected to be recognized is 1.85 years. During 2022, the Company recognized $0.7 million of compensation expense related to these awards. Restricted Stock Units RSUs are granted at no cost to the recipient and generally vest over a four year period, with the exception of RSUs from the ELTIP which vest over a three year period. All outstanding awards granted to senior executives vest over no less than a three year period. The 2013 and 2018 Plans allow for awards with vesting periods less than four years, subject to Board approval. The fair value of RSUs is equal to the fair value of the common stock on the date of grant. The expense related to RSUs granted to Associates is recognized in Salaries, benefits and other compensation and granted to directors in Other operating expense on an accrual basis over the requisite service period for the entire award. When restricted stock is awarded to individuals from whom the Company may not receive services in the future, the expense is recognized when the award is granted, instead of amortizing the expense over the vesting period of the award. The weighted-average fair value of RSUs granted was $49.24 in 2022, $45.64 in 2021, and $37.52 in 2020. The total amount of compensation cost to be recognized relating to nonvested restricted stock units as of December 31, 2022 was $11.5 million. The weighted-average period over which the cost is expected to be recognized is 2.41 years. During 2022, the Company recognized $7.5 million of compensation cost related to these awards. The following table summarizes the Company’s RSUs and changes during the year: Units (in whole) Weighted Average Grant-Date Fair Value per Unit Balance at December 31, 2021 235,481 $ 41.62 Plus: Granted 263,326 49.24 Less: Vested (107,949) 43.17 Forfeited (33,220) 42.67 Balance at December 31, 2022 357,638 46.70 The total fair value of RSUs that vested was $4.5 million in 2022, $1.9 million in 2021, and $1.9 million in 2020. Performance Stock Units PSUs are granted at no cost to the recipient and vest based on both service and performance conditions. The service condition is defined as the achievement of a three-year service period between January 1, 2022 and December 31, 2024. The service condition can be waived at the discretion of the Committee. The performance condition is based on the Company's cumulative core ROA performance over a three-year period relative to the KRX Index for the same period. The actual number of shares that will vest at the end of the three-year period will be based on the core ROA performance over the three-year period relative to the KRX Index. If such performance is at the 25th percentile, 50th percentile, 75th percentile and 100th percentile, grantees will receive 25%, 50%, 75%, and 100% of their maximum award grant, respectively. The fair value of PSUs is equal to the fair value of the common stock on the date of grant. The expense related to PSUs granted to Associates is recognized in Salaries, benefits and other compensation on an accrual basis over the requisite service period if the performance condition is probable and the service condition is met. The weighted-average fair value of PSUs granted was $49.76 in 2022. The total amount of compensation cost to be recognized relating to nonvested performance stock units (based on current performance estimates) was $2.1 million as of December 31, 2022. The weighted-average period over which the cost is expected to be recognized is 2.00 years. During 2022, the Company recognized $0.9 million of compensation cost related to these awards. The following table summarizes the Company’s PSUs and changes during the year: Units (in whole) Weighted Average Grant-Date Fair Value per Unit Balance at December 31, 2021 — $ — Plus: Granted 102,885 49.76 Less: Forfeited (7,365) 49.76 Balance at December 31, 2022 95,520 49.76 Integration Performance RSU Plan : In February 2019, the Board of Directors approved the Integration Performance RSU Plan (“the Integration Plan”), in which certain senior executives were granted awards based on the achievement of three defined goals measuring the success of the integration of Beneficial and execution of the Company's strategic goals over the five-year period ending 2023. The Plan provided for a three-year performance achievement period beginning in 2021 and ending in 2023. In February 2022, the Integration Plan was terminated. In connection with the termination of the Integration Plan, the portion of the related Integration Performance-Based RSU Awards (the Integration Awards) attributable to core ROA was terminated, the Gallup Q12 performance goal was met, and the Committee exercised its discretion under the Integration Plan to deem the Gallup CE3 performance goal met. Thus, 20% of the restricted stock units subject to the Integration Awards will performance vest and become subject to service-based vesting conditions. Beneficial Acquisition Success Plan: On December 10, 2020, the Board of Directors approved the Beneficial Acquisition Success Plan (the Success Plan), which was designed to recognize and reward the Company’s achievement of certain key measures of near-term success related to Beneficial and the efforts of the Company’s senior leaders and the value of such success to the Company’s longer term performance. The key measures of success related to Beneficial include acquisition economics, one-time acquisition costs, banking location integration and optimization, customer deposit retention, and cost synergies. Awards under the Success Plan were awarded as RSUs vesting in equal annual installments over three years. The Company granted 66,703 RSUs under the Success Plan on December 10, 2020. During 2022, the Company recognized $0.7 million of compensation expense related to these awards. Awards from the Integration Plan and the Success Plan were issued under the Company’s 2018 Incentive Plan.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	18. COMMITMENTS AND CONTINGENCIES Legal Proceedings In the ordinary course of business, the Company is subject to legal actions that involve claims for monetary relief. See Note 25 for additional information. Financial Instruments With Off-Balance Sheet Risk In the ordinary course of business, the Company is a party to financial instruments with off-balance sheet risk, primarily to meet the financing needs of its customers. To varying degrees, these financial instruments involve elements of credit risk that are not recognized in the Consolidated Statements of Financial Condition. Exposure to loss for commitments to extend credit and standby letters of credit written is represented by the contractual amount of those instruments. The Company generally requires collateral to support such financial instruments in excess of the contractual amount of those instruments and use the same credit policies in making commitments as it does for on-balance sheet instruments. The following represents a summary of off-balance sheet financial instruments at year-end: December 31, (Dollars in thousands) 2022 2021 Financial instruments with contract amounts which represent potential credit risk: Construction loan commitments $ 699,748 $ 403,767 Commercial mortgage loan commitments 96,208 91,871 Commercial loan commitments 863,566 1,088,098 Owner-occupied commercial commitments 27,198 74,846 Commercial standby letters of credit 101,888 92,048 Residential loan commitments 4,032 6,815 Consumer loan commitments 1,011,739 731,850 Total $ 2,804,379 $ 2,489,295 At December 31, 2022, the Company had total commitments to extend credit of $2.8 billion. Commitments for consumer lines of credit were $1.0 billion of which, $913.0 million were secured by real estate. Residential loan commitments generally have closing dates within a one month period but can be extended to six months. Not reflected in the table above are commitments to sell residential loans of $15.3 million and $57.9 million at December 31, 2022 and 2021, respectively. Commitments provide for financing on predetermined terms as long as the customer continues to meet specific criteria. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. The Company evaluates each customer’s creditworthiness and obtain collateral based on its credit evaluation of the counterparty. Secondary Market Loan Sales The Company typically sells newly originated residential 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 Consolidated Statements of Financial Condition at their fair value with changes in the value reflected in the Consolidated Statements of Income. Gains and losses are recognized at the time of sale. The Company periodically retains the servicing rights on residential loans sold which results in monthly service fee income. The mortgage servicing rights are included in Intangible assets in the 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 loan sales. These provisions may include either an indemnification from loss or the repurchase of loans. Repurchases and losses have been rare and no provision is made for losses at the time of sale. There were two repurchases for $0.8 million during the year ended December 31, 2022 and no repurchases during the same period in 2021. Unfunded Lending Commitments At December 31, 2022 and December 31, 2021, the allowance for credit losses of unfunded lending commitments was $11.9 million and $7.4 million, respectively. A provision expense for unfunded lending commitments of $0.3 million was recognized during the year ended December 31, 2022, and a provision release for unfunded lending commitments of $0.8 million was recognized during year ended December 31, 2021.

FAIR VALUE DISCLOSURES OF FINAN

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES	19. 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 December 31, 2022 and December 31, 2021 by level in the valuation hierarchy (as described above): December 31, 2022 (Dollars in thousands) Quoted Prices in Active Markets for Identical Asset (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 506,380 $ — $ 506,380 FNMA MBS — 3,250,258 — 3,250,258 FHLMC MBS — 121,999 — 121,999 GNMA MBS — 36,138 — 36,138 GSE agency notes — 178,285 — 178,285 Other assets — 156,912 81 156,993 Total assets measured at fair value on a recurring basis $ — $ 4,249,972 $ 81 $ 4,250,053 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 156,520 $ 17,102 $ 173,622 Assets measured at fair value on a nonrecurring basis: Other investments $ — $ — $ 26,120 $ 26,120 Other real estate owned — — 833 833 Loans held for sale — 42,985 — 42,985 Total assets measured at fair value on a nonrecurring basis $ — $ 42,985 $ 26,953 $ 69,938 December 31, 2021 (Dollars in thousands) Quoted Prices in Active Markets Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 575,766 $ — $ 575,766 FNMA MBS — 4,245,684 — 4,245,684 FHLMC MBS — 145,528 — 145,528 GNMA MBS — 17,936 — 17,936 GSE agency notes — 220,397 — 220,397 Other assets — 5,153 — 5,153 Total assets measured at fair value on a recurring basis $ — $ 5,210,464 $ — $ 5,210,464 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 3,039 $ 20,252 $ 23,291 Assets measured at fair value on a nonrecurring basis: Other investments $ — $ — $ 10,518 $ 10,518 Other real estate owned — — 2,320 2,320 Loans held for sale — 113,349 — 113,349 Total assets measured at fair value on a nonrecurring basis $ — $ 113,349 $ 12,838 $ 126,187 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 without readily determinable fair values and equity method investments, which are categorized as Level 3. 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, derivatives on the residential mortgage held for sale loan pipeline, and risk participation agreements. 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 risk participation agreements are obtained from an independent pricing service. Other liabilities Other liabilities include the fair value of interest rate products, derivatives on the residential mortgage held for sale loan pipeline, foreign exchange forward contracts, risk participation agreements, 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 foreign exchange forward contracts and risk participation agreements are obtained from an independent pricing service. 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 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 Loans and leases are segregated by portfolio segments with similar financial characteristics (see Note 2). The fair values of loans and leases, 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, derivatives on the residential mortgage held for sale loan pipeline, and risk participation agreements (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 $10.4 million and $13.1 million at December 31, 2022 and December 31, 2021, 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, foreign exchange forward contracts, risk participation agreements, 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). Financial instruments measured at fair value using significant unobservable inputs (Level 3) The following table provides a description of the valuation techniques and significant unobservable inputs for the Company's financial instruments classified as Level 3: (Dollars in thousands) December 31, 2022 Financial Instrument Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) Other investments $ 26,120 Observed market comparable transactions Period of observed transactions May 2022 Other real estate owned 833 Fair market value of collateral Costs to sell 10.0% Other assets (Risk participation agreements purchased) 81 Credit Value Adjustment CDS Spread and Loss Given Default (LGD) CDS spread: 110 - 250 bps (205 bps) LGD: –% - 30% (30%) Other liabilities (Risk participation agreements sold) 2 Credit Value Adjustment CDS Spread and Loss Given Default (LGD) CDS spread: 1 - 250 bps (158 bps) LGD: 30% Other liabilities 17,100 Discounted cash flow Timing of Visa litigation resolution 1 - 5.75 years (3.61 years or 4Q 2025) The book value and estimated fair value of the Company's financial instruments are as follows: December 31, Fair Value Measurement 2022 2021 (Dollars in thousands) Book Value Fair Value Book Value Fair Value Financial assets: Cash, cash equivalents and restricted cash Level 1 $ 837,258 $ 837,258 $ 1,532,939 $ 1,532,939 Investment securities, available for sale Level 2 4,093,060 4,093,060 5,205,311 5,205,311 Investment securities, held to maturity, net Level 2 1,111,619 1,040,104 90,642 94,131 Other investments Level 3 26,120 26,120 10,518 10,518 Loans, held for sale Level 2 42,985 42,985 113,349 113,349 Loans and leases, net (1) Level 3 11,759,992 11,567,888 7,791,482 7,723,867 Stock in FHLB of Pittsburgh Level 2 24,116 24,116 6,073 6,073 Accrued interest receivable Level 2 74,448 74,448 41,596 41,596 Other assets Levels 2, 3 156,993 156,993 5,153 5,153 Financial liabilities: Deposits Level 2 $ 16,203,569 $ 16,156,124 $ 13,240,062 $ 13,236,816 Borrowed funds Level 2 726,894 709,014 239,477 225,119 Standby letters of credit Level 3 739 739 674 674 Accrued interest payable Level 2 5,174 5,174 736 736 Other liabilities Levels 2, 3 173,622 173,622 23,291 23,291 (1) Includes reverse mortgage loans. At December 31, 2022 and December 31, 2021 the Company had no commitments to extend credit measured at fair value.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	20. 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 Consolidated Statements of Financial Condition as of December 31, 2022. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 1,794,678 Other assets $ 156,414 Interest rate products 1,794,678 Other liabilities (156,414) Interest rate lock commitments with customers 24,673 Other assets 385 Interest rate lock commitments with customers 1,179 Other liabilities (7) Forward sale commitments 9,072 Other assets 75 Forward sale commitments 20,719 Other liabilities (54) FX forwards 4,177 Other assets 38 FX forwards 3,052 Other liabilities (45) Risk participation agreements sold 68,459 Other liabilities (2) Risk participation agreements purchased 87,168 Other assets 81 Financial derivative related to sales of certain Visa Class B shares 113,177 Other liabilities (17,100) Total derivatives $ 3,921,032 $ (16,629) 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, 2021. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 54,834 Other assets $ 2,625 Interest rate products 54,834 Other liabilities (2,847) Interest rate lock commitments with customers 102,264 Other assets 1,991 Interest rate lock commitments with customers 12,813 Other liabilities (73) Forward sale commitments 63,664 Other assets 537 Forward sale commitments 67,032 Other liabilities (116) Risk participation agreements 4,214 Other liabilities (3) Financial derivative related to sales of certain Visa Class B shares 113,177 Other liabilities (20,252) Total derivatives $ 472,832 $ (18,138) Derivatives designated as hedging instruments: Cash Flow Hedges of Interest Rate Risk 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 $0.1 million will be reclassified as an increase to interest income. During the year ended December 31, 2022, $0.2 million was reclassified into interest income compared to $0.5 million during the same period in 2021. The table below presents the effect of the cash flow hedges on the Consolidated Statements of Income for the year ended December 31, 2020. Amount of Gain Recognized in OCI on Derivative (Effective Portion) Location of Gain Reclassified from Accumulated OCI into Income (Effective Portion) (Dollars in thousands) Year Ended December 31, Derivatives in Cash Flow Hedging Relationships 2020 Interest Rate Products $ 1,560 Interest income Total $ 1,560 Derivatives not designated as hedging instruments: Customer Derivatives – Interest Rate Swaps The Company enters into interest rate swaps with commercial loan customers wishing to manage interest rate risk. The Company then enters into corresponding swap agreements with swap dealer counterparties to economically hedge the exposure arising from these contracts. The interest rate swaps with both the customers and third parties are not designated as hedges under ASC 815, Derivatives and Hedging (ASC 815) and are marked to market through earnings. As the interest rate swaps are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by ASC 820. As of December 31, 2022, there were no fair value adjustments related to credit quality. 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 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 Consolidated Statements of Income for the years ended December 31, 2022, 2021 and 2020. Amount of (Loss) or Gain Recognized in Income Location of (Loss) or Gain Recognized in Income (Dollars in thousands) Year Ended December 31, Derivatives Not Designated as a Hedging Instrument 2022 2021 2020 Interest Rate Lock Commitments $ (2,072) $ (6,218) $ 6,490 Mortgage banking activities, net Forward Sale Commitments 4,863 3,263 (12,226) Mortgage banking activities, net Total $ 2,791 $ (2,955) $ (5,736) Foreign Exchange Forward Contracts The Company enters into foreign exchange forward contracts (FX forwards) with customers to exchange one currency for another on an agreed date in the future at an agreed exchange rate. The Corporation then enters into corresponding FX forwards with swap dealer counterparties to economically hedge its exposure on the exchange rate component of the customer agreements. The FX forwards with both the customers and third parties are not designated as hedges under ASC 815 and are marked to market through earnings. Exposure to gains and losses on these contracts increase or decrease over their respective lives as currency exchange and interest rates fluctuate. As the FX forwards are structured to offset each other, changes to the underlying term structure of currency exchange rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by ASC 820. As of December 31, 2022, there were no fair value adjustments related to credit quality. Risk Participation Agreements The Company may enter into a risk participation agreement (RPA) with another institution as a means to assume a portion of the credit risk associated with a loan structure which includes a derivative instrument, in exchange for fee income commensurate with the risk assumed. This type of derivative is referred to as an “RPA sold.” In addition, in an effort to reduce the credit risk associated with an interest rate swap agreement with a borrower for whom the Corporation has provided a loan structured with a derivative, the Corporation may purchase an RPA from an institution participating in the facility in exchange for a fee commensurate with the risk shared. This type of derivative is referred to as an “RPA purchased.” The following are not included in the tables in Fair Values of Derivative Instruments : Swap Guarantees The Company entered into an agreement with one unrelated financial institution whereby that financial institution 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 December 31, 2022 and December 31, 2021, there were 209 and 261 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 $0.8 billion and $1.1 billion at December 31, 2022 and December 31, 2021, respectively. At December 31, 2022, the swap transactions remaining maturities ranged from under 1 year to 13 years. At December 31, 2022, none of these customer swaps were in a paying position to third parties, with our swap guarantees having a fair value of $10.4 million. At December 31, 2021, 193 of these customer swaps were in a paying position to third parties for $35.8 million, with the Company's swap guarantees having a fair value of $13.1 million. However, for both periods, none of the Company's customers were in default of the swap agreements. 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 also has agreements with certain derivative counterparties that contain a provision where if it fails to maintain its status as a well-capitalized or adequately capitalized institution, then the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreements. The Company has minimum collateral posting thresholds with certain of its derivative counterparties, and has posted collateral of $4.7 million in cash against its obligations under these agreements. If the Company had breached any of these provisions at December 31, 2022, it could have been required to settle its obligations under the agreements at the termination value.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	21. 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. 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. There was no related party loan exceeding $0.5 million originated during the year ended December 31, 2022 as compared to one related party loans exceeding $0.5 million originated and sold during the year ended December 31, 2021.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	22. 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 Consolidated Financial Statements. Based on these criteria, the Company has identified three segments: WSFS Bank, Cash Connect ® , and Wealth Management. The WSFS Bank segment provides financial products to commercial and consumer customers. Consumer and Commercial Banking, Commercial Real Estate Lending and other banking business units are operating departments of WSFS Bank. These departments share the same regulators, the same market, many of the same customers and provide similar products and services through the general infrastructure of the Bank. Accordingly, these departments are not considered discrete segments and are appropriately aggregated in the WSFS Bank segment. The Company's Cash Connect ® segment provides ATM vault cash, smart safe and other cash logistics services through strategic partnerships with several of the largest networks, manufacturers and service providers in the ATM industry. Cash Connect ® services non-bank and WSFS-branded ATMs and smart safes nationwide. The balance sheet category Cash in non-owned ATMs includes cash from which fee income is earned through bailment arrangements with customers of Cash Connect ® . The Wealth Management segment provides a broad array of planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate, and institutional clients through multiple integrated businesses. Bryn Mawr Trust ® is our predominant Private Wealth Management brand, providing advisory, investment management and trustee services to institutions, affluent and high-net-worth individuals. The Bryn Mawr Trust Company of Delaware, formed by the merger of BMT-DE and Christiana Trust DE on April 1, 2022, provides personal trust and fiduciary services to families and individuals across the U.S. and internationally. WSFS Institutional Services ® provides trustee, agency, bankruptcy administration, custodial and commercial domicile services to institutional, corporate clients and special purpose vehicles. Private Wealth Management serves high-net-worth clients and institutions by providing trustee and advisory services, financial planning, customized investment strategies, brokerage products such as annuities and traditional banking services such as credit and deposit products tailored to its clientele. Private Wealth Management includes businesses that operate under the bank’s charter, through a broker/dealer and as a registered investment advisor (RIA). It generates revenue through fee-only arrangements, net interest income and other fee-only services such as estate administration, trust tax planning and custody. Powdermill® is a multi-family office specializing in providing independent solutions to high-net-worth individuals, families and corporate executives through a coordinated, centralized approach. BMTIA was a full-service insurance agency, through which the Bank offered insurance and related products and services to its customer base. This included casualty, property and allied insurance lines, as well as life insurance, annuities, medical insurance and accident and health insurance for groups and individuals. The BMTIA business was sold to Patriot Growth Insurance Services, LLC in June 2022. The following tables show segment results for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Management Total Statements of Income External customer revenues: Interest income $ 690,780 $ — $ 13,035 $ 703,815 Noninterest income 79,800 55,519 124,815 260,134 Total external customer revenues 770,580 55,519 137,850 963,949 Inter-segment revenues: Interest income 14,348 1,536 46,539 62,423 Noninterest income 27,534 1,610 654 29,798 Total inter-segment revenues 41,882 3,146 47,193 92,221 Total revenue 812,462 58,665 185,043 1,056,170 External customer expenses: Interest expense 37,393 — 3,532 40,925 Noninterest expenses 465,999 36,777 71,550 574,326 Provision for credit losses 47,921 — 168 48,089 Total external customer expenses 551,313 36,777 75,250 663,340 Inter-segment expenses Interest expense 48,075 9,831 4,517 62,423 Noninterest expenses 2,264 4,720 22,814 29,798 Total inter-segment expenses 50,339 14,551 27,331 92,221 Total expenses 601,652 51,328 102,581 755,561 Income before taxes $ 210,810 $ 7,337 $ 82,462 $ 300,609 Income tax provision 77,961 Consolidated net income $ 222,648 Net income attributable to noncontrolling interest 273 Net income attributable to WSFS $ 222,375 Supplemental Information Capital expenditures for the period ended $ 8,793 $ 16 $ — $ 8,809 Year Ended December 31, 2021 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Management Total Statements of Income External customer revenues: Interest income $ 447,542 $ — $ 8,827 $ 456,369 Noninterest income 79,310 42,818 63,352 185,480 Total external customer revenues 526,852 42,818 72,179 641,849 Inter-segment revenues: Interest income 3,460 1,088 12,002 16,550 Noninterest income 15,988 1,240 1,354 18,582 Total inter-segment revenues 19,448 2,328 13,356 35,132 Total revenue 546,300 45,146 85,535 676,981 External customer expenses: Interest expense 22,058 — 662 22,720 Noninterest expenses 328,277 29,465 20,774 378,516 Recovery of credit losses (113,715) — (3,372) (117,087) Total external customer expenses 236,620 29,465 18,064 284,149 Inter-segment expenses Interest expense 13,090 856 2,604 16,550 Noninterest expenses 2,594 4,636 11,352 18,582 Total inter-segment expenses 15,684 5,492 13,956 35,132 Total expenses 252,304 34,957 32,020 319,281 Income before taxes $ 293,996 $ 10,189 $ 53,515 $ 357,700 Income tax provision 86,095 Consolidated net income $ 271,605 Net income attributable to noncontrolling interest 163 Net income attributable to WSFS $ 271,442 Supplemental Information Capital expenditures for the period ended $ 6,344 $ 232 $ — $ 6,576 Year Ended December 31, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Management Total Statements of Income External customer revenues: Interest income $ 505,258 $ — $ 9,147 $ 514,405 Noninterest income 110,585 40,899 49,541 201,025 Total external customer revenues 615,843 40,899 58,688 715,430 Inter-segment revenues: Interest income 4,930 851 10,747 16,528 Noninterest income 13,038 835 1,832 15,705 Total inter-segment revenues 17,968 1,686 12,579 32,233 Total revenue 633,811 42,585 71,267 747,663 External customer expenses: Interest expense 46,428 — 2,022 48,450 Noninterest expenses 310,799 28,421 29,624 368,844 Provision for credit losses 149,453 — 3,727 153,180 Total external customer expenses 506,680 28,421 35,373 570,474 Inter-segment expenses Interest expense 11,598 1,580 3,350 16,528 Noninterest expenses 2,667 3,340 9,698 15,705 Total inter-segment expenses 14,265 4,920 13,048 32,233 Total expenses 520,945 33,341 48,421 602,707 Income before taxes $ 112,866 $ 9,244 $ 22,846 $ 144,956 Income tax provision 31,636 Consolidated net income $ 113,320 Net loss attributable to noncontrolling interest (1,454) Net income attributable to WSFS $ 114,774 Supplemental Information Capital expenditures for the period ended $ 6,499 $ 420 $ 240 $ 7,159 The following table shows significant components of segment net assets as of December 31, 2022 and 2021: December 31, 2022 2021 (Dollars in thousands) WSFS Cash Connect ® Wealth Total WSFS Cash Connect ® Wealth Total Cash and cash equivalents $ 317,022 $ 476,850 $ 43,386 $ 837,258 $ 1,039,046 $ 477,806 $ 16,087 $ 1,532,939 Goodwill 753,586 — 130,051 883,637 452,629 — 20,199 472,828 Other segment assets 17,824,946 10,429 358,485 18,193,860 13,481,370 6,785 283,405 13,771,560 Total segment assets $ 18,895,554 $ 487,279 $ 531,922 $ 19,914,755 $ 14,973,045 $ 484,591 $ 319,691 $ 15,777,327

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY FINANCIAL INFORMATION	23. PARENT COMPANY FINANCIAL INFORMATION Condensed Statements of Income Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Income: Interest income $ 374 $ 357 $ 356 Realized loss on sale of equity investment — (706) — Unrealized gains (losses) on equity investments, net 5,379 5,389 (1,617) Other noninterest income 251,382 4,759 208,762 257,135 9,799 207,501 Expense: Interest expense 11,763 7,771 6,748 Other operating expense 11,489 7,508 2,553 23,252 15,279 9,301 Income (loss) before equity in undistributed income of subsidiaries 233,883 (5,480) 198,200 Equity in undistributed (loss) income of subsidiaries (12,672) 276,208 (84,346) Income before taxes 221,211 270,728 113,854 Income tax benefit (1,164) (714) (920) Net income attributable to WSFS $ 222,375 $ 271,442 $ 114,774 Condensed Statements of Financial Condition December 31, (Dollars in thousands) 2022 2021 Assets: Cash and cash equivalents $ 205,841 $ 103,708 Investment in subsidiaries 2,320,474 2,045,080 Investment in Trusts (1) 2,785 2,011 Other assets 16,944 4,514 Total assets $ 2,546,044 $ 2,155,313 Liabilities: Trust preferred borrowings $ 90,442 $ 67,011 Senior and subordinated debt 248,169 147,939 Accrued interest payable 1,168 298 Other liabilities 1,152 966 Total liabilities 340,931 216,214 Stockholders’ equity: Common stock 759 577 Capital in excess of par value 1,974,210 1,058,997 Accumulated other comprehensive loss (675,844) (37,768) Retained earnings 1,411,243 1,224,614 Treasury stock (505,255) (307,321) Total stockholders’ equity of WSFS 2,205,113 1,939,099 Total liabilities and stockholders’ equity of WSFS $ 2,546,044 $ 2,155,313 (1) Includes WSFS Capital Trust III, Royal Bancshares Capital Trust I, and Royal Bancshares Capital Trust II. Condensed Statements of Cash Flows Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Operating activities: Net income attributable to WSFS $ 222,375 $ 271,442 $ 114,774 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Equity in undistributed loss (income) of subsidiaries 12,672 (276,208) 84,346 Realized loss on sale of equity investments — 706 — Unrealized (gains) losses on equity investments (5,379) (5,389) 1,617 Decrease (increase) in other assets 2,569 10,910 (4,537) Increase (decrease) in other liabilities 812 (6,690) 7,684 Net cash provided by (used for) operating activities $ 233,049 $ (5,229) $ 203,884 Investing activities: Net cash for business combinations $ 101,734 $ — $ — Net cash provided by investing activities $ 101,734 $ — $ — Financing activities: Issuance of common stock and exercise of common stock options $ 3,179 $ 1,522 $ 2,032 Issuance of senior debt — — 147,780 Redemption of senior debt — (100,000) — Purchase of treasury stock (200,083) (13,268) (155,832) Dividends paid (35,746) (24,242) (24,369) Net cash used for financing activities $ (232,650) $ (135,988) $ (30,389) Increase (decrease) in cash and cash equivalents $ 102,133 $ (141,217) $ 173,495 Cash and cash equivalents at beginning of period 103,708 244,925 71,430 Cash and cash equivalents at end of period $ 205,841 $ 103,708 $ 244,925

CHANGE IN ACCUMULATED OTHER COM

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	24. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) 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 (loss) are presented net of tax as a component of stockholders' equity. Amounts that are reclassified out of accumulated other comprehensive income (loss) are recorded on the Consolidated Statement of Income either as a gain or loss. Changes to accumulated other comprehensive income (loss) by component are shown net of taxes in the following tables for the period indicated: (Dollars in thousands) Net change in investment securities available for sale Net change in investment securities held to maturity Net change in defined benefit plan Net change in fair value of derivatives used for cash flow hedges (1) Net change in Total Balance, December 31, 2019 $ 26,927 $ 468 $ (3,317) $ (577) $ — $ 23,501 Other comprehensive income (loss) before reclassifications 39,853 — (1,445) 1,560 (9) 39,959 Less: Amounts reclassified from accumulated other comprehensive (loss) income (6,898) (192) (26) (337) — (7,453) Net current-period other comprehensive income (loss) 32,955 (192) (1,471) 1,223 (9) 32,506 Balance, December 31, 2020 $ 59,882 $ 276 $ (4,788) $ 646 (9) $ 56,007 Other comprehensive (loss) income before reclassifications (93,503) — 162 — 362 (92,979) Less: Amounts reclassified from accumulated other comprehensive (loss) income (252) (101) (65) (378) — (796) Net current-period other comprehensive (loss) income (93,755) (101) 97 (378) 362 (93,775) Balance, December 31, 2021 $ (33,873) $ 175 $ (4,691) $ 268 $ 353 $ (37,768) Other comprehensive (loss) income before reclassifications (2) (529,660) (119,769) 318 — 213 (648,898) Less: Amounts reclassified from accumulated other comprehensive income (loss) — 11,091 (109) (160) — 10,822 Net current-period other comprehensive (loss) income (529,660) (108,678) 209 (160) 213 (638,076) Balance, December 31, 2022 $ (563,533) $ (108,503) $ (4,482) $ 108 $ 566 $ (675,844) (1) Cash flow hedges were terminated as of April 1, 2020. (2) Includes $119.8 million, net of tax, of unrealized losses on transferred investment securities from available-for-sale to held-to-maturity. Components of other comprehensive income (loss) that impact the Consolidated Statements of Income are presented in the table below. Twelve Months Ended December 31, Affected line item in Consolidated Statements of Income (Dollars in thousands) 2022 2021 2020 Securities available-for-sale: Realized gains on securities transactions $ — $ (331) $ (9,076) Securities gains, net Income taxes — 79 2,178 Income tax provision Net of tax $ — $ (252) $ (6,898) 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 $ 14,593 $ (133) $ (251) Interest and dividends on investment securities Income taxes (3,502) 32 59 Income tax provision Net of tax $ 11,091 $ (101) $ (192) Amortization of defined benefit pension plan-related items: Prior service (credits) costs $ (76) $ (85) $ (266) Actuarial gains (68) — (47) Total before tax $ (144) $ (85) $ (313) Salaries, benefits and other compensation Income taxes 35 20 75 Income tax provision Net of tax $ (109) $ (65) $ (238) 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 $ (211) $ (497) $ (444) Interest and fees on loans and leases Income taxes 51 119 107 Income tax provision Net of tax $ (160) $ (378) $ (337) Total reclassifications $ 10,822 $ (796) $ (7,453)

LEGAL AND OTHER PROCEEDINGS

LEGAL AND OTHER PROCEEDINGS	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
LEGAL AND OTHER PROCEEDINGS	25. 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. 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	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	26. 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: Extinguishment of Debt On February 15, 2023, the Company completed the redemption of the $30.0 million of fixed-to-floating rate subordinated notes due 2025 (the 2025 Notes) acquired from Bryn Mawr Trust. The 2025 Notes were redeemed at a price of 100%, plus accrued and unpaid interest through the date of redemption.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the U.S. (GAAP). In preparing the Consolidated Financial Statements, the Company is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Although the Company's estimates contemplate current conditions and how it expects them to change in the future, it is reasonably possible that actual conditions in 2023 could be worse than anticipated in those estimates, which could materially affect its results of operations and financial condition. The accounting for 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 are subject to significant estimates. 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, changes in the fair value of financial instruments, as well as increased post-retirement benefits and income tax expense. Certain reclassifications have been made to the prior year’s Consolidated Financial Statements to conform to the current year’s presentation. All significant intercompany accounts and transactions were eliminated in consolidation.
Cash and Cash Equivalents	Cash, Cash Equivalents and Restricted Cash For purposes of reporting cash flows, cash, cash equivalents and restricted cash include cash, cash in non-owned ATMs, amounts due from banks, federal funds sold and securities purchased under agreements to resell and cash collateral held for a financial derivative related to the sale of certain Visa Class B shares.
Debt and Equity Securities	Debt Securities Debt securities mostly include mortgage-backed securities (MBS), municipal bonds, and U.S. government and agency securities and are classified into one of the following three categories and accounted for as follows: • Securities purchased with the intent of selling them in the near future are classified as “trading” and reported at fair value, with unrealized gains and losses included in earnings. • Securities purchased with the positive intent and ability to hold to maturity are classified as “held to maturity” and reported at amortized cost. • Securities not classified as either trading or held to maturity are classified as “available-for-sale” and reported at fair value, with unrealized gains and losses excluded from earnings and reported, net of tax, as a separate component of stockholders’ equity in accumulated other comprehensive income (loss). Realized gains and losses are determined using the specific identification method and included in Security gains, net on the Consolidated Statements of Income. All sales are made without recourse. The fair value of debt securities is primarily obtained from third-party pricing services. Implicit in the valuation of MBS are estimated prepayments based on historical and current market conditions. Premiums and discounts on MBS collateralized by residential 1-4 family loans are recognized in interest income using a level yield method over the period to expected maturity. Premiums and discounts on all other securities are recognized on a straight-line basis over the period to expected maturity, with the exception of premiums on callable debt securities, which are recognized over the period to the earliest call date. A debt security is placed on nonaccrual status at the time any principal or interest payments are contractually past due 90 days or more. Interest accrued but not received for a security placed on nonaccrual status is reversed against interest income. The Company's investment portfolio is reviewed each quarter for indications of potential credit losses. Refer to the respective held-to-maturity and available-for-sale debt securities sections for the allowance for credit loss policies for each portfolio. Allowance for Credit Losses - Held-to-Maturity Debt Securities The Company follows Accounting Standards Codification (ASC) 326-20, Financial Instruments - Credit Loss - Measured at Amortized Cost, to measure expected credit losses on held-to-maturity debt securities on a collective basis by security investment grade. The estimate of expected credit losses considers historical credit loss information adjusted by a security's credit rating. The Company classifies the held-to-maturity debt securities into the following major security types: state and political subdivisions, and foreign bonds. These securities are highly rated with a history of no credit losses, and are assigned ratings based on the most recent data from ratings agencies depending on the availability of data for the security. Credit ratings of held-to-maturity debt securities, which are a significant input in calculating the expected credit loss, are reviewed on a quarterly basis. Accrued interest receivable on held-to-maturity debt securities is excluded from the estimate of credit losses and is included in Accrued interest receivable on the Consolidated Statements of Financial Condition. Allowance for Credit Losses - Available-for-Sale Debt Securities The Company follows ASC 326-30, Financial Instruments - Credit Loss - Available-for-Sale Debt Securities, which provides guidance related to the recognition of and expanded disclosure requirements for expected credit losses on available-for-sale debt securities. For available-for-sale debt securities in an unrealized loss position, the Company first evaluates whether it intends to sell, or if it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either criterion is met, the security's amortized cost basis is reduced to fair value and recognized as a reduction to Noninterest income in the Consolidated Statements of Income. For debt securities available-for-sale in which the Company does not intend to sell, or it is not likely the security would be required to be sold before recovery, it evaluates whether a decline in fair value has resulted from credit losses or other adverse factors, such as a change in the security's credit rating. In assessing whether a credit loss exists, the Company compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance is recorded, limited to the fair value of the security. The Company performs these analyses on a quarterly basis to review the conditions and risks associated with the individual securities. Credit losses on an impaired security is measured using the present value of expected future cash flows. Any impairment not recorded through an allowance for credit loss is included in other comprehensive income (loss), net of the tax effect. The Company is required to use its judgment in determining impairment in certain circumstances. For additional detail regarding debt securities, see Note 6. Equity Investments The Company has equity investments in certain strategic partnerships that are accounted for in accordance with both ASC 321-10, Investments - Equity Securities and ASC 323-10, Investments - Equity Method and Joint Ventures . Our equity investments are recorded in Other investments on the Consolidated Statements of Financial Condition. Equity investments recorded in accordance with ASC 321-10 are classified into one of the following two categories and accounted for as follows: • Investments with a readily determinable fair value are reported at fair value, with unrealized gains and losses included in earnings. Any dividends received are recorded in interest income. • Investments without a readily determinable fair value are reported at cost less impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Any dividends received are recorded in interest income. The fair value of equity investments with readily determinable fair values is primarily obtained from third-party pricing services. For equity investments without readily determinable fair values, when an orderly transaction for the identical or similar investment of the same issuer is identified, the Company uses valuation techniques permitted under ASC 820, Fair Value Measurement, to evaluate the observed transaction(s) and adjust the carrying value. ASC 321-10 also provides impairment accounting guidance for equity investments without readily determinable fair values. The qualitative assessment to determine whether impairment exists requires the use of the Company's judgment. If, after completing the qualitative assessment, the Company concludes an equity investment without a readily determinable fair value is impaired, a loss for the difference between the equity investment’s carrying value and its fair value may be recognized as a reduction to noninterest income in the Consolidated Statements of Income. Equity investments recorded in accordance with ASC 323-10 are initially recorded at cost based on the Company’s percentage ownership in the investee. Subsequently, the carrying amount of the investment is adjusted to reflect the recognition of the Company’s proportionate share of income or loss of the investee based on the investee’s earnings for the reporting period, recorded on a one-quarter lag. The Company assesses its equity method investments for impairment using ASC 323-10 guidance. The qualitative assessment to determine whether impairment exists requires the use of the Company’s judgment. If, after completing the qualitative assessment, the Company concludes an equity method investment is impaired, a loss for the difference between the equity investment’s carrying value and its fair value may be recognized in Unrealized gains on equity investments, net on the Consolidated Statements of Income. After an impairment charge is recorded, the new cost basis cannot be subsequently written up to a higher value as a result of increases in fair value. For additional detail regarding equity securities, see Note 6.
Loans and Leases	Loans and leases Loans and leases held for investment are recorded at amortized cost, net of allowance for credit losses. Amortized cost is the amount at which a financial asset is originated or acquired, adjusted for the amortization of premium and discount, net deferred fees or costs, collection of cash, and write-offs. Interest income on loans is recognized using the level yield method. Loan origination fees, commitment fees and direct loan origination costs are deferred and recognized over the life of the related loans using a level yield method over the period to maturity. Past Due and Nonaccrual Loans Past due loans are defined as loans contractually past due 90 days or more as to principal or interest payments. Past due loans 90 days or more that remain in accrual status are considered well secured and in the process of collection. Nonaccruing loans are those on which the accrual of interest has ceased. Loans are placed on nonaccrual status immediately if, in the opinion of the Company, collection is doubtful, or when principal or interest is past due 90 days or more and the loan is not well secured and in the process of collection. Interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed and charged against interest income. In addition, the amortization of net deferred loan fees is suspended when a loan is placed on nonaccrual status. Subsequent cash receipts are applied either to the outstanding principal balance or recorded as interest income, depending on the Company’s assessment of the ultimate collectability of principal and interest. Loans are returned to accrual status when the Company assesses that the borrower has the ability to make all principal and interest payments in accordance with the terms of the loan (i.e. a consistent repayment record, generally six consecutive payments, has been demonstrated). Unless loans are well-secured and collection is imminent, for loans greater than 90 days past due their respective reserves are generally charged off once the loss has been confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged off and expected to be charged off. A loan, for which the terms have been modified resulting in a concession to the borrower experiencing financial difficulty, is considered a TDR. 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 demonstrated, as noted above, and repayment is reasonably assured. For additional detail regarding past due and nonaccrual loans, see Note 8. Allowance for Credit Losses - Loans and Leases The Company establishes its allowance in accordance with guidance provided in ASC 326, Financial Instruments - Credit Losses . The allowance for credit losses includes quantitative and qualitative factors that comprise the Company's current estimate of expected credit losses, including the Company's portfolio mix and segmentation, modeling methodology, historical loss experience, relevant available information from internal and external sources relating to qualitative adjustment factors, prepayment speeds and reasonable and supportable forecasts about future economic conditions. The Company's portfolio segments, established based on similar risk characteristics and loss behaviors, are: • Commercial and industrial - real estate secured, commercial and industrial - non-real estate secured, owner-occupied commercial, commercial mortgages, construction and commercial small business leases (collectively, commercial loans), and • Residential, equity secured lines and loans, installment loans, unsecured lines of credit, originated education loans and previously acquired education loans (collectively, retail loans). Expected credit losses are net of expected recoveries and estimated over the contractual term, adjusted for expected prepayments. The contractual term excludes any extensions, renewals and modifications unless the Company has reasonable expectations at the reporting date that it will result in a troubled debt restructuring (TDR) or they are not unconditionally cancellable. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Expected prepayments are based on historical experience and considers adjustments for current and future economic conditions. The allowance includes two primary components: (i) an allowance established on loans which share similar risk characteristics collectively evaluated for credit losses (collective basis) and (ii) an allowance established on loans which do not share similar risk characteristics with any loan segment and are individually evaluated for credit losses (individual basis). Loans that share similar risk characteristics are collectively reviewed for credit loss and are evaluated based on historical loss experience, adjusted for current economic conditions and future economic forecasts. Estimated losses are determined differently for commercial and retail loans, and each portfolio segment is further segmented by internally assessed risk ratings. The Company uses a single scenario third-party economic forecast to adjust the calculated historical loss rates of the portfolio segments to incorporate the effects of current and future economic conditions. The Company's economic forecast considers the general health of the economy, the interest rate environment, real estate pricing and market risk. The Company's forecast extends out 6 quarters (the forecast period) and reverts to the historical loss rates on a straight-line basis over 4 quarters (the reversion period) as it believes this to be reasonable and supportable in the current environment. The economic forecast and reversion periods will be evaluated periodically by the Company and updated as appropriate. The historical loss rates for commercial loans are estimated by determining the probability of default (PD) and expected loss given default (LGD) and are applied to the loans' exposure at default. The probability of default is calculated based on the historical rate of migration to an event of credit loss during the look-back period. The historical loss rates for retail loans is calculated based on average net loss rates over the same look-back period. The current look-back period is 48 quarters which ensures historical loss rates are adequately considering losses within a full credit cycle. Loans that do not share similar risk characteristics with any loan segments are evaluated on an individual basis. These loans, which may include TDRs, are not included in the collective basis evaluation. When it is probable the Company will not collect all principal and interest due according to their contractual terms, which is assessed based on the credit characteristics of the loan and/or payment status, these loans are individually reviewed and measured for potential credit loss. The amount of the potential credit loss is measured using any of the following three methods: (i) the present value of expected future cash flows discounted at the loan’s effective interest rate; (ii) the fair value of collateral, if the loan is collateral dependent; or (iii) the loan’s observable market price. If the measured fair value of the loan is less than the amortized cost basis of the loan, an allowance for credit loss is recorded. For collateral dependent loans, the expected credit losses at the individual asset level is the difference between the collateral's fair value (less cost to sell) and the amortized cost. Qualitative adjustment factors consider various internal and external conditions which are allocated among loan segments and take into consideration: • Current underwriting policies, staff and portfolio concentrations, • Risk rating accuracy, credit and administration, • Internal risk emergence (including internal trends of delinquency, and criticized loans by segment), • Economic forecasts and conditions - locally and nationally (including market trends impacting collateral values), which is separate from or in addition to the third party economic forecast described above, and • Competitive environment, as it could impact loan structure and underwriting. These factors are based on their relative standing compared to the period in which historical losses are used in quantitative reserve estimates and current directional trends, and reasonable and supportable forecasts. Qualitative factors can add to or subtract from quantitative reserves. The Company's loan officers and risk managers meet at least quarterly to discuss and review the conditions and risks associated with individual problem loans. In addition, various regulatory agencies periodically review the Company's loan ratings and allowance for credit losses and the Bank's internal loan review department performs recurring loan reviews. Accrued interest receivable on loans is excluded from the estimate of credit losses and is included in Accrued interest receivable on the Consolidated Statements of Financial Condition. For additional detail regarding the allowance for credit losses and the provision for credit losses, see Note 8. Unfunded Lending Commitments For unfunded lending commitments, the Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The estimate includes consideration of the probability of default and utilization rate at default to calculate expected credit losses on commitments expected to be funded based on historical losses. The allowance for credit losses for off-balance sheet exposures is included in Other liabilities on the Consolidated Statements of Financial Condition and the provision for credit losses for off-balance sheet exposure is included in Loan workout and other credit costs on the Consolidated Statements of Income. For additional detail regarding unfunded lending commitments, see Note 18. Loans Held for Sale Mortgage loans held for sale are recorded at fair value on a loan level basis, using pricing information obtained from secondary markets and brokers and applied to loans with similar interest rates and maturities. Other loans held for sale are carried at the lower of amortized cost or estimated fair value. The estimated fair value is based on pricing information from secondary markets and brokers, when available, or a discounted cash flow analysis when market information is unavailable.
Other Real Estate Owned	Other Real Estate Owned Upon initial receipt, other real estate owned (OREO) is recorded at the estimated fair value less costs to sell. Costs subsequently incurred to improve the assets are capitalized, provided that the resultant carrying value does not exceed the estimated fair value less costs to sell. Costs related to holding or disposing of the assets are charged to expense as incurred. The Company periodically evaluates OREO for impairment and write-down the value of the asset when declines in fair value below the carrying value are identified. Loan workout and OREO expenses
Premises, Equipment and Software	Premises, Equipment and Software Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization expense are computed on a straight-line basis over the estimated useful lives of the assets or, for leasehold improvements, over the terms of the related lease or effective useful lives of the assets, whichever is less. In general, computer equipment, furniture and equipment and building renovations are depreciated over three five Other assets and is amortized on a straight-line basis over the lesser of the contract term or estimated useful life of the software. Maintenance and repairs are expensed as incurred, while costs of major replacements, improvements and additions are capitalized. Premises and equipment acquired in business combinations are initially recorded at fair value and subsequently carried at cost less accumulated depreciation and amortization. Assets to be disposed of are recorded at the lower of the carrying amount or fair value less costs to sell.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company accounts for goodwill and intangible assets in accordance with ASC 805, Business Combinations and ASC 350, Intangibles-Goodwill and Other . Accounting for goodwill and other intangible assets requires the Company to make significant judgments, for goodwill particularly, with respect to estimating the fair value of each reporting unit. The estimates utilize historical data, cash flows, and market and industry data specific to each reporting unit as well as projected data. Industry and market data are used to develop material assumptions such as transaction multiples, required rates of return, control premiums, long-term growth rates, and capitalization.
Leases	Leases The Company accounts for its leases in accordance with ASC 842 - Leases . Most leases are recognized on the balance sheet by recording a right-of-use asset and lease liability for each lease. The right-of-use asset represents the right to use the asset under lease for the lease term, and the lease liability represents the contractual obligation to make lease payments. The right-of-use asset is tested for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. As a lessee, the Company enters into operating leases for certain bank branches, office space, and office equipment. The right-of-use assets and lease liabilities are initially recognized based on the net present value of the remaining lease payments which include renewal options where the Company is reasonably certain they will be exercised. The net present value is determined using the incremental collateralized borrowing rate at commencement date. The right-of-use asset is measured at the amount of the lease liability adjusted for any prepaid rent, lease incentives and initial direct costs incurred. The right-of-use asset and lease liability is amortized over the individual lease terms. Lease expense for lease payments is recognized on a straight-line basis over the lease term. As a lessor, the Company provides direct financing to customers through the Company's equipment and small-business leasing business. Direct financing leases are recorded at the aggregate of minimum lease payments net of unamortized deferred lease origination fees and costs and unearned income. Interest income on direct financing leases is recognized over the term of the lease. Origination fees and costs are deferred, and the net amount is amortized to interest income over the estimated life of the lease. For additional information regarding leases, see Note 10.
Leases	Leases The Company accounts for its leases in accordance with ASC 842 - Leases . Most leases are recognized on the balance sheet by recording a right-of-use asset and lease liability for each lease. The right-of-use asset represents the right to use the asset under lease for the lease term, and the lease liability represents the contractual obligation to make lease payments. The right-of-use asset is tested for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. As a lessee, the Company enters into operating leases for certain bank branches, office space, and office equipment. The right-of-use assets and lease liabilities are initially recognized based on the net present value of the remaining lease payments which include renewal options where the Company is reasonably certain they will be exercised. The net present value is determined using the incremental collateralized borrowing rate at commencement date. The right-of-use asset is measured at the amount of the lease liability adjusted for any prepaid rent, lease incentives and initial direct costs incurred. The right-of-use asset and lease liability is amortized over the individual lease terms. Lease expense for lease payments is recognized on a straight-line basis over the lease term. As a lessor, the Company provides direct financing to customers through the Company's equipment and small-business leasing business. Direct financing leases are recorded at the aggregate of minimum lease payments net of unamortized deferred lease origination fees and costs and unearned income. Interest income on direct financing leases is recognized over the term of the lease. Origination fees and costs are deferred, and the net amount is amortized to interest income over the estimated life of the lease. For additional information regarding leases, see Note 10.
Derivatives Financial Instruments	Derivative Financial Instruments The Company accounts for derivatives in accordance with ASC 815, Derivatives and Hedging
Income Taxes	Income Taxes The provision for income taxes includes federal, state and local income taxes currently payable and those deferred due to temporary differences between the financial statement basis and tax basis of assets and liabilities. Income taxes are accounted for in accordance with ASC 740, Income Taxes . ASC 740 requires the recording of deferred income taxes that reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. It prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. Benefits from tax positions are recognized in the financial statements only when it is more-likely-than-not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information.
Securities Sold Under Agreements to Repurchase	Securities Sold Under Agreements to RepurchaseThe Company enters into sales of securities under agreements to repurchase which are treated as financings, with the obligation to repurchase securities sold reflected as a liability in the Consolidated Statements of Financial Condition. The securities underlying the agreements are assets.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation is accounted for in accordance with ASC 718, Stock Compensation
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS The following accounting pronouncements were adopted by the Company during the year ended December 31, 2022, but do not have a material impact on the Consolidated Financial Statements: ASU No. 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments: In July 2021, the FASB issued ASU 2021-0 5 to amend ASC 842 to clarify the classification of certain leases with variable lease payments for lessors. ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848: In December 2022, the FASB issued ASU No. 2022-06 which extended the period of time to ease the reference rate reform transition period to through December 31, 2024. This pronouncement supersedes the original transition period end date as referenced in ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . Accounting Guidance Pending Adoption as of December 31, 2022 ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures: In March 2022, the FASB issued ASU No. 2022-02 , Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the consideration transferred and the fair values of identifiable assets acquired and liabilities assumed and is considered final: (Dollars in thousands) Consideration Transferred: Fair Value Common shares issued (18,116,848) $ 908,016 Cash paid to BMBC stock and option holders 16 Value of consideration 908,032 Assets acquired: Cash and due from banks 573,761 Investment securities 500,400 Loans and leases, net 3,456,748 Premises and equipment 44,842 Deferred income taxes 6,563 Bank owned life insurance 67,525 Intangible assets 73,065 Other assets 153,592 Total assets 4,876,496 Liabilities assumed: Deposits 4,110,122 Other borrowings 145,512 Other liabilities 124,552 Noncontrolling interest (913) Total liabilities and noncontrolling interest 4,379,273 Net assets acquired: 497,223 Goodwill resulting from acquisition of BMBC $ 410,809 The table below presents information with respect to the fair value and unpaid principal balance of acquired loans and leases at the acquisition date. January 1, 2022 (Dollars in thousands) Book Balance Fair Value Commercial and industrial $ 613,197 $ 586,643 Owner-occupied commercial 513,267 503,182 Commercial mortgages 1,564,234 1,549,515 Construction 209,928 208,288 Commercial small business leases 125,770 119,119 Residential 310,092 315,454 Consumer 178,247 174,547 Total acquired loans and leases $ 3,514,735 $ 3,456,748 The table below presents the carrying amount of loans for which, at the date of acquisition, there was evidence of more than insignificant deterioration of credit quality since origination: (Dollars in thousands) January 1, 2022 Book balance of loans at acquisition $ 235,791 Allowance for credit losses at acquisition (26,103) Non-credit related discount (1,421) Total purchase credit deteriorated (PCD) loans acquired $ 208,267
Schedule of Changes to Goodwill	The following table details the changes to goodwill recorded subsequent to acquisition: (Dollars in thousands) Fair Value Goodwill resulting from the acquisition of BMBC as of January 1, 2022 $ 414,337 Effects of adjustments to: Deferred income taxes 1,870 Intangibles 1,500 Deposits (149) Other liabilities 1,352 Effect of sale of BMTIA business (8,101) Goodwill resulting from the acquisition of BMBC as of December 31, 2022 $ 410,809
Schedule of Other Operating Cost and Expense, by Component	The following table details the costs identified and classified as corporate development and restructuring expenses, which are primarily related to the BMBC Merger: Twelve months ended December 31, (dollars in thousands) 2022 Salaries, benefits and other compensation $ 12,541 Occupancy expense 9,356 Equipment expense 20,950 Professional fees 13,025 Data processing and operations expenses 121 Marketing expense 3,133 Other operating expense, net 6,097 Total corporate development and restructuring expenses $ 65,223
Business Acquisition, Pro Forma Information	The pro forma income statement adjustments are limited to the effects of fair value mark amortization and accretion and intangible asset amortization. No cost savings or additional merger expenses have been included in the pro forma results of operations. Twelve months ended December 31, (dollars in thousands, except share and per share data) 2021 Net interest income $ 567,183 (Recovery of) provision for credit losses (115,212) Net interest income after provision for credit losses 682,395 Total noninterest income 271,576 Total noninterest expenses 556,524 Income before income taxes 397,447 Income tax provision 100,009 Net income $ 297,438 Per share data: Weighted-average basic shares outstanding 65,445,251 Dilutive shares 332,765 Adjusted weighted-average diluted shares 65,778,016 Basic earnings per common share $ 4.54 Diluted earnings per common share $ 4.52

NONINTEREST INCOME (Tables)

NONINTEREST INCOME (Tables)	12 Months Ended
	Dec. 31, 2022
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: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Bailment fees $ 21,173 $ 12,940 $ 14,615 Interchange fees 15,506 13,520 17,747 Other card and ATM fees 3,409 3,019 2,652 Total credit/debit card and ATM income $ 40,088 $ 29,479 $ 35,014
Schedule of Investment Management and Fiduciary Income	The following table presents the components of investment management and fiduciary income: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Trust fees $ 79,472 $ 43,725 $ 33,288 Wealth management and advisory fees 42,136 18,623 15,691 Total investment management and fiduciary income $ 121,608 $ 62,348 $ 48,979
Schedule of Deposit Service Charges	The following table presents the components of deposit service charges: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Service fees $ 16,019 $ 14,220 $ 12,725 Return and overdraft fees 7,651 6,789 6,819 Other deposit service fees 814 1,081 455 Total deposit service charges $ 24,484 $ 22,090 $ 19,999
Schedule of Other income	The following table presents the components of other income: Twelve Months Ended December 31, (Dollars in thousands) 2022 2021 2020 Managed service fees $ 17,991 $ 16,425 $ 15,448 Currency preparation 4,120 4,064 3,854 ATM loss protection 2,627 2,522 2,401 Capital markets revenue 7,859 — — Miscellaneous products and services (1) 20,027 11,786 7,442 Total other income $ 52,624 $ 34,797 $ 29,145 (1) Includes commissions income from BMTIA in 2022. The BMTIA business was sold during the second quarter of 2022.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
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: (Dollars and shares in thousands, except per share data) 2022 2021 2020 Numerator: Net income attributable to WSFS $ 222,375 $ 271,442 $ 114,774 Denominator: Weighted average basic shares 63,453 47,539 50,510 Dilutive potential common shares 206 164 37 Weighted average fully diluted shares 63,659 47,703 50,547 Earnings per share: Basic $ 3.50 $ 5.71 $ 2.27 Diluted $ 3.49 $ 5.69 $ 2.27 Outstanding common stock equivalents having no dilutive effect 9 1 12

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2022
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. December 31, 2022 (Dollars in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Allowance for Fair Value Available-for-Sale Debt Securities Collateralized mortgage obligation (CMO) $ 608,834 $ — $ 102,454 $ — $ 506,380 Fannie Mae (FNMA) mortgage-backed securities (MBS) 3,823,036 — 572,778 — 3,250,258 Freddie Mac (FHLMC) MBS 135,554 — 13,555 — 121,999 Ginnie Mae (GNMA) MBS 39,116 — 2,978 — 36,138 Government-sponsored enterprises (GSE) agency notes 228,010 — 49,725 — 178,285 $ 4,834,550 $ — $ 741,490 $ — $ 4,093,060 Held-to-Maturity Debt Securities (1) FNMA MBS $ 909,498 $ — $ 68,677 $ — $ 840,821 State and political subdivisions 201,631 532 3,372 10 198,781 Foreign bonds 500 2 — — 502 $ 1,111,629 $ 534 $ 72,049 $ 10 $ 1,040,104 (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 losses of $142.8 million at December 31, 2022, which are offset in Accumulated other comprehensive income (loss) . 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, 2021 (Dollars in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Allowance for Fair Value Available-for-Sale Debt Securities CMO $ 586,830 $ 3,569 $ 14,633 $ — $ 575,766 FNMA MBS 4,275,307 24,170 53,793 — 4,245,684 FHLMC MBS 139,708 6,336 516 — 145,528 GNMA MBS 17,456 551 71 — 17,936 GSE agency notes 230,581 — 10,184 — 220,397 $ 5,249,882 $ 34,626 $ 79,197 $ — $ 5,205,311 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 90,146 $ 3,489 $ — $ 4 $ 93,631 Foreign bonds 500 — — — 500 $ 90,646 $ 3,489 $ — $ 4 $ 94,131 (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 $0.2 million at December 31, 2021, which are offset in Accumulated other comprehensive income (loss) . 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. December 31, 2022 (Dollars in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Allowance for Fair Value Available-for-Sale Debt Securities Collateralized mortgage obligation (CMO) $ 608,834 $ — $ 102,454 $ — $ 506,380 Fannie Mae (FNMA) mortgage-backed securities (MBS) 3,823,036 — 572,778 — 3,250,258 Freddie Mac (FHLMC) MBS 135,554 — 13,555 — 121,999 Ginnie Mae (GNMA) MBS 39,116 — 2,978 — 36,138 Government-sponsored enterprises (GSE) agency notes 228,010 — 49,725 — 178,285 $ 4,834,550 $ — $ 741,490 $ — $ 4,093,060 Held-to-Maturity Debt Securities (1) FNMA MBS $ 909,498 $ — $ 68,677 $ — $ 840,821 State and political subdivisions 201,631 532 3,372 10 198,781 Foreign bonds 500 2 — — 502 $ 1,111,629 $ 534 $ 72,049 $ 10 $ 1,040,104 (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 losses of $142.8 million at December 31, 2022, which are offset in Accumulated other comprehensive income (loss) . 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, 2021 (Dollars in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Allowance for Fair Value Available-for-Sale Debt Securities CMO $ 586,830 $ 3,569 $ 14,633 $ — $ 575,766 FNMA MBS 4,275,307 24,170 53,793 — 4,245,684 FHLMC MBS 139,708 6,336 516 — 145,528 GNMA MBS 17,456 551 71 — 17,936 GSE agency notes 230,581 — 10,184 — 220,397 $ 5,249,882 $ 34,626 $ 79,197 $ — $ 5,205,311 Held-to-Maturity Debt Securities (1) State and political subdivisions $ 90,146 $ 3,489 $ — $ 4 $ 93,631 Foreign bonds 500 — — — 500 $ 90,646 $ 3,489 $ — $ 4 $ 94,131 (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 $0.2 million at December 31, 2021, which are offset in Accumulated other comprehensive income (loss) . 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. Twelve months ended December 31, (Dollars in thousands) 2022 2021 Allowance for credit losses: Beginning balance $ 4 $ 6 Provision for credit losses 6 (2) Ending balance $ 10 $ 4
Schedule of Maturities of Investment Securities Available-for-Sale and Held-to-Maturity	The scheduled maturities of available-for-sale debt securities at December 31, 2022 and December 31, 2021 are presented in the table below: Available-for-Sale (Dollars in thousands) Amortized Cost Fair Value December 31, 2022 (1) Within one year $ — $ — After one year but within five years 83,014 77,499 After five years but within ten years 465,777 398,607 After ten years 4,285,759 3,616,954 $ 4,834,550 $ 4,093,060 December 31, 2021 (1) Within one year $ — $ — After one year but within five years 103,960 107,009 After five years but within ten years 204,186 204,289 After ten years 4,941,736 4,894,013 $ 5,249,882 $ 5,205,311 (1) Actual maturities could differ from contractual maturities. The scheduled maturities of held-to-maturity debt securities at December 31, 2022 and December 31, 2021 are presented in the table below: Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value December 31, 2022 (1) Within one year $ 731 $ 732 After one year but within five years 9,530 9,476 After five years but within ten years 46,170 45,944 After ten years 1,055,198 983,952 $ 1,111,629 $ 1,040,104 December 31, 2021 (1) Within one year $ 232 $ 234 After one year but within five years 2,675 2,736 After five years but within ten years 44,137 45,404 After ten years 43,602 45,757 $ 90,646 $ 94,131
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 December 31, 2022. Duration of Unrealized Loss Position Less than 12 months 12 months or longer Total (Dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Available-for-sale debt securities: CMO $ 158,449 $ 13,855 $ 347,931 $ 88,599 $ 506,380 $ 102,454 FNMA MBS 1,237,560 145,752 2,012,698 427,026 3,250,258 572,778 FHLMC MBS 102,321 9,268 19,671 4,287 121,992 13,555 GNMA MBS 32,076 2,265 4,030 713 36,106 2,978 GSE agency notes — — 178,285 49,725 178,285 49,725 $ 1,530,406 $ 171,140 $ 2,562,615 $ 570,350 $ 4,093,021 $ 741,490 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 December 31, 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 $ 411,347 $ 12,730 $ 35,638 $ 1,903 $ 446,985 $ 14,633 FNMA MBS 3,018,606 41,021 356,665 12,772 3,375,271 53,793 FHLMC MBS 11,227 348 1,917 168 13,144 516 GNMA MBS 4,847 71 — — 4,847 71 GSE agency notes 64,509 1,918 155,888 8,266 220,397 10,184 $ 3,510,536 $ 56,088 $ 550,108 $ 23,109 $ 4,060,644 $ 79,197
Held-to-maturity, Credit Quality Indicator	The following table summarizes the amortized cost of debt securities held-to-maturity as of December 31, 2022, aggregated by credit quality indicator: (Dollars in thousands) FNMA MBS State and political subdivisions Foreign bonds A+ rated or higher $ — $ 201,631 $ 500 Not rated 909,498 — — Ending balance $ 909,498 $ 201,631 $ 500 The following table summarizes the amortized cost of debt securities held-to-maturity as of December 31, 2021, aggregated by credit quality indicator: (Dollars in thousands) State and political subdivisions Foreign bonds A+ rated or higher $ 90,146 $ 500 Not rated — — Ending balance $ 90,146 $ 500

LOANS AND LEASES (Tables)

LOANS AND LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Summary of Loan Portfolio by Category	The following table shows the Company's loan portfolio by category: December 31, (Dollars in thousands) 2022 2021 Commercial and industrial (1) $ 2,575,345 $ 1,918,043 Owner-occupied commercial 1,809,582 1,341,707 Commercial mortgages 3,351,084 1,881,510 Construction 1,044,049 687,213 Commercial small business leases 558,981 352,276 Residential (2) 761,882 546,667 Consumer (3) 1,810,930 1,158,573 11,911,853 7,885,989 Less: Allowance for credit losses 151,861 94,507 Net loans and leases $ 11,759,992 $ 7,791,482 (1) Includes PPP loans of $3.8 million and $31.5 million at December 31, 2022 and 2021, respectively. (2) Includes reverse mortgages, at fair value of $2.4 million and $3.9 million at December 31, 2022 and 2021, respectively . (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)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Allowance for Loan Losses and Loan Balances	The following tables provide the activity of the Company's allowance for credit losses and loan and lease balances for the years ended December 31, 2022, December 31, 2021, and December 31, 2020. During 2022, the increase was primarily due to an initial ACL of $49.6 million recorded in connection with the BMBC Merger and loan growth during the year. The initial $49.6 million ACL recorded includes $23.5 million related to non-PCD loans, or the initial provision for credit loss recorded, and $26.1 million related to PCD loans, which does not have an initial income statement impact, but adjusts the amortized cost basis of the loans at acquisition (i.e., a balance sheet gross-up). (Dollars in thousands) Commercial and Industrial (1) Owner- occupied Commercial Commercial Mortgages Construction Residential (2) Consumer (3) Total Year Ended December 31, 2022 Allowance for credit losses Beginning balance $ 49,967 $ 4,574 $ 11,623 $ 1,903 $ 3,352 $ 23,088 $ 94,507 Initial allowance on acquired PCD loans 22,614 595 2,684 71 61 78 26,103 Charge-offs (19,004) (179) (581) — (186) (7,520) (27,470) Recoveries 6,112 278 223 2,567 665 793 10,638 (Credit) provision (4) (295) 751 7,524 2,446 776 36,881 48,083 Ending balance $ 59,394 $ 6,019 $ 21,473 $ 6,987 $ 4,668 $ 53,320 $ 151,861 Period-end allowance allocated to: Loans evaluated on an individual basis $ 2,428 $ — $ — $ — $ — $ — $ 2,428 Loans evaluated on a collective basis 56,966 6,019 21,473 6,987 4,668 53,320 149,433 Ending balance $ 59,394 $ 6,019 $ 21,473 $ 6,987 $ 4,668 $ 53,320 $ 151,861 Period-end loan balances: Loans evaluated on an individual basis $ 17,572 $ 1,929 $ 6,369 $ 5,143 $ 7,680 $ 2,047 $ 40,740 Loans evaluated on a collective basis 3,116,754 1,807,653 3,344,715 1,038,906 751,785 1,808,883 11,868,696 Ending balance $ 3,134,326 $ 1,809,582 $ 3,351,084 $ 1,044,049 $ 759,465 $ 1,810,930 $ 11,909,436 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $2.4 million. (3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans. (4) Includes $23.5 million initial provision for credit losses on non-PCD loans. (Dollars in thousands) Commercial and Industrial (1) Owner- Commercial Construction Residential (2) Consumer (3) Total Year Ended December 31, 2021 Allowance for credit losses Beginning balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Charge-offs (23,592) (83) (73) (2,473) — (2,094) (28,315) Recoveries 8,756 160 269 — 789 1,131 11,105 (Credit) provision (86,072) (5,118) (19,644) (7,814) (4,330) 5,891 (117,087) Ending balance $ 49,967 $ 4,574 $ 11,623 $ 1,903 $ 3,352 $ 23,088 $ 94,507 Period-end allowance allocated to: Loans evaluated on an individual basis $ 1 $ — $ 7 $ — $ — $ — $ 8 Loans evaluated on a collective basis 49,966 4,574 11,616 1,903 3,352 23,088 94,499 Ending balance $ 49,967 $ 4,574 $ 11,623 $ 1,903 $ 3,352 $ 23,088 $ 94,507 Period-end loan balances: Loans evaluated on an individual basis $ 8,363 $ 1,690 $ 3,764 $ — $ 5,000 $ 2,321 $ 21,138 Loans evaluated on a collective basis 2,261,956 1,340,017 1,877,746 687,213 537,733 1,156,252 7,860,917 Ending balance $ 2,270,319 $ 1,341,707 $ 1,881,510 $ 687,213 $ 542,733 $ 1,158,573 $ 7,882,055 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $3.9 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- occupied Commercial Commercial Mortgages Construction Residential (2) Consumer (3) Total Year Ended December 31, 2020 Allowance for loan and lease 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 adoption ASC 326 (4) 19,747 (1,472) 1,662 681 7,522 7,715 35,855 Charge-offs (10,388) (336) (104) — (229) (2,464) (13,521) Recoveries 4,255 142 158 36 230 893 5,714 Provision (credit) 114,412 6,665 21,903 7,582 (2,011) 4,629 153,180 Ending balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Period-end allowance allocated to: Loans evaluated on an individual basis $ 1 $ — $ 13 $ — $ — $ — $ 14 Loans evaluated on a collective basis 150,874 9,615 31,058 12,190 6,893 18,160 228,790 Ending balance $ 150,875 $ 9,615 $ 31,071 $ 12,190 $ 6,893 $ 18,160 $ 228,804 Period-end loan balances: Loans evaluated on an individual basis $ 14,048 $ 6,496 $ 20,309 $ 79 $ 5,921 $ 2,371 $ 49,224 Loans evaluated on a collective basis 2,935,255 1,326,231 2,065,753 716,196 758,472 1,163,546 8,965,453 Ending balance $ 2,949,303 $ 1,332,727 $ 2,086,062 $ 716,275 $ 764,393 $ 1,165,917 $ 9,014,677 (1) Includes commercial small business leases and PPP loans. (2) Period-end loan balance excludes reverse mortgages at fair value of $10.1 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	The following tables show nonaccrual and past due loans presented at amortized cost at the date indicated: December 31, 2022 (Dollars in thousands) 30–89 Days Greater Than 90 Days Past Due and Still Accruing Total Past Due And Still Accruing Accruing Current Balances Nonaccrual Loans (1) Total Loans Commercial and industrial (2) $ 10,767 $ 311 $ 11,078 $ 3,116,478 $ 6,770 $ 3,134,326 Owner-occupied commercial 3,500 474 3,974 1,805,222 386 1,809,582 Commercial mortgages 2,137 237 2,374 3,343,551 5,159 3,351,084 Construction — — — 1,038,906 5,143 1,044,049 Residential (3) 2,563 — 2,563 753,703 3,199 759,465 Consumer (4) 12,263 15,513 27,776 1,781,009 2,145 1,810,930 Total (4) $ 31,230 $ 16,535 $ 47,765 $ 11,838,869 $ 22,802 $ 11,909,436 % of Total Loans 0.26 % 0.14 % 0.40 % 99.41 % 0.19 % 100.00 % (1) There were no nonaccrual loans with an allowance as of December 31, 2022. (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances exclude reverse mortgages at fair value of $2.4 million. (4) Includes $21.1 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss. December 31, 2021 (Dollars in thousands) 30–89 Days Greater Than 90 Days Past Due and Still Accruing Total Past Due And Still Accruing Accruing Current Balances Nonaccrual Loans (1) Total Loans Commercial and industrial (2) $ 5,007 $ 547 $ 5,554 $ 2,256,554 $ 8,211 $ 2,270,319 Owner-occupied commercial 741 — 741 1,340,155 811 1,341,707 Commercial mortgages 3,525 810 4,335 1,875,105 2,070 1,881,510 Construction 7,933 — 7,933 679,268 12 687,213 Residential (3) 1,856 — 1,856 537,752 3,125 542,733 Consumer (4) 10,227 8,634 18,861 1,137,332 2,380 1,158,573 Total (4) $ 29,289 $ 9,991 $ 39,280 $ 7,826,166 $ 16,609 $ 7,882,055 % of Total Loans 0.37 % 0.13 % 0.50 % 99.29 % 0.21 % 100.00 % (1) Nonaccrual loans with an allowance totaled less than $0.1 million. (2) Includes commercial small business leases and PPP loans. (3) Residential accruing current balances exclude reverse mortgages at fair value of $3.9 million. (4) Includes $17.0 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 December 31, 2022 and December 31, 2021: December 31, 2022 December 31, 2021 (Dollars in thousands) Property Equipment and other Property Equipment and other Commercial and industrial (1) $ 3,848 $ 2,922 $ 4,199 $ 4,012 Owner-occupied commercial 386 — 811 — Commercial mortgages 5,159 — 2,070 — Construction 5,143 — 12 — Residential (2) 3,199 — 3,125 — Consumer (3) 2,145 — 2,380 — Total $ 19,880 $ 2,922 $ 12,597 $ 4,012 (1) Includes commercial small business leases. (2) Excludes reverse mortgages at fair value.
Schedule of Commercial Credit Exposure	The following table provides 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, 2022. Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving loans amortized cost basis Revolving loans converted to term Total (Dollars in thousands) Commercial and industrial (1) : Risk Rating Pass (2) $ 1,123,803 $ 501,761 $ 387,225 $ 211,310 $ 153,713 $ 276,588 $ 8,099 $ 250,486 $ 2,912,985 Special mention 28,672 27,689 7,585 9,451 347 1,010 — 2,596 77,350 Substandard or Lower 32,362 16,162 6,943 37,534 37,133 6,768 — 7,089 143,991 $ 1,184,837 $ 545,612 $ 401,753 $ 258,295 $ 191,193 $ 284,366 $ 8,099 $ 260,171 $ 3,134,326 Owner-occupied commercial: Risk Rating Pass $ 280,898 $ 325,388 $ 258,177 $ 226,717 $ 106,390 $ 363,420 $ — $ 132,942 $ 1,693,932 Special mention 17,376 — — — — 2,166 — 3,351 22,893 Substandard or Lower 2,981 1,500 23,284 4,401 11,864 35,311 — 13,416 92,757 $ 301,255 $ 326,888 $ 281,461 $ 231,118 $ 118,254 $ 400,897 $ — $ 149,709 $ 1,809,582 Commercial mortgages: Risk Rating Pass $ 516,783 $ 600,226 $ 526,312 $ 549,788 $ 276,414 $ 594,024 $ — $ 210,550 $ 3,274,097 Special mention 1,450 75 3,848 6,121 9,596 32,014 — — 53,104 Substandard or Lower 1,861 1,210 12,552 2,909 3,573 1,209 — 569 23,883 $ 520,094 $ 601,511 $ 542,712 $ 558,818 $ 289,583 $ 627,247 $ — $ 211,119 $ 3,351,084 Construction: Risk Rating Pass $ 448,581 $ 299,619 $ 115,667 $ 9,319 $ 26,553 $ 7,539 $ — $ 122,116 $ 1,029,394 Special mention — — — — — — — 581 581 Substandard or Lower — 4,200 8,930 183 — — — 761 14,074 $ 448,581 $ 303,819 $ 124,597 $ 9,502 $ 26,553 $ 7,539 $ — $ 123,458 $ 1,044,049 Residential (3) : Risk Rating Performing $ 64,500 $ 110,508 $ 60,625 $ 36,118 $ 45,859 $ 434,175 $ — $ — $ 751,785 Nonperforming (4) — 729 502 999 1,218 4,232 — — 7,680 $ 64,500 $ 111,237 $ 61,127 $ 37,117 $ 47,077 $ 438,407 $ — $ — $ 759,465 Consumer (5) : Risk Rating Performing $ 595,158 $ 195,397 $ 126,456 $ 54,449 $ 220,039 $ 71,478 $ 540,308 $ 5,232 $ 1,808,517 Nonperforming (6) — — 350 — 479 — 1,255 329 2,413 $ 595,158 $ 195,397 $ 126,806 $ 54,449 $ 220,518 $ 71,478 $ 541,563 $ 5,561 $ 1,810,930 (1) Includes commercial small business leases. (2) Includes $3.8 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 table provides 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, 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) $ 556,896 $ 420,698 $ 329,354 $ 273,345 $ 139,800 $ 148,809 $ 5,551 $ 176,006 $ 2,050,459 Special mention 35,910 949 3,052 1,057 429 15,299 — 17,545 74,241 Substandard or Lower 12,533 14,408 53,655 29,046 19,114 6,921 29 9,913 145,619 $ 605,339 $ 436,055 $ 386,061 $ 303,448 $ 159,343 $ 171,029 $ 5,580 $ 203,464 $ 2,270,319 Owner-occupied commercial: Risk Rating Pass $ 305,156 $ 189,128 $ 172,503 $ 67,526 $ 136,697 $ 262,629 $ — $ 128,188 $ 1,261,827 Special mention 938 5,359 2,561 891 — 7,019 — 10,543 27,311 Substandard or Lower 3,192 13,736 4,138 9,418 5,580 11,039 — 5,466 52,569 $ 309,286 $ 208,223 $ 179,202 $ 77,835 $ 142,277 $ 280,687 $ — $ 144,197 $ 1,341,707 Commercial mortgages: Risk Rating Pass $ 416,149 $ 280,889 $ 217,311 $ 134,477 $ 229,863 $ 368,527 $ — $ 187,396 $ 1,834,612 Special mention — 4,185 — 861 11,588 1,385 — 2,097 20,116 Substandard or Lower 2,438 1,624 3,789 2,114 2,254 14,085 — 478 26,782 $ 418,587 $ 286,698 $ 221,100 $ 137,452 $ 243,705 $ 383,997 $ — $ 189,971 $ 1,881,510 Construction: Risk Rating Pass $ 248,053 $ 195,269 $ 84,868 $ 39,585 $ 2,223 $ 11,297 $ — $ 88,839 $ 670,134 Special mention — — — — — — — — — Substandard or Lower 12,922 — 2,422 — 90 — — 1,645 17,079 $ 260,975 $ 195,269 $ 87,290 $ 39,585 $ 2,313 $ 11,297 $ — $ 90,484 $ 687,213 Residential (3) : Risk Rating Performing $ 59,977 $ 28,426 $ 12,526 $ 32,871 $ 44,969 $ 358,964 $ — $ — $ 537,733 Nonperforming (4) — 112 1,044 — 63 3,781 — — 5,000 $ 59,977 $ 28,538 $ 13,570 $ 32,871 $ 45,032 $ 362,745 $ — $ — $ 542,733 Consumer (5) : Risk Rating Performing $ 219,918 $ 169,922 $ 74,048 $ 203,519 $ 39,113 $ 60,952 $ 382,718 $ 5,364 $ 1,155,554 Nonperforming (6) — 147 — 600 71 — 1,655 546 3,019 $ 219,918 $ 170,069 $ 74,048 $ 204,119 $ 39,184 $ 60,952 $ 384,373 $ 5,910 $ 1,158,573 (1) Includes commercial small business leases. (2) Includes $31.5 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.
Summary of Loan Modifications By Type	The following tables present information regarding the types of loan modifications made and the balances of loans modified as TDRs during the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Contractual payment reduction Maturity date extension Discharged in bankruptcy Other (1) Total Contractual Maturity Discharged Other (1) Total Commercial 1 2 — 2 5 — — — — — Owner-occupied commercial — 1 — — 1 — — — — — Commercial mortgages — 1 — — 1 — — — — — Construction — 1 — — 1 — — — — — Residential 1 — 1 1 3 — — 2 — 2 Consumer 151 48 8 3 210 — 1 23 6 30 Total 153 53 9 6 221 — 1 25 6 32 (1) Other includes interest rate reduction, forbearance, and interest only payments.
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) December 31, 2022 December 31, 2021 Performing TDRs $ 19,737 $ 14,204 Nonperforming TDRs 2,006 756 Total TDRs $ 21,743 $ 14,960 Year Ended December 31, (Dollars in thousands) 2022 2021 Pre Post Pre Modification Post Modification Commercial $ 1,067 $ 1,067 $ — $ — Owner-occupied commercial 2,087 2,087 — — Commercial mortgages 2,380 2,380 — — Construction — — — — Residential 302 302 146 146 Consumer 4,178 4,178 1,585 1,585 Total (1)(2)(3) $ 10,014 $ 10,014 $ 1,731 $ 1,731 (1) During the year ended December 31, 2022, the TDRs in the table above resulted in a $0.5 million increase in the allowance for credit losses, and no additional charge-offs. During the year ended December 31, 2022, no TDRs defaulted that had received troubled debt modification during the past twelve months. (2) During the year ended December 31, 2021 the TDRs in the table above resulted in a less than $0.1 million increase in the allowance for credit losses, and no additional charge-offs. During the year ended December 31, 2021, no TDRs defaulted that had received troubled debt modification during the past twelve months. (3) The TDRs in the table above did not occur as a result of the loan forbearance program under the CARES Act.

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	The following table shows the components of premises and equipment, at cost, summarized by major classifications: December 31, (Dollars in thousands) 2022 2021 Land $ 33,932 $ 18,469 Buildings 49,406 34,481 Leasehold improvements 77,845 66,098 Furniture and equipment 55,284 70,915 Gross premises and equipment 216,467 189,963 Less: Accumulated depreciation 100,864 102,668 Net premises and equipment $ 115,603 $ 87,295

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Lease Cost	The components of the Company's ongoing operating lease cost were as follows: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Operating lease cost (1) $ 20,123 $ 18,564 $ 18,690 Sublease income (280) (365) (372) Net lease cost $ 19,843 $ 18,199 $ 18,318 (1) Includes variable lease cost and short-term lease cost.
Schedule of Balance Sheet Information	Supplemental balance sheet information related to operating leases was as follows: (Dollars in thousands) December 31, 2022 December 31, 2021 Right-of-use assets $ 138,182 $ 144,134 Lease liabilities $ 158,269 $ 159,526 Lease term and discount rate of operating leases Weighted average remaining lease term (in years) 17.91 19.17 Weighted average discount rate 4.25 % 4.27 %
Schedule of Lessee Operating Lease Maturities	Maturities of operating lease liabilities were as follows: (Dollars in thousands) December 31, 2022 2023 $ 19,372 2024 18,107 2025 18,158 2026 14,670 2027 13,538 After 2027 157,493 Total lease payments 241,338 Less: Interest (83,069) Present value of lease liabilities $ 158,269
Supplemental Cash Flow information	Supplemental cash flow information related to leases was as follows: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 20,987 $ 17,834 $ 18,452 Right of use assets obtained in exchange for new operating lease liabilities (non-cash) 13,707 — —
Schedule of Direct Financing Leases	The components of direct finance lease income are summarized in the table below: Twelve months ended (Dollars in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Direct financing leases: Interest income on lease receivable $ 42,542 $ 21,947 $ 15,805 (Amortization)/accretion of deferred fees and costs (3,718) (1,963) 433 Total direct financing lease income $ 38,824 $ 19,984 $ 16,238 Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows: (Dollars in thousands) December 31, 2022 December 31, 2021 Lease receivables $ 642,369 $ 399,688 Unearned income (95,683) (55,066) Deferred fees and costs 12,295 7,654 Net investment in direct financing leases $ 558,981 $ 352,276
Schedule of Direct Financing Leases	Future minimum lease payments to be received for direct financing leases were as follows: (Dollars in thousands) December 31, 2022 2023 $ 206,375 2024 173,070 2025 128,281 2026 85,130 2027 40,335 After 2027 9,178 Total lease payments $ 642,369

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Allocation of Goodwill to Our Reportable Operating Segments for Purposes of Goodwill Impairment Testing	The following table shows the allocation of goodwill to the reportable operating segments for purposes of goodwill impairment testing: ( Dollars in thousands ) WSFS Bank Wealth Management Consolidated Company December 31, 2020 $ 452,629 $ 20,199 $ 472,828 Goodwill adjustments — — — December 31, 2021 452,629 20,199 472,828 Goodwill from business combinations 297,646 116,691 414,337 Goodwill adjustments (1) 3,311 (6,839) (3,528) December 31, 2022 $ 753,586 $ 130,051 $ 883,637 (1) Goodwill adjustments include the remeasurements as noted in Note 3 and Wealth Management includes the impact of the sale of the BMTIA business.
Summary of Other Intangible Assets	The following table summarizes the Company's intangible assets: (Dollars in thousands) Gross Intangible Assets Accumulated Amortization Net Intangible Assets Amortization Period December 31, 2022 Core deposits $ 104,751 $ (40,443) $ 64,308 10 years Customer relationships 68,281 (12,937) 55,344 7-15 years Non-compete agreements 200 (200) — 1 year Tradename 2,900 — 2,900 indefinite Loan servicing rights (1) 11,118 (5,075) 6,043 10-25 years Total intangible assets $ 187,250 $ (58,655) $ 128,595 December 31, 2021 Core deposits $ 93,811 $ (30,103) $ 63,708 10 years Customer relationships 15,281 (7,876) 7,405 7-15 years Loan servicing rights (2) 6,671 (3,381) 3,290 10-25 years Total intangible assets $ 115,763 $ (41,360) $ 74,403 (1) Includes impairment losses of $0.3 million for the year ended December 31, 2022. (2) Includes reversal of impairment losses of $0.3 million for the year ended December 31, 2021.
Schedule of Estimated Amortization Expense of Intangibles	The following presents the estimated amortization expense of intangibles: (Dollars in thousands) Amortization of Intangibles 2023 $ 16,584 2024 16,332 2025 15,996 2026 15,328 2027 14,902 Thereafter 46,553 Total $ 125,695

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Schedule of Deposits by Category, Including Summary of Remaining Time to Maturity for Time Deposits	The following table is a summary of the Company's deposits by category: December 31, (Dollars in thousands) 2022 2021 Noninterest-bearing: Noninterest-bearing demand $ 5,739,647 $ 4,565,143 Total noninterest-bearing $ 5,739,647 $ 4,565,143 Interest-bearing: Interest-bearing demand $ 3,346,682 $ 2,793,279 Savings 2,161,858 1,970,744 Money market 3,730,778 2,906,260 Customer time deposits 1,102,013 988,974 Brokered deposits 122,591 15,662 Total interest-bearing $ 10,463,922 $ 8,674,919 Total deposits $ 16,203,569 $ 13,240,062 The following table is a summary of the remaining time to maturity for customer time deposits: December 31, (Dollars in thousands) 2022 2021 Certificates of deposit (not jumbo): Less than one year $ 712,582 $ 623,762 One year to two years 163,260 161,486 Two years to three years 21,740 54,943 Three years to four years 11,303 12,116 Over four years 10,378 6,618 Total certificates of deposit (not jumbo) $ 919,263 $ 858,925 Jumbo certificates of deposit (1) Less than one year $ 151,406 $ 94,955 One year to two years 26,215 22,557 Two years to three years 3,732 11,488 Three years to four years 690 322 Over four years 707 727 Total jumbo certificates of deposit $ 182,750 $ 130,049 Total certificates of deposit $ 1,102,013 $ 988,974
Schedule of Interest Expense on Deposits by Category, Followed on Deposits	The following table is a summary of interest expense on deposits by category: Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Interest-bearing demand $ 7,441 $ 2,262 $ 4,229 Money market 13,536 3,218 9,423 Savings 965 586 3,518 Time deposits 5,626 7,332 18,699 Total customer interest expense $ 27,568 $ 13,398 $ 35,869 Brokered deposits 613 1,525 3,393 Total interest expense on deposits $ 28,181 $ 14,923 $ 39,262

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Borrowed Funds by Type	The following is a summary of borrowed funds by type, at or for the twelve months ended: (Dollars in thousands) Balance at End of Period Weighted Average Interest Rate Maximum Outstanding at Month End During the Period Average Amount Outstanding During the Year Weighted Average Interest Rate During the Year December 31, 2022 Federal funds purchased $ — — % $ — $ 11,603 3.82 % FHLB advances 350,000 4.46 350,000 12,841 4.19 Trust preferred borrowings 90,442 6.63 90,442 90,337 3.85 Senior and subordinated debt 248,169 4.51 248,566 248,389 3.32 Other borrowed funds 38,283 0.10 38,283 35,473 0.10 December 31, 2021 Federal funds purchased $ — — % $ — $ 27 — % FHLB advances — — — 184 2.72 Trust preferred borrowings 67,011 1.91 67,011 67,011 1.90 Senior debt 147,939 2.94 246,763 192,243 3.38 Other borrowed funds 24,527 0.10 27,292 21,634 0.10

STOCKHOLDERS' EQUITY AND REGU_2

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Capital Position	The following table presents the capital position of the Bank and the Company as of December 31, 2022 and 2021: Consolidated Capital Minimum For Capital Adequacy Purposes To Be Well-Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent Amount Percent Amount Percent December 31, 2022 Total Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB $ 2,157,846 13.84 % $ 1,246,886 8.00 % $ 1,558,608 10.00 % WSFS Financial Corporation 2,219,920 14.20 1,250,689 8.00 1,563,361 10.00 Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 2,003,779 12.86 935,165 6.00 1,246,886 8.00 WSFS Financial Corporation 1,910,195 12.22 938,017 6.00 1,250,689 8.00 Common Equity Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 2,003,779 12.86 701,373 4.50 1,013,095 6.50 WSFS Financial Corporation 1,910,195 12.22 703,512 4.50 1,016,185 6.50 Tier 1 Leverage Capital Wilmington Savings Fund Society, FSB 2,003,779 10.29 779,288 4.00 974,110 5.00 WSFS Financial Corporation 1,910,195 9.79 780,333 4.00 975,416 5.00 December 31, 2021 Total Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB $ 1,639,708 15.91 % $ 824,687 8.00 % $ 1,030,858 10.00 % WSFS Financial Corporation 1,610,964 15.59 826,839 8.00 1,033,548 10.00 Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 1,557,142 15.11 618,515 6.00 824,687 8.00 WSFS Financial Corporation 1,528,398 14.79 620,129 6.00 826,839 8.00 Common Equity Tier 1 Capital (to risk-weighted assets) Wilmington Savings Fund Society, FSB 1,557,142 15.11 463,886 4.50 670,058 6.50 WSFS Financial Corporation 1,463,398 14.16 465,097 4.50 671,806 6.50 Tier 1 Leverage Capital Wilmington Savings Fund Society, FSB 1,557,142 10.44 596,711 4.00 745,889 5.00 WSFS Financial Corporation 1,528,398 10.24 597,179 4.00 746,473 5.00

ASSOCIATE BENEFIT PLANS (Tables

ASSOCIATE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Net Periodic Benefit Cost Components of Postretirement Benefits	The following disclosures relating to postretirement medical benefits were measured at December 31: (Dollars in thousands) 2022 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 2,138 $ 2,288 $ 2,170 Service cost 52 67 61 Interest cost 51 54 67 Actuarial (gain) loss (833) (216) 80 Benefits paid (77) (55) (90) Benefit obligation at end of year $ 1,331 $ 2,138 $ 2,288 Change in plan assets: Fair value of plan assets at beginning of year $ — $ — $ — Employer contributions 77 55 90 Benefits paid (77) (55) (90) Fair value of plan assets at end of year $ — $ — $ — Unfunded status $ (1,331) $ (2,138) $ (2,288) Amounts recognized in accumulated other comprehensive income (1) : Net prior service credit $ 283 $ 359 $ 435 Net gain 1,625 607 376 Net amount recognized $ 1,908 $ 966 $ 811 Components of net periodic (benefit) cost: Service cost $ 52 $ 67 $ 61 Interest cost 51 54 67 Amortization of prior service cost (76) (76) (76) Net gain recognition (84) (20) (36) Net periodic (benefit) cost $ (57) $ 25 $ 16 Assumption used to determine net periodic benefit cost: Discount rate 2.80 % 2.40 % 3.20 % Assumption used to value the Accumulated Postretirement Benefit Obligation (APBO): Discount rate 5.00 % 2.70 % 2.40 % (1) Before tax effects The following disclosures relating to Alliance pension benefits were measured at: (Dollars in thousands) June 30, 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 6,893 Interest cost 105 Settlements (7,272) Actuarial loss 274 Benefit obligation at end of period $ — Change in plan assets: Fair value of plan assets at beginning of year $ 7,431 Actual return on plan assets (159) Settlements (7,272) Fair value of plan assets at end of period $ — Funded status $ — Amounts recognized in accumulated other comprehensive income (1) : Net loss $ — Components of net periodic cost: Service cost $ 17 Interest cost 105 Expected return on plan assets (196) Plan settlement loss 1,431 Net periodic cost $ 1,357 (1) Before tax effects The following disclosures relating to Beneficial pension benefits and other postretirement benefit plans were measured at December 31, 2022: 2022 2021 (Dollars in thousands) Pension Benefits Other Postretirement Benefits Pension Benefits Other Postretirement Benefits Change in benefit obligation: Benefit obligation at beginning of year $ 104,695 $ 18,105 $ 112,283 $ 19,302 Service cost — 33 — 39 Interest cost 2,425 383 2,100 309 Plan participants' contributions — 55 — 68 Amendments — — (83) — Actuarial gain (26,233) (3,346) (4,420) (442) Benefits paid (5,736) (1,336) (5,185) (1,171) Benefit obligation at end of year $ 75,151 $ 13,894 $ 104,695 $ 18,105 Change in plan assets: Fair value of plan assets at beginning of year $ 108,242 $ — $ 111,129 $ — Actual return on Plan Assets (22,867) — 2,734 — Employer contribution 225 1,281 308 1,103 Participants' contributions — 55 — 68 Settlements — — (83) — Benefits paid (5,736) (1,336) (5,185) (1,171) Administrative expenses (577) — (661) — Fair value of plan assets at end of year $ 79,287 $ — $ 108,242 $ — Funded (unfunded) status $ 4,136 $ (13,894) $ 3,547 $ (18,105) Amounts recognized in accumulated other comprehensive income (1) : Net loss (gain) $ 10,658 $ (3,259) $ 6,882 $ 87 Components of net periodic (benefit) cost: Service cost $ — $ 33 $ — $ 39 Interest cost 2,425 383 2,100 309 Expected return on plan assets (6,586) — (6,783) — Net loss (gain) recognition 16 — 27 (11) Net periodic (benefit) cost $ (4,145) $ 416 $ (4,656) $ 337 (1) Before tax effects Significant assumptions used to calculate the net periodic benefit cost and obligation for Beneficial postretirement plans as of December 31, 2022 are as follows: Consolidated Pension Plan 2022 2021 Discount rate for net periodic benefit cost 2.82 % 2.50 % Expected return on plan assets 6.25 % 6.25 % Discount rate for disclosure obligations 5.24 % 2.82 % Beneficial Bank Other Postretirement Discount rate for net periodic benefit cost 2.69 % 2.32 % Discount rate for disclosure obligations 5.18 % 2.70 % FMS Other Postretirement Discount rate for net periodic benefit cost 2.07 % 1.47 % Discount rate for disclosure obligations 4.93 % 2.07 % Split-Dollar Plan Discount rate for net periodic benefit cost 2.05 % 1.44 % Discount rate for disclosure obligations 4.92 % 2.04 %
Estimated Future Benefit Payments	The following table shows the expected future payments for the next 10 years: (Dollars in thousands) During 2023 $ 55 During 2024 58 During 2025 62 During 2026 65 During 2027 68 During 2028 through 2032 390 $ 698 The following table shows the expected future payments for the next 10 years: (Dollars in thousands) Pension Benefits Other Postretirement Benefits During 2023 $ 4,846 $ 1,081 During 2024 6,398 1,122 During 2025 5,043 1,167 During 2026 6,561 1,170 During 2027 6,067 1,159 During 2028 through 2032 27,458 5,400 $ 56,373 $ 11,099
Schedule of Allocation of Plan Assets	The fair values and weighted average asset allocations in plan assets of all pension and postretirement plan assets at December 31, 2022 and 2021 by asset category are as follows: Category Used for Fair Value Measurement December 31, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total Percent Assets: Mutual Funds: Large cap $ 3,721 $ — $ — $ 3,721 4.7 % International 6,651 — — 6,651 8.4 Global Managed Volatility 5,901 — — 5,901 7.4 U.S. Managed Volatility 2,216 — — 2,216 2.8 Fixed Income 43,255 — — 43,255 54.6 U.S. Government Agencies — 17,259 — 17,259 21.8 Pooled separate accounts 123 — — 123 0.2 Accrued Income 161 — — 161 0.1 Total $ 62,028 $ 17,259 $ — $ 79,287 100.0 % Category Used for Fair Value Measurement December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Percent Assets: Mutual Funds: Large cap $ 5,610 $ — $ — $ 5,610 5.2 % Mid cap 75 — — 75 0.1 Small cap 59 — — 59 0.1 International 9,728 — — 9,728 9.0 Global Managed Volatility 8,640 — — 8,640 8.0 U.S. Managed Volatility 3,243 — — 3,243 3.0 Fixed Income 69,194 — — 69,194 63.9 U.S. Government Agencies — 11,524 — 11,524 10.6 Accrued Income 169 — — 169 0.1 Total $ 96,718 $ 11,524 $ — $ 108,242 100.0 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The Company's income tax provision consists of the following: Year ended December 31, (Dollars in thousands) 2022 2021 2020 Current income taxes: Federal taxes $ 63,203 $ 32,836 $ 57,716 State and local taxes 18,763 13,421 6,768 Deferred income taxes: Federal taxes (4,094) 37,251 (32,962) State and local taxes 89 2,587 114 Total $ 77,961 $ 86,095 $ 31,636
Schedule of Deferred Tax Assets and Liabilities	The following is a summary of the significant components of the Company's deferred tax assets and liabilities as of December 31, 2022 and 2021: (Dollars in thousands) 2022 2021 Deferred tax assets: Allowance for credit losses $ 33,323 $ 19,847 Purchase accounting adjustments—loans 13,807 10,264 Reserves and other accruals 23,189 16,444 Investments 1,579 2,038 Net operating losses 3,315 96 Derivatives 3,521 4,181 Employee benefit plans 181 1,340 Lease liabilities 33,236 33,501 Unrealized losses on available-for-sale securities 212,222 10,642 Other (1) 1,179 383 Total deferred tax assets $ 325,552 $ 98,736 Deferred tax liabilities: Legal settlement — (3,150) Accelerated depreciation (5,994) (4,467) Right of use assets (28,859) (30,268) Deferred loan costs (53) (230) Intangibles (35,610) (20,897) Other (2) (4,280) (756) Total deferred tax liabilities (74,796) (59,768) Net deferred tax asset $ 250,756 $ 38,968 (1) Other deferred tax assets includes deferred gains and tax credits in 2022 and 2021, and reverse mortgages in 2022. (2) Other deferred tax liabilities includes derivatives and partnership investments in 2022 and 2021, and reverse mortgages in 2021.
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation showing the differences between the Company's effective tax rate and the U.S. Federal statutory tax rate is as follows: Year ended December 31, Year Ended December 31, 2022 2021 2020 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % State tax, net of federal tax benefit 5.1 3.9 3.7 Adjustment to net deferred tax asset for enacted changes in tax laws and rates — — (1.2) Tax-exempt interest (0.5) (0.2) (0.7) Bank-owned life insurance income — (0.1) (0.2) Excess tax benefits from share-based compensation — (0.1) — Nondeductible acquisition costs 0.1 0.2 — Federal tax credits, net of amortization (0.4) (0.5) (0.8) Nondeductible compensation 0.2 — — Nondeductible goodwill 0.5 — — Other (0.1) (0.1) — Effective tax rate 25.9 % 24.1 % 21.8 %

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Assumptions for Options Issued	The assumptions used to determine the grant date fair value for options issued during 2021 and 2020 are presented below: 2021 2020 Expected term (in years) 5.5 5.5 Volatility 23.9 % 25.0 % Weighted-average risk-free interest rate 1.16 % 1.06 % Dividend yield 1.33 % 1.39 %
Summary of Options Including Non-Plan Stock Options	A summary of option activity as of December 31, 2022, and changes during the year the ended December 31, 2022, is presented below: 2022 Shares Weighted- Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (In Thousands) Stock Options: Outstanding at beginning of year 465,424 $ 41.39 4.52 $ 4,243 Less: Exercised (36,397) 26.43 Forfeited (67,312) 40.53 Expired (5,400) 51.84 Outstanding at end of year 356,315 42.92 3.43 1,562 Nonvested at end of year 131,928 44.43 1.84 120 Exercisable at end of year 224,387 42.04 2.79 1,038
Schedule of Nonvested Stock Option Outstanding	The following table summarizes the non-vested stock option activity during the year the ended December 31, 2022: 2022 Shares Weighted-Average Exercise Price Weighted-Average Grant Date Fair Value Stock Options: Nonvested at beginning of period 245,462 $ 43.28 $ 9.09 Less: Vested (98,893) 42.98 9.21 Forfeited (14,641) 34.90 7.81 Nonvested at end of period 131,928 44.43 9.15
Schedule of RSAs and RSUs	The following table summarizes the Company’s RSUs and changes during the year: Units (in whole) Weighted Average Grant-Date Fair Value per Unit Balance at December 31, 2021 235,481 $ 41.62 Plus: Granted 263,326 49.24 Less: Vested (107,949) 43.17 Forfeited (33,220) 42.67 Balance at December 31, 2022 357,638 46.70
Schedule of Nonvested Performance Stock Units	The following table summarizes the Company’s PSUs and changes during the year: Units (in whole) Weighted Average Grant-Date Fair Value per Unit Balance at December 31, 2021 — $ — Plus: Granted 102,885 49.76 Less: Forfeited (7,365) 49.76 Balance at December 31, 2022 95,520 49.76

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Off-Balance Sheet Financial Instruments	The following represents a summary of off-balance sheet financial instruments at year-end: December 31, (Dollars in thousands) 2022 2021 Financial instruments with contract amounts which represent potential credit risk: Construction loan commitments $ 699,748 $ 403,767 Commercial mortgage loan commitments 96,208 91,871 Commercial loan commitments 863,566 1,088,098 Owner-occupied commercial commitments 27,198 74,846 Commercial standby letters of credit 101,888 92,048 Residential loan commitments 4,032 6,815 Consumer loan commitments 1,011,739 731,850 Total $ 2,804,379 $ 2,489,295

FAIR VALUE DISCLOSURES OF FIN_2

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Instruments Carried at Fair Value	The following tables present financial instruments carried at fair value as of December 31, 2022 and December 31, 2021 by level in the valuation hierarchy (as described above): December 31, 2022 (Dollars in thousands) Quoted Prices in Active Markets for Identical Asset (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 506,380 $ — $ 506,380 FNMA MBS — 3,250,258 — 3,250,258 FHLMC MBS — 121,999 — 121,999 GNMA MBS — 36,138 — 36,138 GSE agency notes — 178,285 — 178,285 Other assets — 156,912 81 156,993 Total assets measured at fair value on a recurring basis $ — $ 4,249,972 $ 81 $ 4,250,053 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 156,520 $ 17,102 $ 173,622 Assets measured at fair value on a nonrecurring basis: Other investments $ — $ — $ 26,120 $ 26,120 Other real estate owned — — 833 833 Loans held for sale — 42,985 — 42,985 Total assets measured at fair value on a nonrecurring basis $ — $ 42,985 $ 26,953 $ 69,938 December 31, 2021 (Dollars in thousands) Quoted Prices in Active Markets Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Assets measured at fair value on a recurring basis: Available-for-sale securities: CMO $ — $ 575,766 $ — $ 575,766 FNMA MBS — 4,245,684 — 4,245,684 FHLMC MBS — 145,528 — 145,528 GNMA MBS — 17,936 — 17,936 GSE agency notes — 220,397 — 220,397 Other assets — 5,153 — 5,153 Total assets measured at fair value on a recurring basis $ — $ 5,210,464 $ — $ 5,210,464 Liabilities measured at fair value on a recurring basis: Other liabilities $ — $ 3,039 $ 20,252 $ 23,291 Assets measured at fair value on a nonrecurring basis: Other investments $ — $ — $ 10,518 $ 10,518 Other real estate owned — — 2,320 2,320 Loans held for sale — 113,349 — 113,349 Total assets measured at fair value on a nonrecurring basis $ — $ 113,349 $ 12,838 $ 126,187
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table provides a description of the valuation techniques and significant unobservable inputs for the Company's financial instruments classified as Level 3: (Dollars in thousands) December 31, 2022 Financial Instrument Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) Other investments $ 26,120 Observed market comparable transactions Period of observed transactions May 2022 Other real estate owned 833 Fair market value of collateral Costs to sell 10.0% Other assets (Risk participation agreements purchased) 81 Credit Value Adjustment CDS Spread and Loss Given Default (LGD) CDS spread: 110 - 250 bps (205 bps) LGD: –% - 30% (30%) Other liabilities (Risk participation agreements sold) 2 Credit Value Adjustment CDS Spread and Loss Given Default (LGD) CDS spread: 1 - 250 bps (158 bps) LGD: 30% Other liabilities 17,100 Discounted cash flow Timing of Visa litigation resolution 1 - 5.75 years (3.61 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: December 31, Fair Value Measurement 2022 2021 (Dollars in thousands) Book Value Fair Value Book Value Fair Value Financial assets: Cash, cash equivalents and restricted cash Level 1 $ 837,258 $ 837,258 $ 1,532,939 $ 1,532,939 Investment securities, available for sale Level 2 4,093,060 4,093,060 5,205,311 5,205,311 Investment securities, held to maturity, net Level 2 1,111,619 1,040,104 90,642 94,131 Other investments Level 3 26,120 26,120 10,518 10,518 Loans, held for sale Level 2 42,985 42,985 113,349 113,349 Loans and leases, net (1) Level 3 11,759,992 11,567,888 7,791,482 7,723,867 Stock in FHLB of Pittsburgh Level 2 24,116 24,116 6,073 6,073 Accrued interest receivable Level 2 74,448 74,448 41,596 41,596 Other assets Levels 2, 3 156,993 156,993 5,153 5,153 Financial liabilities: Deposits Level 2 $ 16,203,569 $ 16,156,124 $ 13,240,062 $ 13,236,816 Borrowed funds Level 2 726,894 709,014 239,477 225,119 Standby letters of credit Level 3 739 739 674 674 Accrued interest payable Level 2 5,174 5,174 736 736 Other liabilities Levels 2, 3 173,622 173,622 23,291 23,291 (1) Includes reverse mortgage loans.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Fair Values of Derivative Instruments	Fair Values of Derivative Instruments 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, 2022. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 1,794,678 Other assets $ 156,414 Interest rate products 1,794,678 Other liabilities (156,414) Interest rate lock commitments with customers 24,673 Other assets 385 Interest rate lock commitments with customers 1,179 Other liabilities (7) Forward sale commitments 9,072 Other assets 75 Forward sale commitments 20,719 Other liabilities (54) FX forwards 4,177 Other assets 38 FX forwards 3,052 Other liabilities (45) Risk participation agreements sold 68,459 Other liabilities (2) Risk participation agreements purchased 87,168 Other assets 81 Financial derivative related to sales of certain Visa Class B shares 113,177 Other liabilities (17,100) Total derivatives $ 3,921,032 $ (16,629) 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, 2021. Fair Values of Derivative Instruments (Dollars in thousands) Notional Balance Sheet Location Derivatives Derivatives not designated as hedging instruments: Interest rate products $ 54,834 Other assets $ 2,625 Interest rate products 54,834 Other liabilities (2,847) Interest rate lock commitments with customers 102,264 Other assets 1,991 Interest rate lock commitments with customers 12,813 Other liabilities (73) Forward sale commitments 63,664 Other assets 537 Forward sale commitments 67,032 Other liabilities (116) Risk participation agreements 4,214 Other liabilities (3) Financial derivative related to sales of certain Visa Class B shares 113,177 Other liabilities (20,252) Total derivatives $ 472,832 $ (18,138)
Schedule of Gain (Loss) on Derivatives	The table below presents the effect of the cash flow hedges on the Consolidated Statements of Income for the year ended December 31, 2020. Amount of Gain Recognized in OCI on Derivative (Effective Portion) Location of Gain Reclassified from Accumulated OCI into Income (Effective Portion) (Dollars in thousands) Year Ended December 31, Derivatives in Cash Flow Hedging Relationships 2020 Interest Rate Products $ 1,560 Interest income Total $ 1,560 The table below presents the effect of the derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2022, 2021 and 2020. Amount of (Loss) or Gain Recognized in Income Location of (Loss) or Gain Recognized in Income (Dollars in thousands) Year Ended December 31, Derivatives Not Designated as a Hedging Instrument 2022 2021 2020 Interest Rate Lock Commitments $ (2,072) $ (6,218) $ 6,490 Mortgage banking activities, net Forward Sale Commitments 4,863 3,263 (12,226) Mortgage banking activities, net Total $ 2,791 $ (2,955) $ (5,736)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Details of Segment Information	The following tables show segment results for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Management Total Statements of Income External customer revenues: Interest income $ 690,780 $ — $ 13,035 $ 703,815 Noninterest income 79,800 55,519 124,815 260,134 Total external customer revenues 770,580 55,519 137,850 963,949 Inter-segment revenues: Interest income 14,348 1,536 46,539 62,423 Noninterest income 27,534 1,610 654 29,798 Total inter-segment revenues 41,882 3,146 47,193 92,221 Total revenue 812,462 58,665 185,043 1,056,170 External customer expenses: Interest expense 37,393 — 3,532 40,925 Noninterest expenses 465,999 36,777 71,550 574,326 Provision for credit losses 47,921 — 168 48,089 Total external customer expenses 551,313 36,777 75,250 663,340 Inter-segment expenses Interest expense 48,075 9,831 4,517 62,423 Noninterest expenses 2,264 4,720 22,814 29,798 Total inter-segment expenses 50,339 14,551 27,331 92,221 Total expenses 601,652 51,328 102,581 755,561 Income before taxes $ 210,810 $ 7,337 $ 82,462 $ 300,609 Income tax provision 77,961 Consolidated net income $ 222,648 Net income attributable to noncontrolling interest 273 Net income attributable to WSFS $ 222,375 Supplemental Information Capital expenditures for the period ended $ 8,793 $ 16 $ — $ 8,809 Year Ended December 31, 2021 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Management Total Statements of Income External customer revenues: Interest income $ 447,542 $ — $ 8,827 $ 456,369 Noninterest income 79,310 42,818 63,352 185,480 Total external customer revenues 526,852 42,818 72,179 641,849 Inter-segment revenues: Interest income 3,460 1,088 12,002 16,550 Noninterest income 15,988 1,240 1,354 18,582 Total inter-segment revenues 19,448 2,328 13,356 35,132 Total revenue 546,300 45,146 85,535 676,981 External customer expenses: Interest expense 22,058 — 662 22,720 Noninterest expenses 328,277 29,465 20,774 378,516 Recovery of credit losses (113,715) — (3,372) (117,087) Total external customer expenses 236,620 29,465 18,064 284,149 Inter-segment expenses Interest expense 13,090 856 2,604 16,550 Noninterest expenses 2,594 4,636 11,352 18,582 Total inter-segment expenses 15,684 5,492 13,956 35,132 Total expenses 252,304 34,957 32,020 319,281 Income before taxes $ 293,996 $ 10,189 $ 53,515 $ 357,700 Income tax provision 86,095 Consolidated net income $ 271,605 Net income attributable to noncontrolling interest 163 Net income attributable to WSFS $ 271,442 Supplemental Information Capital expenditures for the period ended $ 6,344 $ 232 $ — $ 6,576 Year Ended December 31, 2020 (Dollars in thousands) WSFS Bank Cash Connect ® Wealth Management Total Statements of Income External customer revenues: Interest income $ 505,258 $ — $ 9,147 $ 514,405 Noninterest income 110,585 40,899 49,541 201,025 Total external customer revenues 615,843 40,899 58,688 715,430 Inter-segment revenues: Interest income 4,930 851 10,747 16,528 Noninterest income 13,038 835 1,832 15,705 Total inter-segment revenues 17,968 1,686 12,579 32,233 Total revenue 633,811 42,585 71,267 747,663 External customer expenses: Interest expense 46,428 — 2,022 48,450 Noninterest expenses 310,799 28,421 29,624 368,844 Provision for credit losses 149,453 — 3,727 153,180 Total external customer expenses 506,680 28,421 35,373 570,474 Inter-segment expenses Interest expense 11,598 1,580 3,350 16,528 Noninterest expenses 2,667 3,340 9,698 15,705 Total inter-segment expenses 14,265 4,920 13,048 32,233 Total expenses 520,945 33,341 48,421 602,707 Income before taxes $ 112,866 $ 9,244 $ 22,846 $ 144,956 Income tax provision 31,636 Consolidated net income $ 113,320 Net loss attributable to noncontrolling interest (1,454) Net income attributable to WSFS $ 114,774 Supplemental Information Capital expenditures for the period ended $ 6,499 $ 420 $ 240 $ 7,159 The following table shows significant components of segment net assets as of December 31, 2022 and 2021: December 31, 2022 2021 (Dollars in thousands) WSFS Cash Connect ® Wealth Total WSFS Cash Connect ® Wealth Total Cash and cash equivalents $ 317,022 $ 476,850 $ 43,386 $ 837,258 $ 1,039,046 $ 477,806 $ 16,087 $ 1,532,939 Goodwill 753,586 — 130,051 883,637 452,629 — 20,199 472,828 Other segment assets 17,824,946 10,429 358,485 18,193,860 13,481,370 6,785 283,405 13,771,560 Total segment assets $ 18,895,554 $ 487,279 $ 531,922 $ 19,914,755 $ 14,973,045 $ 484,591 $ 319,691 $ 15,777,327

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Statements of Income	Condensed Statements of Income Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Income: Interest income $ 374 $ 357 $ 356 Realized loss on sale of equity investment — (706) — Unrealized gains (losses) on equity investments, net 5,379 5,389 (1,617) Other noninterest income 251,382 4,759 208,762 257,135 9,799 207,501 Expense: Interest expense 11,763 7,771 6,748 Other operating expense 11,489 7,508 2,553 23,252 15,279 9,301 Income (loss) before equity in undistributed income of subsidiaries 233,883 (5,480) 198,200 Equity in undistributed (loss) income of subsidiaries (12,672) 276,208 (84,346) Income before taxes 221,211 270,728 113,854 Income tax benefit (1,164) (714) (920) Net income attributable to WSFS $ 222,375 $ 271,442 $ 114,774
Condensed Statements of Financial Condition	Condensed Statements of Financial Condition December 31, (Dollars in thousands) 2022 2021 Assets: Cash and cash equivalents $ 205,841 $ 103,708 Investment in subsidiaries 2,320,474 2,045,080 Investment in Trusts (1) 2,785 2,011 Other assets 16,944 4,514 Total assets $ 2,546,044 $ 2,155,313 Liabilities: Trust preferred borrowings $ 90,442 $ 67,011 Senior and subordinated debt 248,169 147,939 Accrued interest payable 1,168 298 Other liabilities 1,152 966 Total liabilities 340,931 216,214 Stockholders’ equity: Common stock 759 577 Capital in excess of par value 1,974,210 1,058,997 Accumulated other comprehensive loss (675,844) (37,768) Retained earnings 1,411,243 1,224,614 Treasury stock (505,255) (307,321) Total stockholders’ equity of WSFS 2,205,113 1,939,099 Total liabilities and stockholders’ equity of WSFS $ 2,546,044 $ 2,155,313 (1) Includes WSFS Capital Trust III, Royal Bancshares Capital Trust I, and Royal Bancshares Capital Trust II.
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Operating activities: Net income attributable to WSFS $ 222,375 $ 271,442 $ 114,774 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Equity in undistributed loss (income) of subsidiaries 12,672 (276,208) 84,346 Realized loss on sale of equity investments — 706 — Unrealized (gains) losses on equity investments (5,379) (5,389) 1,617 Decrease (increase) in other assets 2,569 10,910 (4,537) Increase (decrease) in other liabilities 812 (6,690) 7,684 Net cash provided by (used for) operating activities $ 233,049 $ (5,229) $ 203,884 Investing activities: Net cash for business combinations $ 101,734 $ — $ — Net cash provided by investing activities $ 101,734 $ — $ — Financing activities: Issuance of common stock and exercise of common stock options $ 3,179 $ 1,522 $ 2,032 Issuance of senior debt — — 147,780 Redemption of senior debt — (100,000) — Purchase of treasury stock (200,083) (13,268) (155,832) Dividends paid (35,746) (24,242) (24,369) Net cash used for financing activities $ (232,650) $ (135,988) $ (30,389) Increase (decrease) in cash and cash equivalents $ 102,133 $ (141,217) $ 173,495 Cash and cash equivalents at beginning of period 103,708 244,925 71,430 Cash and cash equivalents at end of period $ 205,841 $ 103,708 $ 244,925

CHANGE IN ACCUMULATED OTHER C_2

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (loss)	Changes to accumulated other comprehensive income (loss) by component are shown net of taxes in the following tables for the period indicated: (Dollars in thousands) Net change in investment securities available for sale Net change in investment securities held to maturity Net change in defined benefit plan Net change in fair value of derivatives used for cash flow hedges (1) Net change in Total Balance, December 31, 2019 $ 26,927 $ 468 $ (3,317) $ (577) $ — $ 23,501 Other comprehensive income (loss) before reclassifications 39,853 — (1,445) 1,560 (9) 39,959 Less: Amounts reclassified from accumulated other comprehensive (loss) income (6,898) (192) (26) (337) — (7,453) Net current-period other comprehensive income (loss) 32,955 (192) (1,471) 1,223 (9) 32,506 Balance, December 31, 2020 $ 59,882 $ 276 $ (4,788) $ 646 (9) $ 56,007 Other comprehensive (loss) income before reclassifications (93,503) — 162 — 362 (92,979) Less: Amounts reclassified from accumulated other comprehensive (loss) income (252) (101) (65) (378) — (796) Net current-period other comprehensive (loss) income (93,755) (101) 97 (378) 362 (93,775) Balance, December 31, 2021 $ (33,873) $ 175 $ (4,691) $ 268 $ 353 $ (37,768) Other comprehensive (loss) income before reclassifications (2) (529,660) (119,769) 318 — 213 (648,898) Less: Amounts reclassified from accumulated other comprehensive income (loss) — 11,091 (109) (160) — 10,822 Net current-period other comprehensive (loss) income (529,660) (108,678) 209 (160) 213 (638,076) Balance, December 31, 2022 $ (563,533) $ (108,503) $ (4,482) $ 108 $ 566 $ (675,844) (1) Cash flow hedges were terminated as of April 1, 2020. (2) Includes $119.8 million, net of tax, of unrealized losses on transferred investment securities from available-for-sale to held-to-maturity.
Components of Other Comprehensive Income	Components of other comprehensive income (loss) that impact the Consolidated Statements of Income are presented in the table below. Twelve Months Ended December 31, Affected line item in Consolidated Statements of Income (Dollars in thousands) 2022 2021 2020 Securities available-for-sale: Realized gains on securities transactions $ — $ (331) $ (9,076) Securities gains, net Income taxes — 79 2,178 Income tax provision Net of tax $ — $ (252) $ (6,898) 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 $ 14,593 $ (133) $ (251) Interest and dividends on investment securities Income taxes (3,502) 32 59 Income tax provision Net of tax $ 11,091 $ (101) $ (192) Amortization of defined benefit pension plan-related items: Prior service (credits) costs $ (76) $ (85) $ (266) Actuarial gains (68) — (47) Total before tax $ (144) $ (85) $ (313) Salaries, benefits and other compensation Income taxes 35 20 75 Income tax provision Net of tax $ (109) $ (65) $ (238) 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 $ (211) $ (497) $ (444) Interest and fees on loans and leases Income taxes 51 119 107 Income tax provision Net of tax $ (160) $ (378) $ (337) Total reclassifications $ 10,822 $ (796) $ (7,453)

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) $ in Thousands	Dec. 31, 2022 USD ($) subsidiary office	Apr. 29, 2022 USD ($)	Dec. 31, 2021 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of unconsolidated subsidiary | subsidiary	3
Number of majority-owned subsidiary | subsidiary	1
Net loans and leases | $	$ 11,759,992		$ 7,791,482
Number of office locations	119
Pennsylvania
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of office locations	61
Delaware
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of office locations	39
New Jersey
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of office locations	17
Virginia
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of office locations	1
Nevada
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of office locations	1
KCMI
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Net loans and leases | $		$ 55,500
WSFS Financial Corporation
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of wholly-owned subsidiaries | subsidiary	2

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2022
Computer Equipment
Accounting Policies [Line Items]
Useful life	3 years
Furniture and equipment
Accounting Policies [Line Items]
Useful life	5 years
Building Renovations
Accounting Policies [Line Items]
Useful life	10 years

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) $ / shares in Units, $ in Thousands		3 Months Ended	12 Months Ended
	Jan. 01, 2022 USD ($) $ / shares shares	Mar. 31, 2022 bank	Dec. 31, 2022 USD ($)	Dec. 31, 2021 $ / shares
Business Acquisition [Line Items]
Each share of BMBC common stock was exchanged for shares of WSFS common stock (in dollars per share) | $ / shares	$ 0.90
Initial allowance on acquired PCD loans			$ 26,103
BMBC
Business Acquisition [Line Items]
Number of retail banking offices | bank		22
WSFS Bank
Business Acquisition [Line Items]
Number of retail banking offices | bank		12
Trust preferred borrowings
Business Acquisition [Line Items]
Debt discount	$ 2,500
Subordinated Debt
Business Acquisition [Line Items]
Debt premium	$ 700
BMBC
Business Acquisition [Line Items]
Percentage of outstanding common stock acquired (in percent)	100%
Value of consideration	$ 908,032
Number of common stock acquired (in shares) | shares	19,903,230
Share price (in dollars per share) | $ / shares				$ 50.12
Remeasurement period	1 year
Investment securities	$ 500,400
Fair values as of the acquisition date	3,500,000
Initial allowance on acquired PCD loans			49,600
Initial allowance on acquired PCD loans			26,100
Loans purchased with no credit deterioration			23,500
Deferred income taxes	6,563
Intangible assets	73,065
Intangible assets acquired	56,100
BMBC | Other assets
Business Acquisition [Line Items]
Property and equipment classified as held for sale.			$ 7,500
BMBC | Core deposits
Business Acquisition [Line Items]
Intangible assets	$ 10,900
Useful life	10 years
BMBC | Customer relationships
Business Acquisition [Line Items]
Intangible assets acquired	$ 53,000
BMBC | Trade Names
Business Acquisition [Line Items]
Intangible assets acquired	2,900
BMBC | Non-compete agreements
Business Acquisition [Line Items]
Intangible assets acquired	$ 200
BMBC | Restricted Stock
Business Acquisition [Line Items]
Vested of restricted stock awards (in shares) | shares	226,643

BUSINESS COMBINATIONS - Assets

BUSINESS COMBINATIONS - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liabilities assumed:
Goodwill		$ 883,637	$ 472,828	$ 472,828
BMBC
Business Acquisition [Line Items]
Common shares issued (18,116,848)	$ 908,016
Cash paid to BMBC stock and option holders	16
Value of consideration	908,032
Assets acquired:
Cash and due from banks	573,761
Investment securities	500,400
Loans and leases, net	3,456,748
Premises and equipment	44,842
Deferred income taxes	6,563
Bank owned life insurance	67,525
Intangible assets	73,065
Other assets	153,592
Total assets	4,876,496
Liabilities assumed:
Deposits	4,110,122
Other borrowings	145,512
Other liabilities	124,552
Noncontrolling interest	(913)
Total liabilities and noncontrolling interest	4,379,273
Net assets acquired:	497,223
Goodwill	$ 410,809	$ 410,809	$ 414,337
Common stock shares issued (in shares)	18,116,848

BUSINESS COMBINATIONS - Changes

BUSINESS COMBINATIONS - Changes to Goodwill Subsequent to Acquisition (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Goodwill, beginning balance	$ 472,828
Goodwill, ending balance	883,637
BMBC
Business Acquisition [Line Items]
Goodwill, beginning balance	414,337
Effect of sale of BMTIA business	(8,101)
Goodwill, ending balance	410,809
BMBC | Deferred income taxes
Business Acquisition [Line Items]
Goodwill adjustments	1,870
BMBC | Intangibles
Business Acquisition [Line Items]
Goodwill adjustments	1,500
BMBC | Deposits
Business Acquisition [Line Items]
Goodwill adjustments	(149)
BMBC | Other liabilities
Business Acquisition [Line Items]
Goodwill adjustments	$ 1,352

BUSINESS COMBINATIONS - Fair Va

BUSINESS COMBINATIONS - Fair Value and Unpaid Principal Balance (Details) - BMBC $ in Thousands	Jan. 01, 2022 USD ($)
Business Acquisition [Line Items]
Book Balance	$ 3,514,735
Fair Value	3,456,748
Commercial | Commercial and industrial
Business Acquisition [Line Items]
Book Balance	613,197
Fair Value	586,643
Commercial | Owner-occupied commercial
Business Acquisition [Line Items]
Book Balance	513,267
Fair Value	503,182
Commercial | Commercial mortgages
Business Acquisition [Line Items]
Book Balance	1,564,234
Fair Value	1,549,515
Commercial | Construction
Business Acquisition [Line Items]
Book Balance	209,928
Fair Value	208,288
Commercial | Commercial small business leases
Business Acquisition [Line Items]
Book Balance	125,770
Fair Value	119,119
Residential
Business Acquisition [Line Items]
Book Balance	310,092
Fair Value	315,454
Consumer
Business Acquisition [Line Items]
Book Balance	178,247
Fair Value	$ 174,547

BUSINESS COMBINATIONS - Carryin

BUSINESS COMBINATIONS - Carrying Amount of Loans (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2022	Dec. 31, 2020
Business Acquisition [Line Items]
Total purchase credit deteriorated (PCD) loans acquired		$ 100
BMBC
Business Acquisition [Line Items]
Book balance of loans at acquisition	$ 235,791
Allowance for credit losses at acquisition	(26,103)
Non-credit related discount	(1,421)
Total purchase credit deteriorated (PCD) loans acquired	$ 208,267

BUSINESS COMBINATIONS - Corpora

BUSINESS COMBINATIONS - Corporate Development and Restructuring Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Salaries, benefits and other compensation	$ 283,905	$ 214,167	$ 194,317
Occupancy expense	40,885	32,802	32,105
Equipment expense	40,994	29,040	23,793
Professional fees	18,497	15,614	18,757
Data processing and operations expenses	20,876	14,074	12,600
Marketing expense	7,230	5,413	5,677
Total non interest expenses	574,326	$ 378,516	$ 368,844
BMBC
Business Acquisition [Line Items]
Salaries, benefits and other compensation	12,541
Occupancy expense	9,356
Equipment expense	20,950
Professional fees	13,025
Data processing and operations expenses	121
Marketing expense	3,133
Other operating expense, net	6,097
Total non interest expenses	$ 65,223

BUSINESS COMBINATIONS - Pro For

BUSINESS COMBINATIONS - Pro Forma Information (Details) - BMBC $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares
Business Acquisition [Line Items]
Net interest income	$ 567,183
(Recovery of) provision for credit losses	(115,212)
Net interest income after provision for credit losses	682,395
Total noninterest income	271,576
Total noninterest expenses	556,524
Income before income taxes	397,447
Income tax provision	100,009
Net income	$ 297,438
Per share data:
Weighted-average basic shares outstanding (in shares) | shares	65,445,251
Dilutive shares (in shares) | shares	332,765
Adjusted weighted-average diluted shares (in shares) | shares	65,778,016
Basic earnings per common share (in dollars per share) | $ / shares	$ 4.54
Diluted earnings per common share (in dollars per share) | $ / shares	$ 4.52

NONINTEREST INCOME - Credit_Deb

NONINTEREST INCOME - Credit/Debit Card and ATM Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total credit/debit card and ATM income
Revenue from External Customer [Line Items]
Noninterest income	$ 40,088	$ 29,479	$ 35,014
Bailment fees
Revenue from External Customer [Line Items]
Noninterest income	21,173	12,940	14,615
Interchange fees
Revenue from External Customer [Line Items]
Noninterest income	15,506	13,520	17,747
Other card and ATM fees
Revenue from External Customer [Line Items]
Noninterest income	$ 3,409	$ 3,019	$ 2,652

NONINTEREST INCOME - Investment

NONINTEREST INCOME - Investment Management and Fiduciary Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total investment management and fiduciary income
Revenue from External Customer [Line Items]
Noninterest income	$ 121,608	$ 62,348	$ 48,979
Trust fees
Revenue from External Customer [Line Items]
Noninterest income	79,472	43,725	33,288
Wealth management and advisory fees
Revenue from External Customer [Line Items]
Noninterest income	$ 42,136	$ 18,623	$ 15,691

NONINTEREST INCOME - Deposit Se

NONINTEREST INCOME - Deposit Service Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total deposit service charges
Revenue from External Customer [Line Items]
Noninterest income	$ 24,484	$ 22,090	$ 19,999
Service fees
Revenue from External Customer [Line Items]
Noninterest income	16,019	14,220	12,725
Return and overdraft fees
Revenue from External Customer [Line Items]
Noninterest income	7,651	6,789	6,819
Other deposit service fees
Revenue from External Customer [Line Items]
Noninterest income	$ 814	$ 1,081	$ 455

NONINTEREST INCOME - Other Inco

NONINTEREST INCOME - Other Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total other income
Revenue from External Customer [Line Items]
Noninterest income	$ 52,624	$ 34,797	$ 29,145
Managed service fees
Revenue from External Customer [Line Items]
Noninterest income	17,991	16,425	15,448
Currency preparation
Revenue from External Customer [Line Items]
Noninterest income	4,120	4,064	3,854
ATM loss protection
Revenue from External Customer [Line Items]
Noninterest income	2,627	2,522	2,401
Capital markets revenue
Revenue from External Customer [Line Items]
Noninterest income	7,859	0	0
Miscellaneous products and services
Revenue from External Customer [Line Items]
Noninterest income	$ 20,027	$ 11,786	$ 7,442

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income attributable to WSFS	$ 222,375	$ 271,442	$ 114,774
Denominator:
Weighted average basic shares (in shares)	63,453	47,539	50,510
Dilutive potential common shares (in shares)	206	164	37
Weighted average fully diluted shares (in shares)	63,659	47,703	50,547
Earnings per share:
Basic (in dollars per share)	$ 3.50	$ 5.71	$ 2.27
Diluted (in dollars per share)	$ 3.49	$ 5.69	$ 2.27
Outstanding common stock equivalents having no dilutive effect (in shares)	9	1	12

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Gain (Loss) on Securities [Line Items]
Trading securities		$ 0
Number of available for sale investment securities | security		958
Number of available-for-sale securities unrealized loss position | security		955
Weighted average duration of MBS portfolio		5 years 10 months 24 days
Securities transferred to held-to-maturity from available-for-sale at fair value		$ 931,421,000	$ 0	$ 0
Securities pledged as collateral		2,800,000,000	2,200,000,000
Sale of investment securities available-for-sale		0	14,051,000	305,812,000
Gain on sale of investment securities available for sale			300,000	9,100,000
Losses from sale of available-for-sale securities			0	$ 0
Unamortized premiums		66,600,000	69,400,000
Unaccreted discounts		25,200,000	12,700,000
Owned investment securities		4,100,000,000
Total unrealized losses on securities		741,500,000
Allowance for credit losses		0	0
Held-to-maturity debt securities with an amortized cost basis		1,100,000,000	90,600,000
Accrued interest		2,400,000	900,000
Debt securities nonaccrual		0	0
Fannie Mae (FNMA) mortgage-backed securities (MBS)
Gain (Loss) on Securities [Line Items]
Securities transferred to held-to-maturity from available-for-sale, book value	$ 1,100,000,000	1,100,000,000
Securities transferred to held-to-maturity from available-for-sale at fair value	931,400,000
Available for sale securities transfers to held to maturity unrealized (losses) gains	$ 157,600,000
Allowance for credit losses		0	0
Past Due
Gain (Loss) on Securities [Line Items]
Past due held-to-maturity debt securities		$ 0	$ 0

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Amortized Cost and Estimated Fair Value of Available-for-Sale and Held-to-Maturity Investment Securities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Available-for-Sale Debt Securities
Amortized Cost	$ 4,834,550,000	$ 5,249,882,000
Gross Unrealized Gain	0	34,626,000
Gross Unrealized Loss	741,490,000	79,197,000
Allowance for Credit Losses	0	0
Fair Value	4,093,060,000	5,205,311,000
Held-to-Maturity Debt Securities
Investment securities, held to maturity, net	1,111,629,000	90,646,000
Gross Unrealized Gain	534,000	3,489,000
Gross Unrealized Loss	72,049,000	0
Allowance for Credit Losses	10,000	4,000
Fair Value	1,040,104,000	94,131,000
Available for sale securities transfers to held to maturity unrealized gains	(142,800,000)
Collateralized mortgage obligation (CMO)
Available-for-Sale Debt Securities
Amortized Cost	608,834,000	586,830,000
Gross Unrealized Gain	0	3,569,000
Gross Unrealized Loss	102,454,000	14,633,000
Allowance for Credit Losses	0	0
Fair Value	506,380,000	575,766,000
Fannie Mae (FNMA) mortgage-backed securities (MBS)
Available-for-Sale Debt Securities
Amortized Cost	3,823,036,000	4,275,307,000
Gross Unrealized Gain	0	24,170,000
Gross Unrealized Loss	572,778,000	53,793,000
Allowance for Credit Losses	0	0
Fair Value	3,250,258,000	4,245,684,000
Held-to-Maturity Debt Securities
Investment securities, held to maturity, net	909,498,000
Gross Unrealized Gain	0
Gross Unrealized Loss	68,677,000
Allowance for Credit Losses	0
Fair Value	840,821,000
Freddie Mac (FHLMC) MBS
Available-for-Sale Debt Securities
Amortized Cost	135,554,000	139,708,000
Gross Unrealized Gain	0	6,336,000
Gross Unrealized Loss	13,555,000	516,000
Allowance for Credit Losses	0	0
Fair Value	121,999,000	145,528,000
Ginnie Mae (GNMA) MBS
Available-for-Sale Debt Securities
Amortized Cost	39,116,000	17,456,000
Gross Unrealized Gain	0	551,000
Gross Unrealized Loss	2,978,000	71,000
Allowance for Credit Losses	0	0
Fair Value	36,138,000	17,936,000
Government-sponsored enterprises (GSE) agency notes
Available-for-Sale Debt Securities
Amortized Cost	228,010,000	230,581,000
Gross Unrealized Gain	0	0
Gross Unrealized Loss	49,725,000	10,184,000
Allowance for Credit Losses	0	0
Fair Value	178,285,000	220,397,000
State and political subdivisions
Held-to-Maturity Debt Securities
Investment securities, held to maturity, net	201,631,000	90,146,000
Gross Unrealized Gain	532,000	3,489,000
Gross Unrealized Loss	3,372,000	0
Allowance for Credit Losses	10,000	4,000	$ 6,000
Fair Value	198,781,000	93,631,000
Available for sale securities transfers to held to maturity unrealized gains		200,000
Foreign bonds
Held-to-Maturity Debt Securities
Investment securities, held to maturity, net	500,000	500,000
Gross Unrealized Gain	2,000	0
Gross Unrealized Loss	0	0
Allowance for Credit Losses	0	0
Fair Value	$ 502,000	$ 500,000

INVESTMENT SECURITIES - Sched_2

INVESTMENT SECURITIES - Schedule of Maturities of Investment Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Available for Sale Amortized Cost
Within one year	$ 0	$ 0
After one year but within five years	83,014	103,960
After five years but within ten years	465,777	204,186
After ten years	4,285,759	4,941,736
Amortized Cost	4,834,550	5,249,882
Available for Sale Fair Value
Within one year	0	0
After one year but within five years	77,499	107,009
After five years but within ten years	398,607	204,289
After ten years	3,616,954	4,894,013
Fair Value	4,093,060	5,205,311
Held to Maturity, Amortized Cost
Within one year	731	232
After one year but within five years	9,530	2,675
After five years but within ten years	46,170	44,137
After ten years	1,055,198	43,602
Amortized Cost	1,111,629	90,646
Held to Maturity, Fair Value
Within one year	732	234
After one year but within five years	9,476	2,736
After five years but within ten years	45,944	45,404
After ten years	983,952	45,757
Fair Value	$ 1,040,104	$ 94,131

INVESTMENT SECURITIES - Sched_3

INVESTMENT SECURITIES - Schedule of Investment Securities' Gross Unrealized Losses and Fair Value by Investment Category (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	$ 1,530,406	$ 3,510,536
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	171,140	56,088
Available-for-sale debt securities, 12 months or longer, Fair Value	2,562,615	550,108
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	570,350	23,109
Available-for-sale debt securities, Total, Fair Value	4,093,021	4,060,644
Available-for-sale debt securities, Total, Unrealized Loss	741,490	79,197
CMO
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	158,449	411,347
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	13,855	12,730
Available-for-sale debt securities, 12 months or longer, Fair Value	347,931	35,638
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	88,599	1,903
Available-for-sale debt securities, Total, Fair Value	506,380	446,985
Available-for-sale debt securities, Total, Unrealized Loss	102,454	14,633
FNMA MBS
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	1,237,560	3,018,606
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	145,752	41,021
Available-for-sale debt securities, 12 months or longer, Fair Value	2,012,698	356,665
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	427,026	12,772
Available-for-sale debt securities, Total, Fair Value	3,250,258	3,375,271
Available-for-sale debt securities, Total, Unrealized Loss	572,778	53,793
FHLMC MBS
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	102,321	11,227
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	9,268	348
Available-for-sale debt securities, 12 months or longer, Fair Value	19,671	1,917
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	4,287	168
Available-for-sale debt securities, Total, Fair Value	121,992	13,144
Available-for-sale debt securities, Total, Unrealized Loss	13,555	516
GNMA MBS
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	32,076	4,847
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	2,265	71
Available-for-sale debt securities, 12 months or longer, Fair Value	4,030	0
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	713	0
Available-for-sale debt securities, Total, Fair Value	36,106	4,847
Available-for-sale debt securities, Total, Unrealized Loss	2,978	71
GSE agency notes
Available-for-sale debt securities:
Available-for-sale debt securities, Less than 12 months, Fair Value	0	64,509
Available-for-sale debt securities, Less than 12 months, Unrealized Loss	0	1,918
Available-for-sale debt securities, 12 months or longer, Fair Value	178,285	155,888
Available-for-sale debt securities, 12 months or longer, Unrealized Loss	49,725	8,266
Available-for-sale debt securities, Total, Fair Value	178,285	220,397
Available-for-sale debt securities, Total, Unrealized Loss	$ 49,725	$ 10,184

INVESTMENT SECURITIES_ - Schedu

INVESTMENT SECURITIES  - Schedule of Held To Maturity Credit Quality Indicator (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	$ 1,111,629	$ 90,646
FNMA MBS
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	909,498
FNMA MBS | A+ rated or higher
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	0
FNMA MBS | Not rated
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	909,498
State and political subdivisions
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	201,631	90,146
State and political subdivisions | A+ rated or higher
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	201,631	90,146
State and political subdivisions | Not rated
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	0	0
Foreign bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	500	500
Foreign bonds | A+ rated or higher
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	500	500
Foreign bonds | Not rated
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Investment securities, held to maturity, net	$ 0	$ 0

INVESTMENT SECURITIES - Sched_4

INVESTMENT SECURITIES - Schedule of Held-to-maturity, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for credit losses:
Beginning balance	$ 4
Ending balance	10	$ 4
State and political subdivisions
Allowance for credit losses:
Beginning balance	4	6
Provision for credit losses	6	(2)
Ending balance	$ 10	$ 4

INVESTMENT SECURITIES - Equity

INVESTMENT SECURITIES - Equity Investments (Details) - USD ($) $ in Millions	1 Months Ended		12 Months Ended
	Jul. 31, 2021	Jun. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investment Holdings [Line Items]
Fair Value			$ 26.1	$ 10.5
Total realized and unrealized gains on sale of equity investments				$ 4.4	$ 22.8
Cred.ai
Investment Holdings [Line Items]
Total realized and unrealized gains on sale of equity investments			$ 6
Visa Class B shares
Investment Holdings [Line Items]
Realized (loss) gain	$ (0.7)	$ 22.1

LOANS AND LEASES - Summary of L

LOANS AND LEASES - Summary of Loan Portfolio by Category (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ 151,861	$ 94,507	$ 228,804	$ 47,576
Net loans and leases	11,759,992	7,791,482
Reverse mortgage, fair value	2,400	3,900	10,100
Financing Receivable Portfolio Segment, Including Reverse Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	11,911,853	7,885,989
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	761,882	546,667
Allowance for credit losses	4,668	3,352	6,893	1,381
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,810,930	1,158,573
Allowance for credit losses	53,320	23,088	18,160	7,387
Commercial and industrial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,575,345	1,918,043
Allowance for credit losses	59,394	49,967	150,875	22,849
Owner-occupied commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,809,582	1,341,707
Allowance for credit losses	6,019	4,574	9,615	4,616
Commercial mortgages | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,351,084	1,881,510
Allowance for credit losses	21,473	11,623	31,071	7,452
Construction | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,044,049	687,213
Allowance for credit losses	6,987	1,903	$ 12,190	$ 3,891
Commercial small business leases | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	558,981	352,276
Paycheck Protection Program, CARES Act | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 3,800	$ 31,500

LOANS AND LEASES - Narrative (D

LOANS AND LEASES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Loans Receivable
Loans [Line Items]
Accrued interest receivable on loans and leases	$ 59.3	$ 31.6

ALLOWANCE FOR CREDIT LOSSES A_3

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) security_loan	Dec. 31, 2021 USD ($) security_loan	Dec. 31, 2020 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initial allowance on acquired PCD loans	$ 26,103
Interest income on impaired loans	1,000	$ 800	$ 800
Loan workout and other credit costs	702	663	6,899
Troubled debt restructuring related reserves	600	$ 200
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initial allowance on acquired PCD loans	$ 61
Number of loans in the process of foreclosure | security_loan	45	28
Total loans outstanding, residential loans	$ 6,700	$ 2,500
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans in the process of foreclosure | security_loan	8	9
Total loans outstanding, residential loans	$ 1,600	$ 3,200
Residential and Consumer Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan workout and other credit costs	$ 400	$ 1,500	$ 3,200
Impairment loans, charge off period	90 days
BMBC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initial allowance on acquired PCD loans	$ 49,600
Loans purchased with no credit deterioration	23,500
Initial allowance on acquired PCD loans	$ 26,100

ALLOWANCE FOR CREDIT LOSSES A_4

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Schedule of Allowance for Loan Losses and Loan Balances (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for credit losses
Beginning balance	$ 94,507	$ 94,507	$ 228,804	$ 47,576
Initial allowance on acquired PCD loans		26,103
Charge-offs		(27,470)	(28,315)	(13,521)
Recoveries		10,638	11,105	5,714
(Credit) provision		48,083	(117,087)	153,180
Ending balance		151,861	94,507	228,804
Loans evaluated on an individual basis		2,428	8	14
Loans evaluated on a collective basis		149,433	94,499	228,790
Loans evaluated on an individual basis		40,740	21,138	49,224
Loans evaluated on a collective basis		11,868,696	7,860,917	8,965,453
Ending balance		11,909,436	7,882,055	9,014,677
Reverse mortgage, fair value		2,400	3,900	10,100
Total purchase credit deteriorated (PCD) loans acquired				100
BMBC
Allowance for credit losses
Initial allowance on acquired PCD loans		26,100
Loans purchased with no credit deterioration		23,500
Total purchase credit deteriorated (PCD) loans acquired	208,267
Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				35,855
Commercial | Commercial and industrial
Allowance for credit losses
Beginning balance	49,967	49,967	150,875	22,849
Initial allowance on acquired PCD loans		22,614
Charge-offs		(19,004)	(23,592)	(10,388)
Recoveries		6,112	8,756	4,255
(Credit) provision		(295)	(86,072)	114,412
Ending balance		59,394	49,967	150,875
Loans evaluated on an individual basis		2,428	1	1
Loans evaluated on a collective basis		56,966	49,966	150,874
Loans evaluated on an individual basis		17,572	8,363	14,048
Loans evaluated on a collective basis		3,116,754	2,261,956	2,935,255
Ending balance		3,134,326	2,270,319	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	4,574	4,574	9,615	4,616
Initial allowance on acquired PCD loans		595
Charge-offs		(179)	(83)	(336)
Recoveries		278	160	142
(Credit) provision		751	(5,118)	6,665
Ending balance		6,019	4,574	9,615
Loans evaluated on an individual basis		0	0	0
Loans evaluated on a collective basis		6,019	4,574	9,615
Loans evaluated on an individual basis		1,929	1,690	6,496
Loans evaluated on a collective basis		1,807,653	1,340,017	1,326,231
Ending balance		1,809,582	1,341,707	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	11,623	11,623	31,071	7,452
Initial allowance on acquired PCD loans		2,684
Charge-offs		(581)	(73)	(104)
Recoveries		223	269	158
(Credit) provision		7,524	(19,644)	21,903
Ending balance		21,473	11,623	31,071
Loans evaluated on an individual basis		0	7	13
Loans evaluated on a collective basis		21,473	11,616	31,058
Loans evaluated on an individual basis		6,369	3,764	20,309
Loans evaluated on a collective basis		3,344,715	1,877,746	2,065,753
Ending balance		3,351,084	1,881,510	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	1,903	1,903	12,190	3,891
Initial allowance on acquired PCD loans		71
Charge-offs		0	(2,473)	0
Recoveries		2,567	0	36
(Credit) provision		2,446	(7,814)	7,582
Ending balance		6,987	1,903	12,190
Loans evaluated on an individual basis		0	0	0
Loans evaluated on a collective basis		6,987	1,903	12,190
Loans evaluated on an individual basis		5,143	0	79
Loans evaluated on a collective basis		1,038,906	687,213	716,196
Ending balance		1,044,049	687,213	716,275
Commercial | Construction | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				681
Residential
Allowance for credit losses
Beginning balance	3,352	3,352	6,893	1,381
Initial allowance on acquired PCD loans		61
Charge-offs		(186)	0	(229)
Recoveries		665	789	230
(Credit) provision		776	(4,330)	(2,011)
Ending balance		4,668	3,352	6,893
Loans evaluated on an individual basis		0	0	0
Loans evaluated on a collective basis		4,668	3,352	6,893
Loans evaluated on an individual basis		7,680	5,000	5,921
Loans evaluated on a collective basis		751,785	537,733	758,472
Ending balance		759,465	542,733	764,393
Residential | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				7,522
Consumer
Allowance for credit losses
Beginning balance	$ 23,088	23,088	18,160	7,387
Initial allowance on acquired PCD loans		78
Charge-offs		(7,520)	(2,094)	(2,464)
Recoveries		793	1,131	893
(Credit) provision		36,881	5,891	4,629
Ending balance		53,320	23,088	18,160
Loans evaluated on an individual basis		0	0	0
Loans evaluated on a collective basis		53,320	23,088	18,160
Loans evaluated on an individual basis		2,047	2,321	2,371
Loans evaluated on a collective basis		1,808,883	1,156,252	1,163,546
Ending balance		$ 1,810,930	$ 1,158,573	1,165,917
Consumer | Impact of adoption ASC 326
Allowance for credit losses
Beginning balance				$ 7,715

ALLOWANCE FOR CREDIT LOSSES A_5

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Summary of Nonaccrual and Past Due Loans (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 11,909,436,000	$ 7,882,055,000	$ 9,014,677,000
Nonaccrual Loans	$ 22,802,000	$ 16,609,000
Percent past due	0.40%	0.50%
Percent of accruing current balances	99.41%	99.29%
Percent of nonaccrual loans	0.19%	0.21%
% of Total Loans	100%	100%
Reverse mortgage, fair value	$ 2,400,000	$ 3,900,000	10,100,000
Nonaccrual with an allowance (prior year less than)	0	100,000
30–89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 31,230,000	$ 29,289,000
Percent past due	0.26%	0.37%
Greater Than 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 16,535,000	$ 9,991,000
Percent past due	0.14%	0.13%
Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 47,765,000	$ 39,280,000
Accruing Current Balances
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	11,838,869,000	7,826,166,000
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	759,465,000	542,733,000	764,393,000
Nonaccrual Loans	3,199,000	3,125,000
Residential | 30–89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	2,563,000	1,856,000
Residential | Greater Than 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	0	0
Residential | Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	2,563,000	1,856,000
Residential | Accruing Current Balances
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	753,703,000	537,752,000
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,810,930,000	1,158,573,000	1,165,917,000
Nonaccrual Loans	2,145,000	2,380,000
Consumer | 30–89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	12,263,000	10,227,000
Consumer | Greater Than 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	15,513,000	8,634,000
Consumer | Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	27,776,000	18,861,000
Consumer | Accruing Current Balances
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,781,009,000	1,137,332,000
Commercial and industrial | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,134,326,000	2,270,319,000	2,949,303,000
Nonaccrual Loans	6,770,000	8,211,000
Commercial and industrial | Commercial | 30–89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	10,767,000	5,007,000
Commercial and industrial | Commercial | Greater Than 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	311,000	547,000
Commercial and industrial | Commercial | Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	11,078,000	5,554,000
Commercial and industrial | Commercial | Accruing Current Balances
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,116,478,000	2,256,554,000
Owner-occupied commercial | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,809,582,000	1,341,707,000	1,332,727,000
Nonaccrual Loans	386,000	811,000
Owner-occupied commercial | Commercial | 30–89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,500,000	741,000
Owner-occupied commercial | Commercial | Greater Than 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	474,000	0
Owner-occupied commercial | Commercial | Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,974,000	741,000
Owner-occupied commercial | Commercial | Accruing Current Balances
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,805,222,000	1,340,155,000
Commercial mortgages | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,351,084,000	1,881,510,000	2,086,062,000
Nonaccrual Loans	5,159,000	2,070,000
Commercial mortgages | Commercial | 30–89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	2,137,000	3,525,000
Commercial mortgages | Commercial | Greater Than 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	237,000	810,000
Commercial mortgages | Commercial | Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	2,374,000	4,335,000
Commercial mortgages | Commercial | Accruing Current Balances
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,343,551,000	1,875,105,000
Construction | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,044,049,000	687,213,000	$ 716,275,000
Nonaccrual Loans	5,143,000	12,000
Construction | Commercial | 30–89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	0	7,933,000
Construction | Commercial | Greater Than 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	0	0
Construction | Commercial | Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	0	7,933,000
Construction | Commercial | Accruing Current Balances
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,038,906,000	679,268,000
Student loans | Consumer | Total Past Due And Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 21,100,000	$ 17,000,000

ALLOWANCE FOR CREDIT LOSSES A_6

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Analysis of Collateral Dependent and Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	$ 19,880	$ 12,597
Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	2,922	4,012
Commercial | Commercial and industrial | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	3,848	4,199
Commercial | Commercial and industrial | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	2,922	4,012
Commercial | Owner-occupied commercial | Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	386	811
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	5,159	2,070
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	5,143	12
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	3,199	3,125
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	2,145	2,380
Consumer | Equipment and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis of nonaccruing collateral-dependent loans	$ 0	$ 0

ALLOWANCE FOR CREDIT LOSSES A_7

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 11,909,436	$ 7,882,055	$ 9,014,677
Commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	1,184,837	605,339
Year two, originated, fiscal year before current fiscal year	545,612	436,055
Year three, originated, two years before current fiscal year	401,753	386,061
Year four, originated, three years before current fiscal year	258,295	303,448
Year five, originated, four years before current fiscal year	191,193	159,343
Prior	284,366	171,029
Revolving loans amortized cost basis	8,099	5,580
Revolving loans converted to term	260,171	203,464
Total Loans	3,134,326	2,270,319	2,949,303
Gross loans	2,575,345	1,918,043
Commercial | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	1,123,803	556,896
Year two, originated, fiscal year before current fiscal year	501,761	420,698
Year three, originated, two years before current fiscal year	387,225	329,354
Year four, originated, three years before current fiscal year	211,310	273,345
Year five, originated, four years before current fiscal year	153,713	139,800
Prior	276,588	148,809
Revolving loans amortized cost basis	8,099	5,551
Revolving loans converted to term	250,486	176,006
Total Loans	2,912,985	2,050,459
Commercial | Commercial and industrial | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	28,672	35,910
Year two, originated, fiscal year before current fiscal year	27,689	949
Year three, originated, two years before current fiscal year	7,585	3,052
Year four, originated, three years before current fiscal year	9,451	1,057
Year five, originated, four years before current fiscal year	347	429
Prior	1,010	15,299
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	2,596	17,545
Total Loans	77,350	74,241
Commercial | Commercial and industrial | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	32,362	12,533
Year two, originated, fiscal year before current fiscal year	16,162	14,408
Year three, originated, two years before current fiscal year	6,943	53,655
Year four, originated, three years before current fiscal year	37,534	29,046
Year five, originated, four years before current fiscal year	37,133	19,114
Prior	6,768	6,921
Revolving loans amortized cost basis	0	29
Revolving loans converted to term	7,089	9,913
Total Loans	143,991	145,619
Commercial | Owner-occupied commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	301,255	309,286
Year two, originated, fiscal year before current fiscal year	326,888	208,223
Year three, originated, two years before current fiscal year	281,461	179,202
Year four, originated, three years before current fiscal year	231,118	77,835
Year five, originated, four years before current fiscal year	118,254	142,277
Prior	400,897	280,687
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	149,709	144,197
Total Loans	1,809,582	1,341,707	1,332,727
Gross loans	1,809,582	1,341,707
Commercial | Owner-occupied commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	280,898	305,156
Year two, originated, fiscal year before current fiscal year	325,388	189,128
Year three, originated, two years before current fiscal year	258,177	172,503
Year four, originated, three years before current fiscal year	226,717	67,526
Year five, originated, four years before current fiscal year	106,390	136,697
Prior	363,420	262,629
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	132,942	128,188
Total Loans	1,693,932	1,261,827
Commercial | Owner-occupied commercial | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	17,376	938
Year two, originated, fiscal year before current fiscal year	0	5,359
Year three, originated, two years before current fiscal year	0	2,561
Year four, originated, three years before current fiscal year	0	891
Year five, originated, four years before current fiscal year	0	0
Prior	2,166	7,019
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	3,351	10,543
Total Loans	22,893	27,311
Commercial | Owner-occupied commercial | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	2,981	3,192
Year two, originated, fiscal year before current fiscal year	1,500	13,736
Year three, originated, two years before current fiscal year	23,284	4,138
Year four, originated, three years before current fiscal year	4,401	9,418
Year five, originated, four years before current fiscal year	11,864	5,580
Prior	35,311	11,039
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	13,416	5,466
Total Loans	92,757	52,569
Commercial | Commercial mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	520,094	418,587
Year two, originated, fiscal year before current fiscal year	601,511	286,698
Year three, originated, two years before current fiscal year	542,712	221,100
Year four, originated, three years before current fiscal year	558,818	137,452
Year five, originated, four years before current fiscal year	289,583	243,705
Prior	627,247	383,997
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	211,119	189,971
Total Loans	3,351,084	1,881,510	2,086,062
Gross loans	3,351,084	1,881,510
Commercial | Commercial mortgages | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	516,783	416,149
Year two, originated, fiscal year before current fiscal year	600,226	280,889
Year three, originated, two years before current fiscal year	526,312	217,311
Year four, originated, three years before current fiscal year	549,788	134,477
Year five, originated, four years before current fiscal year	276,414	229,863
Prior	594,024	368,527
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	210,550	187,396
Total Loans	3,274,097	1,834,612
Commercial | Commercial mortgages | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	1,450	0
Year two, originated, fiscal year before current fiscal year	75	4,185
Year three, originated, two years before current fiscal year	3,848	0
Year four, originated, three years before current fiscal year	6,121	861
Year five, originated, four years before current fiscal year	9,596	11,588
Prior	32,014	1,385
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	2,097
Total Loans	53,104	20,116
Commercial | Commercial mortgages | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	1,861	2,438
Year two, originated, fiscal year before current fiscal year	1,210	1,624
Year three, originated, two years before current fiscal year	12,552	3,789
Year four, originated, three years before current fiscal year	2,909	2,114
Year five, originated, four years before current fiscal year	3,573	2,254
Prior	1,209	14,085
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	569	478
Total Loans	23,883	26,782
Commercial | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	448,581	260,975
Year two, originated, fiscal year before current fiscal year	303,819	195,269
Year three, originated, two years before current fiscal year	124,597	87,290
Year four, originated, three years before current fiscal year	9,502	39,585
Year five, originated, four years before current fiscal year	26,553	2,313
Prior	7,539	11,297
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	123,458	90,484
Total Loans	1,044,049	687,213	716,275
Gross loans	1,044,049	687,213
Commercial | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	448,581	248,053
Year two, originated, fiscal year before current fiscal year	299,619	195,269
Year three, originated, two years before current fiscal year	115,667	84,868
Year four, originated, three years before current fiscal year	9,319	39,585
Year five, originated, four years before current fiscal year	26,553	2,223
Prior	7,539	11,297
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	122,116	88,839
Total Loans	1,029,394	670,134
Commercial | Construction | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	0	0
Year two, originated, fiscal year before current fiscal year	0	0
Year three, originated, two years before current fiscal year	0	0
Year four, originated, three years before current fiscal year	0	0
Year five, originated, four years before current fiscal year	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	581	0
Total Loans	581	0
Commercial | Construction | Substandard or Lower
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	0	12,922
Year two, originated, fiscal year before current fiscal year	4,200	0
Year three, originated, two years before current fiscal year	8,930	2,422
Year four, originated, three years before current fiscal year	183	0
Year five, originated, four years before current fiscal year	0	90
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	761	1,645
Total Loans	14,074	17,079
Commercial | Paycheck Protection Program, CARES Act
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,800	31,500
Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	64,500	59,977
Year two, originated, fiscal year before current fiscal year	111,237	28,538
Year three, originated, two years before current fiscal year	61,127	13,570
Year four, originated, three years before current fiscal year	37,117	32,871
Year five, originated, four years before current fiscal year	47,077	45,032
Prior	438,407	362,745
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	0
Total Loans	759,465	542,733	764,393
Gross loans	761,882	546,667
Residential | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	64,500	59,977
Year two, originated, fiscal year before current fiscal year	110,508	28,426
Year three, originated, two years before current fiscal year	60,625	12,526
Year four, originated, three years before current fiscal year	36,118	32,871
Year five, originated, four years before current fiscal year	45,859	44,969
Prior	434,175	358,964
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	0
Total Loans	751,785	537,733
Residential | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	0	0
Year two, originated, fiscal year before current fiscal year	729	112
Year three, originated, two years before current fiscal year	502	1,044
Year four, originated, three years before current fiscal year	999	0
Year five, originated, four years before current fiscal year	1,218	63
Prior	4,232	3,781
Revolving loans amortized cost basis	0	0
Revolving loans converted to term	0	0
Total Loans	7,680	5,000
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	595,158	219,918
Year two, originated, fiscal year before current fiscal year	195,397	170,069
Year three, originated, two years before current fiscal year	126,806	74,048
Year four, originated, three years before current fiscal year	54,449	204,119
Year five, originated, four years before current fiscal year	220,518	39,184
Prior	71,478	60,952
Revolving loans amortized cost basis	541,563	384,373
Revolving loans converted to term	5,561	5,910
Total Loans	1,810,930	1,158,573	$ 1,165,917
Gross loans	1,810,930	1,158,573
Consumer | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	595,158	219,918
Year two, originated, fiscal year before current fiscal year	195,397	169,922
Year three, originated, two years before current fiscal year	126,456	74,048
Year four, originated, three years before current fiscal year	54,449	203,519
Year five, originated, four years before current fiscal year	220,039	39,113
Prior	71,478	60,952
Revolving loans amortized cost basis	540,308	382,718
Revolving loans converted to term	5,232	5,364
Total Loans	1,808,517	1,155,554
Consumer | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated, current fiscal year	0	0
Year two, originated, fiscal year before current fiscal year	0	147
Year three, originated, two years before current fiscal year	350	0
Year four, originated, three years before current fiscal year	0	600
Year five, originated, four years before current fiscal year	479	71
Prior	0	0
Revolving loans amortized cost basis	1,255	1,655
Revolving loans converted to term	329	546
Total Loans	$ 2,413	$ 3,019

ALLOWANCE FOR CREDIT LOSSES A_8

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Schedule of Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Performing TDRs	$ 19,737	$ 14,204
Nonperforming TDRs	2,006	756
Total TDRs	$ 21,743	$ 14,960

ALLOWANCE FOR CREDIT LOSSES A_9

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION - Schedule of Types of TDR (Details) - loan	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	221	32
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	5	0
Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	3	2
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	210	30
Contractual payment reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	153	0
Contractual payment reduction | Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Contractual payment reduction | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	0	0
Contractual payment reduction | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	0	0
Contractual payment reduction | Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	0	0
Contractual payment reduction | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Contractual payment reduction | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	151	0
Maturity date extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	53	1
Maturity date extension | Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	2	0
Maturity date extension | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Maturity date extension | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Maturity date extension | Commercial | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	1	0
Maturity date extension | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	0	0
Maturity date extension | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	48	1
Discharged in bankruptcy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	9	25
Discharged in bankruptcy | Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	0	0
Discharged in bankruptcy | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	0	0
Discharged in bankruptcy | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	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	1	2
Discharged in bankruptcy | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	8	23
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	6	6
Other | Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	2	0
Other | Commercial | Owner-occupied commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	0	0
Other | Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	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	1	0
Other | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification total	3	6

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)	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Financing Receivable, Modifications [Line Items]
Total loans identified during the period	$ 10,014,000	$ 1,731,000
Increase (decrease) in allowance for loan losses	500,000	(100,000)
Troubled debt restructurings charged off	$ 0	$ 0
Number of TDRs | loan	0	0
Residential
Financing Receivable, Modifications [Line Items]
Total loans identified during the period	$ 302,000	$ 146,000
Consumer
Financing Receivable, Modifications [Line Items]
Total loans identified during the period	4,178,000	1,585,000
Commercial | Commercial
Financing Receivable, Modifications [Line Items]
Total loans identified during the period	1,067,000	0
Owner-occupied commercial | Commercial
Financing Receivable, Modifications [Line Items]
Total loans identified during the period	2,087,000	0
Commercial mortgages | Commercial
Financing Receivable, Modifications [Line Items]
Total loans identified during the period	2,380,000	0
Construction | Commercial
Financing Receivable, Modifications [Line Items]
Total loans identified during the period	$ 0	$ 0

PREMISES AND EQUIPMENT - Summar

PREMISES AND EQUIPMENT - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Gross premises and equipment	$ 216,467	$ 189,963
Less: Accumulated depreciation	100,864	102,668
Net premises and equipment	115,603	87,295
Depreciation expense of premises and equipment	24,152	15,410	$ 14,999
Land
Property, Plant and Equipment [Line Items]
Gross premises and equipment	33,932	18,469
Buildings
Property, Plant and Equipment [Line Items]
Gross premises and equipment	49,406	34,481
Leasehold improvements
Property, Plant and Equipment [Line Items]
Gross premises and equipment	77,845	66,098
Furniture and equipment
Property, Plant and Equipment [Line Items]
Gross premises and equipment	55,284	70,915
Land, Buildings, Leasehold Improvements, Furniture and Equipment
Property, Plant and Equipment [Line Items]
Depreciation expense of premises and equipment	$ 20,900	$ 13,500	$ 14,300

LEASES - Lease Costs (Details)

LEASES - Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 20,123	$ 18,564	$ 18,690
Sublease income	(280)	(365)	(372)
Net lease cost	$ 19,843	$ 18,199	$ 18,318
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	39 years

LEASES - Balance Sheet Informat

LEASES - Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Right-of-use assets	$ 138,182	$ 144,134
Lease liabilities	$ 158,269	$ 159,526
Weighted average remaining lease term (in years)	17 years 10 months 28 days	19 years 2 months 1 day
Weighted average discount rate	4.25%	4.27%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities

LEASES - Maturities (Details)

LEASES - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 19,372
2024	18,107
2025	18,158
2026	14,670
2027	13,538
After 2027	157,493
Total lease payments	241,338
Less: Interest	(83,069)
Present value of lease liabilities	$ 158,269	$ 159,526

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 20,987	$ 17,834	$ 18,452
Right of use assets obtained in exchange for new operating lease liabilities (non-cash)	$ 13,707	$ 0	$ 0

LEASES - Direct Financing Lease

LEASES - Direct Financing Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Interest income on lease receivable	$ 42,542	$ 21,947	$ 15,805
(Amortization)/accretion of deferred fees and costs	(3,718)	(1,963)	433
Total direct financing lease income	38,824	19,984	$ 16,238
Leasing receivables
Lease receivables	642,369	399,688
Unearned income	(95,683)	(55,066)
Deferred fees and costs	12,295	7,654
Net investment in direct financing leases	$ 558,981	$ 352,276
Direct Financing Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and fees on loans and leases	Interest and fees on loans and leases	Interest and fees on loans and leases

LEASES - Minimum Future Lease P

LEASES - Minimum Future Lease Payments to be Received (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 206,375
2024	173,070
2025	128,281
2026	85,130
2027	40,335
After 2027	9,178
Total lease payments	$ 642,369

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)		12 Months Ended
	Jan. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Impairment losses related to goodwill		$ 0
Amortization expense on other intangible assets		18,401,000	$ 10,583,000	$ 10,909,000
BMBC
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 73,065,000
Intangible assets acquired	56,100,000
First Mortgage
Finite-Lived Intangible Assets [Line Items]
Value of servicing rights		2,100,000	500,000
First Mortgage | BMBC
Finite-Lived Intangible Assets [Line Items]
Servicing assets acquired	2,000,000
SBA Loans
Finite-Lived Intangible Assets [Line Items]
Value of servicing rights		4,000,000	2,800,000
SBA Loans | BMBC
Finite-Lived Intangible Assets [Line Items]
Servicing assets acquired	1,300,000
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Amortization expense on other intangible assets		15,700,000	10,600,000	$ 10,900,000
Impairment of other intangible assets		0	0
Servicing Rights | First Mortgage
Finite-Lived Intangible Assets [Line Items]
(Loss) reversal from change in valuation		$ 300,000	$ 300,000
Loan servicing rights | BMBC
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	3,300,000
Core deposits | BMBC
Finite-Lived Intangible Assets [Line Items]
Intangible assets	10,900,000
Customer relationships | BMBC
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	53,000,000
Trade Names | BMBC
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	2,900,000
Non-compete agreements | BMBC
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 200,000

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Allocation of Goodwill to Our Reportable Operating Segments for Purposes of Goodwill Impairment Testing (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 472,828	$ 472,828
Goodwill from business combinations	414,337
Goodwill adjustments	(3,528)	0
Goodwill, ending balance	883,637	472,828
WSFS Bank
Goodwill [Roll Forward]
Goodwill, beginning balance	452,629	452,629
Goodwill from business combinations	297,646
Goodwill adjustments	3,311	0
Goodwill, ending balance	753,586	452,629
Wealth Management
Goodwill [Roll Forward]
Goodwill, beginning balance	20,199	20,199
Goodwill from business combinations	116,691
Goodwill adjustments	(6,839)	0
Goodwill, ending balance	$ 130,051	$ 20,199

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	$ 125,695	$ 115,763
Accumulated Amortization	(58,655)	(41,360)
Net Intangible Assets		74,403
Indefinite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	187,250
Accumulated Amortization	(58,655)	(41,360)
Net Intangible Assets	$ 128,595	$ 74,403
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest expenses	Noninterest expenses
Trade Names
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived trademark	$ 2,900
Core deposits
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	104,751	$ 93,811
Accumulated Amortization	(40,443)	(30,103)
Net Intangible Assets	$ 64,308	$ 63,708
Amortization Period	10 years	10 years
Indefinite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (40,443)	$ (30,103)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	68,281	15,281
Accumulated Amortization	(12,937)	(7,876)
Net Intangible Assets	55,344	7,405
Indefinite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (12,937)	$ (7,876)
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	$ 200
Accumulated Amortization	(200)
Net Intangible Assets	$ 0
Amortization Period	1 year
Indefinite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (200)
Loan servicing rights
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	11,118	$ 6,671
Accumulated Amortization	(5,075)	(3,381)
Net Intangible Assets	6,043	3,290
Impairment losses (reversals)	300	(300)
Indefinite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (5,075)	$ (3,381)
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_5

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Amortization Expense of Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 16,584
2024	16,332
2025	15,996
2026	15,328
2027	14,902
Thereafter	46,553
Net Intangible Assets	$ 125,695	$ 115,763

DEPOSITS - Summary of Deposits

DEPOSITS - Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Noninterest-bearing:
Noninterest-bearing demand	$ 5,739,647	$ 4,565,143
Total noninterest-bearing	5,739,647	4,565,143
Interest-bearing:
Interest-bearing demand	3,346,682	2,793,279
Savings	2,161,858	1,970,744
Money market	3,730,778	2,906,260
Customer time deposits	1,102,013	988,974
Brokered deposits	122,591	15,662
Total interest-bearing	10,463,922	8,674,919
Total deposits	$ 16,203,569	$ 13,240,062

DEPOSITS - Summary of Remaining

DEPOSITS - Summary of Remaining Time to Maturity for Time Deposits (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Certificates of deposit (not jumbo):
Less than one year	$ 712,582,000	$ 623,762,000
One year to two years	163,260,000	161,486,000
Two years to three years	21,740,000	54,943,000
Three years to four years	11,303,000	12,116,000
Over four years	10,378,000	6,618,000
Total certificates of deposit (not jumbo)	919,263,000	858,925,000
Jumbo certificates of deposit
Less than one year	151,406,000	94,955,000
One year to two years	26,215,000	22,557,000
Two years to three years	3,732,000	11,488,000
Three years to four years	690,000	322,000
Over four years	707,000	727,000
Total jumbo certificates of deposit	182,750,000	130,049,000
Total certificates of deposit	1,102,013,000	$ 988,974,000
Jumbo certificates of deposit from individuals, businesses and municipalities	$ 250,000

DEPOSITS - Summary of Interest

DEPOSITS - Summary of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Interest-bearing demand	$ 7,441	$ 2,262	$ 4,229
Money market	13,536	3,218	9,423
Savings	965	586	3,518
Time deposits	5,626	7,332	18,699
Total customer interest expense	27,568	13,398	35,869
Brokered deposits	613	1,525	3,393
Total interest expense on deposits	$ 28,181	$ 14,923	$ 39,262

BORROWED FUNDS - Summary of Bor

BORROWED FUNDS - Summary of Borrowed Funds by Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Federal funds purchased
Debt Instrument [Line Items]
Balance at End of Period	$ 0	$ 0
Weighted Average Interest Rate	0%	0%
Maximum Outstanding at Month End During the Period	$ 0	$ 0
Average Amount Outstanding During the Year	$ 11,603	$ 27
Weighted Average Interest Rate During the Year	3.82%	0%
FHLB advances
Debt Instrument [Line Items]
Balance at End of Period	$ 350,000	$ 0
Weighted Average Interest Rate	4.46%	0%
Maximum Outstanding at Month End During the Period	$ 350,000	$ 0
Average Amount Outstanding During the Year	$ 12,841	$ 184
Weighted Average Interest Rate During the Year	4.19%	2.72%
Trust preferred borrowings
Debt Instrument [Line Items]
Balance at End of Period	$ 90,442	$ 67,011
Weighted Average Interest Rate	6.63%	1.91%
Maximum Outstanding at Month End During the Period	$ 90,442	$ 67,011
Average Amount Outstanding During the Year	$ 90,337	$ 67,011
Weighted Average Interest Rate During the Year	3.85%	1.90%
Senior and subordinated debt
Debt Instrument [Line Items]
Balance at End of Period	$ 248,169	$ 147,939
Weighted Average Interest Rate	4.51%	2.94%
Maximum Outstanding at Month End During the Period	$ 248,566	$ 246,763
Average Amount Outstanding During the Year	$ 248,389	$ 192,243
Weighted Average Interest Rate During the Year	3.32%	3.38%
Other borrowed funds
Debt Instrument [Line Items]
Balance at End of Period	$ 38,283	$ 24,527
Weighted Average Interest Rate	0.10%	0.10%
Maximum Outstanding at Month End During the Period	$ 38,283	$ 27,292
Average Amount Outstanding During the Year	$ 35,473	$ 21,634
Weighted Average Interest Rate During the Year	0.10%	0.10%

BORROWED FUNDS - Narrative (Det

BORROWED FUNDS - Narrative (Details) - USD ($)				3 Months Ended	12 Months Ended
	Jan. 01, 2022	Dec. 03, 2020	Jun. 13, 2016	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2005
Repurchase Agreement Counterparty [Line Items]
Securities sold under agreements to repurchase				$ 0	$ 0	$ 0
Stock in Federal Home Loan Bank of Pittsburgh, at cost				24,116,000	24,116,000	6,073,000
Collateralized borrowings				$ 38,300,000	$ 38,300,000	24,500,000
LIBOR Rate
Repurchase Agreement Counterparty [Line Items]
Variable interest rate percentage				2.15%	2.15%
WSFS Capital Trust III
Repurchase Agreement Counterparty [Line Items]
Aggregate principal amount of Pooled Floating Rate Securities							$ 67,000,000
WSFS Capital Trust III | LIBOR Rate
Repurchase Agreement Counterparty [Line Items]
Variable interest rate percentage							1.77%
Trusts
Repurchase Agreement Counterparty [Line Items]
Aggregate principal amount of Pooled Floating Rate Securities	$ 12,500,000
Trust common securities owned	774,000
Floating rate common securities issued	387,000
Federal Reserve Bank of Philadelphia
Repurchase Agreement Counterparty [Line Items]
Advances from the FHLB				$ 350,000,000	$ 350,000,000
Interest rates on advances from FHLB percentage				4.45%	4.45%
Borrowed funds				$ 0	$ 0	0
Federal Reserve Bank of Philadelphia | Asset Pledged as Collateral
Repurchase Agreement Counterparty [Line Items]
Loans and securities pledged as collateral				737,700,000	737,700,000	282,100,000
FHLB advances
Repurchase Agreement Counterparty [Line Items]
Stock in Federal Home Loan Bank of Pittsburgh, at cost				$ 24,100,000	24,100,000	6,100,000
Dividends from the FHLB					$ 300,000	$ 100,000
Junior Subordinated Debt
Repurchase Agreement Counterparty [Line Items]
Interest rate on unsecured debt percent				6.92%	6.92%
Junior Subordinated Debt | Trusts
Repurchase Agreement Counterparty [Line Items]
Trust capital securities issued	11,700,000
Trust capital securities issued net	23,400,000
Senior Notes | 4.50% Senior Unsecured Notes Mature on 2026
Repurchase Agreement Counterparty [Line Items]
Interest rate on unsecured debt percent			4.50%
Debt instrument, face amount			$ 100,000,000
Senior unsecured notes, percentage of principle amount to be redeemed percent			100%
Senior Notes | 4.50% Senior Unsecured Notes Mature on 2026 | LIBOR Rate
Repurchase Agreement Counterparty [Line Items]
Variable interest rate percentage			3.30%
Senior Notes 2030
Repurchase Agreement Counterparty [Line Items]
Interest rate on unsecured debt percent		2.75%
Debt instrument, face amount		$ 150,000,000
Redemption price, percentage		100%
Debt issuance costs, gross				$ 148,200,000	$ 148,200,000
Senior Notes 2030 | LIBOR Rate
Repurchase Agreement Counterparty [Line Items]
Variable interest rate percentage		2.485%
Senior Notes 2025
Repurchase Agreement Counterparty [Line Items]
Debt instrument, face amount	$ 30,000,000
Interest-bearing, interest rate				7.837%	7.837%
Carrying value of securities purchased under agreements				$ 30,000,000	$ 30,000,000
Senior Notes 2025 | LIBOR Rate
Repurchase Agreement Counterparty [Line Items]
Variable interest rate percentage	3.068%
Senior Notes 2027
Repurchase Agreement Counterparty [Line Items]
Interest rate on unsecured debt percent	6.82%
Debt instrument, face amount	$ 70,000,000
Carrying value of securities purchased under agreements				$ 70,000,000	$ 70,000,000
Senior Notes 2027 | LIBOR Rate
Repurchase Agreement Counterparty [Line Items]
Variable interest rate percentage	2.05%

STOCKHOLDERS' EQUITY AND REGU_3

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL - Narrative (Details)		3 Months Ended	12 Months Ended
	Jan. 01, 2022 USD ($)	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 $ / shares shares	Dec. 31, 2020 shares	Dec. 31, 2005 USD ($)
Capital Unit [Line Items]
Ratio of common equity Tier 1 capital to risk-weighted assets percentage		4.50%	4.50%	4.50%
Ratio of Tier 1 capital to risk-weighted assets percentage		0.1222	0.1222	0.1479
Ratio of total capital to risk-weighted assets percentage		0.1420	0.1420	0.1559
Tier 1 leverage ratio percentage		0.0979	0.0979	0.1024
Common stock outstanding, par value (in dollars per share) | $ / shares		$ 0.01	$ 0.01	$ 0.01
Coupon rate percentage		6.53%	6.53%
Cash that remains at the holding company		$ 205,800,000	$ 205,800,000
Minimum annual net income expected (as percent)		35%	35%
Junior Subordinated Debt
Capital Unit [Line Items]
Interest rate on unsecured debt percent		6.92%	6.92%
Treasury Stock
Capital Unit [Line Items]
Repurchases of common stock (in shares) | shares			4,151,117	267,309	3,950,855
Additional Stock Buyback Program
Capital Unit [Line Items]
Common stock average repurchase price (in dollars per share) | $ / shares			$ 46.78
WSFS Capital Trust III
Capital Unit [Line Items]
Pooled floating rate securities, par value						$ 2,000,000
Pooled floating rate securities issued						$ 67,000,000
Trusts
Capital Unit [Line Items]
Trust common securities owned	$ 774,000
Trusts | Junior Subordinated Debt
Capital Unit [Line Items]
Trust capital securities issued	11,700,000
Trust capital securities issued net	$ 23,400,000
LIBOR Rate
Capital Unit [Line Items]
Variable interest rate percentage		2.15%	2.15%
LIBOR Rate | WSFS Capital Trust III
Capital Unit [Line Items]
Variable interest rate percentage						1.77%
Trust preferred borrowings | LIBOR Rate | WSFS Capital Trust III
Capital Unit [Line Items]
Variable interest rate percentage						1.77%
Minimum
Capital Unit [Line Items]
Ratio of common equity Tier 1 capital to risk-weighted assets percentage		4.50%	4.50%
Ratio of Tier 1 capital to risk-weighted assets percentage		0.0600	0.0600
Ratio of total capital to risk-weighted assets percentage		0.0800	0.0800
Tier 1 leverage ratio percentage		0.0400	0.0400

STOCKHOLDERS' EQUITY AND REGU_4

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL - Schedule of Capital Position (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Capital Unit [Line Items]
Total Capital (to risk-weighted assets), Consolidated Capital Amount	$ 2,219,920	$ 1,610,964
Tier 1 Capital (to risk-weighted assets), Consolidated Capital Amount	1,910,195	1,528,398
Common Equity Tier 1 Capital (to risk-weighted assets), Consolidated Bank Capital Amount	1,910,195	1,463,398
Tier 1 Capital (to adjusted tangible assets), Consolidated Capital Amount	$ 1,910,195	$ 1,528,398
Total Capital (to risk-weighted assets), Consolidated Capital Percent	0.1420	0.1559
Tier 1 Capital (to risk-weighted assets), Consolidated Capital Percent	0.1222	0.1479
Common Equity Tier 1 Capital (to risk-weighted assets), Consolidated Capital Percent	12.22%	14.16%
Tier 1 Leverage Capital , Consolidated Capital Percent	0.0979	0.1024
Total Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Amount	$ 1,250,689	$ 826,839
Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Amount	938,017	620,129
Common Equity Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Amount	703,512	465,097
Tier 1 Leverage Capital, Minimum For Capital Adequacy Purposes Amount	$ 780,333	$ 597,179
Total Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Percentage	0.0800	0.0800
Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Percentage	0.0600	0.0600
Common Equity Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Percentage	4.50%	4.50%
Tier 1 Leverage Capital, Minimum For Capital Adequacy Purposes Percentage	0.0400	0.0400
Total Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 1,563,361	$ 1,033,548
Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	1,250,689	826,839
Common Equity Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	1,016,185	671,806
Tier 1 Leverage Capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 975,416	$ 746,473
Total Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	0.1000	0.1000
Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	0.0800	0.0800
Common Equity Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	6.50%	6.50%
Tier 1 Leverage Capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	0.0500	0.0500
Wilmington Savings Fund Society, FSB
Capital Unit [Line Items]
Total Capital (to risk-weighted assets), Consolidated Capital Amount	$ 2,157,846	$ 1,639,708
Tier 1 Capital (to risk-weighted assets), Consolidated Capital Amount	2,003,779	1,557,142
Common Equity Tier 1 Capital (to risk-weighted assets), Consolidated Bank Capital Amount	2,003,779	1,557,142
Tier 1 Capital (to adjusted tangible assets), Consolidated Capital Amount	$ 2,003,779	$ 1,557,142
Total Capital (to risk-weighted assets), Consolidated Capital Percent	0.1384	0.1591
Tier 1 Capital (to risk-weighted assets), Consolidated Capital Percent	0.1286	0.1511
Common Equity Tier 1 Capital (to risk-weighted assets), Consolidated Capital Percent	12.86%	15.11%
Tier 1 Leverage Capital , Consolidated Capital Percent	0.1029	0.1044
Total Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Amount	$ 1,246,886	$ 824,687
Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Amount	935,165	618,515
Common Equity Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Amount	701,373	463,886
Tier 1 Leverage Capital, Minimum For Capital Adequacy Purposes Amount	$ 779,288	$ 596,711
Total Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Percentage	0.0800	0.0800
Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Percentage	0.0600	0.0600
Common Equity Tier 1 Capital (to risk-weighted assets), Minimum For Capital Adequacy Purposes Percentage	4.50%	4.50%
Tier 1 Leverage Capital, Minimum For Capital Adequacy Purposes Percentage	0.0400	0.0400
Total Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 1,558,608	$ 1,030,858
Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	1,246,886	824,687
Common Equity Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	1,013,095	670,058
Tier 1 Leverage Capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 974,110	$ 745,889
Total Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	0.1000	0.1000
Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	0.0800	0.0800
Common Equity Tier 1 Capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	6.50%	6.50%
Tier 1 Leverage Capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions Percentage	0.0500	0.0500

ASSOCIATE BENEFIT PLANS - Narra

ASSOCIATE BENEFIT PLANS - Narrative (Details)		3 Months Ended	12 Months Ended
	Mar. 31, 2014	Jun. 30, 2020 USD ($)	Dec. 31, 2022 USD ($) plan shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to the plan on behalf of associates, cash expenditure			$ 9,100,000	$ 7,000,000	$ 6,600,000
Percentage of contributions to be invested in balanced fund if no designation made			100%
Employee benefit plan, sales of common stock (in shares) | shares			8,000	33,000	14,000
Employee benefit plan purchase of common stock (in shares) | shares			0	0	0
Requisite service period	10 years
Amortization of unrecognized gains losses exceed percentage			10%
Percentage of annual medical premium cap			4%
Amount of annual health premium per retiree			$ 4,157
Expected future employer contributions, per employee			$ 4,323
Asset allocation percent			100%	100%
Number of additional supplemental plans | plan			4
Less than 100%
Defined Benefit Plan Disclosure [Line Items]
Target allocation percent			110%
More than 100%
Defined Benefit Plan Disclosure [Line Items]
Target allocation percent			110%
Supplemental Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan, corresponding liability (less than)			$ 300,000	$ 400,000
Early Retirement Window Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan, corresponding liability (less than)			100,000	100,000
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan, corresponding liability (less than)			1,300,000	1,400,000
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan, corresponding liability (less than)			$ 100,000	$ 100,000
Risk Management
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			54.60%	63.90%
Alliance | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Amount contributed to plan to settle the obligation		$ 500,000
Maximum
Defined Benefit Plan Disclosure [Line Items]
Average annual rate of increase for medical benefits (less than)			10%
Maximum | Risk Management | Less than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			80%
Maximum | Risk Management | More than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			90%
Maximum | Return Enhancement | Less than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			60%
Maximum | Return Enhancement | More than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			50%
Minimum | Risk Management | Less than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			40%
Minimum | Risk Management | More than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			50%
Minimum | Return Enhancement | Less than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			20%
Minimum | Return Enhancement | More than 100%
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent			10%

ASSOCIATE BENEFIT PLANS - Sched

ASSOCIATE BENEFIT PLANS - Schedule of Net Periodic Benefit Cost Components of Postretirement Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in benefit obligation:
Benefit obligation at beginning of year	$ 2,138	$ 2,288	$ 2,170
Service cost	52	67	61
Interest cost	51	54	67
Actuarial gain	(833)	(216)	80
Benefits paid	(77)	(55)	(90)
Benefit obligation at end of year	1,331	2,138	2,288
Change in plan assets:
Fair value of plan assets at beginning of year	0	0	0
Employer contributions	77	55	90
Benefits paid	(77)	(55)	(90)
Fair value of plan assets at end of year	0	0	0
Unfunded status	(1,331)	(2,138)	(2,288)
Amounts recognized in accumulated other comprehensive income:
Net prior service credit	283	359	435
Net loss	1,625	607	376
Net amount recognized	1,908	966	811
Components of net periodic (benefit) cost:
Service cost	52	67	61
Interest cost	51	54	67
Amortization of prior service cost	(76)	(76)	(76)
Net loss (gain) recognition	(84)	(20)	(36)
Net periodic (benefit) cost	$ (57)	$ 25	$ 16
Assumption used to determine net periodic benefit cost:
Discount rate for net periodic benefit cost	2.80%	2.40%	3.20%
Assumption used to value the Accumulated Postretirement Benefit Obligation (APBO):
Discount rate for disclosure obligations	5%	2.70%	2.40%
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax	Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax	Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax	Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax	Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax

ASSOCIATE BENEFIT PLANS - Estim

ASSOCIATE BENEFIT PLANS - Estimated Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Retirement Benefits [Abstract]
During 2023	$ 55
During 2024	58
During 2025	62
During 2026	65
During 2027	68
During 2028 through 2032	390
Total	$ 698

ASSOCIATE BENEFIT PLANS - Sch_2

ASSOCIATE BENEFIT PLANS - Schedule of Alliance Pension Plan (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in benefit obligation:
Benefit obligation at beginning of year	$ 2,170	$ 2,138	$ 2,288	$ 2,170
Interest cost		51	54	67
Actuarial gain		(833)	(216)	80
Benefit obligation at end of year		1,331	2,138	2,288
Change in plan assets:
Fair value of plan assets at beginning of year	0	0	0	0
Fair value of plan assets at end of year		0	0	0
Unfunded status		(1,331)	(2,138)	(2,288)
Amounts recognized in accumulated other comprehensive income:
Net loss		1,625	607	376
Components of net periodic (benefit) cost:
Service cost		52	67	61
Interest cost		51	54	67
Net periodic cost		$ (57)	$ 25	16
Alliance | Pension Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	6,893			6,893
Interest cost	105
Settlements	(7,272)
Actuarial gain	274
Benefit obligation at end of year	0
Change in plan assets:
Fair value of plan assets at beginning of year	7,431			$ 7,431
Actual return on plan assets	(159)
Settlements	(7,272)
Fair value of plan assets at end of year	0
Unfunded status	0
Amounts recognized in accumulated other comprehensive income:
Net loss	0
Components of net periodic (benefit) cost:
Service cost	17
Interest cost	105
Expected return on plan assets	(196)
Plan settlement loss	1,431
Net periodic cost	$ 1,357

ASSOCIATE BENEFIT PLANS - Sch_3

ASSOCIATE BENEFIT PLANS - Schedule of Beneficial Pension and Other Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in benefit obligation:
Benefit obligation at beginning of year	$ 2,138	$ 2,288	$ 2,170
Service cost	52	67	61
Interest cost	51	54	67
Actuarial gain	(833)	(216)	80
Disbursements	(77)	(55)	(90)
Benefit obligation at end of year	1,331	2,138	2,288
Change in plan assets:
Fair value of plan assets at beginning of year	0	0	0
Employer contributions	77	55	90
Benefits paid	(77)	(55)	(90)
Fair value of plan assets at end of year	0	0	0
Unfunded status	(1,331)	(2,138)	(2,288)
Amounts recognized in accumulated other comprehensive income:
Net loss	(1,625)	(607)	(376)
Components of net periodic (benefit) cost:
Service cost	52	67	61
Interest cost	51	54	67
Net loss (gain) recognition	(84)	(20)	(36)
Net periodic cost	(57)	25	16
Beneficial | Pension Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	104,695	112,283
Service cost	0	0
Interest cost	2,425	2,100
Plan participants' contributions	0	0
Amendments	0	(83)
Actuarial gain	(26,233)	(4,420)
Disbursements	(5,736)	(5,185)
Benefit obligation at end of year	75,151	104,695	112,283
Change in plan assets:
Fair value of plan assets at beginning of year	108,242	111,129
Actual return on plan assets	(22,867)	2,734
Employer contributions	225	308
Participants' contributions	0	0
Settlements	0	(83)
Benefits paid	(5,736)	(5,185)
Administrative expenses	(577)	(661)
Fair value of plan assets at end of year	79,287	108,242	111,129
Unfunded status	4,136	3,547
Amounts recognized in accumulated other comprehensive income:
Net loss	10,658	6,882
Components of net periodic (benefit) cost:
Service cost	0	0
Interest cost	2,425	2,100
Expected return on plan assets	(6,586)	(6,783)
Net loss (gain) recognition	16	27
Net periodic cost	(4,145)	(4,656)
Beneficial | Other Postretirement Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	18,105	19,302
Service cost	33	39
Interest cost	383	309
Plan participants' contributions	55	68
Amendments	0	0
Actuarial gain	(3,346)	(442)
Disbursements	(1,336)	(1,171)
Benefit obligation at end of year	13,894	18,105	19,302
Change in plan assets:
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	1,281	1,103
Participants' contributions	55	68
Settlements	0	0
Benefits paid	(1,336)	(1,171)
Administrative expenses	0	0
Fair value of plan assets at end of year	0	0	$ 0
Unfunded status	(13,894)	(18,105)
Amounts recognized in accumulated other comprehensive income:
Net loss	(3,259)	87
Components of net periodic (benefit) cost:
Service cost	33	39
Interest cost	383	309
Expected return on plan assets	0	0
Net loss (gain) recognition	0	(11)
Net periodic cost	$ 416	$ 337

ASSOCIATE BENEFIT PLANS - Signi

ASSOCIATE BENEFIT PLANS - Significant Assumptions (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Discount rate for net periodic benefit cost	2.80%	2.40%	3.20%
Discount rate for disclosure obligations	5%	2.70%	2.40%
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate for net periodic benefit cost	2.82%	2.50%
Expected return on plan assets	6.25%	6.25%
Discount rate for disclosure obligations	5.24%	2.82%
Other Postretirement Benefits | FMS Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Discount rate for net periodic benefit cost	2.07%	1.47%
Discount rate for disclosure obligations	4.93%	2.07%
Other Postretirement Benefits | Split-Dollar Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate for net periodic benefit cost	2.05%	1.44%
Discount rate for disclosure obligations	4.92%	2.04%
Other Postretirement Benefits | Beneficial
Defined Benefit Plan Disclosure [Line Items]
Discount rate for net periodic benefit cost	2.69%	2.32%
Discount rate for disclosure obligations	5.18%	2.70%

ASSOCIATE BENEFIT PLANS - Est_2

ASSOCIATE BENEFIT PLANS - Estimated Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
During 2023	$ 55
During 2024	58
During 2025	62
During 2026	65
During 2027	68
During 2028 through 2032	390
Total	698
Beneficial | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
During 2023	4,846
During 2024	6,398
During 2025	5,043
During 2026	6,561
During 2027	6,067
During 2028 through 2032	27,458
Total	56,373
Beneficial | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
During 2023	1,081
During 2024	1,122
During 2025	1,167
During 2026	1,170
During 2027	1,159
During 2028 through 2032	5,400
Total	$ 11,099

ASSOCIATE BENEFIT PLANS - Fair

ASSOCIATE BENEFIT PLANS - Fair Value Weighted Average Asset Allocations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0	$ 0	$ 0
Asset allocation percent	100%	100%
Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 79,287	$ 108,242
Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	62,028	96,718
Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	17,259	11,524
Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0
Large cap
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	4.70%	5.20%
Large cap | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 3,721	$ 5,610
Large cap | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	3,721	5,610
Large cap | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0	0
Large cap | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0
Mid cap
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent		0.10%
Mid cap | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		$ 75
Mid cap | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		75
Mid cap | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		0
Mid cap | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		$ 0
Small cap
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent		0.10%
Small cap | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		$ 59
Small cap | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		59
Small cap | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		0
Small cap | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets		$ 0
International
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	8.40%	9%
International | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 6,651	$ 9,728
International | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	6,651	9,728
International | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0	0
International | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0
Global Managed Volatility
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	7.40%	8%
Global Managed Volatility | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 5,901	$ 8,640
Global Managed Volatility | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	5,901	8,640
Global Managed Volatility | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0	0
Global Managed Volatility | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0
U.S. Managed Volatility
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	2.80%	3%
U.S. Managed Volatility | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 2,216	$ 3,243
U.S. Managed Volatility | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	2,216	3,243
U.S. Managed Volatility | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0	0
U.S. Managed Volatility | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0
Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	54.60%	63.90%
Fixed Income | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 43,255	$ 69,194
Fixed Income | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	43,255	69,194
Fixed Income | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0	0
Fixed Income | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0
U.S. Government Agencies
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	21.80%	10.60%
U.S. Government Agencies | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 17,259	$ 11,524
U.S. Government Agencies | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0	0
U.S. Government Agencies | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	17,259	11,524
U.S. Government Agencies | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0
Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	0.20%
Pooled separate accounts | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 123
Pooled separate accounts | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	123
Pooled separate accounts | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0
Pooled separate accounts | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0
Accrued Income
Defined Benefit Plan Disclosure [Line Items]
Asset allocation percent	0.10%	0.10%
Accrued Income | Total
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 161	$ 169
Accrued Income | Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	161	169
Accrued Income | Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	0	0
Accrued Income | Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan fair value of assets	$ 0	$ 0

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current income taxes:
Federal taxes	$ 63,203	$ 32,836	$ 57,716
State and local taxes	18,763	13,421	6,768
Deferred income taxes:
Federal taxes	(4,094)	37,251	(32,962)
State and local taxes	89	2,587	114
Total	$ 77,961	$ 86,095	$ 31,636

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowance for credit losses	$ 33,323	$ 19,847
Purchase accounting adjustments—loans	13,807	10,264
Reserves and other accruals	23,189	16,444
Investments	1,579	2,038
Net operating losses	3,315	96
Derivatives	3,521	4,181
Employee benefit plans	181	1,340
Lease liabilities	33,236	33,501
Unrealized losses on available-for-sale securities	212,222	10,642
Other	1,179	383
Total deferred tax assets	325,552	98,736
Deferred tax liabilities:
Legal settlement	0	(3,150)
Accelerated depreciation	(5,994)	(4,467)
Right of use assets	(28,859)	(30,268)
Deferred loan costs	(53)	(230)
Intangibles	(35,610)	(20,897)
Other	(4,280)	(756)
Total deferred tax liabilities	(74,796)	(59,768)
Net deferred tax asset	$ 250,756	$ 38,968

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Examination [Line Items]
Unrealized losses on investments in debt and equity	$ 212,222,000	$ 10,642,000
Postretirement benefit obligations	1,500,000	1,500,000
Unrealized gains on available-for-sale securities		10,600,000
Deferred income tax (benefit) expense	0
Deferred tax asset	250,756,000	38,968,000
Alternative minimum tax credits	500,000
Tax benefit from CARES Act			$ 1,700,000
Unrecognized tax benefits	0
Amortization of low-income housing credit investments reflected as income tax expense	4,800,000	3,600,000	$ 3,300,000
Affordable housing tax benefits	1,300,000
Carrying value of investment in affordable housing credits	69,000,000	$ 39,600,000
General Business Tax Credit Carryforward
Income Tax Examination [Line Items]
Tax credit	4,300,000
Federal
Income Tax Examination [Line Items]
Net operating loss carryforwards	15,800,000
Federal net operating loss	$ 2,800,000

INCOME TAXES - Schedule of Effe

INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21%	21%	21%
State tax, net of federal tax benefit	5.10%	3.90%	3.70%
Adjustment to net deferred tax asset for enacted changes in tax laws and rates	0%	0%	(1.20%)
Tax-exempt interest	(0.50%)	(0.20%)	(0.70%)
Bank-owned life insurance income	0%	(0.10%)	(0.20%)
Excess tax benefits from share-based compensation	0%	(0.10%)	0%
Nondeductible acquisition costs	0.10%	0.20%	0%
Federal tax credits, net of amortization	(0.40%)	(0.50%)	(0.80%)
Nondeductible compensation	0.20%	0%	0%
Nondeductible goodwill	0.50%	0%	0%
Other	(0.10%)	(0.10%)	0%
Effective tax rate	25.90%	24.10%	21.80%

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) $ / shares in Units, $ in Millions		1 Months Ended	12 Months Ended
	Dec. 10, 2020 shares	Feb. 28, 2019 goal	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized			$ 9	$ 6.3	$ 3.1
Stock-based compensation expense after tax			6.7	$ 4.8	$ 2.5
Weighted-average fair value of options granted (in dollars per share) | $ / shares				$ 10.44	$ 7.19
Aggregate intrinsic value of options exercised			0.8	$ 1.9	$ 1.8
Total unrecognized compensation cost of nonvested stock options			$ 0.7
Expected weighted-average period			1 year 10 months 6 days
Non-Vested Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized			$ 0.7
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized			$ 0.9
Weighted average fair value, granted (in dollars per share) | $ / shares			$ 49.76
Total compensation cost to be recognized			$ 2.1
Weighted average remaining contractual term			2 years
Granted (in shares) | shares			102,885
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Stock-based compensation expense recognized			$ 7.5
Weighted average fair value, granted (in dollars per share) | $ / shares			$ 49.24	$ 45.64	$ 37.52
Total compensation cost to be recognized			$ 11.5
Weighted average remaining contractual term			2 years 4 months 28 days
Total fair value, vested			$ 4.5	$ 1.9	$ 1.9
Granted (in shares) | shares			263,326
Executive Officers | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Performance achievement period		3 years
Stock options granted, vest in percentage per annum increments (as percent)		20%
Number of goals | goal		3
Share-based Compensation Award, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted, vest in percentage per annum increments (as percent)				25%	25%
Share-based Compensation Award, Tranche One | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentages			25%
Share-based Compensation Award, Tranche One | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance award vesting period			5 years
Share-based Compensation Award, Tranche One | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance award vesting period			7 years
Share-Based Compensation Award, Tranche Two | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentages			50%
Share-Based Compensation Award, Tranche Three | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentages			75%
Share-Based Payment Arrangement, Tranche Four | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentages			100%
Stock Incentive 2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants under 2018 Plan (in shares) | shares			3,000,000
Shares reserved for future issuance (in shares) | shares			869,838
Stock Incentive 2018 Plan | BMBC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares added to plan due to business acquisition (in shares) | shares			261,709
Executive Leadership Team Incentive Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Executive Leadership Team Incentive Plan | Executive Officers | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Award requisite service period			3 years
Performance achievement period			3 years
Beneficial Acquisition Success Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Beneficial Acquisition Success Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized			$ 0.7
Granted (in shares) | shares	66,703

STOCK-BASED COMPENSATION - Summ

STOCK-BASED COMPENSATION - Summary of Assumptions for Options Issued (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Expected term (in years)	5 years 6 months	5 years 6 months
Volatility	23.90%	25%
Weighted-average risk-free interest rate	1.16%	1.06%
Dividend yield	1.33%	1.39%

STOCK-BASED COMPENSATION - Su_2

STOCK-BASED COMPENSATION - Summary of Options Including Non-Plan Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Stock Options:
Outstanding at beginning of year (in shares)	465,424
Granted (in shares)	0
Exercised (in shares)	(36,397)
Forfeited (in shares)	(67,312)
Expired (in shares)	(5,400)
Outstanding at end of year (in shares)	356,315	465,424
Nonvested at end of year (in shares)	131,928	245,462
Exercisable at end of year (in shares)	224,387
Weighted- Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 41.39
Exercised (in dollars per share)	26.43
Forfeited (in dollars per share)	40.53
Expired (in dollars per share)	51.84
Outstanding at end of year (in dollars per share)	42.92	$ 41.39
Nonvested at end of year (in dollars per share)	44.43	$ 43.28
Exercisable at end of year (in dollars per share)	$ 42.04
Weighted-Average Remaining Contractual Term (Years)
Outstanding at end of year	3 years 5 months 4 days	4 years 6 months 7 days
Nonvested at end of year	1 year 10 months 2 days
Exercisable at end of year	2 years 9 months 14 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value [Roll Forward]
Outstanding at end of year	$ 1,562	$ 4,243
Nonvested at end of year	120
Exercisable at end of year	$ 1,038

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Nonvested Stock Option Outstanding (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Shares
Nonvested at beginning of period (in shares)	245,462
Plus: granted (in shares)	0
Less: vested (in shares)	(98,893)
Forfeited (in shares)	(14,641)
Nonvested at end of period (in shares)	131,928	245,462
Weighted-Average Exercise Price
Nonvested at beginning of period (in dollars per share)	$ 43.28
Less: vested (in dollars per share)	42.98
Forfeited (in dollars per share)	34.90
Nonvested at end of period (in dollars per share)	44.43	$ 43.28
Weighted-Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share)	9.09
Plus: granted (in dollars per share)		10.44	$ 7.19
Less: vested (in dollars per share)	9.21
Forfeited (in dollars per share)	7.81
Nonvested at end of period (in dollars per share)	$ 9.15	$ 9.09

STOCK-BASED COMPENSATION - Sc_2

STOCK-BASED COMPENSATION - Schedule of RSUs (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Units (in whole)
Beginning balance (in shares)	235,481
Plus: Granted (in shares)	263,326
Less: Vested (in shares)	(107,949)
Forfeited (in shares)	(33,220)
Ending balance (in shares)	357,638	235,481
Weighted Average Grant-Date Fair Value per Unit
Beginning balance (in dollars per share)	$ 41.62
Plus: Granted (in dollars per share)	49.24	$ 45.64	$ 37.52
Less: vested (in dollars per share)	43.17
Forfeited (in dollars per share)	42.67
Ending balance (in dollars per share)	$ 46.70	$ 41.62

STOCK-BASED COMPENSATION - Sc_3

STOCK-BASED COMPENSATION - Schedule of PSUs (Details) - Performance Stock Units	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Units (in whole)
Beginning balance (in shares) | shares	0
Plus: Granted (in shares) | shares	102,885
Forfeited (in shares) | shares	(7,365)
Ending balance (in shares) | shares	95,520
Weighted Average Grant-Date Fair Value per Unit
Beginning balance (in dollars per share) | $ / shares	$ 0
Plus: Granted (in dollars per share) | $ / shares	49.76
Forfeited (in dollars per share) | $ / shares	49.76
Ending balance (in dollars per share) | $ / shares	$ 49.76

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Summary of Off-Balance Sheet Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial instruments with contract amounts which represent potential credit risk:
Total	$ 2,804,379	$ 2,489,295
Construction loan commitments
Financial instruments with contract amounts which represent potential credit risk:
Total	699,748	403,767
Commercial mortgage loan commitments
Financial instruments with contract amounts which represent potential credit risk:
Total	96,208	91,871
Commercial loan commitments
Financial instruments with contract amounts which represent potential credit risk:
Total	863,566	1,088,098
Owner-occupied commercial commitments
Financial instruments with contract amounts which represent potential credit risk:
Total	27,198	74,846
Commercial standby letters of credit
Financial instruments with contract amounts which represent potential credit risk:
Total	101,888	92,048
Residential loan commitments
Financial instruments with contract amounts which represent potential credit risk:
Total	4,032	6,815
Consumer loan commitments
Financial instruments with contract amounts which represent potential credit risk:
Total	$ 1,011,739	$ 731,850

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) loan_repurchased	Dec. 31, 2021 USD ($) loan_repurchased	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Other Commitments [Line Items]
Commitments of lending operations	$ 0	$ 0
Commitments to sell residential mortgages	15,300,000	57,900,000
Allowance for credit losses on loans and leases	151,861,000	94,507,000	$ 228,804,000	$ 47,576,000
Provision for (recovery of) credit losses	48,083,000	(117,087,000)	$ 153,180,000
Unfunded Loan Commitment
Other Commitments [Line Items]
Allowance for credit losses on loans and leases	11,900,000	7,400,000
Provision for (recovery of) credit losses	300,000	$ (800,000)
Secondary Market Loan Sales
Other Commitments [Line Items]
Provision for (recovery of) credit losses	$ 0
Number of loans repurchased | loan_repurchased	2	0
Loans repurchase amount	$ 800,000
Minimum
Other Commitments [Line Items]
Closing period of residential mortgage commitments	1 month
Maximum
Other Commitments [Line Items]
Closing period of residential mortgage commitments	6 months
Real Estate
Other Commitments [Line Items]
Commitments of lending operations	$ 913,000,000
Commitments to Extend Credit
Other Commitments [Line Items]
Commitments of lending operations	2,800,000,000
Consumer
Other Commitments [Line Items]
Commitments of lending operations	$ 1,000,000,000

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	Dec. 31, 2022	Dec. 31, 2021
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	$ 4,093,060	$ 5,205,311
Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Other assets	156,993	5,153
Liabilities measured at fair value on a recurring basis:
Other liabilities	173,622	23,291
Assets measured at fair value on a nonrecurring basis:
Total assets measured at fair value	4,250,053	5,210,464
Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other real estate owned	833	2,320
Total assets measured at fair value	69,938	126,187
Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Other assets	0	0
Liabilities measured at fair value on a recurring basis:
Other liabilities	0	0
Assets measured at fair value on a nonrecurring basis:
Total assets measured at fair value	0	0
Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other real estate owned	0	0
Total assets measured at fair value	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Other assets	156,912	5,153
Liabilities measured at fair value on a recurring basis:
Other liabilities	156,520	3,039
Assets measured at fair value on a nonrecurring basis:
Total assets measured at fair value	4,249,972	5,210,464
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other real estate owned	0	0
Total assets measured at fair value	42,985	113,349
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Other assets	81	0
Liabilities measured at fair value on a recurring basis:
Other liabilities	17,102	20,252
Assets measured at fair value on a nonrecurring basis:
Total assets measured at fair value	81	0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other real estate owned	833	2,320
Total assets measured at fair value	26,953	12,838
Other investments | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other investments	26,120	10,518
Other investments | Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other investments	0	0
Other investments | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other investments	0	0
Other investments | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Other investments	26,120	10,518
Loans held for sale | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Loans held for sale	42,985	113,349
Loans held for sale | Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Loans held for sale	0	0
Loans held for sale | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Loans held for sale	42,985	113,349
Loans held for sale | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis:
Loans held for sale	0	0
Collateralized mortgage obligation (CMO)
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	506,380	575,766
Collateralized mortgage obligation (CMO) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	506,380	575,766
Collateralized mortgage obligation (CMO) | Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Collateralized mortgage obligation (CMO) | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	506,380	575,766
Collateralized mortgage obligation (CMO) | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Fannie Mae (FNMA) mortgage-backed securities (MBS)
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	3,250,258	4,245,684
Fannie Mae (FNMA) mortgage-backed securities (MBS) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	3,250,258	4,245,684
Fannie Mae (FNMA) mortgage-backed securities (MBS) | Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Fannie Mae (FNMA) mortgage-backed securities (MBS) | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	3,250,258	4,245,684
Fannie Mae (FNMA) mortgage-backed securities (MBS) | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Freddie Mac (FHLMC) MBS
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	121,999	145,528
Freddie Mac (FHLMC) MBS | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	121,999	145,528
Freddie Mac (FHLMC) MBS | Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Freddie Mac (FHLMC) MBS | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	121,999	145,528
Freddie Mac (FHLMC) MBS | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Ginnie Mae (GNMA) MBS
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	36,138	17,936
Ginnie Mae (GNMA) MBS | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	36,138	17,936
Ginnie Mae (GNMA) MBS | Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Ginnie Mae (GNMA) MBS | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	36,138	17,936
Ginnie Mae (GNMA) MBS | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Government-sponsored enterprises (GSE) agency notes
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	178,285	220,397
Government-sponsored enterprises (GSE) agency notes | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	178,285	220,397
Government-sponsored enterprises (GSE) agency notes | Quoted Prices in Active Markets for Identical Asset (Level 1) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	0	0
Government-sponsored enterprises (GSE) agency notes | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	178,285	220,397
Government-sponsored enterprises (GSE) agency notes | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis:
Investment securities, available for sale (amortized cost of $4,834,550 at December 31, 2022 and $5,249,882 at December 31, 2021)	$ 0	$ 0

FAIR VALUE DISCLOSURES OF FIN_4

FAIR VALUE DISCLOSURES OF FINANCIAL ASSETS AND LIABILITIES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commitments of lending operations	$ 0	$ 0
Swap Guarantee
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Aggregate fair value of swaps to customers	$ 10,400,000	$ 13,100,000

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	Dec. 31, 2022 USD ($) $ / shares
Observed market comparable transactions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other investments | $	$ 26,120
Fair market value of collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned | $	$ 833
Fair market value of collateral | Costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	0.100
Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities | $	$ 17,100
Discounted cash flow | Timing of Visa litigation resolution | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities, measurement input	1
Discounted cash flow | Timing of Visa litigation resolution | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities, measurement input	5.75
Discounted cash flow | Timing of Visa litigation resolution | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities, measurement input	3.61
Credit Value Adjustment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets | $	$ 81
Other liabilities | $	$ 2
Credit Value Adjustment | Measurement Input, CDS Spread | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.0110
Other liabilities, measurement input	0.0001
Credit Value Adjustment | Measurement Input, CDS Spread | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.0250
Other liabilities, measurement input	0.0250
Credit Value Adjustment | Measurement Input, CDS Spread | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.0205
Other liabilities, measurement input	0.0158
Credit Value Adjustment | Measurement Input, Loss Given Default
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities, measurement input	0.30
Credit Value Adjustment | Measurement Input, Loss Given Default | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0
Credit Value Adjustment | Measurement Input, Loss Given Default | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.30
Credit Value Adjustment | Measurement Input, Loss Given Default | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.30

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	Dec. 31, 2022	Dec. 31, 2021
Financial assets:
Investment securities, held to maturity, net	$ 1,111,629	$ 90,646
Stock in FHLB of Pittsburgh	24,116	6,073
Accrued interest receivable	74,448	41,596
Financial liabilities:
Deposits	16,203,569	13,240,062
Accrued interest payable	5,174	736
Book Value | Level 1
Financial assets:
Cash, cash equivalents and restricted cash	837,258	1,532,939
Book Value | Level 2
Financial assets:
Investment securities, available for sale	4,093,060	5,205,311
Investment securities, held to maturity, net	1,111,619	90,642
Loans, held for sale	42,985	113,349
Stock in FHLB of Pittsburgh	24,116	6,073
Accrued interest receivable	74,448	41,596
Financial liabilities:
Deposits	16,203,569	13,240,062
Borrowed funds	726,894	239,477
Accrued interest payable	5,174	736
Book Value | Level 3
Financial assets:
Other investments	26,120	10,518
Loans and leases, net	11,759,992	7,791,482
Financial liabilities:
Standby letters of credit	739	674
Book Value | Levels 2, 3
Financial assets:
Other assets	156,993	5,153
Financial liabilities:
Other liabilities	173,622	23,291
Fair Value | Level 1
Financial assets:
Cash, cash equivalents and restricted cash	837,258	1,532,939
Fair Value | Level 2
Financial assets:
Investment securities, available for sale	4,093,060	5,205,311
Investment securities, held to maturity, net	1,040,104	94,131
Loans, held for sale	42,985	113,349
Stock in FHLB of Pittsburgh	24,116	6,073
Accrued interest receivable	74,448	41,596
Financial liabilities:
Deposits	16,156,124	13,236,816
Borrowed funds	709,014	225,119
Accrued interest payable	5,174	736
Fair Value | Level 3
Financial assets:
Other investments	26,120	10,518
Loans and leases, net	11,567,888	7,723,867
Financial liabilities:
Standby letters of credit	739	674
Fair Value | Levels 2, 3
Financial assets:
Other assets	156,993	5,153
Financial liabilities:
Other liabilities	$ 173,622	$ 23,291

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Summary of Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Notional	$ 3,921,032	$ 472,832
Total derivatives	(16,629)	(18,138)
Derivatives not designated as hedging instruments | Interest rate products
Derivatives, Fair Value [Line Items]
Derivative asset	156,414	2,625
Derivative liability	(156,414)	(2,847)
Derivatives not designated as hedging instruments | Interest rate products | Other assets
Derivatives, Fair Value [Line Items]
Notional	1,794,678	54,834
Derivatives not designated as hedging instruments | Interest rate products | Other liabilities
Derivatives, Fair Value [Line Items]
Notional	1,794,678	54,834
Derivatives not designated as hedging instruments | Interest rate lock commitments with customers
Derivatives, Fair Value [Line Items]
Derivative asset	385	1,991
Derivative liability	(7)	(73)
Derivatives not designated as hedging instruments | Interest rate lock commitments with customers | Other assets
Derivatives, Fair Value [Line Items]
Notional	24,673	102,264
Derivatives not designated as hedging instruments | Interest rate lock commitments with customers | Other liabilities
Derivatives, Fair Value [Line Items]
Notional	1,179	12,813
Derivatives not designated as hedging instruments | Forward sale commitments
Derivatives, Fair Value [Line Items]
Derivative asset	75	537
Derivative liability	(54)	(116)
Derivatives not designated as hedging instruments | Forward sale commitments | Other assets
Derivatives, Fair Value [Line Items]
Notional	9,072	63,664
Derivatives not designated as hedging instruments | Forward sale commitments | Other liabilities
Derivatives, Fair Value [Line Items]
Notional	20,719	67,032
Derivatives not designated as hedging instruments | FX forwards
Derivatives, Fair Value [Line Items]
Derivative asset	38
Derivative liability	(45)
Derivatives not designated as hedging instruments | FX forwards | Other assets
Derivatives, Fair Value [Line Items]
Notional	4,177
Derivatives not designated as hedging instruments | FX forwards | Other liabilities
Derivatives, Fair Value [Line Items]
Notional	3,052
Derivatives not designated as hedging instruments | Risk participation agreements sold
Derivatives, Fair Value [Line Items]
Derivative liability	(2)
Derivatives not designated as hedging instruments | Risk participation agreements sold | Other liabilities
Derivatives, Fair Value [Line Items]
Notional	68,459
Derivatives not designated as hedging instruments | Risk participation agreements purchased
Derivatives, Fair Value [Line Items]
Derivative asset	81
Derivatives not designated as hedging instruments | Risk participation agreements purchased | Other assets
Derivatives, Fair Value [Line Items]
Notional	87,168
Derivatives not designated as hedging instruments | Risk participation agreements
Derivatives, Fair Value [Line Items]
Derivative liability		(3)
Derivatives not designated as hedging instruments | Risk participation agreements | Other liabilities
Derivatives, Fair Value [Line Items]
Notional		4,214
Derivatives not designated as hedging instruments | Financial derivative related to sales of certain Visa Class B shares
Derivatives, Fair Value [Line Items]
Derivative liability	(17,100)	(20,252)
Derivatives not designated as hedging instruments | Financial derivative related to sales of certain Visa Class B shares | Other liabilities
Derivatives, Fair Value [Line Items]
Notional	$ 113,177	$ 113,177

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) instrument institution	Dec. 31, 2021 USD ($) instrument	Dec. 31, 2020 USD ($) instrument
Derivatives, Fair Value [Line Items]
Number of instruments terminated | instrument			3
Termination value of derivatives	$ (16,629)	$ (18,138)
Interest rate cash flow hedge increase decrease interest expense to be reclassified during next 12 months (less than)	100
Interest rate cash flow hedge gain (loss) reclassified to earnings, net	$ (200)	$ (500)
Number of unrelated financial institutions | institution	1
Derivative transaction held for guarantee | instrument	209	261
Notional	$ 3,921,032	$ 472,832
Minimum
Derivatives, Fair Value [Line Items]
Notional amount maturity period	1 year
Maximum
Derivatives, Fair Value [Line Items]
Notional amount maturity period	13 years
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative transaction held for guarantee | instrument	0	193
Notional	$ 800,000	$ 1,100,000
Aggregate fair value of swaps to customers		35,800
Swap Guarantee
Derivatives, Fair Value [Line Items]
Aggregate fair value of swaps to customers	10,400	$ 13,100
Cash
Derivatives, Fair Value [Line Items]
Collateral value against obligations	$ 4,700
Accrued Liabilities
Derivatives, Fair Value [Line Items]
Termination value of derivatives			$ 1,300

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Summary of Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivative (Effective Portion)			$ 1,560
Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in Income	$ 2,791	$ (2,955)	(5,736)
Interest rate products
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivative (Effective Portion)			1,560
Interest rate lock commitments with customers | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in Income	(2,072)	(6,218)	6,490
Forward sale commitments | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in Income	$ 4,863	$ 3,263	$ (12,226)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Related Party Transaction [Line Items]
Total deposits from related parties	$ 5,800,000	$ 5,800,000
Loans
Related Party Transaction [Line Items]
Maximum loan capacity	$ 500,000
Number of loan transactions | loan	0	1
Related party loan repayment	$ 3,900,000	$ 400,000
Loans | Executive Officers
Related Party Transaction [Line Items]
Maximum loan capacity	500,000	$ 500,000
New Loans and Credit Line Advance to Related Parties
Related Party Transaction [Line Items]
New loans and credit line advance to related parties	5,100,000
Repayments	$ 1,700,000

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 segment
Segment Reporting [Abstract]
Number of segments	3

SEGMENT INFORMATION - Details o

SEGMENT INFORMATION - Details of Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Interest income	$ 703,815	$ 456,369	$ 514,405
Noninterest income	260,134	185,480	201,025
Total revenue	963,949	641,849	715,430
Interest expense	40,925	22,720	48,450
Noninterest expenses	574,326	378,516	368,844
Provision for (recovery of) credit losses	48,089	(117,087)	153,180
Total expenses	663,340	284,149	570,474
Income before taxes	300,609	357,700	144,956
Income tax provision	77,961	86,095	31,636
Net income	222,648	271,605	113,320
Less: Net income (loss) attributable to noncontrolling interest	273	163	(1,454)
Net income attributable to WSFS	222,375	271,442	114,774
Capital expenditures	8,809	6,576	7,159
Operating Segments
Segment Reporting Information [Line Items]
Interest income	703,815	456,369	514,405
Noninterest income	260,134	185,480	201,025
Total revenue	1,056,170	676,981	747,663
Interest expense	40,925	22,720	48,450
Noninterest expenses	574,326	378,516	368,844
Total expenses	755,561	319,281	602,707
Income before taxes	300,609	357,700	144,956
Capital expenditures	8,809	6,576	7,159
Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	62,423	16,550	16,528
Noninterest income	29,798	18,582	15,705
Total revenue	92,221	35,132	32,233
Interest expense	62,423	16,550	16,528
Noninterest expenses	29,798	18,582	15,705
Total expenses	92,221	35,132	32,233
WSFS Bank
Segment Reporting Information [Line Items]
Total revenue	770,580	526,852	615,843
Provision for (recovery of) credit losses	47,921	(113,715)	149,453
Total expenses	551,313	236,620	506,680
WSFS Bank | Operating Segments
Segment Reporting Information [Line Items]
Interest income	690,780	447,542	505,258
Noninterest income	79,800	79,310	110,585
Total revenue	812,462	546,300	633,811
Interest expense	37,393	22,058	46,428
Noninterest expenses	465,999	328,277	310,799
Total expenses	601,652	252,304	520,945
Income before taxes	210,810	293,996	112,866
Capital expenditures	8,793	6,344	6,499
WSFS Bank | Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	14,348	3,460	4,930
Noninterest income	27,534	15,988	13,038
Total revenue	41,882	19,448	17,968
Interest expense	48,075	13,090	11,598
Noninterest expenses	2,264	2,594	2,667
Total expenses	50,339	15,684	14,265
Cash Connect
Segment Reporting Information [Line Items]
Total revenue	55,519	42,818	40,899
Provision for (recovery of) credit losses	0	0	0
Total expenses	36,777	29,465	28,421
Cash Connect | Operating Segments
Segment Reporting Information [Line Items]
Interest income	0	0	0
Noninterest income	55,519	42,818	40,899
Total revenue	58,665	45,146	42,585
Interest expense	0	0	0
Noninterest expenses	36,777	29,465	28,421
Total expenses	51,328	34,957	33,341
Income before taxes	7,337	10,189	9,244
Capital expenditures	16	232	420
Cash Connect | Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	1,536	1,088	851
Noninterest income	1,610	1,240	835
Total revenue	3,146	2,328	1,686
Interest expense	9,831	856	1,580
Noninterest expenses	4,720	4,636	3,340
Total expenses	14,551	5,492	4,920
Wealth Management
Segment Reporting Information [Line Items]
Total revenue	137,850	72,179	58,688
Provision for (recovery of) credit losses	168	(3,372)	3,727
Total expenses	75,250	18,064	35,373
Wealth Management | Operating Segments
Segment Reporting Information [Line Items]
Interest income	13,035	8,827	9,147
Noninterest income	124,815	63,352	49,541
Total revenue	185,043	85,535	71,267
Interest expense	3,532	662	2,022
Noninterest expenses	71,550	20,774	29,624
Total expenses	102,581	32,020	48,421
Income before taxes	82,462	53,515	22,846
Capital expenditures	0	0	240
Wealth Management | Inter-Segment Eliminations
Segment Reporting Information [Line Items]
Interest income	46,539	12,002	10,747
Noninterest income	654	1,354	1,832
Total revenue	47,193	13,356	12,579
Interest expense	4,517	2,604	3,350
Noninterest expenses	22,814	11,352	9,698
Total expenses	$ 27,331	$ 13,956	$ 13,048

SEGMENT INFORMATION - Net Asset

SEGMENT INFORMATION - Net Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 837,258	$ 1,532,939
Goodwill	883,637	472,828	$ 472,828
Other segment assets	18,193,860	13,771,560
Total assets	19,914,755	15,777,327
WSFS Bank
Segment Reporting Information [Line Items]
Cash and cash equivalents	317,022	1,039,046
Goodwill	753,586	452,629	$ 452,629
Other segment assets	17,824,946	13,481,370
Total assets	18,895,554	14,973,045
Cash Connect
Segment Reporting Information [Line Items]
Cash and cash equivalents	476,850	477,806
Goodwill	0	0
Other segment assets	10,429	6,785
Total assets	487,279	484,591
Wealth Management
Segment Reporting Information [Line Items]
Cash and cash equivalents	43,386	16,087
Goodwill	130,051	20,199
Other segment assets	358,485	283,405
Total assets	$ 531,922	$ 319,691

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income:
Realized (loss) gain on sale of equity investment, net	$ 0	$ (706)	$ 22,052
Unrealized gains (losses) on equity investments, net	0	331	9,076
Other noninterest income	260,134	185,480	201,025
Total revenue	963,949	641,849	715,430
Expense:
Interest expense	40,925	22,720	48,450
Other operating expense	(703,815)	(456,369)	(514,405)
Net expenses	(662,890)	(433,649)	(465,955)
Income before taxes	300,609	357,700	144,956
Income tax benefit	77,961	86,095	31,636
WSFS Financial Corporation
Income:
Interest income	374	357	356
Realized (loss) gain on sale of equity investment, net	0	(706)	0
Unrealized gains (losses) on equity investments, net	5,379	5,389	(1,617)
Other noninterest income	251,382	4,759	208,762
Total revenue	257,135	9,799	207,501
Expense:
Interest expense	11,763	7,771	6,748
Other operating expense	11,489	7,508	2,553
Net expenses	23,252	15,279	9,301
Income (loss) before equity in undistributed income of subsidiaries	233,883	(5,480)	198,200
Equity in undistributed (loss) income of subsidiaries	(12,672)	276,208	(84,346)
Income before taxes	221,211	270,728	113,854
Income tax benefit	(1,164)	(714)	(920)
Net income attributable to WSFS	$ 222,375	$ 271,442	$ 114,774

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 837,258	$ 1,532,939
Other assets	714,554	315,472
Total assets	19,914,755	15,777,327
Liabilities:
Trust preferred borrowings	90,442	67,011
Senior and subordinated debt	248,169	147,939
Accrued interest payable	5,174	736
Other liabilities	777,232	360,036
Total liabilities	17,712,869	13,840,311
Stockholders’ equity:
Common stock	759	577
Capital in excess of par value	1,974,210	1,058,997
Accumulated other comprehensive loss	(675,844)	(37,768)
Retained earnings	1,411,243	1,224,614
Total stockholders’ equity of WSFS	2,205,113	1,939,099
Total liabilities and stockholders’ equity	19,914,755	15,777,327
WSFS Financial Corporation
Assets:
Cash and cash equivalents	205,841	103,708
Investment in subsidiaries	2,320,474	2,045,080
Investment in Trusts(1)	2,785	2,011
Other assets	16,944	4,514
Total assets	2,546,044	2,155,313
Liabilities:
Trust preferred borrowings	90,442	67,011
Senior and subordinated debt	248,169	147,939
Accrued interest payable	1,168	298
Other liabilities	1,152	966
Total liabilities	340,931	216,214
Stockholders’ equity:
Common stock	759	577
Capital in excess of par value	1,974,210	1,058,997
Accumulated other comprehensive loss	(675,844)	(37,768)
Retained earnings	1,411,243	1,224,614
Treasury stock	(505,255)	(307,321)
Total stockholders’ equity of WSFS	2,205,113	1,939,099
Total liabilities and stockholders’ equity	$ 2,546,044	$ 2,155,313

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income attributable to WSFS	$ 222,375	$ 271,442	$ 114,774
Adjustments to reconcile net income to net cash provided by operating activities:
Realized loss on sale of equity investments		(4,400)	(22,800)
Unrealized (gains) losses on equity investments	(5,980)	(5,141)	(761)
Decrease (increase) in other assets	(58,852)	(46,378)	(18,339)
Increase (decrease) in other liabilities	315,065	(4,807)	24,675
Net cash provided by operating activities	480,854	125,648	15,142
Investing activities:
Net cash used in investing activities	(137,367)	(1,492,368)	(874,944)
Financing activities:
Issuance of common stock and exercise of common stock options	3,179	1,522	2,032
Issuance of senior debt	0	0	147,780
Redemption of senior debt	0	(100,000)	0
Purchase of treasury stock	(200,083)	(13,268)	(155,832)
Dividends paid	(35,746)	(24,242)	(24,369)
Net cash (used in) provided by financing activities	(1,039,168)	1,244,924	1,942,785
(Decrease) increase in cash, cash equivalents, and restricted cash	(695,681)	(121,796)	1,082,983
Cash, cash equivalents, and restricted cash at beginning of period	1,532,939	1,654,735	571,752
Cash, cash equivalents, and restricted cash at end of period	837,258	1,532,939	1,654,735
WSFS Financial Corporation
Operating activities:
Net income attributable to WSFS	222,375	271,442	114,774
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed loss (income) of subsidiaries	12,672	(276,208)	84,346
Realized loss on sale of equity investments	0	706	0
Unrealized (gains) losses on equity investments	(5,379)	(5,389)	1,617
Decrease (increase) in other assets	2,569	10,910	(4,537)
Increase (decrease) in other liabilities	812	(6,690)	7,684
Net cash provided by operating activities	233,049	(5,229)	203,884
Investing activities:
Net cash for business combinations	101,734	0	0
Net cash used in investing activities	101,734	0	0
Financing activities:
Issuance of common stock and exercise of common stock options	3,179	1,522	2,032
Issuance of senior debt	0	0	147,780
Redemption of senior debt	0	(100,000)	0
Purchase of treasury stock	(200,083)	(13,268)	(155,832)
Dividends paid	(35,746)	(24,242)	(24,369)
Net cash (used in) provided by financing activities	(232,650)	(135,988)	(30,389)
(Decrease) increase in cash, cash equivalents, and restricted cash	102,133	(141,217)	173,495
Cash, cash equivalents, and restricted cash at beginning of period	103,708	244,925	71,430
Cash, cash equivalents, and restricted cash at end of period	$ 205,841	$ 103,708	$ 244,925

CHANGE IN ACCUMULATED OTHER C_3

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	$ 1,939,099
Other comprehensive income (loss) before reclassifications	(648,898)	$ (92,979)	$ 39,959
Less: Amounts reclassified from accumulated other comprehensive (loss) income	10,822	(796)	(7,453)
Net current-period other comprehensive income (loss)	(638,076)	(93,775)	32,506
Ending Balance	2,205,113	1,939,099
Amortization of unrealized gain on securities reclassified to held-to-maturity, tax expense	(34,319)	32	60
Fannie Mae (FNMA) mortgage-backed securities (MBS)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Amortization of unrealized gain on securities reclassified to held-to-maturity, tax expense	119,800
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(37,768)	56,007	23,501
Ending Balance	(675,844)	(37,768)	56,007
Net change in investment securities available for sale
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(33,873)	59,882	26,927
Other comprehensive income (loss) before reclassifications	(529,660)	(93,503)	39,853
Less: Amounts reclassified from accumulated other comprehensive (loss) income	0	(252)	(6,898)
Net current-period other comprehensive income (loss)	(529,660)	(93,755)	32,955
Ending Balance	(563,533)	(33,873)	59,882
Net change in investment securities held to maturity
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	175	276	468
Other comprehensive income (loss) before reclassifications	(119,769)	0	0
Less: Amounts reclassified from accumulated other comprehensive (loss) income	11,091	(101)	(192)
Net current-period other comprehensive income (loss)	(108,678)	(101)	(192)
Ending Balance	(108,503)	175	276
Net change in defined benefit plan
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(4,691)	(4,788)	(3,317)
Other comprehensive income (loss) before reclassifications	318	162	(1,445)
Less: Amounts reclassified from accumulated other comprehensive (loss) income	(109)	(65)	(26)
Net current-period other comprehensive income (loss)	209	97	(1,471)
Ending Balance	(4,482)	(4,691)	(4,788)
Net unrealized gains on terminated cash flow hedges:
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	268	646	(577)
Other comprehensive income (loss) before reclassifications	0	0	1,560
Less: Amounts reclassified from accumulated other comprehensive (loss) income	(160)	(378)	(337)
Net current-period other comprehensive income (loss)	(160)	(378)	1,223
Ending Balance	108	268	646
Net change in equity method investments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	353	(9)	0
Other comprehensive income (loss) before reclassifications	213	362	(9)
Less: Amounts reclassified from accumulated other comprehensive (loss) income	0	0	0
Net current-period other comprehensive income (loss)	213	362	(9)
Ending Balance	$ 566	$ 353	$ (9)

CHANGE IN ACCUMULATED OTHER C_4

CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains on securities transactions	$ 0	$ 331	$ 9,076
Income taxes	(77,961)	(86,095)	(31,636)
Income before taxes	300,609	357,700	144,956
Net income attributable to WSFS	222,375	271,442	114,774
Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income attributable to WSFS	10,822	(796)	(7,453)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Amortization of defined benefit pension plan-related items:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	35	20	75
Prior service (credits) costs	(76)	(85)	(266)
Actuarial gains	(68)	0	(47)
Income before taxes	(144)	(85)	(313)
Net income attributable to WSFS	(109)	(65)	(238)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Defined benefit pension plan settlement:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	0	0	(67)
Actuarial gains	0	0	279
Net income attributable to WSFS	0	0	212
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Net unrealized gains on terminated cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of net unrealized gains to income during the period	(211)	(497)	(444)
Income taxes	51	119	107
Net income attributable to WSFS	(160)	(378)	(337)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Securities available-for-sale: | Net change in investment securities available for sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains on securities transactions	0	(331)	(9,076)
Income taxes	0	79	2,178
Net income attributable to WSFS	0	(252)	(6,898)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity: | Net change in investment securities available for sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of net unrealized gains to income during the period	14,593	(133)	(251)
Income taxes	(3,502)	32	59
Net income attributable to WSFS	$ 11,091	$ (101)	$ (192)

LEGAL AND OTHER PROCEEDINGS (De

LEGAL AND OTHER PROCEEDINGS (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Additions to other significant pending legal or other proceedings	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Senior Notes 2025 - Subsequent Event $ in Millions	Feb. 15, 2023 USD ($)
Subsequent Event [Line Items]
Redemption price	$ 30
Redemption price, percentage	100%