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Revenue Recognition
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

13. REVENUE RECOGNITION

 

The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606)”, for the periods indicated.

 

 

 

Three months ended
September 30,

 

 

Nine months ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(Dollars in thousands)

 

Noninterest income:

 

 

 

 

 

 

 

 

 

 

 

 

In-scope of Topic 606:

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

5,233

 

 

$

4,513

 

 

$

15,625

 

 

$

12,667

 

Trust and investment services

 

 

2,867

 

 

 

2,681

 

 

 

8,651

 

 

 

8,459

 

Bankcard services

 

 

376

 

 

 

479

 

 

 

1,102

 

 

 

1,362

 

Gain on OREO, net

 

 

-

 

 

 

-

 

 

 

-

 

 

 

477

 

Other

 

 

1,127

 

 

 

1,581

 

 

 

8,207

 

 

 

4,753

 

Noninterest Income (in-scope of Topic 606)

 

 

9,603

 

 

 

9,254

 

 

 

33,585

 

 

 

27,718

 

Noninterest Income (out-of-scope of Topic 606)

 

 

1,987

 

 

 

1,229

 

 

 

3,939

 

 

 

7,282

 

Total noninterest income

 

$

11,590

 

 

$

10,483

 

 

$

37,524

 

 

$

35,000

 

 

Refer to Note 3 – Summary of Significant Accounting Policies and Note 23 – Revenue Recognition, included in our Annual Report on Form 10-K for the year ended December 31, 2021 for a more detailed discussion about noninterest revenue streams that are in-scope of Topic 606.