Interest Income and Interest Expense

6 Months Ended

Jun. 30, 2022

Banking and Thrift, Interest [Abstract]

Interest Income and Interest Expense

NOTE 18 – Interest Income and Interest Expense

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022			2021
Interest income:
Loans held for investment, net	$	150,351	$	92,379	$	271,688		$	179,618
Investment securities		46,046		31,539		80,308			61,491
Margin balances		8,732		6,286		15,644			12,377
Financial instruments owned		4,057		2,543		9,477			5,438
Other		3,568		844		1,072			2,207
	$	212,754	$	133,591	$	378,189		$	261,131
Interest expense:
Senior notes	$	11,274	$	11,971	$	22,699		$	24,074
Bank deposits		3,599		1,214		4,528			2,497
Other		2,461		993		(436	)		2,047
	$	17,334	$	14,178	$	26,791		$	28,618