Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

The following tables summarize revenues recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers. These disaggregated amounts, together with sources of other non-interest income that are subject to other GAAP topics, have been reconciled to non-interest income by reportable segment as presented within Note 16: Segment Reporting.



	Three months ended June 30, 2023
(In thousands)	Commercial Banking		HSA Bank		Consumer Banking		Corporate and Reconciling		Consolidated Total
Non-interest Income:
Deposit service fees	$	5,582	$	20,986	$	19,181	$	(331)	$	45,418
Loan and lease related fees (1)	4,323		—		—		—		4,323
Wealth and investment services (2)	2,873		—		4,525		(7)		7,391
Other income	—		2,037		1,198		1,122		4,357
Revenue from contracts with customers	12,778		23,023		24,904		784		61,489
Other sources of non-interest income	19,477		—		3,973		4,435		27,885
Total non-interest income	$	32,255	$	23,023	$	28,877	$	5,219	$	89,374



	Three months ended June 30, 2022
(In thousands)	Commercial Banking		HSA Bank		Consumer Banking		Corporate and Reconciling		Consolidated Total
Non-interest Income:
Deposit service fees	$	7,647	$	24,949	$	18,366	$	423	$	51,385
Loan and lease related fees (1)	6,077		—		—		—		6,077
Wealth and investment services	2,770		—		8,479		(5)		11,244
Other income	—		1,603		285		—		1,888
Revenue from contracts with customers	16,494		26,552		27,130		418		70,594
Other sources of non-interest income	32,936		—		3,668		13,735		50,339
Total non-interest income	$	49,430	$	26,552	$	30,798	$	14,153	$	120,933



	Six months ended June 30, 2023
(In thousands)	Commercial Banking		HSA Bank		Consumer Banking		Corporate and Reconciling		Consolidated Total
Non-interest Income:
Deposit service fees	$	10,972	$	43,078	$	37,205	$	(401)	$	90,854
Loan and lease related fees (1)	8,750		—		—		—		8,750
Wealth and investment services (2)	5,640		—		8,353		(15)		13,978
Other income	—		4,012		1,556		2,054		7,622
Revenue from contracts with customers	25,362		47,090		47,114		1,638		121,204
Other sources of non-interest income	42,290		—		7,722		(11,076)		38,936
Total non-interest income	$	67,652	$	47,090	$	54,836	$	(9,438)	$	160,140

	Six months ended June 30, 2022
(In thousands)	Commercial Banking		HSA Bank		Consumer Banking		Corporate and Reconciling		Consolidated Total
Non-interest Income:
Deposit service fees	$	14,332	$	50,083	$	34,329	$	468	$	99,212
Loan and lease related fees (1)	10,575		—		—		—		10,575
Wealth and investment services	5,904		—		15,950		(13)		21,841
Other income	—		3,427		670		—		4,097
Revenue from contracts with customers	30,811		53,510		50,949		455		135,725
Other sources of non-interest income	57,362		—		7,750		24,131		89,243
Total non-interest income	$	88,173	$	53,510	$	58,699	$	24,586	$	224,968

(1)A portion of loan and lease related fees comprises income generated from factored receivables and payroll financing activities that is within the scope of ASC Topic 606.

(2)Effective as of the fourth quarter of 2022, the wealth and investment services revenue stream was impacted by the restructuring of a process in which the Company offers brokerage, investment advisory, and certain insurance-related services to customers. The staff providing these services, who had previously been employees of the Bank, are now employees of a third-party service provider. As a result, the Company now recognizes income from this program on a net basis, which thereby reduces gross reported wealth and investment services non-interest income and the related compensation and benefits non-interest expense on the accompanying Condensed Consolidated Statements of Income.