Loan Servicing

12 Months Ended

Dec. 31, 2014

Loan Servicing [Abstract]

Loan Servicing

Note 11: Loan Servicing

Loans serviced for others are not included in the accompanying consolidated balance sheets. The risks inherent in mortgage servicing assets relate primarily to changes in prepayments that result from shifts in mortgage interest rates. The unpaid principal balances of mortgage and other loans serviced for others was $109.4 million as of December 31, 2014. The total of loans serviced for others as of December 31, 2013 was $114.1 million. That total includes FNMA loans acquired from Dupont State Bank with balances of $12.7 million and $17.6 million at December 31, 2014 and 2013, respectively. No mortgage servicing rights were acquired with that portfolio of loans. Mortgage servicing rights are included in “other assets” in the consolidated balance sheets.

The following summarizes the activity pertaining to mortgage servicing rights measured using the amortization method, along with the aggregate activity in related valuation allowances:

	2014			2013
Mortgage servicing rights
Balances, January 1	$	655		$	679
Servicing rights capitalized		120			191
Amortization of servicing rights		(188	)		(215	)
Balance at end of year	$	587		$	655
Fair value disclosures
Fair value as of the beginning of the period	$	894		$	704
Fair value as of the end of the period		876			894

No valuation allowance was necessary at December 31, 2014 and 2013.