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Goodwill, Intangible Assets, and Servicing Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following table provides information regarding the core deposit intangibles at June 30, 2021 and December 31, 2020:

																		As of June 30, 2021												As of December 31, 2020
Core Deposit Intangibles Related To:						Amortization Period						Gross Amount						Accumulated Amortization						Carrying Amount						Accumulated Amortization						Carrying Amount
												(Dollars in thousands)
Foster Bankshares acquisition						10 years						$	2,763					$	(2,413)					$	350					$	(2,322)					$	441
Wilshire Bancorp acquisition						10 years						18,138						(9,799)						8,339						(8,871)						9,267
Total												$	20,901					$	(12,212)					$	8,689					$	(11,193)					$	9,708

Schedule of Servicing Assets

The changes in servicing assets for the three and six months ended June 30, 2021 and 2020 were as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
						2021						2020						2021						2020
						(Dollars in thousands)
Balance at beginning of period						$	12,084					$	14,847					$	12,692					$	16,417
Additions through originations of servicing assets						737						759						1,329						1,136
Amortization						(1,255)						(1,442)						(2,455)						(3,389)
Balance at end of period						$	11,566					$	14,164					$	11,566					$	14,164

Summary of Fair Value Inputs

The inputs used in evaluating servicing assets for impairment at June 30, 2021 and December 31, 2020 are presented below.

						June 30, 2021												December 31, 2020
SBA Servicing Assets:
Weighted-average discount rate						11.72%												9.93%
Constant prepayment rate						14.23%												14.40%
Mortgage Servicing Assets:
Weighted-average discount rate						8.51%												8.26%
Constant prepayment rate						9.02%												8.63%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
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-Paragraph 4
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