Interest Income and Interest Expense (Tables)

12 Months Ended

Dec. 31, 2023

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):

	Year Ended December 31,
	2023		2022		2021
Interest income:
Loans held for investment, net	$	1,253,008	$	752,273	$	378,086
Investment securities		467,199		247,755		129,858
Interest-bearing cash and federal funds sold		123,363		29,996		3,794
Margin balances		61,138		43,751		25,780
Financial instruments owned		16,726		20,545		15,041
Other		34,311		4,795		(4,159	)
	$	1,955,745	$	1,099,115	$	548,400
Interest expense:
Bank deposits	$	724,857	$	146,636	$	4,510
Senior notes		50,025		44,424		47,500
Other		35,454		10,327		(6,012	)
	$	810,336	$	201,387	$	45,998