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Segment Information | 9 Months Ended
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Sep. 30, 2023
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, 2023, the Community Banking segment operated 19 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, 2023
(In Thousands) | Community Banking |  | Home Mortgage Lending |  | Consolidated
Interest income | $31,341 |  |  | $3,067 |  |  | $34,408 |
Interest expense | 7,291 |  |  | 767 |  |  | 8,058 |
Net interest income | 24,050 |  |  | 2,300 |  |  | 26,350 |
Provision for credit losses | 1,190 |  |  | — |  |  | 1,190 |
Other operating income | 3,597 |  |  | 4,405 |  |  | 8,002 |
Other operating expense | 16,945 |  |  | 5,951 |  |  | 22,896 |
Income before provision for income taxes | 9,512 |  |  | 754 |  |  | 10,266 |
Provision for income taxes | 1,710 |  |  | 182 |  |  | 1,892 |
Net income | $7,802 |  |  | $572 |  |  | $8,374 |
| Three Months Ended September 30, 2022
(In Thousands) | Community Banking |  | Home Mortgage Lending |  | Consolidated
Interest income | $26,900 |  |  | $659 |  |  | $27,559 |
Interest expense | 1,232 |  |  | 16 |  |  | 1,248 |
Net interest income | 25,668 |  |  | 643 |  |  | 26,311 |
Benefit for credit losses | (353) |  |  | — |  |  | (353) |
Other operating income | 2,938 |  |  | 5,734 |  |  | 8,672 |
Other operating expense | 15,977 |  |  | 6,309 |  |  | 22,286 |
Income before provision for income taxes | 12,982 |  |  | 68 |  |  | 13,050 |
Provision for income taxes | 2,911 |  |  | 14 |  |  | 2,925 |
Net income | $10,071 |  |  | $54 |  |  | $10,125 |
| Nine Months Ended September 30, 2023
(In Thousands) | Community Banking |  | Home Mortgage Lending |  | Consolidated
Interest income | $89,509 |  |  | $6,514 |  |  | $96,023 |
Interest expense | 18,007 |  |  | 1,492 |  |  | 19,499 |
Net interest income | 71,502 |  |  | 5,022 |  |  | 76,524 |
Provision for credit losses | 2,957 |  |  | — |  |  | 2,957 |
Other operating income | 9,564 |  |  | 10,326 |  |  | 19,890 |
Other operating expense | 52,168 |  |  | 18,020 |  |  | 70,188 |
Income (loss) before provision for income taxes | 25,941 |  |  | (2,672) |  |  | 23,269 |
Provision for income taxes | 5,216 |  |  | (728) |  |  | 4,488 |
Net income (loss) | $20,725 |  |  | ($1,944) |  |  | $18,781 |
| Nine Months Ended September 30, 2022
(In Thousands) | Community Banking |  | Home Mortgage Lending |  | Consolidated
Interest income | $68,919 |  |  | $1,690 |  |  | $70,609 |
Interest expense | 2,739 |  |  | 43 |  |  | 2,782 |
Net interest income | 66,180 |  |  | 1,647 |  |  | 67,827 |
Benefit for credit losses | (40) |  |  | — |  |  | (40) |
Other operating income | 8,686 |  |  | 18,616 |  |  | 27,302 |
Other operating expense | 47,223 |  |  | 19,402 |  |  | 66,625 |
Income before provision for income taxes | 27,683 |  |  | 861 |  |  | 28,544 |
Provision for income taxes | 6,157 |  |  | 241 |  |  | 6,398 |
Net income | $21,526 |  |  | $620 |  |  | $22,146 |
September 30, 2023 |  |  |  |  |
(In Thousands) | Community Banking |  | Home Mortgage Lending |  | Consolidated
Total assets | $2,528,430 |  |  | $261,759 |  |  | $2,790,189 |
Loans held for sale | $— |  |  | $63,151 |  |  | $63,151 |
December 31, 2022 |  |  |  |  |
(In Thousands) | Community Banking |  | Home Mortgage Lending |  | Consolidated
Total assets | $2,550,578 |  |  | $123,740 |  |  | $2,674,318 |
Loans held for sale | $— |  |  | $27,538 |  |  | $27,538 |

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