Other Assets (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
Schedule of other assets |
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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 |
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Gross
|
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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)
|
|
|
—
|
|
|
—
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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)
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|
Total premises and equipment, net
|
|
$
|
1,109
|
|
$
|
862
|
|
|
Developed software |
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Summary of intangible assets acquired |
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Gross
|
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Accumulated
|
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Net
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Remaining
|
|
As of December 31, 2018:
|
|
Carrying Amount
|
|
Amortization
|
|
Carrying Amount
|
|
|
Life
|
|
Other assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Developed software
|
|
$
|
2,719
|
|
$
|
(2,147)
|
|
$
|
572
|
|
|
1.0
|
|
|
|
|
|
|
|
|
|
|
|
|
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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.
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