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Net Interest Income | 9 Months Ended
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Sep. 30, 2021
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 three and nine months ended September 30, 2021 and 2020, respectively (dollar amounts in thousands):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Interest income |  |  |  |  |  |  |
Residential loans |  |  |  |  |  |  |
Residential loans | $ | 20,480 |  |  | $ | 16,006 |  |  | $ | 60,295 |  |  | $ | 55,157 |
Consolidated SLST | 10,245 |  |  | 10,896 |  |  | 31,042 |  |  | 34,542 |
Residential loans held in securitization trusts | 11,008 |  |  | 3,802 |  |  | 28,909 |  |  | 4,725 |
Total residential loans | 41,733 |  |  | 30,704 |  |  | 120,246 |  |  | 94,424 |
Multi-family loans |  |  |  |  |  |  |
Preferred equity and mezzanine loan investments | 3,449 |  |  | 5,300 |  |  | 11,980 |  |  | 15,875 |
Consolidated K-Series | — |  |  | — |  |  | — |  |  | 151,841 |
Total multi-family loans | 3,449 |  |  | 5,300 |  |  | 11,980 |  |  | 167,716 |
Investment securities available for sale | 7,129 |  |  | 9,282 |  |  | 22,279 |  |  | 41,309 |
Other | 12 |  |  | 72 |  |  | 43 |  |  | 492 |
Total interest income | 52,323 |  |  | 45,358 |  |  | 154,548 |  |  | 303,941 |
Interest expense |  |  |  |  |  |  |
Repurchase agreements | 3,110 |  |  | 5,341 |  |  | 10,884 |  |  | 33,453 |
Collateralized debt obligations |  |  |  |  |  |  |
Consolidated SLST | 7,116 |  |  | 7,562 |  |  | 21,371 |  |  | 24,255 |
Consolidated K-Series | — |  |  | — |  |  | — |  |  | 129,762 |
Residential loan securitizations | 5,053 |  |  | 2,160 |  |  | 14,788 |  |  | 2,527 |
Non-Agency RMBS re-securitization | — |  |  | 1,524 |  |  | 283 |  |  | 1,994 |
Total collateralized debt obligations | 12,169 |  |  | 11,246 |  |  | 36,442 |  |  | 158,538 |
Convertible notes | 2,810 |  |  | 2,759 |  |  | 8,382 |  |  | 8,234 |
Senior unsecured notes | 1,598 |  |  | — |  |  | 2,734 |  |  | — |
Subordinated debentures | 458 |  |  | 483 |  |  | 1,374 |  |  | 1,714 |
Derivatives | — |  |  | — |  |  | — |  |  | 868 |
Mortgages payable on operating real estate | 1,147 |  |  | — |  |  | 1,886 |  |  | — |
Total interest expense | 21,292 |  |  | 19,829 |  |  | 61,702 |  |  | 202,807 |
Net interest income | $ | 31,031 |  |  | $ | 25,529 |  |  | $ | 92,846 |  |  | $ | 101,134 |

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- References No definition available. + Details
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- Definition The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-12) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
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