XML 108 R13.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Mortgage Banking and Servicing Rights
 12 Months Ended
Dec. 31, 2019
Mortgage Servicing Rights [Abstract]  
Mortgage Banking and Servicing Rights

Note 5: Mortgage Banking and Servicing Rights


Mortgage loans serviced for others are not included in the accompanying balance sheets. The unpaid principal balance of mortgage loans serviced for others approximated $1.2 billion and $1.1 billion at December 31, 2019 and 2018. Contractually specified servicing fees of approximately $2.6 million and $2.6 million were included in mortgage loan servicing fees in the income statement for the years ended December 31, 2019 and 2018, respectively.


The following table summarizes mortgage servicing rights capitalized and related amortization, along with activity in the related valuation allowance:


($ in thousands)  2019   2018 
         
Carrying amount, beginning of year  $11,365   $9,907 
Mortgage servicing rights capitalized during the year   2,872    2,749 
Mortgage servicing rights amortization during the year   (2,126)   (1,230)
Net change in valuation allowance   (1,094)   (61)
Carrying amount, end of year  $11,017   $11,365 
           
Valuation allowance:          
Beginning of year  $212   $151 
Increase (reduction)   1,094    61 
End of year  $1,306   $212 
           
Fair value, beginning of period  $12,672   $11,338 
Fair value, end of period  $11,864   $12,672