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Note 9 - Revenue From Contracts With Customers
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
9.
Revenue from Contracts with Customers
 
Substantially all of the Company’s revenue from contracts with customers in the scope of FASB ASC
606
is recognized within noninterest income. The following table presents the Company’s sources of noninterest income for the
three
months ended
March 31, 2020
and
2019:
 
    Three Months Ended
    March 31,
    2020   2019
    (In thousands)
         
Service charges on deposit accounts   $
506
     $
461
  
ATM and debit card fees    
765
      
647
  
Investment advisory income    
113
      
98
  
Other    
33
      
34
  
Revenue from contracts with customers    
1,417
      
1,240
  
                 
Net gain (loss) on loans and investments    
(35
 )    
192
  
Increase in cash value of life insurance    
47
      
48
  
Other    
27
      
25
  
Other noninterest income    
39
      
265
  
                 
Total noninterest income   $
1,456
     $
1,505
  
 
A description of the Company’s revenue streams accounted for under FASB ASC
606
follows:
 
Service Charges on Deposit Accounts
: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as stop payment charges and statement rendering, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs.
 
ATM and Debit Card Fees
: The Company earns ATM usage fees and interchange fees from debit cardholder transactions conducted through a payment network. ATM fees are recognized at the point in time the transaction occurs. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder.
 
Investment Advisory Income
: The Company earns trust, insurance commissions, brokerage commissions and annuities income from its contracts with customers to manage assets for investment, and/or to transact on their accounts. These fees are primarily earned over time as the Company provides the contracted services and are generally assessed based on the market value of assets under management. Fees that are transaction based, including trade execution services, are recognized at the point in time that the transaction is executed. Other related fees, which are based on a fixed fee schedule, are recognized when the services are rendered.
 
Other Income:
Other income from contracts with customers includes safe deposit box fees and ACH origination fees. This revenue is recognized at the time the transaction is executed or over the period the Company satisfies the performance obligation.