Segment Information

9 Months Ended

Sep. 30, 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 September 30, 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 September 30, 2021
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$20,541	$741	$21,282
Interest expense	813	37	850
Net interest income	19,728	704	20,432
Benefit for credit losses	(1,106)	—	(1,106)
Other operating income	2,765	9,893	12,658
Other operating expense	14,849	7,685	22,534
Income before provision for income taxes	8,750	2,912	11,662
Provision for income taxes	1,955	830	2,785
Net income	$6,795	$2,082	$8,877

	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 credit 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 for income taxes	1,249	2,745	3,994
Net income	$4,915	$6,940	$11,855

	Nine Months Ended September 30, 2021
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$59,816	$2,315	$62,131
Interest expense	2,886	128	3,014
Net interest income	56,930	2,187	59,117
Provision for credit losses	(3,021)	—	(3,021)
Other operating income	7,811	34,875	42,686
Other operating expense	43,064	23,133	66,197
Income before provision for income taxes	24,698	13,929	38,627
Provision for income taxes	5,257	3,967	9,224
Net income	$19,441	$9,962	$29,403

	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 credit 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

September 30, 2021
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Total assets	$2,467,842	$142,104	$2,609,946
Loans held for sale	$—	$106,224	$106,224

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