Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue from Contracts with Customers

The core principle of ASU 2014-09, "Revenue from Contracts with Customers," is that an entity should recognize revenue to reflect the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For the six months ended June 30, 2019, approximately 63% of the Company’s total revenue was comprised of net interest income, which is not within the scope of this guidance. Of the remaining revenue, those items that were subject to this guidance mainly included fees for bank card, trust, deposit account services and consumer brokerage services.

The following table disaggregates non-interest income subject to ASU 2014-09 by major product line.

	Three Months Ended June 30				Six Months Ended June 30
(In thousands)	2019		2018		2019		2018
Bank card transaction fees	$	42,646	$	43,215	$	82,290	$	84,668
Trust fees	38,375		37,036		75,631		73,098
Deposit account charges and other fees	23,959		23,893		46,977		46,875
Consumer brokerage services	3,888		3,971		7,635		7,739
Other non-interest income	8,822		6,852		17,194		14,163
Total non-interest income from contracts with customers	117,690		114,967		229,727		226,543
Other non-interest income (a)	9,569		9,883		18,772		17,997
Total non-interest income	$	127,259	$	124,850	$	248,499	$	244,540

(a) This revenue is not within the scope of ASU 2014-09, and includes fees relating to capital market activities, loan fees and sales, derivative instruments, standby letters of credit and various other transactions.

For bank card transaction fees, the majority of debit and credit card fees are earned in the Consumer segment, while corporate card and merchant fees are earned in the Commercial segment. The Consumer and Commercial segments each contribute approximately half of the Company's deposit account charge revenue. All trust fees and nearly all of the consumer brokerage services income are earned in the Wealth segment.    

The following table presents the opening and closing receivable balances for the six month periods ended June 30, 2019 and 2018 for the Company’s significant revenue categories subject to ASU 2014-09.

(In thousands)	June 30, 2019		December 31, 2018		June 30, 2018		December 31, 2017
Bank card transaction fees	$	11,462	$	13,035	$	11,104	$	13,315
Trust fees	2,619		2,721		2,893		2,802
Deposit account charges and other fees	5,963		6,107		5,773		5,597
Consumer brokerage services	502		559		924		380

For these revenue categories, none of the transaction price has been allocated to performance obligations that are unsatisfied as of the end of a reporting period.