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MORTGAGE OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2018
MORTGAGE OPERATIONS [Abstract]  
Key Assumptions Used in Measuring the Fair Value of Mortgage Servicing Rights
Key assumptions used in measuring the fair value of mortgage servicing rights as of March 31, 2018 and December 31, 2017 were as follows:

  
March 31,
2018
 
 
 
December 31,
2017
 
         
Constant prepayment rate
  
9.50
%
  
10.80
%
Discount rate
  
10.02
%
  
10.02
%
Weighted average life (years)
  
6.56
   
6.02
 
Schedule of Mortgage Servicing Rights Assets

 
(in thousands)
 
 
December 31,
2017
 Additions Reductions 
March 31,
2018
 
                 
Mortgage servicing rights
 
$
1,712
  
$
40
  
$
(73
)
 
$
1,679
 
Valuation allowance
  
—
   
—
   
—
   
—
 
Mortgage servicing rights, net of valuation allowance
 
$
1,712
  
$
40
  
$
(73
)
 
$
1,679