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Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2021
Revenue Recognition [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Revenue from contracts with customers is recognized when obligations under the terms of a contract with the Corporation's customer are satisfied. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. We do not have any material significant payment terms as payment is received at or shortly after the satisfaction of the performance obligation.
The Corporation's disaggregated revenue by major source is presented below:
Corporate and Commercial Specialty
Three Months Ended Sep 30,Nine Months Ended Sep 30,
($ in Thousands)2021202020212020
Wealth management fees$22,110 $21,152 $67,229 $61,496 
Service charges and deposit account fees4,539 4,458 13,898 12,316 
Card-based fees(a)
541 474 1,367 1,216 
Insurance commissions and fees 36 57 98 179 
Other revenue772 1,400 2,619 2,481 
   Noninterest income (in-scope of Topic 606) $27,998 $27,540 $85,212 $77,690 
   Noninterest income (out-of-scope of Topic 606)(b)
15,230 9,866 39,635 33,564 
  Total noninterest income $43,228 $37,405 $124,847 $111,254 
Community, Consumer, and Business
Three Months Ended Sep 30,Nine Months Ended Sep 30,
($ in Thousands)2021202020212020
Wealth management fees$— $— $— $1,387 
Service charges and deposit account fees12,417 9,816 33,441 28,653 
Card-based fees(a)
10,600 9,699 30,538 27,392 
Insurance commissions and fees 50 55 146 44,965 
Other revenue1,945 2,168 7,459 7,315 
   Noninterest income (in-scope of Topic 606) $25,012 $21,739 $71,583 $109,713 
Noninterest income (out-of-scope of Topic 606)10,758 11,219 41,976 30,728 
  Total noninterest income $35,771 $32,958 $113,558 $140,442 
Risk Management and Shared Services
Three Months Ended Sep 30,Nine Months Ended Sep 30,
($ in Thousands)2021202020212020
Service charges and deposit account fees$5 $10 $27 $19 
Card-based fees(a)
6 34 15 127 
Insurance commissions and fees 2 2 6 8 
Other revenue76 (82)1,540 (33)
Noninterest income (in-scope of Topic 606) $89 $(36)$1,588 $121 
Noninterest income (out-of-scope of Topic 606)(c)
2,989 5,218 10,868 176,525 
  Total noninterest income $3,077 $5,182 $12,457 $176,646 
Consolidated Total
Three Months Ended Sep 30,Nine Months Ended Sep 30,
($ in Thousands)2021202020212020
Wealth management fees$22,110 $21,152 $67,229 $62,884 
Service charges and deposit account fees16,962 14,283 47,366 40,989 
Card-based fees(a)
11,147 10,207 31,920 28,736 
 Insurance commissions and fees 88 114 250 45,153 
Other revenue2,792 3,487 11,618 9,764 
Noninterest income (in-scope of Topic 606) $53,099 $49,243 $158,383 $187,524 
Noninterest income (out-of-scope of Topic 606)(b)(c)
28,977 26,303 92,479 240,818 
  Total noninterest income $82,076 $75,545 $250,862 $428,342 
(a) Certain card-based fees are out-of-scope of Topic 606.
(b) For the nine months ended September 30, 2021, the Corporation recognized a $2 million pre-tax gain on the sale of Whitnell.
(c) For the nine months ended September 30, 2020, the Corporation recognized a $163 million pre-tax gain on the sale of ABRC.
Below is a listing of performance obligations for the Corporation's main revenue streams:
Revenue StreamNoninterest income in-scope of Topic 606
Service charges and deposit account feesService 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 is 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 and advisory fees(b)
Brokerage and advisory 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. Payment 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 and advisory fees are included in wealth management fees.