MORTGAGE SERVICING RIGHTS

6 Months Ended

Jun. 30, 2017

Mortgage Loans on Real Estate [Abstract]

MORTGAGE SERVICING RIGHTS

NOTE 4 - MORTGAGE SERVICING RIGHTS

(in thousands)		June 30, 2017		December 31, 2016
Residential mortgage loans serviced for others	$	122,043	$	125,243
Fair value of mortgage servicing rights		916		902

Changes in mortgage servicing rights are as follows:

		Three months						Six months
Periods ended June 30, (in thousands)		2017			2016			2017			2016
Mortgage Servicing Rights
Balance, beginning of period	$	296		$	456		$	339		$	487
Originated		14			24			38			45
Amortization (1)		(69	)		(64	)		(136	)		(116	)
Balance, end of period	$	241		$	416		$	241		$	416
Valuation Allowance
Balance, beginning of period	$	(25	)	$	(24	)	$	(23	)	$	(4	)
Decrease (increase) in impairment reserve (1)		1			(1	)		(1	)		(21	)
Balance, end of period		(24	)		(25	)		(24	)		(25	)
Mortgage servicing rights, net	$	217		$	391		$	217		$	391

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