XML 18 R39.htm IDEA: XBRL DOCUMENT v2.4.1.9
Other Assets and Accrued Expense and Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2014
Summary of Other Assets

Other assets at December 31, 2014 and 2013 are summarized in the following table.

 

(In Thousands)

    December 31, 2014      December 31, 2013  

Margin receivable

    $ 65,374       $ 31,149   

FHLBC stock

      10,688         —     

Pledged collateral

      9,927         —     

Guarantee asset

      7,201         —     

Deposits

      5,000         5,000   

REO

      4,391         3,661   

Prepaid expenses

      3,372         1,850   

Fixed assets and leasehold improvements (1)

      3,008         1,232   

Other

      4,935         10,748   
  

 

 

     

 

 

  

Total Other Assets

 $ 113,896    $ 53,640   
  

 

 

     

 

 

  

 

(1) Fixed assets have a basis of $5 million and accumulated depreciation of $3 million.
Summary of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities at December 31, 2014 and 2013 are summarized in the following table.

 

(In Thousands)

    December 31, 2014      December 31, 2013  

Accrued compensation

    $ 19,273       $ 22,160   

Guarantee obligation

      7,201         —     

Derivative margin payable

      6,455         4,700   

Residential repurchase reserve

      3,724         1,771   

Accrued operating expenses

      2,758         4,291   

Legal reserve

      2,000         12,000   

Income tax payable

      —           1,337   

Other

      10,833         2,445   
  

 

 

     

 

 

  

Total Other Liabilities

 $ 52,244    $ 48,704