XML 45 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net Interest Income
12 Months Ended
Dec. 31, 2023
Banking and Thrift, Interest [Abstract]  
Net Interest Income
21. Net Interest Income

The following table details the components of the Company's interest income and interest expense for the years ended December 31, 2023, 2022 and 2021, respectively (dollar amounts in thousands):
For the Years Ended December 31,
202320222021
Interest income
Residential loans
Residential loans$54,188 $113,134 $83,852 
Consolidated SLST34,061 36,448 40,944 
Residential loans held in securitization trusts97,492 80,116 38,941 
Total residential loans
185,741 229,698 163,737 
Investment securities available for sale57,514 15,825 27,750 
Multi-family loans
10,519 11,185 15,321 
Other
4,886 1,680 58 
Total interest income258,660 258,388 206,866 
Interest expense
Repurchase agreements
91,814 51,432 13,844 
Collateralized debt obligations
Consolidated SLST24,506 25,145 28,135 
Residential loan securitizations65,184 43,384 19,660 
Non-Agency RMBS re-securitization— — 283 
Total collateralized debt obligations
89,690 68,529 48,078 
Senior unsecured notes6,476 6,430 4,335 
Subordinated debentures4,154 2,590 1,831 
Convertible notes— 438 11,196 
Total interest expense192,134 129,419 79,284 
Net interest income$66,526 $128,969 $127,582