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Segment Reporting | 9 Months Ended
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Sep. 30, 2022
Segment Reporting |
Segment Reporting | NOTE 16 Segment Reporting The Company determines reportable segments based on the services offered, the significance of the services offered, the significance of those services to the Company’s financial statements, and management’s regular review of the operating results of those services. The Company operates through four operating segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. The financial information presented for each segment includes net interest income, provision for loan losses, direct noninterest income, and direct noninterest expense, before indirect allocations. Corporate Administration includes the indirect overhead and is set forth in the table below. The segment net income before taxes represents direct revenue and expense before indirect allocations and income taxes. The following table presents key metrics related to the Company’s segments for the periods presented: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2022
​ | ​ | ​ | ​ | ​ | Retirement and | ​ | Wealth | ​ | ​ | ​ | ​ | Corporate | ​ | ​ | ​
(dollars in thousands) |  | Banking |  | Benefit Services |  | Management |  | Mortgage |  | Administration |  | Consolidated
Net interest income | ​ | $ | 28,512 | ​ | $ | — | ​ | $ | — | ​ | $ | 393 | ​ | $ | (589) | ​ | $ | 28,316
Provision for loan losses | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Noninterest income | ​ |  | 1,723 | ​ |  | 16,597 | ​ |  | 4,852 | ​ |  | 3,782 | ​ |  | 56 | ​ |  | 27,010
Noninterest expense | ​ |  | 19,990 | ​ |  | 6,130 | ​ |  | 1,576 | ​ |  | 4,483 | ​ |  | 10,588 | ​ |  | 42,767
Net income before taxes | ​ | $ | 10,245 | ​ | $ | 10,467 | ​ | $ | 3,276 | ​ | $ | (308) | ​ | $ | (11,121) | ​ | $ | 12,559
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended September 30, 2022
​ | ​ | ​ | ​ | ​ | Retirement and | ​ | Wealth | ​ | ​ | ​ | ​ | Corporate | ​ | ​ | ​
(dollars in thousands) |  | Banking |  | Benefit Services |  | Management |  | Mortgage |  | Administration |  | Consolidated
Net interest income | ​ | $ | 72,816 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,660 | ​ | $ | (1,711) | ​ | $ | 72,765
Provision for loan losses | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Noninterest income | ​ | ​ | 4,602 | ​ | ​ | 50,536 | ​ | ​ | 15,726 | ​ | ​ | 14,751 | ​ | ​ | 91 | ​ | ​ | 85,706
Noninterest expense | ​ | ​ | 48,303 | ​ |  | 21,160 | ​ |  | 5,062 | ​ |  | 14,712 | ​ | ​ | 31,585 | ​ | ​ | 120,822
Net income before taxes | ​ | $ | 29,115 | ​ | $ | 29,376 | ​ | $ | 10,664 | ​ | $ | 1,699 | ​ | $ | (33,205) | ​ | $ | 37,649
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2021
​ | ​ | ​ | ​ | ​ | Retirement and | ​ | Wealth | ​ | ​ | ​ | ​ | Corporate | ​ | ​ | ​
(dollars in thousands) |  | Banking |  | Benefit Services |  | Management |  | Mortgage |  | Administration |  | Consolidated
Net interest income | ​ | $ | 21,168 | ​ | $ | — | ​ | $ | — | ​ | $ | 499 | ​ | $ | (535) | ​ | $ | 21,132
Provision for loan losses | ​ | ​ | (2,000) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,000)
Noninterest income | ​ | ​ | 1,576 | ​ | ​ | 18,031 | ​ | ​ | 5,295 | ​ | ​ | 11,116 | ​ | ​ | 22 | ​ | ​ | 36,040
Noninterest expense | ​ | ​ | 11,403 | ​ |  | 10,320 | ​ |  | 2,219 | ​ |  | 8,464 | ​ | ​ | 9,635 | ​ | ​ | 42,041
Net income before taxes | ​ | $ | 13,341 | ​ | $ | 7,711 | ​ | $ | 3,076 | ​ | $ | 3,151 | ​ | $ | (10,148) | ​ | $ | 17,131
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended September 30, 2021
​ | ​ | ​ | ​ | ​ | Retirement and | ​ | Wealth | ​ | ​ | ​ | ​ | Corporate | ​ | ​ | ​
(dollars in thousands) |  | Banking |  | Benefit Services |  | Management |  | Mortgage |  | Administration |  | Consolidated
Net interest income | ​ | $ | 64,236 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,435 | ​ | $ | (1,361) | ​ | $ | 64,310
Provision for loan losses | ​ |  | (2,000) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (2,000)
Noninterest income | ​ |  | 4,564 | ​ |  | 53,157 | ​ |  | 15,419 | ​ |  | 40,535 | ​ |  | (6) | ​ |  | 113,669
Noninterest expense | ​ |  | 33,401 | ​ |  | 30,420 | ​ |  | 6,682 | ​ |  | 29,978 | ​ |  | 27,152 | ​ |  | 127,633
Net income before taxes | ​ | $ | 37,399 | ​ | $ | 22,737 | ​ | $ | 8,737 | ​ | $ | 11,992 | ​ | $ | (28,519) | ​ | $ | 52,346
​ Banking The Banking division offers a complete line of loan, deposit, cash management, and treasury services through fourteen offices in North Dakota, Minnesota, and Arizona. These products and services are supported through web and mobile based applications. The majority of the Company’s assets and liabilities are in the Banking segment’s balance sheet. Retirement and Benefit Services Retirement and Benefit Services provides the following services nationally: recordkeeping and administration services to qualified retirement plans; ESOP trustee, recordkeeping, and administration; investment fiduciary services to retirement plans; health savings accounts, flex spending accounts, and COBRA recordkeeping and administration services. In addition, the division operates within each of the banking markets, as well as in Lansing, Michigan and Littleton, Colorado. Wealth Management The Wealth Management division provides advisory and planning services, investment management, and trust and fiduciary services to clients across the Company’s footprint. Mortgage The Mortgage division offers first and second mortgage loans through a centralized mortgage unit in Minneapolis, Minnesota, as well as through the Banking office locations.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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