XML 62 R48.htm IDEA: XBRL DOCUMENT
v3.23.1

Net Interest Income (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Banking and Thrift, Interest [Abstract] |
Schedule of 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 (dollar amounts in thousands):
|  | For the Three Months Ended March 31, 2022 |  |
Contractual interest expense |  | $ | 335 |  |  |  |  |
Amortization of underwriter's discount and deferred charges |  | 103 |  |  |  |  |
Total |  | $ | 438 |  |  |  |  |
The following table details the components of the Company's interest income and interest expense for the three months ended March 31, 2023 and 2022, respectively (dollar amounts in thousands):
| For the Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Interest income |  |  |  |  |  |  |
Residential loans |  |  |  |  |  |  |
Residential loans | $ | 16,954 |  |  | $ | 24,834 |  |  |  |  |
Consolidated SLST | 8,733 |  |  | 9,380 |  |  |  |  |
Residential loans held in securitization trusts | 24,721 |  |  | 16,633 |  |  |  |  |
Total residential loans | 50,408 |  |  | 50,847 |  |  |  |  |
Multi-family loans | 2,436 |  |  | 2,951 |  |  |  |  |
Investment securities available for sale | 3,169 |  |  | 4,675 |  |  |  |  |
Other | 1,123 |  |  | 28 |  |  |  |  |
Total interest income | 57,136 |  |  | 58,501 |  |  |  |  |
Interest expense |  |  | . |  |  |  |
Repurchase agreements | 13,068 |  |  | 5,531 |  |  |  |  |
Collateralized debt obligations |  |  |  |  |  |  |
Consolidated SLST | 6,315 |  |  | 5,978 |  |  |  |  |
Residential loan securitizations | 17,376 |  |  | 7,456 |  |  |  |  |
Total collateralized debt obligations | 23,691 |  |  | 13,434 |  |  |  |  |
Convertible notes | — |  |  | 438 |  |  |  |  |
Senior unsecured notes | 1,614 |  |  | 1,603 |  |  |  |  |
Subordinated debentures | 962 |  |  | 459 |  |  |  |  |
Total interest expense | 39,335 |  |  | 21,465 |  |  |  |  |
Net interest income | $ | 17,801 |  |  | $ | 37,036 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_BankingAndThriftInterestAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration