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Mortgage Banking (Tables)
12 Months Ended
Dec. 31, 2019
Transfers and Servicing [Abstract]  
Schedule of Mortgage Servicing Rights Capitalized and Amortized
The following summarizes servicing assets capitalized and amortized, along with the activity in the related valuation allowance as of and for the periods indicated:
 
 
As Of and For The Year Ended
December 31,
(In thousands)
 
2019
 
2018
 
2017
Servicing Assets:
 
  

 
  

 
  

Balance at beginning of year
 
$
831

 
$
1,025

 
$
1,210

Capitalized servicing right fees upon sale(1)
 
263

 

 
22

Amortization charged against mortgage servicing fee income(2)
 
(216
)
 
(200
)
 
(430
)
Valuation adjustment
 
(1
)
 
6

 
223

Balance at end of year
 
$
877

 
$
831

 
$
1,025

Valuation Allowance:
 
  

 
  

 
  

Balance at beginning of year
 
$
(1
)
 
$
(7
)
 
$
(230
)
(Increase) decrease in impairment reserve
 
(1
)
 
6

 
223

Balance at end of year
 
$
(2
)
 
$
(1
)
 
$
(7
)
Fair value, beginning of year
 
$
1,677

 
$
1,766

 
$
1,701

Fair value, end of year
 
$
1,496

 
$
1,677

 
$
1,766


(1)
Associated income was reported within mortgage banking income, net on the consolidated statements of income.
(2)
Associated amortization expense was reported within mortgage banking income, net on the consolidated statements of income.