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Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
All of Park's revenue from contracts with customers within the scope of ASC 606 is recognized within "Other income" in the consolidated condensed statements of income. All of Park's operations are considered by management to be aggregated in one reportable segment.

The following table presents the Corporation's sources of other income by revenue stream for the three-month and nine-month periods ended September 30, 2024 and September 30, 2023:

Three Months Ended
September 30,
Revenue by Operating Segment (in thousands)20242023
Income from fiduciary activities
   Personal trust and agency accounts$3,124 $2,593 
   Employee benefit and retirement-related accounts2,766 2,568 
   Investment management and investment advisory agency accounts4,142 3,407 
   Other583 532 
Service charges on deposit accounts
    NSF fees867 943 
    DDA charges1,380 1,060 
    Other115 106 
Other service income (1)
    Credit card693 719 
    HELOC112 100 
    Installment53 39 
    Real estate1,869 1,497 
    Commercial309 260 
Debit card fee income6,539 6,652 
Bank owned life insurance income (2)
2,057 1,448 
ATM fees471 575 
Pension settlement gain (2)
5,783 — 
Gain on equity securities, net (2)
1,557 998 
Other components of net periodic pension benefit income (2)
2,204 1,893 
Miscellaneous (3)
1,906 2,323 
Total other income$36,530 $27,713 
(1) "Other Service Income" totaled $3.0 million and $2.6 million for the three months ended September 30, 2024 and 2023, respectively. Of this aggregate revenue approximately $1.4 million and $1.3 million was within the scope of ASC 606, with the remaining $1.6 million and $1.3 million consisting primarily of certain residential real estate loan fees which were out of scope for the three months ended September 30, 2024 and 2023, respectively.
(2) Not within the scope of ASC 606.
(3) "Miscellaneous Income" included brokerage income, safe deposit box rentals, gains/losses on asset sales and miscellaneous bank fees totaling $1.9 million and $2.3 million for the three months ended September 30, 2024 and 2023, respectively, all of which were within the scope of ASC 606.
Nine Months Ended
September 30,
Revenue by Operating Segment (in thousands)20242023
Income from fiduciary activities
   Personal trust and agency accounts$9,558 $7,668 
   Employee benefit and retirement-related accounts8,092 7,507 
   Investment management and investment advisory agency accounts11,959 9,842 
   Other1,758 1,514 
Service charges on deposit accounts
    NSF fees2,436 2,864 
    DDA charges3,919 3,167 
    Other327 360 
Other service income (1)
    Credit card1,974 2,132 
    HELOC308 297 
    Installment113 123 
    Real estate5,219 4,462 
    Commercial852 937 
Debit card fee income19,362 19,939 
Bank owned life insurance income (2)
6,251 3,965 
ATM fees1,425 1,661 
Pension settlement gain (2)
5,783 — 
Loss on the sale of debt securities, net (2)
(398)— 
Gain on equity securities, net (2)
1,228 618 
Other components of net periodic pension benefit income (2)
6,612 5,679 
Miscellaneous (3)
4,746 4,380 
Total other income$91,524 $77,115 
(1) "Other Service Income" totaled $8.5 million and $8.0 million for the nine months ended September 30, 2024 and 2023, respectively. Of this aggregate revenue approximately $4.0 million and $4.1 million was within the scope of ASC 606, with the remaining $4.5 million and $3.9 million consisting primarily of certain residential real estate loan fees which were out of scope for the nine months ended September 30, 2024 and 2023, respectively.
(2) Not within the scope of ASC 606.
(3) "Miscellaneous Income" included brokerage income, safe deposit box rentals, gains/losses on asset sales and miscellaneous bank fees totaling $4.7 million and $4.4 million for the nine months ended September 30, 2024 and 2023, respectively, all of which were within the scope of ASC 606.
A description of Park's material revenue streams accounted for under ASC 606 follows:

Income from fiduciary activities (gross): Park earns fiduciary fee income and investment brokerage fees from its contracts with trust customers for various fiduciary and investment-related services. These fees are earned over time as the Company provides the contracted monthly and quarterly services and are generally assessed based on the market value of the trust assets.

Service charges on deposit accounts and ATM fees: The Corporation earns fees from the Corporation's deposit customers for transaction-based, account maintenance, and overdraft services. Fees for transaction-based services, which include services such as ATM use fees, stop payment charges, statement rendering fees, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are generally recognized at the end of the month, representing the period over which the Corporation satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.

Other service income: Other service income includes income from (1) the sale and servicing of loans sold to the secondary market, (2) incentive income from third-party credit card issuers, and (3) loan customers for various loan-related activities and services. Income related to the sale and servicing of loans sold to the secondary market is included within "Other service income", but is not within the scope of ASC 606. Services that fall within the scope of ASC 606 are recognized as revenue when the Company satisfies the Company's performance obligation to the customer.

Debit card fee income: Park earns interchange fees from debit cardholder transactions conducted primarily through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, net of card network fees, concurrently with the transaction processing services provided to the cardholder.