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Interest Income And Interest Expense
 9 Months Ended
Sep. 30, 2017
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,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank loans, net

 

$

54,006

 

 

$

35,484

 

 

$

147,495

 

 

$

91,517

 

Investment securities

 

 

48,072

 

 

 

27,161

 

 

 

136,123

 

 

 

73,968

 

Margin balances

 

 

9,919

 

 

 

7,438

 

 

 

27,124

 

 

 

24,135

 

Inventory

 

 

4,371

 

 

 

4,895

 

 

 

12,953

 

 

 

13,912

 

Other

 

 

1,494

 

 

 

(97

)

 

 

4,071

 

 

 

(44

)

 

 

$

117,862

 

 

$

74,881

 

 

$

327,766

 

 

$

203,488

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior notes

 

$

8,655

 

 

$

12,164

 

 

$

24,935

 

 

$

28,518

 

Bank deposits

 

 

4,770

 

 

 

1,732

 

 

 

8,424

 

 

 

5,475

 

Federal Home Loan Bank advances

 

 

1,255

 

 

 

1,896

 

 

 

5,771

 

 

 

5,288

 

Other

 

 

2,945

 

 

 

3,591

 

 

 

11,035

 

 

 

11,475

 

 

 

$

17,625

 

 

$

19,383

 

 

$

50,165

 

 

$

50,756