Contracts With Customers

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Contracts With Customers

NOTE TWENTY-TWO – CONTRACTS WITH CUSTOMERS

    The Company's largest source of revenue is comprised of net interest income on financial assets and financial liabilities, which is explicitly excluded from the scope of ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), and non-interest income. The Company's significant sources of non-interest income are: service charges, bankcard revenue, trust and investment management fee income and bank owned life insurance (which is also excluded from ASC 606).

    The Company's significant policies related to contracts with customers are discussed below.

    Service Charges: Service charges consist of service charges on deposit accounts (monthly service fees, account analysis fees, non-sufficient funds ("NSF") fees and other deposit account related fees). For transaction-based fees, the Company's performance obligation is generally satisfied, and the related revenue recognized, at a point in time. For non-transaction-based fees, the Company's performance obligation is generally satisfied, and the related revenue recognized, over the period in which the service is provided (typically a month). Generally, payments are received immediately through a direct charge to the customer's account.

    Bankcard Revenue: Bankcard revenue is primarily comprised of debit card income and ATM fees. Debit card income is primarily comprised of interchange fees earned whenever the Company's debit cards are processed through card payment networks such as Mastercard. ATM fees are primarily generated when a non-Company cardholder uses a Company ATM or when a Company cardholder uses a non-Company ATM. The Company's performance obligation for bankcard revenue is generally satisfied, and the related revenue recognized, when the services are rendered. Generally, payments are received immediately or in the following month.

    Trust and Investment Management Fee Income: Trust and investment management fee income is primarily comprised of fees earned from the management and administration of customer assets. The Company's performance obligation is generally satisfied over time (typically a quarter), and the related revenue recognized, based upon the quarter-end market value of the assets under management and the applicable fee rate. Generally, payments are received a few days after quarter-end through a direct charge to the customer's account.    

    The following table illustrates the disaggregation by the Company's major revenue streams (in thousands):

	Point of Revenue
	Recognition	2023		2022		2021
Major revenue streams
Service charges	At a point in time and over time	$	27,751	$	28,335	$	25,539
Bankcard revenue	At a point in time	27,960		27,349		26,987
Trust and investment management fee income	Over time	9,563		8,798		8,415
Other income	At a point in time and over time	3,794		3,617		3,989
Net revenue from contracts with customers		69,068		68,099		64,930
Non-interest income within the scope of other GAAP topics		1,561		3,978		4,711
Total non-interest income		$	70,629	$	72,077	$	69,641