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v3.22.2

Other income and operating expenses - Income and Expenses Related to Activities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Other income |  |  |  |
LSP origination fees | $ 2,725 | $ 1,890 | $ 4,379 | $ 3,503
Interest income | 153,671 | 103,047 | 278,076 | 176,418
Interest and Fee Income | 143,320 | 94,135 | 261,020 | 161,644
Other operating expenses |  |  |  |
Direct operating expenses | 2,168 | 7,883 | 7,102 | 16,028
R&D reserve | 1,305 | (4,084) | 3,498 | (6,153)
Interest expense | 80,827 | 55,415 | 141,844 | 106,176
Total other operating expenses | 14,372 | 17,190 | 27,025 | 32,674
Net income | 58,965 | 30,904 | 123,228 | 59,851
Paycheck Protection Program loans |  |  |  |
Other income |  |  |  |
Interest and Fee Income | 26,711 | 29,472 | 45,850 | 43,105
Other operating expenses |  |  |  |
Repair and denial expense |  | 3,733 |  | 5,389
Total other operating expenses | 650 | 16,167 | 1,488 | 26,229
Net income | 26,061 | 13,305 | 44,362 | 16,876
Paycheck Protection Program loans | Other Income |  |  |  |
Other income |  |  |  |
Repair and denial reserve | 2,156 |  | 4,400 |
Paycheck Protection Program loans | Servicing income |  |  |  |
Other income |  |  |  |
LSP fee income | 5,273 | 3,117 | 5,310 | 9,858
Paycheck Protection Program loans | Interest income |  |  |  |
Other income |  |  |  |
Interest income | 19,282 | 26,355 | 36,140 | 33,247
Paycheck Protection Program loans | Other operating expenses |  |  |  |
Other operating expenses |  |  |  |
Direct operating expenses | 191 | 3,673 | 341 | 8,218
Paycheck Protection Program loans | Interest expense |  |  |  |
Other operating expenses |  |  |  |
Interest expense | $ 459 | $ 8,761 | $ 1,147 | $ 12,622

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