Other Assets and Liabilities

12 Months Ended

Dec. 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):

	December 31, 2019		December 31, 2018
Debt securities held-to-maturity(1)	$	86,638	$	96,167
Accrued interest receivable		66,649		56,679
Loan portfolio payments held by servicer(2)		49,584		6,133
Collateral deposited under derivative agreements		30,800		—
Derivative assets		1,079		9,916
Prepaid expenses		739		647
Prepaid taxes		376		6
Other		1,115		965
Total	$	236,980	$	170,513

(1) Represents the subordinate risk retention interest in the 2018 Single Asset Securitization, which held aggregate loan assets of $930.0 million and $1.0 billion as of December 31, 2019 and December 31, 2018, respectively, 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 16 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):

	December 31, 2019		December 31, 2018
Accrued dividends payable	$	83,702	$	76,530
Derivative liabilities		42,263		2,925
Accrued interest payable		24,831		25,588
Accrued management and incentive fees payable		20,159		18,586
Accounts payable and other liabilities		5,008		4,583
Total	$	175,963	$	128,212