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Revenue Recognition
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
With the adoption of ASU 2014-09 (Topic 606), the Company recognizes revenue when obligations under the terms of a contract with customers are satisfied. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also out of scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as deposit related fees, wire transfer fees, and certain OREO related net gains or expenses. However, the recognition of these revenue streams for the Company did not change significantly upon adoption of Topic 606. Noninterest revenue streams within the scope of Topic 606 are discussed below.
Service Charges on Deposit Accounts and Wire Transfer Fees
Service charges on noninterest and interest bearing deposit accounts consist of monthly service charges, customer analysis charges, non-sufficient funds (“NSF”) charges, and other deposit account related charges. The Company’s performance obligation for account analysis charges and monthly service charges is generally satisfied, and the related revenue is recognized, over the period in which the service is provided. NSF charges, other deposit account related charges, and wire transfer fees are transaction based, and therefore the Company’s performance obligation is satisfied at the point of the transaction, and related revenue recognized at that point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts.
Service charges on deposit accounts and wire transfers are summarized below:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(Dollars in thousands)
Noninterest bearing deposit account income:
Monthly service charges$241 $249 $486 $501 
Customer analysis charges1,259 1,183 2,385 2,115 
NSF charges711 731 1,446 1,400 
Other service charges89 84 180 181 
Total noninterest bearing deposit account income2,300 2,247 4,497 4,197 
Interest bearing deposit account income:
Monthly service charges25 23 49 47 
Total service fees on deposit accounts$2,325 $2,270 $4,546 $4,244 
Wire transfer fee income:
Wire transfer fees$733 $770 $1,386 $1,489 
Foreign exchange fees117 88 237 269 
Total wire transfer fees$850 $858 $1,623 $1,758