Revenue Recognition

3 Months Ended

Mar. 31, 2020

2.Revenue Recognition

Under ASC Topic 606, management determined that the primary sources of revenue emanating from interest and dividend income on loans and investments along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans sold and earnings on bank-owned life insurance are not within the scope of this Topic.

The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31:


		Three months ended
		March 31,

(dollars in thousands)

Noninterest Income		2020		2019
In-scope of Topic 606:
Service charges on deposit accounts	$	96	$	67
ATM fees		95		90
Overdraft fees		344		351
Safe deposit box rental		29		26
Loan related service fees		100		129
Debit card fees		344		326
Fiduciary activities		153		142
Commissions on mutual funds and annuities		38		55
Other income		132		115
Noninterest Income (in-scope of Topic 606)		1,331		1,301

Out-of-scope of Topic 606:
Net realized gains on sales of securities		38		-
Loan servicing fees		21		15
Gains on sales of loans		56		42
Earnings on and proceeds from bank-owned life insurance		208		202
Noninterest Income (out-of-scope of Topic 606)		323		259
Total Noninterest Income	$	1,654	$	1,560