Revenue From Contracts With Customers

6 Months Ended

Jun. 30, 2022

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 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,
	2022				2021
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	350,518	$	—	$	280,505	$	—
Noninterest income:
Service charges on deposit accounts	3,634		3,634		3,452		3,452
Other commissions and fees	10,813		4,001		10,704		2,603
Leased equipment income	12,335		—		10,847		—
Gain on sale of loans	12		—		1,422		—
Loss on sale of securities	(1,209)		—		—		—
Dividends and gains on equity securities	4,097		—		5,394		—
Warrant income	1,615		—		5,650		—
Other income	3,049		65		2,902		394
Total noninterest income	34,346		7,700		40,371		6,449
Total revenue	$	384,864	$	7,700	$	320,876	$	6,449

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,
	2022		2021
	(In thousands)
Products and services transferred at a point in time	$	3,771	$	3,068
Products and services transferred over time	3,929		3,381
Total revenue from contracts with customers	$	7,700	$	6,449

	Six Months Ended June 30,
	2022				2021
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total interest income	$	673,422	$	—	$	553,842	$	—
Noninterest income:
Service charges on deposit accounts	7,205		7,205		6,386		6,386
Other commissions and fees	22,393		7,774		19,862		5,460
Leased equipment income	25,429		—		22,201		—
Gain on sale of loans	72		—		1,561		—
(Loss) gain on sale of securities	(1,105)		—		101		—
Dividends and (losses) gains on equity securities	(7,278)		—		16,298		—
Warrant income	2,244		—		11,773		—
Other income	6,204		63		7,018		574
Total noninterest income	55,164		15,042		85,200		12,420
Total revenue	$	728,586	$	15,042	$	639,042	$	12,420

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,
	2022		2021
	(In thousands)
Products and services transferred at a point in time	$	7,697	$	6,065
Products and services transferred over time	7,345		6,355
Total revenue from contracts with customers	$	15,042	$	12,420

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, 2022		December 31, 2021
	(In thousands)
Receivables, which are included in "Other assets"	$	1,406	$	1,066
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	163	$	229

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, 2022 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $66,000.