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SERVICING RIGHTS (Tables)
 9 Months Ended
Sep. 30, 2019
SERVICING RIGHTS  
Summary of mortgage servicing rights capitalized and amortized

The following table summarizes MSRs capitalized and amortized (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

September 30,

 

 

    

2019

    

2018

    

Balance at beginning of period

 

$

1,144

 

$

1,033

 

Final purchase accounting entry for FFNM

 

 

500

 

 

 —

 

Additions from loans sold with servicing retained

 

 

 —

 

 

19

 

Acquired MSRs

 

 

 —

 

 

386

 

Amortization

 

 

(105)

 

 

(339)

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$

1,539

 

$

1,099

 

Balance of loan servicing portfolio

 

$

260,905

 

$

285,661

 

Mortgage servicing rights as % of portfolio

 

 

.59%

 

 

.38%

 

Fair value of servicing rights

 

 

2,283

 

 

2,898