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NOTE 6 - MORTGAGE SERVICING RIGHTS
 6 Months Ended
Jun. 30, 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)    June 30, 2023      December 31, 2022  
Residential mortgage loans serviced for others  $127,766   $133,100 
Fair value of mortgage servicing rights   1,344    1,376 

 

Changes in mortgage servicing rights are as follows:

                    
     Three months ended      Six months ended  
Periods ended June 30, (in thousands)    2023      2022      2023      2022  
Mortgage Servicing Rights                    
Balance, beginning of period  $604   $716   $630   $700 
Originated   —    17    —    72 
Amortization (1)   (25)   (39)   (51)   (78)
Balance, end of period  $579   $694   $579   $694 
Valuation Allowance                    
Balance, beginning of period   —    —    —    — 
Decrease in impairment reserve (1)   —    —    —    — 
Balance, end of period   —    —    —    — 
Mortgage servicing rights, net  $579   $694   $579   $694 
(1)Amortization expense and changes in the impairment reserve are recorded in mortgage banking activities, net.