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SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2020

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)						2020						2019						2018
Servicing fees for sold loans with servicing retained						$	1,096					$	1,291					$	5,048
Losses on the fair value and amortization of servicing rights						(591)						(612)						(1,328)
Total income from servicing rights						$	505					$	679					$	3,720

Servicing Rights

The following table presents a composition of servicing rights as of the dates indicated:

						December 31,
($ in thousands)						2020						2019
Mortgage servicing rights, at fair value						$	566					$	1,157
SBA servicing rights, at cost						888						1,142
Total						$	1,454					$	2,299

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)						2020						2019
Fair value of retained MSRs						$	566					$	1,157
Discount rate						13.00		%				13.00		%
Constant prepayment rate						25.68		%				18.96		%
Weighted-average life (in years)						3.11						4.41

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)						2020						2019
Servicing rights						$	888					$	1,142
Discount rate						7.25		%				8.75		%
Constant prepayment rate						8.00		%				8.00		%
Weighted-average life (in years)						3.36						3.75

Mortgage Servicing Rights

The following table presents activity in the MSRs for the periods indicated:

						Year Ended December 31,
($ in thousands)						2020						2019						2018
Balance at beginning of year						$	1,157					$	1,770					$	31,852
Changes in fair value resulting from valuation inputs or assumptions						(309)						(265)						(1,155)
Sales of servicing rights						—						—						(28,549)
Other—loans paid off						(282)						(348)						(378)
Balance at end of year						$	566					$	1,157					$	1,770

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)						2020						2019						2018
Balance at beginning of year						$	1,142					$	1,658					$	1,856
Additions						—						—						127
Amortization, including prepayments						(254)						(493)						(298)
Impairment						—						(23)						(27)
Balance at end of year						$	888					$	1,142					$	1,658

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Tabular disclosure of all information related to the key inputs and assumptions (including, at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses) used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement with transferred financial assets, as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

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- Definition

Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 4
-Subparagraph (a)
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Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)
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