Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Intangible Assets

Schedule of changes in mortgage servicing rights (MSRs)

(in thousands)	2019		2018		2017
Balance at beginning of period	$	2,931	$	2,713	$	2,584
Originated mortgage servicing rights		290		245		222
Changes in fair value:
Due to changes in model inputs and assumptions (1)		(434)		286		364
Other changes in fair value (2)		(305)		(313)		(457)
Total changes in fair value		(739)		(27)		(93)
Balance at end of period	$	2,482	$	2,931	$	2,713

(1) The change in fair value resulting from changes in valuation inputs or assumptions used in the valuation model reflects the change in discount rates and prepayment speed assumptions primarily due to changes in interest rates.

(2) Other changes in fair value reflect changes due to customer payments and passage of time.

Schedule of key data and assumptions used in estimating the fair value of the Company's MSRs

	2019		2018
Weighted average constant prepayment rate	13.42	%	8.87	%
Weighted average note rate	3.93	%	3.95	%
Weighted average discount rate	8.61	%	10.28	%
Weighted average expected life (in years)	4.8		6.3