Three Months Ended
September 30,

Nine Months Ended
September 30,

($ in thousands)

2021

2020

2021

2020

Balance at beginning of period

$

10,678

$

8,168

$

7,759

$

11,017

Mortgage servicing rights capitalized during the period

1,211

1,349

3,658

3,971

Mortgage servicing rights amortization during the period

(943

)

(1,308

)

(3,078

)

(3,479

)

Net change in valuation allowance

248

326

2,855

(2,974

)

Balance at end of period

$

11,194

$

8,535

$

11,194

$

8,535

Valuation allowance:

Balance at beginning of period

$

2,285

$

4,606

$

4,892

$

1,306

Increase (decrease)

(248

)

(326

)

(2,855

)

2,974

Balance at end of period

$

2,037

$

4,280

$

2,037

$

4,280