Annual report pursuant to Section 13 and 15(d)

Other Assets (Tables)

v3.6.0.2
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2016
Other Assets [Abstract]  
Schedule of Other Assets [Table Text Block]
Other assets as of December 31, 2016 and December 31, 2015 are summarized in the following table:
(in thousands)
December 31,
2016
 
December 31,
2015
Property and equipment at cost
$
6,481

 
$
5,997

Accumulated depreciation (1)
(4,566
)
 
(3,303
)
Net property and equipment
1,915

 
2,694

Prepaid expenses
1,406

 
1,572

Income taxes receivable
1,532

 
5,286

Deferred tax assets, net
57,361

 
44,318

Servicing advances
26,147

 
37,499

Federal Home Loan Bank stock
167,856

 
156,650

Equity investments
3,000

 
3,000

Other receivables
43,653

 
20,556

Total other assets
$
302,870

 
$
271,575

____________________
(1)
Depreciation expense for the years ended December 31, 2016 and 2015 was $1.3 million and $1.4 million, respectively.