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Industry Segment Information | 6 Months Ended
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Jun. 30, 2021
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, including on-line generosity services, 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, 2020. 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. -10- Table of Contents 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. -11- Table of Contents 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 June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
Fee income |  | $ | 26,098 |  | $ | 612 |  | $ | 277 |  | $ | 26,987
Interest income* |  |  | 5,884 |  |  | 6,563 |  |  | (853) |  |  | 11,594
Interest expense |  |  | — |  |  | 297 |  |  | — |  |  | 297
Intersegment income (expense) |  |  | — |  |  | 688 |  |  | (688) |  |  | —
Tax-equivalized pre-tax income* |  |  | 6,404 |  |  | 3,432 |  |  | (743) |  |  | 9,093
Goodwill |  |  | 12,433 |  |  | 1,829 |  |  | — |  |  | 14,262
Other intangible assets, net |  |  | 532 |  |  | 2,461 |  |  | — |  |  | 2,993
Total assets |  |  | 1,062,536 |  |  | 1,215,799 |  |  | (6,002) |  |  | 2,272,333
Average funding sources |  |  | 905,983 |  |  | 860,956 |  |  | — |  |  | 1,766,939
Three Months Ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Fee income |  | $ | 22,460 |  | $ | 640 |  | $ | 74 |  | $ | 23,174
Interest income* |  |  | 4,955 |  |  | 6,601 |  |  | 560 |  |  | 12,116
Interest expense |  |  | — |  |  | 481 |  |  | — |  |  | 481
Intersegment income (expense) |  |  | — |  |  | 556 |  |  | (556) |  |  | —
Tax-equivalized pre-tax income* |  |  | 3,437 |  |  | 2,981 |  |  | 634 |  |  | 7,052
Goodwill |  |  | 12,433 |  |  | 1,829 |  |  | — |  |  | 14,262
Other intangible assets, net |  |  | 939 |  |  | 2,913 |  |  | — |  |  | 3,852
Total assets |  |  | 822,684 |  |  | 1,109,676 |  |  | (103,376) |  |  | 1,828,984
Average funding sources |  |  | 680,061 |  |  | 746,619 |  |  | — |  |  | 1,426,680
Six Months Ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
Fee income |  | $ | 51,075 |  | $ | 1,250 |  | $ | 837 |  | $ | 53,162
Interest income* |  |  | 11,393 |  |  | 12,314 |  |  | (975) |  |  | 22,732
Interest expense |  |  | ─ |  |  | 628 |  |  | — |  |  | 628
Intersegment income (expense) |  |  | — |  |  | 1,311 |  |  | (1,311) |  |  | —
Tax-equivalized pre-tax income* |  |  | 12,417 |  |  | 6,194 |  |  | 461 |  |  | 18,150
Goodwill |  |  | 12,433 |  |  | 1,829 |  |  | — |  |  | 14,262
Other intangible assets, net |  |  | 532 |  |  | 2,461 |  |  | — |  |  | 2,993
Total assets |  |  | 1,062,536 |  |  | 1,215,799 |  |  | (6,002) |  |  | 2,272,333
Average funding sources |  |  | 872,106 |  |  | 855,099 |  |  | — |  |  | 1,727,205
Six Months Ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Fee income |  | $ | 47,900 |  | $ | 1,255 |  | $ | 1,114 |  | $ | 50,269
Interest income* |  |  | 9,662 |  |  | 13,885 |  |  | 1,391 |  |  | 24,938
Interest expense |  |  | — |  |  | 1,446 |  |  | — |  |  | 1,446
Intersegment income (expense) |  |  | — |  |  | 1,081 |  |  | (1,081) |  |  | —
Tax-equivalized pre-tax income* |  |  | 8,560 |  |  | 5,684 |  |  | 2,506 |  |  | 16,750
Goodwill |  |  | 12,433 |  |  | 1,829 |  |  | — |  |  | 14,262
Other intangible assets, net |  |  | 939 |  |  | 2,913 |  |  | — |  |  | 3,852
Total assets |  |  | 822,684 |  |  | 1,109,676 |  |  | (103,376) |  |  | 1,828,984
Average funding sources |  |  | 678,945 |  |  | 678,877 |  |  | — |  |  | 1,357,822
* Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2021 and 2020. The tax-equivalent adjustment was approximately $487,000 and $474,000 f for the Second Quarter of 2021 and 2020, respectively, and $949,000 and $958,000 for the First Half of 2021 and 2020, respectively.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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