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LOAN REPURCHASE RESERVE
 12 Months Ended
Dec. 31, 2021
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)202120202019
Balance at beginning of year$5,515 $6,201 $2,506 
Initial provision for loan repurchases (1)— 11 4,563 
Subsequent change in the reserve(948)(697)(660)
Utilization of reserve for loan repurchases(219)— (208)
Balance at end of year$4,348 $5,515 $6,201 

(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 20 — Variable Interest Entities for additional information.

We believe that our obligations for loan repurchases or loss reimbursements were adequately reserved for at December 31, 2021.