Segment Information

12 Months Ended

Dec. 31, 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 December 31, 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:

December 31, 2020
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$73,435	$3,281	$76,716
Interest expense	5,788	263	6,051
Net interest income	67,647	3,018	70,665
Provision for loan losses	2,432	—	2,432
Other operating income	10,693	52,635	63,328
Other operating expense	57,614	31,500	89,114
Income before provision for income taxes	18,294	24,153	42,447
Provision for income taxes	2,694	6,865	9,559
Net income	$15,600	$17,288	$32,888
Total assets	$1,935,871	$185,927	$2,121,798
Loans held for sale	$—	$146,178	$146,178

December 31, 2019
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$67,770	$2,313	$70,083
Interest expense	4,569	1,072	5,641
Net interest income	63,201	1,241	64,442
Benefit for loan losses	(1,175)	—	(1,175)
Other operating income	13,145	24,201	37,346
Compensation expense, RML acquisition payments	468	—	468
Other operating expense	54,520	21,850	76,370
Income before provision for income taxes	22,533	3,592	26,125
Provision for income taxes	4,408	1,026	5,434
Net income	$18,125	$2,566	$20,691
Total assets	$1,540,869	$103,127	$1,643,996
Loans held for sale	$—	$67,834	$67,834

December 31, 2018
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$62,097	$2,080	$64,177
Interest expense	2,370	599	2,969
Net interest income	59,727	1,481	61,208
Provision for loan losses	(500)	—	(500)
Other operating income	11,323	20,844	32,167
Other operating expense	49,956	19,844	69,800
Income before provision for income taxes	21,594	2,481	24,075
Provision for income taxes	3,361	710	4,071
Net income	$18,233	$1,771	$20,004
Total assets	$1,443,745	$59,243	$1,502,988
Loans held for sale	$—	$34,710	$34,710