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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue According to Revenue Stream and Business Segment The following table depicts the disaggregation of noninterest income according to revenue stream and Business Segment for the three and six months ended June 30, 2020 and June 30, 2019.  As stated in Note 8, “Business Segment Reporting,” for comparability purposes, amounts in all periods are based on methodologies in effect at June 30, 2020 and previously reported results have been reclassified in this Form 10-Q to conform to the Company’s current organizational structure.  Disaggregated revenue is as follows (in thousands):

 

 

Three Months Ended June 30, 2020

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

31,355

 

 

$

14,966

 

 

$

 

 

$

46,321

 

Trading and investment banking

 

 

 

 

 

23

 

 

 

 

 

 

12,828

 

 

 

12,851

 

Service charges on deposit accounts

 

 

6,891

 

 

 

10,462

 

 

 

1,672

 

 

 

49

 

 

 

19,074

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

533

 

 

 

 

 

 

533

 

Brokerage fees

 

 

58

 

 

 

3,822

 

 

 

1,873

 

 

 

 

 

 

5,753

 

Bankcard fees

 

 

10,913

 

 

 

3,535

 

 

 

4,677

 

 

 

(6,209

)

 

 

12,916

 

Gains on sales of securities available for sale, net

 

 

 

 

 

 

 

 

 

 

 

4,006

 

 

 

4,006

 

Other

 

 

161

 

 

 

370

 

 

 

615

 

 

 

17,856

 

 

 

19,002

 

Total Noninterest income

 

$

18,023

 

 

$

49,567

 

 

$

24,336

 

 

$

28,530

 

 

$

120,456

 

 

 

 

Three Months Ended June 30, 2019

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

27,251

 

 

$

15,652

 

 

$

 

 

$

42,903

 

Trading and investment banking

 

 

 

 

 

134

 

 

 

 

 

 

5,319

 

 

 

5,453

 

Service charges on deposit accounts

 

 

7,392

 

 

 

10,632

 

 

 

2,689

 

 

 

34

 

 

 

20,747

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

465

 

 

 

 

 

 

465

 

Brokerage fees

 

 

55

 

 

 

5,026

 

 

 

1,996

 

 

 

 

 

 

7,077

 

Bankcard fees

 

 

15,213

 

 

 

5,274

 

 

 

5,646

 

 

 

(9,694

)

 

 

16,439

 

Losses on sales of securities available for sale, net

 

 

 

 

 

 

 

 

 

 

 

(1,403

)

 

 

(1,403

)

Other

 

 

292

 

 

 

381

 

 

 

844

 

 

 

12,200

 

 

 

13,717

 

Total Noninterest income

 

$

22,952

 

 

$

48,698

 

 

$

27,292

 

 

$

6,456

 

 

$

105,398

 

 

 

 

Six Months Ended June 30, 2020

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

62,617

 

 

$

30,704

 

 

$

 

 

$

93,321

 

Trading and investment banking

 

 

 

 

 

679

 

 

 

 

 

 

13,895

 

 

 

14,574

 

Service charges on deposit accounts

 

 

13,783

 

 

 

26,069

 

 

 

4,211

 

 

 

92

 

 

 

44,155

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

792

 

 

 

 

 

 

792

 

Brokerage fees

 

 

117

 

 

 

11,412

 

 

 

4,084

 

 

 

 

 

 

15,613

 

Bankcard fees

 

 

25,901

 

 

 

8,259

 

 

 

9,667

 

 

 

(14,366

)

 

 

29,461

 

Gains on sales of securities available for sale, net

 

 

 

 

 

 

 

 

 

 

 

5,233

 

 

 

5,233

 

Other

 

 

561

 

 

 

808

 

 

 

1,328

 

 

 

13,034

 

 

 

15,731

 

Total Noninterest income

 

$

40,362

 

 

$

109,844

 

 

$

50,786

 

 

$

17,888

 

 

$

218,880

 

 

 

 

Six Months Ended June 30, 2019

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

53,940

 

 

$

30,920

 

 

$

 

 

$

84,860

 

Trading and investment banking

 

 

 

 

 

262

 

 

 

 

 

 

10,772

 

 

 

11,034

 

Service charges on deposit accounts

 

 

14,853

 

 

 

21,709

 

 

 

5,397

 

 

 

69

 

 

 

42,028

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

803

 

 

 

 

 

 

803

 

Brokerage fees

 

 

103

 

 

 

10,448

 

 

 

3,769

 

 

 

 

 

 

14,320

 

Bankcard fees

 

 

29,701

 

 

 

10,799

 

 

 

10,761

 

 

 

(17,755

)

 

 

33,506

 

Losses on sales of securities available for sale, net

 

 

 

 

 

 

 

 

 

 

 

(594

)

 

 

(594

)

Other

 

 

631

 

 

 

720

 

 

 

1,715

 

 

 

23,757

 

 

 

26,823

 

Total Noninterest income

 

$

45,288

 

 

$

97,878

 

 

$

53,365

 

 

$

16,249

 

 

$

212,780