Net Interest Income (Tables)

3 Months Ended

Mar. 31, 2021

Banking and Thrift, Interest [Abstract]

Components of Interest Income and Interest Expense

The following table details the components of the Company's interest income and interest expense for the three months ended March 31, 2021 and 2020, respectively (dollar amounts in thousands):


	For the Three Months Ended March 31,
	2021		2020
Interest income
Residential loans
Residential loans	$	19,662	$	21,682
Consolidated SLST	10,318		12,123
Residential loans held in securitization trusts	7,968		495
Total residential loans	37,948		34,300
Multi-family loans
Preferred equity and mezzanine loan investments	4,401		5,373
Consolidated K-Series	—		151,841
Total multi-family loans	4,401		157,214
Investment securities available for sale	7,675		18,756
Other	15		343
Total interest income	50,039		210,613
Interest expense
Repurchase agreements	4,040		20,745
Collateralized debt obligations
Consolidated SLST	7,104		8,535
Consolidated K-Series	—		129,762
Residential loan securitizations	4,720		237
Non-Agency RMBS re-securitization	283		—
Total collateralized debt obligations	12,107		138,534
Convertible debt	2,784		2,735
Subordinated debentures	457		649
Derivatives	—		868
Other	311		—
Total interest expense	19,699		163,531
Net interest income	$	30,340	$	47,082