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Revenue Recognition | 3 Months Ended
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Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition The Company records revenue from contracts with customers in accordance with ASU 2014-09, Revenue from Contracts with Customers (“Topic 606”). The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities, which comprise the majority of the Company’s revenue. The Company’s revenue streams that are within the scope of Topic 606 include service charges on deposit accounts, ATM and card interchange fees, investment services fees, and other miscellaneous income. Fees and service charges for customer services include: (i) service charges on deposit accounts, including account maintenance fees, overdraft fees, insufficient funds fees, wire fees, and other deposit related fees; (ii) ATM and card interchange fees, which include fees generated when a Bank cardholder uses a non-Bank ATM or a non-Bank cardholder uses a Bank ATM, and fees earned whenever the Bank's debit cards are processed through card payment networks such as Visa; and (iii) investment services fees earned through partnering with a third party investment and brokerage service firm to provide insurance and investment products to customers. The Company's performance obligation for fees and service charges is satisfied and related revenue recognized immediately or in the month of performance of services. Other income primarily includes rental income from subleasing one of the Company's branches to a third party, which is recognized at the time the transaction occurs. The following table summarizes non-interest income for the periods indicated (dollars in thousands):
| Three Months Ended March 31,
| 2020 |  | 2019
Fees and service charges for customer services: |  |  |
Service charges | $ | 753 |  |  | $ | 782 |
ATM and card interchange fees | 304 |  |  | 301 |
Investment fees | 63 |  |  | 57 |
Total fees and service charges for customer services | 1,120 |  |  | 1,140 |
Income on bank owned life insurance (1) | 876 |  |  | 896 |
(Losses) gains on available-for-sale debt securities, net (1) | (13 | ) |  | 155 |
(Losses) gains on trading securities, net (1) | (1,992 | ) |  | 1,086 |
Swap income (1) | 76 |  |  | — |
Other | 41 |  |  | 37 |
Total non-interest income | $ | 108 |  |  | $ | 3,314 |
(1) Not in scope of Topic 606

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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