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Loan Sales and Mortgage Servicing Rights
3 Months Ended
Mar. 31, 2017
Loan Sales And Mortgage Servicing Rights Disclosure [Abstract]  
Loan Sales and Mortgage Servicing Rights

NOTE 6: LOAN SALES AND MORTGAGE SERVICING RIGHTS

 

In the first quarter of 2017, FFB recognized a gain of $0.3 million on the sale of $21 million of multifamily loans and recorded mortgage servicing rights of $0.1 million on the sale of those loans. As of March 31, 2017 and December 31, 2016, mortgage servicing rights were $2.2 million and the amount of loans serviced for others totaled $417.3 million and $412.2 million, respectively. Servicing fees collected in the first three months of 2017 and during 2016 were $0.2 million and $0.3 million, respectively.