XML 77 R52.htm IDEA: XBRL DOCUMENT v3.24.0.1
Revenues (Tables)
12 Months Ended
Dec. 31, 2023
Revenue Recognition [Abstract]  
Disaggregation of Revenue [Table Text Block]
The Corporation's disaggregated revenue by major source is presented below:
Corporate and Commercial Specialty
For the Years Ended December 31,
($ in thousands)202320222021
Wealth management fees$82,502 $84,122 $89,854 
Service charges and deposit account fees10,907 13,240 15,880 
Card-based fees(a)
1,808 1,547 1,397 
Other revenue2,044 2,964 3,208 
Noninterest income (in-scope of Topic 606) $97,261 $101,873 $110,340 
Noninterest income (out-of-scope of Topic 606)39,734 43,878 55,004 
 Total noninterest income $136,995 $145,751 $165,345 
Community, Consumer, and Business
For the Years Ended December 31,
($ in thousands)202320222021
Service charges and deposit account fees$38,115 $49,052 $48,493 
Card-based fees(a)
43,286 42,474 41,730 
Other revenue7,082 7,069 10,719 
Noninterest income (in-scope of Topic 606) $88,483 $98,595 $100,942 
Noninterest income (out-of-scope of Topic 606)20,375 20,253 50,532 
 Total noninterest income $108,858 $118,848 $151,474 
Risk Management and Shared Services
For the Years Ended December 31,
($ in thousands)202320222021
Service charges and deposit account fees$23 $18 $32 
Card-based fees(a)
28 111 (3)
Other revenue764 1,356 967 
Noninterest income (in-scope of Topic 606) $815 $1,485 $996 
Noninterest income (out-of-scope of Topic 606)(183,486)16,286 14,550 
 Total noninterest income $(182,671)$17,772 $15,546 
Consolidated Total
For the Years Ended December 31,
($ in thousands)202320222021
Wealth management fees$82,502 $84,122 $89,854 
Service charges and deposit account fees49,045 62,310 64,406 
Card-based fees(a)
45,121 44,132 43,124 
Other revenue9,891 11,389 14,894 
Noninterest income (in-scope of Topic 606) $186,560 $201,953 $212,278 
Noninterest income (out-of-scope of Topic 606)(123,377)80,417 120,086 
 Total noninterest income $63,182 $282,370 $332,364 
(a) Certain card-based fees are out-of-scope of Topic 606.
Revenue Recognition 606 [Text Block]
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 is 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.