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Industry Segment Information
 12 Months Ended
Dec. 31, 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 and are consistent with the presentation of financial information to the chief operating decision maker to evaluate segment performance, develop strategy, and allocate resources. They are managed separately due to their unique service and processing requirements. The Company's chief operating decision maker is the President and Chief Executive Officer of Cass Information Systems' Inc.
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 Note 1 of this report. Management and the chief operating decision maker 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 for the years ended December 31, 2024, 2023 and 2022 is as follows:
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
2024
Fee income$127,781 $2,643 $1,425 $131,849 
Interest income40,316 59,568 (11,839)88,045 
Interest expense 1,540 33,496 (14,778)20,258 
Provision for credit losses— 447 — 447 
Total net revenue166,557 28,268 4,364 199,189 
Personnel expenses108,173 15,218 — 123,391 
Occupancy2,780 666 — 3,446 
Equipment7,666 639 — 8,305 
Bad debt expense7,847 — — 7,847 
Intersegment (income) expense3,896 (3,896)— — 
Other operating expense23,078 8,903 — 31,981 
Total operating expense153,440 21,530 — 174,970 
Pre-tax income$13,117 $6,738 $4,364 $24,219 
Goodwill $21,216 $136 $— $21,352 
Other intangible assets, net 5,007 — — 5,007 
Total assets1,720,321 1,143,548 (468,788)2,395,081 
Average funding sources$1,297,099 $782,714 $— $2,079,813 
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
2023
Fee income$126,766 $2,713 $988 $130,467 
Interest income39,899 54,696 (11,835)82,760 
Interest expense1,191 28,029 (12,954)16,266 
Release of credit losses— (550)— (550)
Total net revenue165,474 29,930 2,107 197,511 
Personnel expenses106,213 12,481 — 118,694 
Occupancy2,833 727 — 3,560 
Equipment6,566 572 — 7,138 
Intersegment (income) expense4,270 (4,270)— — 
Other operating expense21,930 8,833 — 30,763 
Total operating expense141,812 18,343 — 160,155 
Pre-tax income$23,662 $11,587 $2,107 $37,356 
Goodwill$17,173 $136 $— $17,309 
Other intangible assets, net3,345 — — 3,345 
Total assets1,586,388 1,103,173 (210,939)2,478,622 
Average funding sources$1,353,499 $810,903 $— $2,164,402 

(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
2022
Fee income$120,234 $3,606 $1,142 $124,982 
Interest income28,528 40,913 (7,115)62,326 
Interest expense166 4,143 (827)3,482 
Provision for credit losses— 1,350 — 1,350 
Total net revenue148,596 39,026 (5,146)182,476 
Personnel expenses94,537 11,937 — 106,474 
Occupancy2,965 711 — 3,676 
Equipment6,082 586 — 6,668 
Intersegment (income) expense3,350 (3,350)— — 
Other operating expense15,182 7,576 — 22,758 
Total operating expense122,116 17,460 — 139,576 
Pre-tax income$26,480 $21,566 $(5,146)$42,900 
Goodwill$17,173 $136 $— $17,309 
Other intangible assets, net4,126 — — 4,126 
Total assets1,595,939 1,182,439 (205,355)2,573,023 
Average funding sources$1,379,355 $953,346 $— $2,332,701 
Intersegment (income) expense primarily relates to payment processing fees paid by the Information Services segment to the Banking services segment. The Corporate elimination for total assets and interest income and interest expense primarily relates to allocated funds and related interest depending on funding needs of the operating segments.