Revenue from Contract with Customer

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue from Contracts with Customers

Revenue from contracts with customers is recognized 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 three months ended March 31, 2022, approximately 61% 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 ASC 606 by major product line.

	Three Months Ended March 31
(In thousands)	2022		2021
Bank card transaction fees	$	42,045	$	37,695
Trust fees	47,811		44,127
Deposit account charges and other fees	22,307		22,575
Consumer brokerage services	4,446		4,081
Other non-interest income	4,495		7,696
Total non-interest income from contracts with customers	121,104		116,174
Other non-interest income (1)	10,665		19,871
Total non-interest income	$	131,769	$	136,045

(1) This revenue is not within the scope of ASC 606, 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 contribute approximately 39% and 60%, respectively, of the Company's deposit account charge revenue. All trust fees and consumer brokerage services income are earned in the Wealth segment.    

The following table presents the opening and closing receivable balances for the three month periods ended March 31, 2022 and 2021 for the Company’s significant revenue categories subject to ASC 606.

(In thousands)	March 31, 2022		December 31, 2021		March 31, 2021		December 31, 2020
Bank card transaction fees	$	14,171	$	16,424	$	12,437	$	14,199
Trust fees	2,094		2,222		2,017		2,071
Deposit account charges and other fees	5,452		6,702		5,281		6,933
Consumer brokerage services	324		391		323		432

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.