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Net Interest Income (Tables) | 12 Months Ended
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Dec. 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 years ended December 31, 2022 and 2021, respectively (dollar amounts in thousands):
|  |  |  | For the Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021 |  | 2020
Contractual interest expense |  |  |  |  |  | $ | 335 |  |  | $ | 8,625 |  |  | $ | 8,625 |
Amortization of underwriter's discount and deferred charges |  |  |  |  |  | 103 |  |  | 2,571 |  |  | 2,372 |
Total |  |  |  |  |  | $ | 438 |  |  | $ | 11,196 |  |  | $ | 10,997 |
The following table details the components of the Company's interest income and interest expense for the years ended December 31, 2022, 2021 and 2020, respectively (dollar amounts in thousands):
| For the Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Interest income |  |  |  |  |
Residential loans |  |  |  |  |
Residential loans | $ | 113,131 |  |  | $ | 83,852 |  |  | $ | 69,170 |
Consolidated SLST | 36,448 |  |  | 40,944 |  |  | 45,194 |
Residential loans held in securitization trusts | 80,119 |  |  | 38,941 |  |  | 12,612 |
Total residential loans | 229,698 |  |  | 163,737 |  |  | 126,976 |
Multi-family loans |  |  |  |  |
Preferred equity and mezzanine loan investments | 11,185 |  |  | 15,321 |  |  | 20,899 |
Consolidated K-Series | — |  |  | — |  |  | 151,841 |
Total multi-family loans | 11,185 |  |  | 15,321 |  |  | 172,740 |
Investment securities available for sale | 15,825 |  |  | 27,750 |  |  | 49,925 |
Other | 1,680 |  |  | 58 |  |  | 520 |
Total interest income | 258,388 |  |  | 206,866 |  |  | 350,161 |
Interest expense |  |  |  |  |
Repurchase agreements | 51,432 |  |  | 13,844 |  |  | 37,334 |
Collateralized debt obligations |  |  |  |  |
Consolidated SLST | 25,145 |  |  | 28,135 |  |  | 31,663 |
Consolidated K-Series | — |  |  | — |  |  | 129,762 |
Residential loan securitizations | 43,384 |  |  | 19,660 |  |  | 6,967 |
Non-Agency RMBS re-securitization | — |  |  | 283 |  |  | 3,290 |
Total collateralized debt obligations | 68,529 |  |  | 48,078 |  |  | 171,682 |
Convertible notes | 438 |  |  | 11,196 |  |  | 10,997 |
Senior unsecured notes | 6,430 |  |  | 4,335 |  |  | — |
Subordinated debentures | 2,590 |  |  | 1,831 |  |  | 2,187 |
Derivatives | — |  |  | — |  |  | 868 |
Total interest expense | 129,419 |  |  | 79,284 |  |  | 223,068 |
Net interest income | $ | 128,969 |  |  | $ | 127,582 |  |  | $ | 127,093 |

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