XML 109 R99.htm IDEA: XBRL DOCUMENT v3.22.2.2
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