Interest Income and Interest Expense

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
Interest income:
Loans held for investment, net	$	306,142	$	295,052
Investment securities		118,535		108,327
Interest-bearing cash and federal funds sold		54,341		22,725
Margin balances		14,204		14,871
Financial instruments owned		4,860		3,721
Other		8,746		6,868
	$	506,828	$	451,564
Interest expense:
Bank deposits	$	230,064	$	137,288
Senior notes		12,506		12,506
Other		12,085		5,204
	$	254,655	$	154,998