MORTGAGE SERVICING RIGHTS

12 Months Ended

Dec. 31, 2019

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

MORTGAGE SERVICING RIGHTS

NOTE 6 - 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)		2019		2018
Residential mortgage loans serviced for others	$	106,255	$	111,378
Fair value of mortgage servicing rights		813		951

Changes in mortgage servicing rights are as follows:

Years ended December 31, (in thousands)		2019			2018			2017
Mortgage Servicing Rights
Balance, beginning of period	$	228		$	233		$	339
Originated		61			43			63
Amortization (1)		(51	)		(48	)		(169	)
Balance, end of period		238			228			233
Valuation Allowance
Balance, beginning of period		—			—			(23	)
Decrease (increase) in impairment reserve (1)		—			—			23
Balance, end of period		—			—			—
Mortgage servicing rights, net	$	238		$	228		$	233

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