Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Notes)

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Other Assets (Notes)
 6 Months Ended
Jun. 30, 2015
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
Other Assets
Other assets as of June 30, 2015 and December 31, 2014 are summarized in the following table:
(in thousands)
June 30,
2015
 
December 31,
2014
Property and equipment at cost
$
5,492

 
$
4,849

Accumulated depreciation (1)
(2,593
)
 
(1,941
)
Net property and equipment
2,899

 
2,908

Prepaid expenses
1,375

 
1,790

Income taxes receivable
7,175

 
—

Deferred tax assets, net
52,240

 
40,847

Servicing advances
30,828

 
27,490

Federal Home Loan Bank stock
125,250

 
100,010

Equity investments
3,000

 
3,000

Other receivables
13,793

 
12,534

Total other assets
$
236,560

 
$
188,579

____________________
(1)
Depreciation expense for the three and six months ended June 30, 2015 was $0.3 million and $0.7 million, respectively.