Revenue From Contracts With Customers (Tables)

9 Months Ended

Sep. 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 September 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	$	446,084	$	—	$	410,044	$	—
Noninterest Income:
Service charges on deposit accounts	4,018		4,018		3,608		3,608
Other commissions and fees	7,641		3,974		10,034		3,834
Leased equipment income	14,554		—		12,835		—
(Loss) gain on sale of loans	(1,901)		—		58		—
Loss on sale of securities	—		—		86		—
Dividends and gains on equity investments	3,837		—		3,228		—
Warrant (loss) income	(88)		—		292		—
LOCOM HFS adjustment	307		—		—		—
Other income	15,440		117		8,478		359
Total noninterest (loss) income	43,808		8,109		38,619		7,801
Total Revenue	$	489,892	$	8,109	$	448,663	$	7,801

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,
	2023		2022
	(In thousands)
Products and services transferred at a point in time	$	3,698	$	3,718
Products and services transferred over time	4,411		4,083
Total revenue from contracts with customers	$	8,109	$	7,801


	Nine Months Ended September 30,
	2023				2022
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	1,503,760	$	—	$	1,083,466	$	—
Noninterest Income:
Service charges on deposit accounts	11,906		11,906		10,813		10,813
Other commissions and fees	29,226		12,528		32,427		11,608
Leased equipment income	50,798		—		38,264		—
(Loss) gain on sale of loans	(157,820)		—		130		—
Loss on sale of securities	—		—		(1,019)		—
Dividends and (losses) gains on equity investments	7,593		—		(4,050)		—
Warrant (loss) income	(545)		—		2,536		—
LOCOM HFS adjustment	(11,636)		—		—		—
Other income	22,595		628		14,682		422
Total noninterest (loss) income	(47,883)		25,062		93,783		22,843
Total Revenue	$	1,455,877	$	25,062	$	1,177,249	$	22,843

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,
	2023		2022
	(In thousands)
Products and services transferred at a point in time	$	11,899	$	11,415
Products and services transferred over time	13,163		11,428
Total revenue from contracts with customers	$	25,062	$	22,843

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:


	September 30, 2023		December 31, 2022
	(In thousands)
Receivables, which are included in "Other assets"	$	1,477	$	1,403

Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	435	$	488