Revenue Recognition

12 Months Ended

Dec. 31, 2018

Revenue From Contract With Customer [Abstract]

Note 25.Revenue Recognition

A description of the Company’s noninterest income is as follows:

Trust, estate and brokerage fee income: Income is primarily comprised of fees earned from the management and administration of trusts, estates and other customer assets and by providing investment brokerage services. Fees that are transaction-based (e.g., execution of trades) are recognized on a monthly basis. Other fees, or commissions, are earned over time as the contracted monthly or quarterly services are provided and are generally assessed based on either account activity or the market value of assets under management.

Service charges on deposit accounts: The Company earns fees from its deposit customers for overdraft and account maintenance services. Overdraft fees are recognized when the overdraft occurs. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. The Company also earns fees from its customers for transaction-based services. Such services include safe deposit box, ATM, stop payment and wire transfer fees. In each case, these service charges and fees are recognized in income at the time or within the same period that the Company’s performance obligation is satisfied.

Interchange fee income, net: The Company earns interchange fees from debit and credit cardholder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services.

Noninterest income by major source, for the years ended December 31, 2018, 2017 and 2016, consisted of the following:


(In thousands)	2018			2017			2016
Trust and estate fees ⁽¹⁾	$	1,542		$	1,528		$	1,409
Brokerage fees ⁽¹⁾		180			170			184
Service charges on deposit accounts ⁽¹⁾		1,706			1,926			2,108
Interchange fee income, net ⁽¹⁾		1,252			1,299			1,134
Bank-owned life insurance		361			362			361
Other service charges, commissions and other income ⁽²⁾		325			299			367
Loss on housing funds and other partnerships, net		(167	)		(126	)		(267	)
Gain on call of securities available for sale		838			-			1
Gain on sale of mortgage loans held for sale, net		37			10			-
Total noninterest income	$	6,074		$	5,468		$	5,297

⁽¹⁾Income within scope of Accounting Standards Codification (“ASC”) 606.

⁽²⁾	Income within the scope of ASC 606 of $301,000, $269,000 and $258,000 for the years ended December 31, 2018, 2017 and 2016, respectively. The remaining balancing is outside the scope of ASC 606.