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Industry Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Summary of Segment Information

Summarized information about the Company’s operations in each industry segment for the years ended December 31, 2019, 2018 and 2017, is as follows:

(In thousands)

 

 

Information

Services

 

 

Banking

Services

 

 

Corporate,

Eliminations

and Other

 

 

 

Total

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Fee income from customers

 

$

108,882

 

$

1,660

 

$

(473

)

 

$

110,069

Interest income*

 

 

25,616

 

 

30,646

 

 

(1,568

)

 

 

54,694

Interest expense

 

 

 

 

5,193

 

 

 

 

 

5,193

Intersegment income (expense)

 

 

 

 

2,107

 

 

(2,107

)

 

 

Depreciation and amortization

 

 

4,659

 

 

131

 

 

 

 

 

4,790

Tax-equivalized pre-tax income*

 

 

28,542

 

 

13,048

 

 

(2,040

)

 

 

39,550

Goodwill

 

 

12,433

 

 

1,829

 

 

 

 

 

14,262

Other intangible assets, net

 

 

1,142

 

 

3,139

 

 

 

 

 

4,281

Total Assets

 

 

844,483

 

 

915,341

 

 

4,419

 

 

 

1,764,243

Funding Sources

 

 

676,068

 

 

592,905

 

 

 

 

 

1,268,973

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Fee income from customers

$

102,839

$

1,307

$

(70

)

$

104,076

Interest income*

25,074

27,770

(2,496

)

50,348

Interest expense

3,736

3,736

Intersegment income (expense)

1,880

(1,880

)

Depreciation and amortization

4,254

142

4,396

Tax-equivalized pre-tax income*

27,763

13,571

(2,566

)

38,768

Goodwill

12,433

136

12,569

Other intangible assets, net

1,554

1,554

Total Assets

826,201

886,291

(17,316

)

1,695,176

Funding Sources

642,733

572,653

1,215,386

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Fee income from customers

$

93,484

$

1,547

$

481

$

95,512

Interest income*

23,813

27,376

(3,522

)

47,667

Interest expense

2,187

2,187

Intersegment income (expense)

1,362

(1,362

)

Depreciation and amortization

3,902

149

4,051

Tax-equivalized pre-tax income*

28,168

15,460

(3,039

)

40,589

Goodwill

12,433

136

12,569

Other intangible assets, net

1,996

1,996

Total Assets

854,214

830,672

(27,677

)

1,603,209

Funding Sources

604,493

598,986

1,203,479

*

Presented on a tax-equivalent basis assuming a tax rate of 21% for 2019 and 2018 and 35% for 2017. The tax-equivalent adjustment was approximately $2,084,000 for 2019, $2,422,000 for 2018, and $5,691,000 for 2017.