12.REVENUE RECOGNITION

In general, for revenue not associated with financial instruments, guarantees and lease contracts, we apply the following steps when recognizing revenue from contracts with customers: (i) identify the contract, (ii) identify the performance obligations, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations and (v) recognize revenue when performance obligation is satisfied. Our contracts with customers are generally short term in nature, typically due within one year or less or cancellable by us or our customer upon a short notice period. Performance obligations for our customer contracts are generally satisfied at a single point in time, typically when the transaction is complete. In some cases, we act in an agent capacity, deriving revenue through assisting other entities in transactions with our customers. In such transactions, we recognized revenue and the related costs to provide our services on a net basis in our financial statements. These transactions primarily relate to insurance and brokerage commissions, and fees derived from our customers' use of various interchange and ATM/debit card networks.

Revenue associated with financial instruments, including revenue from loans and securities is excluded from the scope of the accounting guidance for revenue from contracts with customers. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the accounting guidance for revenue from contracts with customers. The accounting guidance for revenue from contracts with customers is applicable to noninterest revenue streams such as deposit related fees, interchange fees, and insurance and wealth management services commissions.

The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of the accounting guidance for revenue from contracts with customers, for the three and six months ended December 31, 2020 and 2019.


	For the Three Months Ended December 31,				For the Six Months Ended December 31,
	2020		2019		2020		2019
	(dollars in thousands)				(dollars in thousands)
Non-interest Income
In scope
Insurance services	$	1,072	$	1,357	$	1,742	$	2,032
Wealth management services		806		714		1,490		1,393
Service charges on deposit accounts		683		860		1,302		1,776
Card services income		740		708		1,501		1,439
Other		208		66		208		130
Non-interest income in scope		3,509		3,705		6,243		6,770

Non-interest income out of scope		1,214		1,808		2,007		2,605

Total non-interest income	$	4,723	$	5,513	$	8,250	$	9,375