WSFS Bank : Investor Relations : Financial Highlights Annual

WSFS Bank : We Stand For Service

• Branch/ATM Locator

Access My WSFS Accounts

The Latest from WSFS

WSFS Announces Pet Contest Winners

WSFS Named #1 to the "Top Workplaces" List for 2nd Year

Limited Time Only 2.50% APY* CD Promo Open Online Today!

Annual Reports

WSFS Financial Corporation

2009 Annual Report
2010 Proxy Report
2010 Proxy Card

2008 Annual Report
4808K PDF File

2007 Annual Report
1005K PDF File

If you wish to receive future WSFS Annual Reports and Proxy Statements via email rather than in print, please email us at stockholderrelations@wsfsbank.com or call 1-888-WSFSBANK.

Financial Highlights

Trend Analysis‒Annual (click here for Quarterly Analysis)

Balance Sheet ($000)
	2009Y	2008Y	09/08 Ch (%)	2007Y	08/07 Ch (%)
Loans Held for Investment, before Reserves	2,524,325	2,472,749	2.08	2,256,828	9.57
Loans Held for Sale, before Reserves	8,366	2,275	267.74	2,404	-5.37
Loan Loss Reserve	53,446	31,189	71.36	25,252	23.51
Net Loans Receivable	2,479,155	2,443,835	1.45	2,233,980	9.39
Intangible Assets	13,651	15,716	-13.14	3,020	420.40
Total Assets	3,748,507	3,432,560	9.20	3,200,188	7.26
Deposits	2,561,871	2,122,352	20.71	1,827,161	16.16
Debt, Senior and Subordinated	854,809	1,066,745	-19.87	1,135,160	-6.03
Common Equity	249,175	216,635	15.02	211,330	2.51
Total Shareholders' Equity	301,800	216,635	39.31	211,330	2.51
Shares Outstanding (actual)	7,080,000	6,159,000	14.95	6,166,796	-0.13

Income Statement ($000)
	2009Y	2008Y	09/08 Ch (%)	2007Y	08/07 Ch (%)
Net Interest Income	104,644	89,219	17.29	82,009	8.79
Provision for Loan Losses	47,811	23,024	107.66	5,021	358.55
Noninterest Income	50,241	45,989	9.25	48,166	-4.52
Noninterest Expense	108,504	89,098	21.78	82,031	8.62
Net Income Before Taxes	-1,430	23,086	-106.19	43,123	-46.46
Provision for Taxes	-2,093	6,950	-130.12	13,474	-48.42
Net Income	-1,927	16,136	-111.94	29,649	-45.58

Per Share Items ($)
	2009Y	2008Y	09/08 Ch (%)	2007Y	08/07 Ch (%)
Book Value per Share	42.63	35.17	21.21	34.27	2.63
Tangible Book Value	40.70	32.62	24.77	33.78	-3.43
Diluted EPS Before Extra	-0.30	2.57	-111.67	4.55	-43.52
Diluted EPS After Extra	-0.30	2.57	-111.67	4.55	-43.52
Dividends Declared	0.48	0.46	4.35	0.38	21.05

Performance Ratios (%)
	2009Y	2008Y	09/08 Ch (bp)	2007Y	08/07 Ch (bp)
ROAA	0.02	0.50	(48)	0.98	(48)
ROAE	0.24	7.30	(706)	14.34	(704)
Net Interest Margin	3.30	3.13	17	3.09	4
Loans / Deposits	98.53	116.51	(1,798)	123.52	(701)
Efficiency Ratio	69.56	65.36	420	62.48	288

Balance Sheet Ratios (bp)
	2009Y	2008Y	09/08 Ch (bp)	2007Y	08/07 Ch (bp)
Tangible Equity/ Tangible Assets	7.72	5.88	184	6.52	(64)
Equity/ Assets	8.05	6.31	174	6.60	(29)

Asset Quality Ratios (bp)
	2009Y	2008Y	09/08 Ch (bp)	2007Y	08/07 Ch (bp)
Nonperforming Assets/ Assets	2.19	1.04	115	0.99	5
Loan Loss Reserves/ Gross Loans	2.12	1.26	86	1.12	14
Loan Loss Reserves/ NPAs	65.05	87.22	(2,217)	79.39	783
Net Charge-offs/ Avg Loans	1.01	0.74	27	0.34	40

Regulatory Capital Ratios (bp)
	2009Y	2008Y	09/08 Ch (bp)	2007Y	08/07 Ch (bp)
Tier 1 Capital Ratio (bp)	11.02	9.90	112	11.16	(126)

© Wilmington Savings Fund Society, FSB | Member FDIC |
Privacy Policy | Terms of Use | Site Map