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MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Mortgage Servicing Rights Activity

Mortgage servicing rights activity for the three month period ended March 31, 2021 and twelve months ended December 31, 2020 were as follows:


						As of and for the Three Months Ended						As of and for the Twelve Months Ended
Mortgage servicing rights:						March 31, 2021						December 31, 2020
Mortgage servicing rights, beginning of period						$	5,266					$	4,541

Increase in mortgage servicing rights resulting from transfers of financial assets						297						2,020
Amortization during the period						(439)						(1,295)
						5,124						5,266
Valuation allowance:
Valuation allowance, beginning of period						(2,014)						(259)
Additions						—						(1,755)
Recoveries						889						—

Valuation allowance, end of period						(1,125)						(2,014)
Mortgage servicing rights, net						$	3,999					$	3,252
Fair value of mortgage servicing rights; end of period						$	4,005					$	3,285
Residential mortgage loans serviced for others						$	551,622					$	553,655
Net book value of mortgage servicing rights to loans serviced for others						0.73		%				0.59		%