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Loan Servicing Rights
 12 Months Ended
Dec. 31, 2019
Transfers and Servicing [Abstract]  
Loan Servicing Rights Loan Servicing Rights

Information regarding LSRs was as follows:
 
At December 31,
(in thousands)
2019
 
2018
 
2017
Balance, beginning of period
$
23

 
$
25

 
$
30

Acquired in the Merger
59,567

 
—

 
—

New servicing assets created
4,969

 
7

 
4

Impairment (charge) recovery
(3,882
)
 
—

 
—

Amortization
(4,364
)
 
(9
)
 
(9
)
Balance, end of period
$
56,313

 
$
23

 
$
25

Valuation allowance, end of period
$
(3,882
)
 
—

 
—

Loans serviced for others that have servicing rights capitalized, end of period
$
6,566,892

 
—

 
—



Total loan servicing, late fee and other ancillary fee income, included in servicing fee income, related to loans serviced for others that have servicing rights capitalized was $7.0 million for December 31, 2019.