| Other Assets |
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.
|
|