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Secondary Market Mortgage Activities

12 Months Ended

Dec. 31, 2012

Secondary Market Mortgage Activities [Abstract]

5. Secondary Market Mortgage Activities

The following summarizes secondary market mortgage activities for the years ended December 31, 2012, 2011, and 2010:


	2012		2011		2010

Loans originated for resale, net of principal pay downs	$	32,626	$	19,927	$	28,706
Proceeds from sales of loans held for sale		32,512		23,324		22,585
Net gains on sales of loans held for sale		927		638		688
Loan servicing fees		340		349		349

Total loans serviced for others was $104,017, $109,006, and $106,265 at December 31, 2012, 2011, and 2010, respectively.

The following summarizes activity for capitalized mortgage servicing rights for the years ended December 31, 2012, 2011, and 2010:


	2012			2011			2010
Balance, beginning of year	$	906		$	909		$	876
Additions		85			249			256
Amortization		(277	)		(252	)		(223	)

Balance, end of year	$	714		$	906		$	909

The fair value of mortgage servicing rights is based on market prices for comparable mortgage servicing contracts, when available, or alternatively based on a valuation model that calculates the present value of estimated future net servicing income. The fair value of mortgage servicing rights was $718, $959, and $1,010 at December 31, 2012, 2011, and 2010, respectively. No valuation allowance is deemed necessary at December 31, 2012, 2011, or 2010. The fair value of interest rate lock commitments was not material at December 31, 2012 or 2011.