Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

v3.7.0.1
Other Assets (Tables)
 6 Months Ended
Jun. 30, 2017
Other Assets [Abstract]  
Schedule of Other Assets
Other assets as of June 30, 2017 and December 31, 2016 are summarized in the following table:
(in thousands)
June 30,
2017
 
December 31,
2016
Property and equipment at cost
$
6,737

 
 
$
6,481

Accumulated depreciation (1)
(5,116
)
 
 
(4,566
)
Net property and equipment
1,621

 
 
1,915

Prepaid expenses
1,906

 
 
1,406

Income taxes receivable
1,455

 
 
1,532

Deferred tax assets, net
49,147

(2) 
 
57,361

Servicing advances
21,116

 
 
26,147

Federal Home Loan Bank stock
134,776

 
 
167,856

Equity investments
3,000

 
 
3,000

Other receivables
51,461

 
 
43,653

Total other assets
$
264,482

 
 
$
302,870

____________________
(1)
Depreciation expense for the three and six months ended June 30, 2017 was $0.3 million and $0.5 million, respectively.
(2)
Net of valuation allowance of $4.3 million.