Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

v3.8.0.1
Other Assets (Tables)
 3 Months Ended
Mar. 31, 2018
Other Assets [Abstract]  
Schedule of Other Assets
Other assets as of March 31, 2018 and December 31, 2017 are summarized in the following table:
(in thousands)
March 31,
2018
 
December 31,
2017
Property and equipment at cost
$
6,837

 
$
6,776

Accumulated depreciation (1)
(5,748
)
 
(5,550
)
Net property and equipment
1,089

 
1,226

Equity securities, at fair value
27,423

 
29,413

Prepaid expenses
1,315

 
1,755

Income taxes receivable
854

 
130

Deferred tax assets, net (2)
21,958

 
25,956

Servicing advances
28,179

 
31,050

Federal Home Loan Bank stock
40,845

 
53,826

Equity investments
3,000

 
3,000

Other receivables
34,696

 
29,482

Total other assets
$
159,359

 
$
175,838

____________________
(1)
Depreciation expense for the three months ended March 31, 2018 and 2017 was $0.2 million and $0.3 million, respectively.
(2)
Net of valuation allowance of $2.3 million and $2.7 million, respectively.