Segment Information

12 Months Ended

Dec. 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 December 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:

December 31, 2021
(In Thousands)	Community Banking	Home Mortgage Lending	Consolidated
Interest income	$81,703	$2,903	$84,606
Interest expense	3,623	156	3,779
Net interest income	78,080	2,747	80,827
Provision for credit losses	(4,099)	—	(4,099)
Other operating income	10,119	42,144	52,263
Other operating expense	58,647	30,549	89,196
Income before provision for income taxes	33,651	14,342	47,993
Provision for income taxes	6,468	4,008	10,476
Net income	$27,183	$10,334	$37,517
Total assets	$2,615,433	$109,286	$2,724,719
Loans held for sale	$—	$73,650	$73,650

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 credit 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 credit 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