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Industry Segment Information
 9 Months Ended
Sep. 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 September 30, 2023:
Fee income $31,843 $664 $293 $32,800 
Interest income10,143 13,879 (2,833)21,189 
Interest expense 437 7,523 (3,319)4,641 
Intersegment income (expense) (1,117)1,117 — — 
Tax-equivalized pre-tax income6,100 2,282 778 9,160 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 3,540 — — 3,540 
Total assets 1,648,152 1,130,345 (273,619)2,504,878 
Average funding sources $1,347,074 $795,011 $— $2,142,085 
Three Months Ended September 30, 2022:
Fee income $30,399 $1,093 $292 $31,784 
Interest income7,468 10,525 (1,240)16,753 
Interest expense 33 1,025 (276)782 
Intersegment income (expense) (802)802 — — 
Tax-equivalized pre-tax income5,933 5,622 (671)10,884 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 4,321 — — 4,321 
Total assets 1,616,986 1,134,295 (140,466)2,610,815 
Average funding sources $1,417,250 $949,454 $— $2,366,704 
Nine Months Ended September 30, 2023:
Fee income $94,280 $2,001 $699 $96,980 
Interest income29,053 40,885 (8,899)61,039 
Interest expense 604 20,296 (9,321)11,579 
Intersegment income (expense) (3,093)3,093 — — 
Tax-equivalized pre-tax income16,964 8,917 1,120 27,001 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 3,540 — — 3,540 
Total assets 1,648,152 1,130,345 (273,619)2,504,878 
Average funding sources $1,343,750 $820,335 $— $2,164,085 
Nine Months Ended September 30, 2022:
Fee income $89,243 $2,763 $859 $92,865 
Interest income17,596 28,714 (3,451)42,859 
Interest expense 73 1,578 (307)1,344 
Intersegment income (expense) (2,476)2,476 — — 
Tax-equivalized pre-tax income17,803 16,224 (2,285)31,742 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 4,321 — — 4,321 
Total assets 1,616,986 1,134,295 (140,466)2,610,815 
Average funding sources $1,365,880 $963,588 $— $2,329,468