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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2025

The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams for the three months ended March 31, 2025 and 2024, respectively:


	Point of Revenue	For the Three Months Ended March 31,
(unaudited, in thousands)	Recognition	2025			2024
Revenue Streams
Trust fees
Trust account fees	Over time	$	6,673		$	6,099
WesMark fees	Over time		2,024			1,983
Total trust fees			8,697			8,082
Service charges on deposits
Commercial banking fees	Over time		1,937			1,188
Personal service charges	At a point in time and over time		6,650			5,596
Total service charges on deposits			8,587			6,784
Net securities brokerage revenue
Annuity commissions	At a point in time		1,987			1,972
Equity and debt security trades	At a point in time		124			80
Managed money	Over time		327			254
Trail commissions	Over time		262			242
Total net securities brokerage revenue			2,701			2,548

Payment processing fees (1)	At a point in time and over time		891			829
Digital banking income	At a point in time		5,404			4,704
Net swap fee and valuation income (2)	At a point in time		961			1,563
Mortgage banking income	At a point in time		1,140			693
Net (loss) gain on other real estate owned and other assets	At a point in time and over time		(40	)		154

(1)

Included in other non-interest income.

(2)

The portion of this line item relating to the change in the fair value of the underlying swaps is not within the scope of ASC 606, and totaled (losses) gains of $(1.0) million and $0.8 million for the three months ended March 31, 2025 and 2024, respectively.