Mortgage Servicing Rights

12 Months Ended

Dec. 31, 2011

Mortgage Servicing Rights [Abstract]

Mortgage Servicing Rights

NOTE 12. MORTGAGE SERVICING RIGHTS

For the years ended December 31, 2011, 2010 and 2009, the 1-4 family mortgage loans that were sold to Federal National Mortgage Association, or FNMA, amounted to $67.9 million, $109.3 million and $133.5 million respectively. At December 31, 2011, 2010 and 2009 our servicing portfolio totaled $332.6 million, $318.2 million and $255.9 million, respectively.

The following table indicates mortgage servicing rights and the net carrying values:

	Servicing Rights			Valuation Allowance		Net Carrying Value
(in thousands)
Balance at December 31, 2009	$	2,692		$	592	$	2,100
Additions		1,006			233		773
Amortization		(406	)		—		(406	)
Balance at December 31, 2010	$	3,292		$	825	$	2,467
Additions		621			342		279
Amortization		(593	)		—		(593	)
Balance at December 31, 2011	$	3,320		$	1,167	$	2,153