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Mortgage Servicing Rights (Tables)
3 Months Ended
Mar. 31, 2013
Mortgage Servicing Rights [Abstract]  
Schedule of Servicing Assets at Fair Value [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31

(Dollars in thousands)

2013

 

2012

Cost of mortgage servicing rights:

 

 

 

 

 

Beginning balance

$

458 

 

$

730 

Originations

 

 -

 

 

 -

Amortization

 

(74)

 

 

(54)

Ending balance

$

384 

 

$

676 

 

 

 

 

 

 

Valuation allowance:

 

 

 

 

 

Beginning balance

$

(223)

 

$

(362)

Valuation charges

 

 -

 

 

 -

Valuation reversals

 

24 

 

 

61 

Ending balance

$

(199)

 

$

(301)

 

 

 

 

 

 

Mortgage servicing rights cost

$

384 

 

$

676 

Valuation allowance

 

(199)

 

 

(301)

Carrying value

$

185 

 

$

375 

 

 

 

 

 

 

Fair value

$

185 

 

$

375