XML 56 R13.htm IDEA: XBRL DOCUMENT
v3.19.3

Industry Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2019
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 and processing 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 faith-based ministries as well as supporting the banking needs of the Information Services segment. 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, 2018. Management evaluates segment performance based on tax-equivalized (as defined in the footnote to the chart on the following table) pre-tax income after allocations for corporate expenses. 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. Funding sources represent average balances and deposits generated by Information Services and Banking Services and there is no allocation methodology used. Segment interest income is a function of the relative share of average funding sources generated by each segment multiplied by the following rates: • Information Services – one or more fixed rates depending upon the specific characteristics of the funding source, and • Banking Services – a variable rate that is based upon the overall performance of the Company’s earning assets. Any difference between total segment interest income and overall total Company interest income is included in Corporate, Eliminations, and Other. -9- Summarized information about the Company’s operations in each industry segment is as follows:
(In thousands) |  | Information Services |  | Banking Services |  | Corporate, Eliminations and Other |  | Total
Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Fee income from customers |  | $ | 28,026 |  | $ | 257 |  | $ | (21) |  | $ | 28,262
Interest income* |  |  | 6,760 |  |  | 7,930 |  |  | (513) |  |  | 14,177
Interest expense |  |  | — |  |  | 1,392 |  |  | — |  |  | 1,392
Intersegment income (expense) |  |  | — |  |  | 533 |  |  | (533) |  |  | —
Tax-equivalized pre-tax income* |  |  | 7,619 |  |  | 3,399 |  |  | (534) |  |  | 10,484
Goodwill |  |  | 15,758 |  |  | 136 |  |  | — |  |  | 15,894
Other intangible assets, net |  |  | 3,170 |  |  | — |  |  | — |  |  | 3,170
Total Assets |  |  | 908,946 |  |  | 862,142 |  |  | 9,922 |  |  | 1,781,010
Average Funding Sources |  |  | 704,772 |  |  | 588,226 |  |  | — |  |  | 1,292,998
Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Fee income from customers |  | $ | 26,263 |  | $ | 253 |  | $ | (81) |  | $ | 26,435
Interest income* |  |  | 6,446 |  |  | 6,661 |  |  | (329) |  |  | 12,778
Interest expense |  |  | — |  |  | 1,029 |  |  | — |  |  | 1,029
Intersegment income (expense) |  |  | — |  |  | 467 |  |  | (467) |  |  | —
Tax-equivalized pre-tax income* |  |  | 7,269 |  |  | 2,796 |  |  | (411) |  |  | 9,654
Goodwill |  |  | 12,433 |  |  | 136 |  |  | — |  |  | 12,569
Other intangible assets, net |  |  | 1,664 |  |  | — |  |  | — |  |  | 1,664
Total Assets |  |  | 903,055 |  |  | 847,673 |  |  | (72,481) |  |  | 1,678,247
Average Funding Sources |  |  | 650,267 |  |  | 550,594 |  |  | — |  |  | 1,200,861
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Fee income from customers |  | $ | 82,049 |  | $ | 1,040 |  | $ | (442) |  |  | $ 82,647
Interest income* |  |  | 19,273 |  |  | 23,082 |  |  | (883) |  |  | 41,472
Interest expense |  |  | — |  |  | 3,987 |  |  | — |  |  | 3,987
Intersegment income (expense) |  |  | — |  |  | 1,587 |  |  | (1,587) |  |  | —
Tax-equivalized pre-tax income* |  |  | 21,997 |  |  | 10,214 |  |  | (1,324) |  |  | 30,887
Goodwill |  |  | 15,758 |  |  | 136 |  |  | — |  |  | 15,894
Other intangible assets, net |  |  | 3,170 |  |  | — |  |  | — |  |  | 3,170
Total Assets |  |  | 908,946 |  |  | 862,142 |  |  | 9,922 |  |  | 1,781,010
Average Funding Sources |  |  | 667,741 |  |  | 583,458 |  |  | — |  |  | 1,251,199
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Fee income from customers |  | $ | 76,397 |  | $ | 947 |  | $ | 105 |  | $ | 77,449
Interest income* |  |  | 18,621 |  |  | 20,351 |  |  | (2,081) |  |  | 36,891
Interest expense |  |  | — |  |  | 2,502 |  |  | — |  |  | 2,502
Intersegment income (expense) |  |  | — |  |  | 1,415 |  |  | (1,415) |  |  | —
Tax-equivalized pre-tax income* |  |  | 21,394 |  |  | 10,245 |  |  | (1,976) |  |  | 29,663
Goodwill |  |  | 12,433 |  |  | 136 |  |  | — |  |  | 12,569
Other intangible assets, net |  |  | 1,664 |  |  | — |  |  | — |  |  | 1,664
Total Assets |  |  | 903,055 |  |  | 847,673 |  |  | (72,481) |  |  | 1,678,247
Average Funding Sources |  |  | 637,508 |  |  | 566,390 |  |  | — |  |  | 1,203,898
* | Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2019 and 2018. The tax-equivalent adjustment was approximately $511,000 and $564,000 for the Three Months Ended 2019 and 2018, respectively, and $1,583,000 and $1,875,000 for the Nine Months Ended 2019 and 2018, respectively.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration