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Interest Income And Interest Expense
 9 Months Ended
Sep. 30, 2016
Banking And Thrift Interest [Abstract]  
Interest Income And Interest Expense

NOTE 17 – 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,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank loans, net

 

$

35,484

 

 

$

20,705

 

 

$

91,517

 

 

$

60,460

 

Investment securities

 

 

27,161

 

 

 

10,641

 

 

 

73,968

 

 

 

38,674

 

Margin balances

 

 

7,438

 

 

 

6,183

 

 

 

24,135

 

 

 

15,668

 

Other

 

 

4,798

 

 

 

5,847

 

 

 

13,868

 

 

 

15,162

 

 

 

$

74,881

 

 

$

43,376

 

 

$

203,488

 

 

$

129,964

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior notes

 

$

12,164

 

 

$

5,408

 

 

$

28,518

 

 

$

19,364

 

Bank deposits

 

 

3,628

 

 

 

1,783

 

 

 

10,763

 

 

 

5,945

 

Other

 

 

3,591

 

 

 

2,605

 

 

 

11,475

 

 

 

7,605

 

 

 

$

19,383

 

 

$

9,796

 

 

$

50,756

 

 

$

32,914

 

 

(1)

Includes $3.0 million related to the write-off of debt issuance costs as a result of the redemption of the Company’s $150.0 million 5.375% senior notes in July 2016.