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Interest Income and Interest Expense (Tables) | 12 Months Ended
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Dec. 31, 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):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Interest income: |  |  |  |  |  |  |  |  |
Loans held for investment, net |  | $ | 1,250,048 |  |  | $ | 1,253,008 |  |  | $ | 752,273 |
Investment securities |  |  | 484,134 |  |  |  | 467,199 |  |  |  | 247,755 |
Interest-bearing cash and federal funds sold |  |  | 164,110 |  |  |  | 123,363 |  |  |  | 29,996 |
Margin balances |  |  | 55,156 |  |  |  | 61,138 |  |  |  | 43,751 |
Financial instruments owned |  |  | 25,001 |  |  |  | 16,726 |  |  |  | 20,545 |
Other |  |  | 38,015 |  |  |  | 34,311 |  |  |  | 4,795 |
|  | $ | 2,016,464 |  |  | $ | 1,955,745 |  |  | $ | 1,099,115 |
Interest expense: |  |  |  |  |  |  |  |  |
Bank deposits |  | $ | 888,453 |  |  | $ | 724,857 |  |  | $ | 146,636 |
Senior notes |  |  | 40,349 |  |  |  | 50,025 |  |  |  | 44,424 |
Other |  |  | 52,564 |  |  |  | 35,454 |  |  |  | 10,327 |
|  | $ | 981,366 |  |  | $ | 810,336 |  |  | $ | 201,387 |

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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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