MORTGAGE SERVICING RIGHTS

9 Months Ended

Sep. 30, 2015

Mortgage Loans on Real Estate [Abstract]

MORTGAGE SERVICING RIGHTS

NOTE 4 - MORTGAGE SERVICING RIGHTS

(in thousands)		September 30, 2015		December 31, 2014
Residential mortgage loans serviced for others	$	132,201	$	138,106
Fair value of mortgage servicing rights		1,429		1,568

Changes in mortgage servicing rights are as follows:

	Three months						Nine months
Periods ended September 30, (in thousands)		2015			2014			2015			2014
Mortgage Servicing Rights
Balance, beginning of period	$	599		$	838		$	694		$	980
Originated		22			(17	)		124			5
Amortization (1)		(85	)		(56	)		(282	)		(220	)
Balance, end of period		536			765			536			765
Valuation Allowance
Balance, beginning of period		(2	)		(1	)		1			(15	)
Decrease (increase) in impairment reserve (1)		1			1			(2	)		15
Balance, end of period		(1	)		—			(1	)		—
Loan servicing rights, net	$	535		$	765		$	535		$	765

(1) Amortization expense and changes in the impairment reserve are recorded in mortgage servicing, net.