Other assets and other liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Other assets and other liabilities

Schedule of other assets and other liabilities

(In Thousands)	June 30, 2020		December 31, 2019
Other assets:
Deferred tax asset	$	31,803	$	31,803
Tax receivable		8,827		4,019
Deferred loan exit fees		13,942		13,039
Accrued interest		9,332		10,583
Goodwill		11,206		11,206
Due from servicers		3,612		10,127
Right-of-use lease asset		4,263		4,531
Intangible assets		7,647		8,309
Deferred financing costs		1,900		2,046
Other assets		11,169		11,262
Total other assets	$	103,701	$	106,925
Accounts payable and other accrued liabilities:
Deferred tax liability	$	18,757	$	18,757
Accrued salaries, wages and commissions		27,863		21,146
Accrued interest payable		19,476		17,305
Servicing principal and interest payable		33,635		14,145
Repair and denial reserve		7,947		5,179
Payable to related parties		6,183		2,697
Accrued professional fees		1,114		1,809
Lease payable		4,347		4,618
Accrued PPP related costs		5,077		—
Payable to third parties		15,000		—
Deferred PPP loan revenue		14,493		—
Other liabilities		12,282		11,751
Total accounts payable and other accrued liabilities	$	166,174	$	97,407

Schedule of Intangible assets

(In Thousands)	June 30, 2020		December 31, 2019		Estimated Useful Life
Internally developed software - Knight Capital	$	3,378	$	3,694	6 years
Broker network - Knight Capital		1,022		1,156	4.5 years
SBA license		1,000		1,000	Indefinite life
Favorable lease		836		905	12 years
Trade name - Knight Capital		782		855	6 years
Trade name - GMFS		629		699	15 years
Total Intangible Assets	$	7,647	$	8,309

Schedule of accumulated amortization for finite-lived intangible assets

(In Thousands)	June 30, 2020
Favorable lease	$	643
Trade name - GMFS		594
Internally developed software - Knight Capital		422
Broker network - Knight Capital		178
Trade name - Knight Capital		98
Total Accumulated Amortization	$	1,935

Amortization expense related to the intangible assets

(In Thousands)	June 30, 2020
2020	$	661
2021		1,295
2022		1,268
2023		1,242
2024		1,210
Thereafter		971
Total	$	6,647