MORTGAGE SERVICING RIGHTS

12 Months Ended

Dec. 31, 2016

Mortgage Loans on Real Estate [Abstract]

MORTGAGE SERVICING RIGHTS

NOTE 5 - MORTGAGE SERVICING RIGHTS

Loans serviced for others are not included in the consolidated balance sheets. Balances of loans serviced for others and the fair value of mortgage servicing rights are as follows:

December 31, (in thousands)		2016		2015
Residential mortgage loans serviced for others	$	125,243	$	130,816
Fair value of mortgage servicing rights		902		1,315

Changes in mortgage servicing rights are as follows:

Years ended December 31, (in thousands)		2016			2015			2014
Mortgage Servicing Rights
Balance, beginning of period	$	486		$	694		$	980
Originated		95			148			17
Amortization (1)		(242	)		(356	)		(303	)
Balance, end of period		339			486			694
Valuation Allowance
Balance, beginning of period		(3	)		—			(15	)
(Increase) decrease  in impairment reserve (1)		(20	)		(3	)		15
Balance, end of period		(23	)		(3	)		—
Mortgage servicing rights, net	$	316		$	483		$	694

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