MORTGAGE OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2012

The following table summarizes the Company's mortgage servicing rights assets as of September 30, 2012 and December 31, 2011.

	(in thousands)
	December 31, 2011			Additions			Reductions		September 30, 2012

Mortgage servicing rights	$	1,636		$	459		$	382	$	1,713
Valuation allowance		(347	)		(141	)		—		(488	)
Mortgage servicing rights, net of valuation allowance	$	1,289		$	318		$	382	$	1,225

- Definition

Tabular disclosure of the activity in the balance of servicing assets subsequently measured at amortized value (including a description of where changes in carrying value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (through purchases of servicing assets and servicing assets that result from transfers of financial assets), disposals, amortization, application of valuation allowances, other-than-temporary impairments, and other changes that affect the balance along with a description of those changes.

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