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Net Interest Income (Tables) | 3 Months Ended
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Mar. 31, 2022
Banking and Thrift, Interest [Abstract] |
Components of Interest Income and Interest Expense | The following table presents interest expense from the Convertible Notes for the three months ended March 31, 2022 and 2021, respectively (dollar amounts in thousands):
|  | For the Three Months Ended March 31, |  |
|  | 2022 |  | 2021 |  |  |  |
Contractual interest expense |  | $ | 335 |  |  | $ | 2,156 |  |  |  |  |
Amortization of underwriter's discount and deferred charges |  | 103 |  |  | 628 |  |  |  |  |
Total |  | $ | 438 |  |  | $ | 2,784 |  |  |  |  |
The following table details the components of the Company's interest income and interest expense for the three months ended March 31, 2022 and 2021, respectively (dollar amounts in thousands):
| For the Three Months Ended March 31,
| 2022 |  | 2021
Interest income |  |  |
Residential loans |  |  |
Residential loans | $ | 24,834 |  |  | $ | 19,662 |
Consolidated SLST | 9,380 |  |  | 10,318 |
Residential loans held in securitization trusts | 16,633 |  |  | 7,968 |
Total residential loans | 50,847 |  |  | 37,948 |
Multi-family loans | 2,951 |  |  | 4,401 |
Investment securities available for sale | 4,675 |  |  | 7,675 |
Other | 28 |  |  | 15 |
Total interest income | 58,501 |  |  | 50,039 |
Interest expense |  |  |
Repurchase agreements | 5,531 |  |  | 4,040 |
Collateralized debt obligations |  |  |
Consolidated SLST | 5,978 |  |  | 7,104 |
Residential loan securitizations | 7,456 |  |  | 4,720 |
Non-Agency RMBS re-securitization | — |  |  | 283 |
Total collateralized debt obligations | 13,434 |  |  | 12,107 |
Convertible notes | 438 |  |  | 2,784 |
Senior unsecured notes | 1,603 |  |  | — |
Subordinated debentures | 459 |  |  | 457 |
Mortgages payable on real estate | 7,157 |  |  | 311 |
Total interest expense | 28,622 |  |  | 19,699 |
Net interest income | $ | 29,879 |  |  | $ | 30,340 |

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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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