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Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2022
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 three and nine months ended September 30, 2022 and 2021, respectively:

 

 

 

Point of Revenue

 

For the Three Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

(unaudited, in thousands)

 

Recognition

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue Streams

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust account fees

 

Over time

 

$

4,456

 

 

$

4,768

 

 

$

14,413

 

 

$

14,792

 

WesMark fees

 

Over time

 

 

2,061

 

 

 

2,521

 

 

 

6,466

 

 

 

7,277

 

Total trust fees

 

 

 

 

6,517

 

 

 

7,289

 

 

 

20,879

 

 

 

22,069

 

Service charges on deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial banking fees

 

Over time

 

 

606

 

 

 

464

 

 

 

1,776

 

 

 

1,629

 

Personal service charges

 

At a point in time and over time

 

 

6,336

 

 

 

5,586

 

 

 

17,744

 

 

 

14,191

 

Total service charges on deposits

 

 

 

 

6,942

 

 

 

6,050

 

 

 

19,520

 

 

 

15,820

 

Net securities brokerage revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annuity commissions

 

At a point in time

 

 

1,932

 

 

 

1,169

 

 

 

5,193

 

 

 

3,237

 

Equity and debt security trades

 

At a point in time

 

 

29

 

 

 

73

 

 

 

94

 

 

 

206

 

Managed money

 

Over time

 

 

290

 

 

 

311

 

 

 

944

 

 

 

885

 

Trail commissions

 

Over time

 

 

240

 

 

 

412

 

 

 

738

 

 

 

990

 

Total net securities brokerage revenue

 

 

 

 

2,491

 

 

 

1,965

 

 

 

6,969

 

 

 

5,318

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debit card sponsorship income (1)

 

At a point in time and over time

 

 

—

 

 

 

—

 

 

 

—

 

 

 

646

 

Payment processing fees (1)

 

At a point in time and over time

 

 

818

 

 

 

773

 

 

 

2,436

 

 

 

2,234

 

Electronic banking fees

 

At a point in time

 

 

4,808

 

 

 

5,427

 

 

 

15,307

 

 

 

14,853

 

Mortgage banking income

 

At a point in time

 

 

1,257

 

 

 

4,563

 

 

 

4,508

 

 

 

16,656

 

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

 

At a point in time and over time

 

 

2,040

 

 

 

785

 

 

 

(68

)

 

 

4,974

 

 

(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 of $1.5 million and $0.4 million for the three months ended September 30, 2022 and 2021, respectively, and (losses) gains of ($1.0) million and $4.2 million for the nine months ended September 30, 2022 and 2021, respectively.