Revenue From Contracts With Customers (Tables)

6 Months Ended

Jun. 30, 2023

Revenue From Contracts With Customers [Abstract]

As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.


	Three Months Ended June 30, 2023
	2023				2022
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	539,888	$	—	$	350,518	$	—
Noninterest Income:
Service charges on deposit accounts	4,315		4,315		3,634		3,634
Other commissions and fees	11,241		4,124		10,813		4,001
Leased equipment income	22,387		—		12,335		—
(Loss) gain on sale of loans	(158,881)		—		12		—
Loss on sale of securities	—		—		(1,209)		—
Dividends and gains on equity investments	2,658		—		4,097		—
Warrant (loss) income	(124)		—		1,615		—
LOCOM HFS adjustment	(11,943)		—		—		—
Other income	2,265		240		3,049		65
Total noninterest (loss) income	(128,082)		8,679		34,346		7,700
Total Revenue	$	411,806	$	8,679	$	384,864	$	7,700

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,
	2023		2022
	(In thousands)
Products and services transferred at a point in time	$	3,849	$	3,771
Products and services transferred over time	4,830		3,929
Total revenue from contracts with customers	$	8,679	$	7,700


	Six Months Ended June 30,
	2023				2022
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	1,057,676	$	—	$	673,422	$	—
Noninterest Income:
Service charges on deposit accounts	7,888		7,888		7,205		7,205
Other commissions and fees	21,585		8,555		22,393		7,774
Leased equipment income	36,244		—		25,429		—
(Loss) gain on sale of loans	(155,919)		—		72		—
Loss on sale of securities	—		—		(1,105)		—
Dividends and (losses) gains on equity investments	3,756		—		(7,278)		—
Warrant (loss) income	(457)		—		2,244		—
LOCOM HFS adjustment	(11,943)		—		—		—
Other income	7,155		510		6,204		63
Total noninterest (loss) income	(91,691)		16,953		55,164		15,042
Total Revenue	$	965,985	$	16,953	$	728,586	$	15,042

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,
	2023		2022
	(In thousands)
Products and services transferred at a point in time	$	8,201	$	7,697
Products and services transferred over time	8,752		7,345
Total revenue from contracts with customers	$	16,953	$	15,042

Contract with Customer, Asset and Liability

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


	June 30, 2023		December 31, 2022
	(In thousands)
Receivables, which are included in "Other assets"	$	1,548	$	1,403

Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	453	$	488