MORTGAGE OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of mortgage servicing rights assets

The following table summarizes the Company's mortgage servicing rights assets as of March 31, 2013 and December 31, 2012. Mortgage servicing rights are included in Interest Receivable and Other Assets in the consolidated balance sheets.

	(in thousands)
	December 31, 2012			Additions		Reductions			March 31, 2013

Mortgage servicing rights	$	1,760		$	201	$	135		$	1,826
Valuation allowance		(536	)		—		(148	)		(388	)
Mortgage servicing rights, net of valuation allowance	$	1,224		$	201	$	(13	)	$	1,438

- 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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