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Interest Income and Interest Expense | 9 Months Ended
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Sep. 30, 2023
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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Interest income: |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, net |  | $ | 320,715 |  |  | $ | 208,365 |  |  | $ | 928,801 |  |  | $ | 480,053 |
Investment securities |  |  | 120,670 |  |  |  | 71,420 |  |  |  | 345,201 |  |  |  | 151,728 |
Interest-bearing cash and federal funds sold |  |  | 35,560 |  |  |  | 7,745 |  |  |  | 83,280 |  |  |  | 11,721 |
Margin balances |  |  | 15,651 |  |  |  | 12,510 |  |  |  | 45,874 |  |  |  | 28,154 |
Other |  |  | 12,602 |  |  |  | 4,155 |  |  |  | 36,376 |  |  |  | 10,728 |
|  | $ | 505,198 |  |  | $ | 304,195 |  |  | $ | 1,439,532 |  |  | $ | 682,384 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Bank deposits |  | $ | 198,197 |  |  | $ | 43,371 |  |  | $ | 506,847 |  |  | $ | 47,899 |
Senior notes |  |  | 12,507 |  |  |  | 11,220 |  |  |  | 37,519 |  |  |  | 33,919 |
Other |  |  | 9,832 |  |  |  | 5,165 |  |  |  | 22,258 |  |  |  | 4,729 |
|  | $ | 220,536 |  |  | $ | 59,756 |  |  | $ | 566,624 |  |  | $ | 86,547 |

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- References No definition available. + Details
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- Definition The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 + Details
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