Other Assets

12 Months Ended

Dec. 31, 2014

Prepaid Expense And Other Assets [Abstract]

Other Assets text block

NOTE 5. OTHER ASSETS

The composition of other assets at December 31, 2014 and 2013 follows:

(in thousands)
		2014		2013
Prepaid expenses	$	265	$	298
Servicing advances		699		831
Servicing sale receivable, including accrued interest		465		464
Investment in Bimini Capital Trust II		804		804
Due from affiliates		330		-
Other		397		358
Total other assets	$	2,960	$	2,755

Receivables are carried at their estimated collectible amounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the counterparty to make required payments, if any. Management considers the following factors when determining the collectability of specific accounts: past transaction activity, current economic conditions and changes in payment terms. Amounts that the Company determines are no longer collectible are written off. As of December 31, 2014 and 2013, management determined that no allowance for doubtful accounts was necessary. Collections on amounts previously written off are included in income as received.