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Industry Segment Information
 6 Months Ended
Jun. 30, 2023
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. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants, 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 2022 Form 10-K. Management evaluates segment performance based on 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. Banking Services interest income is determined by actual interest income on loans minus actual interest expense paid on deposits plus/minus an allocation for interest income or expense dependent on the remaining available liquidity of the segment. Information Services interest income is determined by multiplying available liquidity by actual yields on short-term investments and investment securities.
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 June 30, 2023:
Fee income $31,360 $626 $87 $32,073 
Interest income9,463 13,829 (3,584)19,708 
Interest expense 69 7,340 (3,715)3,694 
Intersegment income (expense) (1,062)1,062 — — 
Tax-equivalized pre-tax income5,873 2,776 219 8,868 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 3,735 — — 3,735 
Total assets 1,602,932 1,150,293 (282,429)2,470,796 
Average funding sources 1,327,251 784,068 — 2,111,319 
Three Months Ended June 30, 2022:
Fee income $29,660 $717 $274 $30,651 
Interest income5,778 9,336 (1,134)13,980 
Interest expense 34 328 (23)339 
Intersegment income (expense) (910)910 — — 
Tax-equivalized pre-tax income5,980 5,441 (838)10,583 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 4,516 — — 4,516 
Total assets 1,376,262 1,086,799 (19,073)2,443,988 
Average funding sources 1,390,567 974,681 — 2,365,248 
Six Months Ended June 30, 2023:
Fee income $62,437 $1,337 $406 $64,180 
Interest income18,910 27,006 (6,066)39,850 
Interest expense 167 12,773 (6,002)6,938 
Intersegment income (expense) (1,976)1,976 — — 
Tax-equivalized pre-tax income10,864 6,635 342 17,841 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 3,735 — — 3,735 
Total assets 1,602,932 1,150,293 (282,429)2,470,796 
Average funding sources 1,342,061 833,207 — 2,175,268 
Six Months Ended June 30, 2022:
Fee income $58,844 $1,670 $567 $61,081 
Interest income10,128 18,189 (2,211)26,106 
Interest expense 40 553 (31)562 
Intersegment income (expense) (1,674)1,674 — — 
Tax-equivalized pre-tax income11,870 10,602 (1,614)20,858 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 4,516 — — 4,516 
Total assets 1,376,262 1,086,799 (19,073)2,443,988 
Average funding sources 1,339,769 970,772 — 2,310,541