XML 140 R126.htm IDEA: XBRL DOCUMENT v3.22.4
Net Interest Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total interest income $ 258,388 $ 206,866 $ 350,161
Derivatives 0 0 868
Total interest expense 129,419 79,284 223,068
Total net interest income 128,969 127,582 127,093
Convertible notes      
Interest expense 438 11,196 10,997
Senior unsecured notes      
Senior unsecured notes 6,430 4,335 0
Subordinated debentures      
Subordinated debentures 2,590 1,831 2,187
Residential loans      
Interest income 113,131 83,852 69,170
Consolidated SLST | VIE, Primary Beneficiary      
Interest income 36,448 40,944 45,194
Interest expense 25,145 28,135 31,663
Residential loans held in securitization trusts      
Interest income 80,119 38,941 12,612
Total residential loans      
Interest income 229,698 163,737 126,976
Preferred equity and mezzanine loan investments      
Interest income 11,185 15,321 20,899
Consolidated K-Series | VIE, Primary Beneficiary      
Interest income 0 0 151,841
Interest expense 0 0 129,762
Total multi-family loans      
Interest income 11,185 15,321 172,740
Investment securities available for sale      
Investment securities available for sale 15,825 27,750 49,925
Other      
Other 1,680 58 520
Repurchase agreements      
Interest expense 51,432 13,844 37,334
Residential loan securitizations      
Interest expense 43,384 19,660 6,967
Non-Agency RMBS re-securitization      
Interest expense 0 283 3,290
Total collateralized debt obligations      
Interest expense $ 68,529 $ 48,078 $ 171,682