REVENUE RECOGNITION

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

NOTE 13 – REVENUE RECOGNITION

The majority of the Company’s revenues come from interest income on financial instruments, including loans, leases, securities and derivatives, which are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented with non-interest income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 include service charges and fees on deposits, debit card income, investment referral income, insurance sales commissions and other non-interest income related to loans and deposits.

Except for gains or losses from the sale of other real estate owned, all of the Company’s revenue from contracts with customers within the scope of ASC 606 are recognized in non-interest income. The following table presents the Company’s sources of non-interest income for the three and six months ended June 30, 2023 and 2022.

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Non-interest income
Service charges and fees	$	2,653		$	2,617		$	5,198		$	5,139
Debit card income		2,653			2,810			5,207			5,438
Mortgage banking(a)		213			428			301			990
Increase in bank-owned life insurance(a)		757			736			2,340			1,601
Net gain (loss) on acquisitions (a)		—			540			—			540
Net gain (loss) from securities transactions(a)		(1,322	)		(32	)		(1,290	)		8
Other
Investment referral income		118			140			207			283
Trust income		268			264			508			557
Insurance sales commissions		28			47			141			113
Recovery on zero-basis purchased loans(a)		507			13			513			33
Income (loss) from equity method investments(a)		(56	)		(56	)		(111	)		(111	)
Other non-interest income related to loans     and deposits		1,150			2,113			2,512			4,044
Other non-interest income not related to     loans and deposits(a)		(19	)		17			24			24
Total other non-interest income		1,996			2,538			3,794			4,943
Total	$	6,950		$	9,637		$	15,550		$	18,659
(a) Not within the scope of ASC 606.