Revenue From Contracts With Customers

6 Months Ended

Jun. 30, 2020

Revenue From Contracts With Customers [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

The following table presents interest income and noninterest income, the components of total revenue, as disclosed in the condensed consolidated statements of earnings (loss) and the related amounts which are from contracts with customers within the scope of ASC Topic 606, "Revenue from Contracts with Customers," for the periods indicated. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.


	Three Months Ended June 30,
	2020						2019
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	274,075	$	—	$	314,533	$	—
Noninterest income:
Service charges on deposit accounts	2,004		2,004		3,771		3,771
Other commissions and fees	10,111		3,006		11,590		5,158
Leased equipment income	12,037		—		9,182		—
Gain on sale of loans	346		—		326		—
Gain on sale of securities	7,715		—		22,192		—
Other income	6,645		336		3,832		454
Total noninterest income	38,858		5,346		50,893		9,383
Total revenue	$	312,933	$	5,346	$	365,426	$	9,383

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:


	Three Months Ended
	June 30,
	2020		2019
	(In thousands)
Products and services transferred at a point in time	$	2,727	$	4,987
Products and services transferred over time	2,619		4,396
Total revenue from contracts with customers	$	5,346	$	9,383


	Six Months Ended June 30,
	2020						2019
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	565,407	$	—	$	619,092	$	—
Noninterest income:
Service charges on deposit accounts	4,662		4,662		7,501		7,501
Other commissions and fees	19,832		7,160		22,598		9,696
Leased equipment income	24,288		—		18,464		—
Gain on sale of loans	433		—		326		—
Gain on sale of securities	7,897		—		24,353		—
Other income	10,846		672		8,715		825
Total noninterest income	67,958		12,494		81,957		18,022
Total revenue	$	633,365	$	12,494	$	701,049	$	18,022

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:


	Six Months Ended
	June 30,
	2020		2019
	(In thousands)
Products and services transferred at a point in time	$	6,963	$	9,533
Products and services transferred over time	5,531		8,489
Total revenue from contracts with customers	$	12,494	$	18,022

Contract Balances

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:


	June 30, 2020		December 31, 2019
	(In thousands)
Receivables, which are included in "Other assets"	$	936	$	1,094
Contract assets, which are included in "Other assets"	$	—	$	—
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	425	$	490

Contract liabilities relate to advance consideration received from customers for which revenue is recognized over the life of the contract. The change in contract liabilities for the six months ended June 30, 2020 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $65,000.