Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Notes)

v2.4.0.8
Other Assets (Notes)
 3 Months Ended
Mar. 31, 2014
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
Other Assets
Other assets as of March 31, 2014 and December 31, 2013 are summarized in the following table:
(in thousands)
March 31,
2014
 
December 31,
2013
Property and equipment at cost
$
2,710

 
$
2,285

Accumulated depreciation (1)
(1,065
)
 
(858
)
Net property and equipment
1,645

 
1,427

Prepaid expenses
1,793

 
1,818

Income taxes receivable
321

 
—

Deferred tax assets
10,064

 
—

Intangible assets
133

 
533

Servicing advances
12,714

 
7,298

Federal Home Loan Bank stock
18,589

 
10

Equity investments
3,000

 
—

Other receivables
12,629

 
2,113

Total other assets
$
60,888

 
$
13,199

____________________
(1)
Depreciation expense for the three months ended March 31, 2014 was $206,575.