Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

The Corporation earns a variety of revenue, including interest and fees, from customers, as well as revenues from noncustomers. The majority of the Corporation's sources of revenue are included in interest income and noninterest income and are outside of the scope of ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"). Other sources of revenue fall within the scope of ASC 606 and are mostly included in noninterest income.

The Corporation recognizes revenue when the performance obligations related to the transfer of goods or services under the terms of a contract are satisfied. Some obligations are satisfied at a point in time, while others are satisfied over a period of time. Revenue is recognized as the amount of consideration expected to be received in exchange for transferring goods or services to a customer and is segregated based on the nature of product and services offered as part of contractual arrangements. Revenue streams within the scope of ASC 606 are discussed below.

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Fees and Service Charges on Deposit Accounts Fees and service charges on deposit accounts includes fees and other charges the Corporation receives to provide various services, including but not limited to, service charges on deposit accounts and other fees including account analysis fees, monthly service fees, overdraft services, transferring funds, and accepting and executing stop-payment orders. The Corporation's performance obligation for account analysis fees and monthly service fees are generally satisfied and, therefore, revenue is recognized over the period in which the service is provided. Deposit account related fees are largely transactional based, and therefore, the performance obligation is satisfied and the related revenue is recognized at the point in time when the transaction occurs.

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Wealth Management Revenue Wealth management revenue includes fee income generated from personal and institutional customers. The Corporation also provides investment management services. Revenue is recognized over the period of time the services are rendered. Wealth management revenue also includes commissions that are earned for placing a brokerage transaction for execution. Revenue is recognized once the transaction is completed and the Corporation is entitled to receive consideration.

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Card and ATM Revenue Card and ATM revenue includes ATM surcharges and debit card related revenue. ATM surcharges and certain debit card fees are transactional based and, therefore, the performance obligation is satisfied and the related revenue is recognized at the point in time when the transaction occurs. Other debit card fees satisfied over a period of time are recognized over the period in which the service is provided.

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Other Noninterest Income Other noninterest income includes wire transfer fees, safe deposit box income and check orders. The consideration includes both fixed (e.g., safe deposit box fees) and transaction (i.e., wire-transfer fee and check orders) fees. Fixed fees are recognized over the period of time the service is provided, while transaction fees are recognized when a specific service is rendered to the customer.


•	Net Foreclosed Real Estate and Repossessed Assets Expense Net foreclosed real estate and repossessed assets expense includes net gain or loss on sales of other real estate owned and repossessed assets. Revenue is recognized at the time the sale is complete and the Corporation is entitled to receive consideration, including sales that are seller financed as receipt of all payment is expected.

The following tables present total noninterest income segregated between contracts with customers within the scope of ASC 606 and those within the scope of other GAAP topics.



	Year Ended December 31, 2019
	Within the scope of ASC 606								Out of scope of ASC 606		Total
(In thousands)	Consumer Banking			Commercial Banking		Enterprise Services			Out of scope of ASC 606		Total
Noninterest income
Fees and service charges on deposit accounts	$	112,733		$	4,924	$	—		$	10,203	$	127,860
Wealth management revenue	2,204			—		—			8,209		10,413
Card and ATM revenue	81,465			6		—			5,750		87,221
Other noninterest income	241			9,280		14,573			215,944		240,038
Total	$	196,643		$	14,210	$	14,573		$	240,106	$	465,532
Noninterest expense
Net foreclosed real estate and repossessed assets	$	(1,088	)	$	546	$	(18	)	$	14,083	$	13,523



	Year Ended December 31, 2018
	Within the scope of ASC 606							Out of scope of ASC 606		Total
(In thousands)	Consumer Banking		Commercial Banking			Enterprise Services		Out of scope of ASC 606		Total
Noninterest income
Fees and service charges on deposit accounts	$	108,883	$	4,224		$	—	$	135	$	113,242
Card and ATM revenue	78,119		4			—		283		78,406
Other noninterest income	1,363		11,387			21,592		228,407		262,749
Total	$	188,365	$	15,615		$	21,592	$	228,825	$	454,397
Noninterest expense
Net foreclosed real estate and repossessed assets	$	—	$	(246	)	$	—	$	17,296	$	17,050



	December 31, 2017
	Within the scope of ASC 606							Out of scope of ASC 606		Total
(In thousands)	Consumer Banking			Commercial Banking		Enterprise Services		Out of scope of ASC 606		Total
Noninterest income
Fees and service charges on deposit accounts	$	111,222		$	4,176	$	—	$	169	$	115,567
Card and ATM revenue	74,992			4		—		169		75,165
Other noninterest income	(5,766		)	8,188		16,039		226,870		245,331
Total	$	180,448		$	12,368	$	16,039	$	227,208	$	436,063
Noninterest expense
Net foreclosed real estate and repossessed assets	$	—		$	424	$	—	$	17,332	$	17,756

Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity's obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Corporation's noninterest income streams are largely based on transactional activity, or standard month-end revenue accruals such as asset management fees based on month-end market values. Consideration is most often received immediately or shortly after the Corporation satisfies its performance obligation and revenue is recognized. The Corporation does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances.