Interest income, net securities gains and bank-owned life insurance are not in scope of ASC 606, Revenue from Contracts with Customers. For the revenue streams in scope of ASC 606 - trust fees, service charges on deposits, net securities brokerage revenue, payment processing fees, digital banking income, net swap fee and valuation income, mortgage banking income and net gain on other real estate owned and other assets – there are no significant judgments related to the amount and timing of revenue recognition.

The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams for the three months ended March 31, 2024 and 2023, respectively:


	Point of Revenue	For the Three Months Ended March 31,
(unaudited, in thousands)	Recognition	2024		2023
Revenue Streams
Trust fees
Trust account fees	Over time	$	6,099	$	5,605
WesMark fees	Over time		1,983		1,889
Total trust fees			8,082		7,494
Service charges on deposits
Commercial banking fees	Over time		1,188		609
Personal service charges	At a point in time and over time		5,596		5,561
Total service charges on deposits			6,784		6,170
Net securities brokerage revenue
Annuity commissions	At a point in time		1,972		2,046
Equity and debt security trades	At a point in time		80		—
Managed money	Over time		254		283
Trail commissions	Over time		242		247
Total net securities brokerage revenue			2,548		2,576

Payment processing fees (1)	At a point in time and over time		829		871
Digital banking income	At a point in time		4,704		4,605
Net swap fee and valuation income (2)	At a point in time		1,563		799
Mortgage banking income	At a point in time		693		426
Net gain on other real estate owned and other assets	At a point in time and over time		154		232

(1)

Included in other non-interest income.

(2)

The portion of this line item relating to the change in the fair value of the underlying swaps is not within the scope of ASC 606, and totaled gains (losses) of $0.8 million and ($1.0) million for the three months ended March 31, 2024 and 2023, respectively.