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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2024
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 three months ended March 31, 2024 and 2023.

 

(In Thousands of Dollars)

 

Trust
Segment

 

 

Bank
Segment

 

 

Totals

 

For Three Months Ended March 31, 2024

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

0

 

 

$

1,583

 

 

$

1,583

 

Debit card and EFT fees

 

 

0

 

 

 

1,567

 

 

 

1,567

 

Trust fees

 

 

2,793

 

 

 

0

 

 

 

2,793

 

Insurance agency commissions

 

 

0

 

 

 

1,528

 

 

 

1,528

 

Retirement plan consulting fees

 

 

334

 

 

 

0

 

 

 

334

 

Investment commissions

 

 

0

 

 

 

432

 

 

 

432

 

Other (outside the scope of ASC 606)

 

 

0

 

 

 

120

 

 

 

120

 

Total noninterest income

 

$

3,127

 

 

$

5,230

 

 

$

8,357

 

 

(In Thousands of Dollars)

 

Trust
Segment

 

 

Bank
Segment

 

 

Totals

 

For Three Months Ended March 31, 2023

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

0

 

 

$

1,432

 

 

$

1,432

 

Debit card and EFT fees

 

 

0

 

 

 

1,789

 

 

 

1,789

 

Trust fees

 

 

2,587

 

 

 

0

 

 

 

2,587

 

Insurance agency commissions

 

 

0

 

 

 

1,456

 

 

 

1,456

 

Retirement plan consulting fees

 

 

307

 

 

 

0

 

 

 

307

 

Investment commissions

 

 

0

 

 

 

393

 

 

 

393

 

Other (outside the scope of ASC 606)

 

 

0

 

 

 

2,461

 

 

 

2,461

 

Total noninterest income

 

$

2,894

 

 

$

7,531

 

 

$

10,425