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v3.23.3

Net Interest Income - Schedule of Components of Interest Income and Interest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Interest income | $ 65,195 | $ 68,920 | $ 179,871 | $ 195,441
Interest expense | 48,406 | 38,563 | 130,145 | 88,767
Total net interest income | 16,789 | 30,357 | 49,726 | 106,674
Convertible notes |  |  |  |
Interest expense | 0 | 0 | 0 | 438
Senior unsecured notes |  |  |  |
Senior unsecured notes | 1,620 | 1,608 | 4,852 | 4,818
Subordinated debentures |  |  |  |
Subordinated debentures | 1,078 | 704 | 3,063 | 1,713
Residential loans |  |  |  |
Interest income | 11,574 | 32,374 | 40,817 | 89,875
Consolidated SLST | VIE, Primary Beneficiary |  |  |  |
Interest income | 8,370 | 9,013 | 25,543 | 27,648
Interest expense | 5,957 | 6,611 | 18,238 | 18,796
Residential loans held in securitization trusts |  |  |  |
Interest income | 24,183 | 20,437 | 74,041 | 55,923
Total residential loans |  |  |  |
Interest income | 44,127 | 61,824 | 140,401 | 173,446
Multi-family loans |  |  |  |
Interest income | 2,712 | 2,862 | 7,890 | 8,646
Investment securities available for sale |  |  |  |
Investment securities available for sale | 17,203 | 3,916 | 27,862 | 12,922
Other |  |  |  |
Other | 1,153 | 318 | 3,718 | 427
Repurchase agreements |  |  |  |
Interest expense | 24,169 | 18,448 | 54,084 | 35,625
Residential Loan Securitizations |  |  |  |
Interest expense | 15,582 | 11,192 | 49,908 | 27,377
Total collateralized debt obligations |  |  |  |
Interest expense | $ 21,539 | $ 17,803 | $ 68,146 | $ 46,173

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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 45 -Paragraph 39 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480228/946-830-45-39 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-5) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 + Details
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