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Fees and Commissions Revenue Fees and Commissions Revenue
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Fees and Commissions Revenue [Text Block] Fees and Commissions Revenue
Fees and commissions revenue is generated through the sales of products, consisting primarily of financial instruments, and the performance of services for customers under contractual obligations. Revenue from providing services for customers is recognized at the time services are provided in an amount that reflects the consideration we expect to be entitled to for those services. Revenue is recognized based on the application of five steps:
•Identify the contract with a customer
•Identify the performance obligations in the contract
•Determine the transaction price
•Allocate the transaction price to the performance obligations in the contract
•Recognize revenue when (or as) the Company satisfies a performance obligation

For contracts with multiple performance obligations, individual performance obligations are accounted for separately if the customer can benefit from the good or service on its own or with other resources readily available to the customer and the promise to transfer goods and services to the customer is separately identifiable in the contract. The transaction price is allocated to the performance obligations based on relative standalone selling prices.

Revenue is recognized on a gross basis whenever we have primary responsibility and risk in providing the services or products to our customers and have discretion in establishing the price for the services or products. Revenue is recognized on a net basis whenever we act as an agent for products or services of others. 
 
Brokerage and trading revenue includes revenues from trading, customer hedging, retail brokerage and investment banking. Trading revenue includes net realized and unrealized gains primarily related to sales of securities to institutional customers and related derivative contracts. Customer hedging revenue includes realized and unrealized changes in the fair value of derivative contracts held for customer risk management programs including credit valuation adjustments, as necessary. We offer commodity, interest rate, foreign exchange and equity derivatives to our customers. These customer contracts are offset with contracts with selected counterparties and exchanges to minimize changes in market risk from changes in commodity prices, interest rates or foreign exchange rates. Retail brokerage revenue represents fees and commissions earned on sales of fixed income securities, annuities, mutual funds and other financial instruments to retail customers. Investment banking revenue includes fees earned upon completion of underwriting and financial advisory services. Investment banking revenue also includes fees earned in conjunction with loan syndications. Insurance brokerage revenues represents fees and commissions earned on placement of insurance products with carriers for property and casualty and health coverage.
 
Transaction card revenue includes merchant discount fees and electronic funds transfer network fees, net of interchange fees paid to card issuers and assessments paid to card networks. Merchant discount fees represent fees paid by customers for account management and electronic processing of card transactions. Merchant discount fees are recognized at the time the customer’s transactions are processed or other services are performed. The Company also maintains the TransFund electronic funds transfer network for the benefit of its members, which includes the Bank. Electronic funds transfer fees are recognized as electronic transactions processed on behalf of its members. 
 
Fiduciary and asset management revenue includes fees from asset management, custody, recordkeeping, investment advisory and administration services. Revenue is recognized on an accrual basis at the time the services are performed and may be based on either the fair value of the account or the service provided.
 
Deposit service charges and fees include commercial account service charges, overdraft fees, check card fee revenue and automated service charge and other deposit service fees. Fees are recognized at least quarterly in accordance with published deposit account agreements and disclosure statements for retail accounts or contractual agreements for commercial accounts. Item charges for overdraft or non-sufficient funds items are recognized as items are presented for payment. Account balance charges and activity fees are accrued monthly and collected in arrears. Commercial account activity fees may be offset by an earnings credit based on account balances. Check card fees represent interchange fees paid by a merchant bank for transactions processed from cards issued by the Company. Check card fees are recognized when transactions are processed.  

Mortgage banking revenue includes revenues recognized in conjunction with the origination, marketing and servicing of conventional and government-sponsored residential mortgage loans. Mortgage production revenue includes net realized gains (losses) on sales of residential mortgage loans in the secondary market and the net change in unrealized gains (losses) on residential mortgage loans held for sale. Mortgage production revenue also includes changes in the fair value of derivative contracts not designated as hedging instruments related to residential mortgage loan commitments and forward sales contracts. Mortgage servicing revenue includes servicing fee income and late charges on loans serviced for others.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended June 30, 2020.
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$—  $—  $43,915  $—  $43,915  $43,915  $—  
Customer hedging revenue
6,893  —  63  (714) 6,242  6,242  —  
Retail brokerage revenue
—  —  3,394  —  3,394  —  3,394  
Insurance brokerage revenue
—  —  3,153  —  3,153  —  3,153  
Investment banking revenue
1,131  —  4,187  —  5,318  851  4,467  
Brokerage and trading revenue
8,024  —  54,712  (714) 62,022  51,008  11,014  
TransFund EFT network revenue19,647  556  (9) —  20,194  —  20,194  
Merchant services revenue2,230  13  —  —  2,243  —  2,243  
Corporate card revenue485  —  18  —  503  —  503  
Transaction card revenue22,362  569  9  —  22,940  —  22,940  
Personal trust revenue—  —  21,681  —  21,681  —  21,681  
Corporate trust revenue—  —  4,604  —  4,604  —  4,604  
Institutional trust & retirement plan services revenue
—  —  10,723  —  10,723  —  10,723  
Investment management services and other revenue
—  —  4,291  (42) 4,249  —  4,249  
Fiduciary and asset management revenue
—  —  41,299  (42) 41,257  —  41,257  
Commercial account service charge revenue
11,069  389  598  —  12,056  —  12,056  
Overdraft fee revenue20  3,607  16  —  3,643  —  3,643  
Check card revenue
—  5,122  —  —  5,122  —  5,122  
Automated service charge and other deposit fee revenue
29  1,179  17  —  1,225  —  1,225  
Deposit service charges and fees
11,118  10,297  631  —  22,046  —  22,046  
Mortgage production revenue—  39,186  —  —  39,186  39,186  —  
Mortgage servicing revenue—  15,164  —  (414) 14,750  14,750  —  
Mortgage banking revenue—  54,350  —  (414) 53,936  53,936  —  
Other revenue5,011  1,976  10,106  (5,614) 11,479  8,970  2,509  
Total fees and commissions revenue
$46,515  $67,192  $106,757  $(6,784) $213,680  $113,914  $99,766  
1  Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the six months ended June 30, 2020.
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$—  $—  $78,299  $—  $78,299  $78,299  $—  
Customer hedging revenue
9,418  —  198  (151) 9,465  9,465  —  
Retail brokerage revenue
—  —  7,737  —  7,737  —  7,737  
Insurance brokerage revenue
—  —  6,942  —  6,942  —  6,942  
Investment banking revenue
3,011  —  7,347  —  10,358  2,679  7,679  
Brokerage and trading revenue
12,429  —  100,523  (151) 112,801  90,443  22,358  
TransFund EFT network revenue37,859  1,387  (28) 2  39,220  —  39,220  
Merchant services revenue4,535  27  —  —  4,562  —  4,562  
Corporate card revenue1,005  —  34  —  1,039  —  1,039  
Transaction card revenue43,399  1,414  6  2  44,821  —  44,821  
Personal trust revenue—  —  42,330  —  42,330  —  42,330  
Corporate trust revenue—  —  10,966  —  10,966  —  10,966  
Institutional trust & retirement plan services revenue
—  —  22,480  —  22,480  —  22,480  
Investment management services and other revenue
—  —  10,022  (83) 9,939  —  9,939  
Fiduciary and asset management revenue—  —  85,798  (83) 85,715  —  85,715  
Commercial account service charge revenue
22,108  799  1,143  (1) 24,049  —  24,049  
Overdraft fee revenue69  10,812  38  2  10,921  —  10,921  
Check card revenue
—  10,351  —  —  10,351  —  10,351  
Automated service charge and other deposit fee revenue
258  2,565  30  2  2,855  —  2,855  
Deposit service charges and fees
22,435  24,527  1,211  3  48,176  —  48,176  
Mortgage production revenue—  60,755  —  —  60,755  60,755  —  
Mortgage servicing revenue—  31,206  —  (858) 30,348  30,348  —  
Mortgage banking revenue—  91,961  —  (858) 91,103  91,103  —  
Other revenue9,711  4,352  17,100  (7,375) 23,788  17,378  6,410  
Total fees and commissions revenue
$87,974  $122,254  $204,638  $(8,462) $406,404  $198,924  $207,480  
1  Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended June 30, 2019.
CommercialConsumerWealth Management
Funds Management & Other3
Consolidated
Out of Scope1
In Scope2
Trading revenue$—  $—  $21,879  $—  $21,879  $21,879  $—  
Customer hedging revenue
2,385  —  1,906  1,054  5,345  5,345  —  
Retail brokerage revenue
—  —  3,914  (13) 3,901  —  3,901  
Insurance brokerage revenue
—  —  3,309  513  3,822  —  3,822  
Investment banking revenue
2,548  —  3,032  (1) 5,579  2,198  3,381  
Brokerage and trading revenue
4,933  —  34,040  1,553  40,526  29,422  11,104  
TransFund EFT network revenue18,504  997  (20) —  19,481  —  19,481  
Merchant services revenue2,223  15  —  (1) 2,237  —  2,237  
Corporate card revenue190  —  5  2  197  —  197  
Transaction card revenue20,917  1,012  (15) 1  21,915  —  21,915  
Personal trust revenue—  —  21,215  1  21,216  —  21,216  
Corporate trust revenue—  —  6,331  (1) 6,330  —  6,330  
Institutional trust & retirement plan services revenue
—  —  11,072  —  11,072  —  11,072  
Investment management services and other revenue
—  —  6,449  (42) 6,407  —  6,407  
Fiduciary and asset management revenue
—  —  45,067  (42) 45,025  —  45,025  
Commercial account service charge revenue
10,625  429  538  —  11,592  —  11,592  
Overdraft fee revenue93  8,973  36  2  9,104  —  9,104  
Check card revenue
—  5,586  —  1  5,587  —  5,587  
Automated service charge and other deposit fee revenue
214  1,578  (2) 1  1,791  —  1,791  
Deposit service charges and fees
10,932  16,566  572  4  28,074  —  28,074  
Mortgage production revenue—  11,871  —  (2) 11,869  11,869  —  
Mortgage servicing revenue—  16,741  —  (479) 16,262  16,262  —  
Mortgage banking revenue—  28,612  —  (481) 28,131  28,131  —  
Other revenue4,323  2,640  6,261  (787) 12,437  8,123  4,314  
Total fees and commissions revenue
$41,105  $48,830  $85,925  $248  $176,108  $65,676  $110,432  
1  Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
3 CoBiz operations are included in Funds Management and Other for the first quarter of 2019.
Fees and commissions revenue by reportable segment and primary service line is as follows for the six months ended June 30, 2019.
CommercialConsumerWealth Management
Funds Management & Other3
Consolidated
Out of Scope1
In Scope2
Trading revenue$—  $—  $34,799  $—  $34,799  $34,799  $—  
Customer hedging revenue
3,960  —  7,634  428  12,022  12,022  —  
Retail brokerage revenue
—  —  7,988  (65) 7,923  —  7,923  
Insurance brokerage revenue
—  —  3,688  4,242  7,930  —  7,930  
Investment banking revenue
3,937  —  5,533  (1) 9,469  3,427  6,042  
Brokerage and trading revenue
7,897  —  59,642  4,604  72,143  50,248  21,895  
TransFund EFT network revenue36,158  1,955  (37) 1  38,077  —  38,077  
Merchant services revenue4,148  29  —  122  4,299  —  4,299  
Corporate card revenue270  —  5  2  277  —  277  
Transaction card revenue40,576  1,984  (32) 125  42,653  —  42,653  
Personal trust revenue—  —  40,789  1  40,790  —  40,790  
Corporate trust revenue—  —  12,532  (1) 12,531  —  12,531  
Institutional trust & retirement plan services revenue
—  —  22,179  —  22,179  —  22,179  
Investment management services and other revenue
—  —  11,250  1,633  12,883  —  12,883  
Fiduciary and asset management revenue
—  —  86,750  1,633  88,383  —  88,383  
Commercial account service charge revenue
20,687  816  1,065  1,807  24,375  —  24,375  
Overdraft fee revenue167  17,368  63  (234) 17,364  —  17,364  
Check card revenue
—  10,578  —  165  10,743  —  10,743  
Automated service charge and other deposit fee revenue
372  3,243  175  45  3,835  —  3,835  
Deposit service charges and fees
21,226  32,005  1,303  1,783  56,317  —  56,317  
Mortgage production revenue—  19,739  —  (2) 19,737  19,737  —  
Mortgage servicing revenue—  33,186  —  (958) 32,228  32,228  —  
Mortgage banking revenue—  52,925  —  (960) 51,965  51,965  —  
Other revenue9,452  4,737  11,518  (508) 25,199  16,843  8,356  
Total fees and commissions revenue
$79,151  $91,651  $159,181  $6,677  $336,660  $119,056  $217,604