Revenue from Contract with Customer

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue from Contracts with Customers

ASC 606 "Revenue from Contracts with Customers" requires revenue recognition for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For the nine months ended September 30, 2022, approximately 63% of the Company’s total revenue was comprised of net interest income, which is not within the scope of this guidance. Of the remaining revenue, those items that were subject to this guidance mainly included fees for bank card, trust, deposit account services and consumer brokerage services.

The following table disaggregates non-interest income subject to ASC 606 by major product line.

	Three Months Ended September 30				Nine Months Ended September 30
(In thousands)	2022		2021		2022		2021
Bank card transaction fees	$	45,638	$	42,815	$	131,556	$	123,118
Trust fees	45,406		48,950		140,009		139,334
Deposit account charges and other fees	24,521		25,161		72,392		71,724
Consumer brokerage services	5,085		4,900		14,599		13,484
Other non-interest income	9,360		2,510		24,605		17,168
Total non-interest income from contracts with customers	130,010		124,336		383,161		364,828
Other non-interest income (1)	8,504		13,170		26,549		47,866
Total non-interest income	$	138,514	$	137,506	$	409,710	$	412,694

(1) This revenue is not within the scope of ASC 606, and includes fees relating to capital market activities, loan fees and sales, derivative instruments, standby letters of credit and various other transactions.

For bank card transaction fees, nearly all of debit and credit card fees are earned in the Consumer segment, while corporate card and merchant fees are earned in the Commercial segment. The Consumer and Commercial segments contribute approximately 41% and 58%, respectively, of the Company's deposit account charge revenue. All trust fees and nearly all consumer brokerage services income are earned in the Wealth segment.    

The following table presents the opening and closing receivable balances for the nine month periods ended September 30, 2022 and 2021 for the Company’s significant revenue categories subject to ASC 606.

(In thousands)	September 30, 2022		December 31, 2021		September 30, 2021		December 31, 2020
Bank card transaction fees	$	14,167	$	16,424	$	13,349	$	14,199
Trust fees	2,073		2,222		2,211		2,071
Deposit account charges and other fees	5,658		6,702		5,969		6,933
Consumer brokerage services	632		391		513		432

For these revenue categories, none of the transaction price has been allocated to performance obligations that are unsatisfied as of the end of a reporting period.