XML 46 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Reclassification of Bank Card Transaction Fees [Table Text Block]
The Company has concluded that the new guidance did not require any significant change to its revenue recognition processes. However, application of the new guidance resulted in a reclassification of certain bank card related network and rewards costs, previously classified as non-interest expense, to a reduction to non-interest income in the Company’s consolidated statements of income. The reclassification had no effect on prior period net income or net income per share. The Company adopted ASU 2014-09 on a full retrospective basis, in which each prior reporting period has been presented in accordance with the new guidance.

The table below shows the effect of this reclassification on bank card fee income and non-interest expense for the three and nine months ended September 30, 2017.
 
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
(In thousands)
 
As Previously Reported
Adoption of ASU 2014-09
As Adjusted
 
As Previously Reported
Adoption of ASU 2014-09
As Adjusted
Non-interest income:
 
 
 
 
 
 
 
 
Bank card transaction fees
 
$
44,521

$
(5,355
)
$
39,166

 
$
132,724

$
(20,512
)
$
112,212

 Total non-interest income
 
122,242

(5,355
)
116,887

 
362,392

(20,512
)
341,880

Non-interest expense:
 
 
 
 
 
 
 
 
Data processing and software
 
$
22,700

$
(2,732
)
$
19,968

 
$
69,153

$
(9,245
)
$
59,908

Other
 
17,862

(2,623
)
15,239

 
57,587

(11,267
)
46,320

 Total non-interest expense
 
184,572

(5,355
)
179,217

 
555,996

(20,512
)
535,484
Disaggregation of Revenue [Table Text Block]
The following table disaggregates non-interest income subject to ASU 2014-09 by major product line.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(In thousands)
2018
2017
 
2018
2017
Bank card transaction fees
$
42,427

$
39,166

 
$
127,095

$
112,212

Trust fees
37,400

34,620

 
110,498

99,754

Deposit account charges and other fees
23,755

22,659

 
70,630

67,462

Consumer brokerage services
3,884

3,679

 
11,623

11,054

Other non-interest income
6,977

7,456

 
21,140

23,622

Total non-interest income from contracts with customers
114,443

107,580

 
340,986

314,104

Other non-interest income (a)
9,271

9,307

 
27,268

27,776

Total non-interest income
$
123,714

$
116,887

 
$
368,254

$
341,880

(a) This revenue is not within the scope of ASU 2014-09, and includes fees relating to capital market activities, loan fees and sales, derivative instruments, standby letters of credit and various other transactions.
Contract with Customer, Asset and Liability [Table Text Block]
The following table presents the opening and closing receivable balances for the nine month periods ended September 30, 2018 and 2017 for the Company’s significant revenue categories subject to ASU 2014-09.
(In thousands)
September 30, 2018
December 31, 2017
 
September 30, 2017
December 31, 2016
Bank card transaction fees
$
10,591

$
13,315

 
$
10,296

$
14,686

Trust fees
2,533

2,802

 
2,680

2,681

Deposit account charges and other fees
5,176

5,597

 
4,972

5,735

Consumer brokerage services
521

380

 
390

309
Bank Card Transaction Fees [Table Text Block]
The following table presents the components of bank card fee income.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(In thousands)
2018
2017
 
2018
2017
Debit card:
 
 
 
 
 
Fee income
$
10,396

$
9,986

 
$
30,740

$
29,952

Expense for network charges
(479
)
(752
)
 
(1,225
)
(4,323
)
Net debit card fees
9,917

9,234

 
29,515

25,629

 
 
 
 
 
 
Credit card:
 
 
 
 
 
Fee income
6,826

6,371

 
19,671

18,594

Expense for network charges and rewards
(4,246
)
(2,811
)
 
(10,494
)
(8,480
)
Net credit card fees
2,580

3,560

 
9,177

10,114

 
 
 
 
 
 
Corporate card:
 
 
 
 
 
Fee income
50,187

45,413

 
147,204

131,093

Expense for network charges and rewards
(25,437
)
(23,843
)
 
(73,666
)
(69,663
)
Net corporate card fees
24,750

21,570

 
73,538

61,430

 
 
 
 
 
 
Merchant:
 
 
 
 
 
Fee income
7,553

7,558

 
22,460

23,847

Fees to cardholder banks
(1,819
)
(1,985
)
 
(5,422
)
(6,154
)
Expense for network charges
(554
)
(771
)
 
(2,173
)
(2,654
)
Net merchant fees
5,180

4,802

 
14,865

15,039

Total bank card transaction fees
$
42,427

$
39,166

 
$
127,095

$
112,212


The majority of debit and credit card fees are reported in the Consumer segment, while corporate card and merchant fees are reported in the Commercial segment.
Trust Fees [Table Text Block]
The following table shows the components of revenue within trust fees.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(In thousands)
2018
2017
 
2018
2017
Private client
$
28,210

$
25,689

 
$
83,065

$
74,152

Institutional
7,388

7,027

 
22,070

20,272

Other
1,802

1,904

 
5,363

5,330

Total trust fees
$
37,400

$
34,620

 
$
110,498

$
99,754

This revenue is reported in the Wealth segment.
Deposit Account Charges and Other Fees [Table Text Block]
The following table shows the components of revenue within deposit account charges and other fees.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(In thousands)
2018
2017
 
2018
2017
Corporate cash management fees
$
9,482

$
8,862

 
$
28,974

$
27,250

Overdraft and return item fees
8,081

7,887

 
23,249

22,515

Other service charges on deposit accounts
6,192

5,910

 
18,407

17,697

Total deposit account charges and other fees
$
23,755

$
22,659

 
$
70,630

$
67,462

Approximately half of this revenue is reported in the Consumer segment, while the remainder is reported in the Commercial segment.        
Consumer Brokerage Services Revenue [Table Text Block]
The following shows the components of revenue within consumer brokerage services.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(In thousands)
2018
2017
 
2018
2017
Commission income
$
2,147

$
2,064

 
$
6,508

$
6,487

Managed account services
1,737

1,615

 
5,115

4,567

Total consumer brokerage services
$
3,884

$
3,679

 
$
11,623

$
11,054

Nearly all of this revenue is reported in the Company's Wealth segment.