XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.1
Note 12 - Revenue From Contracts With Customers
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

12.

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, 2025 and 2024:

 

   

Three Months Ended
March 31,

  

(In thousands)

  

2025

    

2024

  
                 

In Scope for ASC 606

                

Service charges on deposit accounts

   $ 593     $ 593  

ATM and debit card fees

     1,036       1,060  

Other

     48       48  

Revenue from contracts with customers

     1,677       1,701  
                 

Out of Scope for ASC 606

                

Net gains on loans and investments

     52       65  

Increase in cash value of life insurance

     72       48  

Other

     47       85  

Other noninterest income

     171       198  
                 

Total noninterest income

   $ 1,848     $ 1,899  

 

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.

 

Other Income:  Other income from contracts with customers includes safe deposit box fees, investment advisory income 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.