Orange County Bancorp, Inc. /DE/ Revenue Disclosure
Note 15 — Revenue from Contracts with Customers
All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within Noninterest Income. The following table presents the Company’s gross sources of noninterest income for the twelve months ended December 31, 2025 and 2024.
Year Ended December 31, | |||||||
2025 | 2024 | ||||||
Noninterest Income | |||||||
Service charges on deposit accounts | |||||||
Overdraft fees | $ | 745 | $ | 561 | |||
Other | 619 | 454 | |||||
Trust income |
| 6,554 |
| 5,511 | |||
Investment advisory income |
| 7,552 |
| 6,738 | |||
Investment securities gains (losses)(a) |
| (568) |
| — | |||
Earnings on bank owned life insurance(a) |
| 878 |
| 815 | |||
Proceeds from bank owned life insurance proceeds(a) | 3,590 | — | |||||
Gain on sale of assets(a) | 1,236 | — | |||||
Other(b) |
| 2,542 |
| 1,893 | |||
Total Noninterest Income | $ | 23,148 | $ | 15,972 | |||
| (a) | Not within the scope of ASC 606. |
| (b) | The Other category includes safe deposit income, checkbook fees, and debit card fee income, totaling $1,165 and $1,109 for 2025 and 2024, respectively, that are within the scope of ASC 606 and loan related fee income and miscellaneous income, totaling $1,377 and $784 for 2025 and 2024, respectively, which are outside the scope of ASC 606. |
A description of the Company’s revenue streams accounted for under ASC 606 follows:
Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to
monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance.
Wealth Management Fees (Gross): The Company earns wealth management fees, which includes trust income and investment advisory income, from its contracts with trust and brokerage customers to manage assets for investment, and/or to transact on their accounts. These fees are primarily earned over time as the Company provides the contracted services and are generally assessed based on a tiered scale of the market value of the assets under management at month-end or quarter-end.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 24, 2023 | |
| 2021 | Mar 30, 2022 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.