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Interest income and interest expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Interest income |  |  |  |
Total loans | $ 175,917 | $ 97,072 | $ 436,937 | $ 258,716
Total loans, held for sale, at fair value | 4,625 | 4,246 | 13,761 | 10,864
Total Paycheck Protection Program loans | 4,764 |  | 8,983 |
Mortgage backed securities, at fair value | 720 | 3,818 | 4,421 | 11,974
Total interest income | 186,026 | 105,136 | 464,102 | 281,554
Interest expense |  |  |  |
Secured borrowings | (42,124) | (14,048) | (89,894) | (49,687)
Paycheck Protection Program Liquidity Facility borrowings | (323) | (2,258) | (1,470) | (4,137)
Securitized debt obligations of consolidated VIEs | (52,186) | (19,490) | (110,241) | (60,004)
Guaranteed loan financing | (3,798) | (3,472) | (10,069) | (10,595)
Senior secured note | (4,380) | (3,465) | (13,117) | (10,380)
Convertible note | (2,188) | (2,188) | (6,564) | (6,564)
Corporate debt | (10,496) | (5,215) | (25,984) | (14,945)
Total interest expense | (115,495) | (50,136) | (257,339) | (156,312)
Net interest income before provision for loan losses | 70,531 | 55,000 | 206,763 | 125,242
Bridge |  |  |  |
Interest income |  |  |  |
Total loans | 118,755 | 40,602 | 266,234 | 97,891
Fixed rate |  |  |  |
Interest income |  |  |  |
Total loans | 13,473 | 16,431 | 42,412 | 45,119
Total loans, held for sale, at fair value | 2,292 | 786 | 6,585 | 1,356
Freddie Mac |  |  |  |
Interest income |  |  |  |
Total loans, held for sale, at fair value | 230 | 235 | 729 | 997
Construction |  |  |  |
Interest income |  |  |  |
Total loans | 9,942 |  | 18,942 |
SBA 7(a) |  |  |  |
Interest income |  |  |  |
Total loans | 10,604 | 10,059 | 29,725 | 28,377
Paycheck Protection Program loans, held for investment |  |  |  |
Interest income |  |  |  |
Total loans | 14,000 | 18,680 | 50,140 | 51,927
Residential |  |  |  |
Interest income |  |  |  |
Total loans | 53 | 44 | 103 | 166
Total loans, held for sale, at fair value | 2,103 | 3,225 | 6,401 | 8,511
Other |  |  |  |
Interest income |  |  |  |
Total loans | $ 9,090 | $ 11,256 | 29,381 | $ 35,236
Total loans, held for sale, at fair value |  |  | $ 46 |

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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-5) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
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- Definition The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.7) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (b) -Subparagraph (1) Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (a) + Details
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