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Industry Segment Information
 9 Months Ended
Sep. 30, 2022
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 as well as church management and on-line generosity services to faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, restaurant franchises, and faith-based ministries and supports 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, 2021. 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 is as follows:
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
Three Months Ended September 30, 2022:
Fee income $30,418 $811 $555 $31,784 
Interest income* 7,158 8,733 1,273 17,164 
Interest expense — 782 — 782 
Intersegment income (expense) — 1,124 (1,124)— 
Tax-equivalized pre-tax income* 5,605 4,126 1,565 11,296 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 4,321 — — 4,321 
Total assets 1,196,399 1,598,519 (184,103)2,610,815 
Average funding sources 1,139,568 949,454 — 2,089,022 
Three Months Ended September 30, 2021:
Fee income $26,174 $1,065 $338 $27,577 
Interest income* 7,108 5,440 (361)12,187 
Interest expense — 287 — 287 
Intersegment income (expense) — 859 (859)— 
Tax-equivalized pre-tax income* 6,509 2,130 (193)8,446 
Goodwill 14,126 136 — 14,262 
Other intangible assets, net 2,779 — — 2,779 
Total assets 1,018,710 1,279,452 (5,176)2,292,986 
Average funding sources 974,091 875,997 — 1,850,088 
Nine Months Ended September 30, 2022:
Fee income $89,329 $1,847 $1,689 $92,865 
Interest income* 20,175 22,478 1,500 44,153 
Interest expense — 1,344 — 1,344 
Intersegment income (expense) — 3,549 (3,549)— 
Tax-equivalized pre-tax income* 20,259 10,418 2,359 33,036 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 4,321 — — 4,321 
Total assets 1,196,399 1,598,519 (184,103)2,610,815 
Average funding sources 1,082,449 963,588 — 2,046,037 
Nine Months Ended September 30, 2021:
Fee income $77,863 $1,701 $1,175 $80,739 
Interest income* 18,501 17,754 (1,335)34,920 
Interest expense — 915 — 915 
Intersegment income (expense) — 2,170 (2,170)— 
Tax-equivalized pre-tax income* 18,477 8,773 (654)26,596 
Goodwill 14,126 136 — 14,262 
Other intangible assets, net 2,779 — — 2,779 
Total assets 1,018,710 1,279,452 (5,176)2,292,986 
Average funding sources 906,474 862,142 — 1,768,616 
* Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2022 and 2021. The tax-equivalent adjustment was approximately $412,000 and $468,000 for the third quarter of 2022 and 2021, respectively and $1,294,000 and $1,417,000 for the nine months ended September 30, 2022 and 2021, respectively.