Interest Income and Interest Expense

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest income:
Loans held for investment, net	$	320,715	$	208,365	$	928,801	$	480,053
Investment securities		120,670		71,420		345,201		151,728
Interest-bearing cash and federal funds sold		35,560		7,745		83,280		11,721
Margin balances		15,651		12,510		45,874		28,154
Other		12,602		4,155		36,376		10,728
	$	505,198	$	304,195	$	1,439,532	$	682,384
Interest expense:
Bank deposits	$	198,197	$	43,371	$	506,847	$	47,899
Senior notes		12,507		11,220		37,519		33,919
Other		9,832		5,165		22,258		4,729
	$	220,536	$	59,756	$	566,624	$	86,547