9. Other assets:

The major components of other assets at December 31, 2015 and 2014 are summarized as follows:


December 31	2015		2014
Other real estate owned	$	957	$	561
Investment in residential housing program		6,744		4,329
Mortgage servicing rights		465		676
Bank owned life insurance		30,782		29,983
Restricted equity securities		5,403		3,687
Other assets		14,136		13,830
Total	$	58,487	$	53,066

The Company originates one-to-four family residential mortgage loans for sale in the secondary market with servicing rights retained. Mortgage loans serviced for other are not included in the accompanying Consolidated Balance Sheets. The unpaid principal balances of mortgage loans serviced for others were $168,198 at December 31, 2015 and $163,822 at December 31, 2014.