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Net Interest Income
 12 Months Ended
Dec. 31, 2020
Banking and Thrift, Interest [Abstract]  
Net Interest Income Net Interest Income
The following table details the components of the Company's interest income and interest expense for the years ended December 31, 2020, 2019 and 2018, respectively (dollar amounts in thousands):
For the Years Ended December 31,
202020192018
Interest income
   Residential loans
Residential loans$69,170 $63,031 $19,659 
Consolidated SLST45,194 4,764 — 
Residential loans held in securitization trusts12,612 3,222 8,910 
   Total residential loans126,976 71,017 28,569 
   Multi-family loans
Preferred equity and mezzanine loan investments20,899 20,899 21,036 
Consolidated K-Series151,841 535,226 358,712 
   Total multi-family loans172,740 556,125 379,748 
Investment securities available for sale49,925 65,486 47,147 
   Other520 1,986 335 
Total interest income350,161 694,614 455,799 
Interest expense
   Repurchase agreements37,334 90,110 43,219 
   Collateralized debt obligations
Consolidated SLST31,663 2,945 — 
Consolidated K-Series129,762 457,130 313,102 
Residential loan securitizations6,967 1,682 3,623 
Non-Agency RMBS and CMBS re-securitizations3,290 494 2,910 
   Total collateralized debt obligations171,682 462,251 319,635 
   Convertible debt10,997 10,813 10,643 
   Subordinated debentures2,187 2,865 2,743 
Derivatives868711831 
Total interest expense223,068 566,750 377,071 
Net interest income$127,093 $127,864 $78,728