Net Interest Income

9 Months Ended

Sep. 30, 2023

Banking and Thrift, Interest [Abstract]

21. Net Interest Income

The following table details the components of the Company's interest income and interest expense for the three and nine months ended September 30, 2023 and 2022, respectively (dollar amounts in thousands):


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