XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2
Noninterest Income
 6 Months Ended
Jun. 30, 2022
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

 

 

For the six months

 

 

 

ended June 30,

 

 

ended June 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service fees

 

 

 

 

 

 

 

 

 

 

 

 

Insufficient funds fees

 

$

134

 

 

$

208

 

 

$

252

 

 

$

398

 

Deposit related fees

 

 

110

 

 

 

96

 

 

 

211

 

 

 

194

 

ATM fees

 

 

39

 

 

 

53

 

 

 

79

 

 

 

97

 

    Total service fees

 

 

283

 

 

 

357

 

 

 

542

 

 

 

689

 

Fee Income

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

 

288

 

 

 

232

 

 

 

583

 

 

 

511

 

Investment services revenue

 

 

128

 

 

 

163

 

 

 

225

 

 

 

246

 

ATM fees surcharge

 

 

59

 

 

 

59

 

 

 

107

 

 

 

110

 

Banking house rents collected

 

 

46

 

 

 

62

 

 

 

102

 

 

 

125

 

    Total fee income

 

 

521

 

 

 

516

 

 

 

1,017

 

 

 

992

 

Card income

 

 

 

 

 

 

 

 

 

 

 

 

Debit card interchange fees

 

 

231

 

 

 

241

 

 

 

459

 

 

 

462

 

Merchant card fees

 

 

18

 

 

 

15

 

 

 

33

 

 

 

31

 

    Total card income

 

 

249

 

 

 

256

 

 

 

492

 

 

 

493

 

Mortgage fee income and realized gain on sale of loans
  and foreclosed real estate

 

 

 

 

 

 

 

 

 

 

 

 

Loan servicing fees

 

 

69

 

 

 

11

 

 

 

186

 

 

 

101

 

Net gains on sales of loans and foreclosed real estate

 

 

12

 

 

 

39

 

 

 

75

 

 

 

159

 

Total mortgage fee income and realized gain on sale of
   loans and foreclosed real estate

 

 

81

 

 

 

50

 

 

 

261

 

 

 

260

 

Total

 

 

1,134

 

 

 

1,179

 

 

 

2,312

 

 

 

2,434

 

Earnings and gain on bank owned life insurance

 

 

123

 

 

 

129

 

 

 

285

 

 

 

254

 

Net gains on sale and redemption of investment
   securities

 

 

36

 

 

 

51

 

 

 

30

 

 

 

51

 

(Losses) gains on marketable equity securities

 

 

(29

)

 

 

49

 

 

 

39

 

 

 

283

 

Net gains on sale of premises and equipment

 

 

-

 

 

 

-

 

 

 

-

 

 

 

201

 

Other miscellaneous income

 

 

32

 

 

 

26

 

 

 

233

 

 

 

56

 

Total noninterest income

 

$

1,296

 

 

$

1,434

 

 

$

2,899

 

 

$

3,279

 

 

 

The following is a discussion of key revenues within the scope of ASC 606 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 Small Business Administration loans (“SBA loans”), and sales of foreclosed real estate, and is earned as the transaction occurs.