Interest Income and Interest Expense

6 Months Ended

Jun. 30, 2023

Banking and Thrift, Interest [Abstract]

Interest Income and Interest Expense

NOTE 19 – 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,
	2023		2022		2023		2022
Interest income:
Loans held for investment, net	$	313,034	$	150,351	$	608,086	$	271,688
Investment securities		116,204		46,046		224,531		80,308
Margin balances		15,352		8,732		30,223		15,644
Financial instruments owned		4,631		4,057		8,352		9,477
Other		33,549		3,568		63,142		1,072
	$	482,770	$	212,754	$	934,334	$	378,189
Interest expense:
Bank deposits	$	171,362	$	3,599	$	308,650	$	4,528
Senior notes		12,506		11,274		25,012		22,699
Other		7,222		2,461		12,426		(436	)
	$	191,090	$	17,334	$	346,088	$	26,791