Revenue from Contracts with Customers

9 Months Ended

Sep. 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 nine months ended September 30, 2019, approximately 62% 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 September 30				Nine Months Ended September 30
(In thousands)	2019		2018		2019		2018
Bank card transaction fees	$	44,510	$	42,427	$	126,800	$	127,095
Trust fees	39,592		37,400		115,223		110,498
Deposit account charges and other fees	24,032		23,755		71,009		70,630
Consumer brokerage services	4,030		3,884		11,665		11,623
Other non-interest income	9,809		6,977		27,003		21,140
Total non-interest income from contracts with customers	121,973		114,443		351,700		340,986
Other non-interest income (a)	10,770		9,271		29,542		27,268
Total non-interest income	$	132,743	$	123,714	$	381,242	$	368,254

(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 nine month periods ended September 30, 2019 and 2018 for the Company’s significant revenue categories subject to ASU 2014-09.

(In thousands)	September 30, 2019		December 31, 2018		September 30, 2018		December 31, 2017
Bank card transaction fees	$	10,871	$	13,035	$	10,591	$	13,315
Trust fees	2,666		2,721		2,533		2,802
Deposit account charges and other fees	5,154		6,107		5,176		5,597
Consumer brokerage services	655		559		521		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.