Other Operating Income

3 Months Ended

Mar. 31, 2021

Other Income and Expenses [Abstract]

Other Operating Income

Other Operating Income

The components of Other Operating Income were as follows:

TABLE 65: OTHER OPERATING INCOME

	THREE MONTHS ENDED MARCH 31,
(In Millions)	2021		2020
Loan Service Fees	$	15.4	$	11.9
Banking Service Fees	12.7		11.4
Other Income	26.8		11.1
Total Other Operating Income	$	54.9	$	34.4

Other Operating Income increased compared to the prior-year quarter, primarily due to higher miscellaneous income and a prior-year quarter market value adjustment for a seed capital investment, partially offset by higher expenses for existing swap agreements related to Visa Inc. Class B common shares. The higher miscellaneous income was primarily associated with a market value increase in the supplemental compensation plans, which also resulted in a related increase in supplemental compensation plan expense reported in other operating expense.

Other Operating Expense

The components of Other Operating Expense were as follows:

TABLE 66: OTHER OPERATING EXPENSE

	THREE MONTHS ENDED MARCH 31,
($ In Millions)	2021		2020
Business Promotion	$	7.9	$	18.8
Staff Related	6.8		(3.5)
FDIC Insurance Premiums	3.6		2.5
Other Intangibles Amortization	4.3		4.1
Other Expenses	49.1		39.9
Total Other Operating Expense	$	71.7	$	61.8

Other Operating Expense increased compared to the prior-year quarter, primarily due to higher supplemental compensation plan expense and other miscellaneous expense, partially offset by lower business promotion and staff-related expense. The higher supplemental compensation plan expense resulted in a related increase in miscellaneous income reported in noninterest income.