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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Mortgage Servicing Rights

An analysis of mortgage servicing rights, which are included in other assets, follows:

 

 

 

Mortgage

Servicing

Rights

 

 

Valuation

Allowance

 

 

Total

 

 

 

(dollars in thousands)

 

Balance at December 31, 2016

 

$

842

 

 

$

(30

)

 

$

812

 

Mortgage servicing rights capitalized

 

 

132

 

 

 

 

 

 

132

 

Amortization charged against servicing income

 

 

(151

)

 

 

 

 

 

(151

)

Change in impairment reserve

 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

$

823

 

 

$

(30

)

 

$

793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage servicing rights capitalized

 

 

20

 

 

 

 

 

 

20

 

Amortization charged against servicing income

 

 

(147

)

 

 

 

 

 

(147

)

Change in impairment reserve

 

 

(30

)

 

 

30

 

 

 

 

Balance at December 31, 2018

 

$

666

 

 

$

 

 

$

666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage servicing rights acquired as a result of the merger

 

 

334

 

 

 

 

 

 

334

 

Mortgage servicing rights capitalized

 

 

618

 

 

 

 

 

 

618

 

Amortization charged against servicing income

 

 

(271

)

 

 

 

 

 

(271

)

Change in impairment reserve

 

 

 

 

 

(26

)

 

 

(26

)

Balance at December 31, 2019

 

$

1,347

 

 

$

(26

)

 

$

1,321

 

 

Mortgage Servicing Rights  
Schedule of Aggregate Estimated Future Amortization Expense

The estimated aggregate future amortization expense for mortgage servicing rights for each of the next five years and thereafter is as follows:  

 

 

 

Future Amortization Expense

 

 

 

(dollars in thousands)

 

2020

 

$

202

 

2021

 

 

166

 

2022

 

 

135

 

2023

 

 

110

 

2024

 

 

89

 

Thereafter

 

 

619

 

Total

 

$

1,321