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Net Interest Income (Tables) | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2021 and 2020, respectively (dollar amounts in thousands):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Interest income |  |  |  |  |  |  |
Residential loans |  |  |  |  |  |  |
Residential loans | $ | 20,155 |  |  | $ | 17,471 |  |  | $ | 39,816 |  |  | $ | 39,153 |
Consolidated SLST | 10,479 |  |  | 11,522 |  |  | 20,797 |  |  | 23,646 |
Residential loans held in securitization trusts | 9,933 |  |  | 427 |  |  | 17,901 |  |  | 921 |
Total residential loans | 40,567 |  |  | 29,420 |  |  | 78,514 |  |  | 63,720 |
Multi-family loans |  |  |  |  |  |  |
Preferred equity and mezzanine loan investments | 4,130 |  |  | 5,202 |  |  | 8,531 |  |  | 10,575 |
Consolidated K-Series | — |  |  | — |  |  | — |  |  | 151,841 |
Total multi-family loans | 4,130 |  |  | 5,202 |  |  | 8,531 |  |  | 162,416 |
Investment securities available for sale | 7,475 |  |  | 13,269 |  |  | 15,150 |  |  | 32,026 |
Other | 14 |  |  | 79 |  |  | 30 |  |  | 421 |
Total interest income | 52,186 |  |  | 47,970 |  |  | 102,225 |  |  | 258,583 |
Interest expense |  |  |  |  |  |  |
Repurchase agreements | 3,733 |  |  | 7,366 |  |  | 7,773 |  |  | 28,112 |
Collateralized debt obligations |  |  |  |  |  |  |
Consolidated SLST | 7,151 |  |  | 8,158 |  |  | 14,254 |  |  | 16,693 |
Consolidated K-Series | — |  |  | — |  |  | — |  |  | 129,762 |
Residential loan securitizations | 5,015 |  |  | 130 |  |  | 9,735 |  |  | 367 |
Non-Agency RMBS re-securitization | — |  |  | 469 |  |  | 283 |  |  | 469 |
Total collateralized debt obligations | 12,166 |  |  | 8,757 |  |  | 24,272 |  |  | 147,291 |
Convertible notes | 2,788 |  |  | 2,739 |  |  | 5,572 |  |  | 5,474 |
Senior unsecured notes | 1,136 |  |  | — |  |  | 1,136 |  |  | — |
Subordinated debentures | 459 |  |  | 582 |  |  | 916 |  |  | 1,231 |
Derivatives | — |  |  | — |  |  | — |  |  | 868 |
Other | 429 |  |  | — |  |  | 741 |  |  | — |
Total interest expense | 20,711 |  |  | 19,444 |  |  | 40,410 |  |  | 182,976 |
Net interest income | $ | 31,475 |  |  | $ | 28,526 |  |  | $ | 61,815 |  |  | $ | 75,607 |

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- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
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