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Revenues
6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Revenue from contracts with customers. The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:
Three months ended June 30, 2021Six months ended June 30, 2021
(in thousands) Electric  utilityBankOtherTotalElectric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential
$196,318 $— $— $196,318 $377,557 $— $— $377,557 
Electric energy sales - commercial
192,103 — — 192,103 360,568 — — 360,568 
Electric energy sales - large light and power
201,536 — — 201,536 378,351 — — 378,351 
Electric energy sales - other 2,212 — — 2,212 4,691 — — 4,691 
Bank fees— 11,569 — 11,569 — 22,947 — 22,947 
Other sales— — 1,089 1,089 — — 2,013 2,013 
Total revenues from contracts with customers592,169 11,569 1,089 604,827 1,121,167 22,947 2,013 1,146,127 
Revenues from other sources
Regulatory revenue$2,854 $— $— $2,854 $31,283 $— $— $31,283 
Bank interest and dividend income
— 62,066 — 62,066 — 120,686 — 120,686 
Other bank noninterest income— 3,625 — 3,625 — 10,758 — 10,758 
Other6,856 — 29 6,885 14,293 — 56 14,349 
Total revenues from other sources9,710 65,691 29 75,430 45,576 131,444 56 177,076 
Total revenues$601,879 $77,260 $1,118 $680,257 $1,166,743 $154,391 $2,069 $1,323,203 
Timing of revenue recognition
Services/goods transferred at a point in time
$— $11,569 $— $11,569 $— $22,947 $— $22,947 
Services/goods transferred over time
592,169 — 1,089 593,258 1,121,167 — 2,013 1,123,180 
Total revenues from contracts with customers$592,169 $11,569 $1,089 $604,827 $1,121,167 $22,947 $2,013 $1,146,127 
Three months ended June 30, 2020Six months ended June 30, 2020
(in thousands) Electric  utilityBankOtherTotalElectric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential
$187,590 $— $— $187,590 $377,856 $— $— $377,856 
Electric energy sales - commercial
159,874 — — 159,874 356,979 — — 356,979 
Electric energy sales - large light and power
176,467 — — 176,467 392,687 — — 392,687 
Electric energy sales - other1,779 — — 1,779 5,237 — — 5,237 
Bank fees— 7,211 — 7,211 — 18,767 — 18,767 
Total revenues from contracts with customers525,710 7,211 — 532,921 1,132,759 18,767 — 1,151,526 
Revenues from other sources
Regulatory revenue2,826 — — 2,826 (12,478)— — (12,478)
Bank interest and dividend income
— 59,829 — 59,829 — 124,804 — 124,804 
Other bank noninterest income— 7,674 — 7,674 — 10,881 — 10,881 
Other5,679 — 16 5,695 11,376 — 22 11,398 
Total revenues from other sources8,505 67,503 16 76,024 (1,102)135,685 22 134,605 
Total revenues$534,215 $74,714 $16 $608,945 $1,131,657 $154,452 $22 $1,286,131 
Timing of revenue recognition
Services/goods transferred at a point in time
$— $7,211 $— $7,211 $— $18,767 $— $18,767 
Services/goods transferred over time
525,710 — — 525,710 1,132,759 — — 1,132,759 
Total revenues from contracts with customers$525,710 $7,211 $— $532,921 $1,132,759 $18,767 $— $1,151,526 
There are no material contract assets or liabilities associated with revenues from contracts with customers existing at December 31, 2020 or as of June 30, 2021. Accounts receivable and unbilled revenues related to contracts with customers
represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets.
As of June 30, 2021, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.