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SERVICING RIGHTS (Tables)
 9 Months Ended
Sep. 30, 2018
Transfers and Servicing [Abstract]  
Schedule of Income (Loss) from Servicing Rights
The following table presents a composition of total income from servicing rights, which is reported in Loan Servicing Income on the Consolidated Statements of Operations, on a consolidated operations basis, for the three and nine months ended September 30, 2018 and 2017:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Servicing fees for sold loans with servicing retained
 
$
472

 
$
4,521

 
$
4,612

 
$
15,352

Losses on the fair value and runoff of servicing rights
 
(33
)
 
(3,968
)
 
(914
)
 
(10,360
)
Total income from servicing rights
 
$
439

 
$
553

 
$
3,698

 
$
4,992
Servicing Rights
The following table presents a composition of servicing rights, on a consolidated operations basis, as of the dates indicated:
($ in thousands)
 
September 30, 2018
 
December 31, 2017
Mortgage servicing rights, at fair value
 
$
2,029

 
$
31,852

SBA servicing rights, at amortized cost
 
1,741

 
1,856

Total
 
$
3,770

 
$
33,708
Mortgage Servicing Rights Fair Value and Weighted Average Life
The following table presents the key characteristics, inputs and economic assumptions used to estimate the fair value of the MSRs as of the dates indicated:
($ in thousands)
 
September 30, 2018
 
December 31, 2017
Fair value of retained MSRs
 
$
1,963

 
$
2,059

Discount rate
 
13.00
%
 
13.00
%
Constant prepayment rate
 
16.25
%
 
16.54
%
Weighted-average life
 
5.16 years

 
5.07 years
Mortgage Servicing Rights
The following table presents activity in the MSRs, on a consolidated operations basis, for the periods indicated:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Balance at beginning of period
 
$
2,062

 
$
42,109

 
$
31,852

 
$
76,121

Additions
 
—

 
574

 
—

 
12,126

Sales of servicing rights (1)
 
—

 
—

 
(28,549
)
 
(39,186
)
Changes in fair value resulting from valuation inputs or assumptions
 
33

 
(1,905
)
 
(1,057
)
 
(4,984
)
Other
 
(66
)
 
(2,063
)
 
(217
)
 
(5,362
)
Balance at end of period
 
$
2,029

 
$
38,715

 
$
2,029

 
$
38,715


(1) Includes $37.8 million of MSRs sold as a part of discontinued operations for the nine months ended September 30, 2017.
Small Business Administration Servicing Rights
The following table presents activity in the SBA servicing rights for the periods indicated:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Balance at beginning of period
 
$
1,807

 
$
1,725

 
$
1,856

 
$
1,496

Additions
 
18

 
133

 
127

 
479

Amortization, including prepayments
 
(75
)
 
(59
)
 
(228
)
 
(159
)
Impairment
 
(9
)
 
(66
)
 
(14
)
 
(83
)
Balance at end of period
 
$
1,741

 
$
1,733

 
$
1,741

 
$
1,733