Revenue From Contracts With Customers

9 Months Ended

Sep. 30, 2021

Revenue From Contracts With Customers [Abstract]

Revenue from Contracts with Customers

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,
	2021				2020
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	290,082	$	—	$	265,908	$	—
Noninterest income:
Service charges on deposit accounts	3,407		3,407		2,570		2,570
Other commissions and fees	11,792		2,680		10,541		3,228
Leased equipment income	10,943		—		9,900		—
Gain on sale of loans	—		—		35		—
Gain on sale of securities	515		—		5,270		—
Other income	24,688		(14)		9,936		289
Total noninterest income	51,345		6,073		38,252		6,087
Total revenue	$	341,427	$	6,073	$	304,160	$	6,087

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,
	2021		2020
	(In thousands)
Products and services transferred at a point in time	$	2,754	$	3,189
Products and services transferred over time	3,319		2,898
Total revenue from contracts with customers	$	6,073	$	6,087

	Nine Months Ended September 30,
	2021				2020
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	843,924	$	—	$	831,315	$	—
Noninterest income:
Service charges on deposit accounts	9,793		9,793		7,232		7,232
Other commissions and fees	31,654		8,140		30,373		10,388
Leased equipment income	33,144		—		34,188		—
Gain on sale of loans	1,561		—		468		—
Gain on sale of securities	616		—		13,167		—
Other income	59,777		560		20,782		961
Total noninterest income	136,545		18,493		106,210		18,581
Total revenue	$	980,469	$	18,493	$	937,525	$	18,581

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,
	2021		2020
	(In thousands)
Products and services transferred at a point in time	$	8,819	$	10,152
Products and services transferred over time	9,674		8,429
Total revenue from contracts with customers	$	18,493	$	18,581

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, 2021		December 31, 2020
	(In thousands)
Receivables, which are included in "Other assets"	$	1,219	$	1,046
Contract assets, which are included in "Other assets"	$	—	$	—
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	261	$	359

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, 2021 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $98,000.