Revenue from contracts with customers

6 Months Ended

Jun. 30, 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 June 30, 2019 and December 31, 2018, the Company had $58 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 June 30, 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 and six-month periods ended June 30, 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 June 30, 2019	(In thousands)
Classification in consolidated statement    of income
Service charges on deposit accounts	$	15,175		23,094		2,362		—		2		65,661		1,493	$	107,787
Trust income		7		224		—		—		—		—		144,151		144,382
Brokerage services income		—		—		—		—		—		—		12,478		12,478
Other revenues from operations:
Merchant discount and credit card fees		9,895		13,129		496		—		—		4,566		602		28,688
Other		—		3,145		2,680		641		1,033		9,329		8,595		25,423
	$	25,077		39,592		5,538		641		1,035		79,556		167,319	$	318,758
Three Months Ended June 30, 2018
Classification in consolidated statement    of income
Service charges on deposit accounts	$	15,611		24,270		2,451		—		3		63,015		1,434	$	106,784
Trust income		—		—		—		—		—		—		137,641		137,641
Brokerage services income		—		—		—		—		—		—		12,629		12,629
Other revenues from operations:
Merchant discount and credit card fees		8,334		12,542		428		—		—		4,140		618		26,062
Other		—		3,646		2,215		413		927		9,613		7,598		24,412
	$	23,945		40,458		5,094		413		930		76,768		159,920	$	307,528

6. Revenue from contracts with customers, continued

	Business Banking		Commercial Banking		Commercial Real Estate		Discretionary Portfolio		Residential Mortgage Banking		Retail Banking		All Other		Total
Six Months Ended June 30, 2019	(In thousands)
Classification in consolidated statement    of income
Service charges on deposit accounts		30,284		46,304		4,888		—		4		126,812		2,607		210,899
Trust income		12		438		—		—		—		—		276,718		277,168
Brokerage services income		—		—		—		—		—		—		24,954		24,954
Other revenues from operations:
Merchant discount and credit card fees		18,777		25,221		1,102		—		—		7,704		1,022		53,826
Other		—		4,147		4,468		1,042		2,097		17,823		19,083		48,660
	$	49,073		76,110		10,458		1,042		2,101		152,339		324,384	$	615,507
Six Months Ended June 30, 2018
Classification in consolidated statement    of income
Service charges on deposit accounts	$	31,015		48,924		5,215		—		6		123,616		3,123	$	211,899
Trust income		—		—		—		—		—		—		269,016		269,016
Brokerage services income		—		—		—		—		—		—		26,021		26,021
Other revenues from operations:
Merchant discount and credit card fees		15,837		25,254		982		—		—		7,528		1,233		50,834
Other		—		5,209		3,074		865		1,970		19,478		16,706		47,302
	$	46,852		79,387		9,271		865		1,976		150,622		316,099	$	605,072