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Loan Sales and Mortgage Servicing Rights
9 Months Ended
Sep. 30, 2017
Loan Sales And Mortgage Servicing Rights Disclosure [Abstract]  
Loan Sales and Mortgage Servicing Rights

NOTE 6: LOAN SALES AND MORTGAGE SERVICING RIGHTS

 

During the first nine months of 2017, FFB recognized $4.3 million of gains on the sale of $286 million of multifamily loans and recorded mortgage servicing rights of $2.0 million on the sale of those loans. As of September 30, 2017 and December 31, 2016, mortgage servicing rights were $3.8 million and $2.2 million, respectively, and the amount of loans serviced for others totaled $620 million and $382 million, respectively. Servicing fees collected in the first nine months of 2017 and in all of 2016 were $0.8 million and $0.3 million, respectively.