Other Operating Income and Expense

9 Months Ended

Sep. 30, 2020

Other Income And Expenses [Abstract]

14.	OTHER OPERATING INCOME AND EXPENSE

Other Operating Income

Other operating income for the three and nine months ended September 30, 2020 and 2019 consisted of the following:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(Dollars in Thousands, Except Per Share Data)
Bank-owned life insurance	$	108	$	109	$	323	$	323
Auto Club revenue		22		49		75		149
ATM fee income		128		108		344		323
Wire transfer fees		14		17		42		39
Gain on sales of premises and equipment and other assets		316		7		324		7
Other income		33		129		192		248
Total	$	621	$	419	$	1,300	$	1,089

On January 1, 2018, the Company implemented ASU 2014-09, Revenue from Contracts with Customers, codified at ASC Topic 606. The majority of the Company’s revenue is generated through interest earned on financial instruments, including loans and investment securities, which falls outside the scope of ASC Topic 606. The Company also generates revenue from insurance- and lease-related contracts that fall outside the scope of ASC Topic 606.

All of the Company’s revenue that is subject to ASC Topic 606 is included in non-interest income; however, not all non-interest income is subject to ASC Topic 606. Revenue earned by the Company that is subject to ASC Topic 606 primarily consists of service and other charges on deposit accounts, mortgage fees from secondary market transactions at the Bank, ATM fee income and other non-interest income. Revenue generated from these sources for the nine-month periods ended September 30, 2020 and 2019 was $2.0 million and $2.4 million, respectively, and for the three-month periods ended September 30, 2020 and 2019 was $0.6 million and $0.9 million, respectively. All sources of the Company’s revenue subject to ASC Topic 606 are transaction-based, and revenue is recognized at the time at which the transaction is executed, which is the same time at which the Company’s performance obligation is satisfied. The Company had no contract liabilities or unsatisfied performance obligations with customers as of September 30, 2020.

Other Operating Expense

Other operating expense for the three and nine months ended September 30, 2020 and 2019 consisted of the following:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(Dollars in Thousands, Except Per Share Data)
Postage, stationery and supplies	$	207	$	208	$	639	$	658
Telephone/data communication		232		228		684		646
Advertising and marketing		42		51		128		143
Travel and business development		32		90		181		303
Collection and recoveries		41		14		186		114
Other services		87		77		263		220
Insurance expense		140		139		443		454
FDIC insurance and state assessments		119		28		315		186
Loss on sales of premises and equipment and other assets		152		128		439		347
Core deposit intangible amortization		104		122		323		378
Other real estate/foreclosure expense, net		21		54		62		143
Other expense		559		526		1,303		1,465
Total	$	1,736	$	1,665	$	4,966	$	5,057