XML 113 R14.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Loan Servicing

12 Months Ended

Dec. 31, 2019

Transfers And Servicing [Abstract]

Loan Servicing

NOTE 6 – LOAN SERVICING

The Company has retained servicing rights to Mortgage loans sold to the Federal Home Loan Mortgage Corporation.  Mortgage loans serviced for others are not reported as assets.  The principal balances of these loans at year-end are as follows:

		2019				2018
Mortgage loan portfolio serviced for:
FHLMC		$	276,863			$	226,389

Custodial escrow balances maintained in connection with serviced loans were $2.2 million at December 31, 2019 and $1.7 million at December 31, 2018. 

Mortgage servicing rights is recorded on the balance sheets as other assets.  Activity for mortgage servicing rights for years ended December 31, 2019, 2018 and 2017 are as follows:

		2019				2018				2017
Servicing rights:
Beginning balance		$	1,468			$	1,242			$	854
Additions			813				627				701
Amortization to expense			(560	)			(401	)			(313	)
Ending balance		$	1,721			$	1,468			$	1,242

There was no valuation allowance required for mortgage servicing rights at December 31, 2019, 2018 and 2017.

X

- References

No definition available.

+ Details

Name:	us-gaap_TransfersAndServicingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-URI http://asc.fasb.org/topic&trid=2197590

+ Details

Name:	us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration