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Other Assets (Tables)
12 Months Ended
Dec. 31, 2018
Schedule of other assets

 

 

 

 

 

 

 

 

 

 

December 31, 

    

December 31, 

 

 

 

2018

 

2017

 

Accounts receivable, net

 

$

16,840

 

$

5,401

 

Servicing advances

 

 

3,468

 

 

2,853

 

Derivative assets – lending (See Note 10)

 

 

3,351

 

 

4,777

 

Prepaid expenses

 

 

3,252

 

 

3,001

 

Accrued interest receivable

 

 

1,505

 

 

1,397

 

Real estate owned – outside trusts

 

 

1,366

 

 

 —

 

Premises and equipment, net

 

 

1,109

 

 

862

 

Developed software, net

 

 

572

 

 

1,145

 

Deferred tax asset, net (See Note 14)

 

 

 —

 

 

4,315

 

Deferred charge (See Note 12)

    

 

 —

    

 

7,827

 

Other

 

 

2,168

 

 

1,644

 

Total other assets

 

$

33,631

 

$

33,222

 

 

Summary of intangible assets acquired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross

    

Accumulated

    

Aggregate

    

Net

As of December 31, 2018:

 

Carrying Amount

 

Amortization

 

Impairment Charges

 

Carrying Amount

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

$

17,251

 

$

(3,801)

 

$

(13,450)

 

$

 —

Customer relationships

 

 

10,170

 

 

(5,273)

 

 

(4,897)

 

 

 —

Non-compete agreement

 

 

5,701

 

 

(5,701)

 

 

 —

 

 

 —

Total intangible assets acquired

 

$

33,122

 

$

(14,775)

 

$

(18,347)

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross

    

Accumulated

    

Net

As of December 31, 2017:

 

Carrying Amount

 

Amortization

 

Carrying Amount

Intangible assets:

 

 

 

 

 

 

 

 

 

Trademark

 

$

17,251

 

$

(3,216)

 

$

14,035

Customer relationships

 

 

10,170

 

 

(4,143)

 

 

6,027

Non-compete agreement

 

 

5,701

 

 

(4,181)

 

 

1,520

Total intangible assets acquired

 

$

33,122

 

$

(11,540)

 

$

21,582

 

Schedule of premises and equipment and accumulated depreciation

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

    

2018

    

2017

 

Premises and equipment

    

$

17,793

    

$

16,928

 

Less: Accumulated depreciation

 

 

(16,684)

 

 

(16,066)

 

Total premises and equipment, net

 

$

1,109

 

$

862

 

 

Developed software  
Summary of intangible assets acquired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Accumulated

 

Net

 

 

Remaining

 

As of December 31, 2018:

 

Carrying Amount

 

Amortization

 

Carrying Amount

 

 

Life

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed software

 

$

2,719

 

$

(2,147)

 

$

572

 

 

1.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Accumulated

 

Net

As of December 31, 2017:

    

Carrying Amount

    

Amortization

    

Carrying Amount

Other assets:

 

 

 

 

 

 

 

 

 

Developed software

 

$

2,719

 

$

(1,574)

 

$

1,145

 

The Company recognized $572 thousand of amortization expense associated with developed software within general, administrative and other expense in the accompanying consolidated statements of operations, for both years ended December 31, 2018 and 2017.