XML 59 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2021
Revenue Recognition [Abstract]  
Summary of Revenue Recognition

The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams:

 

 

 

 

 

For the Years Ended December 31,

 

(in thousands)

 

Point of Revenue
Recognition

 

2021

 

2020

 

2019

 

Revenue Streams

 

 

 

 

 

 

 

 

 

Trust fees

 

 

 

 

 

 

 

 

 

Trust account fees

 

Over time

 

$

19,717

 

$

17,753

 

$

18,059

 

WesMark fees

 

Over time

 

 

9,794

 

 

8,582

 

 

8,520

 

Total trust fees

 

 

 

 

29,511

 

 

26,335

 

 

26,579

 

Service charges on deposits

 

 

 

 

 

 

 

 

 

Commercial banking fees

 

Over time

 

 

2,088

 

 

2,337

 

 

2,033

 

Personal service charges

 

At a point in time and over time

 

 

20,324

 

 

19,606

 

 

24,941

 

Total service charges on deposits

 

 

 

 

22,412

 

 

21,943

 

 

26,974

 

Net securities brokerage revenue

 

 

 

 

 

 

 

 

 

Annuity commissions

 

At a point in time

 

 

4,331

 

 

3,906

 

 

4,829

 

Equity and debt security trades

 

At a point in time

 

 

242

 

 

349

 

 

434

 

Managed money

 

Over time

 

 

1,201

 

 

952

 

 

738

 

Trail commissions

 

Over time

 

 

1,122

 

 

982

 

 

989

 

Total net securities brokerage revenue

 

 

 

 

6,896

 

 

6,189

 

 

6,990

 

 

 

 

 

 

 

 

 

 

 

Debit card sponsorship income (1)

 

At a point in time and over time

 

 

646

 

 

2,792

 

 

328

 

Payment processing fees (1)

 

At a point in time and over time

 

 

3,100

 

 

3,010

 

 

3,002

 

Electronic banking fees

 

At a point in time

 

 

19,318

 

 

17,524

 

 

22,634

 

Mortgage banking income

 

At a point in time

 

 

19,528

 

 

22,736

 

 

8,219

 

Net gain on other real estate owned and other assets (2)

 

At a point in time

 

 

4,816

 

 

103

 

 

732

 

 

(1)
Debit card sponsorship income and payment processing fees are included in other non-interest income.
(2)
The portion of this line item relating to the change in the fair value of the underlying investments funded by Wesbanco CDC is not within the scope of ASC 606, and totaled gains (losses) of $3.8 million, ($0.1) million and $0.3 million for the years ended December 31, 2021, 2020 and 2019, respectively.