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Interest Income And Interest Expense
 6 Months Ended
Jun. 30, 2018
Banking And Thrift Interest [Abstract]  
Interest Income And Interest Expense

NOTE 18 – Interest Income and Interest Expense

The components of interest income and interest expense are as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank loans, net

 

$

68,389

 

 

$

48,729

 

 

$

132,024

 

 

$

93,489

 

Investment securities

 

 

63,535

 

 

 

46,385

 

 

 

118,438

 

 

 

88,051

 

Margin balances

 

 

12,306

 

 

 

9,022

 

 

 

23,256

 

 

 

17,205

 

Financial instruments owned

 

 

4,983

 

 

 

4,346

 

 

 

9,912

 

 

 

8,582

 

Other

 

 

5,208

 

 

 

469

 

 

 

8,525

 

 

 

2,577

 

 

 

$

154,421

 

 

$

108,951

 

 

$

292,155

 

 

$

209,904

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior notes

 

$

11,122

 

 

$

8,140

 

 

$

22,240

 

 

$

16,280

 

Bank deposits

 

 

15,343

 

 

 

1,887

 

 

 

23,473

 

 

 

3,654

 

Federal Home Loan Bank advances

 

 

3,095

 

 

 

2,797

 

 

 

6,347

 

 

 

4,516

 

Other

 

 

7,719

 

 

 

3,820

 

 

 

11,672

 

 

 

8,090

 

 

 

$

37,279

 

 

$

16,644

 

 

$

63,732

 

 

$

32,540