v3.26.3
Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following tables summarize total revenues as presented in the Unaudited Consolidated Statements of Income and the related amounts that are from contracts with customers within the scope of ASC 606. As shown below, a substantial portion of our revenues are specifically excluded from the scope of ASC 606.
For the three months ended September 30, 20262025
(Dollars in thousands)
Revenue (1)
ASC 606 Revenue (2)
Revenue (1)
ASC 606 Revenue (2)
Net interest income$44,692 $— $38,833 $— 
Noninterest income:
Wealth management revenues11,089 11,089 10,373 10,373 
Mortgage banking revenues
3,155 — 3,501 — 
Card interchange fees
1,317 1,317 1,163 1,163 
Service charges on deposit accounts
952 952 841 841 
Loan related derivative income
1,507 — 271 — 
Income from bank-owned life insurance
1,863 — 868 — 
Other income
382 332 619 308 
Total noninterest income20,265 13,690 17,636 12,685 
Total revenues$64,957 $13,690 $56,469 $12,685 
(1)As reported in the Unaudited Consolidated Statements of Income.
(2)Revenue from contracts with customers in scope of ASC 606.

For the nine months ended September 30, 20262025
(Dollars in thousands)Revenue (1)
ASC 606 Revenue (2)
Revenue (1)
ASC 606 Revenue (2)
Net interest income$127,020 $— $112,440 $— 
Noninterest income:
Wealth management revenues32,937 32,937 30,384 30,384 
Mortgage banking revenues9,673 — 8,839 — 
Card interchange fees4,007 4,007 3,919 3,919 
Service charges on deposit accounts2,579 2,579 2,393 2,393 
Loan related derivative income2,317 — 1,048 — 
Income from bank-owned life insurance3,652 — 2,463 — 
Gain on sale of bank-owned properties, net (3)
— — 6,994 6,994 
Other income1,065 885 1,317 859 
Total noninterest income56,230 40,408 57,357 44,549 
Total revenues$183,250 $40,408 $169,797 $44,549 
(1)As reported in the Unaudited Consolidated Statements of Income.
(2)Revenue from contracts with customers in scope of ASC 606.
(3)For the nine months ended September 30, 2025, included herein in accordance with sale-leaseback transaction provisions of ASC 842 and ASC 606.
The following table presents revenue from contracts with customers based on the timing of revenue recognition:
(Dollars in thousands)Three MonthsNine Months
Periods ended September 30, 2026202520262025
Revenue recognized at a point in time:
Card interchange fees$1,317 $1,163 $4,007 $3,919 
Service charges on deposit accounts665 559 1,754 1,562 
Gain on sale of bank-owned properties, net — — — 6,994 
Other income258 258 693 687 
Revenue recognized over time:
Wealth management revenues
11,089 10,373 32,937 30,384 
Service charges on deposit accounts
287 282 825 831 
Other income
74 50 192 172 
Total revenues from contracts with customers in scope of ASC 606
$13,690 $12,685 $40,408 $44,549 

Receivables for revenue from contracts with customers primarily consist of amounts due for wealth management services performed for which the Corporation’s performance obligations have been fully satisfied. Receivables amounted to $5.9 million and $7.0 million at September 30, 2026 and December 31, 2025 and were included in other assets in the Unaudited Consolidated Balance Sheets.

Deferred revenues, which are considered contract liabilities under ASC 606, represent advance consideration received from customers for which the Corporation has a remaining performance obligation to fulfill. Contract liabilities are recognized as revenue over the life of the contract as the performance obligations are satisfied. The balances of contract liabilities were insignificant at both September 30, 2026 and December 31, 2025 and were included in other liabilities in the Unaudited Consolidated Balance Sheets.

For commissions and incentives that are in scope of ASC 606, such as those paid to employees in our wealth management services and banking segments in order to obtain customer contracts, contract cost assets are established. The contract cost assets are capitalized and amortized over the estimated useful life that the asset is expected to generate benefits. The carrying value of contract cost assets amounted to $2.1 million and $2.3 million, respectively, at September 30, 2026 and December 31, 2025 and were included in other assets in the Unaudited Consolidated Balance Sheets. The amortization of contract cost assets is recorded within salaries and employee benefits expense in the Unaudited Consolidated Statements of Income.