Industry Segment Information

12 Months Ended

Dec. 31, 2013

Industry Segment Information [Abstract]

Industry Segment Information

Note 16
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, processing and capital requirements. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and churches.

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 net income after allocations for corporate expenses and income taxes. 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. Assets represent actual assets owned by Information Services and Banking Services and there is no allocation methodology used. Loans are sold by Banking Services to Information Services to create liquidity when the Bank's loan to deposit ratio is greater than 100%. Segment interest from customers is the actual interest earned on the loans owned by Information Services and Banking Services, respectively.

Summarized information about the Company's operations in each industry segment for the years ended December 31, 2013, 2012 and 2011, is as follows:

						Corporate,
	Information		Banking			Eliminations
(In thousands)	Services		Services			and Other			Total
2013
Fee revenue and other income:
Income from customers	$	75,010	$	1,216		$	346		$	76,572
Intersegment income (expense)		9,637		1,479			(11,116	)		-
Net interest income (expense) after provision
for loan losses:
Income from customers		15,986		22,259			-			38,245
Intersegment income (expense)		11		(11	)		-			-
Depreciation and amortization		2,638		143			115			2,896
Income taxes		2,232		5,002			-			7,234
Net income		15,237		8,133			127			23,497
Goodwill		11,454		136			-			11,590
Other intangible assets, net		3,222		-			-			3,222
Total assets	$	657,604	$	679,357		$	(10,941	)	$	1,326,020
2012
Fee revenue and other income:
Income from customers	$	70,376	$	1,272		$	(510	)	$	71,138
Intersegment income (expense)		9,478		1,663			(11,141	)
Net interest income (expense) after provision
for loan losses:
Income from customers		18,547		21,838			-			40,385
Intersegment income (expense)		24		(24	)		-			-
Depreciation and amortization		2,392		101			39			2,532
Income taxes		2,802		5,085			-			7,887
Net income		15,761		8,014			(472	)		23,303
Goodwill		11,454		136			-			11,590
Other intangible assets, net		3,757		-			-			3,757
Total assets	$	642,623	$	668,648		$	(23,884	)	$	1,287,387
2011
Fee revenue and other income:
Income from customers	$	61,470	$	1,354		$	-		$	62,824
Intersegment income (expense)		10,088		1,859			(11,947	)		-
Net interest income (expense) after provision
for loan losses:
Income from customers		21,030		22,681			-			43,711
Intersegment income (expense)		17		(17	)		-			-
Depreciation and amortization		1,874		164			24			2,062
Income taxes		3,028		5,469			-			8,497
Net income		14,716		8,293			-			23,009
Goodwill		7,335		136			-			7,471
Other intangible assets, net		161		-			-			161
Total assets	$	698,685	$	622,996		$	(2,380	)	$	1,319,301