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:



	2017		2016
Loans serviced for
Freddie Mac	$	320,334	$	301,263
Fannie Mae		5,249		7,355
FHLB		9,313		10,621
Other investors		1,341		1,551
	$	336,237	$	320,790

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 2017, 2016 and 2015 totaled approximately $783,000, $801,000, and $814,000, respectively.



	2017		2016		2015
Mortgage-servicing rights
Balances, January 1	$	1,351	$	1,335	$	1,417
Servicing rights capitalized		549		482		458
Amortization of servicing rights		(396)		(466)		(540)
	$	1,504	$	1,351	$	1,335

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



	2017		2016		2015
Mortgage-servicing rights
Fair value, beginning of period	$	2,110	$	2,179	$	2,048
Fair value, end of period		2,246		2,110		2,179