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SEGMENT REPORTING | 12 Months Ended
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Sep. 30, 2014
SEGMENT REPORTING [Abstract] |
SEGMENT REPORTING | NOTE 17. SEGMENT REPORTING An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision-maker. Operating segments are aggregated into reportable segments if certain criteria are met. The Company has determined that it has two reportable segments. The first reportable segment, Retail Banking, consists of its banking subsidiary, the Bank. The Bank operates as a traditional community bank providing deposit, loan and other related products to individuals and small businesses, primarily in the communities where their offices are located. The second reportable segment, MPS, is a division of the Bank. MPS provides a number of products and services to financial institutions and other businesses. These products and services include issuance of prepaid debit cards, sponsorship of ATMs into the debit networks, credit programs, Automated Clearing House (“ACH”) origination services, gift card programs, rebate programs, travel programs, and tax related programs. The remaining grouping under the caption “All Others” consists of the operations of the Company and Meta Trust and inter-segment eliminations. Transactions between affiliates, the resulting revenues of which are shown in the intersegment revenue category, are conducted at market prices, meaning prices that would be paid if the companies were not affiliates.
|  | Retail |  |  | Meta Payment |  |  |  |  |  |  |
|  | Banking |  |  | Systems® |  |  | All Others |  |  | Total |
Year Ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 31,635 |  |  | $ | 17,025 |  |  | $ | - |  |  | $ | 48,660 |
Interest expense |  |  | 1,926 |  |  |  | 124 |  |  |  | 348 |  |  |  | 2,398 |
Net interest income (expense) |  |  | 29,709 |  |  |  | 16,901 |  |  |  | (348 | ) |  |  | 46,262 |
Provision (recovery) for loan losses |  |  | 1,150 |  |  |  | - |  |  |  | - |  |  |  | 1,150 |
Non-interest income |  |  | 3,214 |  |  |  | 48,524 |  |  |  | - |  |  |  | 51,738 |
Non-interest expense |  |  | 21,227 |  |  |  | 56,234 |  |  |  | 770 |  |  |  | 78,231 |
Income (loss) before income tax expense (benefit) |  |  | 10,546 |  |  |  | 9,191 |  |  |  | (1,118 | ) |  |  | 18,619 |
Income tax expense (benefit) |  |  | 1,846 |  |  |  | 1,482 |  |  |  | (422 | ) |  |  | 2,906 |
Net income (loss) |  | $ | 8,700 |  |  | $ | 7,709 |  |  | $ | (696 | ) |  | $ | 15,713 |
Inter-segment revenue (expense) |  | $ | 12,793 |  |  | $ | (12,793 | ) |  | $ | - |  |  | $ | - |
Total assets |  |  | 805,494 |  |  |  | 1,245,110 |  |  |  | 3,427 |  |  |  | 2,054,031 |
Total deposits |  |  | 273,399 |  |  |  | 1,099,548 |  |  |  | (6,406 | ) |  |  | 1,366,541 |
|  | Retail |  |  | Meta Payment |  |  |  |  |  |  |
|  | Banking |  |  | Systems® |  |  | All Others |  |  | Total |
|  |  |  |  | (Dollars in Thousands) |  |  |  |
Year Ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 24,169 |  |  | $ | 14,807 |  |  | $ | - |  |  | $ | 38,976 |
Interest expense |  |  | 2,361 |  |  |  | 124 |  |  |  | 469 |  |  |  | 2,954 |
Net interest income (expense) |  |  | 21,808 |  |  |  | 14,683 |  |  |  | (469 | ) |  |  | 36,022 |
Provision (recovery) for loan losses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-interest income |  |  | 5,226 |  |  |  | 50,290 |  |  |  | (13 | ) |  |  | 55,503 |
Non-interest expense |  |  | 19,479 |  |  |  | 53,983 |  |  |  | 941 |  |  |  | 74,403 |
Income (loss) before income tax expense (benefit) |  |  | 7,555 |  |  |  | 10,990 |  |  |  | (1,423 | ) |  |  | 17,122 |
Income tax expense (benefit) |  |  | 1,615 |  |  |  | 2,611 |  |  |  | (522 | ) |  |  | 3,704 |
Net income (loss) |  | $ | 5,940 |  |  | $ | 8,379 |  |  | $ | (901 | ) |  | $ | 13,418 |
Inter-segment revenue (expense) |  | $ | 12,106 |  |  | $ | (12,106 | ) |  | $ | - |  |  | $ | - |
Total assets |  |  | 487,754 |  |  |  | 1,201,531 |  |  |  | 2,704 |  |  |  | 1,691,989 |
Total deposits |  |  | 260,525 |  |  |  | 1,063,770 |  |  |  | (9,012 | ) |  |  | 1,315,283 |
|  | Retail |  |  | Meta Payment |  |  |  |  |  |  |
|  | Banking |  |  | Systems® |  |  | All Others |  |  | Total |
|  |  |  |  | (Dollars in Thousands) |  |  |  |
Year Ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 24,856 |  |  | $ | 12,441 |  |  | $ | - |  |  | $ | 37,297 |
Interest expense |  |  | 2,877 |  |  |  | 204 |  |  |  | 482 |  |  |  | 3,563 |
Net interest income (expense) |  |  | 21,979 |  |  |  | 12,237 |  |  |  | (482 | ) |  |  | 33,734 |
Provision (recovery) for loan losses |  |  | 1,050 |  |  |  | (1 | ) |  |  | - |  |  |  | 1,049 |
Non-interest income |  |  | 16,592 |  |  |  | 52,957 |  |  |  | 25 |  |  |  | 69,574 |
Non-interest expense |  |  | 20,569 |  |  |  | 54,686 |  |  |  | 208 |  |  |  | 75,463 |
Income (loss) before tax |  |  | 16,952 |  |  |  | 10,509 |  |  |  | (665 | ) |  |  | 26,796 |
Income tax expense (benefit) |  |  | 5,963 |  |  |  | 3,993 |  |  |  | (274 | ) |  |  | 9,682 |
Net income (loss) |  | $ | 10,989 |  |  | $ | 6,516 |  |  | $ | (391 | ) |  | $ | 17,114 |
Inter-segment revenue (expense) |  | $ | 11,603 |  |  | $ | (11,603 | ) |  | $ | - |  |  | $ | - |
Total assets |  |  | 418,137 |  |  |  | 1,230,925 |  |  |  | 1,936 |  |  |  | 1,650,998 |
Total deposits |  |  | 216,912 |  |  |  | 1,167,364 |  |  |  | (4,482 | ) |  |  | 1,379,794 |
The following tables present gross profit data for MPS for the years ended September 30, 2014, 2013 and 2012, respectively.
Year Ended September 30, |  | 2014 |  |  | 2013 |  |  | 2012 |
Interest income |  | $ | 17,025 |  |  | $ | 14,807 |  |  | $ | 12,441 |
Interest expense |  |  | 124 |  |  |  | 124 |  |  |  | 204 |
Net interest income |  |  | 16,901 |  |  |  | 14,683 |  |  |  | 12,237 |
Provision (recovery) for loan losses |  |  | - |  |  |  | - |  |  |  | (1 | )
Non-interest income |  |  | 48,524 |  |  |  | 50,290 |  |  |  | 52,957 |
Card processing expense |  |  | 15,457 |  |  |  | 15,546 |  |  |  | 17,323 |
Gross Profit |  |  | 49,968 |  |  |  | 49,427 |  |  |  | 47,872 |
Other non-interest expense |  |  | 40,777 |  |  |  | 38,437 |  |  |  | 37,363 |
Income (loss) before income tax expense (benefit) |  |  | 9,191 |  |  |  | 10,990 |  |  |  | 10,509 |
Income tax expense |  |  | 1,482 |  |  |  | 2,611 |  |  |  | 3,993 |
Net Income |  | $ | 7,709 |  |  | $ | 8,379 |  |  | $ | 6,516 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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