v3.25.4
REVENUE FROM CONTRACTS WITH CUSTOMERS
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
We account for revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers. We derive the majority of our revenue from financial instruments and their related contractual rights and obligations which for the most part are excluded from the scope of this topic. These sources of revenue that are excluded from the scope of this topic include interest income, net gains on mortgage loans, net losses on securities AFS, mortgage loan servicing, net and bank owned life insurance and were approximately 88.2%, 88.5% and 86.8% of total revenues at December 31, 2025, 2024 and 2023, respectively.
Material sources of revenue that are included in the scope of this topic include service charges on deposit accounts, other deposit related income, interchange income and investment and insurance commissions and are discussed in the following paragraphs. Generally these sources of revenue are earned at the time the service is delivered or over the course of a monthly period and do not result in any contract asset or liability balance at any given period end. As a result, there were no contract assets or liabilities recorded as of December 31, 2025 and 2024.
Service charges on deposit accounts and other deposit related income: Revenues are earned on depository accounts for commercial and retail customers and include fees for transaction-based, account maintenance and overdraft services. Transaction-based fees, which includes services such as ATM use fees, stop payment charges and ACH fees are recognized at the time the transaction is executed as that is the time we fulfill our customer’s request. Account maintenance fees, which includes monthly maintenance services are earned over the course of a month representing the period over which the performance obligation is satisfied. Our obligation for overdraft services is satisfied at the time of the overdraft.
Interchange income: Interchange income primarily includes debit card interchange and network revenues. Debit card interchange and network revenues are earned on debit card transactions conducted through payment networks such as MasterCard and Accel. Interchange income is recognized concurrently with the delivery of services on a daily basis. Interchange and network revenues are presented gross of interchange expenses, which are presented separately as a component of non-interest expense.
Investment and insurance commissions: Investment and insurance commissions include fees and commissions from asset management, custody, recordkeeping, investment advisory and other services provided to our customers. Revenue is recognized on an accrual basis at the time the services are performed and generally based on either the market value of the assets managed or the services provided. We have an agent relationship with a third party provider of these services and net certain direct costs charged by the third party provider associated with providing these services to our customers.
Net (gains) losses on other real estate and repossessed assets: We record a gain or loss from the sale of other real estate when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. If we were to finance the sale of other real estate to the buyer, we would assess whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction is probable. Once these criteria are met, the other real estate asset would be derecognized and the gain or loss on sale would be recorded upon the transfer of control of the property to the buyer. There were no other real estate properties sold during 2025, 2024 or 2023 that were financed by us.
Disaggregation of our revenue sources by attribute for the years ended December 31 follow:
Service
Charges
on Deposit
Accounts		Other
Deposit
Related
Income		Interchange
Income		Investment
and
Insurance
Commissions		Total
2025(In thousands)
Retail     
Overdraft fees$8,939 $— $— $— $8,939 
Account service charges2,637 — — — 2,637 
ATM fees— 1,529 — — 1,529 
Other— 653 — — 653 
Business    
Overdraft fees446 — — — 446 
ATM fees— 47 — — 47 
Other— 454 — — 454 
Interchange income— — 13,860 — 13,860 
Asset management revenue— — — 1,637 1,637 
Transaction based revenue— — — 1,873 1,873 
    
Total$12,022 $2,683 $13,860 $3,510 $32,075 
     
Reconciliation to Consolidated Statement of Operations:   
Non-interest income - other:     
Other deposit related income    $2,683 
Investment and insurance commissions   3,510 
Bank owned life insurance (1)    1,187 
Other (1)    5,145 
Total    $12,525 
(1) Excluded from the scope of ASC Topic 606.
Service
Charges
on Deposit
Accounts		Other
Deposit
Related
Income		Interchange
Income		Investment
and
Insurance
Commissions		Total
2024(In thousands)
Retail
Overdraft fees$9,061 $— $— $— $9,061 
Account service charges2,358 — — — 2,358 
ATM fees— 1,601 — — 1,601 
Other— 772 — — 772 
Business    
Overdraft fees451 — — — 451 
ATM fees— 49 — — 49 
Other— 427 — — 427 
Interchange income— — 13,992 — 13,992 
Asset management revenue— — — 1,847 1,847 
Transaction based revenue— — — 1,421 1,421 
     
Total$11,870 $2,849 $13,992 $3,268 $31,979 
     
Reconciliation to Consolidated Statement of Operations:   
Non-interest income - other:     
Other deposit related income$2,849 
Investment and insurance commissions3,268 
Bank owned life insurance (1)834 
Other (1)5,266 
Total$12,217 
(1) Excluded from the scope of ASC Topic 606.
 Service
Charges
on Deposit
Accounts		Other
Deposit
Related
Income		Interchange
Income		Investment
and
Insurance
Commissions		Total
2023(In thousands)
Retail     
Overdraft fees$9,686 $— $— $— $9,686 
Account service charges2,162 — — — 2,162 
ATM fees— 1,636 — — 1,636 
Other— 993 — — 993 
Business    
Overdraft fees513 — — — 513 
ATM fees— 47 — — 47 
Other— 414 — — 414 
Interchange income— — 13,996 — 13,996 
Asset management revenue— — — 1,861 1,861 
Transaction based revenue— — — 1,595 1,595 
    
Total$12,361 $3,090 $13,996 $3,456 $32,903 
     
Reconciliation to Consolidated Statement of Operations:   
Non-interest income - other:     
Other deposit related income$3,090 
Investment and insurance commissions3,456 
Bank owned life insurance (1)474 
Other (1)5,459 
Total$12,479 
(1) Excluded from the scope of ASC Topic 606.