Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 2020

Mortgage Servicing Rights [Abstract]

Mortgage Servicing Rights Activity

The following table presents the activity in the Company’s mortgage servicing rights:

	Six months ended June 30,
	2020			2019
	(In Thousands)
Mortgage servicing rights at beginning of the period	$	282		$	109
Additions		4,931			175
Amortization		(226	)		(29	)
Sales		-			-
Mortgage servicing rights at end of the period		4,987			255
Valuation allowance during the period		(21	)		(80	)
Mortgage servicing rights at end of the period, net	$	4,966		$	175

Estimated Amortization Expense of Mortgage Servicing Rights

The following table shows the estimated future amortization expense for mortgage servicing rights for the periods indicated:

Estimate for the period ending December 31:	(In Thousands)
2020	$	559
2021		979
2022		775
2023		699
2024		593
Thereafter		1,361
Total	$	4,966