Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

    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 September 30, 2020, the Community Banking segment operated 16 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 September 30, 2020
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$18,821	$973	$19,794
Interest expense	1,433	67	1,500
Net interest income	17,388	906	18,294
Provision for loan losses	567	—	567
Other operating income	3,696	17,932	21,628
Other operating expense	14,353	9,153	23,506
Income before provision for income taxes	6,164	9,685	15,849
Provision (benefit) for income taxes	1,249	2,745	3,994
Net income	$4,915	$6,940	$11,855

	Three Months Ended September 30, 2019
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$17,108	$729	$17,837
Interest expense	1,108	423	1,531
Net interest income	16,000	306	16,306
Provision for loan losses	(2,075)	—	(2,075)
Other operating income	2,944	7,565	10,509
Other operating expense	13,126	6,198	19,324
Income before provision for income taxes	7,893	1,673	9,566
Provision for income taxes	1,550	478	2,028
Net income	$6,343	$1,195	$7,538

	Nine Months Ended September 30, 2020
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$53,818	$2,319	$56,137
Interest expense	4,520	176	4,696
Net interest income	49,298	2,143	51,441
Provision for loan losses	3,031	—	3,031
Other operating income	7,772	37,824	45,596
Other operating expense	42,078	22,889	64,967
Income before provision for income taxes	11,961	17,078	29,039
Provision for income taxes	1,391	4,860	6,251
Net income	$10,570	$12,218	$22,788

	Nine Months Ended September 30, 2019
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$50,377	$1,644	$52,021
Interest expense	3,256	733	3,989
Net interest income	47,121	911	48,032
Benefit for loan losses	(1,025)	—	(1,025)
Other operating income	9,798	17,813	27,611
Other operating expense	39,755	16,468	56,223
Income before provision for income taxes	18,189	2,256	20,445
Provision for income taxes	3,689	645	4,334
Net income	$14,500	$1,611	$16,111

September 30, 2020
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Total assets	$1,928,465	$169,273	$2,097,738
Loans held for sale	$—	$128,105	$128,105

December 31, 2019
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Total assets	$1,540,869	$103,127	$1,643,996
Loans held for sale	$—	$67,834	$67,834