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MORTGAGE SERVICING RIGHTS
3 Months Ended
Mar. 31, 2017
Mortgage Loans on Real Estate [Abstract]  
MORTGAGE SERVICING RIGHTS

NOTE 4 - MORTGAGE SERVICING RIGHTS

(in thousands)    March 31, 2017      December 31, 2016  
Residential mortgage loans serviced for others  $123,925   $125,243 
Fair value of mortgage servicing rights   810    902 

Changes in mortgage servicing rights are as follows:

Three months ended March 31, (in thousands)    2017      2016  
Mortgage Servicing Rights          
Balance, beginning of period  $339   $486 
Originated   25    20 
Amortization (1)   (68)   (51) 
Balance, end of period  $296   $455 
Valuation Allowance          
Balance, beginning of period  $(23)  $(3)
Increase in impairment reserve (1)   (2)   (20)
Balance, end of period   (25)   (23)
Mortgage servicing rights, net  $271   $432 
(1)Amortization expense and changes in the impairment reserve are recorded in mortgage servicing, net, in the consolidated statements of income.