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Revenue
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue

Note 13. Revenue

 

Disaggregated revenue

 

Revenue by type are as follows:

   2023   2022 
  

Three months ended

March 31

 
   2023   2022 
Deposit, activity, onboarding income  $2,245,831   $1,466,869 
Safe Harbor Program income   51,103    43,019 
Investment income   1,417,152    93,986 
Loan interest income   466,293    67,236 
Total Revenue  $4,180,379   $1,671,110 

 

Account fee income consists of deposit account fees, activity fees and onboarding income, which are recognized on periodic basis as per the fee schedule pursuant to deposit servicing agreement with PCCU. Safe Harbor Program income consists of outsourced support to other financial institutions providing banking to the cannabis industry whose income is recognized on the basis of usage as per the agreements. Investment income consist of interest earned on deposits with the Federal Reserve Bank pursuant to an investment servicing agreement with PCCU. Loan interest income consist of interest earned on both direct and indemnified loans pursuant to a Commercial Alliance Agreement with PCCU.