Interest Income and Interest Expense

12 Months Ended

Dec. 31, 2022

Banking and Thrift, Interest [Abstract]

Interest Income and Interest Expense

NOTE 22 – Interest Income and Interest Expense

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

	Year Ended December 31,
	2022		2021			2020
Interest income:
Loans held for investment, net	$	752,273	$	378,086		$	331,813
Investment securities		247,755		129,858			149,915
Margin balances		43,751		25,780			28,155
Financial instruments owned		20,545		15,041			12,594
Other		34,791		(365	)		1,355
	$	1,099,115	$	548,400		$	523,832
Interest expense:
Bank deposits	$	146,636	$	4,510		$	14,550
Senior notes		44,424		47,500			54,063
Other		10,327		(6,012	)		(2,835	)
	$	201,387	$	45,998		$	65,778