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Other Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2020
Summary of Components of Other Assets
The following table details the components of our other assets ($ in thousands):
 
  June 30, 2020  
 
  
  December 31, 2019  
 
Loan portfolio payments held by servicer
(1)
   $
81,261
    $
49,584
 
Debt securities
held-to-maturity
(2)
    
79,955
     
86,638
 
CECL reserve
   
(4,119
 )    
—  
  
                 
Debt securities
held-to-maturity,
net
    
75,836
     
86,638
 
Accrued interest receivable
   
60,792
     
66,649
 
Collateral deposited under derivative agreements
   
22,180
     
30,800
 
Prepaid taxes
   
376
     
376
 
Prepaid expenses
   
328
     
739
 
Derivative assets
   
327
     
1,079
 
Other
   
834
     
1,115
 
                 
Total
  $
241,934
    $
236,980
 
                 
                        
  
      
 
      
(1)  
 
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.
(2)
 
Represents the subordinate position we own in the 2018
Single Asset Securitization, which held aggregate loan assets of $857.3 million and $930.0 million as of June 30, 2020 and December 31, 2019, respectively, with a yield to
full maturity of L+10.0% and a maximum maturity date of June 9, 2025, assuming all extension options are exercised by the borrower. Refer to Note 15 for additional discussion.
Schedule Of Current Expected Credit Loss Reserve By Pool The following table presents the activity in our loans receivable CECL reserve by investment pool for the
three and
six months ended June 30, 2020 ($ in thousands):
 
U.S. Loans
 
  
Non-U.S.
 Loans
 
  
Unique Loans
 
  
Impaired Loans
 
  
Total
 
Loans Receivable, Net
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
CECL reserve as of December 31, 2019
  $
—  
     $
—  
     $
—  
     $
—  
     $
—  
  
Initial CECL reserve on January 1, 2020
   
8,955
     
3,631
     
1,356
     
—  
      
13,942
 
Increase in CECL reserve
   
52,449
     
16,114
     
25,884
     
69,661
     
164,108
 
                                         
CECL reserve as of June 30, 2020
  $
61,404
    $
19,745
    $
27,240
    $
69,661
    $
178,050
 
                                         
CECL reserve as of March 31, 2020
  $
64,861
    $
21,825
    $
26,008
    $
—  
     $
112,694
 
(Decrease) increase in CECL reserve
   
(3,457
 )    
(2,080
 )    
1,232
     
69,661
     
65,356
 
                                         
CECL reserve as of June 30, 2020
  $
61,404
    $
19,745
    $
27,240
    $
69,661
    $
178,050
 
                                         
Summary of Components of Other Liabilities
The following table details the components of our other liabilities ($ in thousands):
 
  June 30, 2020  
 
  
  December 31, 2019  
 
Accrued dividends payable
  $
90,642
    $
83,702
 
Derivative liabilities
   
26,164
     
42,263
 
Accrued interest payable
   
20,895
     
24,831
 
Accrued management and incentive fees payable
   
20,496
     
20,159
 
Current expected credit loss reserve for unfunded loan commitments
(1)
    
15,002
     
—  
  
Accounts payable and other liabilities
   
4,114
     
5,008
 
                 
Total
  $
177,313
    $
175,963
 
                 
                        
  
      
 
      
(1)  
 
Represents the CECL reserve related to our unfunded loan commitments. See Note 2 for further discussion of the CECL reserve.
Schedule of Unfunded Loan Commitments Reserve The following table presents the activity in the CECL reserve related to our unfunded loan commitments by investment pool for the three and six months ended June 30, 2020 ($ in thousands):
 
U.S. Loans
 
  
Non-U.S.
 Loans
 
  
Unique Loans
 
  
Impaired Loans
 
  
Total
 
Unfunded Loan Commitments
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
CECL reserve as of December 31, 2019
  $
—  
     $
—  
     $
 —  
     $
—  
     $
—  
  
Initial CECL reserve on January 1, 2020
   
2,801
     
453
     
9
     
—  
      
3,263
 
Increase in CECL reserve
   
10,035
     
1,625
     
79
     
—  
      
11,739
 
                                         
CECL reserve as of June 30, 2020
  $
12,836
    $
2,078
    $
88
    $
—  
     $
15,002
 
                                         
CECL reserve as of March 31, 2020
  $
19,793
    $
2,672
    $
71
    $
—  
     $
22,536
 
(Decrease) increase in CECL reserve
   
(6,957
 )    
(594
 )    
17
     
—  
      
(7,534
 )
                                         
CECL reserve as of June 30, 2020
  $
12,836
    $
2,078
    $
88
    $
—  
     $
15,002
 
                                         
Held To Maturity Debt Securities [Member]  
Schedule Of Current Expected Credit Loss Reserve By Pool The following table presents the activity in our debt securities CECL reserve by investment pool for the
three and
six months ended June 30, 2020 ($ in thousands):
 
U.S. Loans
 
  
Non-U.S.
 Loans
 
  
Unique Loans
 
  
Impaired Loans
 
  
Total
 
Debt Securities
Held-To-Maturity
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
CECL reserve as of December 31, 2019
  $
—  
     $
—  
     $
—  
     $
—  
     $
—  
  
Initial CECL reserve on January 1, 2020
   
445
     
—  
      
—  
      
—  
      
445
 
Increase in CECL reserve
   
3,674
     
—  
      
—  
      
—  
      
3,674
 
                                         
CECL reserve as of June 30, 2020
  $
4,119
    $
—  
     $
—  
     $
—  
     $
4,119
 
                                         
CECL reserve as of March 31, 2020
  $
5,122
    $
—  
     $
—  
     $
—  
     $
5,122
 
Decrease in CECL reserve
   
(1,003
 )    
—  
      
—  
      
     
(1,003
 )
                                         
CECL reserve as of June 30, 2020
  $
4,119
    $
—  
     $
—  
     $
—  
     $
4,119