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.