Revenue from contracts with customers

9 Months Ended

Sep. 30, 2019

Revenue From Contract With Customer [Abstract]

Revenue from contracts with customers

7. Revenue from contracts with customers

A significant amount of the Company’s revenues are derived from net interest income on financial assets and liabilities, mortgage banking revenues, trading account and foreign exchange gains, investment securities gains, loan and letter of credit fees, income from bank-owned life insurance, and certain other revenues that are generally excluded from the scope of accounting guidance for revenue from contracts with customers.

For noninterest income revenue streams, the Company recognizes the expected amount of consideration as revenue when the performance obligations related to the services under the terms of a contract are satisfied. The Company’s contracts generally do not contain terms that necessitate significant judgment to determine the amount of revenue to recognize.

The Company generally charges customer accounts or otherwise bills customers upon completion of its services.  Typically the Company’s contracts with customers have a duration of one year or less and payment for services is received at least annually, but oftentimes more frequently as services are provided.  At September 30, 2019 and December 31, 2018, the Company had $59 million and $56 million, respectively, of uncollected amounts receivable related to recognized revenue from the sources in the accompanying tables.  Such amounts are classified in accrued interest and other assets in the Company’s consolidated balance sheet.  In certain situations the Company is paid in advance of providing services and defers the recognition of revenue until its service obligation is satisfied.  At September 30, 2019 and December 31, 2018, the Company had deferred revenue of $43 million  related to the sources in the accompanying tables recorded in accrued interest and other liabilities in the consolidated balance sheet.

The following tables summarize sources of the Company’s noninterest income during the three-month and nine-month periods ended September 30, 2019 and 2018 that are subject to the noted accounting guidance.

	Business Banking		Commercial Banking		Commercial Real Estate		Discretionary Portfolio		Residential Mortgage Banking		Retail Banking		All Other		Total
Three Months Ended September 30, 2019	(In thousands)
Classification in consolidated statement    of income
Service charges on deposit accounts	$	15,131		23,427		2,415		—		—		68,455		1,664	$	111,092
Trust income		9		242		—		—		—		—		143,664		143,915
Brokerage services income		—		—		—		—		—		—		12,077		12,077
Other revenues from operations:
Merchant discount and credit card fees		9,692		13,409		670		—		—		4,150		269		28,190
Other		—		1,239		1,372		503		816		9,347		7,076		20,353
	$	24,832		38,317		4,457		503		816		81,952		164,750	$	315,627
Three Months Ended September 30, 2018
Classification in consolidated statement    of income
Service charges on deposit accounts	$	15,767		24,167		2,374		—		2		64,709		1,628	$	108,647
Trust income		—		—		—		—		—		—		133,545		133,545
Brokerage services income		—		—		—		—		—		—		12,267		12,267
Other revenues from operations:
Merchant discount and credit card fees		9,238		13,520		643		—		—		3,908		462		27,771
Other		—		1,662		1,822		386		916		9,397		6,723		20,906
	$	25,005		39,349		4,839		386		918		78,014		154,625	$	303,136

7. Revenue from contracts with customers, continued

	Business Banking		Commercial Banking		Commercial Real Estate		Discretionary Portfolio		Residential Mortgage Banking		Retail Banking		All Other		Total
Nine Months Ended September 30, 2019	(In thousands)
Classification in consolidated statement    of income
Service charges on deposit accounts	$	45,415		69,731		7,303		—		4		195,267		4,271	$	321,991
Trust income		21		680		—		—		—		—		420,382		421,083
Brokerage services income		—		—		—		—		—		—		37,031		37,031
Other revenues from operations:
Merchant discount and credit card fees		28,469		38,630		1,772		—		—		11,854		1,291		82,016
Other		—		5,386		5,840		1,545		2,913		27,170		26,159		69,013
	$	73,905		114,427		14,915		1,545		2,917		234,291		489,134	$	931,134
Nine Months Ended September 30, 2018
Classification in consolidated statement    of income
Service charges on deposit accounts	$	46,782		73,091		7,589		—		8		188,325		4,751	$	320,546
Trust income		—		—		—		—		—		—		402,561		402,561
Brokerage services income		—		—		—		—		—		—		38,288		38,288
Other revenues from operations:
Merchant discount and credit card fees		25,075		38,774		1,625		—		—		11,436		1,695		78,605
Other		—		6,871		4,896		1,251		2,886		28,875		23,429		68,208
	$	71,857		118,736		14,110		1,251		2,894		228,636		470,724	$	908,208