Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Notes)

v3.5.0.2
Other Assets (Notes)
 9 Months Ended
Sep. 30, 2016
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
Other Assets
Other assets as of September 30, 2016 and December 31, 2015 are summarized in the following table:
(in thousands)
September 30,
2016
 
December 31,
2015
Property and equipment at cost
$
6,469

 
$
5,997

Accumulated depreciation (1)
(4,264
)
 
(3,303
)
Net property and equipment
2,205

 
2,694

Prepaid expenses
1,142

 
1,572

Income taxes receivable
1,619

 
5,286

Deferred tax assets, net
75,075

 
44,318

Servicing advances
46,464

 
37,499

Federal Home Loan Bank stock
167,856

 
156,650

Equity investments
3,000

 
3,000

Other receivables
29,035

 
20,556

Total other assets
$
326,396

 
$
271,575

____________________
(1)
Depreciation expense for the three and nine months ended September 30, 2016 was $0.3 million and $1.0 million, respectively.