REVENUE RECOGNITION

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

NOTE 13 – REVENUE RECOGNITION

The majority of the Company’s revenues come from interest income on financial instruments, including loans, leases, securities and derivatives, which are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented with non-interest income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 include service charges and fees on deposits, debit card income, investment referral income, insurance sales commissions and other non-interest income related to loans and deposits.

Except for gains or losses from the sale of other real estate owned, all of the Company’s revenue from contracts with customers within the scope of ASC 606 are recognized in non-interest income. The following table presents the Company’s sources of non-interest income for the three and six months ended June 30, 2024, and 2023.

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Non-interest income
Service charges and fees	$	2,541		$	2,653		$	5,110		$	5,198
Debit card income		2,621			2,653			5,068			5,207
Mortgage banking(a)		245			213			433			301
Increase in bank-owned life insurance(a)		911			757			1,739			2,340
Net gain (loss) on acquisitions(a)		60			—			1,300			—
Net gain (loss) from securities transactions(a)		(27	)		(1,322	)		16			(1,290	)
Other
Investment referral income		149			118			287			207
Trust income		384			268			703			508
Insurance sales commissions		107			28			143			141
Recovery on zero-basis purchased loans(a)		1,028			507			4,373			513
Income (loss) from equity method investments(a)		(28	)		(56	)		(87	)		(111	)
Other non-interest income related to loans     and deposits		965			1,150			2,112			2,512
Other non-interest income not related to     loans and deposits(a)		2			(19	)		(508	)		24
Total other non-interest income		2,607			1,996			7,023			3,794
Total	$	8,958		$	6,950		$	20,689		$	15,550
(a) Not within the scope of ASC 606.