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v3.22.2.2

Other income and operating expenses - Income and Expenses Related to Activities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Other income |  |  |  |
LSP origination fees | $ 3,660 | $ 2,794 | $ 8,039 | $ 6,297
Interest income | 186,026 | 105,136 | 464,102 | 281,554
Interest and Fee Income | 175,917 | 97,072 | 436,937 | 258,716
Other operating expenses |  |  |  |
Direct operating expenses | 3,288 | 4,041 | 10,390 | 20,069
R&D reserve | 1,864 | 45 | 5,362 | (6,108)
Interest expense | 115,495 | 50,136 | 257,339 | 156,312
Total other operating expenses | 15,396 | 12,926 | 42,421 | 45,600
Net income | 66,253 | 46,535 | 189,481 | 106,386
Paycheck Protection Program loans |  |  |  |
Other income |  |  |  |
Interest and Fee Income | 16,179 | 18,901 | 62,029 | 56,617
Other operating expenses |  |  |  |
Total other operating expenses | 416 | 1,171 | 1,904 | 22,011
Net income | 15,763 | 17,730 | 60,125 | 34,606
Paycheck Protection Program loans | Other Income |  |  |  |
Other income |  |  |  |
Repair and denial reserve | 2,153 | (196) | 6,553 | (5,585)
Paycheck Protection Program loans | Servicing income |  |  |  |
Other income |  |  |  |
LSP fee income | 26 | 417 | 5,336 | 10,275
Paycheck Protection Program loans | Interest income |  |  |  |
Other income |  |  |  |
Interest income | 14,000 | 18,680 | 50,140 | 51,927
Paycheck Protection Program loans | Other operating expenses |  |  |  |
Other operating expenses |  |  |  |
Direct operating expenses | 93 | (25) | 434 | 8,193
Paycheck Protection Program loans | Interest expense |  |  |  |
Other operating expenses |  |  |  |
Interest expense | $ 323 | $ 1,196 | $ 1,470 | $ 13,818

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