Revenue from Contract with Customer

9 Months Ended

Sep. 30, 2020

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, 2020, 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 September 30				Nine Months Ended September 30
(In thousands)	2020		2019		2020		2019
Bank card transaction fees	$	37,873	$	44,510	$	111,818	$	126,800
Trust fees	40,769		39,592		118,676		115,223
Deposit account charges and other fees	23,107		24,032		69,063		71,009
Consumer brokerage services	4,011		4,030		11,099		11,665
Other non-interest income	7,566		9,809		23,718		27,003
Total non-interest income from contracts with customers	113,326		121,973		334,374		351,700
Other non-interest income (1)	16,246		10,770		36,376		29,542
Total non-interest income	$	129,572	$	132,743	$	370,750	$	381,242

(1) 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, 2020 and 2019 for the Company’s significant revenue categories subject to ASU 2014-09.

(In thousands)	September 30, 2020		December 31, 2019		September 30, 2019		December 31, 2018
Bank card transaction fees	$	11,501	$	13,915	$	10,871	$	13,035
Trust fees	2,122		2,093		2,666		2,721
Deposit account charges and other fees	5,839		6,523		5,154		6,107
Consumer brokerage services	476		596		655		559

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.