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 and six months ended June 30, 2024 and 2023, respectively:


	Point of Revenue	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(unaudited, in thousands)	Recognition	2024		2023		2024		2023
Revenue Streams
Trust fees
Trust account fees	Over time	$	5,305	$	5,009	$	11,405	$	10,614
WesMark fees	Over time		1,998		1,909		3,980		3,798
Total trust fees			7,303		6,918		15,385		14,412
Service charges on deposits
Commercial banking fees	Over time		1,297		650		2,485		1,259
Personal service charges	At a point in time and over time		5,814		5,582		11,410		11,142
Total service charges on deposits			7,111		6,232		13,895		12,401
Net securities brokerage revenue
Annuity commissions	At a point in time		1,978		1,840		3,950		3,885
Equity and debt security trades	At a point in time		70		149		150		149
Managed money	Over time		272		284		526		567
Trail commissions	Over time		281		250		523		497
Total net securities brokerage revenue			2,601		2,523		5,149		5,098

Payment processing fees (1)	At a point in time and over time		906		951		1,734		1,822
Digital banking income	At a point in time		5,040		5,010		9,745		9,615
Net swap fee and valuation income (2)	At a point in time		1,776		2,612		3,339		3,411
Mortgage banking income	At a point in time		1,069		601		1,762		1,027
Net gain on other real estate owned and other assets	At a point in time and over time		34		871		188		1,104

(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. Fair value adjustments were immaterial for the three months ended June 30, 2024 and $0.2 million for the three months ended June 30, 2023. Fair value adjustments were $0.8 million and ($0.9) million for the six months ended June 30, 2024 and 2023, respectively.