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Noninterest Income | 3 Months Ended
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Mar. 31, 2020
Revenue From Contract With Customer [Abstract] |
Noninterest Income | Note 13: Noninterest Income The Company has included the following table regarding the Company’s noninterest income for the periods presented.
|  | For the three months |
|  | ended March 31, |
(In thousands) |  | 2020 |  |  | 2019 |
Service fees |  |  |  |  |  |  |  |
Insufficient funds fees |  | $ | 275 |  |  | $ | 208 |
Deposit related fees |  |  | 55 |  |  |  | 52 |
ATM fees |  |  | 26 |  |  |  | 22 |
Total service fees |  |  | 356 |  |  |  | 282 |
Fee Income |  |  |  |  |  |  |  |
Insurance commissions |  |  | 335 |  |  |  | 235 |
Investment services revenue |  |  | 68 |  |  |  | 48 |
ATM fees surcharge |  |  | 54 |  |  |  | 46 |
Banking house rents collected |  |  | 71 |  |  |  | 34 |
Total fee income |  |  | 528 |  |  |  | 363 |
Card income |  |  |  |  |  |  |  |
Debit card interchange fees |  |  | 163 |  |  |  | 144 |
Merchant card fees |  |  | 16 |  |  |  | 16 |
Total card income |  |  | 179 |  |  |  | 160 |
Mortgage fee income and realized gain on sale of loans and foreclosed real estate |  |  |  |  |  |  |  |
Loan servicing fees |  |  | 49 |  |  |  | 27 |
Net gains (losses) on sales of loans and foreclosed real estate |  |  | 672 |  |  |  | (8 | )
Total mortgage fee income and realized gain on sale of loans and foreclosed real estate |  |  | 721 |  |  |  | 19 |
Total |  |  | 1,784 |  |  |  | 824 |
Earnings and gain on bank owned life insurance |  |  | 116 |  |  |  | 121 |
Net gains on sales and redemptions of investment securities |  |  | 26 |  |  |  | 79 |
(Losses)/gains on marketable equity securities |  |  | (194 | ) |  |  | 41 |
Other miscellaneous income |  |  | 16 |  |  |  | 28 |
Total noninterest income |  | $ | 1,748 |  |  | $ | 1,093 |
The following is a discussion of key revenues within the scope of the new revenue guidance:
| • | Service fees – Revenue is earned through insufficient funds fees, customer initiated activities or passage of time for deposit related fees, and ATM service fees. Transaction-based fees are recognized at the time the transaction is executed, which is the same time the Company’s performance obligation is satisfied. Account maintenance fees are earned over the course of the month as the monthly maintenance performance obligation to the customer is satisfied.
| • | Fee income – Revenue is earned through commissions on insurance and securities sales, ATM surcharge fees, and banking house rents collected. The Company earns investment advisory fee income by providing investment management services to customers under investment management contracts. As the direction of investment management accounts is provided over time, the performance obligation to investment management customers is satisfied over time, and therefore, revenue is recognized over time.
| • | Card income – Card income consists of interchange fees from consumer debit card networks and other related services. Interchange rates are set by the card networks. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur.
| • | Mortgage fee income and realized gain on sale of loans and foreclosed real estate – Revenue from mortgage fee income and realized gain on sale of loans and foreclosed real estate is earned through the origination of residential and commercial mortgage loans, sales of one-to-four family residential mortgage loans, sales of government guarantees portions of SBA loans, and sales of foreclosed real estate, and is earned as the transaction occurs.

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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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