XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue Recognition
 12 Months Ended
Dec. 31, 2021
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. For the year ended December 31, 2021, other income primarily included rental income from subleasing one of the Company's branches to a third party and loan servicing fees. In prior years, other income primarily included fee income on interest rate swaps, rental income from subleasing one of the Company's branches to a third party and income and gains or losses, net, related to other real estate owned.
The following table summarizes non-interest income for the periods indicated (in thousands):
 December 31,
 202120202019
Fees and service charges for customer services:
Service charges$3,075 $2,356 $3,309 
ATM and card interchange fees1,893 1,326 1,310 
Investment fees426 285 262 
Total fees and service charges for customer services5,394 3,967 4,881 
Income on bank-owned life insurance (1)
4,103 3,774 7,023 
Gains on available-for-sale debt securities, net (1)
1,495 327 514 
Gains on trading securities, net (1)
1,703 1,601 1,988 
Gains on sale of loans (1)
1,401 665 — 
Other (1)
357 1,138 402 
Total non-interest income$14,453 $11,472 $14,808 
(1) Not within the scope of Topic 606