Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2020

Disaggregation of revenue by Major source

The Corporation's disaggregated revenue by major source is presented below:


	Corporate and Commercial Specialty
	Three Months Ended March 31,
($ in Thousands)	2020		2019
Insurance commissions and fees	$	76	$	125
Wealth management fees^(a)	15,806		15,099
Service charges and deposit account fees	3,551		3,498
Card-based fees^(b)	515		434
Other revenue	788		293
Noninterest Income (in-scope of Topic 606)	$	20,736	$	19,449
Noninterest Income (out-of-scope of Topic 606)	14,066		7,945
Total Noninterest Income	$	34,802	$	27,394



	Community, Consumer, and Business
	Three Months Ended March 31,
($ in Thousands)	2020		2019
Insurance commissions and fees	$	22,529	$	25,336
Wealth management fees^(a)	5,010		5,080
Service charges and deposit account fees	11,665		11,599
Card-based fees^(b)	9,045		8,812
Other revenue	2,286		2,271
Noninterest Income (in-scope of Topic 606)	$	50,535	$	53,098
Noninterest Income (out-of-scope of Topic 606)	7,115		5,177
Total Noninterest Income	$	57,650	$	58,275


	Risk Management and Shared Services
	Three Months Ended March 31,
($ in Thousands)	2020		2019
Insurance commissions and fees	$	3	$	3
Wealth management fees^(a)	—		—
Service charges and deposit account fees	5		19
Card-based fees^(b)	47		49
Other revenue	23		120
Noninterest Income (in-scope of Topic 606)	$	77	$	191
Noninterest Income (out-of-scope of Topic 606)	5,777		5,342
Total Noninterest Income	$	5,854	$	5,533



	Consolidated Total
	Three Months Ended March 31,
($ in Thousands)	2020		2019

Insurance commissions and fees	$	22,608	$	25,464
Wealth management fees^(a)	20,816		20,180
Service charges and deposit account fees	15,222		15,115
Card-based fees^(b)	9,607		9,295
Other revenue	3,096		2,684
Noninterest Income (in-scope of Topic 606)	$	71,348	$	72,738
Noninterest Income (out-of-scope of Topic 606)	26,958		18,465
Total Noninterest Income	$	98,306	$	91,202

(a) Includes trust, asset management, brokerage, and annuity fees.

(b) Certain card-based fees are out-of-scope of Topic 606.

Revenue recognition 606

Below is a listing of performance obligations for the Corporation's main revenue streams:


Revenue Stream						Noninterest income in-scope of Topic 606
Insurance commissions and fees						The Corporation's insurance revenue has two distinct performance obligations. The first performance obligation is the selling of the policy as an agent for the carrier. This performance obligation is satisfied upon binding of the policy. The second performance obligation is the ongoing servicing of the policy which is satisfied over the life of the policy. For employee benefits, the payment is typically received monthly. For property and casualty, payments can vary, but are typically received at, or in advance, of the policy period.
Service charges and deposit account fees						Service charges and deposit account fees consist of monthly service fees (i.e. business analyzed fees and consumer service charges) and other deposit account related fees. The Corporation's performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Other deposit account related fees are largely transactional based, and therefore, the Corporation's performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges and deposit account fees are primarily received immediately or in the following month through a direct charge to customers’ accounts.
Card-based fees^(a)						Card-based fees are primarily comprised of debit and credit card income, ATM fees, and merchant services income. Debit and credit card income is primarily comprised of interchange fees earned whenever the Corporation's debit and credit cards are processed through card payment networks. ATM and merchant fees are largely transactional based, and therefore, the Corporation's performance obligation is satisfied, and related revenue recognized, at a point in time. Payment is typically received immediately or in the following month.
Trust and asset management fees^(b)						Trust and asset management income is primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Corporation's performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to the customers’ accounts. The Corporation's performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered.
Brokerage commissions and fees^(b)						Brokerage commissions and fees primarily consist of investment advisory, brokerage, retirement services, and annuities. The Corporation's performance obligation for investment advisory services and retirement services is generally satisfied, and the related revenue recognized, over the period in which the services are provided. The performance obligation for annuities is satisfied upon sale of the annuity, and therefore, the related revenue is primarily recognized at the time of sale. Payments for these services are typically received immediately or in advance of the service.

(a) Certain card-based fees are out-of-scope of Topic 606.

(b) Trust and asset management fees and brokerage commissions and fees are included in wealth management fees.