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SERVICING RIGHTS (Tables) | 12 Months Ended
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Dec. 31, 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 periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2018 |  | 2017 |  | 2016
Servicing fees for sold loans with servicing retained |  | $ | 5,048 |  |  | $ | 19,642 |  |  | $ | 23,117 |
Losses on the fair value and runoff of servicing rights |  | (1,328 | ) |  | (17,066 | ) |  | (17,732 | )
Total income from servicing rights(1) |  | $ | 3,720 |  |  | $ | 2,576 |  |  | $ | 5,385 |
(1) | Includes $1.6 million and $4.8 million in Income from discontinued operations for the years ended December 31, 2017 and 2016.
Servicing Rights | The following table presents a composition of servicing rights, on a consolidated operations basis, as of the dates indicated:
|  | December 31,
($ in thousands) |  | 2018 |  | 2017
Mortgage servicing rights, at fair value |  | $ | 1,770 |  |  | $ | 31,852 |
SBA servicing rights, at cost |  | 1,658 |  |  | 1,856 |
Total |  | $ | 3,428 |  |  | $ | 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 SBA servicing rights as of the dates indicated:
|  | December 31,
($ in thousands) |  | 2018 |  | 2017
Servicing rights |  | $ | 1,658 |  |  | $ | 1,856 |
Discount rate |  | 9.50 | % |  | 8.50 | %
Constant prepayment rate |  | 8.00 | % |  | 8.00 | %
Weighted-average life |  | 4.29 years |  |  | 4.54 years |
|  | December 31,
($ in thousands) |  | 2018 |  | 2017
Fair value of retained MSRs |  | $ | 1,704 |  |  | $ | 2,059 |
Discount rate |  | 13.00 | % |  | 13.00 | %
Constant prepayment rate |  | 17.21 | % |  | 16.54 | %
Weighted-average life |  | 4.93 years |  |  | 5.07 years |
Mortgage Servicing Rights | The following table presents activity in the MSRs, on a consolidated operations basis, for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2018 |  | 2017 |  | 2016
Balance at beginning of year |  | $ | 31,852 |  |  | $ | 76,121 |  |  | $ | 49,939 |
Additions |  | — |  |  | 12,127 |  |  | 49,293 |
Changes in fair value resulting from valuation inputs or assumptions |  | (1,155 | ) |  | (10,240 | ) |  | (5,709 | )
Sales of servicing rights (1) |  | (28,549 | ) |  | (39,345 | ) |  | (5,382 | )
Other—loans paid off |  | (378 | ) |  | (6,811 | ) |  | (12,020 | )
Balance at end of year |  | $ | 1,770 |  |  | $ | 31,852 |  |  | $ | 76,121 |
(1) Includes $37.8 million of MSRs sold as a part of discontinued operations for the year ended December 31, 2017.
Small Business Administration Servicing Rights | The following table presents activity in the SBA servicing rights for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2018 |  | 2017 |  | 2016
Balance at beginning of year |  | $ | 1,856 |  |  | $ | 1,496 |  |  | $ | 788 |
Additions |  | 127 |  |  | 761 |  |  | 877 |
Amortization, including prepayments |  | (298 | ) |  | (318 | ) |  | (157 | )
Impairment |  | (27 | ) |  | (83 | ) |  | (12 | )
Balance at end of year |  | $ | 1,658 |  |  | $ | 1,856 |  |  | $ | 1,496 |

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