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Interest Income and Interest Expense (Tables) | 6 Months Ended
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Jun. 30, 2024
Banking and Thrift, Interest [Abstract] |
Components of 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, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Interest income: |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, net |  | $ | 311,079 |  |  | $ | 313,034 |  |  | $ | 617,221 |  |  | $ | 608,086 |
Investment securities |  |  | 117,858 |  |  |  | 116,204 |  |  |  | 236,393 |  |  |  | 224,531 |
Interest-bearing cash and federal funds sold |  |  | 37,817 |  |  |  | 24,995 |  |  |  | 92,158 |  |  |  | 47,720 |
Margin balances |  |  | 13,956 |  |  |  | 15,352 |  |  |  | 28,160 |  |  |  | 30,223 |
Financial instruments owned |  |  | 6,345 |  |  |  | 4,631 |  |  |  | 11,205 |  |  |  | 8,352 |
Other |  |  | 11,097 |  |  |  | 8,554 |  |  |  | 19,843 |  |  |  | 15,422 |
|  | $ | 498,152 |  |  | $ | 482,770 |  |  | $ | 1,004,980 |  |  | $ | 934,334 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Bank deposits |  | $ | 220,287 |  |  | $ | 171,362 |  |  | $ | 450,351 |  |  | $ | 308,650 |
Senior notes |  |  | 12,507 |  |  |  | 12,506 |  |  |  | 25,013 |  |  |  | 25,012 |
Other |  |  | 14,535 |  |  |  | 7,222 |  |  |  | 26,620 |  |  |  | 12,426 |
|  | $ | 247,329 |  |  | $ | 191,090 |  |  | $ | 501,984 |  |  | $ | 346,088 |

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- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
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