Servicing Assets (Tables)

9 Months Ended

Sep. 30, 2020

The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated:


	September 30, 2020									December 31, 2019
($ in thousands)	Residential Property			SBA Property			SBA Commercial Term			Residential Property			SBA Property			SBA Commercial Term
Carrying amount	$	117		$	5,374		$	675		$	171		$	5,805		$	822
Fair value	$	140		$	7,890		$	942		$	200		$	6,693		$	976
Discount rate	11.25		%	13.25		%	12.75		%	11.25		%	13.25		%	12.75		%
Prepayment speed	27.60		%	10.78		%	10.70		%	26.60		%	16.28		%	16.03		%
Weighted average remaining life	23.4 years			21.1 years			6.8 years			24.2 years			21.3 years			7.0 years
Underlying loans being serviced	$	23,618		$	384,356		$	76,677		$	32,428		$	384,007		$	82,181

The following table presents activity in servicing assets for the three months ended September 30, 2020 and 2019:


	Three Months Ended September 30,
	2020						2019
($ in thousands)	Residential Property		SBA Property		SBA Commercial Term		Residential Property		SBA Property		SBA Commercial Term
Balance at beginning of period	$	125	$	5,554	$	720	$	204	$	6,094	$	932
Additions	—		140		16		—		292		39
Amortization	(8)		(320)		(61)		(15)		(538)		(109)

Balance at end of period	$	117	$	5,374	$	675	$	189	$	5,848	$	862

The following table presents activity in servicing assets for the nine months ended September 30, 2020 and 2019:


	Nine Months Ended September 30,
	2020						2019
($ in thousands)	Residential Property		SBA Property		SBA Commercial Term		Residential Property		SBA Property		SBA Commercial Term
Balance at beginning of period	$	171	$	5,805	$	822	$	244	$	6,349	$	1,073
Additions	—		653		100		—		962		146
Amortization	(54)		(1,084)		(247)		(55)		(1,463)		(357)

Balance at end of period	$	117	$	5,374	$	675	$	189	$	5,848	$	862