Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

v2.4.1.9
Other Assets (Tables)
 3 Months Ended
Mar. 31, 2015
Other Assets [Abstract]  
Schedule of Other Assets [Table Text Block]
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.