Banks generated a total $1.54 billion in insurance brokerage fee income in the first quarter this year, up 2.2% from $1.51 billion in first quarter 2014, according to Michael White Associate's Bank Insurance Fee Income Report.

The number of banks on track to generate $1 million in insurance brokerage for the year, based on first quarter results, declined 16% to 149 from 178 in first quarter 2014.

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