| Summary of Revenue Recognition |
The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams for the three and nine months ended September 30, 2026 and 2025, respectively: Table 27: Non-interest Income by Revenue Stream
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Point of Revenue |
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For the Three Months
Ended September 30, |
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For the Nine Months
Ended September 30, |
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(unaudited, in thousands) |
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Recognition |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue Streams |
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Trust fees |
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Trust account fees |
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Over time |
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$ |
7,411 |
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$ |
6,955 |
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$ |
23,390 |
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$ |
21,327 |
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WesMark fees |
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Over time |
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2,255 |
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2,032 |
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6,548 |
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6,015 |
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Total trust fees |
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9,666 |
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8,987 |
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29,938 |
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27,342 |
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Service charges on deposits |
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Commercial banking fees |
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Over time |
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2,785 |
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2,463 |
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8,146 |
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6,846 |
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Personal service charges |
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At a point in time and over time |
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9,478 |
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8,700 |
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26,623 |
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23,387 |
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Total service charges on deposits |
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12,263 |
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11,163 |
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34,769 |
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30,233 |
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Net securities brokerage revenue |
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Annuity commissions |
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At a point in time |
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2,095 |
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2,237 |
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6,745 |
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6,834 |
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Equity and debt security trades |
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At a point in time |
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143 |
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73 |
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497 |
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282 |
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Managed money |
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Over time |
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641 |
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366 |
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1,947 |
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1,030 |
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Trail commissions |
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Over time |
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388 |
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285 |
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1,219 |
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864 |
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Total net securities brokerage revenue |
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3,267 |
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2,961 |
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10,408 |
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9,010 |
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Payment processing fees (1) |
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At a point in time and over time |
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889 |
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844 |
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2,536 |
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2,539 |
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Digital banking income |
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At a point in time |
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7,476 |
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7,324 |
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21,485 |
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20,053 |
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Net swap fee and valuation income (2) |
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At a point in time |
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4,857 |
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3,231 |
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9,054 |
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4,937 |
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Mortgage banking income |
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At a point in time |
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123 |
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1,898 |
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2,096 |
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5,402 |
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Net gains on other real estate owned and other assets |
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At a point in time and over time |
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194 |
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329 |
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2,776 |
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|
400 |
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(1)Included in other non-interest income. (2)Changes in the fair value of the underlying swaps are not within the scope of ASC 606 and totaled $2.1 million and $22 thousand for the three months ended September 30, 2026 and 2025, respectively. Fair value adjustments were $2.3 million and ($1.7) million for the nine months ended September 30, 2026 and 2025, respectively.
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