Servicing Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers and Servicing [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Servicing Asset at Amortized Cost | The changes in net servicing assets for the year ended December 31, 2017 and 2016 were as follows:
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Schedule of Servicing Assets at Fair Value | Total servicing assets at December 31, 2017 totaled $24.7 million, and was comprised of $22.2 million in SBA servicing assets and $2.5 million in mortgage related servicing assets. At December 31, 2016, servicing assets totaled $26.5 million, comprised of $24.7 million in SBA servicing assets and $1.8 million in mortgage related servicing assets. The Company utilizes the discounted cash flow method to calculate the initial excess servicing assets. The inputs used in determining the fair value of the servicing assets at December 31, 2017 and December 31, 2016 are presented below.
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