| Disaggregation of Revenue |
Noninterest income disaggregated by major source for the years ended December 31, 2020, 2019, and 2018 consisted of the following (dollars in thousands):
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|
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|
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|
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2020 |
|
2019 |
|
2018 |
Noninterest income: |
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|
|
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|
|
|
|
Deposit Service Charges (1): |
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|
|
|
|
|
|
|
|
Overdraft fees |
|
$ |
17,792 |
|
$ |
24,092 |
|
$ |
21,052 |
Maintenance fees & other |
|
|
7,459 |
|
|
6,110 |
|
|
4,387 |
Other service charges, commissions, and fees (1) |
|
|
6,292 |
|
|
6,423 |
|
|
5,603 |
Interchange fees (1) |
|
|
7,184 |
|
|
14,619 |
|
|
18,803 |
Fiduciary and asset management fees (1): |
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|
|
|
|
|
|
|
|
Trust asset management fees |
|
|
10,804 |
|
|
9,141 |
|
|
5,536 |
Registered advisor management fees |
|
|
8,657 |
|
|
10,107 |
|
|
6,589 |
Brokerage management fees |
|
|
4,189 |
|
|
4,117 |
|
|
4,025 |
Mortgage banking income |
|
|
25,857 |
|
|
10,303 |
|
|
— |
Gains on securities transactions |
|
|
12,294 |
|
|
7,675 |
|
|
383 |
Bank owned life insurance income |
|
|
9,554 |
|
|
8,311 |
|
|
7,198 |
Loan-related interest rate swap fees |
|
|
15,306 |
|
|
14,126 |
|
|
3,554 |
Gain on Shore Premier sale |
|
|
— |
|
|
— |
|
|
19,966 |
Other operating income (2)(3) |
|
|
6,098 |
|
|
17,791 |
|
|
7,145 |
Total noninterest income (4) |
|
$ |
131,486 |
|
$ |
132,815 |
|
$ |
104,241 |
| (1) |
Income within scope of Topic 606. |
| (2) |
Includes income within the scope of Topic 606 of $3.5 million, $4.0 million and $4.4 million for the years ended December 31, 2020, 2019, and 2018, respectively. The remaining balance is outside the scope of Topic 606.
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| (3) |
For the year ended December 31, 2019, the remaining balance outside the scope of Topic 606 includes $9.8 million in life insurance proceeds related to a Xenith-acquired loan that had been charged off prior to the Company’s acquisition of Xenith.
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| (4) |
Noninterest income for the discontinued mortgage segment is reported in Note 19 “Segment Reporting & Discontinued Operations.” |
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