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NONINTEREST INCOME
 9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
NONINTEREST INCOME
4. NONINTEREST INCOME
Credit/debit card and ATM income
The following table presents the components of credit/debit card and ATM income:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands)2019201820192018
Bailment fees$6,580  $7,188  $20,388  $19,869  
Interchange fees6,234  3,766  17,073  11,073  
Other card and ATM fees301  285  846  811  
Total credit/debit card and ATM income$13,115  $11,239  $38,307  $31,753  
Credit/debit card and ATM income is composed of bailment fees, interchange fees, and other card and ATM fees. Bailment fees are earned from bailment arrangements with our customers. Bailment arrangements are legal relationships in which property is delivered to another party without a transfer of ownership. The party who transferred the property (the bailor) retains ownership interest of the property. In the event that the bailee files for bankruptcy protection, the property is not included in the bailee's assets. The bailee pays an agreed-upon fee for the use of the bailor's property in exchange for the bailor allowing use of the assets at the bailee's site. Bailment fees are earned from cash that is made available for customers' use at an offsite location, such as cash located in an ATM at a customer's place of business. These fees are typically indexed to a market interest rate. This revenue stream generates fee income through monthly billing for bailment services.
Credit/debit card and ATM income also includes interchange fees. Interchange fees are paid by a merchant's bank to a bank that issued a debit or credit card used in a transaction to compensate the issuing bank for the value and benefit the merchant receives from accepting electronic payments. These revenue streams generate fee income at the time a transaction occurs and are recorded as revenue at the time of the transaction.
Investment management and fiduciary income
The following table presents the components of investment management and fiduciary income:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands)2019201820192018
Trust fees$6,632  $5,932  $19,884  $17,298  
Wealth management and advisory fees3,827  4,097  11,104  12,164  
Total investment management and fiduciary income$10,459  $10,029  $30,988  $29,462  
Investment management and fiduciary income is composed of trust fees and wealth management and advisory fees. Trust fees are based on revenue earned from custody, escrow and trustee services on structured finance transactions; indenture trustee, administrative agent and collateral agent services to institutions and corporations; commercial domicile and independent director services; and investment and trustee services to families and individuals. Most fees are flat fees, except for a portion of personal and corporate trustee fees where we earn a percentage on the assets under management. This revenue stream primarily generates fee income through monthly, quarterly and annual billings for services provided.
Wealth management and advisory fees consists of fees from Cypress, West Capital, Powdermill, WSFS Wealth Client Management, WSFS Wealth Investments and WSFS Institutional Services. Wealth management and advisory fees are based on revenue earned from services including asset management, financial planning, family office, and brokerage. The fees are based on the market value of assets, are assessed as a flat fee, or are brokerage commissions. This revenue stream primarily generates fee income through quarterly and annual billing for the services.
Deposit service charges
The following table presents the components of deposit service charges:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands)2019201820192018
Service fees$3,188  $2,663  $9,083  $7,877  
Return and overdraft fees2,797  1,885  7,341  5,662  
Other deposit service fees154  122  564  425  
Total deposit service charges$6,139  $4,670  $16,988  $13,964  
Deposit service charges includes revenue earned from our core deposit products, certificates of deposit, and brokered deposits. We generate revenues from deposit service charges primarily through service charges and overdraft fees. Service charges consist primarily of monthly account maintenance fees, cash management fees, foreign ATM fees and other maintenance fees. All of these revenue streams generate fee income through service charges for monthly account maintenance and similar items, transfer fees, late fees, overlimit fees, and stop payment fees. Revenue is recorded at the time of the transaction.
Other income
The following table presents the components of other income:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands)2019201820192018
Managed service fees$3,628  $3,169  $10,195  $9,100  
Currency preparation823  863  2,413  2,406  
ATM insurance644  586  1,923  1,781  
Miscellaneous products and services1,942  2,041  7,947  6,391  
Total other income$7,037  $6,659  $22,478  $19,678  
Other income consists of managed service fees, which are primarily courier fees related to cash management, currency preparation, ATM insurance and other miscellaneous products and services offered by the Bank. These fees are primarily generated through monthly billings or at the time of the transaction. For the nine months ended September 30, 2019, "Miscellaneous products and services" included income related to a non-recurring transfer of client accounts to a departing Wealth investment adviser, in accordance with the buy-out provisions of the adviser's contract.
Arrangements with multiple performance obligations
Our contracts with customers may include multiple performance obligations. For such arrangements, we allocate revenue to each performance obligation based on its relative standalone selling price. We generally determine standalone selling prices based on the prices charged to customers.
Practical expedients and exemptions
We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.
See Note 16 for further information about the disaggregation of noninterest income by segment.