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Fees and Commissions Revenue Fees and Commissions Revenue
 9 Months Ended
Sep. 30, 2021
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 September 30, 2021.
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$— $— $24,067 $1 $24,068 $24,068 $— 
Customer hedging revenue
6,720 — 26 184 6,930 6,930 — 
Retail brokerage revenue
— — 4,887 — 4,887 — 4,887 
Insurance brokerage revenue
— — 3,061 — 3,061 — 3,061 
Investment banking revenue
4,386 — 5,341 (743)8,984 3,045 5,939 
Brokerage and trading revenue
11,106 — 37,382 (558)47,930 34,043 13,887 
TransFund EFT network revenue19,280 920 (18)1 20,183 — 20,183 
Merchant services revenue3,051 12 — — 3,063 — 3,063 
Corporate card revenue1,260 — 45 81 1,386 — 1,386 
Transaction card revenue23,591 932 27 82 24,632 — 24,632 
Personal trust revenue— — 24,624 — 24,624 — 24,624 
Corporate trust revenue— — 3,814 — 3,814 — 3,814 
Institutional trust & retirement plan services revenue
— — 13,040 — 13,040 — 13,040 
Investment management services and other revenue
— — 3,815 (45)3,770 — 3,770 
Fiduciary and asset management revenue
— — 45,293 (45)45,248 — 45,248 
Commercial account service charge revenue
12,795 463 621 (2)13,877 — 13,877 
Overdraft fee revenue29 6,098 17 1 6,145 — 6,145 
Check card revenue
— 6,293 — 1 6,294 — 6,294 
Automated service charge and other deposit fee revenue
24 1,068 21 — 1,113 — 1,113 
Deposit service charges and fees
12,848 13,922 659 — 27,429 — 27,429 
Mortgage production revenue— 15,403 — — 15,403 15,403 — 
Mortgage servicing revenue— 11,347 — (464)10,883 10,883 — 
Mortgage banking revenue— 26,750 — (464)26,286 26,286 — 
Other revenue8,907 2,801 14,605 (7,417)18,896 13,092 5,804 
Total fees and commissions revenue
$56,452 $44,405 $97,966 $(8,402)$190,421 $73,421 $117,000 
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 nine months ended September 30, 2021.

CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$— $— $40,785 $— $40,785 $40,785 $— 
Customer hedging revenue
16,620 — 172 (5,465)11,327 11,327 — 
Retail brokerage revenue
— — 14,156 — 14,156 — 14,156 
Insurance brokerage revenue
— — 8,973 — 8,973 — 8,973 
Investment banking revenue
10,579 — 13,735 (1,435)22,879 7,815 15,064 
Brokerage and trading revenue
27,199 — 77,821 (6,900)98,120 59,927 38,193 
TransFund EFT network revenue57,097 2,678 (48)4 59,731 — 59,731 
Merchant services revenue8,751 45 — — 8,796 — 8,796 
Corporate card revenue3,127 — 110 221 3,458 — 3,458 
Transaction card revenue68,975 2,723 62 225 71,985 — 71,985 
Personal trust revenue— — 71,757 (1)71,756 — 71,756 
Corporate trust revenue— — 11,038 — 11,038 — 11,038 
Institutional trust & retirement plan services revenue
— — 38,478 — 38,478 — 38,478 
Investment management services and other revenue
— — 10,261 (131)10,130 — 10,130 
Fiduciary and asset management revenue— — 131,534 (132)131,402 — 131,402 
Commercial account service charge revenue
37,493 1,366 1,809 (2)40,666 — 40,666 
Overdraft fee revenue77 15,649 53 3 15,782 — 15,782 
Check card revenue
— 17,650 — — 17,650 — 17,650 
Automated service charge and other deposit fee revenue
75 3,260 64 2 3,401 — 3,401 
Deposit service charges and fees
37,645 37,925 1,926 3 77,499 — 77,499 
Mortgage production revenue— 50,694 — — 50,694 50,694 — 
Mortgage servicing revenue— 35,292 — (1,368)33,924 33,924 — 
Mortgage banking revenue— 85,986 — (1,368)84,618 84,618 — 
Other revenue35,848 7,785 31,148 (16,417)58,364 46,276 12,088 
Total fees and commissions revenue
$169,667 $134,419 $242,491 $(24,589)$521,988 $190,821 $331,167 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended September 30, 2020.
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$— $— $46,890 $(1)$46,889 $46,889 $— 
Customer hedging revenue
7,999 — 123 520 8,642 8,642 — 
Retail brokerage revenue
— — 3,787 — 3,787 — 3,787 
Insurance brokerage revenue
— — 3,124 — 3,124 — 3,124 
Investment banking revenue
2,314 — 4,770 — 7,084 2,280 4,804 
Brokerage and trading revenue
10,313 — 58,694 519 69,526 57,811 11,715 
TransFund EFT network revenue18,840 913 (14)2 19,741 — 19,741 
Merchant services revenue3,019 19 — — 3,038 — 3,038 
Corporate card revenue583 — 21 82 686 — 686 
Transaction card revenue22,442 932 7 84 23,465 — 23,465 
Personal trust revenue— — 20,130 — 20,130 — 20,130 
Corporate trust revenue— — 4,613 — 4,613 — 4,613 
Institutional trust & retirement plan services revenue
— — 11,030 — 11,030 — 11,030 
Investment management services and other revenue
— — 4,198 (40)4,158 — 4,158 
Fiduciary and asset management revenue
— — 39,971 (40)39,931 — 39,931 
Commercial account service charge revenue
11,209 419 572 — 12,200 — 12,200 
Overdraft fee revenue32 5,411 16 4 5,463 — 5,463 
Check card revenue
— 5,565 — — 5,565 — 5,565 
Automated service charge and other deposit fee revenue
27 1,007 24 — 1,058 — 1,058 
Deposit service charges and fees
11,268 12,402 612 4 24,286 — 24,286 
Mortgage production revenue— 38,431 — — 38,431 38,431 — 
Mortgage servicing revenue— 13,952 — (424)13,528 13,528 — 
Mortgage banking revenue— 52,383 — (424)51,959 51,959 — 
Other revenue6,062 2,257 12,371 (6,992)13,698 10,427 3,271 
Total fees and commissions revenue
$50,085 $67,974 $111,655 $(6,849)$222,865 $120,197 $102,668 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the nine months ended September 30, 2020.
CommercialConsumerWealth Management
Funds Management & Other3
Consolidated
Out of Scope1
In Scope2
Trading revenue$— $— $125,189 $— $125,189 $125,189 $— 
Customer hedging revenue
17,417 — 321 368 18,106 18,106 — 
Retail brokerage revenue
— — 11,524 — 11,524 — 11,524 
Insurance brokerage revenue
— — 10,066 — 10,066 — 10,066 
Investment banking revenue
5,325 — 12,117 — 17,442 4,959 12,483 
Brokerage and trading revenue
22,742 — 159,217 368 182,327 148,254 34,073 
TransFund EFT network revenue56,699 2,300 (42)4 58,961 — 58,961 
Merchant services revenue7,554 46 — — 7,600 — 7,600 
Corporate card revenue1,588 — 55 82 1,725 — 1,725 
Transaction card revenue65,841 2,346 13 86 68,286 — 68,286 
Personal trust revenue— — 62,460 — 62,460 — 62,460 
Corporate trust revenue— — 15,579 — 15,579 — 15,579 
Institutional trust & retirement plan services revenue
— — 33,510 — 33,510 — 33,510 
Investment management services and other revenue
— — 14,220 (123)14,097 — 14,097 
Fiduciary and asset management revenue
— — 125,769 (123)125,646 — 125,646 
Commercial account service charge revenue
33,317 1,218 1,715 — 36,250 — 36,250 
Overdraft fee revenue101 16,223 54 7 16,385 — 16,385 
Check card revenue
— 15,916 — — 15,916 — 15,916 
Automated service charge and other deposit fee revenue
285 3,572 54 — 3,911 — 3,911 
Deposit service charges and fees
33,703 36,929 1,823 7 72,462 — 72,462 
Mortgage production revenue— 99,186 — — 99,186 99,186 — 
Mortgage servicing revenue— 45,158 — (1,282)43,876 43,876 — 
Mortgage banking revenue— 144,344 — (1,282)143,062 143,062 — 
Other revenue15,773 6,609 29,471 (14,367)37,486 27,805 9,681 
Total fees and commissions revenue
$138,059 $190,228 $316,293 $(15,311)$629,269 $319,121 $310,148 
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.