Other Assets and Liabilities

3 Months Ended

Mar. 31, 2019

Text Block [Abstract]

Other Assets and Liabilities

4. OTHER ASSETS AND LIABILITIES

The following table details the components of our other assets ($ in thousands):

	March 31, 2019		December 31,  2018
Debt securities held-to-maturity (1)	$	95,877	$	96,167
Accrued interest receivable		61,148		56,679
Loan portfolio payments held by servicer (2)		39,784		6,133
Derivative assets		5,384		9,916
Collateral deposited under derivative agreements		5,090		—
Prepaid expenses		512		647
Prepaid taxes		3		6
Other		250		965
Total	$	208,048	$	170,513

(1) Represents the subordinate risk retention interest in the $1.0 billion 2018 Single Asset Securitization, with a yield to full maturity of L+10.0% and a maximum maturity date of June 9, 2025, assuming all extension options are exercised by the borrower. Refer to Note 15 for additional discussion.

(2) Represents loan principal and interest payments held by our third-party loan servicer as of the balance sheet date which were remitted to us during the subsequent remittance cycle.

The following table details the components of our other liabilities ($ in thousands):

	March 31, 2019		December 31, 2018
Accrued dividends payable	$	77,913	$	76,530
Accrued interest payable		28,904		25,588
Accrued management and incentive fees payable		19,790		18,586
Accounts payable and other liabilities		3,950		4,583
Derivative liabilities		1,726		2,925
Total	$	132,283	$	128,212