NOTE 6 - MORTGAGE SERVICING RIGHTS

3 Months Ended

Mar. 31, 2023

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

NOTE 6 - MORTGAGE SERVICING RIGHTS

NOTE 6 - MORTGAGE SERVICING RIGHTS

(in thousands)		March 31, 2023		December 31, 2022
Residential mortgage loans serviced for others	$	130,275	$	133,100
Fair value of mortgage servicing rights		1,309		1,376

Changes in mortgage servicing rights are as follows:

Three months ended March 31, (in thousands)		2023			2022
Mortgage Servicing Rights
Balance, beginning of period	$	630		$	700
Originated		—			55
Amortization (1)		(26	)		(39	)
Balance, end of period	$	604		$	716
Valuation Allowance
Balance, beginning of period		—			—
Decrease in impairment reserve (1)		—			—
Balance, end of period		—			—
Mortgage servicing rights, net	$	604		$	716

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