Segment Information

3 Months Ended

Mar. 31, 2021

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 March 31, 2021, the Community Banking segment operated 17 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, 2021
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$19,799	$797	$20,596
Interest expense	1,065	38	1,103
Net interest income	18,734	759	19,493
Benefit for credit losses	(1,488)	—	(1,488)
Other operating income	2,274	13,622	15,896
Other operating expense	13,664	7,663	21,327
Income before provision for income taxes	8,832	6,718	15,550
Provision for income taxes	1,452	1,917	3,369
Net income	$7,380	$4,801	$12,181

	Three Months Ended March 31, 2020
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$16,880	$459	$17,339
Interest expense	1,619	30	1,649
Net interest income	15,261	429	15,690
Provision for credit losses	2,060	—	2,060
Other operating income	1,768	4,665	6,433
Other operating expense	13,612	5,175	18,787
Income before provision for income taxes	1,357	(81)	1,276
Provision (benefit) for income taxes	266	(23)	243
Net income	$1,091	($58)	$1,033

March 31, 2021
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Total assets	$2,195,445	$155,798	$2,351,243
Loans held for sale	$—	$116,128	$116,128

December 31, 2020
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Total assets	$1,935,871	$185,927	$2,121,798
Loans held for sale	$—	$146,178	$146,178