Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

v3.10.0.1
Other Assets (Tables)
 9 Months Ended
Sep. 30, 2018
Other Assets [Abstract]  
Schedule of Other Assets Other assets as of September 30, 2018 and December 31, 2017 are summarized in the following table:
(in thousands)
September 30,
2018
 
December 31,
2017
Property and equipment at cost
$
6,970

 
$
6,776

Accumulated depreciation (1)
(6,107
)
 
(5,550
)
Net property and equipment
863

 
1,226

Equity securities, at fair value
—

 
29,413

Prepaid expenses
2,592

 
1,755

Income taxes receivable
590

 
130

Deferred tax assets, net (2)
5,751

 
25,956

Servicing advances
26,134

 
31,050

Federal Home Loan Bank stock
40,848

 
53,826

Equity investments
6,529

 
3,000

Other receivables
39,121

 
29,482

Total other assets
$
122,428

 
$
175,838

____________________
(1)
Depreciation expense for the three and nine months ended September 30, 2018 was $0.2 million and $0.5 million, respectively.
(2)
Net of valuation allowance of $2.4 million and $2.7 million, respectively.