Segment Information

3 Months Ended

Mar. 31, 2019

The Company's operations are managed along two operating segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. As of March 31, 2019, the Community Banking segment operated 15 branches throughout Alaska. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for 1-4 family residential properties.

Summarized financial information for the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables:



	Three Months Ended March 31, 2019
(In Thousands)	Community Banking		Home Mortgage Lending		Consolidated

Interest income		$16,512		$366		$16,878
Interest expense	1,024		85		1,109
Net interest income	15,488		281		15,769
Provision for loan losses	750		—		750
Other operating income	3,235		4,298		7,533
Other operating expense	12,518		4,562		17,080
Income before provision for income taxes	5,455		17		5,472
Provision for income taxes	1,155		5		1,160
Net income		$4,300		$12		$4,312



	Three Months Ended March 31, 2018
(In Thousands)	Community Banking		Home Mortgage Lending		Consolidated

Interest income		$14,463		$332		$14,795
Interest expense	427		105		532
Net interest income	14,036		227		14,263
Other operating income	2,518		4,944		7,462
Other operating expense	12,367		4,428		16,795
Income before provision for income taxes	4,187		743		4,930
Provision for income taxes	659		209		868
Net income		$3,528		$534		$4,062



March 31, 2019
(In Thousands)	Community Banking		Home Mortgage Lending		Consolidated

Total assets		$1,457,244		$62,807		$1,520,051
Loans held for sale		$—		$30,211		$30,211



December 31, 2018
(In Thousands)	Community Banking		Home Mortgage Lending		Consolidated

Total assets		$1,443,745		$59,243		$1,502,988
Loans held for sale		$—		$34,710		$34,710