Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

v2.4.0.8
Other Assets (Tables)
 9 Months Ended
Sep. 30, 2014
Other Assets [Abstract]  
Schedule of Other Assets [Table Text Block]
Other assets as of September 30, 2014 and December 31, 2013 are summarized in the following table:
(in thousands)
September 30,
2014
 
December 31,
2013
Property and equipment at cost
$
4,519

 
$
2,285

Accumulated depreciation (1)
(1,626
)
 
(858
)
Net property and equipment
2,893

 
1,427

Prepaid expenses
1,065

 
1,818

Deferred tax assets
26,082

 
—

Intangible assets
—

 
533

Servicing advances
19,783

 
7,298

Federal Home Loan Bank stock
60,010

 
10

Equity investments
3,000

 
—

Other receivables
12,998

 
2,113

Total other assets
$
125,831

 
$
13,199

____________________
(1)
Depreciation expense for the three and nine months ended September 30, 2014 was $303,870 and $767,361, respectively.