REVENUE	6 Months Ended
Jun. 30, 2018
REVENUE
REVENUE	NOTE 15 – REVENUE There was no impact to the Company’s consolidated financial statements upon adoption of ASU 2014‑09 and a cumulative effect adjustment to opening retained earnings was not deemed necessary. Trust and investment management fees are included within non‑interest income and is considered in‑scope of Topic 606 and discussed below. Trust and investment management fees Trust and investment management fees are earned for providing trust and investment services to clients. The Company’s performance obligation under these contracts is satisfied over time as the services are provided. Fees are recognized monthly based on the average monthly value of the assets under management and the corresponding fee rate based on the terms of the contract. No performance based incentive fees are earned with respect to investment management contracts. Receivables are recorded on the consolidated balance sheet in the accounts receivable line item. All of the trust and investment management income on the consolidated statement of operations for the three months ended June 30, 2018 is considered in‑scope of Topic 606.

REVENUE

6 Months Ended

Jun. 30, 2018

NOTE 15 – REVENUE

There was no impact to the Company’s consolidated financial statements upon adoption of ASU 2014‑09 and a cumulative effect adjustment to opening retained earnings was not deemed necessary. Trust and investment management fees are included within non‑interest income and is considered in‑scope of Topic 606 and discussed below.

Trust and investment management fees

Trust and investment management fees are earned for providing trust and investment services to clients. The Company’s performance obligation under these contracts is satisfied over time as the services are provided. Fees are recognized monthly based on the average monthly value of the assets under management and the corresponding fee rate based on the terms of the contract. No performance based incentive fees are earned with respect to investment management contracts. Receivables are recorded on the consolidated balance sheet in the accounts receivable line item.

All of the trust and investment management income on the consolidated statement of operations for the three months ended June 30, 2018 is considered in‑scope of Topic 606.