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SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2019
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 for the periods indicated:
 
 
Year Ended December 31,
($ in thousands)
 
2019
 
2018
 
2017
Servicing fees for sold loans with servicing retained
 
$
1,291

 
$
5,048

 
$
19,642

Losses on the fair value and amortization of servicing rights
 
(612
)
 
(1,328
)
 
(17,066
)
Total income from servicing rights(1)
 
$
679

 
$
3,720

 
$
2,576


(1)
Includes $0, $0 and $1.6 million in income from discontinued operations for the years ended December 31, 2019, 2018 and 2017.
Servicing Rights
The following table presents a composition of servicing rights as of the dates indicated:
 
 
December 31,
($ in thousands)
 
2019
 
2018
Mortgage servicing rights, at fair value
 
$
1,157

 
$
1,770

SBA servicing rights, at cost
 
1,142

 
1,658

Total
 
$
2,299

 
$
3,428
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:
 
 
December 31,
($ in thousands)
 
2019
 
2018
Fair value of retained MSRs
 
$
1,157

 
$
1,704

Discount rate
 
13.00
%
 
13.00
%
Constant prepayment rate
 
18.96
%
 
17.21
%
Weighted-average life (in years)
 
4.41

 
4.93


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)
 
2019
 
2018
Servicing rights
 
$
1,142

 
$
1,658

Discount rate
 
8.75
%
 
9.50
%
Constant prepayment rate
 
8.00
%
 
8.00
%
Weighted-average life (in years)
 
3.75

 
4.29
Mortgage Servicing Rights
The following table presents activity in the MSRs for the periods indicated:
 
 
Year Ended December 31,
($ in thousands)
 
2019
 
2018
 
2017
Balance at beginning of year
 
$
1,770

 
$
31,852

 
$
76,121

Additions
 
—

 
—

 
12,127

Changes in fair value resulting from valuation inputs or assumptions
 
(265
)
 
(1,155
)
 
(10,240
)
Sales of servicing rights (1)
 
—

 
(28,549
)
 
(39,345
)
Other—loans paid off
 
(348
)
 
(378
)
 
(6,811
)
Balance at end of year
 
$
1,157

 
$
1,770

 
$
31,852


(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)
 
2019
 
2018
 
2017
Balance at beginning of year
 
$
1,658

 
$
1,856

 
$
1,496

Additions
 
—

 
127

 
761

Amortization, including prepayments
 
(493
)
 
(298
)
 
(318
)
Impairment
 
(23
)
 
(27
)
 
(83
)
Balance at end of year
 
$
1,142

 
$
1,658

 
$
1,856