Loan Servicing (Tables)

12 Months Ended

Dec. 31, 2019

Loan Servicing

Schedule of Servicing Assets at Fair Value

The following summarizes the activity in mortgage servicing rights measured using the fair value method for the years ended December 31, 2019 and 2018:

	2019		2018
Fair value as of the beginning of the period	$	1,252,740	$	909,821
Recognition of mortgage servicing rights on the sale of loans		245,790		309,712
Changes in fair value due to changes in valuation inputs or assumptions used in the valuation model		(284,715)		33,207
Fair value at the end of the period	$	1,213,815	$	1,252,740