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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Summary of Noninterest Income by Revenue Stream and Reportable Segment, Net of Eliminations

All material revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income. ASC 606 rules govern the disclosure of revenue tied to contracts. The following table presents the Company’s noninterest income by revenue stream and reportable segment, net of eliminations, for the years ended December 31, 2023, 2022 and 2021. Items outside the scope of ASC 606 are noted as such.

 

(In Thousands of Dollars)

 

Trust
Segment

 

 

Bank
Segment

 

 

Totals

 

December 31, 2023

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

0

 

 

$

6,322

 

 

$

6,322

 

Debit card and EFT fees

 

 

0

 

 

 

7,059

 

 

 

7,059

 

Trust fees

 

 

10,108

 

 

 

0

 

 

 

10,108

 

Insurance agency commissions

 

 

0

 

 

 

5,444

 

 

 

5,444

 

Retirement plan consulting fees

 

 

1,406

 

 

 

0

 

 

 

1,406

 

Investment commissions

 

 

0

 

 

 

1,978

 

 

 

1,978

 

Other (outside the scope of ASC 606)

 

 

0

 

 

 

9,544

 

 

 

9,544

 

Total noninterest income

 

$

11,514

 

 

$

30,347

 

 

$

41,861

 

 

(In Thousands of Dollars)

 

Trust
Segment

 

 

Bank
Segment

 

 

Totals

 

December 31, 2022

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

0

 

 

$

4,716

 

 

$

4,716

 

Debit card and EFT fees

 

 

0

 

 

 

5,814

 

 

 

5,814

 

Trust fees

 

 

9,638

 

 

 

0

 

 

 

9,638

 

Insurance agency commissions

 

 

0

 

 

 

4,402

 

 

 

4,402

 

Retirement plan consulting fees

 

 

1,389

 

 

 

0

 

 

 

1,389

 

Investment commissions

 

 

0

 

 

 

2,183

 

 

 

2,183

 

Other (outside the scope of ASC 606)

 

 

8,375

 

 

 

7,685

 

 

 

16,060

 

Total noninterest income

 

$

19,402

 

 

$

24,800

 

 

$

44,202

 

 

 

(In Thousands of Dollars)

 

Trust
Segment

 

 

Bank
Segment

 

 

Totals

 

December 31, 2021

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

0

 

 

$

3,660

 

 

$

3,660

 

Debit card and EFT fees

 

 

0

 

 

 

5,144

 

 

 

5,144

 

Trust fees

 

 

9,438

 

 

 

0

 

 

 

9,438

 

Insurance agency commissions

 

 

0

 

 

 

3,456

 

 

 

3,456

 

Retirement plan consulting fees

 

 

1,421

 

 

 

0

 

 

 

1,421

 

Investment commissions

 

 

0

 

 

 

2,276

 

 

 

2,276

 

Other

 

 

0

 

 

 

12,798

 

 

 

12,798

 

Total noninterest income

 

$

10,859

 

 

$

27,334

 

 

$

38,193