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LOAN REPURCHASE RESERVE
 12 Months Ended
Dec. 31, 2020
Mortgage Banking Activities [Abstract]  
LOAN REPURCHASE RESERVE LOAN REPURCHASE RESERVE
The following table presents a summary of activity in the loan repurchase reserve for the periods indicated:
Year Ended December 31,
($ in thousands)202020192018
Balance at beginning of year$6,201 $2,506 $6,306 
Initial provision for loan repurchases (1)11 4,563 126 
Subsequent change in the reserve(697)(660)(2,488)
Utilization of reserve for loan repurchases— (208)(1,438)
Balance at end of year$5,515 $6,201 $2,506 

(1)During the year ended December 31, 2019, amount includes a $4.4 million initial provision for loan repurchases related to the Freddie Mac multifamily loan securitization completed in the third quarter of 2019. Refer to Note 21 — Variable Interest Entities for additional information.

We believe that our obligations for loan repurchases or loss reimbursements were adequately reserved for at December 31, 2020.