MORTGAGE SERVICING RIGHTS

12 Months Ended

Dec. 31, 2017

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)		2017		2016
Residential mortgage loans serviced for others	$	117,538	$	125,243
Fair value of mortgage servicing rights		1,010		902

Changes in mortgage servicing rights are as follows:

Years ended December 31, (in thousands)		2017			2016			2015
Mortgage Servicing Rights
Balance, beginning of period	$	339		$	486		$	694
Originated		63			95			148
Amortization (1)		(169	)		(242	)		(356	)
Balance, end of period		233			339			486
Valuation Allowance
Balance, beginning of period		(23	)		(3	)		—
Decrease (increase) in impairment reserve (1)		23			(20	)		(3	)
Balance, end of period		—			(23	)		(3	)
Mortgage servicing rights, net	$	233		$	316		$	483

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