Non-Interest Income

6 Months Ended

Jun. 30, 2018

Noninterest Income, Other [Abstract]

Non-Interest Income

Note 9: Non-Interest Income

The Company has included the following tables regarding the Company’s non-interest income for the periods presented.

	For the three		For the three
	months ended		months ended
	June 30, 2018		June 30, 2017
(In thousands)
Service fees
Deposit related fees		16		18
Insufficient funds fee		21		20
Total service fees		37		38
Fee income
Securities commission income		9		11
Insurance commission income		25		57
Total insurance and securities commission income		34		68
Card income
Debit card interchange fee income		36		35
ATM fees		8		7
Total card income		44		42
Mortgage fee income and realized gain on sales of loans
Residential mortgage loan origination fees		87		113
Commercial loan fees		24		6
Loan servicing income		85		78
Realized gain on sales of residential mortgage loans		289		691
Total mortgage fee income and realized gain on sales of loans		485		888
Bank owned life insurance		15		16
Total non-interest income	$	615	$	1,052

	For the six		For the six
	months ended		months ended
	June 30, 2018		June 30, 2017
(In thousands)
Service fees
Deposit related fees		27		37
Insufficient funds fee		42		41
Total service fees		69		78
Fee income
Securities commission income		27		23
Insurance commission income		46		80
Total insurance and securities commission income		73		103
Card income
Debit card interchange fee income		71		65
ATM fees		15		15
Total card income		86		80
Mortgage fee income and realized gain on sales of loans
Residential mortgage loan origination fees		168		196
Commercial loan fees		32		19
Loan servicing income		170		154
Realized gain on sales of residential mortgage loans		590		1,017
Realized gain on sale of SBA loan		47		-
Total mortgage fee income and realized gain on sales of loans		1,007		1,386
Bank owned life insurance		30		31
Other miscellaneous income		18		10
Total non-interest income	$	1,283	$	1,688

The Company recognizes revenue as it is earned and noted no impact to its revenue recognition policies as a result of the adoption of ASU 2014-09. 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.