(

) Other Assets

A summary of major components of other assets follows:

	December 31,
(In thousands)	2017		2016

Cash surrender value of life insurance other than BOLI	$	16,213	$	13,543
Net deferred tax asset		9,206		12,896
Investments in tax credit related ventures		3,216		5,244
Other real estate owned and other foreclosed property		2,640		5,033
Other short term receivables		2,215		2,100
Core deposit intangible		1,225		1,405
Mortgage servicing rights (MSRs)		875		921
Goodwill		682		682
Other		12,234		7,553

Total	$	48,506	$	49,377

Bancorp maintains life insurance policies other than BOLI in conjunction with its non-qualified defined benefit retirement and non-qualified compensation plans.

Mortgage servicing rights (MSRs) are initially recognized at fair value when mortgage loans are sold and amortized in proportion to and over the period of estimated net servicing income, considering appropriate prepayment assumptions. MSRs are evaluated quarterly for impairment by comparing carrying value to fair value. Estimated fair values of MSRs at

December 31,

201

and

2016

were

$3.1

million and

$2.7

million, respectively. Total outstanding principal balances of loans serviced by Bancorp were

$344.5

million and

$372.2

million at

December 31, 2017,

and

2016

respectively.

Changes in the net carrying amount of MSRs are shown in the following table.

(In thousands)	2017			2016

Balance at January 1	$	921		$	1,018
Originations		225			177
Amortization		(271	)		(274	)

Balance at December 31	$	875		$	921