Revenue from Contract with Customer

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue from Contracts with Customers

Revenue from contracts with customers, Accounting Standard Codification 606 ("ASC 606"), 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 six months ended June 30, 2023, approximately 64% 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 revenue from contracts with customers by major product line.

	Three Months Ended June 30				Six Months Ended June 30
(In thousands)	2023		2022		2023		2022
Bank card transaction fees	$	49,725	$	43,873	$	96,379	$	85,918
Trust fees	47,265		46,792		92,593		94,603
Deposit account charges and other fees	22,633		25,564		44,385		47,871
Consumer brokerage services	4,677		5,068		9,762		9,514
Other non-interest income	9,486		10,750		17,825		15,245
Total non-interest income from contracts with customers	133,786		132,047		260,944		253,151
Other non-interest income (1)	13,819		7,380		24,273		18,045
Total non-interest income	$	147,605	$	139,427	$	285,217	$	271,196

(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 33% and 67%, 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 six month periods ended June 30, 2023 and 2022 for the Company’s significant revenue from contracts with customers.

(In thousands)	June 30, 2023		December 31, 2022		June 30, 2022		December 31, 2021
Bank card transaction fees	$	16,321	$	17,254	$	14,598	$	16,424
Trust fees	1,984		2,038		1,975		2,222
Deposit account charges and other fees	6,488		6,631		6,898		6,702
Consumer brokerage services	637		949		678		391

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.