Note 14: Loan Servicing

Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of these loans consist of the following:



	2016		2015
Loans serviced for
Freddie Mac	$	301,263	$	295,613
Fannie Mae		7,355		11,535
FHLB		10,621		12,677
Other investors		1,551		1,763
	$	320,790	$	321,588

The aggregate fair value of capitalized mortgage servicing rights is based on comparable market values and expected cash flows, with impairment assessed based on portfolio characteristics including product type and interest rates. The amount of servicing fees collected during 2016, 2015 and 2014 totaled approximately $801,000, $814,000, and $832,000, respectively.



	2016		2015		2014
Mortgage-servicing rights
Balances, January 1	$	1,335	$	1,417	$	1,858
Servicing rights capitalized		482		458		278
Amortization of servicing rights		(466)		(540)		(719)
	$	1,351	$	1,335	$	1,417

The fair value of servicing rights subsequently measured using the amortization method was as follows:



	2016		2015		2014
Mortgage-servicing rights
Fair value, beginning of period	$	2,179	$	2,048	$	2,106
Fair value, end of period		2,110		2,179		2,048