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Other Operating Income and Expense | 9 Months Ended
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Sep. 30, 2021
Other Income And Expenses [Abstract] |
Other Operating Income and Expense |
1 5. | OTHER OPERATING INCOME AND EXPENSE
Other Operating Income Other operating income for the three and nine months ended September 30, 2021 and 2020 consisted of the following:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (Dollars in Thousands, Except Per Share Data) |
Bank-owned life insurance |  | $ | 110 |  |  | $ | 108 |  |  | $ | 327 |  |  | $ | 323 |
Credit insurance commissions and fees |  |  | 63 |  |  |  | 54 |  |  |  | 150 |  |  |  | 252 |
Auto Club revenue |  |  | 34 |  |  |  | 22 |  |  |  | 90 |  |  |  | 75 |
ATM fee income |  |  | 141 |  |  |  | 128 |  |  |  | 432 |  |  |  | 344 |
Wire transfer fees |  |  | 18 |  |  |  | 14 |  |  |  | 49 |  |  |  | 42 |
Gain on sales of premises and equipment and other assets |  |  | 17 |  |  |  | 316 |  |  |  | 17 |  |  |  | 324 |
Other income |  |  | 34 |  |  |  | 33 |  |  |  | 150 |  |  |  | 192 |
Total |  | $ | 417 |  |  | $ | 675 |  |  | $ | 1,215 |  |  | $ | 1,552 |
All of the Company’s revenue that is subject to ASU 2014-09, Revenue from Contracts with Customers, codified at 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, 2021 and 2020 was $1.5 million and $2.0 million, respectively, and for the three-month periods ended September 30, 2021 and 2020 was $0.5 million and $0.6 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, 2021. Other Operating Expense Other operating expense for the three and nine months ended September 30, 2021 and 2020 consisted of the following:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (Dollars in Thousands, Except Per Share Data) |
Postage, stationery and supplies |  | $ | 206 |  |  | $ | 207 |  |  | $ | 618 |  |  | $ | 639 |
Telephone/data communication |  |  | 283 |  |  |  | 232 |  |  |  | 742 |  |  |  | 684 |
Advertising and marketing |  |  | 33 |  |  |  | 42 |  |  |  | 115 |  |  |  | 128 |
Travel and business development |  |  | 42 |  |  |  | 32 |  |  |  | 109 |  |  |  | 181 |
Collection and recoveries |  |  | 32 |  |  |  | 41 |  |  |  | 142 |  |  |  | 186 |
Other services |  |  | 129 |  |  |  | 87 |  |  |  | 272 |  |  |  | 263 |
Insurance expense |  |  | 149 |  |  |  | 140 |  |  |  | 464 |  |  |  | 443 |
FDIC insurance and state assessments |  |  | 191 |  |  |  | 119 |  |  |  | 521 |  |  |  | 315 |
Loss on sales of premises and equipment and other assets |  |  | 76 |  |  |  | 152 |  |  |  | 130 |  |  |  | 439 |
Core deposit intangible amortization |  |  | 85 |  |  |  | 104 |  |  |  | 268 |  |  |  | 323 |
Other real estate/foreclosure expense, net |  |  | (273 | ) |  |  | 21 |  |  |  | (286 | ) |  |  | 62 |
Other expense |  |  | 537 |  |  |  | 559 |  |  |  | 1,564 |  |  |  | 1,303 |
Total |  | $ | 1,490 |  |  | $ | 1,736 |  |  | $ | 4,659 |  |  | $ | 4,966 |

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