MORTGAGE SERVICING RIGHTS

6 Months Ended

Jun. 30, 2018

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

MORTGAGE SERVICING RIGHTS

NOTE 4 - MORTGAGE SERVICING RIGHTS

(in thousands)		June 30, 2018		December 31, 2017
Residential mortgage loans serviced for others	$	113,773	$	117,538
Fair value of mortgage servicing rights		1,044		1,010

Changes in mortgage servicing rights are as follows:

		Three months ended						Six months ended
Periods ended June 30, (in thousands)		2018			2017			2018			2017
Mortgage Servicing Rights
Balance, beginning of period	$	228		$	296		$	233		$	339
Originated		—			14			7			38
Amortization (1)		(11	)		(69	)		(23	)		(136	)
Balance, end of period	$	217		$	241		$	217		$	241
Valuation Allowance
Balance, beginning of period	$	—		$	(25	)	$	—		$	(23	)
Decrease (increase) in impairment reserve (1)		—			1			—			(1	)
Balance, end of period		—			(24	)		—			(24	)
Mortgage servicing rights, net	$	217		$	217		$	217		$	217

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