Other assets and other liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Other assets and other liabilities

Schedule of other assets and other liabilities

(In Thousands)	March 31, 2021		December 31, 2020
Other assets:
Deferred tax asset	$	18,396	$	18,396
Deferred loan exit fees		16,725		13,940
Accrued interest		16,120		12,656
Goodwill		17,817		11,206
Due from servicers		16,487		11,171
Right-of-use lease asset		3,138		3,172
Intangible assets		6,662		6,986
Deferred financing costs		4,611		2,612
PPP fee receivable		31,413		18
Other assets		20,134		9,346
Other assets	$	151,503	$	89,503
Accounts payable and other accrued liabilities:
Deferred tax liability	$	16,839	$	16,839
Accrued salaries, wages and commissions		24,442		35,724
Accrued interest payable		17,250		19,695
Servicing principal and interest payable		10,028		7,318
Repair and denial reserve		11,626		9,557
Payable to related parties		6,769		4,088
Accrued professional fees		5,014		1,365
Lease payable		4,349		3,670
Deferred LSP revenue		3,959		10,700
Accrued PPP related costs		30,620		498
Other liabilities		31,569		26,201
Total accounts payable and other accrued liabilities	$	162,465	$	135,655

Schedule of Intangible assets

(In Thousands)	March 31, 2021		December 31, 2020		Estimated Useful Life
Internally developed software - Knight Capital	$	2,903	$	3,061	6 years
Broker network - Knight Capital		822		889	4.5 years
Trade name - Knight Capital		672		709	6 years
Favorable lease		736		768	12 years
Trade name - GMFS		529		559	15 years
SBA license		1,000		1,000	Indefinite life
Total Intangible Assets	$	6,662	$	6,986

Schedule of accumulated amortization for finite-lived intangible assets

(In Thousands)	March 31, 2021
Favorable lease	$	744
Trade name - GMFS		694
Internally developed software - Knight Capital		897
Broker network - Knight Capital		378
Trade name - Knight Capital		208
Total Accumulated Amortization	$	2,921

Amortization expense related to the intangible assets

(In Thousands)	March 31, 2021
2021	$	971
2022		1,268
2023		1,242
2024		1,032
2025		786
2026		119
Thereafter		244
Total	$	5,662