Segment Information

12 Months Ended

Dec. 31, 2019

Note 18. Segment Information

The Company's reportable segments are strategic business units that offer different products and services. The Company manages the segments separately because each business requires different management, personnel proficiencies, and marketing strategies.

The Company has two reportable segments that represent the primary businesses reported in the consolidated financial statements: the finance company (the parent company), and the investment advisor and insurance firm (MP Securities). The finance company segment uses funds from the sale of debt securities, income from operations, and the sale of loan participations to originate or purchase mortgage loans. The finance company also services loans. MP Securities generates fee income by selling debt securities and other investment and insurance products, as well as providing investment advisory and financial planning services.

The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies. Management accounts for intersegment revenues and expenses at amounts that assume the Company entered into the transaction with unrelated third parties at the current market prices at the time of the transaction. Management evaluates the performance of each segment based on net income or loss before provision for income taxes and LLC fees.

Financial information with respect to the reportable segments for the year ended December 31, 2019 is as follows (dollars in thousands):



	Finance Company		Broker Dealer		Other Segments		Adjustments / Eliminations		Total
Total revenue	$	10,289	$	2,304	$	316	$	(1,194)	$	11,715
Total non interest expense and prov. for tax		4,020		1,177		(2)		—		5,195
Net profit (loss)		811		1,126		318		(254)		2,001
Total assets		155,180		2,506		371		(36)		158,021

Financial information with respect to the reportable segments for the year ended December 31, 2018 is as follows (dollars in thousands):



	Finance Company		Broker Dealer		Other Segments		Adjustments / Eliminations		Total
Total revenue	$	10,126	$	1,189	$	—	$	(663)	$	10,652
Total non interest expense and prov. for tax		3,655		995		23		—		4,673
Net profit (loss)		157		194		(23)		149		477
Total assets		154,072		1,307		55		5		155,439