v3.25.2
Revenue Recognition
 6 Months Ended
Jun. 30, 2025
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 six months ended June 30, 2025 and 2024. 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 June 30, 2025. See Note 3 for additional information on the sale.
Three Months Ended
June 30,
Non-interest Income20252024
In-Scope of Topic 606:
Wealth Management Fees$4,165 $3,783 
Service Charges on Deposit Accounts3,714 3,093 
Insurance Revenues— 1,506 
Interchange Fee Income5,057 4,404 
Other Operating Income:
ATM Fees337 305 
Wire Transfer Fees243 180 
Other (1)
326 282 
Non-interest Income (in-scope of Topic 606)13,842 13,553 
Non-interest Income (out-of-scope of Topic 606)2,891 5,370 
Total Non-interest Income$16,733 $18,923 
(1) “Other” income includes safe deposit box rentals and other non-interest related fees totaling $326 thousand and $282 thousand for the three months ended June 30, 2025 and 2024, respectively, all of which are within the scope of ASC 606.
Six Months Ended
June 30,
Non-interest Income20252024
In-Scope of Topic 606:
Wealth Management Fees$8,001 $7,149 
Service Charges on Deposit Accounts7,200 5,995 
Insurance Revenues— 4,384 
Interchange Fee Income9,478 8,491 
Other Operating Income:
ATM Fees628 593 
Wire Transfer Fees446 348 
Other (1)
595 575 
Non-interest Income (in-scope of Topic 606)26,348 27,535 
Non-interest Income (out-of-scope of Topic 606)5,225 7,210 
Total Non-interest Income$31,573 $34,745 
(1) “Other” income includes safe deposit box rentals and other non-interest related fees totaling $595 thousand and $575 thousand for the six months ended June 30, 2025 and 2024, 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.