Annual report pursuant to Section 13 and 15(d)

Other Assets (Tables)

v2.4.1.9
Other Assets (Tables)
12 Months Ended
Dec. 31, 2014
Other Assets [Abstract]  
Schedule of Other Assets [Table Text Block]
Other assets as of December 31, 2014 and December 31, 2013 are summarized in the following table:
(in thousands)
December 31,
2014
 
December 31,
2013
Property and equipment at cost
$
4,849

 
$
2,285

Accumulated depreciation (1)
(1,941
)
 
(858
)
Net property and equipment
2,908

 
1,427

Prepaid expenses
1,790

 
1,818

Deferred tax assets, net
40,847

 

Intangible assets

 
533

Servicing advances
27,490

 
7,298

Federal Home Loan Bank stock
100,010

 
10

Equity investments
3,000

 

Other receivables
12,534

 
2,113

Total other assets
$
188,579

 
$
13,199

____________________
(1)
Depreciation expense for the years ended December 31, 2014 and 2013 was $1.1 million and $0.6 million, respectively.