REVENUE FROM CONTRACTS WITH CUSTOMERS

All of the Corporation's revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income. The following tables present the Corporation's non-interest income by revenue stream and reportable segment for the years ended December 31, 2019, 2018 and 2017 (in thousands). Items outside the scope of ASC 606 are noted as such.



	Year ended December 31, 2019
Revenue by Operating Segment:	Core Banking			WMG		Holding Company, CFS, and CRM^(b)			Total
Non-interest income
Service charges on deposit accounts
Overdraft fees	$	3,653		$	—	$	—		$	3,653
Other	807			—		—			807
Interchange revenue from debit card transactions	4,104			—					4,104
WMG fee income	—			9,503		—			9,503
CFS fee and commission income	—			—		673			673
Net gains (losses) on sales of OREO	(99		)	—		—			(99		)
Net gains on sales of loans^(a)	248			—		—			248
Loan servicing fees^(a)	103			—		—			103
Net gains on sales of securities^(a)	19			—		—			19
Change in fair value of equity securities^(a)	143					(62		)	81
Other^(a)	1,378			—		(397		)	981
Total non-interest income	$	10,356		$	9,503	$	214		$	20,073

(a) Not within scope of ASC 606.

(b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments.



	Year ended December 31, 2018
Revenue by Operating Segment:	Core Banking		WMG		Holding Company, CFS, and CRM^(b)			Total
Non-interest income
Service charges on deposit accounts
Overdraft fees	$	3,934	$	—	$	—		$	3,934
Other	793		—		—			793
Interchange revenue from debit card transactions	4,040		—		—			4,040
WMG fee income	—		9,317		—			9,317
CFS fee and commission income	—		—		510			510
Net gains (losses) on sales of OREO	90		—		—			90
Net gains on sales of loans^(a)	351		—		—			351
Loan servicing fees^(a)	92		—		—			92
Net gains on sales of securities^(a)	—		—		—			—
Change in fair value of equity securities^(a)	2,024		—		(20		)	2,004
Other^(a)	2,272		—		(329		)	1,943
Total non-interest income	$	13,596	$	9,317	$	161		$	23,074

(a) Not within scope of ASC 606.

(b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments.



	Year ended December 31, 2017
Revenue by Operating Segment:	Core Banking		WMG		Holding Company, CFS, and CRM^(b)			Total
Non-interest income
Service charges on deposit accounts
Overdraft fees	$	4,189	$	—	$	—		$	4,189
Other	772		—		—			772
Interchange revenue from debit card transactions	3,761		—		—			3,761
WMG fee income	—		8,804		—			8,804
CFS fee and commission income	—		—		646			646
Net gains (losses) on sales of OREO	38		—		—			38
Net gains on sales of loans^(a)	260		—		—			260
Loan servicing fees^(a)	84		—		—			84
Net gains on sales of securities^(a)	109		—		—			109
Change in fair value of equity securities^(a)	80		—		—			80
Other^(a)	1,933		—		(185		)	1,748
Total non-interest income	$	11,226	$	8,804	$	461		$	20,491

(a) Not within scope of ASC 606.

(b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments.

A description of the Corporation's revenue streams accounted for under ASC 606 follows:

Service Charges on Deposit Accounts: The Corporation earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which included services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are recognized at the time the maintenance occurs. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.

Interchange Income from Debit Card Transactions: The Corporation earns interchange fees from debit cardholder transactions conducted through the Mastercard payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to cardholder.

WMG Fee Income (Gross): The Corporation earns wealth management fees from its contracts with trust customers to manage assets for investment, and/or to conduct transactions on their accounts. These fees are primarily earned over time as the Corporation provides the contracted monthly or quarterly services and are generally assessed based on a tiered scale of the market value of assets under management (AUM) at quarter-end.

CFS Fee and Commission Income (Net): The Corporation earns fees from investment brokerage services provided to its customers by a third-party service provider. The Corporation receives commissions from the third-party service provider on a monthly basis based upon customer activity for the month. The Corporation (i) acts as an agent in arranging the relationship between the customer and the third-party service provider and (ii) does not control the services rendered to the customers. Investment brokerage fees are presented net of related costs. The Corporation also earns fees from tax services provided to its customers.

Net Gains/Losses on Sales of OREO: The Corporation records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Corporation finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Corporation adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.