Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

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Other Assets (Tables)
9 Months Ended
Sep. 30, 2015
Other Assets [Abstract]  
Schedule of Other Assets [Table Text Block]
Other assets as of September 30, 2015 and December 31, 2014 are summarized in the following table:
(in thousands)
September 30,
2015
 
December 31,
2014
Property and equipment at cost
$
5,725

 
$
4,849

Accumulated depreciation (1)
(2,927
)
 
(1,941
)
Net property and equipment
2,798

 
2,908

Prepaid expenses
1,119

 
1,790

Income taxes receivable
6,854

 

Deferred tax assets, net
56,240

 
40,847

Servicing advances
30,955

 
27,490

Federal Home Loan Bank stock
153,650

 
100,010

Equity investments
3,000

 
3,000

Other receivables
16,735

 
12,534

Total other assets
$
271,351

 
$
188,579

____________________
(1)
Depreciation expense for the three and nine months ended September 30, 2015 was $0.3 million and $1.0 million, respectively.