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Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers

TCF earns a variety of revenue, including interest and fees, from customers, as well as revenues from noncustomers. The majority of TCF's sources of revenue are included in interest income and noninterest income and are outside of the scope of ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"). Other sources of revenue fall within the scope of ASC 606 and are mostly included in noninterest income.

TCF recognizes revenue when the performance obligations related to the transfer of goods or services under the terms of a contract are satisfied. Some obligations are satisfied at a point in time, while others are satisfied over a period of time. Revenue is recognized as the amount of consideration expected to be received in exchange for transferring goods or services to a customer and is segregated based on the nature of product and services offered as part of contractual arrangements. Revenue streams within the scope of ASC 606 are discussed below.

•
Fees and Service Charges on Deposit Accounts Fees and service charges on deposit accounts includes fees and other charges TCF receives to provide various services, including but not limited to, service charges on deposit accounts and other fees including account analysis fees, monthly service fees, overdraft services, transferring funds, and accepting and executing stop-payment orders. TCF's performance obligation for account analysis fees and monthly service fees are generally satisfied and, therefore, revenue is recognized over the period in which the service is provided. Deposit account related fees are largely transactional based, and therefore, the performance obligation is satisfied and the related revenue is recognized at the point in time when the transaction occurs.

•
Wealth Management Revenue Wealth management revenue includes fee income generated from personal and institutional customers. TCF also provides investment management services. Revenue is recognized over the period of time the services are rendered. Wealth management revenue also includes commissions that are earned for placing a brokerage transaction for execution. Revenue is recognized once the transaction is completed and TCF is entitled to receive consideration.

•
Card and ATM Revenue Card and ATM revenue includes ATM surcharges and debit card related revenue. ATM surcharges and certain debit card fees are transactional based and, therefore, the performance obligation is satisfied and the related revenue is recognized at the point in time when the transaction occurs. Other debit card fees satisfied over a period of time are recognized over the period in which the service is provided.

•
Other Noninterest Income Other noninterest income includes wire transfer fees, safe deposit box income and check orders. The consideration includes both fixed (e.g., safe deposit box fees) and transaction (i.e., wire-transfer fee and check orders) fees. Fixed fees are recognized over the period of time the service is provided, while transaction fees are recognized when a specific service is rendered to the customer.

•
Net Foreclosed Real Estate and Repossessed Assets Expense Net foreclosed real estate and repossessed assets expense includes net gain or loss on sales of other real estate owned and repossessed assets. Revenue is recognized at the time the sale is complete and TCF is entitled to receive consideration, including sales that are seller financed as receipt of all payment is expected.

The following tables present total noninterest income segregated between contracts with customers within the scope of ASC 606 and those within the scope of other GAAP topics.
 
Three Months Ended September 30, 2019
 
Within the scope of ASC 606
 
Out of scope of ASC 606
 
Total
(In thousands)
Consumer Banking
 
Commercial Banking
 
Enterprise Services
 
Noninterest income
 
 
 
 
 
 
 
 
 
Fees and service charges on deposit accounts
$
29,198

 
$
1,308

 
$
—

 
$
3,878

 
$
34,384

Wealth management revenue
1,047

 
—

 
—

 
3,194

 
$
4,241

Card and ATM revenue
21,476

 
23

 
—

 
1,816

 
$
23,315

Other noninterest income
137

 
(2,887
)
 
2,610

 
(12,169
)
 
$
(12,309
)
Total
$
51,858

 
$
(1,556
)
 
$
2,610

 
$
(3,281
)
 
$
49,631

Noninterest expense
 
 
 
 
 
 
 
 
 
Net foreclosed real estate and repossessed assets
$
(593
)
 
$
214

 
$
—

 
$
2,582

 
$
2,203

 
Three Months Ended September 30, 2018
 
Within the scope of ASC 606
 
Out of scope of ASC 606
 
Total
(In thousands)
Consumer Banking
 
Commercial Banking
 
Enterprise Services
 
Noninterest income
 
 
 
 
 
 
 
 
 
Fees and service charges on deposit accounts
$
28,055

 
$
1,082

 
$
—

 
$
38

 
$
29,175

Wealth management revenue
—

 
—

 
—

 
—

 
$
—

Card and ATM revenue
19,999

 
14

 
—

 
61

 
$
20,074

Other noninterest income
(100
)
 
(2,649
)
 
4,686

 
4,306

 
$
6,243

Total
$
47,954

 
$
(1,553
)
 
$
4,686

 
$
4,405

 
$
55,492

Noninterest expense
 
 
 
 
 
 
 
 
 
Net foreclosed real estate and repossessed assets
$
215

 
$
(59
)
 
$
—

 
$
3,724

 
$
3,880

 
Nine Months Ended September 30, 2019
 
Within the scope of ASC 606
 
Out of scope of ASC 606
 
Total
(In thousands)
Consumer Banking
 
Commercial Banking
 
Enterprise Services
 
Noninterest income
 
 
 
 
 
 
 
 
 
Fees and service charges on deposit accounts
$
81,098

 
$
3,504

 
$
—

 
$
3,902

 
$
88,504

Wealth management revenue
1,047

 
—

 
—

 
3,194

 
$
4,241

Card and ATM revenue
60,581

 
62

 
—

 
1,827

 
$
62,470

Other noninterest income
1,504

 
(5,271
)
 
9,986

 
(6,531
)
 
$
(312
)
Total
$
144,230

 
$
(1,705
)
 
$
9,986

 
$
2,392

 
$
154,903

Noninterest expense
 
 
 
 
 
 
 
 
 
Net foreclosed real estate and repossessed assets
$
(152
)
 
$
536

 
$
—

 
$
8,897

 
$
9,281

 
Nine Months Ended September 30, 2018
 
Within the scope of ASC 606
 
Out of scope of ASC 606
 
Total
(In thousands)
Consumer Banking
 
Commercial Banking
 
Enterprise Services
 
Noninterest income
 
 
 
 
 
 
 
 
 
Fees and service charges on deposit accounts
$
80,468

 
$
3,137

 
$
—

 
$
98

 
$
83,703

Wealth management revenue
—

 
—

 
—

 
—

 
$
—

Card and ATM revenue
58,095

 
39

 
—

 
179

 
$
58,313

Other noninterest income
33,729

 
(6,771
)
 
15,112

 
(21,450
)
 
$
20,620

Total
$
172,292

 
$
(3,595
)
 
$
15,112

 
$
(21,173
)
 
$
162,636

Noninterest expense
 
 
 
 
 
 
 
 
 
Net foreclosed real estate and repossessed assets
$
719

 
$
(108
)
 
$
—

 
$
12,043

 
$
12,654



Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity's obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. TCF's noninterest income streams are largely based on transactional activity, or standard month-end revenue accruals such as asset management fees based on month-end market values. Consideration is most often received immediately or shortly after TCF satisfies its performance obligation and revenue is recognized. TCF does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances.