Changes in mortgage servicing rights, which are included in other
assets, were as follows (in thousands):
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Three months ended September 30, |
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Nine months ended September 30, |
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2016 |
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2015 |
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2016 |
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2015 |
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(unaudited) |
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(unaudited) |
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Balance at beginning of period
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$ |
457 |
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$ |
475 |
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$ |
479 |
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$ |
476 |
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Capitalization
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4 |
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16 |
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|
50 |
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|
93 |
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Amortization
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(27 |
) |
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|
(24 |
) |
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(72 |
) |
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|
(71 |
) |
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Valuation allowance adjustment
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|
(48 |
) |
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13 |
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(71 |
) |
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(18 |
) |
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Balance at end of period
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$ |
386 |
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$ |
480 |
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$ |
386 |
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$ |
480 |
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