XML 75 R58.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information - Financial Information by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Interest income $ 225,417 $ 178,981 $ 430,157 $ 357,497
Interest expense (200,124) (152,885) (380,654) (304,964)
Net interest income (expense) 25,293 26,096 49,503 52,533
Non-interest income (loss)        
Mortgage banking activities, net 18,924 16,552 33,480 33,223
Investment fair value changes, net 1,098 (13,517) 22,935 (17,909)
HEI income, net 15,839 8,921 24,870 13,186
Other income, net 6,293 4,158 10,799 8,714
Realized gains, net 0 1,056 409 1,054
Total non-interest income, net 42,154 17,170 92,493 38,268
General and administrative expenses (33,284) (30,805) (67,853) (66,360)
Portfolio management costs (4,864) (3,100) (8,461) (6,610)
Loan acquisition costs (3,664) (1,444) (5,901) (2,733)
Other expenses (5,177) (4,975) (8,538) (8,659)
(Provision for) benefit from income taxes (4,924) (69) (5,447) 1,054
Net Income 15,534 2,873 45,796 7,493
Non-cash amortization (expense), net (5,823) (7,568) (14,137) (16,465)
Operating Segments | Residential Consumer Mortgage Banking        
Segment Reporting Information [Line Items]        
Interest income 21,097 2,434 35,409 7,944
Interest expense (9,922) (1,700) (18,188) (8,566)
Net interest income (expense) 11,175 734 17,221 (622)
Non-interest income (loss)        
Mortgage banking activities, net 6,245 7,061 14,072 10,426
Investment fair value changes, net 0 0 0 1,076
HEI income, net 0 0 0 0
Other income, net 0 0 0 0
Realized gains, net 0 0 0 0
Total non-interest income, net 6,245 7,061 14,072 11,502
General and administrative expenses (4,957) (3,738) (9,746) (8,544)
Portfolio management costs 0 0 0 0
Loan acquisition costs (980) (149) (1,551) (324)
Other expenses 0 0 0 0
(Provision for) benefit from income taxes (1,560) (707) (3,054) (74)
Net Income 9,923 3,201 16,942 1,938
Non-cash amortization (expense), net (313) (292) (597) (547)
Operating Segments | Residential Investor Mortgage Banking        
Segment Reporting Information [Line Items]        
Interest income 7,008 4,397 10,779 8,891
Interest expense (5,504) (3,673) (8,381) (7,711)
Net interest income (expense) 1,504 724 2,398 1,180
Non-interest income (loss)        
Mortgage banking activities, net 12,679 9,491 19,408 22,797
Investment fair value changes, net 0 0 0 0
HEI income, net 0 0 0 0
Other income, net 1,174 1,076 1,800 3,484
Realized gains, net 0 0 0 0
Total non-interest income, net 13,853 10,567 21,208 26,281
General and administrative expenses (9,677) (11,638) (21,102) (25,316)
Portfolio management costs 0 0 0 0
Loan acquisition costs (2,433) (1,295) (4,097) (2,409)
Other expenses (2,203) (3,107) (5,008) (6,215)
(Provision for) benefit from income taxes (449) 1,406 1,687 2,109
Net Income 595 (3,343) (4,914) (4,370)
Non-cash amortization (expense), net (2,426) (3,333) (5,499) (7,035)
Operating Segments | Investment Portfolio        
Segment Reporting Information [Line Items]        
Interest income 196,742 169,343 381,640 335,546
Interest expense (166,812) (132,514) (322,110) (258,470)
Net interest income (expense) 29,930 36,829 59,530 77,076
Non-interest income (loss)        
Mortgage banking activities, net 0 0 0 0
Investment fair value changes, net 2,548 (10,768) 23,735 (16,141)
HEI income, net 15,839 8,921 24,870 13,186
Other income, net 5,120 4,013 9,945 6,181
Realized gains, net 0 949 314 832
Total non-interest income, net 23,507 3,115 58,864 4,058
General and administrative expenses (641) (1,241) (2,816) (2,650)
Portfolio management costs (4,834) (3,087) (8,422) (6,597)
Loan acquisition costs (244) 0 (244) 0
Other expenses (2,974) (1,868) (3,530) (2,444)
(Provision for) benefit from income taxes (2,914) (1,465) (4,060) (1,678)
Net Income 41,830 32,283 99,322 67,765
Non-cash amortization (expense), net (203) (1,857) (3,220) (4,690)
Corporate/ Other        
Segment Reporting Information [Line Items]        
Interest income 570 2,807 2,329 5,116
Interest expense (17,886) (14,998) (31,975) (30,217)
Net interest income (expense) (17,316) (12,191) (29,646) (25,101)
Non-interest income (loss)        
Mortgage banking activities, net 0 0 0 0
Investment fair value changes, net (1,450) (2,749) (800) (2,844)
HEI income, net 0 0 0 0
Other income, net (1) (931) (946) (951)
Realized gains, net 0 107 95 222
Total non-interest income, net (1,451) (3,573) (1,651) (3,573)
General and administrative expenses (18,009) (14,188) (34,189) (29,850)
Portfolio management costs (30) (13) (39) (13)
Loan acquisition costs (7) 0 (9) 0
Other expenses 0 0 0 0
(Provision for) benefit from income taxes (1) 697 (20) 697
Net Income (36,814) (29,268) (65,554) (57,840)
Non-cash amortization (expense), net $ (2,881) $ (2,086) $ (4,821) $ (4,193)