Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

v3.10.0.1
Other Assets (Tables)
 6 Months Ended
Jun. 30, 2018
Other Assets [Abstract]  
Schedule of 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.