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Industry Segment Information
 12 Months Ended
Dec. 31, 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 Note 1 of this report. 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 for the years ended December 31, 2023, 2022 and 2021 is as follows:
(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 expense 1,191 28,029 (12,954)16,266 
Intersegment income (expense) (4,270)4,270 — — 
Pre-tax income23,662 11,587 2,107 37,356 
Goodwill 17,173 136 — 17,309 
Other intangible assets, net 3,345 — — 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 
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 
Intersegment income (expense)(3,350)3,350 — — 
Pre-tax income26,478 21,566 (5,144)42,900 
Goodwill17,173 136 — 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 
2021
Fee income$106,678 $1,405 $1,608 $109,691 
Interest income24,332 24,732 (3,567)45,497 
Interest expense— 1,171 — 1,171 
Intersegment income (expense)(3,222)3,222 — — 
Pre-tax income25,446 11,004 (2,629)33,821 
Goodwill14,126 136 — 14,262 
Other intangible assets, net2,564 — — 2,564 
Total assets1,450,594 1,090,626 13,681 2,554,901 
Average funding sources$1,150,493 $876,018 $— $2,026,511