MORTGAGE SERVICING RIGHTS

9 Months Ended

Sep. 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)		September 30, 2018		December 31, 2017
Residential mortgage loans serviced for others	$	111,957	$	117,538
Fair value of mortgage servicing rights		1,034		1,010

Changes in mortgage servicing rights are as follows:

		Three months ended						Nine months ended
Periods ended September 30, (in thousands)		2018			2017			2018			2017
Mortgage Servicing Rights
Balance, beginning of period	$	217		$	241		$	233		$	339
Originated		11			15			18			53
Amortization (1)		(11	)		(13	)		(34	)		(149	)
Balance, end of period	$	217		$	243		$	217		$	243
Valuation Allowance
Balance, beginning of period	$	—		$	(25	)	$	—		$	(23	)
Decrease (increase) in impairment reserve (1)		—			26			—			24
Balance, end of period	$	—		$	1		$	—		$	1
Mortgage servicing rights, net	$	217		$	244		$	217		$	244

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