Industry Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Industry Segment Information

Note 5 – 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 the summary of significant accounting policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. 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. 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 is as follows:

					Corporate,
	Information		Banking		Eliminations
(In thousands)	Services		Services		and Other			Total
Three Months Ended June 30, 2016
Fee revenue and other income:
Income from customers	$	24,436	$	6,527	$	—		$	30,963
Intersegment income (expense)		2,815		403		(3,218	)		—
Net income		3,478		2,391		—			5,869
Goodwill		11,454		136		—			11,590
Other intangible assets, net		2,201		—		—			2,201
Total assets		777,312		753,333		(9,461	)		1,521,184
Three Months Ended June 30, 2015
Fee revenue and other income
Income from customers	$	24,152	$	5,968	$	—		$	30,120
Intersegment income (expense)		2,350		433		(2,783	)		—
Net income		3,591		1,957		—			5,548
Goodwill		11,454		136		—			11,590
Other intangible assets, net		2,597		—		—			2,597
Total assets		709,754		675,777		(18,651	)		1,366,880
Six Months Ended June 30, 2016
Fee revenue and other income:
Income from customers	$	47,994	$	13,738	$	—		$	61,732
Intersegment income (expense)		6,073		779		(6,852	)		—
Net income		6,425		5,277		—			11,702
Goodwill		11,454		136		—			11,590
Other intangible assets, net		2,201		—		—			2,201
Total assets		777,312		753,333		(9,461	)		1,521,184
Six Months Ended June 30, 2015
Fee revenue and other income
Income from customers	$	48,426	$	11,487	$	—		$	59,913
Intersegment income (expense)		4,544		856		(5,400	)		—
Net income		7,407		3,680		—			11,087
Goodwill		11,454		136		—			11,590
Other intangible assets, net		2,597		—		—			2,597
Total assets		709,754		675,777		(18,651	)		1,366,880