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Industry Segment Information | 6 Months Ended
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Jun. 30, 2024
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 2023 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, 2024: |  |  |  |  |  |  |
Fee income | $ | 32,063 |  |  | $ | 665 |  |  | $ | 332 |  |  | $ | 33,060 |
Interest income | 9,752 |  |  | 14,680 |  |  | (3,190) |  |  | 21,242 |
Interest expense | 314 |  |  | 8,573 |  |  | (3,575) |  |  | 5,312 |
Intersegment income (expense) | (1,016) |  |  | 1,016 |  |  | — |  |  | — |
Pre-tax income | 3,121 |  |  | 1,960 |  |  | 716 |  |  | 5,797 |
Goodwill | 17,173 |  |  | 136 |  |  | — |  |  | 17,309 |
Other intangible assets, net | 2,972 |  |  | — |  |  | — |  |  | 2,972 |
Total assets | 1,420,254 |  |  | 1,130,548 |  |  | (268,206) |  |  | 2,282,596 |
Average funding sources | $ | 1,256,457 |  |  | $ | 785,893 |  |  | $ | — |  |  | $ | 2,042,350 |
Three Months Ended June 30, 2023: |  |  |  |  |  |  |
Fee income | $ | 31,360 |  |  | $ | 626 |  |  | $ | 87 |  |  | $ | 32,073 |
Interest income | 9,463 |  |  | 13,829 |  |  | (3,584) |  |  | 19,708 |
Interest expense | 69 |  |  | 7,340 |  |  | (3,715) |  |  | 3,694 |
Intersegment income (expense) | (1,062) |  |  | 1,062 |  |  | — |  |  | — |
Pre-tax income | 5,873 |  |  | 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 |
Six Months Ended June 30, 2024: |  |  |  |  |  |  |
Fee income | $ | 64,384 |  |  | $ | 1,305 |  |  | $ | 668 |  |  | $ | 66,357 |
Interest income | 19,943 |  |  | 28,564 |  |  | (5,611) |  |  | 42,896 |
Interest expense | 912 |  |  | 16,463 |  |  | (6,885) |  |  | 10,490 |
Intersegment income (expense) | (2,054) |  |  | 2,054 |  |  | — |  |  | — |
Pre-tax income | 9,085 |  |  | 3,778 |  |  | 1,941 |  |  | 14,804 |
Goodwill | 17,173 |  |  | 136 |  |  | — |  |  | 17,309 |
Other intangible assets, net | 2,972 |  |  | — |  |  | — |  |  | 2,972 |
Total assets | 1,420,254 |  |  | 1,130,548 |  |  | (268,206) |  |  | 2,282,596 |
Average funding sources | $ | 1,286,036 |  |  | $ | 792,816 |  |  | $ | — |  |  | $ | 2,078,852 |
Six Months Ended June 30, 2023: |  |  |  |  |  |  |
Fee income | $ | 62,437 |  |  | $ | 1,337 |  |  | $ | 406 |  |  | $ | 64,180 |
Interest income | 18,910 |  |  | 27,006 |  |  | (6,066) |  |  | 39,850 |
Interest expense | 167 |  |  | 12,773 |  |  | (6,002) |  |  | 6,938 |
Intersegment income (expense) | (1,976) |  |  | 1,976 |  |  | — |  |  | — |
Pre-tax income | 10,864 |  |  | 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 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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