XML 34 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Industry Segment Information
9 Months Ended
Sep. 30, 2013
Industry Segment Information [Abstract]  
Industry Segment Information

Note 5 - Industry Segment Information

The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels. They are managed separately due to their unique service, processing and capital requirements.

The Information Services segment provides freight, utility, telecommunication and environmental invoice processing and payment services primarily to large corporations. The Banking Services segment provides banking services primarily to privately-held businesses and churches.

The Company's accounting policies for segments are the same as those described in the summary of significant accounting policies in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. Management evaluates segment performance based on net income after allocations for corporate expenses and income taxes. Transactions between segments are accounted for at what management believes to be fair value.

Substantially all revenue originates from, and all long-lived assets are located within, North America, and no revenue from any customer of any segment exceeds 10% of the Company's consolidated revenue.

Assets represent actual assets owned by Information Services and Banking Services and there is no allocation methodology used. Segment interest from customers is the actual interest earned on the loans owned by Information Services and Banking Services, respectively.

Summarized information about the Company's operations in each industry segment is as follows:

                Corporate,      
    Information   Banking   Eliminations      
(In thousands)       Services       Services       and Other       Total
Three Months Ended September 30, 2013                          
       Fee revenue and other income:                          
              Income from customers   $      23,208   $      5,847   $         -     $      29,055
              Intersegment income (expense)     2,408     353     (2,761 )     -
       Net income     4,123     2,015     -       6,138
       Goodwill     11,454     136     -       11,590
       Other intangible assets, net     3,342     -     -       3,342
       Total assets     679,844     663,101     (13,618 )     1,329,327
Three Months Ended September 30, 2012                          
       Fee revenue and other income                          
              Income from customers   $ 21,727   $ 6,184   $ -     $ 27,911
              Intersegment income (expense)     2,842     408     (3,250 )     -
       Net income     3,725     2,367     -       6,092
       Goodwill     11,454     136     -       11,590
       Other intangible assets, net     3,905     -     -       3,905
       Total assets     774,476     634,564     (17,805 )     1,391,235
Nine Months Ended September 30, 2013                          
       Fee revenue and other income:                          
              Income from customers   $ 68,977   $ 17,708   $ -     $ 86,685
              Intersegment income (expense)     7,253     1,122     (8,375 )     -
       Net income     11,982     6,135     126       18,243
       Goodwill     11,454     136     -       11,590
       Other intangible assets, net     3,342     -     -       3,342
       Total assets     679,844     663,101     (13,618 )     1,329,327
Nine Months Ended September 30, 2012                          
       Fee revenue and other income                          
              Income from customers   $ 66,448   $ 18,304   $ -     $ 84,752
              Intersegment income (expense)     8,126     1,251     (9,377 )     -
       Net income     11,351     6,611     -       17,962
       Goodwill     11,454     136     -       11,590
       Other intangible assets, net     3,905     -     -       3,905
       Total assets     774,476     634,564     (17,805 )     1,391,235