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Loan Servicing Rights

12 Months Ended

Dec. 31, 2020

Information regarding LSRs was as follows:


	At December 31,
(in thousands)	2020		2019		2018
Balance, beginning of period	$	56,313	$	23	$	25
Acquired in the TCF/Chemical Merger	—		59,567		—
New servicing assets created	17,209		4,969		7
Impairment (charge) recovery	(17,605)		(3,882)		—
Amortization	(17,614)		(4,364)		(9)
Balance, end of period	$	38,303	$	56,313	$	23
Valuation allowance, end of period	$	(21,488)	$	(3,882)	$	—

Loans serviced for others that have servicing rights capitalized, end of period	$	6,203,199	$	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 $16.7 million and $7.0 million for December 31, 2020 and December 31, 2019, respectively.