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Interest Income and Interest Expense (Tables)
3 Months Ended
Mar. 31, 2022
Banking And Thrift Interest [Abstract]  
Components Of Interest Income And Interest Expense

The components of interest income and interest expense are as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Interest income:

 

 

 

 

 

 

Loans held for investment, net

 

$

121,337

 

 

$

87,239

 

Investment securities

 

 

34,262

 

 

 

29,952

 

Margin balances

 

 

6,912

 

 

 

6,091

 

Financial instruments owned

 

 

5,420

 

 

 

2,895

 

Other

 

 

(2,496

)

 

 

1,363

 

 

 

$

165,435

 

 

$

127,540

 

Interest expense:

 

 

 

 

 

 

Senior notes

 

$

11,425

 

 

$

12,103

 

Bank deposits

 

 

929

 

 

 

1,283

 

Other

 

 

(2,897

)

 

 

1,054

 

 

 

$

9,457

 

 

$

14,440