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Industry Segment Information

6 Months Ended

Jun. 30, 2017

Segment Reporting [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 transportation, energy, telecommunication, and environmental invoice processing and payment services 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, 2016. 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, the United States, 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 June 30, 2017
Fee revenue and other income:
Income from customers		$	26,749		$	6,913		$	—			$	33,662
Intersegment income (expense)			3,049			383			(3,432	)			—
Net income			3,932			2,581			—				6,513
Goodwill			12,433			136			—				12,569
Other intangible assets, net			2,217			—			—				2,217
Total assets			863,562			742,659			(12,939	)			1,593,282
Three Months Ended June 30, 2016
Fee revenue and other income
Income from customers		$	24,436		$	6,527		$	—			$	30,963
Intersegment income (expense)			2,815			403			(3,218	)			—
Net income			3,478			2,391			—				5,869
Goodwill			11,454			136			—				11,590
Other intangible assets, net			2,201			—			—				2,201
Total assets			777,312			753,333			(9,461	)			1,521,184
Six Months Ended June 30, 2017
Fee revenue and other income:
Income from customers		$	52,395		$	13,557		$	—			$	65,952
Intersegment income (expense)			6,013			744			(6,757	)			—
Net income			7,755			5,065			—				12,820
Goodwill			12,433			136			—				12,569
Other intangible assets, net			2,217			—			—				2,217
Total assets			863,562			742,659			(12,939	)			1,593,282
Six Months Ended June 30, 2016
Fee revenue and other income:
Income from customers		$	47,994		$	13,738		$	—			$	61,732
Intersegment income (expense)			6,073			779			(6,852	)			—
Net income			6,425			5,277			—				11,702
Goodwill			11,454			136			—				11,590
Other intangible assets, net			2,201			—			—				2,201
Total assets			777,312			753,333			(9,461	)			1,521,184

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- References

No definition available.

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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
-URI http://asc.fasb.org/topic&trid=2134510

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