XML 44 R28.htm IDEA: XBRL DOCUMENT v3.25.0.1
Revenue Recognition
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition REVENUE RECOGNITION
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:
Year Ended December 31,
202420232022
(Dollars in thousands)
Noninterest bearing deposit account income:
Monthly service charges$964 $969 $997 
Customer analysis charges5,880 5,043 4,602 
NSF charges3,459 2,991 2,889 
Other service charges316 365 355 
Total noninterest bearing deposit account income10,619 9,368 8,843 
Interest bearing deposit account income:
Monthly service charges109 98 95 
Total service fees on deposit accounts$10,728 $9,466 $8,938 
Wire transfer fee income:
Wire transfer fees$1,523 $1,951 $1,817 
Foreign exchange fees2,265 1,371 1,660 
Total wire transfer and foreign currency fees$3,788 $3,322 $3,477