Other Operating Expense

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

Other Operating Expense

Other Operating Income

The components of Other Operating Income were as follows:

TABLE 68: OTHER OPERATING INCOME

	THREE MONTHS ENDED JUNE 30,				SIX MONTHS ENDED JUNE 30,
(In Millions)	2022		2021		2022		2021
Loan Service Fees	$	18.1	$	17.8	$	34.8	$	33.2
Banking Service Fees	12.9		12.5		25.6		25.2
Other Income	14.6		24.1		26.3		50.9
Total Other Operating Income	$	45.6	$	54.4	$	86.7	$	109.3

For the three and six months ended June 30, 2022, Other Operating Income decreased compared to the prior-year quarter and prior-year period, primarily driven by lower miscellaneous income and the accounting reclassification, partially offset by other nonrecurring items. The lower miscellaneous income was primarily associated with a market value decrease in the supplemental compensation plans, which also resulted in a related decrease in supplemental compensation plan expense reported in Other Operating Expense.

Other Operating Expense

The components of Other Operating Expense were as follows:

TABLE 69: OTHER OPERATING EXPENSE

	THREE MONTHS ENDED JUNE 30,				SIX MONTHS ENDED JUNE 30,
($ In Millions)	2022		2021		2022		2021
Business Promotion	$	18.1	$	8.9	$	28.9	$	16.8
Staff Related	6.2		9.8		9.1		16.6
FDIC Insurance Premiums	4.6		4.1		10.4		7.7
Other Intangibles Amortization	2.2		3.9		4.9		8.2
Other Expenses	58.8		40.8		116.3		89.9
Total Other Operating Expense	$	89.9	$	67.5	$	169.6	$	139.2

For the three and six months ended June 30, 2022, Other Operating Expense increased compared to the prior-year quarter and prior-year period, primarily due to the accounting reclassification, higher business promotion and other miscellaneous expense, partially offset by lower supplemental compensation plan expense. The lower supplemental compensation plan expense resulted in a related decrease in miscellaneous income reported in Other Operating Income.