Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables summarize total revenues as presented in the Unaudited Consolidated Statements of Income and the related amounts that are from contracts with customers within the scope of ASC 606. As shown below, a substantial portion of our revenues are specifically excluded from the scope of ASC 606.

For the three months ended September 30,	2024		2023
(Dollars in thousands)	Revenue (1)	ASC 606 Revenue (2)	Revenue (1)	ASC 606 Revenue (2)
Net interest income	$32,262	$—	$33,751	$—
Noninterest income:
Wealth management revenues	9,989	9,989	8,948	8,948
Mortgage banking revenues	2,866	—	2,108	—
Card interchange fees	1,321	1,321	1,267	1,267
Service charges on deposit accounts	784	784	674	674
Loan related derivative income	126	—	1,082	—
Income from bank-owned life insurance	770	—	710	—
Other income	416	313	437	329
Total noninterest income	16,272	12,407	15,226	11,218
Total revenues	$48,534	$12,407	$48,977	$11,218

(1)As reported in the Unaudited Consolidated Statements of Income.

(2)Revenue from contracts with customers in scope of ASC 606.

For the nine months ended September 30,	2024		2023
(Dollars in thousands)	Revenue (1)	ASC 606 Revenue (2)	Revenue (1)	ASC 606 Revenue (2)
Net interest income	$95,512	$—	$104,444	$—
Noninterest income:
Wealth management revenues	29,005	29,005	26,659	26,659
Mortgage banking revenues	8,133	—	5,106	—
Card interchange fees	3,741	3,741	3,667	3,667
Service charges on deposit accounts	2,238	2,238	2,118	2,118
Loan related derivative income	459	—	1,278	—
Income from bank-owned life insurance	2,262	—	2,754	—
Other income	4,257	869	1,252	949
Total noninterest income	50,095	35,853	42,834	33,393
Total revenues	$145,607	$35,853	$147,278	$33,393

(1)As reported in the Unaudited Consolidated Statements of Income.

(2)Revenue from contracts with customers in scope of ASC 606.

The following table presents revenue from contracts with customers based on the timing of revenue recognition:

(Dollars in thousands)	Three Months		Nine Months
Periods ended September 30,	2024	2023	2024	2023
Revenue recognized at a point in time:
Card interchange fees	$1,321	$1,267	$3,741	$3,667
Service charges on deposit accounts	502	423	1,417	1,406
Other income	253	267	691	764
Revenue recognized over time:
Wealth management revenues	9,989	8,948	29,005	26,659
Service charges on deposit accounts	282	251	821	712
Other income	60	62	178	185
Total revenues from contracts with customers in scope of ASC 606	$12,407	$11,218	$35,853	$33,393