Note 9: Other Income

The Company has included the following table regarding the Company’s other income for the periods presented. All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within Other Income. The following tables present the Company’s sources of Other Income for the three and nine months ended September 30, 2019 and 2018. Items outside the scope of ASC 606 are noted as such.


	For the three		For the three
	months ended		months ended
(In thousands)	September 30, 2019		September 30, 2018
Service fees
Deposit related fees	$	18	$	18
Insufficient funds fee		20		20
Total service fees		38		38
Fee income
Securities commission income		2		9
Insurance commission income		2		27
Total insurance and securities commission income		4		36
Card income
Debit card interchange fee income		38		37
ATM fees		8		9
Total card income		46		46
Mortgage fee income and realized gain on sales of loans*
Residential mortgage loan origination fees		66		94
Commercial loan fees		33		49
Loan servicing income		74		75
Realized gain on sales of residential mortgage loans		278		461
Total mortgage fee income and realized gain on sales of loans		451		679
Bank owned life insurance		15		16
Other miscellaneous income		–		1
Total non-interest income	$	554	$	816

*Outside scope of ASC 606


	For the nine		For the nine
	months ended		months ended
(In thousands)	September 30, 2019		September 30, 2018
Service fees
Deposit related fees	$	49	$	45
Insufficient funds fee		55		62
Total service fees		104		107
Fee income
Securities commission income		6		36
Insurance commission income		8		73
Total insurance and securities commission income		14		109
Card income
Debit card interchange fee income		103		108
ATM fees		23		24
Total card income		126		132
Mortgage fee income and realized gain on sales of loans*
Residential mortgage loan origination fees		156		262
Commercial loan fees		62		81
Loan servicing income		225		245
Realized gain on sales of residential mortgage loans		620		1,051
Realized gain on sale of SBA loan		–		47
Total mortgage fee income and realized gain on sales of loans		1,063		1,686
Bank owned life insurance		45		46
Other miscellaneous income		–		19
Total non-interest income	$	1,352	$	2,099

*Outside scope of ASC 606

The Company recognizes revenue as it is earned. The following is a discussion of key revenues within the scope of the new revenue guidance:

Service fees – Revenue from fees on deposit accounts is earned through the presentation of an individual item for processing for insufficient funds fees or customer initiated activities or passage of time for deposit related fees.

Fee income – Fee income is earned through commissions on insurance and securities sales and earned at a point in time.

Card income – Card income consists of interchange fees from consumer debit card networks and other card related services. Interchange rates are set by the card networks. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur.

Mortgage fee income and realized gain on sales of loans – Revenue from mortgage fee income and realized gain on sales of loans is earned through the origination of residential and commercial mortgage loans and the sales of one-to-four family residential mortgage loans and government guaranteed portions of SBA loans and is recognized as transactions occur.