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Servicing Assets and Liabilities (Notes) | 12 Months Ended
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Dec. 31, 2018
Transfers and Servicing [Abstract] |
Servicing of Assets and Liabilities | Servicing Assets and Liabilities The changes in servicing assets and liabilities for the years ended December 31, 2018 and 2017 were as follows:
| As of December 31,
| 2018 |  | 2017
| (in thousands)
Servicing assets: |  |  |
Balance at beginning of period | $ | 10,218 |  |  | $ | 10,564 |
Addition related to sale of SBA loans | 1,589 |  |  | 2,590 |
Amortization | (3,287 | ) |  | (3,266 | )
Reversal of allowance | — |  |  | 330 |
Balance at end of period | $ | 8,520 |  |  | $ | 10,218 |
Servicing liabilities: |  |  |
Balance at beginning of period | $ | 2,217 |  |  | $ | 3,143 |
Amortization | (700 | ) |  | (859 | )
Reversal of allowance | — |  |  | (67 | )
Balance at end of period | $ | 1,517 |  |  | $ | 2,217 |
At December 31, 2018 and 2017, we serviced the loans sold to unaffiliated parties in the amount of $448.6 million and $476.5 million, respectively. These represent loans that have been sold for which the Bank continues to provide servicing. These loans are maintained off balance sheet and are not included in the loans receivable balance. All of the loans being serviced were SBA loans. The Company recorded servicing fee income of $4.7 million for each of the years ended December 31, 2018, 2017 and 2016, respectively. Net amortization expense was $2.6 million, $2.4 million and $1.7 million for the years ended December 31, 2018, 2017 and 2016, respectively. Servicing fee income, net of amortization of servicing assets and liabilities, is included in other operating income in the consolidated statements of income.

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- Definition The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -URI http://asc.fasb.org/topic&trid=2197590 + Details
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