WSFS Financial (WSFS) in Wilmington, Del., warned that its fourth-quarter results will include a nearly $4 million hit from paying off Federal Home Loan Bank advances.

The $4.3 billion-asset company said in a regulatory filing Thursday that it prepaid $125 million in FHLB advances and is planning to reduce the size of its mortgage-backed securities portfolio by another $125 million. The FHLB prepayment incurred a penalty of $3.7 million, the filing said.

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