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Revenue Recognition
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The following tables present non-interest income, segregated by revenue streams in-scope and out-of-scope of FASB ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”, for the three and nine months ended September 30, 2024 and 2023. Wealth management fees are included in the wealth management services segment while insurance revenues are included in the insurance segment. All other revenue streams are primarily included in the banking segment. As a result of the sale of substantially all of the assets of GAI on June 1, 2024, insurance revenues reflect no GAI activity for the quarter ended September 30, 2024, and five months of GAI activity for the nine months ended September 30, 2024. See Note 3 for additional information on the sale.
Three Months Ended
September 30,
Non-interest Income20242023
In-Scope of Topic 606:
Wealth Management Fees$3,580 $2,957 
Service Charges on Deposit Accounts3,330 2,982 
Insurance Revenues— 2,065 
Interchange Fee Income4,390 4,470 
Other Operating Income:
ATM Fees313 295 
Wire Transfer Fees182 181 
Other (1)
240 320 
Non-interest Income (in-scope of Topic 606)12,035 13,270 
Non-interest Income (out-of-scope of Topic 606)1,766 1,534 
Total Non-interest Income$13,801 $14,804 
(1) “Other” income includes safe deposit box rentals and other non-interest related fees totaling $240 thousand and $320 thousand for the three months ended September 30, 2024 and 2023, respectively, all of which are within the scope of ASC 606.
Nine Months Ended
September 30,
Non-interest Income20242023
In-Scope of Topic 606:
Wealth Management Fees$10,729 $8,513 
Service Charges on Deposit Accounts9,325 8,653 
Insurance Revenues4,384 7,330 
Interchange Fee Income12,881 13,081 
Other Operating Income:
ATM Fees906 527 
Wire Transfer Fees530 909 
Other (1)
815 937 
Non-interest Income (in-scope of Topic 606)39,570 39,950 
Non-interest Income (out-of-scope of Topic 606)8,976 4,717 
Total Non-interest Income$48,546 $44,667 
(1) “Other” income includes safe deposit box rentals and other non-interest related fees totaling $815 thousand and $937 thousand for the nine months ended September 30, 2024 and 2023, respectively, all of which are within the scope of ASC 606.

A description of the Company’s revenue streams accounted for under Topic 606 follows:

Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as stop payment charges and statement rendering, are recognized at the time the transaction is executed (the point in time the Company fills the customer’s request). Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs.

Interchange Fee Income: The Company earns interchange fees from debit/credit cardholder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder.

Wealth Management Fees: The Company earns wealth management and investment services income from its contracts with trust and brokerage customers to manage assets for investment and/or to transact their accounts. These fees are primarily earned over time as the Company provides the contracted monthly or quarterly services and are generally assessed based on the market value of assets under management at month-end. Fees that are transaction based, including trade execution services, are recognized at the point in time that the transaction is executed (trade date).

Insurance Revenues: The Company earned insurance revenue from commissions derived from the sale of personal and corporate property and casualty insurance products. These commissions were primarily earned over time as the Company provided the contracted insurance product to customers.
Other Operating Income: The other operating income revenue streams within the scope of Topic 606 consist of ATM fees, wire transfer fees, safe deposit box rentals, check printing commissions and other non-interest related fees.