Other Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2015

Other assets at September 30, 2015 and December 31, 2014, are summarized in the following table.

Table 11.1 – Components of Other Assets



(In Thousands)	September 30, 2015		December 31, 2014
Margin receivable	$	97,685	$	65,374
FHLBC stock	30,001		10,688
Pledged collateral	28,482		9,927
Investment receivable	11,977		1,103
Income tax receivables	10,879		175
Guarantee asset	5,120		7,201
Fixed assets and leasehold improvements ⁽¹⁾	5,070		3,008
REO	3,902		4,391
Prepaid expenses	3,502		3,372
Deposits	—		5,000
Other	4,978		3,657
Total Other Assets	$	201,596	$	113,896


(1)	Fixed assets and leasehold improvements have a basis of $6 million and accumulated depreciation of $1 million at September 30, 2015.

Accrued expenses and other liabilities at September 30, 2015 and December 31, 2014 are summarized in the following table.

Table 11.2 – Components of Accrued Expenses and Other Liabilities



(In Thousands)	September 30, 2015		December 31, 2014
Accrued compensation	$	15,687	$	19,273
Margin payable	20,529		6,455
Guarantee obligations	13,394		7,201
Current accounts payable	8,341		2,112
Residential loan and MSR repurchase reserve	5,768		3,724
Accrued operating expenses	3,508		3,334
Legal reserve	2,000		2,000
Unsettled trades	1,355		—
Income tax payable	594		—
Other	4,792		8,145
Total Other Liabilities	$	75,968	$	52,244