v3.26.1
Noninterest Income
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Noninterest Income

Note 13: Noninterest Income

 

The Company has included the following table regarding the Company’s noninterest income for the periods presented.

 

 

 

For the three months ended,

 

 

For the six months ended,

 

(In thousands)

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Service charges on deposit accounts

 

 

 

 

 

 

 

 

 

 

 

 

Insufficient funds fees

 

$

218

 

 

$

214

 

 

$

433

 

 

$

422

 

Deposit related fees

 

 

133

 

 

 

144

 

 

 

272

 

 

 

292

 

ATM fees

 

 

30

 

 

 

22

 

 

 

52

 

 

 

40

 

Total service charges on deposit accounts

 

 

381

 

 

 

380

 

 

 

757

 

 

 

754

 

Fee Income

 

 

 

 

 

 

 

 

 

 

 

 

Investment services revenue

 

 

-

 

 

 

37

 

 

 

-

 

 

 

138

 

ATM fees surcharge

 

 

68

 

 

 

66

 

 

 

128

 

 

 

139

 

Banking house rents collected

 

 

111

 

 

 

92

 

 

 

223

 

 

 

153

 

    Total fee income

 

 

179

 

 

 

195

 

 

 

351

 

 

 

430

 

Card income

 

 

 

 

 

 

 

 

 

 

 

 

Debit card interchange fees

 

 

188

 

 

 

180

 

 

 

327

 

 

 

181

 

Merchant card fees

 

 

14

 

 

 

15

 

 

 

28

 

 

 

26

 

    Total card income

 

 

202

 

 

 

195

 

 

 

355

 

 

 

207

 

Mortgage fee income and realized gains on sales of loans
  and foreclosed real estate

 

 

 

 

 

 

 

 

 

 

 

 

Loan servicing fees

 

 

68

 

 

 

97

 

 

 

157

 

 

 

198

 

Net gains on sales of loans and foreclosed real estate

 

 

95

 

 

 

83

 

 

 

281

 

 

 

148

 

Total mortgage fee income and realized gains on
   sale of loans and foreclosed real estate

 

 

163

 

 

 

180

 

 

 

438

 

 

 

346

 

Subtotal

 

 

925

 

 

 

950

 

 

 

1,901

 

 

 

1,737

 

Earnings and gains on bank owned life insurance

 

 

330

 

 

 

156

 

 

 

586

 

 

 

318

 

Net losses on sales and redemptions of investment securities

 

 

-

 

 

 

-

 

 

 

(5

)

 

 

(8

)

Net unrealized (losses) gains on marketable equity securities

 

 

(53

)

 

 

420

 

 

 

23

 

 

 

638

 

Fair value adjustment to loans held-for-sale

 

 

-

 

 

 

(3,064

)

 

 

(203

)

 

 

(3,064

)

Other miscellaneous income

 

 

22

 

 

 

20

 

 

 

49

 

 

 

58

 

Total noninterest income (loss)

 

$

1,224

 

 

$

(1,518

)

 

$

2,351

 

 

$

(321

)

 

The following is a discussion of key revenues within the scope of ASC 606 guidance:

•
Service charges on deposit accounts – Revenue is earned through insufficient funds fees, customer initiated activities or passage of time for deposit related fees, and ATM service fees. Transaction-based fees are recognized at the time the transaction is executed, which is the same time the Company’s performance obligation is satisfied. Account maintenance fees are earned over the course of the month as the monthly maintenance performance obligation to the customer is satisfied.
•
Fee income – Revenue is earned through commissions on insurance and securities sales, ATM surcharge fees, and banking house rents collected. The Company earns investment advisory fee income by providing investment management services to customers under investment management contracts. As the direction of investment management accounts is provided over time, the performance obligation to investment management customers is satisfied over time, and therefore, revenue is recognized over time.
•
Card income – Card income consists of interchange fees from consumer debit card networks and other related services. Interchange rates are set by the card networks. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur.
•
Mortgage fee income and realized gain on sale of loans and foreclosed real estate – Revenue from mortgage fee income and realized gain on sale of loans and foreclosed real estate is earned through the origination of residential and commercial mortgage loans, sales of one-to-four family residential mortgage loans, sales of government guarantees portions of SBA loans, and sales of foreclosed real estate, and is earned as the transaction occurs.