| Disaggregation of Revenue |
Noninterest income disaggregated by major source for the years ended December 31, 2019, 2018, and 2017 consisted of the following (dollars in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
2019 |
|
2018 |
|
2017 |
Noninterest income: |
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|
|
|
|
|
|
|
|
Deposit Service Charges (1): |
|
|
|
|
|
|
|
|
|
Overdraft fees |
|
$ |
24,092 |
|
$ |
21,052 |
|
$ |
15,788 |
Maintenance fees & other |
|
|
6,110 |
|
|
4,387 |
|
|
3,062 |
Other service charges and fees (1) |
|
|
6,423 |
|
|
5,603 |
|
|
4,593 |
Interchange fees (1) |
|
|
14,619 |
|
|
18,803 |
|
|
14,974 |
Fiduciary and asset management fees (1): |
|
|
|
|
|
|
|
|
|
Trust asset management fees |
|
|
9,141 |
|
|
5,536 |
|
|
5,128 |
Registered advisor management fees |
|
|
10,107 |
|
|
6,589 |
|
|
2,692 |
Brokerage management fees |
|
|
4,117 |
|
|
4,025 |
|
|
3,425 |
Mortgage banking income |
|
|
10,303 |
|
|
— |
|
|
— |
Gains (losses) on securities transactions |
|
|
7,675 |
|
|
383 |
|
|
800 |
Bank owned life insurance income |
|
|
8,311 |
|
|
7,198 |
|
|
6,144 |
Loan-related interest rate swap fees |
|
|
14,126 |
|
|
3,554 |
|
|
3,051 |
Gain on Shore Premier sale |
|
|
— |
|
|
19,966 |
|
|
— |
Other operating income (2) |
|
|
17,791 |
|
|
7,145 |
|
|
2,772 |
Total noninterest income (3) |
|
$ |
132,815 |
|
$ |
104,241 |
|
$ |
62,429 |
| (1) |
Income within scope of Topic 606. |
| (2) |
Includes income within the scope of Topic 606 of $4.0 million, $4.4 million and $2.3 million for the years ended December 31, 2019, 2018, and 2017, respectively. The remaining balance is outside the scope of Topic 606. The December 31, 2019 remaining balance 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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| (3) |
Noninterest income for the discontinued mortgage segment is reported in Note 19 “Segment Reporting & Discontinued Operations.” |
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