Thirty interferometric synthetic aperture radar (InSAR) images, spanning various intervals during 1992–2000, document coeruptive and posteruptive deformation of the 1992–1993 eruption on Seguam Island, Alaska. A procedure that combines standard damped least squares inverse methods and collective surfaces, identifies three dominant amorphous clusters of deformation point sources. Predictions generated from these three point source clusters account for both the spatial and temporal complexity of the deformation patterns of the InSAR data. Regularized time series of source strength attribute a distinctive transient behavior to each of the three source clusters. A model that combines magma influx, thermoelastic relaxation, poroelastic effects, and petrologic data accounts for the transient, interrelated behavior of the source clusters and the observed deformation. Basaltic magma pulses, which flow into a storage chamber residing in the lower crust, drive this deformational system. A portion of a magma pulse is injected into the upper crust and remains in storage during both coeruption and posteruption intervals. This injected magma degasses and the volatile products accumulate in a shallow poroelastic storage chamber. During the eruption, another portion of the magma pulse is transported directly to the surface via a conduit roughly centered beneath Pyre Peak on the west side of the island. A small amount of this magma remains in storage during the eruption, and posteruption thermoelastic contraction ensues. This model, made possible by the excellent spatial and temporal coverage of the InSAR data, reveals a relatively simple system of interrelated predictable processes driven by magma dynamics.