Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 118

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 118
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Balance at end of period$21,003 The following table presents the components of servicing fee income recognized during the year ended December 31, 2024 (dollar amounts in thousands).  Servicing fee income is included in other income (loss) on the accompanying consolidated statements of operations.Year Ended December 31, 2024Servicing fees$516 Prepayment fees352 Ancillary and other fee income (1)38 Servicing fee income$906 (1)Includes default interest and late fee collections.The Company recognized subservicing fee expenses in the amount of $0.1 million related to MSRs during the year ended December 31, 2024, which is included in portfolio operating expenses on the accompanying consolidated statements of operations.

F-53

12.      Other Assets and Other LiabilitiesOther AssetsThe following table presents the components of the Company's other assets as of December 31, 2024 and 2023, respectively (dollar amounts in thousands): December 31, 2024December 31, 2023Restricted cash (1)$161,602 $143,535 Accrued interest receivable62,075 37,312 Collections receivable from residential loan servicers50,294 14,956 Real estate owned47,651 34,353 Other receivables27,776 11,445 Mortgage servicing rights21,003 — Recoverable advances on residential loans17,391 18,328 Other assets in consolidated multi-family properties16,640 28,923 Receivables from derivative counterparties11,059 1,148 Deferred tax assets10,864 4,510 Operating lease right-of-use assets5,460 6,581 Derivative assets (2)56 6,510 Lease intangibles, net in consolidated multi-family properties— 2,378 Other6,003 5,378   Total$437,874 $315,357 (1)Restricted cash represents cash held by third parties, initial margin for derivative contracts and cash held by the Company's securitization trusts.(2)Includes derivative assets held in Consolidated Real Estate VIEs.Other LiabilitiesThe following table presents the components of the Company's other liabilities as of December 31, 2024 and 2023, respectively (dollar amounts in thousands):December 31, 2024December 31,