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Interest Income and Interest Expense | 12 Months Ended
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Dec. 31, 2023
Banking and Thrift, Interest [Abstract] |
Interest Income and Interest Expense | NOTE 22 – Interest Incom e and Interest Expense The components of interest income and interest expense are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Interest income: |  |  |  |  |  |  |  |  |
Loans held for investment, net |  | $ | 1,253,008 |  |  | $ | 752,273 |  |  | $ | 378,086 |
Investment securities |  |  | 467,199 |  |  |  | 247,755 |  |  |  | 129,858 |
Interest-bearing cash and federal funds sold |  |  | 123,363 |  |  |  | 29,996 |  |  |  | 3,794 |
Margin balances |  |  | 61,138 |  |  |  | 43,751 |  |  |  | 25,780 |
Financial instruments owned |  |  | 16,726 |  |  |  | 20,545 |  |  |  | 15,041 |
Other |  |  | 34,311 |  |  |  | 4,795 |  |  |  | (4,159 | )
|  | $ | 1,955,745 |  |  | $ | 1,099,115 |  |  | $ | 548,400 |
Interest expense: |  |  |  |  |  |  |  |  |
Bank deposits |  | $ | 724,857 |  |  | $ | 146,636 |  |  | $ | 4,510 |
Senior notes |  |  | 50,025 |  |  |  | 44,424 |  |  |  | 47,500 |
Other |  |  | 35,454 |  |  |  | 10,327 |  |  |  | (6,012 | )
|  | $ | 810,336 |  |  | $ | 201,387 |  |  | $ | 45,998 |

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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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