Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Notes)

v2.4.1.9
Other Assets (Notes)
3 Months Ended
Mar. 31, 2015
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
Other Assets
Other assets as of March 31, 2015 and December 31, 2014 are summarized in the following table:
(in thousands)
March 31,
2015
 
December 31,
2014
Property and equipment at cost
$
4,988

 
$
4,849

Accumulated depreciation (1)
(2,260
)
 
(1,941
)
Net property and equipment
2,728

 
2,908

Prepaid expenses
1,626

 
1,790

Income taxes receivable
293

 

Deferred tax assets, net
52,384

 
40,847

Servicing advances
30,837

 
27,490

Federal Home Loan Bank stock
110,250

 
100,010

Equity investments
3,000

 
3,000

Other receivables
12,138

 
12,534

Total other assets
$
213,256

 
$
188,579

____________________
(1)
Depreciation expense for the three months ended March 31, 2015 was $0.3 million.