Revenue From Contracts With Customers

9 Months Ended

Sep. 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 September 30,
	2022				2021
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	410,044	$	—	$	290,082	$	—
Noninterest Income:
Service charges on deposit accounts	3,608		3,608		3,407		3,407
Other commissions and fees	10,034		3,834		11,792		2,680
Leased equipment income	12,835		—		10,943		—
Gain on sale of loans	58		—		—		—
Gain on sale of securities	86		—		515		—
Dividends and gains on equity securities	3,228		—		8,387		—
Warrant income	292		—		13,578		—
Other income	8,478		359		2,723		(14)
Total noninterest income	38,619		7,801		51,345		6,073
Total Revenue	$	448,663	$	7,801	$	341,427	$	6,073

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,
	2022		2021
	(In thousands)
Products and services transferred at a point in time	$	3,718	$	2,754
Products and services transferred over time	4,083		3,319
Total revenue from contracts with customers	$	7,801	$	6,073

	Nine Months Ended September 30,
	2022				2021
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	1,083,466	$	—	$	843,924	$	—
Noninterest Income:
Service charges on deposit accounts	10,813		10,813		9,793		9,793
Other commissions and fees	32,427		11,608		31,654		8,140
Leased equipment income	38,264		—		33,144		—
Gain on sale of loans	130		—		1,561		—
(Loss) gain on sale of securities	(1,019)		—		616		—
Dividends and (losses) gains on equity securities	(4,050)		—		24,685		—
Warrant income	2,536		—		25,351		—
Other income	14,682		422		9,741		560
Total noninterest income	93,783		22,843		136,545		18,493
Total Revenue	$	1,177,249	$	22,843	$	980,469	$	18,493

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,
	2022		2021
	(In thousands)
Products and services transferred at a point in time	$	11,415	$	8,819
Products and services transferred over time	11,428		9,674
Total revenue from contracts with customers	$	22,843	$	18,493

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, 2022		December 31, 2021
	(In thousands)
Receivables, which are included in "Other assets"	$	1,306	$	1,066
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	131	$	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 nine months ended September 30, 2022 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $98,000.