Other Assets

12 Months Ended

Dec. 31, 2022

Other Asset

Other Assets

Note 11—Other Assets

Other assets are summarized below:

	December 31,
	2022		2021
	(in thousands)
Capitalized software, net	$	157,460	$	109,480
Margin deposits		55,968		100,482
Prepaid expenses		38,780		64,924
Servicing fees receivable, net		31,356		23,672
Furniture, fixtures, equipment and building improvements, net		28,382		31,677
Other servicing receivables		24,854		113,820
Interest receivable		24,110		9,688
Deposits securing Assets sold under agreements to repurchase and Notes payable secured by mortgage servicing assets		12,277		36,632
Real estate acquired in settlement of loans		11,497		7,474
Derivative settlements receivable		1,522		20,026
Other		31,701		98,741
	$	417,907	$	616,616
Other assets pledged to secure:
Assets sold under agreements to repurchase and Notes payable secured by mortgage servicing assets	$	12,277	$	36,632
Obligations under capital lease:
Capitalized software, net		—		4,546
Furniture, fixture, equipment and building improvements, net		—		4,116
	$	12,277	$	45,294

Capitalized software is summarized below:

	December 31,
	2022		2021
	(in thousands)
Cost	$	231,341	$	159,407
Less: Accumulated amortization		(73,881)		(49,927)
	$	157,460	$	109,480

Amortization and impairment expenses relating to capitalized software are summarized below:

	Year ended December 31,
Included in Technology expense	2022		2021		2020
	(in thousands)
Amortization	$	23,955	$	20,206	$	16,641
Impairment	$	—	$	728	$	13,145

Furniture, fixtures, equipment and building improvements are summarized below:

	December 31,
	2022		2021
	(in thousands)
Furniture, fixtures, equipment and building improvements	$	82,721	$	75,562
Less: Accumulated depreciation and amortization		(54,339)		(43,885)
	$	28,382	$	31,677

Depreciation and amortization expenses are summarized below:

	Year ended December 31,
	2022		2021		2020
	(in thousands)
Depreciation and amortization expenses included in Occupancy and equipment	$	10,454	$	8,439	$	8,934