CASH 2018 Annual Report

112 The summarized financial information for the Company’s consolidated VIEs consisted of the following: September 30, 2018 (Dollars in Thousands) Cash and cash equivalents $ 867 Loans and leases receivable 131,197 Allowance for loan and lease losses (145) Accrued interest receivable 887 Rental equipment 99 Foreclosed real estate and repossessed assets 1,626 Other assets 3,247 Total assets 137,778 Accrued expenses and other liabilities 2,386 Non-controlling interest 3,574 Net assets less non-controlling interest 131,818 Amounts for non-controlling interests reflect the proportionate share of membership interest (equity) and net income attributable to the holders of minority membership interest in the following entities: • Capital Equipment Solutions, LLC (“CES”) - CES was organized to engage in the business of providing equipment financing term loans. • CM Help, LLC - CM Help was organized to provide flexible patient loan programs to hospitals and patient clients of hospitals as a financing alternative for the self-pay and co-pay portions of patients’ hospital expenses. • CM Southgate II, LLC - CM Southgate II was organized to engage in the business of acquiring fleet leases and semi-trailer/tractor loans and leases. • CM Sterling, LLC - CM Sterling was organized to engage in asset-based lending and factoring. • CM TFS, LLC - CM TFS was organized to engage in the business of acquiring equipment financing term loans and leases. NATURE OF BUSINESS AND INDUSTRY SEGMENT INFORMATION The primary source of revenue relates to payment processing services for prepaid debit cards, ATM sponsorship, tax refund transfer and other money transfer systems and services. Additionally, a significant source of revenue for the Company is interest from the purchase or origination of commercial finance loans, consumer finance loans and community banking loans. The Company accepts deposits from customers in the normal course of business through its community bank division and on a national basis through its MPS and tax services divisions, and through wholesale funding. The Company operates in the banking industry, which accounts for the majority of its revenues and assets. The Company uses the “management approach” for reporting information about segments in annual and interim financial statements. The management approach is based on the way the chief operating decision-maker organizes segments within a company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure,management structure and any other manner in which management disaggregates a company. Based on the management approach model, the Company has determined that its business is comprised of three reporting segments. See Note 16 Segment Reporting for additional information on the Company's segment reporting.