Atlantic Union Bankshares Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

REVENUE (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Noninterest income disaggregated by major source, for the three and nine months ended September 30, 2020 and 2019, consisted of the following (dollars in thousands):


	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2020		2019		2020		2019
Noninterest income:
Deposit Service Charges ⁽¹⁾:
Overdraft fees	$	4,231	$	6,021	$	13,240	$	17,847
Maintenance fees & other		1,810		1,654		5,309		4,484
Other service charges, commissions, and fees ⁽¹⁾		1,621		1,513		4,600		4,879
Interchange fees⁽¹⁾		1,979		2,108		5,300		12,765
Fiduciary and asset management fees ⁽¹⁾:
Trust asset management fees		2,729		2,661		8,026		5,977
Registered advisor management fees		2,224		2,219		6,402		7,919
Brokerage management fees		1,092		1,202		3,115		2,938
Mortgage banking income		8,897		3,374		16,744		7,614
Gains on securities transactions		18		7,104		12,293		7,306
Bank owned life insurance income		3,421		2,062		7,498		6,191
Loan-related interest rate swap fees		3,170		5,480		12,602		10,656
Other operating income ⁽²⁾⁽³⁾		3,215		12,708		4,116		15,045
Total noninterest income ⁽⁴⁾	$	34,407	$	48,106	$	99,245	$	103,621

(1) Income within scope of Topic 606.

(2) Includes income within the scope of Topic 606 of $1.2 million and $343,000 for the three months ended September 30, 2020 and 2019, respectively, and $2.4 million and $2.2 million for the nine months ended September 30, 2020 and 2019, respectively. The remaining balance is outside the scope of Topic 606.

(3) For the three and nine months ended September 30, 2019, the remaining balance outside the scope of Topic 606 includes $9.3 million from life insurance proceeds received during that period related to a Xenith acquired loan that had been charged off prior to the Company’s acquisition of Xenith.

(4) Noninterest income for the discontinued mortgage segment is reported in Note 14 "Segment Reporting & Discontinued Operations."