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Industry Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Industry Segment Information
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 Note 1 of this report. 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.
Summarized information about the Company’s operations in each industry segment for the years ended December 31, 2021, 2020 and 2019 is as follows:
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
2021
Fee income from customers $105,452 $2,631 $1,608 $109,691 
Interest income* 24,332 24,732 (1,694)47,370 
Interest expense — 1,171 — 1,171 
Intersegment income (expense) — 3,222 (3,222)— 
Tax-equivalized pre-tax income* 26,368 10,082 (756)35,694 
Goodwill 12,433 1,829 — 14,262 
Other intangible assets, net 329 2,235 — 2,564 
Total Assets 1,152,917 1,500,060 (98,076)2,554,901 
Funding Sources 937,478 876,018 — 1,813,496 
2020
Fee income from customers$96,548 $2,607 $1,286 $100,441 
Interest income*20,343 29,494 (261)49,576 
Interest expense— 2,362 — 2,362 
Intersegment income (expense)— 2,315 (2,315)— 
Tax-equivalized pre-tax income*17,178 14,025 1,027 32,230 
Goodwill12,433 1,829 — 14,262 
Other intangible assets, net735 2,688 — 3,423 
Total Assets967,702 1,242,688 (7,155)2,203,235 
Funding Sources734,999 738,165 — 1,473,164 
2019
Fee income from customers$107,942 $1,660 $467 $110,069 
Interest income*21,538 30,646 2,510 54,694 
Interest expense— 5,193 — 5,193 
Intersegment income (expense)— 2,107 (2,107)— 
Tax-equivalized pre-tax income*23,524 13,048 2,978 39,550 
Goodwill12,433 1,829 — 14,262 
Other intangible assets, net1,142 3,139 — 4,281 
Total Assets844,483 915,341 4,419 1,764,243 
Funding Sources676,068 592,905 — 1,268,973 
*Presented on a tax-equivalent basis assuming a tax rate of 21%. The tax-equivalent adjustment was approximately $1,873,000 for 2021, $1,888,000 for 2020, and $2,084,000 for 2019.