Revenue From Contracts With Customers

9 Months Ended

Sep. 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 September 30,
	2020				2019
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	265,908	$	—	$	307,208	$	—
Noninterest income:
Service charges on deposit accounts	2,570		2,570		3,525		3,525
Other commissions and fees	10,541		3,228		10,855		4,965
Leased equipment income	9,900		—		9,615		—
Gain on sale of loans	35		—		765		—
Gain on sale of securities	5,270		—		908		—
Other income	9,936		289		7,761		428
Total noninterest income	38,252		6,087		33,429		8,918
Total revenue	$	304,160	$	6,087	$	340,637	$	8,918

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


	Three Months Ended
	September 30,
	2020		2019
	(In thousands)
Products and services transferred at a point in time	$	3,189	$	5,046
Products and services transferred over time	2,898		3,872
Total revenue from contracts with customers	$	6,087	$	8,918


	Nine Months Ended September 30,
	2020				2019
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	831,315	$	—	$	926,300	$	—
Noninterest income:
Service charges on deposit accounts	7,232		7,232		11,026		11,026
Other commissions and fees	30,373		10,388		33,453		14,661
Leased equipment income	34,188		—		28,079		—
Gain on sale of loans	468		—		1,091		—
Gain on sale of securities	13,167		—		25,261		—
Other income	20,782		961		16,476		1,253
Total noninterest income	106,210		18,581		115,386		26,940
Total revenue	$	937,525	$	18,581	$	1,041,686	$	26,940

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


	Nine Months Ended
	September 30,
	2020		2019
	(In thousands)
Products and services transferred at a point in time	$	10,152	$	14,579
Products and services transferred over time	8,429		12,361
Total revenue from contracts with customers	$	18,581	$	26,940

Contract Balances

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


	September 30, 2020		December 31, 2019
	(In thousands)
Receivables, which are included in "Other assets"	$	1,207	$	1,094
Contract assets, which are included in "Other assets"	$	—	$	—
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	392	$	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 nine months ended September 30, 2020 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $98,000.