| Other Assets |
Other Assets
Other assets as of June 30, 2018 and December 31, 2017 are summarized in the following table:
|
|
|
|
|
|
|
|
|
(in thousands) |
June 30,
2018 |
|
December 31,
2017 |
Property and equipment at cost |
$ |
6,870 |
|
|
$ |
6,776 |
|
Accumulated depreciation (1)
|
(5,924 |
) |
|
(5,550 |
) |
Net property and equipment |
946 |
|
|
1,226 |
|
Equity securities, at fair value |
30,425 |
|
|
29,413 |
|
Prepaid expenses |
1,830 |
|
|
1,755 |
|
Income taxes receivable |
446 |
|
|
130 |
|
Deferred tax assets, net (2)
|
28,568 |
|
|
25,956 |
|
Servicing advances |
28,718 |
|
|
31,050 |
|
Federal Home Loan Bank stock |
40,845 |
|
|
53,826 |
|
Equity investments |
3,000 |
|
|
3,000 |
|
Other receivables |
32,152 |
|
|
29,482 |
|
Total other assets |
$ |
166,930 |
|
|
$ |
175,838 |
|
____________________
|
|
(1) |
Depreciation expense for the three and six months ended June 30, 2018 was $0.2 million and $0.3 million, respectively.
|
|
|
(2) |
Net of valuation allowance of $2.4 million and $2.7 million, respectively.
|
|