Revenue from contracts with customers

3 Months Ended

Mar. 31, 2019

Revenue From Contract With Customer [Abstract]

Revenue from contracts with customers

6. Revenue from contracts with customers

A significant amount of the Company’s revenues are derived from net interest income on financial assets and liabilities, mortgage banking revenues, trading account and foreign exchange gains, investment securities gains, loan and letter of credit fees, income from bank-owned life insurance, and certain other revenues that are generally excluded from the scope of accounting guidance for revenue from contracts with customers.

For noninterest income revenue streams, the Company recognizes the expected amount of consideration as revenue when the performance obligations related to the services under the terms of a contract are satisfied. The Company’s contracts generally do not contain terms that necessitate significant judgment to determine the amount of revenue to recognize.

The Company generally charges customer accounts or otherwise bills customers upon completion of its services.  Typically the Company’s contracts with customers have a duration of one year or less and payment for services is received at least annually, but oftentimes more frequently as services are provided.  At March 31, 2019 and December 31, 2018, the Company had $54 million and $56 million, respectively, of uncollected amounts receivable related to recognized revenue from the sources in the accompanying tables.  Such amounts are classified in accrued interest and other assets in the Company’s consolidated balance sheet.  In certain situations the Company is paid in advance of providing services and defers the recognition of revenue until its service obligation is satisfied.  At each of March 31, 2019 and December 31, 2018, the Company had deferred revenue of $43 million related to the sources in the accompanying tables recorded in accrued interest and other liabilities in the consolidated balance sheet.

The following tables summarize sources of the Company’s noninterest income during the three-month periods ended March 31, 2019 and 2018 that are subject to the noted accounting guidance.

	Business Banking		Commercial Banking		Commercial Real Estate		Discretionary Portfolio		Residential Mortgage Banking		Retail Banking		All Other		Total
Three Months Ended March 31, 2019	(In thousands)
Classification in consolidated statement    of income
Service charges on deposit accounts	$	15,109		23,210		2,526		—		2		61,151		1,114	$	103,112
Trust income		5		214		—		—		—		—		132,567		132,786
Brokerage services income		—		—		—		—		—		—		12,476		12,476
Other revenues from operations:
Merchant discount and credit card fees		8,882		12,092		606		—		—		3,138		420		25,138
Other		—		1,002		1,788		401		1,064		8,494		10,488		23,237
	$	23,996		36,518		4,920		401		1,066		72,783		157,065	$	296,749
Three Months Ended March 31, 2018
Classification in consolidated statement    of income
Service charges on deposit accounts	$	15,404		24,654		2,764		—		3		60,601		1,689	$	105,115
Trust income		—		—		—		—		—		—		131,375		131,375
Brokerage services income		—		—		—		—		—		—		13,392		13,392
Other revenues from operations:
Merchant discount and credit card fees		7,503		12,712		554		—		—		3,388		615		24,772
Other		—		1,563		859		452		1,043		9,865		9,108		22,890
	$	22,907		38,929		4,177		452		1,046		73,854		156,179	$	297,544