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Net Interest Income | 12 Months Ended
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Dec. 31, 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 years ended December 31, 2021, 2020 and 2019, respectively (dollar amounts in thousands):
| For the Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Interest income |  |  |  |  |
Residential loans |  |  |  |  |
Residential loans | $ | 83,852 |  |  | $ | 69,170 |  |  | $ | 63,031 |
Consolidated SLST | 40,944 |  |  | 45,194 |  |  | 4,764 |
Residential loans held in securitization trusts | 38,941 |  |  | 12,612 |  |  | 3,222 |
Total residential loans | 163,737 |  |  | 126,976 |  |  | 71,017 |
Multi-family loans |  |  |  |  |
Preferred equity and mezzanine loan investments | 15,321 |  |  | 20,899 |  |  | 20,899 |
Consolidated K-Series | — |  |  | 151,841 |  |  | 535,226 |
Total multi-family loans | 15,321 |  |  | 172,740 |  |  | 556,125 |
Investment securities available for sale | 27,750 |  |  | 49,925 |  |  | 65,486 |
Other | 58 |  |  | 520 |  |  | 1,986 |
Total interest income | 206,866 |  |  | 350,161 |  |  | 694,614 |
Interest expense |  |  |  |  |
Repurchase agreements | 13,844 |  |  | 37,334 |  |  | 90,110 |
Collateralized debt obligations |  |  |  |  |
Consolidated SLST | 28,135 |  |  | 31,663 |  |  | 2,945 |
Consolidated K-Series | — |  |  | 129,762 |  |  | 457,130 |
Residential loan securitizations | 19,660 |  |  | 6,967 |  |  | 1,682 |
Non-Agency RMBS and CMBS re-securitizations | 283 |  |  | 3,290 |  |  | 494 |
Total collateralized debt obligations | 48,078 |  |  | 171,682 |  |  | 462,251 |
Convertible debt | 11,196 |  |  | 10,997 |  |  | 10,813 |
Senior unsecured notes | 4,335 |  |  | — |  |  | — |
Subordinated debentures | 1,831 |  |  | 2,187 |  |  | 2,865 |
Derivatives | — |  |  | 868 |  |  | 711 |
Mortgages payable on operating real estate | 3,964 |  |  | — |  |  | — |
Total interest expense | 83,248 |  |  | 223,068 |  |  | 566,750 |
Net interest income | $ | 123,618 |  |  | $ | 127,093 |  |  | $ | 127,864 |

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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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