Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Notes)

v3.5.0.2
Other Assets (Notes)
 6 Months Ended
Jun. 30, 2016
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
Other Assets
Other assets as of June 30, 2016 and December 31, 2015 are summarized in the following table:
(in thousands)
June 30,
2016
 
December 31,
2015
Property and equipment at cost
$
6,460

 
$
5,997

Accumulated depreciation (1)
(3,946
)
 
(3,303
)
Net property and equipment
2,514

 
2,694

Prepaid expenses
986

 
1,572

Income taxes receivable
1,617

 
5,286

Deferred tax assets, net
58,466

 
44,318

Servicing advances
56,827

 
37,499

Federal Home Loan Bank stock
167,856

 
156,650

Equity investments
3,000

 
3,000

Other receivables
26,369

 
20,556

Total other assets
$
317,635

 
$
271,575

____________________
(1)
Depreciation expense for the three and six months ended June 30, 2016 was $0.3 million and $0.7 million, respectively.