Loan Servicing Rights

3 Months Ended

Mar. 31, 2021

Transfers and Servicing [Abstract]

Loan Servicing Rights

Loan Servicing Rights

Information regarding LSRs was as follows:

	Three Months Ended March 31,
(In thousands)	2021		2020
Balance, beginning of period	$	38,303	$	56,313
New servicing assets created	4,531		2,451
Impairment (charge) recovery	7,637		(8,236)
Amortization	(6,320)		(3,245)
Balance, end of period	$	44,151	$	47,283
Valuation allowance, end of period	$	(13,850)	$	(12,118)
Loans serviced for others that have servicing rights capitalized, end of period	$	6,068,120	$	6,444,101

Total loan servicing, late fee and other ancillary fee income, included in mortgage banking income, related to loans serviced for others that have servicing rights capitalized was $4.0 million for the three months ended March 31, 2021 and $4.2 million for the three months ended March 31, 2020.