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Revenue From Contracts With Customers | 6 Months Ended
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Jun. 30, 2024
Revenue From Contracts With Customers [Abstract] |
Revenue from Contracts with Customers | REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue The following table presents interest income and noninterest income, the components of total revenue, as disclosed in the condensed consolidated statements of earnings (loss) and the related amounts which are from contracts with customers within the scope of ASC Topic 606, "Revenue from Contracts with Customers," for the periods indicated. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.
| Three Months Ended June 30,
| 2024 |  | 2023
| Total |  | Revenue from |  | Total |  | Revenue from
| Recorded |  | Contracts with |  | Recorded |  | Contracts with
| Revenue |  | Customers |  | Revenue |  | Customers
| (In thousands)
Total Interest Income | $ | 462,589 |  |  | $ | — |  |  | $ | 539,888 |  |  | $ | — |
Noninterest Income: |  |  |  |  |  |  |
Service charges on deposit accounts | 4,540 |  |  | 4,540 |  |  | 4,315 |  |  | 4,315 |
Other commissions and fees | 8,629 |  |  | 4,403 |  |  | 11,241 |  |  | 4,124 |
Leased equipment income | 11,487 |  |  | — |  |  | 22,387 |  |  | — |
Gain (loss) on sale of loans | 1,135 |  |  | — |  |  | (158,881) |  |  | — |
Dividends and gains on equity investments | 1,166 |  |  | — |  |  | 2,658 |  |  | — |
Warrant loss | (324) |  |  | — |  |  | (124) |  |  | — |
LOCOM HFS adjustment | (38) |  |  | — |  |  | (11,943) |  |  | — |
Other income | 3,197 |  |  | 133 |  |  | 2,265 |  |  | 240 |
Total noninterest income | 29,792 |  |  | 9,076 |  |  | (128,082) |  |  | 8,679 |
Total Revenue | $ | 492,381 |  |  | $ | 9,076 |  |  | $ | 411,806 |  |  | $ | 8,679 |
The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:
| Three Months Ended
| June 30,
| 2024 |  | 2023
| (In thousands)
Products and services transferred at a point in time | $ | 4,203 |  |  | $ | 3,849 |
Products and services transferred over time | 4,873 |  |  | 4,830 |
Total revenue from contracts with customers | $ | 9,076 |  |  | $ | 8,679 |
| Six Months Ended June 30,
| 2024 |  | 2023
| Total |  | Revenue from |  | Total |  | Revenue from
| Recorded |  | Contracts with |  | Recorded |  | Contracts with
| Revenue |  | Customers |  | Revenue |  | Customers
| (In thousands)
Total Interest Income | $ | 941,293 |  |  | $ | — |  |  | $ | 1,057,676 |  |  | $ | — |
Noninterest Income: |  |  |  |  |  |  |
Service charges on deposit accounts | 9,245 |  |  | 9,245 |  |  | 7,888 |  |  | 7,888 |
Other commissions and fees | 16,771 |  |  | 9,386 |  |  | 21,585 |  |  | 8,555 |
Leased equipment income | 23,203 |  |  | — |  |  | 36,244 |  |  | — |
Gain (loss) on sale of loans | 687 |  |  | — |  |  | (155,919) |  |  | — |
Dividends and gains on equity investments | 4,234 |  |  | — |  |  | 3,756 |  |  | — |
Warrant loss | (146) |  |  | — |  |  | (457) |  |  | — |
LOCOM HFS adjustment | 292 |  |  | — |  |  | (11,943) |  |  | — |
Other income | 9,322 |  |  | 226 |  |  | 7,155 |  |  | 510 |
Total noninterest income | 63,608 |  |  | 18,857 |  |  | (91,691) |  |  | 16,953 |
Total Revenue | $ | 1,004,901 |  |  | $ | 18,857 |  |  | $ | 965,985 |  |  | $ | 16,953 |
The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:
| Six Months Ended
| June 30,
| 2024 |  | 2023
| (In thousands)
Products and services transferred at a point in time | $ | 9,081 |  |  | $ | 8,201 |
Products and services transferred over time | 9,776 |  |  | 8,752 |
Total revenue from contracts with customers | $ | 18,857 |  |  | $ | 16,953 |
Contract Balances The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:
| June 30, 2024 |  | December 31, 2023
| (In thousands)
Receivables, which are included in "Other assets" | $ | 1,297 |  |  | $ | 1,615 |
Contract liabilities, which are included in "Accrued interest payable and other liabilities" | $ | 383 |  |  | $ | 418 |
Contract liabilities relate to advance consideration received from customers for which revenue is recognized over the life of the contract. The change in contract liabilities for the six months ended June 30, 2024 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $35,000.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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