commercial loan and lease portfolio
“10-K Item 1: 'net loan and lease portfolio of $12.6 billion... We have built a $10.0 billion commercial loan and lease portfolio'”
Updated
The most significant concentration WSFS Financial discloses is commercial loan and lease portfolio, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: WSFS Financial’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'net loan and lease portfolio of $12.6 billion... We have built a $10.0 billion commercial loan and lease portfolio'”
“10-K Item 1A: 'the OCC is the Bank's primary regulator'”
“10-K Item 1A: 'the state of Delaware, southeastern Pennsylvania, southern New Jersey and northern Virginia, as a large portion of our loans are made to clients in these markets'”
The company's disclosed concentration profile is anchored by two high-share structural exposures and a moderate geographic dependency. The commercial loan and lease portfolio represents the defining feature of the asset base, a large high-share concentration by disclosed size — the company has deliberately built its lending operations around commercial lending, which means the credit performance of the institution is tightly coupled to the health of commercial borrowers and the collateral markets that support them. This is structural: it reflects a consistent strategic orientation, not episodic accumulation. The regulatory concentration on the OCC as the bank's primary regulator is a high-share structural exposure that is standard for national banks but worth acknowledging: changes in OCC supervisory priorities, capital expectations, or examination standards have an outsized effect on the company's operating environment relative to a diversified multi-charter institution. Geographically, lending operations are anchored in Delaware, southeastern Pennsylvania, southern New Jersey, and northern Virginia — a moderate, medium-share structural exposure by disclosed size. Regional concentration means that economic deterioration specific to those markets — particularly if linked to the large employer and government-contractor base in the Mid-Atlantic corridor — could affect credit quality more broadly than a nationally distributed book. Together, the commercial lending tilt and regional footprint reinforce each other: a credit cycle turn in the Mid-Atlantic market would stress both the dominant asset class and the primary geographic anchor simultaneously.
For the engine’s reasoning on WSFS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| WSFS● | WSFS Financial Corporation | 2 | 1 | 0 | 3 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.