MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2016

Mortgage Loans on Real Estate [Abstract]

Balance of loans serviced for others and fair value of mortgage servicing rights

March 31, (in thousands)		2016		2015
Residential mortgage loans serviced for others	$	129,194	$	137,186
Fair value of mortgage servicing rights		1,037		1,355

Changes in mortgage servicing rights

Three months ended March 31, (in thousands)		2016			2015
Mortgage Servicing Rights
Balance, beginning of period	$	486		$	694
Originated		20			62
Amortization (1)		(51	)		(119	)
Balance, end of period	$	455		$	637
Valuation Allowance
Balance, beginning of period	$	(3	)	$	—
Increase in impairment reserve (1)		(20	)		(9	)
Balance, end of period		(23	)		(9	)
Mortgage servicing rights, net	$	432		$	628

(1) Amortization expense and changes in the impairment reserve are recorded in mortgage servicing, net, in the consolidated statements of income.