MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2012

Summary of activity pertaining to mortgage servicing rights along with the aggregate activity in related valuation allowances

	Year Ended
	December 31,
	2012			2011
Balance, beginning	$	651,409		$	601,325
Mortgage servicing rights capitalized	446,539			228,211
Mortgage servicing rights amortized	(257,579		)	(138,900		)
Provision for loss in fair value	(28,586		)	(39,227		)

Balance, ending	$	811,783		$	651,409

Valuation allowances:

Balance, beginning	$	205,038		$	165,811
Additions	28,586			39,227

Balance, ending	$	233,624		$	205,038

Schedule of estimated future amortization expense on mortgage servicing rights

Year Ending December 31,	Amount
2013	$	152,517
2014	142,557
2015	111,143
2016	71,093
2017	65,854
Thereafter	268,619

	$	811,783

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair 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 (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References+ Details